{"schema_version":"1.0","name":"ALKLN Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"f613dd92-8963-4dcb-b9df-45bc1ac8e37c","symbol":"ALKLN","name":"KALEON","exchange":"PAR","country":"FR","asset_type":"equity","currency":"EUR","sector":"Consumer Cyclical","industry":"Travel Services"},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","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, Range pressure and compression, 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":38,"displayedObservations":38,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Rollover warning","headline":"Price has moved below distribution as Market Dynamics weakened","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the warning.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.306629,0.484452,0.617739,0.60238,0.613637,0.539459,0.559442,0.459971,0.336684,0.316633],"opens":[4.0,4.005,4.095,4.06,3.96,3.96,4.05,3.95,3.92,3.9],"highs":[4.035,4.05,4.1,4.09,4.015,4.025,4.05,4.0,3.98,4.0],"lows":[4.0,4.0,4.0,3.95,3.96,3.95,3.9,3.905,3.85,3.9],"closes":[4.0,4.05,4.0,4.03,4.015,3.96,4.0,3.95,3.91,3.975],"hoverRows":[[{"label":"Open","value":"4.00","className":"is-ohlc","compact":true},{"label":"High","value":"4.04","className":"is-ohlc","compact":true},{"label":"Low","value":"4.00","className":"is-ohlc","compact":true},{"label":"Close","value":"4.00","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.31","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.00","className":"is-ohlc","compact":true},{"label":"High","value":"4.05","className":"is-ohlc","compact":true},{"label":"Low","value":"4.00","className":"is-ohlc","compact":true},{"label":"Close","value":"4.05","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.48","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.09","className":"is-ohlc","compact":true},{"label":"High","value":"4.10","className":"is-ohlc","compact":true},{"label":"Low","value":"4.00","className":"is-ohlc","compact":true},{"label":"Close","value":"4.00","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.62","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.06","className":"is-ohlc","compact":true},{"label":"High","value":"4.09","className":"is-ohlc","compact":true},{"label":"Low","value":"3.95","className":"is-ohlc","compact":true},{"label":"Close","value":"4.03","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.60","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.96","className":"is-ohlc","compact":true},{"label":"High","value":"4.01","className":"is-ohlc","compact":true},{"label":"Low","value":"3.96","className":"is-ohlc","compact":true},{"label":"Close","value":"4.01","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.61","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.96","className":"is-ohlc","compact":true},{"label":"High","value":"4.03","className":"is-ohlc","compact":true},{"label":"Low","value":"3.95","className":"is-ohlc","compact":true},{"label":"Close","value":"3.96","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.54","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"4.05","className":"is-ohlc","compact":true},{"label":"High","value":"4.05","className":"is-ohlc","compact":true},{"label":"Low","value":"3.90","className":"is-ohlc","compact":true},{"label":"Close","value":"4.00","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.56","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"3.95","className":"is-ohlc","compact":true},{"label":"High","value":"4.00","className":"is-ohlc","compact":true},{"label":"Low","value":"3.90","className":"is-ohlc","compact":true},{"label":"Close","value":"3.95","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.46","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"3.92","className":"is-ohlc","compact":true},{"label":