{"schema_version":"1.0","name":"7827 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"e52a7de7-95bd-465f-963a-a1c6e10db309","symbol":"7827","name":"HanchorBio Inc.","exchange":"TAI","country":"TW","asset_type":"equity","currency":"TWD","sector":"Healthcare","industry":"Biotechnology"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","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, Strength versus the research benchmark, Activity pressure and cumulative balance, Directional strength and control, Acceleration, deceleration and rollover, Drawdown and recovery 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":60,"displayedObservations":60,"assetType":"Equity","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics improved this week but remains below zero. 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Price ahead of underlying support","tone":"caution","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"Treat the gap as an early-downside risk watch. Stronger Market Dynamics would confirm the price move; a weaker price response would confirm that the gap is closing through correction.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":0.0,"averageReturn":31.2,"sample":1},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"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":"In this ticker's completed record, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 31.2% across 1 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 2.0 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 5.7% across 1 completed cases, with the largest move arriving after 4.0 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-01-23","price":128.0}],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","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","2026-02-27","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":[83.3,62.2,63.9,60.8,71.6,70.2,82.7,84.0,83.8,78.2373,77.0,75.3,78.0,78.0,72.4,70.3,77.6,76.5,74.2,74.2,70.1,68.3,71.1,78.3,83.5,86.7,87.4,92.8,105.0,111.0,128.0,125.5,125.0,130.0,153.0,163.0,158.0,135.5,130.0,125.5,130.0,141.0,146.5,144.5,135.0,133.0,133.0,137.0,159.5,160.0,164.5,174.5,161.5,185.0,159.0,140.0,142.5,156.0,161.0,161.0],"consensus":[90.367,-74.9216,28.1251,-49.5122,0.0,-10.4709,21.2731,0.0,16.0418,0.0,0.0,-16.5951,0.0,0.0,-22.4444,-17.2625,15.356,0.0,0.0,0.0,-21.3175,-13.9912,8.3795,29.9932,37.9893,34.7969,23.441,44.9881,57.9406,53.2022,71.4754,28.7778,31.1734,43.4989,82.9017,62.0241,35.79,-18.663,-13.4444,-15.5118,0.0,33.7314,31.8868,15.1358,-16.777,-16.1315,0.0,0.0,59.1952,37.6035,34.9348,54.7349,-8.2067,47.4489,-23.5793,-48.0533,0.0,16.9041,19.6468,17.4712],"supportDates":["2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","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","2026-02-27","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":[16.2499,0.0,0.0,-20.0872,0.0,0.0,-28.927,-19.0023,18.6358,0.0,0.0,0.0,-22.2109,-10.4386,18.7571,27.8674,35.4381,29.9782,17.5624,43.8487,47.8525,47.4396,66.9355,21.0803,22.9609,38.6874,86.2459,55.2348,32.2284,-25.1402,-8.1769,-8.273,0.0,35.1237,28.7959,7.6502,-25.6762,-14.3854,0.0,0.0,52.7409,38.9798,29.1914,51.6351,-11.5967,49.6408,-32.3208,-45.9547,0.0,34.9457,25.433,13.8416],"force":[10.9437,0.0,0.0,-16.815,0.0,0.0,-22.723,-12.5336,28.8748,0.0,0.0,0.0,-23.8417,-8.5294,17.9751,54.9703,48.9889,35.1555,9.7448,45.757,76.2128,52.7419,84.9908,9.0455,2.8947,25.5439,96.1489,60.5792,2.1946,-74.2631,-29.7033,-19.8714,0.0,42.5543,26.7233,2.2922,-35.7485,-23.3262,0.0,0.0,86.6884,22.5496,23.6821,60.518,-45.2222,34.7794,-44.0688,-61.3147,0.0,33.2232,21.0272,12.6923],"direction":[19.4453,0.0,0.0,-12.447,0.0,0.0,-14.8368,-18.6521,1.9512,0.0,0.0,0.0,-18.4934,-21.9525,10.3347,14.5819,33.048,40