{"schema_version":"1.0","name":"0144M0 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"f769bd18-b8f7-4cce-9ff3-20a1c0c9473b","symbol":"0144M0","name":"Samsung Kodex US Drone Urban Air Mobility Top10 ETF","exchange":"KSC","country":"KR","asset_type":"etf","currency":"KRW","sector":null,"industry":null},"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, Acceleration, deceleration and rollover, Drawdown and recovery pressure, Activity pressure and cumulative balance, Range pressure and compression, Range position and boundary 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":35,"displayedObservations":35,"assetType":"ETF","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":["2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[-0.27863,-0.407972,-0.463997,-0.542905,-0.523596,-0.459183,-0.442482],"opens":[7907.463275,7707.95181,7201.874259,7513.306399,7360.0,8410.0,8440.0],"highs":[7946.392325,7790.67604,7659.290346,7523.038615,8310.0,8725.0,8440.0],"lows":[7844.203569,7362.456457,7119.150028,6865.0,7325.0,8350.0,7660.0],"closes":[7887.99875,7615.495151,7552.235616,7215.0,8235.0,8555.0,7715.0],"hoverRows":[[{"label":"Open","value":"7,907","className":"is-ohlc","compact":true},{"label":"High","value":"7,946","className":"is-ohlc","compact":true},{"label":"Low","value":"7,844","className":"is-ohlc","compact":true},{"label":"Close","value":"7,888","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed 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Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics improved this week but remains below zero.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough 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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":"middle","zoneContext":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Slightly 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":["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":[10035.2158,9610.4189,11134.6924,11954.3018,11344.5918,9940.2617,8715.8447,8990.7139,9920.2705,9395.5215,9215.6064,9020.7002,8990.7139,8301.043,8111.1333,8141.1191,8815.7979,8336.0264,7935.0,8735.0,9095.0,9220.0,10450.0,9825.0,9050.0,8995.0,8087.5103,8583.8555,7887.9987,7615.4952,7552.2356,7215.0,8235.0,8555.0,7715.0],"consensus":[-60.6838,-16.129,88.6957,55.8716,41.107,-36.7529,-65.5637,-42.4801,11.7198,-37.6911,-27.039,-32.5402,-34.4768,-62.253,-31.1767,-42.4655,17.5504,-42.1101,-47.1997,30.7505,19.0531,35.4619,76.7039,13.7308,-25.2747,-16.45,-58.7176,0.0,-46.3453,-39.3319,-21.7262,-46.6555,30.0258,27.6125,-40.5364],"supportDates":["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,-52.7877,-68.1579,-40.6344,33.2794,-33.8084,-42.7899,-40.7359,-29.6789,-64.0465,-15.4293,-40.5805,28.6774,-54.3472,-57.9874,29.0622,12.8162,36.1579,78.2506,1.1311,-39.5552,-22.5854,-70.704,0.0,-48.9768,-36.1956,-13.1969,-44.1796,35.6899,23.2744,-54.1039],"force":[-60.6838,-16.129,88.6957,55.8716,24.1663,-39.5495,-48.7937,-9.9633,35.8574,-37.9698,-18.4133,-19.6489,-14.0261,-50.5663,-3.8507,-14.844,50.2625,-44.0251,-40.7917,63.5102,27.6336,35.4781,95.5073,15.103,-34.0849,-15.2361,-51.6025,0.0,-34.9371,-21.3533,-3.5737,-33.4867,58.1538,34.4884,-49.4477],"direction":[null,null,null,null,87.7307,-16.4299,-74.5773,-67.8158,30.161,-41.9293,-15.1993,-32.3818,-54.5677,-68.5509,-68.6924,-64.3495,18.5321,-26.757,-39.4479,9.2801,20.0521,34.6549,61.5052,48.7259,-2.6609,-10.3052,-50.101,0.0,-51.4867,-55.7581,-49.5453,-58.8913,3.4611,27.6589,-18.6654],"intensity":[null,null,null,null,25.0,80.0,83.3333,14.2857,50.0,11.1111,10.0,18.1818,25.0,53.8462,50.0,26.6667,56.25,23.5294,22.2222,73.6842,80.0,14.2857,81.8182,47.8261,66.6667,4.0,73.0769,29.6296,60.7143,27.5862,13.3333,22.5806,84.375,84.8485,70.5882],"confirmation":[42.0855,27.8279,51.0493,40.5456,17.9035,79.6018,88.4298,80.6308,33.2584,80.1288,76.1496,77.8951,78.4824,87.5375,54.7171,80.7759,33.0637,81.3471,82.7442,78.8643,74.4535,79.3377,93.0947,6.9291,53.4721,73.1335,86.3901,6.1158,82.4427,80.0861,52.407,82.5661,55.7125,77.1116,55.0],"persistence":[null,null,33.3333,0.0,20.0,0.0,14.2857,25.0,0.0,0.0,25.0,50.0,75.0,75.0,75.0,75.0,75.0,75.0,75.0,50.0,25.0,0.0,25.0,50.0,25.0,25.0,25.0,12.5,12.5,37.5,62.5,87.5,62.5,37.5,37.5],"assessmentRisk":[null,null,null,null,24.5468,33.5795,16.1912,28.5009,50.4247,6.963,38.6178,18.0048,23.2014,12.5718,28.3332,22.3177,22.0927,23.8023,7.9308,26.0196,15.5359,30.59,11.6406,41.1543,8.8819,9.7434,20.5923,45.2798,23.9342,29.0748,23.945,25.4773,9.5389,31.0683,32.0923],"volumeParticipation":true,"latest":{"consensus":-40.5,"control":-54.1,"force":-49.4,"direction":-18.7,"confirmation":55.0,"persistence":37.5,"assessmentRisk":32.1,"intensity":70.6,"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":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-40.5","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-54.1","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-49.4","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-18.7","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":"40.2","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"9.1%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"26.0","detail":"Directional","tone":"positive"},{"label":"Range