{"schema_version":"1.0","name":"MAXS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"1eb7d7cd-81d8-4847-afa7-728c89c3676c","symbol":"MAXS","name":"iShares US Large Cap Max Buffer Sep UCITS ETF USD Acc","exchange":"AMS","country":"NL","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","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, Directional strength and control, Range position and boundary pressure, Directional pressure and rotation, Acceleration, deceleration and rollover."},{"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":"Aligned upward","stateTone":"positive","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","evidenceAlignment":{"status":"Evidence conflict","headline":"Price is ahead of Market Dynamics","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","take":"The gap can close through stronger Market Dynamics or weaker price. Until then, the upward structure should be treated as vulnerable rather than fully aligned.","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":[0.319462,0.537386,0.71359,0.82598,0.912953,0.923776,0.924461,0.937635,0.929265,0.961584,0.982547,1.056444,1.145352,1.144103,1.027042,0.798316,0.709298],"opens":[5.186,5.186,5.206,5.225,5.23,5.25,5.244,5.243,5.233,5.275,5.274,5.28,5.28,5.28,5.28,5.28,5.333],"highs":[5.186,5.207,5.225,5.237,5.23,5.25,5.245,5.243,5.233,5.275,5.274,5.28,5.28,5.28,5.28,5.28,5.333],"lows":[5.186,5.186,5.204,5.225,5.23,5.241,5.212,5.243,5.233,5.266,5.274,5.28,5.28,5.28,5.28,5.28,5.314],"closes":[5.186,5.221,5.225,5.23,5.23,5.241,5.245,5.243,5.233,5.266,5.274,5.28,5.28,5.28,5.28,5.28,5.323],"hoverRows":[[{"label":"Open","value":"5.19","className":"is-ohlc","compact":true},{"label":"High","value":"5.19","className":"is-ohlc","compact":true},{"label":"Low","value":"5.19","className":"is-ohlc","compact":true},{"label":"Close","value":"5.19","className":"is-ohlc","compact":true},{"label":"Market 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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":[5.17778,5.33122],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.709298,"state":"Positive but weakening over four weeks","context":{"scenario":"positiveWeakening","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 and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Distribution risk building","detail":"Price remains extended inside distribution conditions while Market Dynamics is shrinking. A descent through the zone would strengthen the rollover warning.","tone":"caution"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price remains extended inside distribution conditions while Market Dynamics is shrinking. A descent through the zone would strengthen the rollover warning.","annotations":[{"label":"Current tape relationship","value":"Distribution risk building","detail":"Market Dynamics eased this week but remains positive.","tone":"caution"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","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":"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":[5.0332,5.051,5.062,5.056,5.055,5.056,5.054,5.077,5.082,5.09,5.103,5.111,5.123,5.113,5.118,5.128,5.12,5.12,5.119,5.123,5.131,5.094,5.072,5.072,5.082,5.119,5.188,5.186,5.186,5.221,5.225,5.23,5.23,5.241,5.245,5.243,5.233,5.266,5.274,5.28,5.28,5.28,5.28,5.28,5.323],"consensus":[0.0,-100.0,-79.3103,-100.0,50.6818,30.8628,0.0,77.1201,54.3892,53.0752,79.4428,72.4346,79.5185,21.9599,67.3025,51.1576,-12.0058,31.5403,25.1288,42.4281,59.7706,-47.6305,-68.5482,-38.286,0.0,52.3539,78.164,42.0479,40.5