{"schema_version":"1.0","name":"0127R0 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"314d2177-5c0a-4d9c-b00b-697d2610ad6c","symbol":"0127R0","name":"Kb Rise Us Ai Cloud Infrastructure Etf","exchange":"KSC","country":"KR","asset_type":"etf","currency":"KRW","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. 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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":[{"date":"2026-06-12","price":19950.0}]}},"smTape":{"available":true,"dates":["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":[11098.958,11933.8799,11523.918,9999.0615,10654.0,10295.0,10875.0,12180.0,11875.0,11780.0,9895.0,11285.0,11770.0,11265.0,11160.0,11640.0,12130.0,11685.0,11620.0,12920.0,15385.0,16170.0,14980.0,16705.0,18150.0,19365.0,19800.0,21460.0,19950.0,22400.0,20088.5137,18454.4492,18484.4316,17185.1738,16790.4004,15665.0,16700.0,18740.0,16950.0],"consensus":[100.0,73.7452,-59.3406,-18.4235,-25.2097,-32.4904,0.0,64.1695,10.6784,20.2494,-57.8704,0.0,29.1844,-14.3156,12.1044,31.4706,26.2596,0.0,15.7916,57.0716,79.7932,67.5037,15.1502,65.0245,74.3491,73.2523,63.9087,56.6037,26.6943,47.5689,0.0,-11.7736,0.0,-43.3351,-27.8514,-35.9475,0.0,49.0686,-35.9831],"supportDates":["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,-24.4118,0.0,66.2133,6.7038,7.4359,-56.0012,0.0,40.617,-12.8835,4.1239,30.8866,28.432,0.0,15.4544,63.3842,86.2335,72.9941,6.1391,58.9755,71.1345,76.6396,67.7109,53.7083,17.8634,38.9762,0.0,-3.6354,0.0,-41.6802,-20.0977,-25.5492,0.0,46.0266,-39.0135],"force":[100.0,73.7452,-59.3406,-18.4235,-3.8325,-16.5624,0.0,58.8563,19.426,3.4018,-59.3895,0.0,24.6481,-22.7084,13.7149,43.7,19.4843,0.0,18.7957,59.5483,88.411,55.4238,35.9328,70.903,85.5122,70.2334,46.2312,35.7845,11.0194,28.9068,0.0,-30.4556,0.0,-53.9219,-19.392,-30.6871,0.0,86.5512,-63.0222],"direction":[null,null,null,null,-40.479,-53.1002,0.0,65.629,52.047,46.9274,-58.9215,0.0,19.3589,-9.9576,20.0748,23.4029,28.6163,0.0,14.0312,48.0881,66.2773,69.8575,61.9364,67.7386,70.0493,71.5374,72.19,74.7837,63.725,70.7193,0.0,-7.7301,0.0,-37.6645,-42.7554,-51.5887,0.0,25.7718,-13.2061],"intensity":[null,null,null,null,50.0,40.0,33.3333,85.7143,25.0,11.1111,100.0,81.8182,16.6667,23.0769,50.0,40.0,81.25,11.7647,77.7778,84.2105,100.0,76.1905,59.0909,91.3043,79.1667,56.0,88.4615,100.0,75.0,100.0,90.0,87.0968,3.125,66.6667,32.3529,100.0,88.8889,81.0811,71.0526],"confirmation":[54.6667,46.2651,41.6557,28.5622,29.7565,78.0346,3.8894,88.3412,8.3389,28.8283,86.5933,26.0081,77.0266,72.8586,49.3774,78.4522,76.1635,27.0193,73.15,86.2422,93.6983,89.1494,11.0942,89.0792,92.1809,91.2971,87.8541,85.5228,32.5448,82.7842,32.2545,27.1276,25.0202,82.2151,76.7728,79.5013,30.7275,84.8906,80.2925],"persistence":[null,null,33.3333,0.0,20.0,33.3333,28.5714,12.5,12.5,12.5,12.5,0.0,25.0,25.0,37.5,37.5,37.5,25.0,50.0,62.5,62.5,87.5,87.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,87.5,62.5,50.0,25.0,0.0,25.0,37.5,37.5,50.0],"assessmentRisk":[null,null,null,null,9.3458,31.6768,32.7365,17.152,39.2781,37.4332,9.4831,36.8875,19.918,17.458,37.8476,2.4771,7.4437,24.1913,17.6294,16.4601,9.926,16.2324,42.2057,17.4459,12.4783,13.2128,18.042,21.6935,32.6483,25.5027,9.4014,41.9929,33.4626,28.2369,34.8799,29.7163,42.2997,14.3679,23.1962],"volumeParticipation":true,"latest":{"consensus":-36.0,"control":-39.0,"force":-63.0,"direction":-13.2,"confirmation":80.3,"persistence":50.0,"assessmentRisk":23.2,"intensity":71.1,"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":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-36.0","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-39.0","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-63.0","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-13.2","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"80/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"53.