{"schema_version":"1.0","name":"ONSW Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"4a353902-a667-4445-84b2-630e8b64f334","symbol":"ONSW","name":"iShares € Overnight Rate Swap UCITS ETF EUR (Acc)","exchange":"GER","country":"DE","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, Directional strength and control, Range pressure and compression, Range position and boundary pressure, Directional pressure and rotation, 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":33,"displayedObservations":33,"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":["2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"values":[5.529802,7.363976,7.206399,6.767793,6.2053],"opens":[5.0714,5.0885,5.0768,5.0791,5.0825],"highs":[5.074,5.0895,5.0792,5.0832,5.0844],"lows":[5.0714,5.0736,5.0762,5.0766,5.0818],"closes":[5.0736,5.0765,5.0788,5.0832,5.0838],"hoverRows":[[{"label":"Open","value":"5.07","className":"is-ohlc","compact":true},{"label":"High","value":"5.07","className":"is-ohlc","compact":true},{"label":"Low","value":"5.07","className":"is-ohlc","compact":true},{"label":"Close","value":"5.07","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.09","className":"is-ohlc","compact":true},{"label":"High","value":"5.09","className":"is-ohlc","compact":true},{"label":"Low","value":"5.07","className":"is-ohlc","compact":true},{"label":"Close","value":"5.08","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.08","className":"is-ohlc","compact":true},{"label":"High","value":"5.08","className":"is-ohlc","compact":true},{"label":"Low","value":"5.08","className":"is-ohlc","compact":true},{"label":"Close","value":"5.08","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"5.08","className":"is-ohlc","compact":true},{"label":"High","value":"5.08","className":"is-ohlc","compact":true},{"label":"Low","value":"5.08","className":"is-ohlc","compact":true},{"label":"Close","value":"5.08","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.08","className":"is-ohlc","compact":true},{"label":"High","value":"5.08","className":"is-ohlc","compact":true},{"label":"Low","value":"5.08","className":"is-ohlc","compact":true},{"label":"Close","value":"5.08","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-8.394933,8.394933],"priceRange":[5.072988,5.084412],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"easing","fourWeekDirection":"strengthening","now":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"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":"Zone progression","detail":"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.","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 eased this week but remains positive.","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":"7 Aug 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"positive"},{"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":[{"date":"2026-08-07","price":5.0788}],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[5.01,5.0122,5.0145,5.0167,5.0191,5.0213,5.0235,5.0255,5.0276,5.03,5.032,5.0344,5.0373,5.0387,5.0409,5.0432,5.0459,5.0475,5.0499,5.052,5.0541,5.0563,5.0589,5.0609,5.0639,5.0664,5.0685,5.0711,5.0736,5.0765,5.0788,5.0832,5.0838],"consensus":[100.0,-77.6471,65.2174,15.1515,84.7004,72.0796,41.1326,66.6926,62.9625,40.697,53.2177,57.0677,49.0409,42.7584,33.0744,51.1849,51.1193,23.817,54.9506,51.4668,47.0927,40.1927,54.4595,33.8985,57.1626,56.5552,32.5182,45.2432,65.6918,32.6566,58.7936,75.23,49.9507],"supportDates":["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,71.3896,29.3086,63.3541,58.2126,21.3305,53.9047,53.6613,41.0855,37.2418,13.2607,40.5027,56.7307,9.1454,57.6965,51.4649,42.857,38.9417,56.5665,17.997,66.4978,65.1832,20.4345,36.0975,64.4753,18.6778,62.7314,77.4329,51.729],"force":[100.0,-77.6471,65.2174,15.1515,70.4985,68.973,16.0836,61.3588,52.7084,37.1029,32.6354,47.0429,35.9736,19.0914,18.9813,50.0893,38.805,7.9218,52.0015,46.3015,41.98,17.9707,44.5714,22.9292,35.4585,33.4102,8.6858,33.1991,68.8653,13.0128,46.1888,85.7186,27.7074],"direction":[null,null,null,null,94.8447,75.0871,72.5377,74.3