{"schema_version":"1.0","name":"491630 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"ff76c1e5-9693-4a3a-80d0-113ef316f712","symbol":"491630","name":"KB Rise Us Semiconductor Inverse 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, Directional strength and control, 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":34,"displayedObservations":34,"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":["2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[-0.21197,-0.27266,-0.15991,-0.05215,-0.01018,0.054208],"opens":[5095.0,5715.0,5305.0,5515.0,5340.0,5110.0],"highs":[5420.0,5715.0,6145.0,5610.0,5465.0,5470.0],"lows":[4965.0,5180.0,5270.0,5180.0,5110.0,5010.0],"closes":[5330.0,5305.0,5335.0,5335.0,5110.0,5390.0],"hoverRows":[[{"label":"Open","value":"5,095","className":"is-ohlc","compact":true},{"label":"High","value":"5,420","className":"is-ohlc","compact":true},{"label":"Low","value":"4,965","className":"is-ohlc","compact":true},{"label":"Close","value":"5,330","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5,715","className":"is-ohlc","compact":true},{"label":"High","value":"5,715","className":"is-ohlc","compact":true},{"label":"Low","value":"5,180","className":"is-ohlc","compact":true},{"label":"Close","value":"5,305","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5,305","className":"is-ohlc","compact":true},{"label":"High","value":"6,145","className":"is-ohlc","compact":true},{"label":"Low","value":"5,270","className":"is-ohlc","compact":true},{"label":"Close","value":"5,335","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5,515","className":"is-ohlc","compact":true},{"label":"High","value":"5,610","className":"is-ohlc","compact":true},{"label":"Low","value":"5,180","className":"is-ohlc","compact":true},{"label":"Close","value":"5,335","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5,340","className":"is-ohlc","compact":true},{"label":"High","value":"5,465","className":"is-ohlc","compact":true},{"label":"Low","value":"5,110","className":"is-ohlc","compact":true},{"label":"Close","value":"5,110","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5,110","className":"is-ohlc","compact":true},{"label":"High","value":"5,470","className":"is-ohlc","compact":true},{"label":"Low","value":"5,010","className":"is-ohlc","compact":true},{"label":"Close","value":"5,390","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[5093.2,5406.8],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"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":"Zone progression","detail":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","tone":"neutral"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics strengthened this week and remains positive.","tone":"neutral"},{"label":"Price location","value":"Upper positioning zone","detail":"Price is in the area labelled as the distribution zone on the chart. With limited Market Dynamics history, the label describes location and extension only.","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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-21","observations":26,"relationship":{"sameWeekCorrelation":-0.07,"forwardCorrelation":-0.27,"directionalAgreement":50.0,"sample":2,"correlationSample":25,"label":"Variable relationship"},"accumulation":{"label":"Accumulation","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"averageWeeksInZone":1.0,"medianWeeksInZone":1,"averageWeeksToHigher":1.0,"expectedExitPercent":100.0,"horizons":[{"weeks":4,"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":"positive","direction":"strengthening","zone":"distribution","zoneContext":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"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":["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":[11610.0,10950.0,10340.0,9945.0,9760.0,10360.0,9785.0,9635.0,9690.0,9995.0,10195.0,9940.0,10100.0,9955.0,8765.0,8185.0,7380.0,7325.0,6505.0,6400.0,6095.0,5400.0,5125.0,5190.0,4755.0,4715.0,4960.0,5050.0,5330.0,5305.0,5335.0,5335.0,5110.0,5390.0],"consensus":[-15.5556,