{"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":"3c8e7eef-d1ed-4488-92b0-20a5dc0b0d01","symbol":"WQTM","name":"WisdomTree Quantum Computing UCITS ETF - USD Acc","exchange":"GER","country":"DE","asset_type":"etf","currency":"EUR","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, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, 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":[-0.708273,-0.944565,-0.890812,-0.342104,0.31107,0.840864,1.463093,1.628395,1.729327,1.913162,1.570112,1.380351,1.181902,0.914224,0.776285,0.573938,0.189165,-0.139694,-0.445465,-0.613874,-0.584898,-0.582465],"opens":[24.280001,24.165001,25.17,26.205,30.18,30.635,31.66,33.465,33.400002,38.834999,38.34,36.084999,37.16,35.904999,35.439999,34.825001,30.924999,31.215,31.700001,31.799999,34.5,35.044998],"highs":[26.190001,25.08,26.445,30.540001,31.0,30.665001,33.584999,35.395,38.439999,40.645,38.549999,36.895,37.375,36.014999,35.735001,35.009998,31.07,32.674999,32.34,34.325001,35.360001,35.165001],"lows":[24.209999,23.584999,24.584999,26.0,29.959999,29.389999,31.200001,33.240002,31.635,37.115002,36.825001,35.764999,37.009998,35.09,35.279999,34.369999,30.215,31.0,29.65,31.355,33.695,32.095001],"closes":[24.315001,24.950001,26.375,30.395,30.459999,30.51,32.834999,33.720001,38.235001,38.395,36.834999,36.744999,37.299999,35.695,35.654999,34.494999,30.950001,31.440001,31.41,33.955002,34.799999,32.825],"hoverRows":[[{"label":"Open","value":"24.3","className":"is-ohlc","compact":true},{"label":"High","value":"26.2","className":"is-ohlc","compact":true},{"label":"Low","value":"24.2","className":"is-ohlc","compact":true},{"label":"Close","value":"24.3","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":"35.0","className":"is-ohlc","compact":true},{"label":"High","value":"35.2","className":"is-ohlc","compact":true},{"label":"Low","value":"32.1","className":"is-ohlc","compact":true},{"label":"Close","value":"32.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.58","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":[23.470201,39.2398],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.582465,"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":30.459999}],"reversal_warnings":[{"date":"2026-05-22","price":38.235001}],"reversal_dangers":[{"date":"2026-06-05","price":36.834999}]}},"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":[22.565,25.43,26.355,28.57,28.695,28.315,28.02,29.9,26.205,25.815,23.6,25.785,27.02,25.985,25.58,26.4,26.005,27.855,28.515,27.645,26.475,25.915,25.705,25.76,26.09,26.075,25.81,24.925,24.315,24.95,26.375,30.395,30.46,30.51,32.835,33.72,38.235,38.395,36.835,36.745,37.3,35.695,35.655,34.495,30.95,31.44,31.41,33.955,34.8,32.825],"consensus":[63.9873,79.3215,41.1458,49.4775,56.8527,24.0466,22.0463,59.8058,-43.0023,-24.3467,-57.1296,14.8268,33.824,-19.5731,0.0,18.198,0.0,52.9343,43.684,0.0,-24.0332,-18.4835,-23.8066,-11.6924,0.0,0.0,0.0,-39.3945,-36.5085,0.0,32.7862,72.6437,38.2409,44.0879,70.4876,48.8264,83.3694,39.9649,11.097,46.5875,36.3222,0.0,20.6146,-20.7208,-40.7513,-26.2639,-25.8382,35.599,33.1633,-27.