179,75.7153,65.3973,67.1342,68.1214,67.4666,65.9682,65.7852,64.1757,53.5021,51.9384,53.919,55.1585,55.5854,57.4954,59.1144,59.9069,61.9967,63.2266,63.3514,64.2983,64.8153,62.6636,63.2967,65.2205,63.8066],"intensity":[null,null,null,null,25.0,40.0,83.3333,71.4286,37.5,100.0,90.0,45.4545,50.0,69.2308,50.0,53.3333,68.75,64.7059,50.0,26.3158,30.0,38.0952,18.1818,39.1304,20.8333,12.0,38.4615,18.5185,14.2857,82.7586,66.6667,48.3871,53.125],"confirmation":[54.6667,47.5137,43.5362,27.5152,71.7882,90.9813,80.5792,89.2299,87.9079,81.2086,84.3919,86.0081,83.4161,81.0455,78.4562,84.5086,83.8974,52.6939,85.4525,84.312,82.9784,80.2035,85.0936,78.7555,85.4883,85.2608,77.8636,82.2501,89.1366,78.0645,86.3698,92.3597,55.0],"persistence":[null,null,33.3333,50.0,60.0,66.6667,71.4286,75.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"assessmentRisk":[null,null,null,null,7.6498,13.9602,29.4337,16.6537,18.5187,29.6515,23.3911,21.4661,25.4795,28.6208,33.4628,24.4075,24.4404,38.0915,22.5247,24.2666,26.4536,29.9036,22.7703,33.0507,21.4187,21.7224,33.7409,27.3784,17.1541,33.6717,20.6032,12.385,25.0246],"volumeParticipation":true,"latest":{"consensus":50.0,"control":51.7,"force":27.7,"direction":63.8,"confirmation":55.0,"persistence":100.0,"assessmentRisk":25.0,"intensity":53.1,"evidenceDepth":100},"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":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+50.0","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+51.7","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+27.7","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+63.8","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"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":"67.7","detail":"Directional","tone":"positive"},{"label":"Range position","value":"93%","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":[5.01,5.0122,5.0145,5.0167,5.0191,5.0213,5.0235,5.0255,5.0276,5.03,5.032,5.0344,5.0373,5.0387,5.0409,5.0432,5.0459,5.0475,5.0499,5.052,5.0541,5.0563,5.0589,5.0609,5.0639,5.0664,5.0685,5.0711,5.0736,5.0765,5.0788,5.0832,5.0838],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,5.0134,5.0149,5.0164,5.0181,5.0198,5.0217,5.0235,5.0255,5.0277,5.0297,5.0317,5.0338,5.036,5.0381,5.0402,5.0424,5.0445,5.0467,5.0489,5.0511,5.0534,5.0558,5.0581,5.0604,5.0628,5.0653,5.0678,5.0706,5.073],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,5.02,5.0214,5.0228,5.0243,5.0259,5.0275,5.0292,5.0309,5.0326,5.0343,5.0362,5.038,5.0399,5.0419,5.0438,5.0459,5.0479,5.05,5.0522,5.0545,5.0566],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,5.0328,5.0351,5.0375,5.0401,5.0424,5.0447,5.0471,5.0496,5.0519,5.0543,5.0566,5.0588,5.0609,5.0632,5.0654,5.0678,5.0702,5.0726,5.075,5.0775,5.0801,5.0827,5.0857,5.0884],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,5.0073,5.0072,5.007,5.0067,5.0066,5.0064,5.0063,5.006,5.0059,5.0057,5.0056,5.0079,5.0101,5.0123,5.0145,5.0166,5.0187,5.0208,5.0229,5.025,5.0271,5.0292,5.031,5.033],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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,62.4896,63.044,63.6443,64.7142,65.7078,66.7371,67.7244],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,43.7868,46.6788,40.5116,41.0865,47.5464,46.1691,47.3245,48.6188,48.0456,49.6288,50.6301,51.8687,53.3089,55.3243,55.532,56.0442,63.6588,61.3676,61.3077,60.8189],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,9.2649,8.3524,15.858,15.4192,13.4649,13.0748,12.7494,12.2742,12.0025,11.6367,11.329,10.9397,10.6123,10.1542,9.7032,9.3332,7.6182,7.344,6.767,6.5487],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,0.1509,0.1554,0.1662,0.1586,0.1686,0.1611,0.1534,0.1479,0.1404,0.1344,0.1281,0.1231,0.1178,0.1143,0.111,0.1071,0.1218,0.1172,0.118,0.1132],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,0.5069,0.5554,0.6067,0.6647,0.7131,0.762,0.812,0.8658,0.9145,0.9649,1.0145,1.0118,1.0091,1.0096,1.0086,1.0141,1.0211,1.0266,1.0326,1.0387,1.0496,1.0578,1.0807,1.0937],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed 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