{"schema_version":"1.0","name":"WQTM Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"200004a3-2f54-4477-a44c-704d07f0ba6a","symbol":"WQTM","name":"WisdomTree Quantum Computing UCITS ETF - USD Acc","exchange":"PAR","country":"FR","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, Drawdown and recovery pressure, Directional strength and control, Range pressure and compression."},{"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":"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":["2026-04-24","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":[0.879468,1.255283,1.673779,1.693769,1.772925,1.854807,1.699081,1.508128,1.314356,1.033146,0.860909,0.655412,0.32338,0.047389,-0.18691,-0.354733,-0.375327,-0.384496],"opens":[29.969999,30.65,31.655001,33.490002,33.384998,38.805,38.299999,36.115002,37.134998,36.049999,35.445,34.830002,30.85,31.24,31.695,31.785,34.494999,35.119999],"highs":[31.1,30.65,33.595001,35.334999,38.529999,40.639999,38.514999,36.805,37.355,36.049999,35.674999,34.915001,31.07,32.630001,32.345001,34.41,35.419998,35.139999],"lows":[29.969999,29.5,31.075001,33.299999,32.0,36.985001,36.869999,35.845001,37.035,35.18,35.235001,34.575001,30.325001,31.035,29.57,31.549999,33.790001,32.185001],"closes":[30.370001,30.58,32.814999,33.674999,38.529999,38.349998,36.869999,36.805,37.299999,35.685001,35.535,34.634998,30.84,31.43,31.469999,34.044998,35.195,32.785],"hoverRows":[[{"label":"Open","value":"30.0","className":"is-ohlc","compact":true},{"label":"High","value":"31.1","className":"is-ohlc","compact":true},{"label":"Low","value":"30.0","className":"is-ohlc","compact":true},{"label":"Close","value":"30.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.88","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"30.6","className":"is-ohlc","compact":true},{"label":"High","value":"30.6","className":"is-ohlc","compact":true},{"label":"Low","value":"29.5","className":"is-ohlc","compact":true},{"label":"Close","value":"30.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.26","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"31.7","className":"is-ohlc","compact":true},{"label":"High","value":"33.6","className":"is-ohlc","compact":true},{"label":"Low","value":"31.1","className":"is-ohlc","compact":true},{"label":"Close","value":"32.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.67","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"33.5","className":"is-ohlc","compact":true},{"label":"High","value":"35.3","className":"is-ohlc","compact":true},{"label":"Low","value":"33.3","className":"is-ohlc","compact":true},{"label":"Close","value":"33.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.69","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"33.4","className":"is-ohlc","compact":true},{"label":"High","value":"38.5","className":"is-ohlc","compact":true},{"label":"Low","value":"32.0","className":"is-ohlc","compact":true},{"label":"Close","value":"38.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.77","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"38.8","className":"is-ohlc","compact":true},{"label":"High","value":"40.6","className":"is-ohlc","compact":true},{"label":"Low","value":"37.0","className":"is-ohlc","compact":true},{"label":"Close","value":"38.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.85","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"38.3","className":"is-ohlc","compact":true},{"label":"High","value":"38.5","className":"is-ohlc","compact":true},{"label":"Low","value":"36.9","className":"is-ohlc","compact":true},{"label":"Close","value":"36.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.70","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"36.1","className":"is-ohlc","compact":true},{"label":"High","value":"36.8","className":"is-ohlc","compact":true},{"label":"Low","value":"35.8","className":"is-ohlc","compact":true},{"label":"Close","value":"36.