{"schema_version":"1.0","name":"ADPT Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"1aa6c566-050e-495c-8bc2-0b86ab11e336","symbol":"ADPT","name":"Pantarai ADAPT ETP","exchange":"LSE","country":"GB","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and 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, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, 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":"2026-08-21","observations":45,"displayedObservations":45,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and 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 weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"The underlying condition is weak, but a negative price response is still required.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":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"],"values":[0.392905,0.629543,0.77844,0.897713,1.091119,1.049644,1.014192,0.995295,0.967918,1.003184,0.876544,0.629843,0.32664,0.021055,-0.172947,-0.266961,-0.289317],"opens":[10.485,10.55,10.67,10.56,10.79,10.6825,10.75,10.91,10.775,10.82,10.71,10.67,10.69,10.675,10.6175,10.7575,10.835],"highs":[10.575,10.7025,10.7675,10.72,10.845,10.6825,10.75,10.91,10.79,10.82,10.71,10.67,10.7875,10.745,10.775,10.7925,10.835],"lows":[10.41,10.55,10.5625,10.54,10.785,10.6825,10.75,10.91,10.745,10.82,10.71,10.67,10.685,10.525,10.6175,10.7575,10.6175],"closes":[10.575,10.7025,10.62,10.725,10.7925,10.6825,10.75,10.91,10.745,10.82,10.71,10.67,10.705,10.535,10.7675,10.775,10.6175],"hoverRows":[[{"label":"Open","value":"10.5","className":"is-ohlc","compact":true},{"label":"High","value":"10.6","className":"is-ohlc","compact":true},{"label":"Low","value":"10.4","className":"is-ohlc","compact":true},{"label":"Close","value":"10.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.39","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.6","className":"is-ohlc","compact":true},{"label":"High","value":"10.7","className":"is-ohlc","compact":true},{"label":"Low","value":"10.6","className":"is-ohlc","compact":true},{"label":"Close","value":"10.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.63","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.7","className":"is-ohlc","compact":true},{"label":"High","value":"10.8","className":"is-ohlc","compact":true},{"label":"Low","value":"10.6","className":"is-ohlc","compact":true},{"label":"Close","value":"10.6","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":"10.7","className":"is-ohlc","compact":true},{"label":"High","value":"10.7","className":"is-ohlc","compact":true},{"label":"Low","value":"10.5","className":"is-ohlc","compact":true},{"label":"Close","value":"10.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.02","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.6","className":"is-ohlc","compact":true},{"label":"High","value":"10.8","className":"is-ohlc","compact":true},{"label":"Low","value":"10.6","className":"is-ohlc","compact":true},{"label":"Close","value":"10.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.17","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.8","className":"is-ohlc","compact":true},{"label":"High","value":"10.8","className":"is-ohlc","compact":true},{"label":"Low","value":"10.8","className":"is-ohlc","compact":true},{"label":"Close","value":"10.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.27","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.8","className":"is-ohlc","compact":true},{"label":"High","value":"10.8","className":"is-ohlc","compact":true},{"label":"Low","value":"10.6","className":"is-ohlc","compact":true},{"label":"Close","value":"10.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.29","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[10.5125,10.9325],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.289317,"state":"Negative and weakening","context":{"scenario":"negativeWeakening","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted 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":"Negative and weakening","detail":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","annotations":[{"label":"Current tape relationship","value":"Negative and weakening","detail":"Market Dynamics weakened this week and remains below