{"schema_version":"1.0","name":"009809 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"4bab2f9c-6c16-41a5-a0a5-0a1593324243","symbol":"009809","name":"Fubon Taiwan Net Zero Transition ESG 50 ETF","exchange":"TAI","country":"TW","asset_type":"etf","currency":"TWD","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","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, Directional strength and control, Range pressure and compression, Range position and boundary pressure, 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":46,"displayedObservations":46,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","evidenceAlignment":{"status":"Material conflict","headline":"Upward price structure is not confirmed by Market Dynamics","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","take":"The divergence must narrow through either a recovery in Market Dynamics or weaker price. In this configuration, price reversal is the principal risk, so the upward alignment should be treated as vulnerable rather than confirmed.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[1.14539,1.689625,1.953515,2.111458,2.080029,2.034971,2.047959,1.992633,1.966321,1.805413,1.682388,1.575224,1.197451,0.939168,0.557255,0.155009,0.017575,-0.176613],"opens":[13.820161,14.516141,14.595682,15.192234,15.17235,16.832757,17.04155,16.942127,17.27023,17.51,17.85,17.799999,18.040001,17.040001,16.98,17.17,17.33,17.700001],"highs":[14.297404,14.605623,15.599879,15.709248,15.609822,17.001781,17.648048,17.061437,17.67,17.719999,18.110001,17.799999,18.040001,17.790001,17.309999,17.5,17.85,17.700001],"lows":[13.730679,14.207921,14.595682,15.09281,14.834302,16.783043,16.852643,16.932184,17.200001,17.32,17.82,17.799999,17.040001,16.780001,15.73,16.83,17.33,17.139999],"closes":[14.237748,14.217864,15.192234,15.321487,15.550167,16.981895,17.081322,17.031609,17.67,17.34,18.110001,17.799999,17.040001,17.200001,17.290001,17.15,17.68,17.42],"hoverRows":[[{"label":"Open","value":"13.8","className":"is-ohlc","compact":true},{"label":"High","value":"14.3","className":"is-ohlc","compact":true},{"label":"Low","value":"13.7","className":"is-ohlc","compact":true},{"label":"Close","value":"14.2","className":"is-ohlc","compact":true},{"label":"Market 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easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.2","className":"is-ohlc","compact":true},{"label":"High","value":"17.5","className":"is-ohlc","compact":true},{"label":"Low","value":"16.8","className":"is-ohlc","compact":true},{"label":"Close","value":"17.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.16","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.3","className":"is-ohlc","compact":true},{"label":"High","value":"17.9","className":"is-ohlc","compact":true},{"label":"Low","value":"17.3","className":"is-ohlc","compact":true},{"label":"Close","value":"17.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.02","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.7","className":"is-ohlc","compact":true},{"label":"High","value":"17.7","className":"is-ohlc","compact":true},{"label":"Low","value":"17.1","className":"is-ohlc","compact":true},{"label":"Close","value":"17.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.18","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.407062,2.407062],"priceRange":[13.984336,18.343529],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.176613,"state":"Price ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics weakened this week and 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":"Unsupported elevation","detail":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","tone":"negative"},"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 in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","annotations":[{"label":"Current tape relationship","value":"Unsupported elevation","detail":"Market Dynamics weakened this week and remains below zero.","tone":"negative"},{"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":"8 May 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Not confirming","detail":"Market Dynamics has weakened over four weeks and now lags the elevated price.