{"schema_version":"1.0","name":"WQTM Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"39d320ea-a85f-4a59-98de-ba177ace333e","symbol":"WQTM","name":"WisdomTree Quantum Computing UCITS ETF - USD Acc","exchange":"EBS","country":"CH","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","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, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, Drawdown and recovery pressure, Directional strength and control, 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":50,"displayedObservations":50,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Underlying support lags price","headline":"Market Dynamics is weaker than the current price position","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[-0.669361,-0.89565,-0.86475,-0.416798,0.088396,0.587847,1.108535,1.24879,1.35956,1.44185,1.376244,1.262347,1.151823,0.952222,0.80466,0.588273,0.177273,-0.165989,-0.488497,-0.653044,-0.617783,-0.602159],"opens":[28.120001,27.795,29.040001,30.66,35.485001,35.98,37.139999,39.345001,39.470001,44.73,44.345001,41.75,42.825001,40.740002,40.575001,39.514999,35.5,35.650002,36.125,36.785,39.380001,40.544998],"highs":[29.9,28.889999,30.625,35.84,36.095001,36.009998,39.330002,41.439999,44.669998,46.165001,44.810001,42.700001,42.825001,40.915001,40.825001,39.514999,35.549999,37.215,36.810001,39.610001,40.669998,40.544998],"lows":[28.120001,27.115,29.040001,30.66,35.290001,34.73,36.919998,38.955002,37.0,43.450001,42.605,41.75,42.825001,40.540001,40.575001,39.514999,35.0,35.395,34.014999,36.599998,39.040001,37.985001],"closes":[28.165001,28.889999,30.625,35.84,35.709999,35.869999,38.810001,39.169998,44.669998,45.080002,42.605,42.700001,42.825001,40.744999,40.825001,39.514999,35.360001,35.395,36.490002,39.360001,40.544998,37.985001],"hoverRows":[[{"label":"Open","value":"28.1","className":"is-ohlc","compact":true},{"label":"High","value":"29.9","className":"is-ohlc","compact":true},{"label":"Low","value":"28.1","className":"is-ohlc","compact":true},{"label":"Close","value":"28.2","className":"is-ohlc","compact":true},{"label":"Market 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repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"40.5","className":"is-ohlc","compact":true},{"label":"High","value":"40.5","className":"is-ohlc","compact":true},{"label":"Low","value":"38.0","className":"is-ohlc","compact":true},{"label":"Close","value":"38.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.60","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[27.150101,46.094902],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.602159,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"slight strengthening","fourWeekDirection":"weakening","now":{"label":"Slightly stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Price response ahead of support","detail":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","annotations":[{"label":"Current tape relationship","value":"Price response ahead of support","detail":"Market Dynamics improved this week but remains below zero.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"24 Apr 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Lagging