"High","value":"3.98","className":"is-ohlc","compact":true},{"label":"Low","value":"3.85","className":"is-ohlc","compact":true},{"label":"Close","value":"3.91","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.34","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"3.90","className":"is-ohlc","compact":true},{"label":"High","value":"4.00","className":"is-ohlc","compact":true},{"label":"Low","value":"3.90","className":"is-ohlc","compact":true},{"label":"Close","value":"3.98","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.32","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[3.9016,4.0584],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.316633,"state":"Positive but weakening over four weeks","context":{"scenario":"positiveWeakening","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"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":"Distribution rollover","detail":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","annotations":[{"label":"Current tape relationship","value":"Distribution rollover","detail":"Market Dynamics eased this week but remains positive.","tone":"negative"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","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":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-21","observations":26,"relationship":{"sameWeekCorrelation":0.35,"forwardCorrelation":-0.08,"directionalAgreement":40.0,"sample":5,"correlationSample":25,"label":"Meaningful relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"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,"averageReturn":1.7,"sample":1},{"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":1.0,"medianWeeksInZone":1,"averageWeeksToLower":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"medianReturn":-2.2,"averageReturn":-2.2,"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":-1.2,"sample":1},{"week":2,"averageReturn":-0.5,"sample":1},{"week":3,"averageReturn":-0.9,"sample":1},{"week":4,"averageReturn":-2.2,"sample":1},{"week":5,"averageReturn":-1.2,"sample":1},{"week":6,"averageReturn":-2.5,"sample":1},{"week":7,"averageReturn":-3.5,"sample":1},{"week":8,"averageReturn":-1.9,"sample":1},{"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":5,"completedEpisodes":2,"activeEpisodes":3,"medianExpectedMove":1.2,"averageExpectedMove":1.2,"averageWeeksToLargestMove":2.0,"horizons":[{"weeks":4,"sample":3,"expectedCount":1,"expectedPercent":33.3,"averageReturn":-2.1,"medianReturn":-1.0,"confidenceLow":6.1,"confidenceHigh":79.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-3.6,"medianReturn":-3.6,"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":-0.3,"sample":4},{"week":2,"averageReturn":-0.7,"sample":4},{"week":3,"averageReturn":-0.4,"sample":4},{"week":4,"averageReturn":-2.1,"sample":3},{"week":5,"averageReturn":-2.0,"sample":3},{"week":6,"averageReturn":-2.9,"sample":3},{"week":7,"averageReturn":-3.2,"sample":3},{"week":8,"averageReturn":-3.8,"sample":3},{"week":9,"averageReturn":-3.3,"sample":3},{"week":10,"averageReturn":-1.6,"sample":3},{"week":11,"averageReturn":-5.1,"sample":2},{"week":12,"averageReturn":-3.6,"sample":2},{"week":13,"averageReturn":-3.2,"sample":2},{"week":14,"averageReturn":-4.4,"sample":2},{"week":15,"averageReturn":-3.6,"sample":2},{"week":16,"averageReturn":-4.4,"sample":2},{"week":17,"averageReturn":-5.5,"sample":2},{"week":18,"averageReturn":-4.2,"sample":2},{"week":19,"averageReturn":-4.8,"sample":1},{"week":20,"averageReturn":-5.8,"sample":1},{"week":21,"averageReturn":-4.2,"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":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}]},"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":4,"completedEpisodes":2,"activeEpisodes":2,"medianExpectedMove":1.3,"averageExpectedMove":1.3,"averageWeeksToLargestMove":1.5,"horizons":[{"weeks":4,"sample":3,"expectedCount":1,"expectedPercent":33.3,"averageReturn":-2.1,"medianReturn":-1.5,"confidenceLow":6.1,"confidenceHigh":79.