{"schema_version":"1.0","name":"VCAA Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"395f3d3b-e008-4878-9754-b067fb3db02b","symbol":"VCAA","name":"Vanguard EUR Cash UCITS ETF EUR Acc","exchange":"GER","country":"DE","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Price structure and the underlying tape currently point in the same direction.","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, Directional strength and control, Range pressure and compression, Directional pressure and rotation, Range position and boundary pressure, Activity pressure and cumulative balance."},{"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":37,"displayedObservations":37,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Price structure and the underlying tape currently point in the same direction.","evidenceAlignment":{"status":"Evidence aligned","headline":"Upward price structure is supported by Market Dynamics","summary":"Price structure and the underlying tape currently point in the same direction.","take":"The advance is confirmed on the completed evidence, while extension and reversal risk still require monitoring.","tone":"positive","conflict":false},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[4.205927,5.530382,5.387839,5.390763,5.418411,5.432156,5.635131,5.695371,5.823256],"opens":[15.16,15.1676,15.1731,15.1805,15.1812,15.1892,15.1935,15.2013,15.2088],"highs":[15.1631,15.1716,15.1767,15.1833,15.2296,15.1949,15.2032,15.2368,15.2154],"lows":[15.16,15.1676,15.1731,15.1793,15.1765,15.1769,15.1935,15.2007,15.2074],"closes":[15.1616,15.1707,15.1762,15.183,15.1899,15.194,15.2004,15.2083,15.2141],"hoverRows":[[{"label":"Open","value":"15.2","className":"is-ohlc","compact":true},{"label":"High","value":"15.2","className":"is-ohlc","compact":true},{"label":"Low","value":"15.2","className":"is-ohlc","compact":true},{"label":"Close","value":"15.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"4.21","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.2","className":"is-ohlc","compact":true},{"label":"High","value":"15.2","className":"is-ohlc","compact":true},{"label":"Low","value":"15.2","className":"is-ohlc","compact":true},{"label":"Close","value":"15.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"5.53","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.2","className":"is-ohlc","compact":true},{"label":"High","value":"15.2","className":"is-ohlc","compact":true},{"label":"Low","value":"15.2","className":"is-ohlc","compact":true},{"label":"Close","value":"15.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"5.39","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.2","className":"is-ohlc","compact":true},{"label":"High","value":"15.2","className":"is-ohlc","compact":true},{"label":"Low","value":"15.2","className":"is-ohlc","compact":true},{"label":"Close","value":"15.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"5.39","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"15.2","className":"is-ohlc","compact":true},{"label":"High","value":"15.2","className":"is-ohlc","compact":true},{"label":"Low","value":"15.2","className":"is-ohlc","compact":true},{"label":"Close","value":"15.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"5.42","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.2","className":"is-ohlc","compact":true},{"label":"High","value":"15.2","className":"is-ohlc","compact":true},{"label":"Low","value":"15.2","className":"is-ohlc","compact":true},{"label":"Close","value":"15.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"5.43","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.2","className":"is-ohlc","compact":true},{"label":"High","value":"15.2","className":"is-ohlc","compact":true},{"label":"Low","value":"15.2","className":"is-ohlc","compact":true},{"label":"Close","value":"15.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"5.64","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.2","className":"is-ohlc","compact":true},{"label":"High","value":"15.2","className":"is-ohlc","compact":true},{"label":"Low","value":"15.2","className":"is-ohlc","compact":true},{"label":"Close","value":"15.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"5.70","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"15.2","className":"is-ohlc","compact":true},{"label":"High","value":"15.2","className":"is-ohlc","compact":true},{"label":"Low","value":"15.2","className":"is-ohlc","compact":true},{"label":"Close","value":"15.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"5.82","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-6.638512,6.638512],"priceRange":[15.15845,15.21725],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":5.823256,"state":"Positive and broadly steady","context":{"scenario":"positiveSteady","latestDirection":"slight strengthening","fourWeekDirection":"steady","now":{"label":"Slightly stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"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":"Extended but supported","detail":"Price is inside distribution conditions, but Market Dynamics still offers support. Extension can persist; a rollover has not been confirmed.","tone":"caution"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price is inside distribution conditions, but Market Dynamics still offers support. Extension can persist; a rollover has not been confirmed.","annotations":[{"label":"Current tape relationship","value":"Extended but supported","detail":"Market Dynamics strengthened this week and remains positive.","tone":"caution"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","tone":"caution"},{"label":"Latest positioning marker","value":"17 Jul 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"positive"},{"label":"Market Dynamics confirmation","value":"Supported","detail":"The broader path has not changed enough to establish a new direction.