{"schema_version":"1.0","name":"SAGE Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"047b660c-95e5-491f-ac9f-99e28ce2f598","symbol":"SAGE","name":"SCHRODER GLOBAL EQUITY ACTIVE U","exchange":"MIL","country":"IT","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Market Dynamics eased this week but remains positive. 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, Activity pressure and cumulative balance, Range pressure and compression, Directional strength and control, Range position and boundary pressure, Directional pressure and rotation."},{"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":46,"displayedObservations":46,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","evidenceAlignment":{"status":"Price ahead of underlying support","headline":"The upward price response is leading Market Dynamics","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","take":"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.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[0.376839,0.549709,0.838047,1.131442,1.280376,1.55739,1.477298,1.381962,1.291145,1.249762,1.189941,1.065778,0.955075,0.936098,0.706241,0.671228,0.609406,0.489781],"opens":[9.313,9.375,9.45,9.609,9.665,9.923,9.899,9.856,10.066,9.962,10.112,9.998,10.018,10.018,10.118,10.082,10.324,10.356],"highs":[9.352,9.375,9.663,9.773,9.878,9.934,10.01,9.88,10.066,9.98,10.136,9.998,10.038,10.146,10.142,10.356,10.406,10.356],"lows":[9.29,9.336,9.449,9.609,9.649,9.904,9.887,9.827,10.066,9.962,10.112,9.998,9.984,10.018,9.895,10.074,10.324,10.1],"closes":[9.375,9.336,9.614,9.753,9.871,9.904,9.93,9.88,10.066,9.98,10.136,9.998,10.038,10.096,9.977,10.332,10.352,10.134],"hoverRows":[[{"label":"Open","value":"9.31","className":"is-ohlc","compact":true},{"label":"High","value":"9.35","className":"is-ohlc","compact":true},{"label":"Low","value":"9.29","className":"is-ohlc","compact":true},{"label":"Close","value":"9.38","className":"is-ohlc","compact":true},{"label":"Market 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easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.4","className":"is-ohlc","compact":true},{"label":"High","value":"10.4","className":"is-ohlc","compact":true},{"label":"Low","value":"10.1","className":"is-ohlc","compact":true},{"label":"Close","value":"10.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.49","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[9.27504,10.41296],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.489781,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"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."}},"diagnosis":{"label":"Price response ahead of support","detail":"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.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"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.","annotations":[{"label":"Current tape relationship","value":"Price response ahead of support","detail":"Market Dynamics eased this week but remains positive.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"8 May 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Lagging price","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":18,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-05-08","price":9.614}],"reversal_warnings":[{"date":"2026-05-08","price":9.614}],"reversal_dangers":[{"date":"2026-07-17","price":10.038}]}},"smTape":{"available":true,"dates":["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":[8.638,8.676,8.75,8.981,8.708,8.842,8.65,8.896,8.895,8.847,8.851,8.851,8.925,9.06,9.167,9.167,8.97,8.97,9.105,9.091,9.108,9.121,8.929,8.721,8.737,8.841,9.088,9.347,9.375,9.336,9.614,9.753,9.871,9.904,9.93,9.88,10.066,9.98,10.136,9.998,10.038,10.096,9.977