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.51","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"37.1","className":"is-ohlc","compact":true},{"label":"High","value":"37.4","className":"is-ohlc","compact":true},{"label":"Low","value":"37.0","className":"is-ohlc","compact":true},{"label":"Close","value":"37.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.31","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"36.0","className":"is-ohlc","compact":true},{"label":"High","value":"36.0","className":"is-ohlc","compact":true},{"label":"Low","value":"35.2","className":"is-ohlc","compact":true},{"label":"Close","value":"35.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.03","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"35.4","className":"is-ohlc","compact":true},{"label":"High","value":"35.7","className":"is-ohlc","compact":true},{"label":"Low","value":"35.2","className":"is-ohlc","compact":true},{"label":"Close","value":"35.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.86","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.8","className":"is-ohlc","compact":true},{"label":"High","value":"34.9","className":"is-ohlc","compact":true},{"label":"Low","value":"34.6","className":"is-ohlc","compact":true},{"label":"Close","value":"34.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.66","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"30.9","className":"is-ohlc","compact":true},{"label":"High","value":"31.1","className":"is-ohlc","compact":true},{"label":"Low","value":"30.3","className":"is-ohlc","compact":true},{"label":"Close","value":"30.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.32","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"31.2","className":"is-ohlc","compact":true},{"label":"High","value":"32.6","className":"is-ohlc","compact":true},{"label":"Low","value":"31.0","className":"is-ohlc","compact":true},{"label":"Close","value":"31.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.05","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"31.7","className":"is-ohlc","compact":true},{"label":"High","value":"32.3","className":"is-ohlc","compact":true},{"label":"Low","value":"29.6","className":"is-ohlc","compact":true},{"label":"Close","value":"31.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.19","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"31.8","className":"is-ohlc","compact":true},{"label":"High","value":"34.4","className":"is-ohlc","compact":true},{"label":"Low","value":"31.5","className":"is-ohlc","compact":true},{"label":"Close","value":"34.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.35","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"34.5","className":"is-ohlc","compact":true},{"label":"High","value":"35.4","className":"is-ohlc","compact":true},{"label":"Low","value":"33.8","className":"is-ohlc","compact":true},{"label":"Close","value":"35.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.38","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"35.1","className":"is-ohlc","compact":true},{"label":"High","value":"35.1","className":"is-ohlc","compact":true},{"label":"Low","value":"32.2","className":"is-ohlc","compact":true},{"label":"Close","value":"32.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.38","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":[29.880401,39.019599],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.384496,"state":"Negative and weakening","context":{"scenario":"negativeWeakening","latestDirection":"slight easing","fourWeekDirection":"weakening","now":{"label":"Slightly 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":"Recovery follow-through","detail":"A recent green marker confirmed a recovery from accumulation conditions. Price is now being tested for durable follow-through away from the zone.