{"schema_version":"1.0","name":"404A Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"faf496b4-bb52-4369-a64d-acc85d7234e7","symbol":"404A","name":"GLOBAL X JAPAN CO LTD GLOBAL X","exchange":"JPX","country":"JP","asset_type":"etf","currency":"JPY","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","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, Directional strength and control, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, 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":54,"displayedObservations":54,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics weakened this week and remains below zero. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":2,"completedEpisodes":0,"activeEpisodes":2,"horizons":[{"weeks":4,"sample":2,"expectedCount":1,"expectedPercent":50.0,"averageReturn":-0.2,"medianReturn":-0.2,"confidenceLow":9.5,"confidenceHigh":90.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough 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Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":11.5,"averageExpectedMove":11.5,"averageWeeksToLargestMove":9.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-6.2,"medianReturn":-6.2,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-8.1,"medianReturn":-8.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.0,"sample":1},{"week":2,"averageReturn":-5.5,"sample":1},{"week":3,"averageReturn":-1.7,"sample":1},{"week":4,"averageReturn":-6.2,"sample":1},{"week":5,"averageReturn":-7.9,"sample":1},{"week":6,"averageReturn":-3.9,"sample":1},{"week":7,"averageReturn":-9.7,"sample":1},{"week":8,"averageReturn":-7.1,"sample":1},{"week":9,"averageReturn":-11.5,"sample":1},{"week":10,"averageReturn":-10.9,"sample":1},{"week":11,"averageReturn":-9.2,"sample":1},{"week":12,"averageReturn":-8.1,"sample":1},{"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":"Price ahead of underlying support","tone":"caution","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"Treat the gap as an early-downside risk watch. Stronger Market Dynamics would confirm the price move; a weaker price response would confirm that the gap is closing through correction.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":0.0,"averageReturn":32.6,"sample":1},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"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."}},"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":"In this ticker's completed record, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 32.6% across 1 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, 100.0% of completed 12-week outcomes were higher across 2 cases. Distinct visits lasted 1.5 weeks on average before leaving the zone.","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 unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 2.7% across 1 completed cases, with the largest move arriving after 1.0 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-04-24","price":1257.0}],"reversal_warnings":[{"date":"2026-05-29","price":1450.0}],"reversal_dangers":[{"date":"2026-06-12","price":1370.0}]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[1000.0,1059.0,1103.0,1074.0,1151.0,1201.0,1270.0,1280.0,1268.0,1152.0,1223.0,1222.0,1204.0,1213.0,1142.0,1170.0,1181.0,1166.0,1119.0,1136.0,1147.0,1172.0,1198.0,1181.0,1131.0,1085.0,1081.0,1073.0,1068.0,1037.0,1077.0,1082.0,1075.0,1046.0,1165.0,1250.0,1257.0,1272.0,1322.0,1346.0,1364.0,1450.0,1435.0,1370.0,1425.0,1360.0,1336.0,1393.0,1310.0,1347.0,1283.0,1292.0,1316.0,1332.0],"consensus":[0.0,100.0,70.0,-8.3333,82.1418,59.7137,75.5666,50.4417,24.6351,-40.8965,42.2693,0.0,0.0,27.4242,-51.4821,0.0,0.0,-20.1643,-37.5102,-9.5095,0.0,12.9239,20.9495,0.0,-33.2526,-47.7639,-39.5091,-38.7085,-35.8451,-41.9064,10.7548,-8.5387,0.0,-29.4186,61.7864,68.9778,42.4861,51.7787,55.8769,41.5786,47.8433,72.4632,20.1853,10.7822,49.3975,-20.1845,0.0,19.2627,-36.543,9.7505,-46.7891,-10.3731,0.0,6.4627],"supportDates":["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","2026-08-21"],"control":[null,null,null,53.2512,81.0284,35.1683,5.3796,-37.2235,58.8799,0.0,0.0,21.6961,-45.4004,0.0,0.0,-15.0804,-41.5384,-1.7309,0.0,17.6256,15.1703,0.0,-37.2528,-47.6186,-37.3467,-35.2468,-34.0466,-39.6043,17.6849,-10.0312,0.0,-37.6881,56.2421,73.0532,41.0342,55.1871,58.1301,32.4563,44.9456,67.7511,2.0172,3.866,54.3188,-22.8828,0.0,15.7555,-36.4158,10.4976,-40.0827,-1.6856,0.0,9.0022],"force":[70.0,-8.3333,57.15,33.0388,49.8442,30.776,17.7054,-85.9176,46.0556,0.0,0.0,13.9053,-73.3262,0.0,0.0,-27.6493,-35.2388,-6.7718,0.0,18.5087,15.2325,0.0,-36.1963,-41.5365,-23.5566,-23.3236,-18.528,-30.2096,47.2672,-1.3628,0.0,-23.5528,97.1706,76.9703,19.9136,32.1452,38.0387,24.5037,29.4425,83.5913,14.5644,21.231,34.0638,-50.9945,0.0,7.8636,-51.0067,19.605,-80.7778,-5.8366,0.0,15.9395],"direction":[null,null,99.993,86.1528,87.6977,81.9441,76.8846,-12.9364,20.5812,0.0,0.0,43.627,-42.8296,0.0,0.0,-20.6282,-34.5291,-30.0288,0.0,3.5614,31.6379,0.0,-26.5782,-52.3783,-53.3751,-53.6539,-50.2698,-52.8923,23.2455,-13.9055,0.0,-24.1575,42.8484,58.6112,60.2685,61.9075,66.0434,64.2005,64.2984,69.8996,65.77,41.5531,54.7257,-4.9065,0.0,31.4131,-26.3571,1.8579,-30.1758,-31.8802,0.0,3.2087],"intensity":[null,null,100.0,100.0,50.0,85.7143,50.0,77.7778,40.0,72.7273,75.0,15.3846,42.8571,6.6667,6.25,11.7647,33.3333,26.3158,10.0,38.0952,36.3636,43.4783,41.6667,44.0,15.3846,11.1111,3.5714,55.1724,36.6667,64.5161,37.5,30.303,94.1176,88.5714,80.5556,18.9189,73.6842,84.6154,20.0,80.4878,66.6667,95.3488,50.0,57.7778,89.1304,70.2128,89.5833,40.8163,54.0,56.8627,32.6923,15.3846],"confirmation":[45.0667,25.3333,70.4762,86.3939,91.3142,83.7748,10.6634,82.5149,81.3884,4.8738,25.7675,76.451,85.2327,27.5492,48.463,74.7582,79.8727,26.7767,27.1266,49.5675,74.6177,24.9955,78.6696,83.0969,80.1897,79.9706,78.9701,81.0887,32.0744,48.0319,25.2423,77.1092,88.9345,90.2544,80.9297,83.9189,85.3026,80.9238,82.7932,91.5992,8.7842,7.1093,83.2649,53.7369,48.0371,51.2034,80.1365,48.7425,84.1105,26.8696,48.5264,34.8019],"persistence":[66.6667,25.0,40.0,50.0,57.1429,62.5,75.0,50.0,50.0,62.5,50.0,50.0,25.0,12.5,0.0,0.0,25.0,37.5,37.5,37.5,12.5,12.5,25.0,25.0,25.0,25.0,37.5,62.5,62.5,75.0,62.5,62.5,37.5,12.5,12.5,37.5,37.5,62.5,75.0,100.0,100.0,100.0,100.0,75.0,62.5,62.5,37.5,37.5,12.5,12.5,25.0,12.5],"assessmentRisk":[null,null,8.8738,20.1027,12.2098,24.7785,37.5156,13.8582,54.7653,37.2851,40.2365,27.5632,19.2105,37.786,22.8257,26.6585,2.9625,27.1213,30.6057,0.0113,38.5244,43.4101,6.986,25.6236,30.172,30.6094,31.3633,26.7484,12.2465,20.5665,16.6603,31.1728,17.5632,15.423,28.7109,24.1067,22.0003,28.1903,25.5278,13.74,39.4449,17.3103,17.4868,36.3402,44.0086,12.6895,30.6836,17.2868,14.0806,42.6858,2.5669,17.0898],"volumeParticipation":true,"latest":{"consensus":6.5,"control":9.0,"force":15.9,"direction":3.2,"confirmation":34.8,"persistence":12.5,"assessmentRisk":17.1,"intensity":15.4,"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 upward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Broadly stable","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+6.5","detail":"Price structure has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+9.0","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+15.9","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+3.2","detail":"Follow-through is limited","tone":"positive"},{"label":"SM Confirmation Gauge","value":"35/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"56.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"6.0%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"20.9","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"65%","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 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404A Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/faf496b4-bb52-4369-a64d-acc85d7234e7/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."}