position","value":"24%","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":[10035.2158,9610.4189,11134.6924,11954.3018,11344.5918,9940.2617,8715.8447,8990.7139,9920.2705,9395.5215,9215.6064,9020.7002,8990.7139,8301.043,8111.1333,8141.1191,8815.7979,8336.0264,7935.0,8735.0,9095.0,9220.0,10450.0,9825.0,9050.0,8995.0,8087.5103,8583.8555,7887.9987,7615.4952,7552.2356,7215.0,8235.0,8555.0,7715.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,10650.2859,10521.1906,10192.9459,9974.3583,9964.5241,9861.0691,9743.7123,9612.2555,9499.2479,9281.3925,9068.6181,8899.9819,8884.6757,8784.9213,8630.3902,8649.4101,8730.4265,8819.4398,9115.9053,9244.8316,9209.4077,9170.4245,8973.531,8902.6809,8718.1932,8517.7027,8342.1632,8137.2244,8155.0018,8227.7288,8134.5054],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,9821.7318,9709.0882,9590.7212,9483.3432,9433.8954,9352.5718,9247.5665,9209.5986,9201.1098,9202.5091,9294.9158,9334.1813,9313.1308,9289.5656,9200.5245,9154.8453,9061.0048,8953.93,8850.1008,8728.9822,8692.3909,8682.2138,8610.5684],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,12104.4087,11997.789,11909.7581,11825.8949,11807.8519,11791.526,11753.2795,11672.1319,11613.5129,11581.0003,11510.7251,11441.4678,11416.8791,11282.0184,10782.4427,10318.0415,10199.2889,10222.1384,10210.2231,10094.8548,10075.8524,10063.282,10088.486,10042.3817,10052.1715,10063.0765],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,8103.9579,8049.0182,7969.9318,7907.7749,7702.1333,7499.2779,7349.4891,7344.0971,7272.4841,7146.26,7153.6723,7128.9079,7114.4547,7180.8462,7467.4917,7702.4337,7726.6601,7640.9773,7612.2067,7524.3478,7365.3476,7211.5809,7005.8069,6976.3398,6991.9457,6941.4274],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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,-246.9758,-330.2881,-406.9467,-459.9773,-442.463,-461.9711,-503.9813,-467.3342,-404.5784,-340.8286,-188.8785,-117.5344,-122.1219,-128.7119,-204.8005,-222.4857,-289.3161,-360.1172,-416.5307,-482.8844,-448.0005,-390.0373,-407.1882],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-349.1609,-371.723,-398.1746,-412.0065,-410.5209,-396.5825,-355.0417,-307.5402,-270.4565,-242.1076,-234.6462,-232.2141,-243.6345,-266.931,-296.851,-334.0577,-356.8462,-363.4844,-372.2252],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-93.3021,-90.2481,-105.8066,-55.3276,5.9425,55.7538,166.1631,190.0058,148.3347,113.3957,29.8457,9.7284,-45.6816,-93.1862,-119.6797,-148.8268,-91.1543,-26.5529,-34.963],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,-4.2331,0.0,0.0,-5.1003,-16.8478,-27.0903,-24.791,-17.0151,-21.4047,-22.9097,-24.5401,-24.791,-30.5602,-32.1488,-31.898,-26.2542,-30.2676,-33.6222,-26.9301,-23.9186,-22.873,-12.5838,-17.812,-24.295,-24.7551,-32.3464,-28.1944,-34.0154,-36.2949,-36.8241,-39.6452,-31.1127,-28.4358,-35.4626],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,3.1537,13.8188,7.7982,5.7339,3.4977,3.1537,0.0,0.0,0.3697,8.6876,2.7726,0.0,10.0819,14.6188,16.1941,31.695,23.8185,14.0517,13.3585,1.922,8.1771,0.0,0.0,0.0,0.0,14.1372,18.5724,6.93],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,97.7448,38.0946,82.6027,67.338,57.4668,33.7664,54.4485,36.0725,42.2813,55.6407,65.9039,59.9649,69.3651,105.4728,53.7581,138.5394,11.8501,9.2622,8.2438,9.5253,5.6403,6.6518,15.4803,35.8064,53.2915,31.9443,41.038,19.9242],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,92.3911,100.6457,83.0863,69.2246,65.0,65.0,65.0,65.0,68.8253,73.7235,68.0359,65.0,70.4477,78.5899,82.555,92.7048,91.9364,91.3894,90.9567,90.4916,90.7348,90.4612,89.8896,88.6728,86.9718,87.9553,89.1393,88.5909],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical 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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,8.9151,9.1147,8.735,8.0694,8.3653,8.6608,8.0457,7.7447,7.4736,6.9773,7.3673,8.0465,7.6842,8.7417,8.0772,8.8317,8.9872,8.926,9.3562,8.5616,8.0618,9.1296],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,39.592,39.3955,39.6367,39.71,42.0884,44.5005,46.1063,45.5194,45.9709,47.3613,46.6884,46.4456,46.434,44.4262,36.3284,29.0293,27.5871,28.8993,29.1545,29.1785,31.0816,33.0156,36.0668,36.0314,35.9095,36.7156],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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":"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 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