{"schema_version":"1.0","name":"AM16 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"3672ebe3-e5ea-460c-9eb5-3edab190e8d0","symbol":"AM16","name":"AMUNDI MSCI CHINA UCITS ETF","exchange":"VIE","country":"AT","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 has moved below the distribution zone after Market Dynamics weakened.","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, Strength versus the research benchmark, Acceleration, deceleration and rollover, Range pressure and compression, Directional strength and control, Drawdown and recovery pressure."},{"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":60,"displayedObservations":60,"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 has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Rollover warning","headline":"Price has moved below distribution as Market Dynamics weakened","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the 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warning","tone":"negative","headline":"Price has moved below distribution as Market Dynamics weakened","use":"The upward trend may still be visible, but this transition increases downside risk. Further price weakness would confirm the rollover.","confirm":"Further price weakness with weak Market Dynamics would confirm the rollover.","invalidate":"A recovery in both price and Market Dynamics would remove the rollover warning.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":0.0,"averageReturn":6.0,"sample":1},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price has moved below distribution","detail":"Price left the upper zone as Market Dynamics weakened."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. 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":"In this ticker's completed record, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 6.0% across 1 cases.","watch":"A recovery in both price and Market Dynamics would remove the rollover warning."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 2 cases. Distinct visits lasted 1.5 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 0.7% across 1 completed cases, with the largest move arriving after 1.0 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-08","price":172.539993},{"date":"2026-08-07","price":173.380005}],"reversal_dangers":[{"date":"2026-06-19","price":180.639999},{"date":"2026-08-14","price":171.800003}]}},"smTape":{"available":true,"dates":["2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","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":[127.66,129.38,132.16,133.9,132.94,134.82,137.42,145.14,149.28,147.66,150.34,149.7,150.54,154.12,149.96,151.14,156.06,156.98,156.82,156.0,151.12,153.96,155.04,150.98,152.04,153.54,157.12,162.66,162.06,161.08,158.78,159.24,159.2,162.02,163.48,162.26,166.16,159.04,157.4,158.4,162.52,166.34,167.54,169.46,172.54,173.46,172.86,174.88,171.54,172.8,180.64,179.02,177.32,176.38,165.5,170.62,167.44,173.38,171.8,168.82],"consensus":[-100.0,76.8121,94.5949,29.9988,35.5442,69.3379,78.0763,95.4235,84.4614,36.7885,75.4714,41.5024,54.4595,64.7442,-11.0874,33.7405,71.5773,28.5378,27.5667,18.5091,-31.1521,31.5844,26.3476,-48.4915,15.484,18.3505,55.3129,76.3338,25.0496,19.1295,0.0,17.5819,0.0,41.6083,40.6264,11.7225,55.7128,-39.307,-21.8358,-14.6778,27.6526,56.8383,46.1118,54.3112,55.3493,24.6323,34.0262,30.1392,0.0,38.9264,62.373,44.3828,20.995,37.6385,-43.009,0.0,-53.6152,32.0333,-10.6506,-39.2219],"supportDates":["2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","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":[90.5724,23.5718,77.9788,30.6085,47.4168,60.7926,-19.269,24.9265,85.9913,19.8269,17.4223,6.5385,-31.4248,51.687,44.3622,-39.0971,22.161,32.2553,62.9984,83.9706,15.9974,7.5723,0.0,33.785,0.0,57.8328,44.3813,2.8647,64.3118,-44.5288,-13.4076,-5.9992,48.2781,70.1993,43.2345,64.0304,62.7432,11.6379,30.9756,19.1514,0.0,55.007,63.6958,47.6562,11.9757,40.0516,-34.126,0.0,-45.3171,44.4133,-24.2162,-36.6259],"force":[60.9302,14.9372