{"schema_version":"1.0","name":"MEL Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"f96b9b77-963f-403f-893d-3dc06383566e","symbol":"MEL","name":"Metgasco Limited","exchange":"ASX","country":"AU","asset_type":"equity","currency":"AUD","sector":"Energy","industry":"Oil & Gas E&P"},"summary":"Market Dynamics paused slightly this week and remains positive. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. 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adverse"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":6.2,"sample":25},{"week":2,"averageReturn":5.1,"sample":25},{"week":3,"averageReturn":1.6,"sample":25},{"week":4,"averageReturn":-0.7,"sample":25},{"week":5,"averageReturn":-3.3,"sample":25},{"week":6,"averageReturn":-7.2,"sample":25},{"week":7,"averageReturn":-9.4,"sample":24},{"week":8,"averageReturn":-6.4,"sample":24},{"week":9,"averageReturn":-12.1,"sample":24},{"week":10,"averageReturn":-8.1,"sample":23},{"week":11,"averageReturn":-16.7,"sample":23},{"week":12,"averageReturn":-14.3,"sample":22},{"week":13,"averageReturn":-20.6,"sample":22},{"week":14,"averageReturn":-22.6,"sample":21},{"week":15,"averageReturn":-23.8,"sample":21},{"week":16,"averageReturn":-22.5,"sample":21},{"week":17,"averageReturn":-25.4,"sample":21},{"week":18,"averageReturn":-24.1,"sample":21},{"week":19,"averageReturn":-26.5,"sample":21},{"week":20,"averageReturn":-26.8,"sample":21},{"week":21,"averageReturn":-26.2,"sample":21},{"week":22,"averageReturn":-30.6,"sample":20},{"week":23,"averageReturn":-27.3,"sample":20},{"week":24,"averageReturn":-33.1,"sample":20},{"week":25,"averageReturn":-32.1,"sample":20},{"week":26,"averageReturn":-37.4,"sample":20}]}},"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":"Countertrend conflict","tone":"caution","headline":"Market Dynamics is positive while price remains rotational","use":"Treat the improvement as context until price establishes a clear response.","confirm":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"weakening","zone":"accumulation","zoneContext":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":13.6,"averageReturn":-14.3,"sample":22},"nowContext":{"label":"Slightly easier this week","detail":"Market Dynamics paused slightly this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"priceContext":{"label":"Price remains downward while Market Dynamics is positive","detail":"The positive Market Dynamics reading has not yet reversed the downward price structure."}},"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":"Early repair watch","title":"Prepare the case before price confirms the recovery","tone":"recovery","approach":"Use the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.","finding":"In this ticker's completed record, 13.6% of comparable cases moved higher after 12 weeks, with an average move of -14.3% across 22 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 0.0% of completed 12-week outcomes were higher across 1 cases.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 21.2% across 22 completed cases, with the largest move arriving after 2.2 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"distribution_rollovers":[],"price_pressure_gaps":[]}},"smTape":{"available":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","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"],"close":[0.1398,0.1864,0.1864,0.1398,0.1864,0.1398,0.1864,0.2563,0.233,0.233,0.233,0.233,0.233,0.233,0.1864,0.233,0.1864,0.1864,0.1864,0.233,0.1864,0.1864,0.1864,0.233,0.233,0.1864,0.233,0.1864,0.1864,0.1631,0.1398,0.1398,0.1398,0.1398,0.1398,0.1398,0.1398,0.1398,0.1,0.15,0.1,0.1,0.1,0.1,0.1,0.125,0.125,0.1,0.1,0.15,0.15,0.15,0.15,0.1,0.1,0.125,0.1,0.15,0.125,0.1,0.125,0.125,0.1,0.1,0.1,0.05,0.035,0.028,0.03,0.028,0.026,0.027,0.028,0.028,0.029,0.028,0.026,0.023,0.024,0.022,0.021,0.021,0.018,0.02,0.02,0.018,0.016,0.014,0.014,0.014,0.015,0.014,0.013,0.014,0.014,0.013,0.014,0.012,0.012,0.012,0.012,0.011,0.013,0.01],"consensus":[-65.5182,26.7216,11.4141,-37.8957,34.2041,-49.5824,23.9189,58.7081,0.0,25.4469,12.6868,0.0,12.4617,11.7869,-54.1427,37.1876,-45.1015,-19.461,-10.9648,41.4003,-45.6847,-15.0145,-20.7819,50.6416,34.6277,-33.0494,46.2233,-35.7876,0.0,-13.6135,-47.0353,-33.8424,-26.5584,-23.0857,-21.3756,-14.9333,-13.9232,0.0,-61.5806,35.6316,-59.7911,-28.254,-19.5924,-34.5395,-19.5496,35.