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":18,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-05-08","price":15.192234}],"reversal_warnings":[{"date":"2026-05-29","price":16.981895},{"date":"2026-06-19","price":17.67}],"reversal_dangers":[{"date":"2026-06-19","price":17.67},{"date":"2026-06-26","price":17.34},{"date":"2026-07-17","price":17.040001}]}},"smTape":{"available":true,"dates":["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","2026-02-27","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":[10.0,10.0,10.19,10.23,10.55,10.29,10.12,9.9,10.19,10.31,10.43,10.33,10.54,10.74,11.15,11.55,11.84,11.78,11.69,12.32,12.93,12.35,12.24,12.26,12.24,12.08,13.04,13.6412,14.2377,14.2179,15.1922,15.3215,15.5502,16.9819,17.0813,17.0316,17.67,17.34,18.11,17.8,17.04,17.2,17.29,17.15,17.68,17.42],"consensus":[0.0,0.0,55.5556,-55.5556,96.9013,9.3646,-41.1666,-74.3981,32.3918,54.5382,60.9781,21.6091,76.2763,80.281,86.3001,87.2828,80.8184,28.7383,41.7033,81.6887,83.2716,12.0324,34.4307,14.9064,12.6959,0.0,72.5312,71.0462,79.6144,25.4057,71.771,47.293,65.4068,73.3072,43.4717,50.3785,75.217,17.1442,72.2169,32.1499,-16.8721,25.6623,20.1197,0.0,45.8862,-7.7642],"supportDates":["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","2026-02-27","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,19.76,-44.2961,-60.1179,47.4325,55.481,52.8891,10.7643,79.9359,80.514,87.1335,92.8562,83.8883,9.8646,37.7781,89.3167,87.8041,2.1771,26.504,11.8908,24.1856,0.0,78.9629,80.2371,81.5816,7.9115,72.3919,39.4477,70.407,81.1757,32.7387,48.9831,84.0387,1.8159,83.0046,24.8391,-22.2168,28.2973,30.3283,0.0,52.7548,-6.4151],"force":[0.0,0.0,55.5556,-55.5556,92.5631,35.1326,-52.6681,-96.0074,58.7094,67.4338,56.6985,12.38,72.9083,80.4229,85.3699,75.7572,73.1756,11.9399,1.5924,72.3151,76.6429,46.5242,9.3538,10.33,8.6856,0.0,77.1328,61.0633,86.9125,11.059,66.0272,21.4279,45.8364,53.0177,12.7991,16.1611,57.6579,24.1384,53.0877,5.7914,-58.3401,19.6539,17.6502,0.0,40.4065,-13.0278],"direction":[null,null,null,null,100.0,74.4335,-29.3746,-75.2831,3.5958,44.2496,73.2796,58.2811,74.4995,79.9133,86.0122,89.1457,82.7691,79.3639,74.84,79.6664,82.8263,70.098,61.4019,36.3787,14.8374,0.0,61.8937,67.6727,72.1532,71.4454,75.1642,74.7341,73.6712,78.8072,77.6469,76.4142,77.6771,64.1499,73.5517,67.606,-18.8562,26.9426,10.2168,0.0,41.9503,-24.1574],"intensity":[null,null,null,null,100.0,80.0,33.3333,71.4286,87.5,22.2222,80.0,27.2727,50.0,46.1538,100.0,93.3333,87.5,76.4706,94.4444,100.0,100.0,90.4762,72.7273,86.9565,62.5,12.0,100.0,96.2963,96.4286,75.8621,100.0,74.1935,31.25,100.0,82.3529,77.1429,80.5556,48.6486,89.4737,41.0256,87.5,31.7073,97.619,97.6744,63.6364,24.4444],"confirmation":[0.0,0.0,40.4444,40.4444,76.1434,36.4614,81.4761,92.6836,57.0387,85.8309,87.5058,31.352,92.25,93.6907,95.575,95.4943,93.5822,33.458,57.5158,93.7385,94.3758,12.6719,78.3744,28.9173,27.7556,4.1538,91.2522,90.2905,93.6691,9.6444,90.7822,82.465,88.2576,90.7201,81.1397,83.0996,91.3999,9.6111,90.362,55.8119,33.2707,75.9887,74.2075,3.6686,82.4119,3.3485],"persistence":[null,null,33.3333,0.0,20.0,33.3333,14.2857,0.0,12.5,25.0,25.0,50.0,50.0,50.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,75.0,62.5,62.5,50.0],"assessmentRisk":[null,null,null,null,1.5321,40.4306,3.5738,9.1716,62.8799,22.3716,15.5299,38.1196,9.4675,8.8867,6.754,6.3569,9.5898,35.6217,28.6081,9.0223,8.3562,41.3609,29.5448,16.5638,54.995,31.6858,11.9316,14.3548,10.1849,37.2927,14.1044,26.2878,17.0142,13.3427,28.224,24.7318,12.3789,22.1174,12.4989,29.4822,31.4342,24.8831,54.8207,42.5941,18.479,15.0168],"volumeParticipation":true,"latest":{"consensus":-7.8,"control":-6.4,"force":-13.0,"direction":-24.2,"confirmation":3.3,"persistence":50.0,"assessmentRisk":15.0,"intensity":24.4,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the Market Dynamics view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward Market Dynamics view stronger support.","take":"Current assessment: the visible price structure remains vulnerable until Market Dynamics changes.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-7.8","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-6.4","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-13.0","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-24.2","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"3/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"69.6","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"4.0%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"48.0","detail":"Directional","tone":"positive"},{"label":"Range position","value":"89%","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 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}