{"schema_version":"1.0","name":"6998 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"ef1f5d3f-4dbe-4ebf-98e9-1692868a93d6","symbol":"6998","name":"Edding Genor Group Holdings Limited","exchange":"HKG","country":"HK","asset_type":"equity","currency":"HKD","sector":"Healthcare","industry":"Drug Manufacturers - Specialty & Generic"},"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, Drawdown and recovery pressure, Activity pressure and cumulative balance, Range pressure and compression, Range position and boundary pressure, 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":34,"displayedObservations":34,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","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":["2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[-0.64558,-0.884775,-0.922667,-0.932612,-0.925274,-0.868304],"opens":[2.0,1.88,1.9,1.64,1.755,1.65],"highs":[2.03,1.97,1.92,1.75,1.825,1.705],"lows":[1.83,1.82,1.62,1.48,1.605,1.56],"closes":[1.88,1.87,1.66,1.71,1.65,1.595],"hoverRows":[[{"label":"Open","value":"2.00","className":"is-ohlc","compact":true},{"label":"High","value":"2.03","className":"is-ohlc","compact":true},{"label":"Low","value":"1.83","className":"is-ohlc","compact":true},{"label":"Close","value":"1.88","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":"1.88","className":"is-ohlc","compact":true},{"label":"High","value":"1.97","className":"is-ohlc","compact":true},{"label":"Low","value":"1.82","className":"is-ohlc","compact":true},{"label":"Close","value":"1.87","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":"1.90","className":"is-ohlc","compact":true},{"label":"High","value":"1.92","className":"is-ohlc","compact":true},{"label":"Low","value":"1.62","className":"is-ohlc","compact":true},{"label":"Close","value":"1.66","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":"1.64","className":"is-ohlc","compact":true},{"label":"High","value":"1.75","className":"is-ohlc","compact":true},{"label":"Low","value":"1.48","className":"is-ohlc","compact":true},{"label":"Close","value":"1.71","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":"1.75","className":"is-ohlc","compact":true},{"label":"High","value":"1.82","className":"is-ohlc","compact":true},{"label":"Low","value":"1.60","className":"is-ohlc","compact":true},{"label":"Close","value":"1.65","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":"1.65","className":"is-ohlc","compact":true},{"label":"High","value":"1.71","className":"is-ohlc","compact":true},{"label":"Low","value":"1.56","className":"is-ohlc","compact":true},{"label":"Close","value":"1.59","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":[1.5779,1.8971],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"strengthening","fourWeekDirection":"steady","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"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":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","tone":"neutral"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics improved this week but remains below zero.","tone":"neutral"},{"label":"Price location","value":"Accumulation zone","detail":"Price is in the lower accumulation area. With limited Market Dynamics history, the zone describes location rather than a completed positioning signal.","tone":"caution"},{"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":true,"asOf":"2026-08-21","observations":26,"relationship":{"sameWeekCorrelation":-0.21,"forwardCorrelation":0.09,"directionalAgreement":100.0,"sample":2,"correlationSample":25,"label":"Variable relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"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}]},"distribution":{"label":"Distribution","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":2.0,"medianWeeksInZone":2,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-12.2,"averageReturn":-12.2,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"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,"averageReturn":-0.5,"sample":1},{"week":2,"averageReturn":-11.7,"sample":1},{"week":3,"averageReturn":-9.0,"sample":1},{"week":4,"averageReturn":-12.2,"sample":1},{"week":5,"averageReturn":-15.2,"sample":1},{"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}]},"regimes":{"alignedPositive":{"label":"Price and Market Dynamics positive","kind":"aligned","expectedDirection":"higher","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":16.7,"averageExpectedMove":16.7,"averageWeeksToLargestMove":6.