327,86.9038,67.5056,47.3537,42.8608,34.3197,57.1406,34.9228,20.1472,39.0757,46.4337,45.6859,39.8249,36.2631,31.9789,26.8174,60.5594],"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,19.8288,0.0,65.1812,41.5915,38.4264,87.7836,76.7448,75.4625,16.0969,72.0066,27.4735,-10.5766,31.859,27.9222,62.2798,71.9628,-33.786,-56.9189,-31.9246,0.0,56.2913,82.6828,41.7366,35.5597,91.0657,71.8438,41.4407,36.2191,20.7169,58.7244,32.1788,19.836,29.0481,44.6906,42.9964,35.2935,34.7337,34.138,33.4962,51.652],"force":[0.0,-100.0,-79.3103,-100.0,14.0698,3.072,0.0,90.647,38.2232,37.0413,59.6035,48.2258,77.2851,48.0991,46.1137,50.5431,-80.021,5.9185,7.5075,34.2448,50.0227,-67.3731,-94.4988,-10.4107,0.0,64.9253,90.5451,8.799,10.4392,97.7401,52.1292,19.203,10.265,6.6019,41.7212,3.0626,13.804,19.7968,21.8641,20.0421,10.3708,7.5546,4.1651,0.0,65.8592],"direction":[null,null,null,null,96.933,63.3236,0.0,81.1025,80.5623,81.2694,84.0814,84.8006,85.7492,78.7025,77.0611,78.6642,-34.9431,49.4774,34.523,25.5856,52.7994,-49.351,-63.3026,-65.4672,0.0,38.8745,64.1559,66.153,67.7116,74.4073,73.5309,74.2191,73.7341,69.6641,66.3444,60.8162,44.7537,64.3065,65.9756,67.0765,66.0423,58.5172,49.3785,38.3399,66.9537],"intensity":[null,null,null,null,25.0,20.0,16.6667,85.7143,50.0,22.2222,30.0,36.3636,50.0,23.0769,14.2857,66.6667,25.0,64.7059,66.6667,63.1579,30.0,100.0,72.7273,100.0,58.3333,92.0,100.0,96.2963,25.0,82.7586,43.3333,61.2903,9.375,54.5455,79.4118,82.8571,19.4444,89.1892,15.7895,7.6923,2.5,4.878,7.1429,9.3023,95.4545],"confirmation":[0.0,54.6667,48.046,54.6667,17.7604,54.5306,6.4023,93.2726,85.1069,84.7186,92.69,90.3756,93.4397,37.9092,88.8194,84.7126,36.0577,54.6405,52.795,81.0251,86.6437,84.0544,90.9035,79.4989,35.4063,85.0764,93.3209,80.4468,80.1291,96.0761,89.0671,82.3854,80.8233,55.6782,85.7909,55.5795,31.0287,80.0695,82.1366,81.8789,79.9154,56.0859,54.686,52.9959,95.6763],"persistence":[null,null,66.6667,75.0,40.0,16.6667,14.2857,0.0,12.5,37.5,62.5,87.5,87.5,87.5,100.0,100.0,75.0,75.0,75.0,75.0,75.0,50.0,25.0,0.0,12.5,12.5,12.5,12.5,12.5,37.5,62.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"assessmentRisk":[null,null,null,null,23.6848,10.6936,34.0801,9.8087,22.4476,23.4073,10.2771,13.7515,10.2363,38.3738,13.5082,22.6688,10.6571,17.7889,6.8417,47.696,16.2252,24.4311,15.6004,30.8057,49.3893,18.9312,10.9097,28.966,29.7111,6.512,10.9504,23.2297,25.4451,15.4804,7.3348,10.727,2.9875,21.3777,21.0523,26.8823,30.0349,22.3187,11.6941,13.4087,19.4886],"volumeParticipation":true,"latest":{"consensus":60.6,"control":51.7,"force":65.9,"direction":67.0,"confirmation":95.7,"persistence":100.0,"assessmentRisk":19.5,"intensity":95.5,"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 strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+60.6","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+51.7","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+65.9","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+67.0","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"96/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"87.3","detail":"Stretched positive","tone":"positive"},{"label":"Risk pressure","value":"0.3%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"51.0","detail":"Directional","tone":"positive"},{"label":"Range position","value":"96%","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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MAXS Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/1eb7d7cd-81d8-4847-afa7-728c89c3676c/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."}