{"schema_version":"1.0","name":"AMGN Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"dbc6b537-5cd6-4447-9e08-6014f4eb95f8","symbol":"AMGN","name":"Amgen Inc.","exchange":"TOR","country":"CA","asset_type":"etf","currency":"CAD","sector":null,"industry":null},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","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, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, Range position and boundary pressure, Range pressure and compression, Directional strength and control."},{"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":"2026-08-14","observations":34,"displayedObservations":34,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"values":[0.426738,0.59255,0.691082,0.725833,0.799937,0.850975],"opens":[26.98,26.98,27.0,28.26,28.74,30.27],"highs":[26.98,27.780001,27.950001,29.4,30.84,31.059999],"lows":[26.950001,26.389999,27.0,27.969999,28.200001,30.27],"closes":[26.950001,27.16,27.92,28.26,30.43,30.690001],"hoverRows":[[{"label":"Open","value":"27.0","className":"is-ohlc","compact":true},{"label":"High","value":"27.0","className":"is-ohlc","compact":true},{"label":"Low","value":"27.0","className":"is-ohlc","compact":true},{"label":"Close","value":"27.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"27.0","className":"is-ohlc","compact":true},{"label":"High","value":"27.8","className":"is-ohlc","compact":true},{"label":"Low","value":"26.4","className":"is-ohlc","compact":true},{"label":"Close","value":"27.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"27.0","className":"is-ohlc","compact":true},{"label":"High","value":"28.0","className":"is-ohlc","compact":true},{"label":"Low","value":"27.0","className":"is-ohlc","compact":true},{"label":"Close","value":"27.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"28.3","className":"is-ohlc","compact":true},{"label":"High","value":"29.4","className":"is-ohlc","compact":true},{"label":"Low","value":"28.0","className":"is-ohlc","compact":true},{"label":"Close","value":"28.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"28.7","className":"is-ohlc","compact":true},{"label":"High","value":"30.8","className":"is-ohlc","compact":true},{"label":"Low","value":"28.2","className":"is-ohlc","compact":true},{"label":"Close","value":"30.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"30.3","className":"is-ohlc","compact":true},{"label":"High","value":"31.1","className":"is-ohlc","compact":true},{"label":"Low","value":"30.3","className":"is-ohlc","compact":true},{"label":"Close","value":"30.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[26.725601,30.914401],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"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":"Zone progression","detail":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. 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Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"distribution","zoneContext":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price structure is upward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-08-07","price":30.43}],"reversal_dangers":[{"date":"2026-07-10","price":26.950001}]}},"smTape":{"available":true,"dates":["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"],"close":[24.5342,24.485,24.1695,24.278,25.6481,25.1848,28.1715,27.393,27.9091,28.8024,27.3434,27.3533,25.805,26.1822,25.7554,25.9638,25.8844,25.6562,24.2269,24.2667,24.3,25.4,25.07,26.5,26.45,25.3,26.54,28.1,26.95,27.16,27.92,28.26,30.43,30.69],"consensus":[-100.0,0.0,-36.196,58.0,82.2741,0.0,79.1381,20.107,62.2008,86.0477,-18.7354,12.7486,-67.0931,0.0,-58.0648,0.0,-9.5402,-36.0819,-75.0064,-36.569,-48.3734,21.3859,-20.8515,58.9412,38.7893,-25.6995,29.1739,66.8765,0.0,36.0777,66.4297,31.9557,78.87,52.9792],"supportDates":["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"],"control":[null,null,null,null,null,0.0,82.1736,13.2883,42.9927,82.6388,-22.9918,7.1277,-55.0127,0.0,-48.0562,0.0,-8.6483,-27.6361,-75.5326,-29.6252,-50.314,37.7704,-33.4612,71.3812,46.2982,-31.6645,20.1103,76.8332,0.0,25.5486,66.9659,24.6353,78.0078,46.3344],"force":[-100.0,0.0,-36.196,58.0,57.8797,0.0,57.9981,56.3755,63.2256,92.1378,-65.339,12.1473,-98.4259,0.0,-77.1112,0.0,-2.0764,-44.5785,-86.3493,-7.1136,-23.8118,48.283,-23.0646,57.919,17.5112,-28.3035,22.0615,58.9909,0.0,36.6777,80.7655,29.6036,94.2008,39.5617],"direction":[null,null,null,null,99.6987,0.0,90.7691,82.5301,83.4208,85.5936,-19.4173,36.9554,-58.5187,0.0,-55.8987,0.0,-18.857,-39.6653,-66.303,-65.5443