5175,12.5937,-44.526,-12.1828,60.2625,27.3651,28.218,26.5317,-46.2645,-30.3171,27.9284,-31.6697,59.8092,-14.2009,-39.4487,24.7931,0.0,-35.4609,-10.6825,-28.1801,-71.7492,-61.0729,-53.1578,-22.4426,-39.3688,-30.9652,-11.8953,-9.7244,-10.1332,0.0,-15.9795,-21.5568,-32.3968,0.0,-35.5146,-22.016,-8.4527,-37.2376,-14.6098,0.0,-30.8516,-31.6677,-38.5523,-30.1222,-27.3814,0.0,-24.7181,-27.4938,0.0,-8.3099,-12.9058,0.0,-21.6843,-24.7598,-9.8813,-10.9856,-30.9135,20.7182,-38.717],"supportDates":["2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","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"],"control":[19.3027,-39.9279,-31.5848,34.4289,-30.8685,53.9138,-19.9458,-44.4827,21.3006,0.0,-27.5194,-13.9129,-31.4359,-71.1689,-59.5685,-53.0701,-6.8896,-40.0289,-31.6182,-5.4992,-3.1623,-4.6187,0.0,-16.9566,-25.6202,-36.3829,0.0,-48.2675,-25.006,-6.85,-50.9312,-23.1504,0.0,-45.5268,-48.0884,-50.4525,-40.5549,-38.199,0.0,-40.99,-44.2644,0.0,-13.695,-19.8035,0.0,-25.7631,-38.773,-15.7206,-14.6762,-42.8818,21.1434,-53.6821],"force":[20.813,-70.3858,-20.801,69.1271,-28.1447,94.6686,-45.2931,-47.411,43.0081,0.0,-60.6008,-0.0,-26.5811,-95.4874,-66.5806,-42.3425,-5.5433,-18.9917,-8.7005,-14.7719,-17.0046,-11.6,0.0,-1.0346,-5.9325,-26.7119,0.0,-22.5781,-8.5141,-7.1854,-26.4197,-3.787,0.0,-23.3641,-21.9342,-33.157,-17.4941,-17.4986,0.0,-19.3691,-19.9081,0.0,-1.5761,-6.5627,0.0,-24.8889,-18.0613,-2.1278,-4.3635,-38.8229,32.6884,-42.7276],"direction":[38.878,-36.2769,-35.6656,8.9286,-35.1033,41.6473,-14.5734,-28.0082,15.7738,0.0,-26.5797,-14.6209,-25.6013,-55.4567,-58.8583,-60.9831,-60.2073,-53.1695,-46.1223,-38.2531,-36.3161,-31.9592,0.0,-25.5378,-28.073,-31.9018,0.0,-30.1801,-28.2432,-21.4544,-29.3147,-17.9896,0.0,-19.4283,-19.8536,-28.8059,-27.2192,-22.0774,0.0,-9.9424,-13.7456,0.0,-6.9652,-9.5535,0.0,-14.7337,-13.5294,-8.746,-11.4979,-11.5859,11.6821,-18.7494],"intensity":[23.0769,98.0769,42.3077,44.2308,46.1538,98.0769,48.0769,50.0,50.0,25.0,100.0,25.0,53.8462,100.0,100.0,25.0,25.0,25.0,26.9231,23.0769,25.0,25.0,26.9231,25.0,30.7692,34.6154,25.0,28.8462,30.7692,42.3077,38.4615,32.6923,46.1538,34.6154,32.6923,26.9231,23.0769,13.4615,42.3077,26.9231,32.6923,28.8462,28.8462,30.7692,32.6923,40.3846,13.4615,15.3846,11.5385,48.0769,61.5385,61.5385],"confirmation":[76.426,83.6363,77.3922,34.665,78.0391,88.2912,31.18,80.7895,76.5421,25.4355,80.2347,48.3769,76.9193,91.692,87.7341,84.6822,30.4149,79.9669,77.2204,6.2426,6.0248,5.139,4.9245,49.9764,51.6934,78.133,4.5692,78.7761,74.5881,26.4522,79.3777,50.1255,2.7724,77.4207,77.5868,79.991,77.0953,76.296,26.9689,75.4988,76.3113,25.2906,25.0385,49.1648,24.6463,74.9745,75.5055,48.1701,48.5907,77.951,74.9881,44.64],"persistence":[50.0,25.0,0.0,25.0,25.0,25.0,0.0,25.0,25.0,12.5,12.5,37.5,37.5,62.5,62.5,62.5,87.5,100.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,75.0,75.0,75.0,75.0,87.5,87.5,75.0,75.0,87.5,87.5,87.5,87.5,75.0,75.0,87.5,75.0,75.0,75.0,62.5,62.5,75.0,75.0,75.0,87.5,62.5,62.5],"assessmentRisk":[35.6995,25.8331,33.8068,53.8251,32.6334,17.5391,42.9491,15.5077,22.8355,31.2453,19.801,5.3412,23.4413,13.6201,18.8201,23.0492,38.4612,16.6848,7.8813,3.0726,1.0863,5.0666,12.1207,11.6697,3.4301,1.5942,37.5064,31.6782,38.8345,40.5476,31.3518,35.1223,27.5909,32.6469,27.2105,30.697,34.9068,35.843,32.2601,12.359,18.1773,2.3432,26.6225,27.4497,36.2536,36.1981,35.1967,33.3267,43.5436,24.9742,26.2484,26.4985],"volumeParticipation":true,"latest":{"consensus":-38.7,"control":-53.7,"force":-42.7,"direction":-18.7,"confirmation":44.6,"persistence":62.5,"assessmentRisk":26.5,"intensity":61.5,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":true},"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":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-38.7","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-53.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-42.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-18.7","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"45/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"31.3","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"43.3%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"12.7","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"12%","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 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