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":-3.8,"medianReturn":-3.8,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-31.3,"medianReturn":-31.3,"confidenceLow":0.0,"confidenceHigh":65.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.9,"sample":2},{"week":2,"averageReturn":-0.1,"sample":2},{"week":3,"averageReturn":5.1,"sample":2},{"week":4,"averageReturn":-3.8,"sample":2},{"week":5,"averageReturn":-10.0,"sample":2},{"week":6,"averageReturn":-11.7,"sample":2},{"week":7,"averageReturn":-14.9,"sample":2},{"week":8,"averageReturn":-13.4,"sample":2},{"week":9,"averageReturn":-14.1,"sample":2},{"week":10,"averageReturn":-18.4,"sample":2},{"week":11,"averageReturn":-22.3,"sample":2},{"week":12,"averageReturn":-31.3,"sample":2},{"week":13,"averageReturn":-36.2,"sample":2},{"week":14,"averageReturn":-39.0,"sample":2},{"week":15,"averageReturn":-43.9,"sample":2},{"week":16,"averageReturn":-40.9,"sample":1},{"week":17,"averageReturn":-41.2,"sample":1},{"week":18,"averageReturn":-47.8,"sample":1},{"week":19,"averageReturn":-46.2,"sample":1},{"week":20,"averageReturn":-48.1,"sample":1},{"week":21,"averageReturn":-49.8,"sample":1},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"alignedNegative":{"label":"Price and Market Dynamics negative","kind":"aligned","expectedDirection":"lower","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-12.2,"medianReturn":-12.2,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"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,"averageReturn":-0.5,"sample":1},{"week":2,"averageReturn":-11.7,"sample":1},{"week":3,"averageReturn":-9.0,"sample":1},{"week":4,"averageReturn":-12.2,"sample":1},{"week":5,"averageReturn":-15.2,"sample":1},{"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}]},"priceAhead":{"label":"Price positive, Market Dynamics cautious","kind":"disagreement","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}]},"dynamicsAhead":{"label":"Price cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":30.0,"averageExpectedMove":30.0,"averageWeeksToLargestMove":7.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":-16.6,"medianReturn":-16.6,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-25.1,"medianReturn":-25.1,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-4.7,"sample":2},{"week":2,"averageReturn":-13.0,"sample":2},{"week":3,"averageReturn":-17.2,"sample":2},{"week":4,"averageReturn":-16.6,"sample":2},{"week":5,"averageReturn":-10.2,"sample":2},{"week":6,"averageReturn":-6.2,"sample":2},{"week":7,"averageReturn":-5.5,"sample":2},{"week":8,"averageReturn":-12.5,"sample":2},{"week":9,"averageReturn":-18.0,"sample":2},{"week":10,"averageReturn":-25.2,"sample":2},{"week":11,"averageReturn":-21.0,"sample":1},{"week":12,"averageReturn":-25.1,"sample":1},{"week":13,"averageReturn":-34.5,"sample":1},{"week":14,"averageReturn":-29.6,"sample":1},{"week":15,"averageReturn":-30.0,"sample":1},{"week":16,"averageReturn":-37.8,"sample":1},{"week":17,"averageReturn":-36.0,"sample":1},{"week":18,"averageReturn":-38.2,"sample":1},{"week":19,"averageReturn":-40.3,"sample":1},{"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}]}},"pricePressureGap":{"label":"Price 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":"Evidence developing","tone":"neutral","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"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.