{"schema_version":"1.0","name":"BMW Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"fcc7605d-5fb9-44be-9203-d0fbe670188e","symbol":"BMW","name":"BMW CDR (CAD HEDGED)","exchange":"TOR","country":"CA","asset_type":"etf","currency":"CAD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","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, Drawdown and recovery pressure, Activity pressure and cumulative balance, Range pressure and compression, Range position and boundary 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":"2026-08-14","observations":43,"displayedObservations":43,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price structure remains downward.","take":"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.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[-0.400004,-0.491347,-0.509861,-0.39217,-0.588267,-0.803917,-1.075788,-1.418034,-1.584237,-1.789087,-1.795097,-1.777002,-1.623062,-1.473187,-1.319387],"opens":[21.671952,23.081434,22.459999,22.73,20.99,20.25,18.0,17.629999,18.120001,17.5,17.42,17.52,17.129999,18.030001,17.799999],"highs":[23.649009,23.128733,22.52,23.26,20.99,20.25,18.0,17.66,18.120001,17.5,17.58,17.530001,18.629999,18.030001,17.959999],"lows":[21.567896,22.5,22.120001,22.66,20.99,20.1,18.0,17.629999,18.120001,17.5,17.299999,17.059999,17.129999,17.59,17.709999],"closes":[23.261166,22.5,22.459999,22.76,20.99,20.190001,18.0,17.66,18.120001,17.5,17.5,17.139999,17.969999,17.59,17.950001],"hoverRows":[[{"label":"Open","value":"21.7","className":"is-ohlc","compact":true},{"label":"High","value":"23.6","className":"is-ohlc","compact":true},{"label":"Low","value":"21.6","className":"is-ohlc","compact":true},{"label":"Close","value":"23.3","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"-1.62","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"18.0","className":"is-ohlc","compact":true},{"label":"High","value":"18.0","className":"is-ohlc","compact":true},{"label":"Low","value":"17.6","className":"is-ohlc","compact":true},{"label":"Close","value":"17.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.47","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.8","className":"is-ohlc","compact":true},{"label":"High","value":"18.0","className":"is-ohlc","compact":true},{"label":"Low","value":"17.7","className":"is-ohlc","compact":true},{"label":"Close","value":"18.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-1.32","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":[16.772729,23.628436],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-1.319387,"state":"Negative but repairing over four weeks","context":{"scenario":"negativeRepair","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened 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":"Accumulation repair watch","detail":"Price is within accumulation conditions while Market Dynamics is improving. A green marker is required before the recovery is treated as confirmed.","tone":"caution"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Price is within accumulation conditions while Market Dynamics is improving. A green marker is required before the recovery is treated as confirmed.","annotations":[{"label":"Current tape relationship","value":"Accumulation repair watch","detail":"Market Dynamics improved this week but remains below zero.","tone":"caution"},{"label":"Price location","value":"Accumulation zone","detail":"Price is being tested for a confirmed recovery through the lower