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"A recent green marker confirmed a recovery from accumulation conditions. Price is now being tested for durable follow-through away from the zone.","annotations":[{"label":"Current tape relationship","value":"Recovery follow-through","detail":"Market Dynamics weakened this week and remains below zero.","tone":"positive"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"24 Jul 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"positive"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","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":32.814999},{"date":"2026-07-24","price":31.43}],"reversal_warnings":[{"date":"2026-05-22","price":38.529999}],"reversal_dangers":[{"date":"2026-06-12","price":36.805}]}},"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":[28.945,28.44,28.09,29.875,26.445,25.815,23.57,25.78,27.125,26.14,25.725,26.265,25.935,27.74,28.505,27.69,26.455,25.82,25.73,25.74,26.065,26.0,25.705,24.99,24.25,24.935,26.42,30.415,30.37,30.58,32.815,33.675,38.53,38.35,36.87,36.805,37.3,35.685,35.535,34.635,30.84,31.43,31.47,34.045,35.195,32.785],"consensus":[-100.0,-63.7362,-10.219,25.9731,-69.8594,-43.6043,-67.344,0.0,28.6617,-36.7073,-9.8713,0.0,-11.4699,48.905,49.1459,0.0,-31.9621,-29.0032,-25.0167,-20.8295,0.0,0.0,-10.7785,-37.6264,-45.6833,0.0,35.458,74.8321,35.4518,48.9797,71.8558,44.2469,86.2252,35.8006,11.1803,51.291,36.4396,0.0,15.3571,-15.7242,-45.4793,-26.4406,-23.6794,31.9072,44.1948,-29.1751],"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,-37.7638,-73.5932,0.0,24.3796,-42.7428,-19.8329,0.0,-3.5596,40.2999,42.9487,0.0,-36.8926,-18.6142,-21.2146,-17.5654,0.0,0.0,-12.6559,-44.7868,-41.6807,0.0,40.1105,71.3176,28.2314,51.4234,67.1284,31.4772,86.821,26.4297,7.3609,56.0484,52.7363,0.0,26.1724,-16.1281,-42.4477,-23.5608,-13.7781,42.4531,45.0118,-38.6282],"force":[-100.0,-63.7362,-10.219,25.9731,-54.1084,-29.0252,-48.4471,0.0,67.8783,-56.8959,-3.6502,0.0,-6.8771,77.4321,52.4523,0.0,-64.9008,-41.4835,-17.3618,-10.9628,0.0,0.0,-5.5491,-37.1238,-54.847,0.0,50.3519,98.7368,8.6577,24.6564,82.881,29.7343,99.132,3.3205,39.6758,24.0966,10.274,0.0,3.6174,-30.8833,-38.9034,-2.0712,-5.2645,57.2578,50.6923,-50.6925],"direction":[null,null,null,null,-81.1101,-60.6928,-73.7,0.0,5.5438,-15.3892,-2.9303,0.0,-31.9272,38.3628,53.8666,0.0,-2.7996,-31.9618,-34.8298,-31.6074,0.0,0.0,-12.3683,-29.8022,-43.7123,0.0,19.5024,61.7739,62.8425,63.5606,69.3836,69.2072,76.3252,74.454,68.6962,65.2786,36.5044,0.0,16.5501,-4.4347,-53.6411,-50.0973,-48.1486,1.7472,38.62,-3.0021],"intensity":[null,null,null,null,100.0,60.0,50.0,42.8571,25.0,11.1111,20.0,9.0909,8.3333,69.2308,14.2857,20.0,37.5,58.8235,22.2222,5.2632,50.0,14.2857,9.0909,13.0435,20.8333,48.0,61.5385,100.0,96.4286,6.8966,90.0,74.1935,100.0,100.0,64.7059,54.2857,38.8889,56.7568,5.2632,30.7692,95.0,51.2195,47.619,83.7209,72.7273,80.0],"confirmation":[54.6667,43.0623,25.9368,30.9781,66.9683,81.5981,88.879,36.4756,55.7655,80.2696,25.4841,25.2042,27.1855,84.6501,83.9219,6.593,56.4899,77.8197,75.83,74.4145,2.548,24.9015,48.5945,79.916,82.9589,31.42,79.7296,92.7283,78.638,82.895,91.4019,81.9113,95.9763,56.4484,12.3448,83.5119,78.6149,28.5133,50.2763,50.8209,82.3992,53.4111,52.5004,56.1555,82.3279,55.1811],"persistence":[null,null,100.0,50.0,60.0,66.6667,71.4286,62.5,37.5,37.5,37.5,50.0,50.0,25.0,0.0,0.0,25.0,25.0,25.0,37.5,25.0,37.5,62.5,75.0,75.0,62.5,37.5,12.5,0.0,12.5,37.5,62.5,87.5,100.0,100.0,100.0,100.0,87.5,87.5,62.5,37.5,12.5,12.5,12.5,12.5,25.0],"assessmentRisk":[null,null,null,null,8.7447,24.1436,15.9386,50.6153,3.3617,27.5353,47.996,13.4179,26.7746,13.9889,22.5287,34.7919,32.3145,31.1455,36.3997,37.2103,20.1865,15.1197,3.7102,18.9841,26.3259,46.5005,19.8292,12.5591,32.2671,25.5013,14.0676,27.3014,6.8814,32.089,43.3087,21.3984,48.6588,45.985,38.7042,33.078,27.126,35.496,36.6072,30.3571,26.6341,49.5333],"volumeParticipation":true,"latest":{"consensus":-29.2,"control":-38.6,"force":-50.7,"direction":-3.0,"confirmation":55.2,"persistence":25.0,"assessmentRisk":49.5,"intensity":80.0,"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":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Present","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-29.2","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-38.