.0477,39.9425,45.7412,56.4183,60.1169,67.0099,64.5916,60.7581,61.8228,69.6175,70.8153,66.9923,-28.454,-7.851,-20.6708,0.0,25.838,39.1075,36.1394,-6.9445,-12.988,0.0,0.0,46.9335,46.7835,49.5363,54.1467,-22.1072,53.9936,-1.0465,-40.9794,0.0,15.3712,12.0478,25.0328],"intensity":[37.5,22.2222,20.0,9.0909,16.6667,7.6923,50.0,33.3333,62.5,76.4706,27.7778,5.2632,35.0,42.8571,50.0,86.9565,66.6667,48.0,46.1538,59.2593,100.0,89.6552,90.0,61.2903,15.625,54.5455,94.1176,100.0,83.3333,89.1892,86.8421,76.9231,37.5,73.1707,80.9524,18.6047,59.0909,8.8889,69.5652,78.7234,91.6667,65.3061,68.0,58.8235,73.0769,100.0,98.0769,92.3077,80.7692,73.0769,48.0769,5.7692],"confirmation":[72.9748,26.3437,1.6342,73.2639,1.924,0.5998,75.0919,73.3534,50.6093,47.6132,47.7788,0.657,74.8849,72.3648,27.6871,78.3914,80.5307,79.2194,75.1733,82.437,87.2516,85.0985,91.3532,32.7698,54.5721,81.4458,94.8813,87.9071,56.151,36.3048,50.2113,73.2069,2.9872,79.0417,78.0935,27.5821,52.6261,73.4079,25.4385,48.9567,87.8787,79.5534,78.9237,85.7386,31.0855,82.7641,53.5932,83.8132,5.2528,31.5776,74.2409,44.64],"persistence":[0.0,12.5,0.0,0.0,0.0,12.5,12.5,25.0,25.0,25.0,25.0,12.5,25.0,37.5,12.5,12.5,12.5,25.0,37.5,50.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,50.0,25.0,12.5,12.5,12.5,12.5,12.5,12.5,0.0,12.5,25.0,25.0,25.0,25.0,25.0,50.0,37.5,25.0,12.5,12.5,12.5,12.5],"assessmentRisk":[34.7156,38.136,26.1695,30.6763,32.1825,0.8308,24.1026,28.3175,11.339,11.7939,21.9127,41.5568,38.3136,42.336,41.7487,24.7714,30.8893,32.5917,38.2516,27.4657,21.0227,23.3973,14.2623,35.61,34.3192,28.1781,8.482,18.9863,32.0893,32.9242,41.7574,42.12,49.749,6.0196,29.1729,39.9379,30.148,23.5306,39.1503,38.4988,19.5601,30.7024,32.5004,22.6263,15.4113,25.4999,8.406,25.2904,40.2275,56.8746,2.7372,36.5054],"volumeParticipation":true,"latest":{"consensus":17.5,"control":13.8,"force":12.7,"direction":25.0,"confirmation":44.6,"persistence":12.5,"assessmentRisk":36.5,"intensity":5.8,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the upward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+17.5","detail":"Price structure has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+13.8","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+12.7","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction 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trend references are aligned upward.","series":[{"label":"Close","values":[83.3,62.2,63.9,60.8,71.6,70.2,82.7,84.0,83.8,78.2373,77.0,75.3,78.0,78.0,72.4,70.3,77.6,76.5,74.2,74.2,70.1,68.3,71.1,78.3,83.5,86.7,87.4,92.8,105.0,111.0,128.0,125.5,125.0,130.0,153.0,163.0,158.0,135.5,130.0,125.5,130.0,141.0,146.5,144.5,135.0,133.0,133.0,137.0,159.5,160.0,164.5,174.5,161.5,185.0,159.0,140.0,142.5,156.0,161.0,161.0],"stroke":"#10243b","width":2.1},{"label":"Fast 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leadership","title":"Strength versus the research benchmark","description":"Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.","reason":"Selected because benchmark-relative leadership is strengthening, fading or diverging from price.","series":[{"label":"Relative 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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,79.2309,56.332,31.2434,23.9951,27.8727,28.3036,24.835,15.9172,26.9526,64.2526,21.3279,18.6999,23.0333,34.5512,37.1664,30.7566,116.0591,125.7957,127.5291,59.7337,106.3677,309.4207,151.8058,228.9738,119.8179,59.763,44.1123,122.7631,149.9581,59.5407,177.0936,84.3664,37.5285,41.2163,87.9799,108.2605,37.5059,51.6273,80.5105,43.7115,171.6563,263.5063,132.5967,84.3452,116.3386,83.4598,0.0,7.216,64.8699,54.2211,53.087,48.8862,44.4457],"stroke":"#1678a7","width":1.8},{"label":"Cumulative 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