{"schema_version":"1.0","name":"KOIB Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"171635ba-6f46-4d58-adc3-6e76f6144b74","symbol":"KOIB","name":"KRANESHARES GLOBAL HUMANOID AND EMBODIED INTELLIGENCE INDEX UCITS ETF USD","exchange":"LSE","country":"GB","asset_type":"etf","currency":"GBP","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. 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, Range pressure and compression, Activity pressure and cumulative balance, Directional strength and control, Drawdown and recovery 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":40,"displayedObservations":40,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. 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. Underlying support has contracted across the recent completed path. 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A green marker is required before the recovery is treated as confirmed.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","sample":0},"nowContext":{"label":"Slightly stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"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":["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":[16.62,17.54,18.26,18.2,17.945,17.986,18.81,19.567,20.1025,19.98,19.44,19.68,20.635,21.35,21.0225,19.9315,19.406,18.416,18.327,18.664,19.819,20.8975,21.12,21.585,22.825,23.8625,24.25,24.755,24.41,24.01,24.9575,23.1325,24.66,23.3225,21.2425,21.305,21.145,22.76,22.605,21.1975],"consensus":[-63.2653,87.0511,80.9524,-58.0,42.0983,12.4793,57.4066,71.431,66.9057,32.594,0.0,45.1598,65.5796,69.2479,22.496,-20.7449,-22.6346,-58.3697,-31.1342,-11.8676,42.4996,67.1494,44.3231,49.9909,74.0743,68.8319,62.1457,51.9561,22.4918,28.105,48.1383,-23.9512,43.268,-14.3754,-44.0097,-35.3,-35.8431,28.1062,0.0,-52.1153],"supportDates":["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,0.4649,67.6294,72.5962,66.9571,20.7143,0.0,52.3983,74.233,58.4487,6.7995,-25.2258,-12.6959,-56.2029,-23.156,-1.1415,44.9921,67.6505,46.1415,49.6867,74.1703,63.1326,64.9884,37.6613,10.6003,33.7588,52.3907,-24.7895,49.5654,-10.7658,-38.9495,-33.5302,-27.365,34.1632,0.0,-50.5146],"force":[-63.2653,87.0511,80.9524,-58.0,3.8248,8.2781,38.6215,65.8166,51.4678,7.4363,0.0,35.8851,53.0436,76.3517,22.6792,-74.6234,-33.5292,-69.4553,-12.6426,-9.2509,70.2046,91.1336,30.7363,42.1416,89.0336,79.8206,49.22,50.6622,17.5777,3.077,29.2505,-47.4594,38.8317,-33.3071,-37.1351,-13.9811,-22.5888,68.5928,0.0,-81.573],"direction":[null,null,null,null,74.9005,42.0994,59.1413,74.1095,77.8741,74.7639,0.0,43.5121,64.6441,76.5156,72.703,-22.8608,-26.2114,-52.9277,-53.4603,-41.8197,19.8618,49.4451,51.9499,55.9451,63.2793,67.4962,68.1295,69.2172,64.7032,43.9165,56.7696,-6.2014,39.2396,-4.9782,-54.7033,-52.5505,-54.9997,7.735,0.0,-32.9035],"intensity":[null,null,null,null,25.0,20.0,83.3333,57.1429,37.5,11.1111,30.0,18.1818,100.0,100.0,28.5714,100.0,68.75,88.2353,44.4444,21.0526,90.0,100.0,68.1818,26.087,91.6667,100.0,19.2308,100.0,35.7143,41.3793,76.6667,100.0,93.75,84.8485,100.0,57.1429,52.7778,91.8919,57.8947,84.6154],"confirmation":[42.9116,50.523,48.5714,41.2267,35.2627,5.4232,85.6418,90.6691,88.9386,56.3109,11.714,82.0582,88.4715,90.5404,10.8994,35.7557,75.7266,87.0492,77.521,5.5693,82.4062,90.2111,81.7416,83.7625,92.1582,90.4479,87.4494,84.8043,32.574,53.9469,82.7638,53.7014,81.6146,50.5654,81.9507,78.6733,79.195,57.119,25.2313,85.5991],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,50.0,75.0,75.0,62.5,87.5,87.5,87.5,87.5,62.5,37.5,12.5,0.0,25.0,25.0,25.0,25.0,0.0,25.0,50.0,75.0,100.0,100.0,100.0,100.0,75.0,75.0,50.0,25.0,0.0,25.0,25.0,37.5,37.5],"assessmentRisk":[null,null,null,null,28.4613,31.1466,12.5893,14.0408,16.5431,33.6917,40.1598,10.9158,6.9061,15.031,38.6007,30.5741,36.923,20.7991,34.3999,42.1999,5.7438,16.3148,27.7918,24.9777,12.9236,15.5376,18.9,24.0011,37.9151,2.9359,19.1515,36.1964,7.6608,23.3971,27.8658,28.7058,31.9021,36.7961,41.9056,21.3898],"volumeParticipation":true,"latest":{"consensus":-52.1,"control":-50.5,"force":-81.6,"direction":-32.9,"confirmation":85.6,"persistence":37.5,"assessmentRisk":21.4,"intensity":84.6,"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":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-52.1","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-50.5","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-81.6","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-32.