{"schema_version":"1.0","name":"441A Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"f3e82e6e-47f4-4454-b131-630d6945cfd9","symbol":"441A","name":"NE INC","exchange":"JPX","country":"JP","asset_type":"equity","currency":"JPY","sector":"Technology","industry":"Information Technology Services"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","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, Acceleration, deceleration and rollover, Drawdown and recovery pressure, Range pressure and compression, Directional strength and control, Activity pressure and cumulative balance."},{"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":42,"displayedObservations":42,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","evidenceAlignment":{"status":"Unsupported elevation","headline":"Price remains elevated without full Market Dynamics support","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price remains elevated in the distribution zone.","take":"This is a downside warning, not a confirmed reversal. Stronger Market Dynamics would repair the gap; weaker price would begin to confirm it.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[-1.572129,-2.051384,-2.12935,-2.186864,-2.218892,-2.335766,-2.316294,-2.068703,-1.74585,-1.320385,-0.89894,-0.538848,-0.249105,-0.069736],"opens":[279.0,287.0,259.0,252.0,218.0,221.0,246.0,254.0,250.0,251.0,250.0,250.0,262.0,275.0],"highs":[297.0,291.0,272.0,256.0,224.0,225.0,250.0,255.0,253.0,253.0,260.0,270.0,279.0,289.0],"lows":[260.0,262.0,257.0,248.0,216.0,214.0,245.0,248.0,238.0,243.0,249.0,249.0,257.0,272.0],"closes":[275.0,274.0,265.0,248.0,216.0,225.0,246.0,254.0,250.0,248.0,250.0,264.0,276.0,276.0],"hoverRows":[[{"label":"Open","value":"279.0","className":"is-ohlc","compact":true},{"label":"High","value":"297.0","className":"is-ohlc","compact":true},{"label":"Low","value":"260.0","className":"is-ohlc","compact":true},{"label":"Close","value":"275.0","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"-0.90","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"250.0","className":"is-ohlc","compact":true},{"label":"High","value":"270.0","className":"is-ohlc","compact":true},{"label":"Low","value":"249.0","className":"is-ohlc","compact":true},{"label":"Close","value":"264.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.54","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"262.0","className":"is-ohlc","compact":true},{"label":"High","value":"279.0","className":"is-ohlc","compact":true},{"label":"Low","value":"257.0","className":"is-ohlc","compact":true},{"label":"Close","value":"276.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.25","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"275.0","className":"is-ohlc","compact":true},{"label":"High","value":"289.0","className":"is-ohlc","compact":true},{"label":"Low","value":"272.0","className":"is-ohlc","compact":true},{"label":"Close","value":"276.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.07","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.662773,2.662773],"priceRange":[212.4,279.6],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.069736,"state":"Price ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"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."}},"diagnosis":{"label":"Unsupported elevation","detail":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","tone":"negative"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","annotations":[{"label":"Current tape relationship","value":"Unsupported elevation","detail":"Market Dynamics improved this week but remains below zero.","tone":"negative"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","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":"Not confirming","detail":"Market Dynamics has strengthened over four weeks, but it still lags the elevated price.