{"schema_version":"1.0","name":"NPT Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"d955c1f5-5c4e-44be-ac7a-caec3f871892","symbol":"NPT","name":"Texxon Holding Ltd.","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Consumer Cyclical","industry":"Specialty Retail"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price structure remains rotational.","sections":[{"name":"Executive technical read","description":"Completed-week price state, Market Dynamics alignment, current price and the principal technical KPIs."},{"name":"Market Dynamics","description":"The proprietary relationship between completed price, underlying support, positioning zones and confirmation."},{"name":"Ticker evidence record","description":"Current application, comparable historical conditions, zone outcomes and practical review conditions."},{"name":"Adaptive technical evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Drawdown and recovery pressure, Activity pressure and cumulative balance, Directional strength and control, Range position and boundary pressure, Acceleration, deceleration and rollover."},{"name":"SM Tape Intelligence","description":"Resolved consensus with Control, Force, Direction and Confirmation gauges against completed price."},{"name":"Research boundary","description":"Dated scope, interpretation limits, methodology version and source references."}],"research":{"available":true,"asOf":"2026-08-21","observations":44,"displayedObservations":44,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Positive support; price rotational","headline":"Market Dynamics is positive while price has no clear direction","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price structure remains rotational.","take":"The underlying condition is constructive, but a positive price response is still required.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[-0.650835,-0.885473,-0.94003,-0.921975,-0.889133,-0.820679,-0.786256,-0.725012,-0.632739,-0.633996,-0.576921,-0.418665,-0.299815,-0.14336,-0.004653,0.010684],"opens":[1.69,1.45,1.41,1.33,1.24,1.3245,2.19,2.73,2.32,2.34,2.68,2.57,2.74,3.04,4.12,3.59],"highs":[1.71,1.69,1.44,1.4,1.37,12.24,3.2125,2.939,2.55,3.5999,2.76,2.853,3.14,4.47,4.545,3.7671],"lows":[1.375,1.14,1.23,1.21,1.18,1.3101,2.13,2.1801,2.2301,2.2001,2.46,2.41,2.65,3.015,3.2708,3.4878],"closes":[1.38,1.48,1.34,1.25,1.29,2.17,2.73,2.31,2.34,2.7,2.5,2.665,3.07,4.2,3.61,3.58],"hoverRows":[[{"label":"Open","value":"1.69","className":"is-ohlc","compact":true},{"label":"High","value":"1.71","className":"is-ohlc","compact":true},{"label":"Low","value":"1.38","className":"is-ohlc","compact":true},{"label":"Close","value":"1.38","className":"is-ohlc","compact":true},{"label":"Market 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strengthening","fourWeekDirection":"strengthening","now":{"label":"Slightly stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Sustained positive support","detail":"Market Dynamics remains positive and has strengthened across the recent completed path. A slight weekly pause does not yet change the broader constructive reading.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains positive and has strengthened across the recent completed path. A slight weekly pause does not yet change the broader constructive reading.","annotations":[{"label":"Current tape relationship","value":"Sustained positive support","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Supported","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":16,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[4.92,5.92,4.27,3.61,3.41,5.1,5.0,5.69,5.34,5.16,5.2191,5.88,5.72,5.66,6.84,6.27,5.9,5.5,5.75,20.5,18.19,7.36,5.62,12.66,10.31,3.96,1.99,1.76,1.38,1.48,1.34,1.25,1.29,2.17,2.73,2.31,2.34,2.7,2.5,2.665,3.07,4.2,3.61,3.58],"consensus":[-34.2466,-51.2761,-55.6313,-41.8609,-44.3304,20.5994,0.0,40.5821,11.8834,-8.0771,0.0,28.1169,0.0,0.0,47.9807,0.0,-8.1975,-10.669,0.0,76.1864,18.8095,-39.2914,-39.3448,41.2148,-20.3835,-57.4536,-52.1412,-43.7467,-46.4742,-24.2851,-23.7445,-29.8396,-17.8974,0.0,0.0,-15.9669,0.0,0.0,-15.7244,0.0,15.1781,34.0567,0.0,4.4376],"supportDates":["2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[null,null,null,null,null,34.7077,0.0,33.0565,2.5158,-13.822,0.0,26.6525,0.0,0.0,41.1002,0.0,-13.6242,-14.4806,0.0,65.349,15.8386,-47.2593,-44.7158,50.0746,-13.6199,-53.4113,-50.5182,-45.9573,-50.9368,-19.7045,-24.7539,-37.1827,-18.4278,0.0,0.0,-26.227,0.0,0.0,-23.365,0.0,19.9824,36.7878,0.0,2.5945],"force":[-34.2466,-51.2761,-55.6313,-41.8609,-14.8914,26.7678,0.0,47.8514,3.3534