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":25,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-07-17","price":15.183}],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[15.0026,15.013,15.0168,15.0237,15.0316,15.0382,15.0417,15.0472,15.054,15.0594,15.0636,15.0688,15.0747,15.08,15.0828,15.0878,15.095,15.0967,15.108,15.11,15.1153,15.1226,15.1268,15.1324,15.1389,15.145,15.1496,15.157,15.1616,15.1707,15.1762,15.183,15.1899,15.194,15.2004,15.2083,15.2141],"consensus":[100.0,86.3946,88.8889,92.5,80.9447,45.8,45.7605,33.8094,37.8405,38.0971,48.9108,28.5298,42.1174,51.0204,25.9973,44.3955,28.4737,15.3082,49.5778,37.5818,41.8079,25.7945,38.7506,39.0245,46.2705,43.5042,27.438,45.0392,36.9248,49.7513,49.1819,52.0473,38.2904,48.9843,47.8214,36.524,51.2201],"supportDates":["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,34.2717,36.7495,15.5464,23.7898,29.1162,50.9108,13.0231,39.922,55.786,13.0482,41.8154,21.4635,7.8676,53.2034,43.616,48.5614,16.8905,45.93,43.1545,53.1238,51.3373,21.2565,50.5652,36.5331,54.3292,55.5742,60.314,31.2567,54.7293,51.3145,30.6819,55.626],"force":[100.0,86.3946,88.8889,92.5,54.3248,20.7046,17.9944,25.8399,28.9492,21.7103,27.3629,16.7752,25.4638,32.8445,9.6449,34.4973,19.1249,0.1546,52.5872,21.3576,28.9086,15.9418,23.7177,24.6826,34.4421,24.3735,7.1369,26.8963,16.6019,34.8728,28.8029,31.0524,25.1315,33.1394,32.2212,20.5517,38.7178],"direction":[null,null,null,null,99.959,76.9004,75.8916,60.374,60.2493,60.0659,62.0165,54.6478,56.5219,58.5567,52.4765,54.4144,43.163,34.8566,43.2848,42.2743,43.3035,43.008,41.2835,44.5487,46.887,48.217,49.0033,51.683,51.8888,55.1469,56.4329,57.596,55.7281,53.7363,54.9722,54.6096,55.1149],"intensity":[null,null,null,null,50.0,100.0,83.3333,100.0,87.5,33.3333,40.0,72.7273,66.6667,7.6923,71.4286,53.3333,50.0,64.7059,88.8889,10.5263,10.0,85.7143,72.7273,17.3913,16.6667,48.0,38.4615,25.9259,14.2857,37.931,6.6667,25.8065,59.375,57.5758,55.8824,57.1429,55.5556],"confirmation":[54.6667,50.3129,51.1111,52.2667,70.0187,82.0668,81.9345,78.8544,80.0521,79.8285,82.9643,77.0076,81.0035,83.7,76.0181,81.9442,76.9335,27.2404,83.9014,79.4398,80.8825,76.0896,79.8327,79.9878,82.3416,81.219,53.589,81.7754,79.2025,83.3972,83.0197,83.8893,79.9591,83.1045,82.7742,79.2899,91.9423],"persistence":[null,null,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"assessmentRisk":[null,null,null,null,9.5276,27.1,27.1198,33.0953,31.0798,30.9514,25.5446,35.7351,28.9413,24.4898,37.0014,27.8022,35.7632,42.3459,25.2111,31.2091,29.096,37.1028,30.6247,30.4878,26.8648,28.2479,36.281,27.4804,31.5376,25.1243,25.409,23.9763,30.8548,25.5079,26.0893,31.738,24.39],"volumeParticipation":true,"latest":{"consensus":51.2,"control":55.6,"force":38.7,"direction":55.1,"confirmation":91.9,"persistence":100.0,"assessmentRisk":24.4,"intensity":55.6,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+51.2","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+55.6","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+38.7","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+55.1","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"92/100","detail":"Strong support","tone":"positive"}]},"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":"Contained","tone":"neutral"},{"label":"Trend quality","value":"100.0","detail":"Directional","tone":"positive"},{"label":"Range position","value":"88%","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 upward.","series":[{"label":"Close","values":[15.0026,15.013,15.0168,15.0237,15.0316,15.0382,15.0417,15.0472,15.054,15.0594,15.0636,15.0688,15.0747,15.08,15.0828,15.0878,15.095,15.0967,15.108,15.11,15.1153,15.1226,15.1268,15.1324,15.1389,15.145,15.1496,15.157,15.1616,15.1707,15.1762,15.183,15.1899,15.194,15.2004,15.2083,15.2141],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,15.0138,15.0182,15.0225,15.027,15.0319,15.0369,15.0417,15.0467,15.0518,15.0569,15.0616,15.0664,15.0716,15.0761,15.0819,15.087,15.0922,15.0977,15.103,15.1083,15.1139,15.1196,15.125,15.1308,15.1364,15.1427,15.1488,15.155,15.1613,15.1673,15.1733,15.1797,15.1859],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,15.0309,15.0345,15.0381,15.0418,15.0457,15.0495,15.0538,15.058,15.0622,15.0667,15.0712,15.0757,15.0804,15.0852,15.0899,15.0949,15.0998,15.1051,15.1104,15.1157,15.1212,15.1266,15.1321,15.1377,15.1434],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,15.0681,15.0737,15.0792,15.0849,15.0906,15.0956,15.1006,15.1062,15.1111,15.1174,15.1228,15.1272,15.1325,15.1373,15.1424,15.148,15.154,15.1595,15.1655,15.1715,15.1783,15.1848,15.1916,15.1987,15.2053,15.2117,15.2184,15.2252],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,14.9975,14.9976,14.9976,14.9975,14.9973,14.9975,14.9976,14.9974,14.9976,14.9969,14.9967,15.0037,15.0093,15.0154,15.0213,15.0264,15.0311,15.0363,15.0413,15.0461,15.0505,15.0552,15.0598,15.0643,15.0691,15.0744,15.0798,15.0849],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,63.1154,68.4456,66.9425,70.2214,66.7323,64.9301,64.4396,64.7682,70.7537,69.7327,70.0628,69.8195,70.1618,71.0343,69.7796,70.1147,70.6123,70.9166,71.4949,74.2338,69.789,70.3188,72.9464,70.94],"stroke":"#07865c","width":1.6},{"label":"Negative 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