{"schema_version":"1.0","name":"0139P0 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"fc084ff4-342f-4fbf-a252-187570dd80a9","symbol":"0139P0","name":"Kim Ace High Dividend Etf","exchange":"KSC","country":"KR","asset_type":"etf","currency":"KRW","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. The broader path has not changed enough to establish a new direction. Price structure remains rotational.","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, Activity pressure and cumulative balance, Range pressure and compression, Drawdown and recovery pressure, Directional strength and control."},{"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":36,"displayedObservations":36,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. The broader path has not changed enough to establish a new direction. Price structure remains rotational.","evidenceAlignment":{"status":"Negative pressure; price rotational","headline":"Market Dynamics is negative while price has no clear direction","summary":"Market Dynamics improved this week but remains below zero. The broader path has not changed enough to establish a new direction. Price structure remains rotational.","take":"The underlying condition is weak, but a negative price response is still required.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[-0.717711,-0.980627,-1.028474,-1.058054,-1.053599,-1.072752,-1.063347,-1.03642],"opens":[13264.962923,13284.880387,13738.000331,13583.640278,13523.888908,13050.0,13580.0,13880.0],"highs":[13653.351477,13957.091351,14081.574823,13688.207012,13742.979892,13575.0,13900.0,13900.0],"lows":[13180.314135,13284.880387,13185.293529,12966.202762,12249.177592,12900.0,13315.0,13100.0],"closes":[13618.496094,13718.083008,13792.773438,13484.053711,13240.0,13490.0,13880.0,13325.0],"hoverRows":[[{"label":"Open","value":"13,265","className":"is-ohlc","compact":true},{"label":"High","value":"13,653","className":"is-ohlc","compact":true},{"label":"Low","value":"13,180","className":"is-ohlc","compact":true},{"label":"Close","value":"13,618","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.72","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13,285","className":"is-ohlc","compact":true},{"label":"High","value":"13,957","className":"is-ohlc","compact":true},{"label":"Low","value":"13,285","className":"is-ohlc","compact":true},{"label":"Close","value":"13,718","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.98","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13,738","className":"is-ohlc","compact":true},{"label":"High","value":"14,082","className":"is-ohlc","compact":true},{"label":"Low","value":"13,185","className":"is-ohlc","compact":true},{"label":"Close","value":"13,793","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.03","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13,584","className":"is-ohlc","compact":true},{"label":"High","value":"13,688","className":"is-ohlc","compact":true},{"label":"Low","value":"12,966","className":"is-ohlc","compact":true},{"label":"Close","value":"13,484","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.06","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13,524","className":"is-ohlc","compact":true},{"label":"High","value":"13,743","className":"is-ohlc","compact":true},{"label":"Low","value":"12,249","className":"is-ohlc","compact":true},{"label":"Close","value":"13,240","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.05","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13,050","className":"is-ohlc","compact":true},{"label":"High","value":"13,575","className":"is-ohlc","compact":true},{"label":"Low","value":"12,900","className":"is-ohlc","compact":true},{"label":"Close","value":"13,490","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.07","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13,580","className":"is-ohlc","compact":true},{"label":"High","value":"13,900","className":"is-ohlc","compact":true},{"label":"Low","value":"13,315","className":"is-ohlc","compact":true},{"label":"Close","value":"13,880","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.06","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"13,880","className":"is-ohlc","compact":true},{"label":"High","value":"13,900","className":"is-ohlc","compact":true},{"label":"Low","value":"13,100","className":"is-ohlc","compact":true},{"label":"Close","value":"13,325","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.04","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[13201.6,13918.4],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-1.03642,"state":"Negative and broadly steady","context":{"scenario":"negativeSteady","latestDirection":"slight strengthening","fourWeekDirection":"steady","now":{"label":"Slightly stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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":"Negative and broadly steady","detail":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","annotations":[{"label":"Current tape relationship","value":"Negative and broadly steady","detail":"Market Dynamics improved this week but remains below zero.","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":"Supported","detail":"The broader path has not changed enough to establish a new direction.