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":14,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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","2026-02-20","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":[355.0,339.5,316.5,349.5,334.5,339.0,355.5,333.0,326.5,340.5,322.0,344.5,362.5,345.0,350.0,328.0,341.0,328.0,312.5,326.5,339.5,320.0,313.0,311.0,307.5,302.0,291.0,279.0,275.0,274.0,265.0,248.0,216.0,225.0,246.0,254.0,250.0,248.0,250.0,264.0,276.0,276.0],"consensus":[-72.3684,-78.6667,0.0,49.5942,-19.9605,0.0,26.1103,-27.8546,-21.0814,11.6655,-33.0196,25.3368,39.5302,-11.5914,8.1659,-34.121,0.0,-16.6603,-30.4907,13.2213,18.9179,-28.0915,-26.3303,-15.1055,-25.8926,-29.8136,-35.3417,-46.7937,-32.6219,-31.0721,-30.565,-53.8532,-63.7704,-18.614,-20.4393,0.0,0.0,-8.3181,-13.9515,26.9882,41.4552,-16.7542],"supportDates":["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","2026-02-20","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,0.0,28.9226,-31.6836,-27.5166,16.3668,-31.5598,25.7343,37.8942,-18.1158,0.3292,-40.1085,0.0,-13.843,-30.2662,21.9458,27.3607,-34.4893,-36.1041,-12.1749,-24.623,-29.5514,-37.3594,-51.1451,-28.7593,-29.1899,-28.0839,-64.1494,-74.1074,-1.6791,-19.5263,0.0,0.0,-18.8659,-23.2402,27.1283,39.7893,-6.6571],"force":[-72.3684,-78.6667,0.0,49.5942,-16.1772,0.0,26.8075,-37.2457,-16.802,20.9515,-38.7514,45.6064,49.4453,-23.3128,4.3029,-38.7296,0.0,-20.2577,-26.5983,30.1387,28.5533,-34.046,-24.7035,-5.643,-17.2307,-28.8534,-27.4814,-39.1748,-19.0258,-16.5597,-12.6481,-37.7401,-46.9094,-13.3168,-6.2826,0.0,0.0,-2.6032,-3.9433,43.746,49.3257,-3.2377],"direction":[null,null,null,null,-22.6629,0.0,22.3983,-16.7706,-16.7836,0.3403,-30.5939,10.4044,34.3176,-4.2375,20.6338,-23.9864,0.0,-17.3106,-33.5277,8.8334,2.3867,-16.5265,-16.3222,-25.2137,-33.5307,-30.7992,-38.6504,-47.2627,-46.7478,-43.5893,-46.1982,-53.5956,-64.0003,-60.7757,-40.5699,0.0,0.0,-4.0644,-10.4846,14.8581,37.7372,-37.9484],"intensity":[null,null,null,null,25.0,20.0,50.0,57.1429,37.5,22.2222,60.0,72.7273,75.0,46.1538,14.2857,60.0,50.0,82.3529,33.3333,21.0526,15.0,61.9048,13.6364,21.7391,12.5,48.0,80.7692,18.5185,50.0,13.7931,66.6667,54.8387,90.625,18.1818,85.2941,17.1429,22.2222,8.1081,18.4211,41.0256,30.0,48.7805],"confirmation":[45.8246,47.84,0.8889,38.5368,51.5478,1.1616,76.3337,77.1413,74.5176,49.3502,78.7632,76.7195,80.9768,50.2044,25.3617,78.9679,24.4956,73.4839,77.6418,29.1646,51.5521,77.0733,76.2272,49.9234,76.041,77.5151,79.0391,82.6755,78.0835,77.5295,77.2726,84.5851,87.7352,8.0823,52.4137,4.2824,2.3454,25.3902,49.3513,77.1448,81.5309,27.7699],"persistence":[null,null,66.6667,25.0,40.0,33.3333,14.2857,25.0,25.0,0.0,12.5,12.5,12.5,0.0,0.0,0.0,12.5,12.5,12.5,12.5,12.5,12.5,37.5,37.5,50.0,50.0,50.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,75.0,75.0,75.0,50.0,25.0,0.0],"assessmentRisk":[null,null,null,null,26.3578,1.3599,34.9991,19.9107,9.5535,1.7984,30.9782,14.4039,28.0656,17.5445,41.4061,18.8573,42.3199,30.9052,33.7113,11.207,14.2502,8.557,14.7333,30.9035,36.1417,30.0595,29.9489,26.1834,33.4616,34.18,34.3326,22.9274,18.1137,40.6889,35.7355,20.9675,50.2348,51.6799,22.2872,18.2934,27.2073,40.1006],"volumeParticipation":true,"latest":{"consensus":-16.8,"control":-6.7,"force":-3.2,"direction":-37.9,"confirmation":27.8,"persistence":0.0,"assessmentRisk":40.1,"intensity":48.8,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-16.8","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-6.7","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-3.2","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-37.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"28/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"44.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"8.3%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"25.6","detail":"Directional","tone":"positive"},{"label":"Range position","value":"41%","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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direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,-2.8828,-2.4967,-1.767,-2.9301,-2.7709,-3.6517,-5.5366,-5.8334,-4.9625,-5.7792,-6.9115,-7.8795,-8.8273,-9.908,-11.5193,-13.6077,-15.4079,-16.7226,-18.2799,-20.6479,-24.8205,-27.0889,-26.8821,-25.7757,-24.9341,-24.1502,-23.1012,-20.8993,-17.9787,-15.4856],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-2.6856,-2.8788,-3.4104,-3.895,-4.1085,-4.4426,-4.9364,-5.525,-6.1855,-6.93,-7.8479,-8.9998,-10.2815,-11.5697,-12.9117,-14.459,-16.5313,-18.6428,-20.2907,-21.3877,-22.0969,-22.5076,-22.6263,-22.2809,-21.4205,-20.2335],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.0853,-0.7728,-2.1262,-1.9385,-0.854,-1.3365,-1.9751,-2.3545,-2.6418,-2.978,-3.6715,-4.6079,-5.1265,-5.1529,-5.3682,-6.1889,-8.2892,-8.4461,-6.5915,-4.388,-2.8372,-1.6426,-0.4749,1.3816,3.4417,4.7479],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-11-07","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","2026-02-20","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 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}