{"schema_version":"1.0","name":"RKL3 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"065c111e-0792-4011-86f6-8e95134310d1","symbol":"RKL3","name":"Leverage Shares 3x Long Rocket Lab (RKLB) ETP Share Class A","exchange":"LSE","country":"GB","asset_type":"etf","currency":"USD","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, Completed returns and cumulative progression, Range expansion and closing direction, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Activity pressure and cumulative balance."},{"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":17,"displayedObservations":17,"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":["2026-05-01","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":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[9.39092,11.095,18.690001,29.049999,40.77,19.58,20.495001,12.745,5.515,10.04,5.0,2.231,2.56,2.204,1.896,4.201,3.58],"highs":[12.465,16.700001,35.169998,39.98,53.459999,23.715,22.605,14.505,6.13,10.63875,5.055,2.66,3.034,2.41,3.746,4.39,4.007],"lows":[9.39092,9.1,17.440001,22.0,33.189999,17.040001,12.645,11.995,5.31,9.16,4.319,2.066,2.1,1.49,1.777,2.481,2.45],"closes":[10.515,16.684999,29.285,37.040001,38.544998,17.355,13.56,14.505,6.13,10.63875,4.566,2.5545,2.2535,1.846,3.746,3.357,2.6155],"hoverRows":[[{"label":"Open","value":"9.39","className":"is-ohlc","compact":true},{"label":"High","value":"12.5","className":"is-ohlc","compact":true},{"label":"Low","value":"9.39","className":"is-ohlc","compact":true},{"label":"Close","value":"10.5","className":"is-ohlc","compact":true},{"label":"Market 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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":"2.20","className":"is-ohlc","compact":true},{"label":"High","value":"2.41","className":"is-ohlc","compact":true},{"label":"Low","value":"1.49","className":"is-ohlc","compact":true},{"label":"Close","value":"1.85","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":"1.90","className":"is-ohlc","compact":true},{"label":"High","value":"3.75","className":"is-ohlc","compact":true},{"label":"Low","value":"1.78","className":"is-ohlc","compact":true},{"label":"Close","value":"3.75","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":"4.20","className":"is-ohlc","compact":true},{"label":"High","value":"4.39","className":"is-ohlc","compact":true},{"label":"Low","value":"2.48","className":"is-ohlc","compact":true},{"label":"Close","value":"3.36","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":"3.58","className":"is-ohlc","compact":true},{"label":"High","value":"4.01","className":"is-ohlc","compact":true},{"label":"Low","value":"2.45","className":"is-ohlc","compact":true},{"label":"Close","value":"2.62","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":[-0.35594,40.746938],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"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":"Zone progression","detail":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","tone":"neutral"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Accumulation zone","detail":"Price is in the lower accumulation area. With limited Market Dynamics history, the zone describes location rather than a completed positioning signal.","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":false,"observations":17,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-22","price":37.040001}],"reversal_dangers":[{"date":"2026-05-29","price":38.544998}]}},"smTape":{"available":true,"dates":["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":[10.515,16.685,29.285,37.04,38.545,17.355,13.56,14.505,6.13,10.6387,4.566,2.5545,2.2535,1.846,3.746,3.357,2.6155],"consensus":[-26.8672,99.6052,33.6154,39.0323,60.3181,-30.8967,-45.3747,-11.373,-48.6665,0.0,-57.8235,-38.358,-42.7834,-42.1229,0.0,-23.3174,-31.812],"supportDates":["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,-44.3092,-41.6855,-8.8046,-24.8108,0.0,-52.0231,-21.8006,-45.3795,-35.8098,0.0,-27.5125,-44.0505],"force":[-26.8672,99.6052,33.6154,39.0323,5.3921,-35.438,-39.5126,-8.3522,-57.4723,0.0,-57.627,-22.3503,-19.0005,-19.5664,0.0,-9.061,-18.8228],"direction":[null,null,null,null,99.551,-12.3244,-53.7781,-48.5225,-69.6402,0.0,-64.5928,-68.7149,-56.8043,-65.4498,0.0,-28.706,-27.103],"intensity":[null,null,null,null,75.0,100.0,16.6667,57.1429,62.5,22.2222,30.0,9.0909,8.3333,15.3846,21.4286,20.0,25.0],"confirmation":[31.2642,54.5403,33.4236,35.157,39.4576,77.821,82.3975,29.6725,84.2052,31.517,86.5859,80.039,80.9263,80.8881,8.1685,74.9631,55.0],"persistence":[null,null,33.3333,50.0,60.0,33.3333,14.2857,0.0,0.0,12.5,37.5,62.5,87.5,87.5,75.0,75.0,75.0],"assessmentRisk":[null,null,null,null,19.8409,18.2788,21.9408,43.1477,25.5194,27.5783,8.6778,24.6422,0.1441,18.7416,4.1915,17.4877,18.7887],"volumeParticipation":true,"latest":{"consensus":-31.8,"control":-44.1,"force":-18.8,"direction":-27.1,"confirmation":55.0,"persistence":75.0,"assessmentRisk":18.8,"intensity":25.0,"evidenceDepth":65},"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":"Broadly stable","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-31.8","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-44.1","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-18.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-27.1","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"64.5","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"199.2%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"2%","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 downward.","series":[{"label":"Close","values":[10.515,16.685,29.285,37.04,38.545,17.355,13.56,14.505,6.13,10.6387,4.566,2.5545,2.2535,1.846,3.746,3.357,2.6155],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,22.4562,21.5287,20.0799,19.0663,16.7142,15.6096,13.6017,11.5931,9.895,8.4315,7.5796,6.8119,6.0489],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,12.3314,11.5547,10.9763,10.4119,9.8344],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,41.1222,40.4565,39.8639,39.1535,38.4047,37.5112,36.6701,35.8933],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,-2.2704,-4.3065,-6.3007,-7.8254,-9.0506,-9.6145,-10.0974,-10.576],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period return","values":[null,58.6781,75.5169,26.4811,4.0632,-54.9747,-21.8669,6.969,-57.7387,73.5522,-57.0814,-44.0539,-11.7831,-18.083,102.9252,-10.3844,-22.0882],"stroke":"#176fa3","width":1.7},{"label":"Cumulative 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range","values":[29.2352,45.5499,60.5429,48.5421,52.5879,38.4615,73.4513,17.3044,13.3768,13.8997,16.1191,23.2531,41.4466,49.8375,52.5627,56.8662,59.5297],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[11.9699,50.383,56.6881,27.5043,-5.4574,-11.3636,-33.8375,13.8093,11.1514,5.9636,-8.68,14.5002,-11.9727,-16.2432,97.5738,-20.0905,-26.9413],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}