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"11.9%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"17.2","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"53%","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":[11098.958,11933.8799,11523.918,9999.0615,10654.0,10295.0,10875.0,12180.0,11875.0,11780.0,9895.0,11285.0,11770.0,11265.0,11160.0,11640.0,12130.0,11685.0,11620.0,12920.0,15385.0,16170.0,14980.0,16705.0,18150.0,19365.0,19800.0,21460.0,19950.0,22400.0,20088.5137,18454.4492,18484.4316,17185.1738,16790.4004,15665.0,16700.0,18740.0,16950.0],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,10989.3031,10863.0661,10865.2359,11104.2839,11244.4141,11341.7934,11078.74,11116.2419,11235.107,11240.5421,11225.8981,11301.1893,11451.8822,11494.2672,11517.1277,11772.1954,12429.069,13109.2383,13449.3768,14041.3083,14788.3431,15620.4625,16380.3784,17303.946,17785.0467,18624.1291,18890.3809,18811.1206,18751.7226,18466.8955,18162.0782,17708.064,17524.7796,17745.7288,17601.0508],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,11159.1031,11166.9474,11166.4327,11201.5118,11270.2887,11301.0081,11324.6371,11442.8121,11734.826,12063.3574,12279.405,12607.2269,13017.8027,13487.9654,13955.5236,14511.4107,14914.2692,15468.7677,15810.9711,16006.7843,16190.3138,16264.0071,16302.9992,16255.74,16288.6481,16470.2298,16505.7683],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,12645.0746,12657.8284,12610.3574,12643.7087,12597.9122,12548.7276,12553.3143,12638.3971,12637.543,12627.9071,12855.5952,13871.575,14834.4757,15303.2102,16093.8686,17159.4884,18332.0865,19417.3965,20768.9833,21560.3417,22767.3459,23211.2822,23418.4793,23593.4931,23543.365,23388.1469,23186.0035,23008.9129,22810.6261,22336.0989],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,9797.8889,9543.9566,9622.1122,9689.3402,9749.2046,9796.5814,9850.4129,9874.5226,9922.9922,9968.3895,9902.8865,9315.5109,8776.2222,8653.0959,8533.0314,8217.0116,7951.4135,7758.6035,7335.0167,7351.1583,7206.1541,7781.5692,8291.317,8787.7463,9429.8918,10148.15,10752.7934,11386.8839,12290.6708,13298.198],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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,57.5905,57.178,47.8272,78.2466,140.2761,151.7776,153.8738,257.4663,532.3327,804.2384,913.176,1125.7263,1394.6962,1686.4567,1930.5259,2232.1696,2322.6065,2562.4347,2536.7408,2357.3487,2192.3267,1934.4078,1678.7981,1369.6269,1194.3546,1206.1572,1058.8668],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,76.1406,91.268,103.7892,134.5246,214.0862,332.1167,448.3285,583.8081,745.9857,934.0799,1133.3691,1353.1292,1547.0247,1750.1067,1907.4335,1997.4165,2036.3986,2016.0004,1948.5599,1832.7733,1705.0896,1605.3031,1496.0159],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,64.1355,60.5095,50.0846,122.9417,318.2464,472.1217,464.8475,541.9182,648.7105,752.3768,797.1568,879.0404,775.5818,812.3281,629.3073,359.9322,155.9282,-81.5927,-269.7619,-463.1464,-510.735,-399.1459,-437.149],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":[0.0,0.0,-3.4353,-16.2128,-10.7248,-13.733,-8.8729,0.0,-2.5041,-3.2841,-18.7603,-7.3481,-3.3662,-7.5123,-8.3744,-4.4335,-0.4105,-4.064,-4.5977,0.0,0.0,0.0,-7.3593,0.0,0.0,0.0,0.0,0.0,-7.0363,0.0,-10.3191,-17.6141,-17.4802,-23.2805,-25.0429,-30.067,-25.4464,-16.3393,-24.3304],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,21.8114,18.7611,17.8111,0.0,14.0475,18.949,13.8454,12.7842,17.6352,22.5872,18.0899,17.433,30.571,55.4826,63.4159,51.3896,68.8226,83.426,95.7049,100.1011,116.8772,101.617,126.377,103.0168,86.5028,86.8058,73.6753,69.6857,58.3123,49.6416,67.9211,51.8817],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,9.4236,9.4952,9.334,8.8707,9.0673,9.4011,8.5837,7.8519,7.529,8.4192,8.1544,7.9254,7.9562,7.718,7.2447,7.9489,7.4906,8.6418,9.4913,8.969,9.6704,10.0624,11.8139,11.5776,10.6133,11.9495],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,25.3726,28.0506,26.8818,26.4574,25.4951,24.6329,24.129,24.5537,24.0646,23.5394,25.9482,39.2983,51.3179,55.5187,61.4031,70.4784,78.99,85.8021,95.6018,98.2943,103.833,99.5695,95.41,91.4464,85.6056,78.9592,73.2684,67.5782,59.9406,50.7259],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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,19.3766,21.9761,22.9001,24.5006,24.4124,23.3788,22.4961,20.9138,19.8147,19.9821,19.2212,18.2479,17.2214],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,19.4923,18.1324,20.465,23.8679,22.5083,20.2712,26.3345,37.143,39.4446,35.3564,40.6484,41.4292,38.768,38.0941,43.498,39.5991,44.5437,39.9776,36.7922,36.8917,34.1739,31.2138,26.4606,30.6091,29.7848,28.111],"stroke":"#07865c","width":1.6},{"label":"Negative 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