-19.0083,-77.1429,-43.0693,-72.5902,-10.3188,-53.3649,-37.436,-17.3168,0.0,0.0,-28.1454,9.9238,-30.6464,-81.9324,-79.8836,-82.9935,-41.8686,-81.3166,-36.8524,-71.0941,-83.8972,-64.5067,-27.5666,-54.2906,-41.9214,-22.7508,-20.0309,13.0425,-22.6288,-11.1032,-13.6195,-40.8528,-13.1817],"supportDates":["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,-14.3098,-50.331,-29.0668,-8.6484,0.0,0.0,-36.9586,1.8684,-28.0484,-76.6477,-74.9804,-86.5293,-32.3671,-80.7052,-17.2695,-66.7253,-85.2693,-70.1683,-9.748,-50.4545,-36.1703,-21.1542,-14.5996,0.8664,-40.4145,-20.8223,-26.3147,-54.7194,-14.681],"force":[-15.5556,-19.0083,-77.1429,-43.0693,-34.3791,-28.3978,-29.6176,-8.1709,-17.3927,0.0,0.0,-34.017,31.508,-45.1757,-97.6052,-87.5331,-93.862,-15.2193,-90.9186,-15.1776,-73.2492,-91.1904,-37.4208,-10.6621,-30.8315,-9.8895,-19.6997,-12.5919,74.9291,-9.2156,-1.7235,-2.6617,-34.4123,-32.4183],"direction":[null,null,null,null,-99.8839,-66.1204,-73.7945,-67.9045,-52.016,0.0,0.0,-13.8792,3.7129,-23.2374,-76.7772,-80.0232,-71.1893,-71.7627,-75.1567,-74.7147,-74.5478,-77.1197,-77.3834,-75.237,-75.4313,-71.3742,-54.8972,-49.5402,17.2469,-11.8831,-9.1576,-6.9376,-29.6056,-2.2722],"intensity":[null,null,null,null,25.0,60.0,83.3333,14.2857,12.5,77.7778,50.0,81.8182,8.3333,84.6154,100.0,93.3333,81.25,41.1765,88.8889,89.4737,20.0,71.4286,68.1818,8.6957,33.3333,4.0,26.9231,7.4074,28.5714,24.1379,43.3333,48.3871,18.75,24.2424],"confirmation":[27.6444,28.7493,47.3524,36.4488,66.8154,34.275,84.3993,79.2152,30.9928,9.9805,3.7066,77.0512,26.6228,78.2892,94.7765,93.8706,94.8353,80.7306,94.3233,79.4306,90.8824,95.0485,87.7304,32.869,84.7165,80.5263,32.8801,30.8514,9.9245,74.5614,48.715,26.4975,80.6653,50.5996],"persistence":[null,null,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,75.0,75.0,50.0,50.0,50.0,50.0,50.0,62.5,75.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,75.0,75.0,75.0,50.0],"assessmentRisk":[null,null,null,null,13.7049,37.8007,16.1006,13.4402,0.0933,32.1587,37.3126,46.8642,34.5923,9.8906,8.8728,10.0223,8.5023,29.0642,9.3381,31.5458,14.1807,8.0362,17.6483,36.0306,22.7627,26.7682,8.1774,9.3605,39.4842,58.8128,46.4997,46.5227,13.5481,8.3227],"volumeParticipation":true,"latest":{"consensus":-13.2,"control":-14.7,"force":-32.4,"direction":-2.3,"confirmation":50.6,"persistence":50.0,"assessmentRisk":8.3,"intensity":24.2,"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 easing","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-13.2","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-14.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-32.4","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-2.3","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"51/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"22.9","detail":"Stretched negative","tone":"negative"},{"label":"Risk pressure","value":"9.4%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"32.9","detail":"Directional","tone":"positive"},{"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 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trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,10655.1828,10603.3174,10467.1458,10298.0979,10081.9425,9877.7246,9627.8931,9388.7899,9144.8055,8867.4125,8590.1967,8338.3303,8072.8984,7824.1652,7612.0048,7422.2267,7267.2469,7121.8953,6989.5327,6866.9747,6736.8285,6637.0634],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,11414.8924,11357.61,11296.1732,11247.0209,11198.5704,11288.6976,11443.114,11686.1764,11817.6633,12023.6891,12150.218,12008.9186,12002.3285,12028.8287,12012.3767,11998.3858,11817.5951,11638.5158,11422.2286,11133.4687,10734.3498,10219.5422,9681.3371,8991.0931,8170.8157],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower 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momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of 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491630 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/ff76c1e5-9693-4a3a-80d0-113ef316f712/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."}