,-63.6995,16.5516,-4.8598,45.4541,45.4064,-17.0223,44.6127,61.1299,0.0,47.6824,55.5771,42.0019,68.9048,70.1572],"intensity":[null,null,null,null,100.0,40.0,100.0,85.7143,50.0,44.4444,80.0,36.3636,83.3333,53.8462,14.2857,20.0,18.75,11.7647,77.7778,68.4211,25.0,71.4286,31.8182,82.6087,8.3333,72.0,84.6154,92.5926,64.2857,34.4828,30.0,80.6452,96.875,93.9394],"confirmation":[54.6667,0.0,34.2494,41.2267,70.5459,35.7214,92.6337,38.9007,88.2282,95.7728,34.1598,5.9979,90.6088,30.6592,87.3137,8.148,48.4887,79.9339,92.3397,56.2435,82.7014,33.6112,51.8811,86.6405,79.6497,76.2123,77.257,89.0084,32.1522,79.7236,89.6862,78.2657,93.7188,55.0],"persistence":[null,null,66.6667,25.0,0.0,0.0,14.2857,25.0,50.0,62.5,62.5,62.5,37.5,37.5,12.5,0.0,25.0,50.0,50.0,75.0,75.0,62.5,62.5,50.0,25.0,25.0,0.0,25.0,37.5,37.5,62.5,62.5,62.5,87.5],"assessmentRisk":[null,null,null,null,5.7459,35.9382,10.2901,39.323,16.9792,6.8421,20.7396,8.1206,13.5681,47.5029,14.8783,38.9363,8.1978,4.1826,5.7961,30.5846,24.3666,26.0048,50.9649,20.1724,30.166,6.1439,32.8201,13.8509,25.2439,29.9221,11.2787,6.7136,10.4822,23.4389],"volumeParticipation":true,"latest":{"consensus":53.0,"control":46.3,"force":39.6,"direction":70.2,"confirmation":55.0,"persistence":87.5,"assessmentRisk":23.4,"intensity":93.9,"evidenceDepth":100},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+53.0","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+46.3","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+39.6","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+70.2","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"69.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"3.6%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"19.0","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"95%","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 and its trend references are aligned upward.","series":[{"label":"Close","values":[24.5342,24.485,24.1695,24.278,25.6481,25.1848,28.1715,27.393,27.9091,28.8024,27.3434,27.3533,25.805,26.1822,25.7554,25.9638,25.8844,25.6562,24.2269,24.2667,24.3,25.4,25.07,26.5,26.45,25.3,26.54,28.1,26.95,27.16,27.92,28.26,30.43,30.69],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,24.6493,24.7467,25.3694,25.7373,26.1322,26.6177,26.7496,26.8594,26.6677,26.5794,26.4296,26.3449,26.2612,26.1512,25.8013,25.5223,25.3001,25.3182,25.2731,25.4962,25.6696,25.6024,25.7729,26.196,26.3331,26.4834,26.7446,27.0201,27.6401,28.1946],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,25.7979,25.8263,25.8211,25.8317,25.8356,25.8223,25.7041,25.5976,25.5015,25.494,25.4626,25.5394,25.6069,25.5841,25.655,25.8361,25.9186,26.0105,26.152,26.3081,26.6135,26.9154],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,29.5025,29.5413,29.5614,29.4062,29.2871,29.1613,29.0548,28.955,28.8582,28.8195,28.7685,28.7821,28.7615,28.715,28.7083,28.7414,28.7386,28.4974,28.6268,28.4754,28.1105,28.2258,28.4113,29.3093,30.0882],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,22.6126,22.8077,22.984,23.0673,23.1785,23.2407,23.3175,23.3818,23.4217,23.259,23.1328,23.0958,23.2079,23.3444,23.5734,23.6204,23.6347,23.7128,23.654,23.7095,23.9102,23.8526,23.7577,23.3223,22.9942],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,86.8476,110.4396,154.7988,20.0608,3.6364,135.8209,3.7889,503.1475,112.3746,5.6667,946.5824,37.529,71.6953,10.4595,10.4089,20.1342,5.7495,153.2012,0.7698,4.76,8.871,2.4834,96.9597,26.8839,79.8434,464.2082,58.3986],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,128.6364,135.0,135.0,133.9526,134.1272,127.4065,127.581,95.0249,102.3566,102.0075,65.0,65.0,67.4724,67.833,68.1935,67.4982,67.6784,65.0,65.0,65.1441,65.4084,65.3363,68.1709,68.9636,71.4139,89.4063,91.7364],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical 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change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.724,0.6433,0.5386,0.4672,0.3995,0.3237,0.1467,0.0094,-0.0955,-0.0889,-0.1091,-0.0095,0.0646,0.0301,0.1018,0.2812,0.3268,0.3755,0.4701,0.5659,0.8077,1.0086],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.586,0.5335,0.4562,0.3668,0.2743,0.2017,0.1395,0.1097,0.1007,0.0866,0.0896,0.1279,0.1677,0.2093,0.2614,0.3223,0.4194,0.5372],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.1865,-0.2098,-0.3095,-0.3574,-0.3699,-0.2906,-0.2486,-0.1193,-0.0361,-0.0564,0.0121,0.1532,0.1591,0.1663,0.2087,0.2436,0.3883,0.4714],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"range","eyebrow":"Acceptance 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