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-50.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-3.0","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"51.1","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"6.7%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"21.9","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"54%","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":[28.945,28.44,28.09,29.875,26.445,25.815,23.57,25.78,27.125,26.14,25.725,26.265,25.935,27.74,28.505,27.69,26.455,25.82,25.73,25.74,26.065,26.0,25.705,24.99,24.25,24.935,26.42,30.415,30.37,30.58,32.815,33.675,38.53,38.35,36.87,36.805,37.3,35.685,35.535,34.635,30.84,31.43,31.47,34.045,35.195,32.785],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,28.4744,27.9909,27.1871,26.9313,26.9665,26.8162,26.6178,26.5537,26.4412,26.6773,27.0096,27.1333,27.01,26.7936,26.6003,26.4438,26.375,26.3068,26.1974,25.9778,25.6637,25.5312,25.6928,26.5514,27.2457,27.8519,28.7543,29.649,31.2637,32.5521,33.3372,33.9677,34.5736,34.7757,34.9137,34.863,34.1316,33.6404,33.2458,33.3911,33.7191,33.5492],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,27.413,27.4372,27.5163,27.5292,27.4496,27.3289,27.2105,27.1015,27.0248,26.9488,26.8567,26.7184,26.5356,26.417,26.4172,26.7134,26.9842,27.2506,27.6628,28.1081,28.8801,29.5816,30.1215,30.6165,31.1116,31.4504,31.7529,31.9664,31.883,31.8494,31.8213,31.986,32.2237,32.2653],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,30.5453,30.3453,30.1644,30.0012,29.9917,30.1059,30.072,29.9594,29.8588,29.766,29.6773,29.3721,29.1341,28.9347,28.199,28.2468,28.2548,28.1028,29.0667,29.7337,30.3994,31.5701,32.7536,35.1915,37.0039,38.1564,39.1858,40.1844,40.7626,41.2193,41.4721,41.4033,41.3135,41.1493,40.9648,40.5804,39.8951],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,23.4997,23.4638,23.5381,23.5603,23.7069,23.8135,23.9386,23.9865,23.9589,23.9277,23.9057,23.9229,23.9169,23.8778,24.125,23.8577,23.7617,24.1987,23.6983,23.3558,23.1341,22.6724,22.2299,21.0515,20.3001,19.9841,19.8662,19.9521,20.3604,20.8842,21.5209,22.0672,22.7,23.4407,24.5307,26.0096,27.4799],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"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"]},{"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,80.1929,149.2014,156.5829,80.9707,53.9686,148.466,241.9083,113.7533,119.9123,209.2064,350.4309,87.6781,59.1272,108.157,24.5244,34.0698,36.1923,167.408,151.6192,43.8326,129.9713,88.5478,45.2223,134.1313,103.1581,206.8256,544.482,62.4068,25.2622,7.1442,7.7054,7.5815,6.7409,15.2674,52.7326,151.6996,50.6657,54.5653,42.1856],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,69.9812,79.8562,68.7974,65.0,68.4132,65.0,80.1407,87.331,79.6494,65.2659,65.0,65.0,67.3173,71.7566,70.8246,69.5694,68.2407,65.0,70.7791,72.4411,77.5846,74.0858,75.8202,81.1862,85.4659,94.6006,65.0,65.0,65.0,65.3185,65.0165,65.0,65.0,65.0,66.858,72.5634,74.4922,76.4869,75.0153],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"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"]},{"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,-0.8102,-0.6595,-0.4728,-0.3862,-0.4125,-0.479,-0.5329,-0.5682,-0.5635,-0.5585,-0.5718,-0.6328,-0.7323,-0.7473,-0.6321,-0.216,0.1089,0.379,0.7646,1.1266,1.7846,2.2655,2.4984,2.6472,2.7731,2.7113,2.62,2.4468,1.9805,1.6397,1.3572,1.3258,1.3778,1.2106],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.6042,-0.5792,-0.5699,-0.5696,-0.5684,-0.5664,-0.5675,-0.5805,-0.6109,-0.6382,-0.637,-0.5528,-0.4204,-0.2605,-0.0555,0.1809,0.5017,0.8544,1.1832,1.476,1.7354,1.9306,2.0685,2.1441,2.1114,2.0171,1.8851,1.7732,1.6941,1.5974],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.1917,0.1001,0.037,0.0014,0.0049,0.0079,-0.0043,-0.0522,-0.1214,-0.1092,0.0048,0.3368,0.5294,0.6396,0.8201,0.9457,1.283,1.4111,1.3152,1.1712,1.0377,0.7807,0.5515,0.3027,-0.1309,-0.3774,-0.5279,-0.4475,-0.3164,-0.3868],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"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"]},{"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 difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,-1.7447,-2.9539,0.0,-11.4812,-13.59,-21.1046,-13.7071,-9.205,-12.5021,-13.8912,-12.0837,-13.1883,-7.1464,-4.5858,-7.3138,-11.4477,-13.5732,-13.8745,-13.841,-12.7531,-12.9707,-13.9582,-16.3515,-18.8285,-16.5356,-11.5649,0.0,-0.148,0.0,0.0,0.0,0.0,-0.4672,-4.3083,-4.477,-3.1923,-7.3839,-7.7732,-10.109,-19.9585,-18.4272,-18.3234,-11.6403,-8.6556,-14.9105],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,9.3763,15.0827,10.9037,9.143,11.434,10.0339,17.692,20.9376,17.4799,12.2401,9.546,9.1642,9.2066,10.5855,10.3097,9.0581,6.0246,2.885,5.7913,12.0916,29.0412,28.8502,29.7412,39.2236,42.8723,58.8866,58.1443,52.0412,51.7732,53.8144,47.1546,46.5361,42.8247,27.1753,29.6082,29.7732,40.3917,45.134,35.1959],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"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"]},{"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,9.3456,10.5519,11.9405,12.8675,14.8464,17.1812,20.054,23.0806,25.8112,27.6333,29.4454,29.9096,30.3407,30.314,28.1778,26.7425,24.8632,23.8228,23.1979,21.931],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,17.9711,19.2318,18.2317,17.2342,15.5858,14.856,14.425,18.3045,17.575,16.3617,15.4464,14.1738,13.3205,18.6088,30.5395,31.6734,30.21,37.9954,40.9172,42.5832,44.2704,42.0026,40.6067,41.7258,38.699,38.0678,36.6928,31.2374,34.7237,31.4498,35.2171,36.6831,33.0776],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,17.6231,16.7054,16.7646,19.2324,24.6382,23.4845,22.8032,20.7692,19.9415,21.3053,20.7516,22.2366,23.1741,21.3318,17.8463,17.0576,18.1577,16.0625,14.5511,11.5249,10.2411,10.0746,13.063,12.8169,18.2343,17.9369,19.7723,31.4933,29.5297,31.723,28.6419,27.072,29.6521],"stroke":"#c13f3f","width":1.6}],"guides":[],"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"]},{"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,6.9406,6.6164,6.6716,6.8595,7.2164,7.0548,6.7439,6.7898,6.5829,6.6414,6.7193,7.0071,6.7332,6.4104,6.1805,6.0133,5.8141,5.6873,5.6808,5.8209,6.1112,6.2212,5.9859,5.5899,5.8499,5.5454,5.4811,6.7142,6.5243,6.6805,6.3509,6.0354,6.6721],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,26.0734,25.5774,24.678,24.0504,23.4075,23.34,22.7121,22.1438,21.9255,21.7466,21.543,20.4488,19.6688,19.1505,15.5719,16.8475,17.2753,14.9291,20.3483,24.0269,27.143,32.8074,38.2796,50.2818,58.299,62.5114,65.4322,67.2876,66.7578,65.4879,63.3444,60.9294,58.1552,54.8341,50.1837,43.7626,36.8542],"stroke":"#b87806","width":1.7}],"guides":[],"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"]}]},"canonical_url":"https://sharemaestro.com/terminal/200004a3-2f54-4477-a44c-704d07f0ba6a/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/200004a3-2f54-4477-a44c-704d07f0ba6a/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/200004a3-2f54-4477-a44c-704d07f0ba6a/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/200004a3-2f54-4477-a44c-704d07f0ba6a/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/200004a3-2f54-4477-a44c-704d07f0ba6a/technical-pack/data.json"},"source_fingerprint":"abee71ee53c2d44b14c66408324d48097f2ee3d380c31ba805410231a087e5b2","content_hash":"fc80f5f10d3bbc614e2b3ee1919661f27cc9f4c6fda1d02d747747b33e97674c","citation":"Sharemaestro, WQTM Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/200004a3-2f54-4477-a44c-704d07f0ba6a/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."}