{"schema_version":"1.0","name":"603049 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"ecd4ad54-b419-4813-9d05-166d4fa2337f","symbol":"603049","name":"Zhongce Rubber Group Co., Ltd.","exchange":"SHH","country":"CN","asset_type":"equity","currency":"CNY","sector":"Consumer Cyclical","industry":"Auto Parts"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","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, Drawdown and recovery pressure, Range pressure and compression, Strength versus the research benchmark, 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":"2026-08-21","observations":63,"displayedObservations":63,"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 has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Market Dynamics is improving before price has fully responded","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","take":"Treat the gap as an early-upside opportunity watch. 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commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+34.2","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"83/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"52.0","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"5.3%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"21.7","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"47%","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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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,-3.6572,-7.5271,-5.5497,-3.4233,-1.6585,-1.4052,0.0,-2.6658,-2.254,-2.1456,0.0,0.0,-1.7071,0.0,0.0,-0.0799,0.0,0.0,-5.2683,0.0,-0.8731,0.0,0.0,-6.4116,-5.6463,-2.8571,0.0,-7.6215,-6.5046,-8.0979,-7.5723,-9.6419,-5.2727,-9.954,-8.9849,-11.2845,-9.7241,-12.8778,-15.4731,-21.3042,-21.797,-20.3022,-18.6268,-21.6074,-22.4195,-22.0692,-21.7666,-24.2189,-24.0278,-25.9546,-25.7953,-23.98,-27.1189,-27.6938,-23.3738,-21.8134,-22.0269,-21.9941,-18.3147,-19.908,-22.6018,-19.0867],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,9.1515,6.2417,6.6912,6.8095,11.3988,12.2505,10.3343,15.4678,18.3539,18.2593,19.584,21.24,14.8527,27.3434,26.2315,36.6641,39.1007,30.1822,31.2467,35.1264,44.0213,30.2591,28.9315,24.5825,25.295,22.4894,28.4124,21.5521,22.7242,15.8019,17.8388,13.7221,5.9938,0.0,0.0,1.9114,4.0538,0.2424,0.0,0.4516,0.8416,0.0,0.2521,0.0,0.2151,2.6667,0.0,0.0,5.9746,8.1327,7.8373,7.8828,12.9714,10.7678,7.0423,11.9037],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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