{"schema_version":"1.0","name":"BPGE Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"4b4fa9a4-edde-49ab-9dfe-95427bdb6c8d","symbol":"BPGE","name":"Nordea ETF, ICAV - BetaPlus Enhanced Global Sustainable Equity UCITS ETF - USD ACC ETF Share Class","exchange":"GER","country":"DE","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","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, Range position and boundary pressure, Directional strength and control, Range pressure and compression, Directional pressure and rotation."},{"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":43,"displayedObservations":43,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Rollover warning","headline":"Price has moved below distribution as Market Dynamics weakened","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the warning.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[1.121347,1.510515,1.565734,1.506528,1.485687,1.478186,1.455857,1.483149,1.524469,1.478867,1.432739,1.203705,1.047617,0.890241,0.63352],"opens":[10.7,10.67,10.966,11.016,10.922,11.238,11.118,11.312,11.29,11.142,11.182,11.284,11.294,11.526,11.512],"highs":[10.87,10.902,11.044,11.05,11.05,11.244,11.142,11.354,11.332,11.178,11.286,11.3,11.6,11.584,11.528],"lows":[10.586,10.67,10.932,11.002,10.922,11.222,11.08,11.294,11.29,11.12,11.136,11.086,11.256,11.48,11.202],"closes":[10.764,10.902,11.03,11.002,11.032,11.24,11.142,11.328,11.332,11.12,11.212,11.182,11.532,11.502,11.308],"hoverRows":[[{"label":"Open","value":"10.7","className":"is-ohlc","compact":true},{"label":"High","value":"10.9","className":"is-ohlc","compact":true},{"label":"Low","value":"10.6","className":"is-ohlc","compact":true},{"label":"Close","value":"10.8","className":"is-ohlc","compact":true},{"label":"Market 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but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"11.3","className":"is-ohlc","compact":true},{"label":"High","value":"11.4","className":"is-ohlc","compact":true},{"label":"Low","value":"11.3","className":"is-ohlc","compact":true},{"label":"Close","value":"11.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.48","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"11.3","className":"is-ohlc","compact":true},{"label":"High","value":"11.3","className":"is-ohlc","compact":true},{"label":"Low","value":"11.3","className":"is-ohlc","compact":true},{"label":"Close","value":"11.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.52","note":"Supportive and 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easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[10.71792,11.57808],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.63352,"state":"Positive but weakening over four weeks","context":{"scenario":"positiveWeakening","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"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":"Distribution rollover","detail":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","annotations":[{"label":"Current tape relationship","value":"Distribution rollover","detail":"Market Dynamics eased this week but remains positive.","tone":"negative"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"22 May 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":15,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-05-22","price":10.902}],"reversal_warnings":[{"date":"2026-05-22","price":10.902}],"reversal_dangers":[{"date":"2026-08-14","price":11.502}]}},"smTape":{"available":true,"dates":["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":[11.3905,9.55,9.715,9.526,9.796,9.795,9.685,9.77,9.787,9.832,10.048,10.082,9.908,9.891,9.969,9.942,10.104,10.114,9.968,9.847,9.559,9.432,9.712,10.034,10.38,10.37,10.362,10.672,10.764,10.902,11.03,11.002,11.032,11.24,11.142,11.328,11.332,11.12,11.212,11.182,11.532,11.502,11.308],"consensus":[0.0,-100.0,0.0,-28.2675,-46.35,-13.5203,-63.9856,0.0,-25.3261,-34.8855,34.6258,14.2639,-34.6531,-17.6657,0.0,-33.2924,40.2053,18.7047,