{"schema_version":"1.0","name":"XEQ2 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"36a5cfef-ac46-4c97-b9fd-2f0a79d25ece","symbol":"XEQ2","name":"Xtrackers Diversified Portfolio","exchange":"MIL","country":"IT","asset_type":"etf","currency":"EUR","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, Activity pressure and cumulative balance, Range position and boundary pressure, 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":25,"displayedObservations":25,"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":["2026-03-06","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"],"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],"opens":[10.074,9.923,9.961,9.772,9.845,9.799,9.805,10.06,10.026,9.969,9.982,10.08,10.186,10.286,10.056,10.244,10.184,10.212,10.162,10.142,10.094,10.062,10.078,10.166,10.188],"highs":[10.13,9.971,10.13,9.845,9.845,9.805,10.084,10.06,10.026,9.982,9.982,10.098,10.188,10.286,10.056,10.244,10.184,10.238,10.162,10.142,10.094,10.1,10.262,10.18,10.188],"lows":[10.042,9.908,9.851,9.5,9.845,9.799,9.805,10.044,9.974,9.969,9.982,9.944,10.186,10.112,10.056,10.18,10.184,10.172,10.148,10.094,10.014,9.992,10.078,10.166,10.188],"closes":[10.046,9.954,9.772,9.845,9.845,9.805,10.06,10.026,9.974,9.982,9.982,10.094,10.188,10.112,10.056,10.18,10.184,10.172,10.148,10.094,10.014,10.036,10.172,10.166,10.188],"hoverRows":[[{"label":"Open","value":"10.1","className":"is-ohlc","compact":true},{"label":"High","value":"10.1","className":"is-ohlc","compact":true},{"label":"Low","value":"10.0","className":"is-ohlc","compact":true},{"label":"Close","value":"10.0","className":"is-ohlc","compact":true},{"label":"Market 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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":25,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-03-06","price":10.046}],"reversal_dangers":[{"date":"2026-03-13","price":9.954}]}},"smTape":{"available":true,"dates":["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":[10.046,9.954,9.772,9.845,9.845,9.805,10.06,10.026,9.974,9.982,9.982,10.094,10.188,10.112,10.056,10.18,10.184,10.172,10.148,10.094,10.014,10.036,10.172,10.166,10.188],"consensus":[-90.9091,46.0317,-100.0,58.0,-52.424,-28.4556,55.6564,8.6865,-9.2084,29.1291,0.0,52.5703,73.9599,0.0,0.0,30.8525,22.4926,0.0,0.0,-37.7234,-50.7194,-13.7404,45.6211,8.2232,31.2896],"supportDates":["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,-12.9906,52.6824,10.9333,-27.8664,28.1276,0.0,48.9105,70.7169,0.0,0.0,18.9154,27.6811,0.0,0.0,-32.8728,-56.3773,-10.5264,42.7206,2.5129,27.8994],"force":[-90.9091,46.0317,-100.0,58.0,-9.8544,-4.5823,54.7909,14.9111,-28.8747,27.001,0.0,56.9679,80.3892,0.0,0.0,12.8953,0.8038,0.0,0.0,-80.1608,-53.4596,-9.9048,74.3187,11.641,17.4634],"direction":[null,null,null,null,-82.8308,-63.1822,59.6734,47.9647,-26.1625,31.7938,0.0,53.6117,73.0739,0.0,0.0,57.3215,32.0547,0.0,0.0,-12.9545,-42.2958,-34.3028,28.4377,34.6818,45.0399],"intensity":[null,null,null,null,75.0,20.0,66.6667,57.1429,25.0,11.1111,10.0,45.4545,75.0,38.4615,64.2857,60.0,25.0,23.5294,38.8889,26.3158,45.0,9.5238,63.6364,47.8261,12.5],"confirmation":[51.7576,37.3968,54.6667,41.2267,60.163,53.9472,85.829,30.5396,31.5097,77.2717,25.1527,85.0123,91.9125,38.1615,4.2286,77.5074,51.7909,7.1972,31.3062,81.4387,84.2275,28.505,83.5176,5.2091,55.0],"persistence":[null,null,33.3333,0.0,20.0,33.3333,14.2857,0.0,0.0,0.0,12.5,12.5,37.5,50.0,37.5,37.5,62.5,50.0,50.0,25.0,0.0,12.5,0.0,0.0,0.0],"assessmentRisk":[null,null,null,null,22.2962,32.751,20.6765,40.0775,44.0362,31.1438,28.8055,1.4791,11.2271,45.836,27.9284,21.3421,13.4453,25.4851,38.2777,24.7808,24.0156,41.5706,7.2149,33.2484,33.7115],"volumeParticipation":true,"latest":{"consensus":31.3,"control":27.9,"force":17.5,"direction":45.0,"confirmation":55.0,"persistence":0.0,"assessmentRisk":33.7,"intensity":12.5,"evidenceDepth":96},"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":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+31.3","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+27.9","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+17.5","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+45.0","detail":"Upward 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}