1153],"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,6.1485,10.3485,62.2485,-40.0022,-17.1984,-54.919,33.9582,33.7437,-28.6598,0.0,19.9933,0.0,50.8779,42.3255,0.0,-31.338,-10.9295,-18.8788,-2.5623,0.0,0.0,0.0,-44.2911,-35.7842,0.0,39.4412,69.3069,33.9405,45.5604,66.4885,33.1541,82.8996,29.1063,7.5838,49.2952,51.1527,0.0,34.5454,-18.8803,-33.8183,-23.1859,-15.7477,40.8352,30.6623,-34.3183],"force":[63.9873,79.3215,41.1458,49.4775,0.8686,8.33,6.2052,53.5715,-75.6417,-29.8778,-57.0317,41.4844,43.6146,-34.543,0.0,19.4349,0.0,80.3559,45.4073,0.0,-46.4528,-17.7807,-18.6688,-1.9202,0.0,0.0,0.0,-42.2001,-27.9479,0.0,48.0297,98.017,14.7943,19.5704,82.4825,49.1126,97.9148,11.702,36.5301,19.7847,11.6937,0.0,2.9596,-41.3938,-34.2345,-2.1042,-9.7339,76.6124,37.0691,-50.5893],"direction":[null,null,null,null,98.0823,67.6277,55.5949,61.4672,-23.1172,-28.5654,-59.7258,26.0788,26.9225,-1.5046,0.0,15.2626,0.0,35.6975,44.0057,0.0,-0.3291,-27.6186,-33.1081,-29.107,0.0,0.0,0.0,-31.7942,-43.4509,0.0,14.2923,58.3334,59.9033,59.9175,66.4902,66.5331,73.5169,72.5626,66.4658,62.6378,36.965,0.0,17.3044,-8.0578,-53.3297,-50.0447,-48.8732,0.3196,33.2317,-2.1162],"intensity":[null,null,null,null,100.0,20.0,66.6667,28.5714,100.0,55.5556,40.0,27.2727,16.6667,7.6923,14.2857,13.3333,6.25,47.0588,11.1111,15.7895,30.0,47.619,9.0909,4.3478,41.6667,12.0,7.6923,29.6296,10.7143,41.3793,53.3333,100.0,96.875,9.0909,88.2353,62.8571,100.0,100.0,63.1579,48.7179,40.0,53.6585,2.381,34.8837,95.4545,48.8889,41.3043,80.8511,72.9167,59.1837],"confirmation":[43.1426,48.0495,35.8333,38.4995,38.4988,8.758,53.0292,86.9106,82.8012,76.0684,86.3122,33.4956,79.1233,52.2355,2.5484,73.8337,2.8345,85.806,82.0521,4.9127,53.6661,74.0084,75.5366,26.2495,24.9575,1.0927,24.465,80.6171,79.4328,30.0561,78.8547,92.0701,79.5881,81.3385,90.9825,83.872,95.1287,80.0929,11.7952,82.0499,78.6465,28.8698,51.1797,75.2887,80.9475,53.369,75.9312,57.8952,78.7694,54.6159],"persistence":[null,null,100.0,100.0,100.0,100.0,100.0,100.0,75.0,50.0,25.0,25.0,25.0,0.0,12.5,12.5,0.0,25.0,50.0,37.5,12.5,12.5,0.0,25.0,25.0,37.5,50.0,62.5,62.5,50.0,25.0,0.0,12.5,25.0,37.5,62.5,87.5,100.0,100.0,100.0,100.0,87.5,87.5,62.5,37.5,12.5,12.5,12.5,12.5,25.0],"assessmentRisk":[null,null,null,null,21.5726,37.0804,32.5655,10.2849,21.4716,31.6538,20.4751,56.0748,3.7841,14.4502,41.9416,8.6709,30.2687,14.4665,25.5,30.062,26.5292,36.6526,37.0774,41.464,20.1169,10.8792,9.9359,19.5411,30.8205,45.5455,16.7436,13.6553,30.8731,27.9458,14.7516,25.0432,8.3081,30.011,43.4195,23.678,43.4738,46.8691,39.2904,31.5916,29.5091,35.7947,35.9957,31.6218,31.7058,50.2711],"volumeParticipation":true,"latest":{"consensus":-27.1,"control":-34.3,"force":-50.6,"direction":-2.1,"confirmation":54.6,"persistence":25.0,"assessmentRisk":50.3,"intensity":59.2,"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":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-27.1","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-34.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-50.6","detail":"Downward 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