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":0,"expectedPercent":0.0,"averageReturn":-2.0,"medianReturn":-2.0,"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":-0.6,"sample":4},{"week":2,"averageReturn":-0.2,"sample":4},{"week":3,"averageReturn":-2.9,"sample":3},{"week":4,"averageReturn":-2.1,"sample":3},{"week":5,"averageReturn":-3.9,"sample":2},{"week":6,"averageReturn":-5.0,"sample":2},{"week":7,"averageReturn":-5.2,"sample":2},{"week":8,"averageReturn":-3.9,"sample":2},{"week":9,"averageReturn":-2.2,"sample":2},{"week":10,"averageReturn":-4.0,"sample":2},{"week":11,"averageReturn":-2.4,"sample":2},{"week":12,"averageReturn":-2.0,"sample":2},{"week":13,"averageReturn":-3.3,"sample":2},{"week":14,"averageReturn":-2.4,"sample":2},{"week":15,"averageReturn":-3.2,"sample":2},{"week":16,"averageReturn":-4.4,"sample":2},{"week":17,"averageReturn":-3.1,"sample":2},{"week":18,"averageReturn":-4.1,"sample":1},{"week":19,"averageReturn":-5.1,"sample":1},{"week":20,"averageReturn":-3.5,"sample":1},{"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":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,"averageReturn":-1.2,"sample":1},{"week":2,"averageReturn":-2.2,"sample":1},{"week":3,"averageReturn":-0.6,"sample":1},{"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":"Rollover warning","tone":"negative","headline":"Price has moved below distribution as Market Dynamics weakened","use":"The upward trend may still be visible, but this transition increases downside risk. Further price weakness would confirm the rollover.","confirm":"Further price weakness with weak Market Dynamics would confirm the rollover.","invalidate":"A recovery in both price and Market Dynamics would remove the rollover warning.","level":"positive","direction":"weakening","zone":"middle","zoneContext":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price has moved below distribution","detail":"Price left the upper zone as Market Dynamics weakened."}},"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":"A recovery in both price and Market Dynamics would remove the rollover warning."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-07-31","price":4.0}],"reversal_dangers":[{"date":"2026-08-07","price":3.95}]}},"smTape":{"available":true,"dates":["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":[4.2,4.1005,4.1005,4.1005,4.13,4.129,4.12,4.1495,4.12,4.078,4.179,4.11,4.06,4.0005,3.82,3.9,3.905,4.0,3.9,3.9,3.9,3.95,3.95,3.92,3.905,3.99,3.91,4.0,4.0,4.05,4.0,4.03,4.015,3.96,4.0,3.95,3.91,3.975],"consensus":[0.0,-72.3343,-57.0292,-24.4429,0.0,0.0,0.0,0.0,9.4595,-10.8106,16.6924,-12.5817,-17.3124,-17.5024,-41.9204,-9.2832,-15.8689,0.0,-12.5737,-15.1653,-15.8004,0.0,0.0,-11.1605,-15.2309,18.7239,-17.1213,12.8299,0.0,26.8255,-9.5747,9.2106,15.4986,-18.6329,0.0,-13.0904,-20.4364,18.5136],"supportDates":["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,0.0,0.0,0.0,19.1652,-13.7646,22.556,-17.4842,-24.8941,-21.0479,-43.0868,-3.5231,-17.561,0.0,-18.3177,-23.6053,-24.7597,0.0,0.0,-17.9079,-23.9576,16.9196,-24.1667,12.6367,0.0,36.1329,-22.8118,9.1695,23.2901,-22.479,0.0,-12.1392,-16.3463,20.1566],"force":[0.0,-72.3343,-57.0292,-24.4429,0.0,0.0,0.0,0.0,10.256,-11.951,22.6242,-16.413,-16.8282,-16.5935,-43.7282,-3.9235,-11.3369,0.0,-12.9772,-10.4952,-11.9397,0.0,0.0,-11.2184,-15.1191,37.8866,-18.8835,13.4866,0.0,24.2477,-20.1327,5.4583,13.8242,-22.1945,0.0,-14.4408,-25.2393,38.0175],"direction":[null,null,null,null,0.0,0.0,0.0,0.0,2.2015,-6.6199,5.7541,-4.2422,-8.9933,-14.0998,-39.2961,-25.2995,-17.1724,0.0,-5.7209,-8.8554,-8.319,0.0,0.0,-3.4079,-5.3375,7.0984,-7.8108,