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"accumulation","zoneContext":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price structure is downward","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":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[2.9,2.59,2.48,2.51,2.5,2.85,3.04,3.18,2.81,2.67,2.73,2.64,2.52,2.79,3.01,3.23,3.47,3.05,2.81,2.48,2.11,2.0,1.75,1.72,1.87,1.67,1.82,1.97,1.88,1.87,1.66,1.71,1.65,1.595],"consensus":[-25.0,-92.9825,-37.5,27.9259,-52.1349,43.427,51.2968,50.9572,-25.6765,-32.8127,-9.9358,-38.5202,-42.2534,37.3499,50.1974,64.9847,64.08,-20.4624,-41.7269,-61.7197,-70.9695,-49.0532,-46.6638,-49.8162,-17.8812,-46.0834,-12.1792,8.9743,-31.594,-15.764,-53.7368,-13.6798,-39.9173,-39.9264],"supportDates":["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,42.6676,48.1582,46.3335,-39.9546,-28.1484,-2.9187,-32.9066,-38.1478,30.4822,44.0717,53.5434,56.6519,-29.4702,-42.457,-63.2599,-75.2268,-46.3624,-41.3441,-50.8393,-8.8769,-44.0614,-13.1101,11.0141,-40.6016,-27.2272,-60.8213,-4.1123,-42.8732,-42.6899],"force":[-25.0,-92.9825,-37.5,27.9259,-6.1838,47.003,39.0773,31.781,-63.6015,-31.207,-2.9651,-34.243,-32.7447,75.7669,58.6277,79.2548,79.2403,-74.5977,-69.9749,-76.2033,-78.8059,-33.4971,-25.8253,-22.3792,-22.266,-26.0679,-20.8823,35.5668,-20.7885,-0.7391,-52.3955,-15.119,-28.334,-25.1841],"direction":[null,null,null,null,-84.9571,41.7406,63.6121,69.9387,-17.7307,-39.2903,-33.8416,-47.991,-53.7376,17.7581,51.1764,67.8674,61.7405,-28.5003,-20.7154,-49.6141,-60.5064,-63.2397,-67.628,-68.2449,-56.8484,-62.6912,-34.7308,12.3514,-29.0178,-14.451,-46.5983,-45.1847,-44.8127,-47.2984],"intensity":[null,null,null,null,25.0,80.0,50.0,71.4286,87.5,100.0,20.0,18.1818,41.6667,61.5385,42.8571,53.3333,56.25,88.2353,83.3333,63.1579,80.0,66.6667,77.2727,4.3478,25.0,32.0,26.9231,22.2222,10.7143,6.8966,40.0,32.2581,25.0,21.2121],"confirmation":[30.6667,52.4211,34.6667,31.603,37.2492,82.0172,84.0904,83.7923,35.6039,78.5222,26.904,80.2817,81.2939,81.2274,84.4134,89.4043,89.0808,36.8073,82.2024,88.1682,90.8842,83.2639,82.3784,83.0894,32.0524,82.1675,29.9971,28.9528,77.6435,49.8579,85.047,6.871,80.3755,55.0],"persistence":[null,null,100.0,50.0,60.0,33.3333,14.2857,0.0,0.0,0.0,0.0,25.0,25.0,25.0,25.0,25.0,0.0,0.0,0.0,0.0,0.0,25.0,50.0,75.0,100.0,100.0,100.0,75.0,75.0,75.0,75.0,75.0,75.0,75.0],"assessmentRisk":[null,null,null,null,23.7048,20.1071,23.8714,24.404,56.5135,17.2357,40.0127,30.264,23.9884,7.7375,19.7322,17.2814,17.9527,50.0541,14.0064,18.9479,14.5135,25.4605,26.6541,24.9308,28.7916,20.5307,20.5162,35.3315,18.1457,46.92,9.513,38.4185,24.865,28.5444],"volumeParticipation":true,"latest":{"consensus":-39.9,"control":-42.7,"force":-25.2,"direction":-47.3,"confirmation":55.0,"persistence":75.0,"assessmentRisk":28.5,"intensity":21.2,"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 downward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-39.9","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-42.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-25.2","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-47.3","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"28.5","detail":"Stretched negative","tone":"negative"},{"label":"Risk pressure","value":"16.1%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"16.5","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"5%","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 downward.","series":[{"label":"Close","values":[2.9,2.59,2.48,2.51,2.5,2.85,3.04,3.18,2.81,2.67,2.73,2.64,2.52,2.79,3.01,3.23,3.47,3.05,2.81,2.48,2.11,2.0,1.75,1.72,1.87,1.67,1.82,1.97,1.88,1.87,1.66,1.71,1.65,1.595],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,2.6873,2.7169,2.7756,2.8491,2.842,2.8107,2.7961,2.7677,2.7227,2.7349,2.7849,2.8658,2.9757,2.9892,2.9566,2.87,2.7318,2.5987,2.4444,2.3127,2.2322,2.13,2.0736,2.0548,2.023,1.9952,1.9342,1.8935,1.8492,1.803],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,2.7886,2.7887,2.8051,2.8365,2.8835,2.8958,2.8894,2.8591,2.8036,2.7441,2.6705,2.6001,2.546,2.4811,2.4321,2.3979,2.3595,2.3233,2.2741,2.2323,2.1892,2.1452],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,3.2134,3.1901,3.1666,3.1496,3.1402,3.169,3.2478,3.3789,3.3861,3.3703,3.3608,3.399,3.4516,3.5315,3.5954,3.6253,3.6459,3.6113,3.531,3.4996,3.477,3.4517,3.4243,3.4051,3.3461],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,2.2926,2.3117,2.3167,2.2996,2.3183,2.327,2.3084,2.2588,2.2772,2.2908,2.2652,2.148,2.0364,1.8835,1.7406,1.6477,1.5091,1.4217,1.381,1.3194,1.262,1.1803,1.1147,1.0469,0.9864],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"drawdown","eyebrow":"Path 