price","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":22,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-04-24","price":35.709999}],"reversal_warnings":[{"date":"2026-05-22","price":44.669998}],"reversal_dangers":[{"date":"2026-06-05","price":42.605}]}},"smTape":{"available":true,"dates":["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":[26.58,30.02,30.785,33.845,34.97,33.495,31.96,34.79,30.9,29.73,27.47,29.895,32.03,31.76,30.05,30.98,30.28,32.215,33.095,32.885,31.765,29.795,30.11,30.385,31.755,30.805,29.605,29.31,28.165,28.89,30.625,35.84,35.71,35.87,38.81,39.17,44.67,45.08,42.605,42.7,42.825,40.745,40.825,39.515,35.36,35.395,36.49,39.36,40.545,37.985],"consensus":[79.3313,100.0,27.5,58.0,72.5754,18.188,0.0,66.708,-40.3829,-40.1002,-61.5436,10.2312,44.8351,28.8476,-10.8517,28.4989,0.0,45.8432,51.2838,22.7703,-17.3586,-56.1172,-29.2595,-13.9383,29.9852,-11.6773,-27.3296,-29.3427,-58.6517,0.0,35.1245,75.4982,37.765,48.3236,76.6768,34.1232,85.6257,53.2087,0.0,53.4589,23.0939,0.0,21.9436,-17.7583,-54.9667,-45.0633,0.0,40.9746,47.088,-29.6839],"supportDates":["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":[null,null,null,null,null,3.7796,0.0,76.9663,-39.6226,-29.6109,-64.9794,33.2571,50.3514,29.4852,-22.4584,34.342,0.0,50.817,49.5485,20.9551,-21.7472,-52.0622,-29.1462,-9.3991,39.2143,-20.3193,-29.8392,-30.1365,-51.3536,0.0,43.3891,73.5163,34.6292,50.1469,75.8765,19.8971,85.846,46.5998,0.0,59.0815,33.2388,0.0,41.1926,-12.7055,-46.5908,-47.1226,0.0,45.9997,50.5771,-43.2207],"force":[79.3313,100.0,27.5,58.0,34.814,19.7402,0.0,63.1832,-62.5836,-54.5467,-52.8766,32.0602,47.231,14.8413,-23.1658,33.0304,0.0,70.2062,64.3343,4.753,-60.5758,-84.5921,-18.5904,-3.5856,44.1577,-18.2711,-20.3452,-16.7253,-75.2602,0.0,49.8524,99.5539,8.3204,24.5168,87.4287,8.9084,99.111,32.2008,0.0,27.92,5.4278,0.0,7.2862,-27.0319,-63.6572,-21.8098,0.0,81.0261,52.9377,-53.0541],"direction":[null,null,null,null,99.5478,70.3853,0.0,57.5021,-25.3941,-41.7691,-63.8077,31.6763,36.8194,38.1234,-11.2089,18.5842,0.0,22.7567,43.9452,37.7143,-18.5263,-40.4122,-37.0098,-31.6432,9.3145,-2.9092,-29.4504,-37.448,-55.1292,0.0,15.1593,60.5805,62.3806,63.2447,69.9114,68.3923,75.7416,75.7673,0.0,65.2752,31.8723,0.0,10.4143,-16.9088,-58.3317,-59.3193,0.0,6.6235,38.922,-2.4795],"intensity":[null,null,null,null,100.0,20.0,50.0,57.1429,87.5,33.3333,70.0,18.1818,16.6667,7.6923,14.2857,6.6667,6.25,35.2941,16.6667,5.2632,20.0,42.8571,9.0909,13.0435,29.1667,20.0,30.7692,18.5185,32.1429,27.5862,56.6667,100.0,96.875,9.0909,85.2941,60.0,100.0,100.0,65.7895,56.4103,25.0,60.9756,2.381,34.8837,90.9091,42.2222,36.9565,76.5957,64.5833,71.4286],"confirmation":[48.0527,54.6667,31.4667,41.2267,66.8312,10.0166,32.3736,89.0828,81.6107,81.4322,87.3775,33.0126,82.3362,76.7947,28.7289,77.1687,3.5057,83.3365,84.835,52.0984,33.4239,86.8871,77.0396,50.0936,77.8866,49.76,76.4944,76.993,87.3859,31.116,79.5627,92.9227,79.2352,82.7102,92.8764,78.3678,95.8079,84.4872,38.5644,84.2428,52.8575,4.6703,51.6153,74.0423,85.9818,81.6802,11.1309,59.5893,83.1933,55.8671],"persistence":[null,null,100.0,100.0,100.0,100.0,85.7143,87.5,62.5,37.5,12.5,12.5,12.5,12.5,0.0,0.0,12.5,37.5,62.5,62.5,37.5,12.5,12.5,12.5,0.0,25.0,50.0,75.0,75.0,62.5,37.5,12.5,12.5,12.5,37.5,62.5,87.5,100.0,87.5,87.5,87.5,75.0,75.0,50.0,25.0,0.0,0.0,0.0,0.0,12.5],"assessmentRisk":[null,null,null,null,13.7122,38.974,26.7745,10.6147,26.2849,25.8941,16.947,53.5187,0.0914,21.473,47.3065,9.2078,34.0748,11.7493,19.9074,26.3151,42.7303,17.7958,33.4826,40.5685,15.3918,41.3123,6.5595,23.0844,20.5387,45.225,19.3546,12.1862,31.097,25.8061,11.6538,30.8522,7.1638,23.3767,45.825,19.256,45.7207,46.1395,43.3998,34.8026,22.3659,26.5264,46.1866,23.8359,25.3023,59.2637],"volumeParticipation":true,"latest":{"consensus":-29.7,"control":-43.2,"force":-53.1,"direction":-2.5,"confirmation":55.9,"persistence":12.5,"assessmentRisk":59.3,"intensity":71.4,"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":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Present","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-29.7","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-43.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-53.1","detail":"Downward 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}