{"schema_version":"1.0","name":"GLS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"e4c59f09-1498-4327-8e36-7dadf4daa7ed","symbol":"GLS","name":"LionGlobal Singapore Physical Gold ETF","exchange":"SES","country":"SG","asset_type":"etf","currency":"SGD","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, Completed returns and cumulative progression, Range expansion and closing direction, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, Range position and boundary pressure."},{"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":21,"displayedObservations":21,"assetType":"ETF","state":"Rotational","stateTone":"caution","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":["2026-04-03","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"],"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],"opens":[6.28,6.417,6.473,6.56,6.47,6.35,6.413,6.23,6.195,6.214,5.801,5.823,5.602,5.774,5.72,5.552,5.548,5.71,5.6,5.94,5.985],"highs":[6.678,6.65,6.66,6.598,6.5,6.5,6.5,6.288,6.215,6.243,5.842,5.826,5.634,5.826,5.74,5.574,5.752,5.71,5.95,6.1,6.254],"lows":[6.16,6.4,6.462,6.424,6.275,6.23,6.275,6.155,6.18,6.13,5.77,5.748,5.568,5.774,5.69,5.52,5.548,5.575,5.58,5.932,5.95],"closes":[6.4,6.522,6.574,6.446,6.358,6.426,6.277,6.234,6.214,6.167,5.839,5.798,5.618,5.808,5.694,5.544,5.638,5.604,5.94,5.982,6.245],"hoverRows":[[{"label":"Open","value":"6.28","className":"is-ohlc","compact":true},{"label":"High","value":"6.68","className":"is-ohlc","compact":true},{"label":"Low","value":"6.16","className":"is-ohlc","compact":true},{"label":"Close","value":"6.40","className":"is-ohlc","compact":true},{"label":"Market 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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":"5.71","className":"is-ohlc","compact":true},{"label":"High","value":"5.71","className":"is-ohlc","compact":true},{"label":"Low","value":"5.58","className":"is-ohlc","compact":true},{"label":"Close","value":"5.60","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":"5.60","className":"is-ohlc","compact":true},{"label":"High","value":"5.95","className":"is-ohlc","compact":true},{"label":"Low","value":"5.58","className":"is-ohlc","compact":true},{"label":"Close","value":"5.94","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":"5.94","className":"is-ohlc","compact":true},{"label":"High","value":"6.10","className":"is-ohlc","compact":true},{"label":"Low","value":"5.93","className":"is-ohlc","compact":true},{"label":"Close","value":"5.98","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":"5.99","className":"is-ohlc","compact":true},{"label":"High","value":"6.25","className":"is-ohlc","compact":true},{"label":"Low","value":"5.95","className":"is-ohlc","compact":true},{"label":"Close","value":"6.25","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}]],"pressureRange":[-2.3,2.3],"priceRange":[5.4822,6.6358],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-03","price":6.4},{"date":"2026-08-21","price":6.245}],"reversal_dangers":[{"date":"2026-04-10","price":6.522}]}},"smTape":{"available":true,"dates":["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":[6.4,6.522,6.574,6.446,6.358,6.426,6.277,6.234,6.214,6.167,5.839,5.798,5.618,5.808,5.694,5.544,5.638,5.604,5.94,5.982,6.245],"consensus":[0.0,0.0,13.1313,-43.3333,-12.7689,0.0,-32.1351,-16.8444,0.0,-27.1697,-35.7428,-34.6881,-41.0327,-15.4537,-44.7141,-45.4345,0.0,-37.3969,46.7669,18.3931,64.9271],"supportDates":["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,0.0,-35.0789,-10.3711,0.0,-24.6674,-23.0102,-25.1576,-29.963,-2.6453,-52.4112,-42.4421,0.0,-40.7522,41.9821,9.09,61.0419],"force":[0.0,0.0,13.1313,-43.3333,-11.8693,0.0,-29.8889,-9.2785,0.0,-17.672,-18.9039,-10.8097,-18.4834,-16.6943,-26.4491,-28.1829,0.0,-26.7285,90.0932,15.8738,89.3182],"direction":[null,null,null,null,-13.4115,0.0,-30.3751,-29.6468,0.0,-36.8137,-62.3223,-62.6361,-69.7904,-53.0547,-48.9639,-61.177,0.0,-41.1825,21.2879,30.8246,51.9452],"intensity":[null,null,null,null,75.0,40.0,83.3333,85.7143,37.5,11.1111,100.0,9.0909,75.0,76.9231,42.8571,66.6667,68.75,11.7647,94.4444,94.7368,85.0],"confirmation":[2.3475,0.768,26.8687,36.5333,49.3783,48.1617,78.1699,73.2583,26.9414,76.443,79.1185,78.5177,80.6119,7.7221,81.6346,82.0589,30.4977,79.5907,84.3587,73.9508,55.0],"persistence":[null,null,33.3333,0.0,20.0,16.6667,28.5714,37.5,37.5,50.0,75.0,75.0,75.0,87.5,87.5,87.5,87.5,87.5,62.5,37.5,12.5],"assessmentRisk":[null,null,null,null,13.186,40.3808,33.5864,40.3056,43.367,36.1691,32.052,32.5998,29.48,41.8547,19.0231,25.8552,11.3375,27.4,21.9711,40.3763,17.4294],"volumeParticipation":true,"latest":{"consensus":64.9,"control":61.0,"force":89.3,"direction":51.9,"confirmation":55.0,"persistence":12.5,"assessmentRisk":17.4,"intensity":85.0,"evidenceDepth":81},"analysis":{"status":"Completed tape 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":"Completed tape","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+64.9","detail":"Completed tape has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+61.0","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+89.3","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+51.9","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"65.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"4.5%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"63%","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 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GLS Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/e4c59f09-1498-4327-8e36-7dadf4daa7ed/technical-pack/","data_notes":{"time_series":"Parallel time-series arrays align by index with their dates array.","events":"Sparse chart markers are published as compact dated event records rather than null-filled arrays.","missing_values":"A remaining null in an aligned series means that observation is genuinely unavailable; zero remains a valid value."},"boundary":"Completed market observations and published proprietary outputs only. Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}