zone.","tone":"caution"},{"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":"Repairing","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":15,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-10-24","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":[22.9585,23.0341,24.595,25.3139,24.2639,25.0963,26.3639,27.4329,26.4112,26.2977,27.2437,26.3923,25.6166,24.9355,25.1247,24.9166,25.2382,25.5693,25.3896,23.1949,23.2044,21.8895,22.1922,22.6747,23.6868,23.9328,22.8544,22.4003,23.2612,22.5,22.46,22.76,20.99,20.19,18.0,17.66,18.12,17.5,17.5,17.14,17.97,17.59,17.95],"consensus":[-56.5212,-100.0,100.0,38.8941,38.448,72.772,79.3135,72.4147,9.451,23.8191,72.2032,-26.5317,-26.7343,-38.009,0.0,-37.0853,0.0,0.0,0.0,-76.6256,-20.4329,-77.2925,-19.436,0.0,31.8979,25.5943,-49.6485,-41.2546,22.1951,-60.86,-16.2877,0.0,-52.5242,-56.5563,-59.1919,-39.1383,-35.3374,-52.4358,-31.8984,-62.3809,0.0,-51.5034,-1.9985],"supportDates":["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":[null,null,null,null,null,82.1443,90.0212,60.5389,18.03,3.1842,77.4828,-21.2071,-24.9056,-30.3623,0.0,-29.5589,0.0,0.0,0.0,-72.2853,-1.7855,-86.3579,-6.8318,0.0,31.392,19.121,-59.2539,-37.3375,27.5841,-58.1607,-9.1116,0.0,-53.5573,-45.5696,-58.6664,-21.9623,-26.069,-48.7213,-25.066,-63.4304,0.0,-66.3288,-3.2933],"force":[-56.5212,-100.0,100.0,38.8941,30.5703,52.017,56.5533,72.1696,40.8067,11.317,58.8205,-93.5602,-42.9991,-31.0419,0.0,-33.3779,0.0,0.0,0.0,-99.0491,-13.2031,-68.8474,-31.1444,0.0,85.3816,50.3599,-75.7528,-45.2909,73.1672,-84.5284,-0.4579,0.0,-38.9628,-61.5334,-39.8559,-15.4137,-2.8914,-27.7007,-0.9711,-59.0497,0.0,-43.2066,-37.0805],"direction":[null,null,null,null,87.7468,76.8857,83.3333,86.1622,76.7561,72.499,75.7286,-15.2605,-17.2066,-51.7246,0.0,-48.3352,0.0,0.0,0.0,-65.5692,-65.77,-72.9643,-69.9696,0.0,5.7266,15.3026,-20.0252,-42.8481,20.3723,-47.0388,-35.796,0.0,-61.0303,-65.5575,-73.604,-75.714,-73.2361,-74.3488,-63.185,-63.5609,0.0,-40.4864,-24.5397],"intensity":[null,null,null,null,50.0,40.0,66.6667,100.0,37.5,33.3333,40.0,27.2727,75.0,46.1538,14.2857,20.0,12.5,23.5294,22.2222,100.0,90.0,76.1905,22.7273,26.087,58.3333,16.0,69.2308,70.3704,50.0,44.8276,26.6667,32.2581,100.0,42.4242,97.0588,8.5714,13.8889,29.7297,5.2632,10.2564,72.5,26.8293,11.9048],"confirmation":[40.7535,54.6667,54.6667,35.1128,18.9307,90.5117,92.5235,91.3462,37.1299,9.28,90.6167,36.5363,77.0785,80.0671,31.8721,79.869,28.2483,25.2491,48.1272,93.2697,8.6143,92.3381,11.5142,36.6496,58.4,77.0436,84.5367,81.3842,35.5865,88.2376,50.1723,28.3602,84.3787,86.4171,86.3601,80.0629,56.2343,84.0822,54.8504,87.8444,12.0836,84.0023,14.9241],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,50.0,75.0,100.0,100.0,75.0,50.0,25.0,12.5,12.5,25.0,37.5,50.0,50.0,50.0,50.0,62.5,50.0,37.5,25.0,37.5,37.5,12.5,12.5,12.5,12.5,37.5,62.5,62.5,62.5,87.5,87.5,87.5,100.0,87.5,87.5,75.0],"assessmentRisk":[null,null,null,null,24.7031,12.7182,8.7419,13.2457,44.2519,31.5772,2.1426,27.5142,21.5017,26.1116,48.0884,28.7244,23.2888,30.916,21.0924,10.0268,39.3122,11.3453,40.2478,30.9123,10.5103,36.5637,57.7746,4.7489,33.5281,15.7779,12.9991,20.1397,23.3543,21.3364,20.3961,30.4292,32.1274,23.6167,11.0814,2.8619,8.8956,31.3133,23.8282],"volumeParticipation":true,"latest":{"consensus":-2.0,"control":-3.3,"force":-37.1,"direction":-24.5,"confirmation":14.9,"persistence":75.0,"assessmentRisk":23.8,"intensity":11.9,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-2.0","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-3.3","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-37.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-24.5","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"15/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"34.2","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"4.7%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"25.2","detail":"Directional","tone":"positive"},{"label":"Range position","value":"10%","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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