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"86/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"50.5","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"6.2%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"26.9","detail":"Directional","tone":"positive"},{"label":"Range position","value":"45%","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":[16.62,17.54,18.26,18.2,17.945,17.986,18.81,19.567,20.1025,19.98,19.44,19.68,20.635,21.35,21.0225,19.9315,19.406,18.416,18.327,18.664,19.819,20.8975,21.12,21.585,22.825,23.8625,24.25,24.755,24.41,24.01,24.9575,23.1325,24.66,23.3225,21.2425,21.305,21.145,22.76,22.605,21.1975],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,17.3872,17.4961,17.735,18.0681,18.438,18.7183,18.8495,19.0005,19.2977,19.6709,19.9166,19.9193,19.826,19.5696,19.3437,19.2201,19.329,19.6142,19.888,20.1965,20.6744,21.2541,21.7988,22.3363,22.7133,22.9491,23.3142,23.2812,23.5319,23.4938,23.0845,22.7609,22.4671,22.5204,22.5358,22.2924],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,18.2005,18.4338,18.6255,18.7223,18.7729,18.7465,18.7154,18.7116,18.7936,18.9495,19.1102,19.2936,19.5551,19.8742,20.1983,20.5359,20.8228,21.0589,21.3477,21.4799,21.7155,21.8345,21.7907,21.7547,21.7095,21.7873,21.8479,21.7997],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,20.6147,20.6728,20.7645,21.0884,21.5442,21.7906,21.7841,21.7213,21.6331,21.5519,21.4758,21.3638,21.4934,21.69,21.9353,22.4024,23.0569,23.7373,24.448,24.9686,25.3449,25.8398,25.9843,26.3464,26.4816,26.4844,26.4671,26.4087,26.2748,26.0267,25.7325],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,16.3874,16.5001,16.5906,16.5679,16.4723,16.4945,16.5996,16.6876,16.6881,16.6816,16.7124,17.1443,17.3505,17.4399,17.5331,17.554,17.4872,17.3508,17.1588,17.069,17.0957,17.1526,17.3533,17.3937,17.4558,17.475,17.6296,17.8619,18.4302,19.1061,19.6536],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The 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 direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.8972,1.0104,1.0615,1.0024,0.9027,0.7353,0.5888,0.4941,0.5064,0.5963,0.6777,0.7709,0.934,1.1339,1.3085,1.4707,1.5535,1.5687,1.6384,1.5287,1.5472,1.4374,1.169,0.9504,0.7556,0.7231,0.6771,0.521],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.9477,0.9053,0.842,0.7724,0.7192,0.6946,0.6912,0.7072,0.7525,0.8288,0.9248,1.0339,1.1379,1.224,1.3069,1.3513,1.3905,1.3998,1.3537,1.273,1.1695,1.0802,0.9996,0.9039],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.0451,-0.1699,-0.2532,-0.2783,-0.2128,-0.0983,-0.0135,0.0637,0.1815,0.3051,0.3838,0.4368,0.4156,0.3447,0.3315,0.1774,0.1568,0.0375,-0.1847,-0.3226,-0.414,-0.3571,-0.3225,-0.3829],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,3.9621,3.9096,4.3325,4.5814,5.0311,5.1419,5.0864,4.9944,4.7893,4.6304,4.5015,4.4393,4.4443,4.5455,4.4651,4.3467,4.3146,4.1635,4.7746,4.6535,5.0498,5.9465,5.8713,6.0185,5.7632,5.5529,6.2282],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,22.849,22.4502,22.3476,24.0094,26.6829,27.6667,27.0142,26.2115,25.8081,25.4769,24.9471,21.9148,21.3309,21.7228,22.307,24.2687,27.4747,31.0867,35.0385,37.5834,38.8738,40.413,39.8316,40.9355,41.0849,40.9896,40.0824,38.6116,35.0952,30.6674,26.7875],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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"]},{"key":"participation","eyebrow":"Participation","title":"Activity pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,85.1839,64.9016,158.4724,135.3188,93.3797,36.4385,255.0869,83.8092,148.5041,77.5495,65.4738,37.0041,24.2719,91.3546,147.3249,63.048,90.6129,238.8883,245.3152,103.4863,306.6339,59.6461,13.7227,11.0241,17.494,40.8104,33.7638,30.4908,72.2441,104.9401,176.7609,121.5945,135.2788],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,135.0,120.3079,107.3031,116.2237,119.5295,135.0,128.4788,116.5375,110.388,105.2994,102.5207,104.2734,110.583,120.566,124.7607,130.9032,135.0,135.0,135.0,135.0,133.1075,132.6946,133.0099,132.525,133.6625,132.819,132.0787,133.7508,131.2997,135.0,131.92,128.286],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"directional","eyebrow":"Trend quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,41.8821,42.6931,43.3777,43.1928,43.5173,41.8765,41.0507,39.1042,36.7548,34.2161,32.1833,30.1567,28.2749,26.8746],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,33.8057,32.3077,28.5533,25.7523,22.9461,20.9494,19.8669,24.2415,29.4883,30.7992,32.6803,37.7649,42.9391,38.3619,42.3087,40.9273,38.9238,42.8394,37.4242,41.2272,37.3016,32.2938,35.1367,32.07,34.9905,33.9528,29.9757],"stroke":"#07865c","width":1.6},{"label":"Negative 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