,-20.0088,0.0,36.2459,0.0,0.0,52.7672,0.0,-20.9639,-14.8648,0.0,97.3986,50.2736,-82.0455,-56.399,74.1983,-46.7734,-88.1747,-62.2204,-25.4923,-27.3161,-1.4687,-2.9135,-9.4848,-2.1901,0.0,0.0,-11.8149,0.0,0.0,-12.726,0.0,18.2241,39.0244,0.0,0.2262],"direction":[null,null,null,null,-65.3583,0.0697,0.0,43.9904,33.4726,-7.0112,0.0,23.9842,0.0,0.0,52.4251,0.0,-7.1233,-3.316,0.0,73.4204,71.5499,-0.3533,-21.0248,7.5297,-9.2632,-40.1299,-46.7965,-54.2591,-55.0585,-45.8175,-37.4701,-35.9867,-31.6395,0.0,0.0,-7.2069,0.0,0.0,-9.1341,0.0,7.5117,27.3872,0.0,15.8054],"intensity":[null,null,null,null,25.0,40.0,33.3333,14.2857,12.5,22.2222,20.0,36.3636,66.6667,69.2308,71.4286,100.0,100.0,41.1765,5.5556,100.0,95.0,95.2381,95.4545,82.6087,70.8333,76.0,69.2308,59.2593,25.0,3.4483,6.6667,3.2258,3.125,93.9394,85.2941,20.0,19.4444,45.9459,39.4737,7.6923,22.5,58.5366,26.1905,39.5349],"confirmation":[33.6256,39.075,40.4687,36.0621,58.1733,51.8982,24.9794,81.3225,26.8631,49.6898,24.7276,77.2675,3.8099,27.0754,83.6045,30.0318,49.7825,48.8172,3.2819,93.1912,37.3506,59.1635,81.0282,59.3923,75.43,87.383,85.0171,81.4089,82.2199,52.479,52.2813,76.8164,50.9075,4.2457,25.5178,50.1599,24.8371,24.7258,72.824,0.9036,50.2099,79.0079,26.9397,24.6535],"persistence":[null,null,100.0,100.0,100.0,66.6667,57.1429,37.5,12.5,12.5,0.0,25.0,37.5,25.0,37.5,25.0,0.0,0.0,0.0,0.0,12.5,0.0,25.0,12.5,12.5,12.5,25.0,50.0,75.0,75.0,75.0,100.0,100.0,87.5,75.0,75.0,62.5,50.0,50.0,37.5,12.5,0.0,0.0,12.5],"assessmentRisk":[null,null,null,null,23.8077,40.2205,26.3905,27.9641,42.1686,7.2797,8.897,3.1336,20.1019,28.0177,24.2304,30.0257,17.6427,6.5729,51.3526,11.8333,40.3633,37.0119,18.4123,65.185,34.3148,2.4445,1.5365,25.8105,22.3083,7.939,6.3181,10.5537,7.7923,9.6277,20.6715,26.2183,29.7978,14.3026,9.2771,37.2796,40.7219,32.888,49.6628,45.7793],"volumeParticipation":true,"latest":{"consensus":4.4,"control":2.6,"force":0.2,"direction":15.8,"confirmation":24.7,"persistence":12.5,"assessmentRisk":45.8,"intensity":39.5,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Broadly stable","forceState":"Commitment is limited","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+4.4","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+2.6","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+0.2","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+15.8","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"25/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"50.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"59.8%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"41.6","detail":"Directional","tone":"positive"},{"label":"Range position","value":"11%","detail":"location inside observed range","tone":"neutral"},{"label":"Adaptive set","value":"6 views","detail":"selected for the current tape","tone":"neutral"}],"charts":[{"key":"price","eyebrow":"Price architecture","title":"Trend, acceptance and volatility envelope","description":"Price is shown against fast and slow trend references with its current volatility envelope.","reason":"Selected as the anchor because price is rotating through its trend references.","series":[{"label":"Close","values":[4.92,5.92,4.27,3.61,3.41,5.1,5.0,5.69,5.34,5.16,5.2191,5.88,5.72,5.66,6.84,6.27,5.9,5.5,5.75,20.5,18.19,7.36,5.62,12.66,10.31,3.96,1.99,1.76,1.38,1.48,1.34,1.25,1.29,2.17,2.73,2.31,2.34,2.7,2.5,2.665,3.07,4.2,3.61,3.58],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,4.471,4.5854,4.6608,4.8479,4.9374,4.9779,5.0217,5.1778,5.2764,5.3461,5.6177,5.7363,5.7661,5.7177,5.7236,8.4102,10.1883,9.6741,8.937,9.6139,9.7405,8.6895,7.4714,6.433,5.5142,4.7807,4.1551,3.6269,3.202,3.0144,2.9627,2.844,2.7524,2.7429,2.6987,2.6926,2.7612,3.0228,3.1296,3.2115],"stroke":"#176fa3","width":1.7},{"label":"Slow 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risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,0.0,-27.8716,-39.0203,-42.3986,-13.8514,-15.5405,-3.8851,-9.7973,-12.8378,-11.8395,-0.6757,-3.3784,-4.3919,0.0,-8.3333,-13.7427,-19.5906,-15.9357,0.0,-11.2683,-64.0976,-72.5854,-38.2439,-49.7073,-80.6829,-90.2927,-91.4146,-93.2683,-92.7805,-93.4634,-93.9024,-93.7073,-89.4146,-86.6829,-88.7317,-88.5854,-86.8293,-87.8049,-87.0,-85.0244,-79.5122,-82.3902,-82.5366],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,66.8622,56.5982,51.3196,53.0528,72.434,67.7419,65.9824,100.5865,83.871,73.0205,61.2903,68.6217,501.173,433.4311,115.8358,64.8094,271.261,202.346,16.129,0.0,0.0,0.0,7.2464,0.0,0.0,3.2,73.6,118.4,84.8,87.2,116.0,100.0,113.2,145.6,236.0,188.8,186.4],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}