zero.","tone":"negative"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"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":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":17,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-10-17","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":[10.1,10.2376,10.275,10.025,10.0777,9.8963,10.195,10.1725,10.11,10.1575,10.195,10.205,10.365,10.385,10.395,10.415,10.2,10.2275,10.3,10.39,10.19,10.2725,10.0675,10.09,10.1225,10.2,10.49,10.46,10.575,10.7025,10.62,10.725,10.7925,10.6825,10.75,10.91,10.745,10.82,10.71,10.67,10.705,10.535,10.7675,10.775,10.6175],"consensus":[-100.0,71.0667,-66.6667,-52.806,-10.441,-38.9973,27.9056,21.346,-14.591,20.6943,13.3851,0.0,42.6604,36.179,31.2749,14.4425,-27.5521,-10.4367,18.1658,24.1538,-32.0463,11.4478,-54.9636,0.0,-13.9854,20.8785,65.4845,34.9564,63.7458,62.4598,0.0,63.9929,32.9388,9.7776,34.6113,46.8535,-19.3934,34.3353,0.0,-11.8611,0.0,-51.9759,42.631,20.2494,-39.3701],"supportDates":["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,-39.259,43.6265,25.5695,-25.8774,16.457,18.3472,0.0,40.6541,32.0064,29.5462,2.3189,-29.9392,-8.3461,32.4915,35.7053,-29.9486,14.5347,-51.657,0.0,-14.6216,28.8221,61.0682,42.5469,61.1605,71.2389,0.0,63.8702,22.5218,10.8534,34.5167,48.0508,-19.0161,34.252,0.0,-4.4348,0.0,-49.7673,53.9341,19.8513,-43.7037],"force":[-100.0,71.0667,-66.6667,-52.806,-11.612,-31.6096,33.2767,16.2605,-20.5575,21.0872,9.0551,0.0,39.7114,31.5281,19.8533,3.543,-40.3223,-10.7362,21.6824,19.9121,-65.2876,16.1077,-83.7613,0.0,-2.77,50.8686,95.7521,6.8325,81.2742,51.8465,0.0,75.4604,16.2189,17.4696,17.7599,30.2923,-75.0892,19.9404,0.0,-17.3096,0.0,-66.456,51.3701,9.2975,-52.3115],"direction":[null,null,null,null,-9.6047,-43.9751,6.1023,20.1515,-2.5694,25.2562,10.8069,0.0,47.0598,44.2698,41.4088,41.1448,-15.7024,-12.6121,0.7182,13.9817,-10.6999,4.5915,-38.1729,0.0,-21.2693,9.6214,48.9121,46.37,54.18,60.0075,0.0,55.9421,56.7867,28.0105,46.756,57.3147,-19.9581,44.7127,0.0,-16.4565,0.0,-44.1571,23.4709,28.5273,-25.1734],"intensity":[null,null,null,null,50.0,60.0,100.0,42.8571,12.5,22.2222,50.0,100.0,58.3333,23.0769,21.4286,86.6667,87.5,17.6471,16.6667,47.3684,60.0,19.0476,59.0909,56.5217,29.1667,16.0,88.4615,85.1852,32.1429,51.7241,20.0,29.0323,78.125,60.6061,5.8824,60.0,63.8889,13.5135,34.2105,2.5641,40.0,68.2927,76.1905,53.4884,56.8182],"confirmation":[54.6667,45.408,44.0,39.5646,48.728,80.25,54.1873,74.6114,50.5605,74.6987,72.0756,24.7976,81.592,79.4991,77.6862,27.6807,77.1695,71.3807,51.1885,75.4239,79.2999,49.0916,86.5164,29.554,49.4572,32.1933,89.9448,55.5466,88.9722,87.5299,10.1873,88.8291,78.1896,28.6756,78.5635,82.4702,34.8334,78.5499,26.0472,49.4081,0.8543,85.1072,81.736,74.1521,80.9268],"persistence":[null,null,33.3333,50.0,60.0,66.6667,42.8571,25.0,25.0,25.0,0.0,12.5,37.5,62.5,62.5,62.5,62.5,37.5,37.5,50.0,25.0,25.0,0.0,12.5,12.5,12.5,12.5,12.5,37.5,37.5,50.0,62.5,87.5,87.5,87.5,87.5,62.5,62.5,62.5,37.5,25.0,0.0,0.0,0.0,0.0],"assessmentRisk":[null,null,null,null,2.3408,29.5043,34.2789,24.0518,17.0777,36.3844,6.6925,9.9077,26.1087,28.6144,29.9106,38.9514,29.5477,37.3781,43.5521,26.5068,11.123,14.9988,20.7021,46.9524,19.1027,39.4505,17.0578,32.0836,17.9751,18.7363,34.686,16.2867,30.1008,13.1565,22.5027,24.0903,9.438,23.9932,13.3645,43.1135,19.6099,23.452,0.5713,25.0955,10.6216],"volumeParticipation":true,"latest":{"consensus":-39.4,"control":-43.7,"force":-52.3,"direction":-25.2,"confirmation":80.9,"persistence":0.0,"assessmentRisk":10.6,"intensity":56.8,"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":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-39.4","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-43.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-52.3","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-25.2","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"81/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"53.9","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"1.5%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"16.1","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"68%","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 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ADPT Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/1aa6c566-050e-495c-8bc2-0b86ab11e336/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."}