12.5816,0.0,18.0297,-13.0949,11.9378,7.7902,-11.6932,0.0,-13.2129,-21.6803,2.7046],"intensity":[null,null,null,null,75.0,80.0,50.0,28.5714,62.5,33.3333,90.0,63.6364,75.0,92.3077,92.8571,60.0,68.75,76.4706,77.7778,21.0526,5.0,38.0952,36.3636,39.1304,12.5,68.0,61.5385,85.1852,17.8571,41.3793,43.3333,45.1613,53.125,48.4848,47.0588,42.8571,52.7778,56.7568],"confirmation":[1.5238,45.8136,40.916,30.4884,25.0242,1.2462,0.3816,47.433,48.7064,48.7825,50.7663,49.4015,73.4097,73.5191,81.4519,26.1596,72.9142,48.2783,49.2817,72.582,72.802,1.2393,24.5599,48.8036,50.0708,51.9365,50.7585,72.1285,3.9301,76.3638,28.6442,48.167,50.1231,74.0125,25.1242,72.2446,74.7484,51.8271],"persistence":[null,null,66.6667,75.0,60.0,50.0,42.8571,37.5,25.0,25.0,0.0,0.0,12.5,25.0,37.5,50.0,75.0,62.5,87.5,87.5,87.5,75.0,62.5,62.5,62.5,50.0,50.0,25.0,12.5,0.0,12.5,12.5,37.5,12.5,25.0,0.0,12.5,12.5],"assessmentRisk":[null,null,null,null,44.9524,30.4561,23.1111,38.6581,17.4658,38.3851,33.2082,26.1974,32.97,36.9779,29.0386,45.1377,40.9736,3.7794,44.9612,7.5827,4.6538,27.8939,30.8727,19.1533,11.1597,15.1859,15.6264,36.8286,47.9134,25.0172,50.9854,23.1254,7.2678,37.7756,3.5988,38.8733,37.8879,3.8778],"volumeParticipation":true,"latest":{"consensus":18.5,"control":20.2,"force":38.0,"direction":2.7,"confirmation":51.8,"persistence":12.5,"assessmentRisk":3.9,"intensity":56.8,"evidenceDepth":100},"analysis":{"status":"Market Dynamics 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":"Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Broadly stable","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+18.5","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+20.2","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+38.0","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+2.7","detail":"Follow-through is limited","tone":"positive"},{"label":"SM Confirmation Gauge","value":"52/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"42.1","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"4.4%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"15.3","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"50%","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 is rotating through its trend references.","series":[{"label":"Close","values":[4.2,4.1005,4.1005,4.1005,4.13,4.129,4.12,4.1495,4.12,4.078,4.179,4.11,4.06,4.0005,3.82,3.9,3.905,4.0,3.9,3.9,3.9,3.95,3.95,3.92,3.905,3.99,3.91,4.0,4.0,4.05,4.0,4.03,4.015,3.96,4.0,3.95,3.91,3.975],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,4.1505,4.1466,4.1417,4.1431,4.1389,4.1279,4.1372,4.1322,4.1191,4.0975,4.0471,4.0203,3.9994,3.9995,3.9814,3.9666,3.9545,3.9537,3.953,3.947,3.9394,3.9486,3.9416,3.9522,3.9609,3.9771,3.9812,3.9901,3.9946,3.9883,3.9905,3.9831,3.9698,3.9708],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,4.1482,4.1372,4.1137,4.0979,4.0836,4.0774,4.0643,4.0521,4.0408,4.0341,4.0279,4.0199,4.0114,4.0098,4.0024,4.0022,4.0021,4.0056,4.0052,4.007,4.0076,4.0041,4.0038,3.9998,3.9932,3.9918],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,4.1869,4.1971,4.1934,4.1947,4.2069,4.2652,4.2721,4.2738,4.2668,4.2664,4.2646,4.2475,4.2409,4.2331,4.225,4.2112,4.1958,4.1795,4.1569,4.1389,4.1343,4.0955,4.0776,4.069,4.0649,4.0589,4.0578,4.0575,4.0548],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,4.0587,4.0588,4.0595,4.0479,4.0185,3.9211,3.89,3.8677,3.8669,3.8496,3.8357,3.8227,3.8143,3.807,3.7971,3.7884,3.7899,3.7852,3.7929,3.7989,3.8007,3.8215,3.8315,3.8356,3.8356,3.8596,3.8657,3.8665,3.8667],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":"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,12.2132,12.3254,11.7368,11.2504,10.4665,10.2428,9.7035,9.1936,8.6096,8.2659,7.9165,7.5256,7.054,6.8486,6.377,5.984,5.5762,5.4212,5.2446,5.0127,4.8546,4.7306,4.6201,4.5715,4.3552],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