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":24,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-12-19","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":[10804.5039,10789.7764,10767.1514,10914.7129,11554.1504,12237.8574,12838.4746,12828.6025,14304.46,15370.6299,15023.5703,13632.5908,13385.085,14008.7988,13474.1865,12912.0166,13850.6221,14228.0498,14223.084,13939.3037,14772.6855,14584.1826,14385.7588,13727.6543,13951.7188,14125.9902,13832.2178,12396.5664,13618.4961,13718.083,13792.7734,13484.0537,13240.0,13490.0,13880.0,13325.0],"consensus":[81.3955,-72.973,11.1118,0.0,80.2112,79.1896,78.7787,49.507,85.6216,81.1979,24.127,0.0,0.0,38.6971,-16.3077,-34.9935,49.0905,41.7184,22.4857,0.0,55.1043,10.6126,12.3724,-29.4317,-8.8086,0.0,-20.6514,-51.5803,17.4705,0.0,0.0,0.0,-18.17,0.0,23.4692,-27.0947],"supportDates":["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,88.55,87.157,42.4666,88.1976,83.2578,9.4971,0.0,0.0,57.1521,-3.6984,-27.1068,52.4709,50.8065,19.1435,0.0,59.0045,6.6819,13.4061,-32.0643,-2.0556,0.0,-18.8573,-52.662,33.7581,0.0,0.0,0.0,-14.3335,0.0,33.0679,-31.7887],"force":[81.3955,-72.973,11.1118,0.0,54.2007,55.5915,53.4387,13.908,76.7425,64.5805,37.257,0.0,0.0,45.5432,-45.1595,-52.2803,71.4453,42.2172,5.1054,0.0,59.8018,13.9577,0.4439,-47.1147,-9.2567,0.0,-24.8837,-41.4393,37.8327,0.0,0.0,0.0,-14.085,0.0,30.4088,-33.3777],"direction":[null,null,null,null,98.7901,85.3478,87.3036,82.9812,89.0198,90.7134,84.6926,0.0,0.0,12.7156,-10.1099,-31.6592,29.2596,30.9758,38.7198,0.0,47.2917,32.6552,19.7114,-13.7923,-16.2061,0.0,-19.6788,-57.5875,15.6884,0.0,0.0,0.0,-25.4724,0.0,7.5424,-17.2422],"intensity":[null,null,null,null,100.0,100.0,83.3333,57.1429,100.0,100.0,50.0,100.0,75.0,46.1538,42.8571,46.6667,81.25,70.5882,27.7778,26.3158,75.0,28.5714,72.7273,60.8696,25.0,20.0,34.6154,96.2963,85.7143,24.1379,6.6667,41.9355,68.75,57.5758,41.1765,48.5714],"confirmation":[48.7132,46.018,26.2225,0.0,69.8119,92.4789,92.3093,82.8646,95.0891,93.4455,36.6877,37.4291,2.6743,80.3105,51.6232,79.8449,84.3387,81.2266,52.05,29.7487,85.7171,5.6848,48.9132,77.9169,48.2686,1.5009,74.7648,84.1801,31.9764,26.2404,24.588,24.4031,73.7484,28.1228,52.9087,76.7903],"persistence":[null,null,33.3333,25.0,40.0,50.0,57.1429,62.5,62.5,87.5,87.5,87.5,75.0,75.0,50.0,25.0,25.0,25.0,25.0,25.0,37.5,37.5,62.5,62.5,37.5,25.0,0.0,12.5,12.5,25.0,37.5,25.0,25.0,25.0,0.0,0.0],"assessmentRisk":[null,null,null,null,9.5109,10.3958,10.6105,25.246,7.1879,9.4007,37.906,42.5458,42.881,67.3945,40.4821,19.7124,2.2376,7.0087,26.5343,43.8597,13.8295,18.6207,6.7528,1.4704,41.7171,35.4319,30.3705,22.9958,31.483,29.6639,5.3209,47.792,18.0119,22.495,4.4079,0.7001],"volumeParticipation":true,"latest":{"consensus":-27.1,"control":-31.8,"force":-33.4,"direction":-17.2,"confirmation":76.8,"persistence":0.0,"assessmentRisk":0.7,"intensity":48.6,"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":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-27.1","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-31.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-33.4","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-17.2","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"77/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"49.0","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"6.7%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"16.7","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"33%","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":[10804.5039,10789.7764,10767.1514,10914.7129,11554.1504,12237.8574,12838.4746,12828.6025,14304.46,15370.6299,15023.5703,13632.5908,13385.085,14008.7988,13474.1865,12912.0166,13850.6221,14228.0498,14223.084,13939.3037,14772.6855,14584.1826,14385.7588,13727.6543,13951.7188,14125.9902,13832.2178,12396.5664,13618.4961,13718.083,13792.7734,13484.0537,13240.0,13490.0,13880.0,13325.0],"stroke":"#10243b","width":2.1},{"label":"Fast 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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 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