,10.332,10.352,10.134],"consensus":[-100.0,21.9512,30.8642,58.0,0.0,55.3014,-48.5237,52.0711,41.3165,0.0,34.828,10.6806,55.2913,76.3183,84.1122,44.9497,0.0,0.0,57.7967,14.304,46.2922,42.2859,-24.8881,-68.459,-38.0059,10.7217,60.9111,78.8566,61.2241,12.9646,79.3033,79.9843,82.3093,38.7984,47.8074,39.77,56.3582,39.3669,67.3364,21.4211,42.3633,51.0441,-16.0145,75.7848,38.3564,19.2909],"supportDates":["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,null,null,49.5981,-47.4542,61.5888,35.4476,0.0,27.613,18.0553,66.7301,82.4146,85.1041,35.6126,0.0,0.0,73.8646,22.8771,49.821,44.4513,-15.2358,-64.4365,-38.1977,23.0556,57.038,82.8516,66.0868,1.1262,79.2709,79.6648,82.89,18.5761,36.5594,50.9792,55.6723,45.5291,77.698,14.5446,60.8099,51.5405,-13.1243,81.6027,32.6841,22.5654],"force":[-100.0,21.9512,30.8642,58.0,0.0,44.9688,-49.7769,72.8839,13.7101,0.0,20.7918,4.8067,45.1553,64.9895,86.3269,10.4254,0.0,0.0,78.1965,4.958,36.3484,29.0483,-17.4049,-82.0568,-2.6336,71.5321,95.6896,98.3817,50.3135,37.3499,91.4401,88.4749,90.2375,18.2598,27.5199,15.3172,35.5739,1.8154,47.9164,15.8477,20.3712,45.09,-53.6636,85.9979,14.7594,79.6923],"direction":[null,null,null,null,0.0,69.1999,-48.8508,26.3275,67.7427,0.0,53.0995,13.3147,49.4583,77.4431,81.3966,80.2809,0.0,0.0,24.8621,18.2648,49.362,49.2666,-41.2645,-63.3434,-63.0525,46.8102,40.4958,60.3442,63.46,62.433,70.6711,74.2848,75.9827,76.5799,75.1532,66.3075,71.9882,59.147,69.3659,55.9005,36.99,54.7297,-7.5746,61.8409,61.6941,27.5953],"intensity":[null,null,null,null,100.0,60.0,66.6667,85.7143,62.5,11.1111,30.0,27.2727,25.0,61.5385,42.8571,46.6667,87.5,5.8824,61.1111,15.7895,45.0,4.7619,81.8182,78.2609,70.8333,36.0,96.1538,96.2963,71.4286,10.3448,100.0,58.0645,43.75,90.9091,23.5294,48.5714,80.5556,32.4324,57.8947,53.8462,5.0,39.0244,45.2381,100.0,88.6364,75.5556],"confirmation":[54.6667,29.6911,32.5432,41.2267,11.5865,85.4685,83.5821,85.152,80.4694,30.5625,78.8271,49.1922,85.21,91.9837,94.9683,81.474,7.39,24.749,86.8718,50.2507,82.4567,81.0951,75.8832,90.3826,56.4143,37.7491,88.6105,93.7683,87.1851,10.7636,93.7474,93.8586,94.5718,80.0977,82.8515,36.8111,85.4117,56.6924,88.7979,31.8712,80.6049,84.1451,53.2653,92.4737,79.6413,44.5176],"persistence":[null,null,33.3333,50.0,40.0,50.0,28.5714,37.5,62.5,50.0,50.0,50.0,62.5,62.5,87.5,87.5,75.0,75.0,75.0,75.0,75.0,75.0,50.0,25.0,12.5,25.0,25.0,25.0,25.0,25.0,50.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,75.0,50.0],"assessmentRisk":[null,null,null,null,16.943,9.9302,1.231,47.4763,18.9164,2.4989,25.3639,19.8826,17.4218,7.0896,6.7368,26.321,16.668,32.3156,52.6885,38.3567,23.2596,26.2104,34.7113,15.6111,30.8387,54.5328,11.5078,10.5536,19.3726,43.459,10.2655,9.5882,8.7212,30.5545,24.7301,17.2144,19.1877,8.8128,13.3348,25.9982,33.2766,13.0625,35.3727,11.4643,30.0144,22.3668],"volumeParticipation":true,"latest":{"consensus":19.3,"control":22.6,"force":79.7,"direction":27.6,"confirmation":44.5,"persistence":50.0,"assessmentRisk":22.4,"intensity":75.6,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+19.3","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+22.6","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+79.7","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+27.6","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"45/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"63.5","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"1.6%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"33.2","detail":"Directional","tone":"positive"},{"label":"Range position","value":"85%","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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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}