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,-10.6897,-14.4828,-13.4483,-13.7931,-1.7241,0.0,0.0,-11.6352,-16.0377,-14.1509,-16.9811,-20.7547,-12.2642,-5.3459,0.0,0.0,-12.1037,-19.0202,-28.5303,-39.1931,-42.3631,-49.5677,-50.4323,-46.1095,-51.8732,-47.5504,-43.2277,-45.8213,-46.1095,-52.1614,-50.7205,-52.4496,-54.0346],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,28.2258,13.3065,7.6613,10.0806,6.4516,1.6129,12.5,21.371,30.2419,39.9194,22.9839,13.3065,0.0,0.0,0.0,0.0,0.0,8.7209,0.0,8.982,17.9641,12.5749,11.976,0.0,3.012,0.0,0.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","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":["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"]},{"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,12.9926,101.4783,58.6693,34.4998,49.2279,46.5505,180.4258,119.3656,266.1012,353.5093,163.6643,113.9152,88.8635,91.1291,78.1118,6.8808,13.1421,59.872,7.6846,16.8999,17.0534,14.3742,31.7499,36.6677,95.4295,44.0173,28.4706],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,102.3771,90.2096,83.4839,87.1958,82.133,77.5497,96.4856,109.1888,135.0,135.0,125.7313,119.2297,114.1875,108.7989,104.1894,103.801,103.0817,106.236,105.8639,106.648,107.4409,106.8015,105.4079,103.7951,108.1057,106.1122,104.909],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,9.928,9.3519,8.8664,8.6723,10.4732,11.3946,13.1119,15.6983,16.343,18.5273,17.8777,16.0713,17.7371,15.8976,14.2182,14.5945,14.1975,16.142,15.6786,16.0405,16.0577],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,33.45,31.932,30.9999,31.1995,30.1144,30.6401,33.8136,39.7355,39.1619,38.1388,38.9503,45.1032,51.5722,60.8688,69.5167,75.0087,82.9034,87.0106,87.5419,90.4828,93.479,98.0728,101.7675,105.9366,108.9264],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,93.0,55.4455,41.5842,47.5248,38.6139,26.7327,53.4653,75.2475,89.0909,87.7698,57.554,40.2878,16.5468,1.9231,6.8182,2.0725,1.0309,8.7629,1.99,9.4527,16.9154,12.4378,11.9403,1.9802,10.6481,7.8704,5.3241],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-2.1538,-13.8037,-18.0982,-16.2577,-19.0184,-22.6994,-14.4172,-7.6687,-3.5821,-4.6703,-16.2088,-22.8022,-31.8681,-42.033,-45.0549,-51.9231,-52.7473,-48.6264,-54.1209,-50.0,-45.8791,-48.3516,-48.6264,-54.3956,-53.022,-54.6703,-56.1813],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,41.3333,24.8889,18.6667,21.3333,17.3333,12.0,24.0,33.7778,43.5556,54.2222,35.5556,24.8889,10.2222,1.4423,6.383,2.3392,1.1765,10.0,2.454,11.6564,20.8589,15.3374,14.7239,2.4691,15.5405,11.4865,7.7703],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,15.6438,15.4385,15.0544,14.7308,15.0683,15.7844,16.1026,16.5374],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,20.1669,20.7108,26.1359,29.9795,26.2255,24.2948,22.2135,20.2495,19.0548,17.8374,17.929,20.3616,19.1832,22.4328,24.3227,24.3579,23.3749,21.5056,19.9587,20.7977,19.9567],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,22.0866,20.1811,18.4194,16.2771,17.8166,20.5205,26.0114,32.3373,34.7999,36.3218,35.5624,33.7875,34.4846,32.782,31.4444,29.8072,28.8734,31.8957,33.3312,31.3522,31.3394],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/ef1f5d3f-4dbe-4ebf-98e9-1692868a93d6/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/ef1f5d3f-4dbe-4ebf-98e9-1692868a93d6/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/ef1f5d3f-4dbe-4ebf-98e9-1692868a93d6/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/ef1f5d3f-4dbe-4ebf-98e9-1692868a93d6/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/ef1f5d3f-4dbe-4ebf-98e9-1692868a93d6/technical-pack/data.json"},"source_fingerprint":"18063275445b86aff94db9d17958541b02225c67449bc9ed5041f62474b7c56a","content_hash":"59a6f8dc422db06ba1d363c803061c9b3b89f609cfb877eb2d0c842f43a7a90e","citation":"Sharemaestro, 6998 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/ef1f5d3f-4dbe-4ebf-98e9-1692868a93d6/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."}