-27.975,-32.657,-70.1701,-62.6083,16.6848,56.1654,74.055,41.6055,33.5048,74.9973,51.1054,67.5961,61.8959,26.9046,54.319,62.0347,40.7613,54.8319,53.9479,-10.9623,44.3604,0.0,71.9421,24.7717,2.7437],"supportDates":["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,-16.6302,-80.8868,0.0,-24.934,-49.2437,26.7487,7.5295,-35.8789,-21.2689,0.0,-26.4166,33.2245,8.0235,-28.6697,-24.8387,-69.2767,-60.7626,25.2913,50.2404,69.8556,39.5866,25.5566,71.5633,49.7153,75.4878,65.6392,8.8158,57.4916,65.9427,46.1553,54.0794,58.8071,-14.7787,38.466,0.0,73.073,15.285,14.0413],"force":[0.0,-100.0,0.0,-28.2675,-28.7467,-22.9522,-35.085,0.0,-15.841,-0.4229,92.9172,28.735,-49.9005,-3.3058,0.0,-33.5812,61.2931,12.0026,-58.2942,-52.5017,-96.1493,-73.8872,74.8301,91.2396,96.3442,14.5371,5.7976,86.9601,27.1161,47.8103,37.8769,6.874,27.9605,39.8581,5.0456,33.6596,24.5735,-56.2843,51.9303,0.0,88.2744,10.7942,34.6888],"direction":[null,null,null,null,-99.9904,-36.0179,-65.3132,0.0,-55.1794,-43.6965,1.9917,11.6238,-22.3613,-28.5273,0.0,-40.9442,33.1205,35.6989,-5.5246,-27.4173,-52.6345,-56.6612,34.6838,37.8838,62.9334,63.2473,62.3792,70.3771,69.8293,72.7098,74.7744,71.7051,69.5207,73.409,60.108,70.815,69.3763,-25.7721,45.6899,0.0,58.9838,61.0178,32.9859],"intensity":[null,null,null,null,75.0,20.0,16.6667,28.5714,62.5,11.1111,80.0,9.0909,75.0,7.6923,35.7143,33.3333,56.25,17.6471,50.0,68.4211,95.0,90.4762,86.3636,95.6522,95.8333,92.0,3.8462,85.1852,42.8571,34.4828,70.0,9.6774,12.5,84.8485,38.2353,65.7143,2.7778,62.1622,23.6842,10.2564,97.5,70.7317,76.1905],"confirmation":[0.0,54.6667,1.8028,31.7123,20.5979,30.7307,87.3371,11.5141,32.9018,55.2921,58.3101,50.4414,79.535,50.9975,33.067,78.7672,81.6147,73.944,55.1988,79.1742,91.2598,88.4065,37.0459,87.1321,92.4409,80.5196,55.3316,92.4161,83.6438,88.9075,87.0177,54.6554,84.5304,87.1157,57.2063,84.9124,84.2941,32.9957,82.5159,28.2049,91.502,31.957,39.383],"persistence":[null,null,33.3333,50.0,60.0,66.6667,71.4286,62.5,75.0,75.0,62.5,37.5,37.5,37.5,25.0,37.5,12.5,12.5,12.5,37.5,37.5,37.5,25.0,0.0,0.0,0.0,25.0,50.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,62.5,62.5,62.5,50.0],"assessmentRisk":[null,null,null,null,24.5346,22.034,29.8904,13.7726,11.954,20.5057,10.2958,18.1985,28.4379,14.5341,30.007,23.3362,26.4378,39.5928,13.5254,18.7399,14.8877,18.6916,54.5877,11.7781,12.9506,29.1929,33.1531,12.3299,22.3741,15.7354,18.9326,33.4876,17.7772,17.9475,12.1077,21.6689,22.0486,30.285,2.03,42.5995,8.6503,37.1637,29.0489],"volumeParticipation":true,"latest":{"consensus":2.7,"control":14.0,"force":34.7,"direction":33.0,"confirmation":39.4,"persistence":50.0,"assessmentRisk":29.0,"intensity":76.2,"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 easing","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+2.7","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+14.0","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+34.7","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+33.0","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"39/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"38.5","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"1.9%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"29.6","detail":"Directional","tone":"positive"},{"label":"Range position","value":"87%","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 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BPGE Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/4b4fa9a4-edde-49ab-9dfe-95427bdb6c8d/technical-pack/","data_notes":{"time_series":"Parallel time-series arrays align by index with their dates array.","events":"Sparse chart markers are published as compact dated event records rather than null-filled arrays.","missing_values":"A remaining null in an aligned series means that observation is genuinely unavailable; zero remains a valid value."},"boundary":"Completed market observations and published proprietary outputs only. Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}