,3.1104,3.3503,3.2445,3.5625,4.5816,8.4072,9.3626,9.9749,9.8332,10.2703,10.5909,10.5275,10.5901,10.6,10.6686,10.5709,10.1647,9.9026,9.1583,8.5667,8.4091,6.9218,6.2226,5.9066,5.8069,5.0344,4.8481,4.8191,4.7511],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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":"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,27.3014,13.5982,72.4214,40.3074,30.2295,18.7347,25.2394,43.8993,18.4731,16.0547,24.617,34.1919,60.393,36.9655,9.7623,79.9065,37.7638,93.473,234.5738,2.8148,6.9948,13.1624,27.6538,9.0725,15.5287,11.2094,23.19,81.7002,23.9245,104.6174,87.9729],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,72.9249,69.3625,65.0,71.8997,67.0337,65.0,65.0,65.0,66.8511,68.3798,70.6241,67.6168,67.6168,67.6168,68.0101,68.0101,66.6626,65.0,73.3657,73.275,73.4865,73.4865,74.1782,73.9734,74.2987,74.0743,73.6356,75.0582,74.658,72.8919,74.3467],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"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,21.5985,20.6812,19.3983,18.5297,18.67,17.6524,16.7076,16.035,15.4348,14.8774,15.3542,15.3131],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,2.5762,2.4824,2.3711,2.294,2.2352,2.1753,2.1322,2.0897,2.0458,3.0725,3.0018,2.9434,3.9958,3.8999,4.0816,5.0835,5.4775,6.9441,6.6155,6.4512,6.6429,6.2668,6.0338,5.7203,6.3095],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,2.896,4.7628,5.4464,5.2693,5.1344,5.8907,5.774,5.659,5.5401,5.3583,5.235,5.1332,4.9769,4.9908,4.865,4.8142,4.738,4.582,6.0549,5.9045,5.74,7.3024,7.0308,8.8635,8.4978],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,-0.0243,-0.0323,-0.0526,-0.0616,-0.0675,-0.0638,-0.0681,-0.0708,-0.072,-0.0682,-0.0644,-0.0631,-0.0626,-0.0546,-0.0542,-0.046,-0.0391,-0.0293,-0.0252,-0.0194,-0.0158,-0.0171,-0.0148,-0.0168,-0.0214,-0.0196],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.0433,-0.0474,-0.0516,-0.0554,-0.0587,-0.0606,-0.0614,-0.0617,-0.0619,-0.0604,-0.0592,-0.0566,-0.0531,-0.0483,-0.0437,-0.0388,-0.0342,-0.0308,-0.0276,-0.0255,-0.0246,-0.0236],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.0242,-0.0164,-0.0166,-0.0153,-0.0133,-0.0076,-0.003,-0.0014,-0.0007,0.0058,0.005,0.0105,0.0139,0.019,0.0185,0.0195,0.0185,0.0137,0.0128,0.0086,0.0032,0.0041],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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 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,-2.369,-2.369,-2.369,-1.6667,-1.6905,-1.9048,-1.2024,-1.9048,-2.9048,-0.5,-2.1429,-3.3333,-4.75,-9.0476,-7.1429,-7.0238,-4.7619,-7.1429,-7.1429,-7.1429,-5.9524,-5.9524,-6.6667,-7.0238,-5.0,-6.9048,-4.7619,-4.7619,-3.5714,-4.7619,-4.0476,-4.4048,-5.7143,-4.7619,-5.9524,-6.9048,-5.3571],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,1.195,0.4756,0.0,2.4767,0.7847,0.0,0.0,0.0,2.0942,2.2251,4.712,2.0942,2.0942,2.0942,3.4031,3.4031,2.6178,2.2251,4.4503,2.356,4.712,4.712,6.0209,4.712,5.4974,5.1047,3.6649,4.712,3.4031,2.356,4.0576],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/f613dd92-8963-4dcb-b9df-45bc1ac8e37c/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/f613dd92-8963-4dcb-b9df-45bc1ac8e37c/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/f613dd92-8963-4dcb-b9df-45bc1ac8e37c/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/f613dd92-8963-4dcb-b9df-45bc1ac8e37c/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/f613dd92-8963-4dcb-b9df-45bc1ac8e37c/technical-pack/data.json"},"source_fingerprint":"9dbcfe403f88b515e447cf3cac2f50275b6c5da71b240913c28b91fdb7b9c195","content_hash":"e78ae0f3086189ed909e29611edd88c4afb5e714136ba1a04138d65a371d4c4f","citation":"Sharemaestro, ALKLN Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/f613dd92-8963-4dcb-b9df-45bc1ac8e37c/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."}