,52.722,1.5503,43.5593,41.8939,-75.0316,12.8176,61.2429,1.3277,3.3574,13.6875,-54.0474,33.6483,14.6218,-91.2666,23.1221,13.3141,69.0934,90.8826,4.3021,8.8075,0.0,11.4445,0.0,27.5583,23.101,10.0304,45.0344,-51.8598,-7.741,-5.2173,32.4534,46.955,42.3702,36.4611,36.0325,4.0537,8.4414,9.253,0.0,31.4708,60.1337,23.014,8.0306,27.7772,-36.7284,0.0,-72.1876,62.7374,-22.8191,-57.6361],"direction":[94.2855,88.8403,88.8554,84.7046,70.2943,85.5821,-43.9376,58.7587,62.4858,57.9289,61.249,55.1873,-14.4868,7.1357,14.135,-28.6743,2.3972,6.0566,36.6861,57.214,56.3604,52.2927,0.0,3.448,0.0,33.1016,48.8531,37.3834,53.5127,-24.3729,-41.5359,-31.3538,0.6514,48.628,52.0726,55.9537,60.6969,59.973,55.7874,57.6155,0.0,25.8739,62.4608,55.905,52.0353,41.9245,-57.6471,0.0,-49.8328,4.0467,-13.5447,-29.0359],"intensity":[87.5,11.1111,60.0,9.0909,25.0,84.6154,78.5714,60.0,87.5,88.2353,5.5556,10.5263,85.0,57.1429,36.3636,69.5652,66.6667,76.0,61.5385,92.5926,42.8571,10.3448,60.0,6.4516,34.375,51.5152,29.4118,28.5714,72.2222,97.2973,94.7368,46.1538,72.5,92.6829,54.7619,20.9302,63.6364,84.4444,71.7391,78.7234,89.5833,10.2041,100.0,21.5686,17.3077,13.4615,100.0,96.1538,50.0,84.6154,84.6154,71.1538],"confirmation":[94.2174,36.2506,91.4193,57.7988,85.2022,88.082,37.4121,78.2936,90.3701,53.7689,54.0831,8.0441,78.6623,55.1969,75.7994,84.9641,50.4192,50.8401,86.003,92.7538,53.5104,7.3251,4.3831,50.5256,25.0718,80.6392,80.4091,5.363,85.3716,80.8812,52.0197,27.2075,54.0142,85.6835,82.6856,84.6875,85.0104,53.4042,78.1551,77.1755,28.9172,79.9842,87.871,81.5014,30.3511,79.707,81.7068,31.6746,85.8493,57.1944,29.1285,81.1518],"persistence":[100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,75.0,75.0,75.0,75.0,50.0,50.0,75.0,50.0,50.0,50.0,50.0,50.0,75.0,75.0,62.5,87.5,75.0,75.0,75.0,75.0,75.0,50.0,37.5,12.5,25.0,25.0,25.0,25.0,25.0,50.0,75.0,100.0,87.5,87.5,87.5,87.5,87.5,87.5,62.5,50.0,37.5,37.5,12.5,12.5],"assessmentRisk":[7.7692,31.601,12.2617,26.7777,3.1299,17.2238,1.0351,6.4314,11.7578,23.4471,35.2578,36.9079,31.3579,55.7773,42.1082,22.7808,7.6831,16.3619,3.0886,11.7992,37.3625,40.0327,23.3127,50.6598,37.3308,2.5309,27.7555,36.3381,21.9666,17.4732,37.0085,35.4613,56.6641,20.8044,26.8301,22.7958,22.2113,36.899,30.4091,32.4798,19.2885,30.3706,18.5125,23.4565,37.8625,24.1202,28.4332,50.0458,22.1024,44.6437,49.1916,1.2775],"volumeParticipation":false,"latest":{"consensus":-39.2,"control":-36.6,"force":-57.6,"direction":-29.0,"confirmation":81.2,"persistence":12.5,"assessmentRisk":1.3,"intensity":71.2,"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":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-39.2","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-36.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-57.6","detail":"Downward 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envelope.","reason":"Selected as the anchor because price is rotating through its trend references.","series":[{"label":"Close","values":[127.66,129.38,132.16,133.9,132.94,134.82,137.42,145.14,149.28,147.66,150.34,149.7,150.54,154.12,149.96,151.14,156.06,156.98,156.82,156.0,151.12,153.96,155.04,150.98,152.04,153.54,157.12,162.66,162.06,161.08,158.78,159.24,159.2,162.02,163.48,162.26,166.16,159.04,157.4,158.4,162.52,166.34,167.54,169.46,172.54,173.46,172.86,174.88,171.54,172.8,180.64,179.02,177.32,176.38,165.5,170.62,167.44,173.38,171.8,168.82],"stroke":"#10243b","width":2.1},{"label":"Fast 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direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,56.0215,45.7352,40.1118,38.8143,43.6601,40.6816,37.4375,32.8798,30.2739,30.7624,27.3929,25.6028,27.9566,33.546,39.9443,40.3756,38.0089,34.8265,32.2033,32.8352,33.2281,36.1079,32.6141,33.9813,29.3771,27.1118,26.868,29.9405,34.3121,36.7393,36.8049,41.0723,45.9872,42.9089,44.9987,41.9485,42.9609,50.9852,48.9054,47.0241,45.5084,36.6625,44.5013,39.8795,35.1294,34.1138,30.5608],"stroke":"#07865c","width":1.6},{"label":"Negative 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