{"schema_version":"1.0","name":"SPPB Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"237c2186-21de-49f7-b06f-92f096817fa8","symbol":"SPPB","name":"State Street Blackstone Euro AAA CLO UCITS ETF USD Hedged Acc","exchange":"GER","country":"DE","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, Range position and boundary pressure, Directional pressure and rotation, 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":23,"displayedObservations":23,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","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":["2026-03-20","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"],"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],"opens":[30.0,30.023899,30.039801,30.078899,30.116899,30.1707,30.212799,30.2458,30.2798,30.311899,30.377001,30.3888,30.437099,30.4662,30.499701,30.5315,30.555799,30.584299,30.592699,30.619699,30.6509,30.681801,30.712099],"highs":[30.013,30.033899,30.0648,30.107901,30.1633,30.202801,30.232401,30.270901,30.302299,30.3323,30.377001,30.4083,30.437099,30.4662,30.499701,30.5315,30.555799,30.584299,30.6099,30.642,30.680901,30.7017,30.728001],"lows":[30.0,30.023399,30.039801,30.078899,30.116899,30.1707,30.212799,30.2458,30.2798,30.311899,30.377001,30.3888,30.437099,30.4662,30.499701,30.5315,30.555799,30.584299,30.592699,30.619699,30.6509,30.681801,30.712099],"closes":[30.013,30.0331,30.0648,30.107901,30.1633,30.202801,30.232401,30.270901,30.302299,30.3323,30.377001,30.4083,30.437099,30.4662,30.499701,30.5315,30.555799,30.584299,30.6099,30.642,30.672501,30.7017,30.728],"hoverRows":[[{"label":"Open","value":"30.0","className":"is-ohlc","compact":true},{"label":"High","value":"30.0","className":"is-ohlc","compact":true},{"label":"Low","value":"30.0","className":"is-ohlc","compact":true},{"label":"Close","value":"30.0","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}]],"pressureRange":[-2.3,2.3],"priceRange":[29.9701,30.7709],"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 progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","tone":"neutral"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","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":"Upper positioning zone","detail":"Price is in the area labelled as the distribution zone on the chart. With limited Market Dynamics history, the label describes location and extension only.","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":23,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-03-20","price":30.013}],"reversal_dangers":[{"date":"2026-03-27","price":30.0331}]}},"smTape":{"available":true,"dates":["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":[30.013,30.0331,30.0648,30.1079,30.1633,30.2028,30.2324,30.2709,30.3023,30.3323,30.377,30.4083,30.4371,30.4662,30.4997,30.5315,30.5558,30.5843,30.6099,30.642,30.6725,30.7017,30.728],"consensus":[100.0,84.781,100.0,100.0,99.7121,94.171,90.8945,93.081,91.4102,90.4784,71.1397,89.8687,68.4748,68.4292,69.263,68.8021,63.4218,64.8222,83.9232,86.6877,77.8263,84.7001,82.7056],"supportDates":["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,94.6504,90.8302,93.2631,91.2807,90.2018,62.1329,89.4444,58.9708,58.9398,59.9411,59.3977,56.9192,58.3252,86.0574,89.2839,75.8113,87.2438,85.1153],"force":[100.0,84.781,100.0,100.0,99.3114,96.0897,88.611,92.6628,88.9496,86.8828,53.808,85.1164,48.4917,48.523,50.2382,49.3362,45.2496,47.7545,79.6309,85.5275,72.477,82.0543,78.169],"direction":[null,null,null,null,99.9983,92.2528,92.5991,93.1716,93.3157,93.3627,93.813,93.7481,93.6103,93.4929,93.5057,93.4543,83.8334,84.4387,84.5502,84.5493,83.95,83.6829,83.192],"intensity":[null,null,null,null,100.0,80.0,50.0,42.8571,37.5,33.3333,100.0,18.1818,75.0,15.3846,42.8571,33.3333,12.5,17.6471,16.6667,52.6316,70.0,28.5714,27.2727],"confirmation":[54.6667,49.7966,54.6667,54.6667,77.2229,98.1859,97.0176,97.7704,97.1782,96.8477,90.3738,96.6196,89.4478,89.4353,89.7264,89.5667,87.8402,88.322,94.6921,95.6651,92.7721,94.9846,55.0],"persistence":[null,null,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],"assessmentRisk":[null,null,null,null,0.1439,2.9145,4.5527,3.4595,4.2949,4.7608,14.4301,5.0657,15.7626,15.7854,15.3685,15.5989,18.2891,17.5889,8.0384,6.6562,11.0869,7.65,8.6472],"volumeParticipation":false,"latest":{"consensus":82.7,"control":85.1,"force":78.2,"direction":83.2,"confirmation":55.0,"persistence":100.0,"assessmentRisk":8.6,"intensity":27.3,"evidenceDepth":88},"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 upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Broadly stable","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+82.7","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+85.1","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+78.2","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+83.2","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"100.0","detail":"Stretched positive","tone":"positive"},{"label":"Risk pressure","value":"0.1%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"100%","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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SPPB Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/237c2186-21de-49f7-b06f-92f096817fa8/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."}