{"schema_version":"1.0","name":"WUTS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"4ccb8476-f02d-49cf-a737-3e8c86e3a67a","symbol":"WUTS","name":"iShares MSCI World Utilities Sector Advanced UCITS ETF USD (Acc)","exchange":"EBS","country":"CH","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and 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, Strength versus the research benchmark, Acceleration, deceleration and rollover, Range position and boundary pressure, Directional strength and control."},{"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":59,"displayedObservations":59,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. 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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 easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-23.8","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-15.1","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-8.1","detail":"Commitment is 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envelope.","reason":"Selected as the anchor because price is rotating through its trend references.","series":[{"label":"Close","values":[5.209,5.276,5.315,5.279,5.349,5.356,5.417,5.326,5.217,5.3,5.247,5.375,5.533,5.617,5.695,5.671,5.639,5.646,5.748,5.642,5.776,5.65,5.576,5.616,5.642,5.684,5.716,5.788,5.789,5.931,5.991,6.307,6.231,6.417,6.306,6.334,6.083,6.066,6.278,6.49,6.258,6.331,6.399,6.21,6.081,6.19,6.1,6.102,6.209,6.103,6.282,6.394,6.205,6.293,6.337,6.179,6.092,6.079,6.085],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,5.2644,5.2811,5.3058,5.3095,5.2927,5.294,5.2854,5.3017,5.3438,5.3935,5.4483,5.4888,5.5161,5.5397,5.5776,5.5893,5.6232,5.6281,5.6186,5.6182,5.6225,5.6337,5.6486,5.674,5.6949,5.7378,5.7839,5.879,5.943,6.0292,6.0795,6.1258,6.118,6.1085,6.1394,6.2031,6.2131,6.2345,6.2644,6.2545,6.223,6.217,6.1957,6.1787,6.1842,6.1694,6.1899,6.227,6.223,6.2357,6.2541,6.2405,6.2135,6.189,6.1701],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,5.2885,5.3128,5.3411,5.3656,5.3858,5.4051,5.4305,5.4462,5.4706,5.4839,5.4907,5.5,5.5105,5.5234,5.5376,5.5562,5.5734,5.5999,5.6289,5.6791,5.72,5.7716,5.8112,5.8499,5.8672,5.8819,5.9113,5.9541,5.9766,6.0029,6.0322,6.0454,6.048,6.0586,6.0616,6.0646,6.0753,6.0774,6.0925,6.1149,6.1215,6.1342,6.1492,6.1515,6.147,6.142,6.1378],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,5.4246,5.4184,5.4271,5.4914,5.566,5.6442,5.6921,5.7208,5.745,5.7865,5.7999,5.8393,5.8544,5.8601,5.8647,5.874,5.8859,5.9024,5.9198,5.9117,5.9356,5.9463,6.0743,6.1594,6.2839,6.358,6.4276,6.4463,6.46,6.5028,6.5756,6.6032,6.6294,6.6492,6.6387,6.615,6.5938,6.5639,6.5379,6.5041,6.4873,6.4799,6.4921,6.4913,6.4732,6.477,6.4662,6.4656,6.4645,6.4621],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,5.1842,5.1799,5.1839,5.1546,5.122,5.0906,5.0807,5.0817,5.0847,5.0783,5.0858,5.1031,5.1254,5.1458,5.1749,5.1949,5.2158,5.2292,5.258,5.3233,5.3625,5.4262,5.3914,5.3761,5.3316,5.3186,5.3153,5.341,5.3693,5.3795,5.3915,5.4121,5.454,5.5165,5.5864,5.654,5.7258,5.7941,5.8515,5.9273,5.9613,5.9978,5.9943,5.9925,5.9982,5.9975,5.9928,5.9943,5.9967,5.9798],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","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"]},{"key":"participation","eyebrow":"Participation","title":"Activity 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leadership","title":"Strength versus the research benchmark","description":"Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.","reason":"Selected because benchmark-relative leadership is strengthening, fading or diverging from price.","series":[{"label":"Relative 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impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.0446,0.0639,0.0846,0.0979,0.1046,0.1093,0.1198,0.1183,0.1264,0.1212,0.1099,0.103,0.0985,0.0972,0.0976,0.1026,0.1054,0.1177,0.1308,0.1647,0.1834,0.2108,0.221,0.2287,0.2121,0.1953,0.1969,0.2128,0.2043,0.2011,0.2018,0.1849,0.1593,0.1461,0.1269,0.1106,0.1051,0.0912,0.0935,0.1031,0.0945,0.0936,0.0954,0.0831,0.0656,0.05,0.0378],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0722,0.0796,0.0877,0.0938,0.1003,0.1045,0.1056,0.1051,0.1038,0.1024,0.1015,0.1017,0.1024,0.1055,0.1105,0.1214,0.1338,0.1492,0.1635,0.1766,0.1837,0.186,0.1882,0.1931,0.1953,0.1965,0.1975,0.195,0.1879,0.1795,0.169,0.1573,0.1469,0.1357,0.1273,0.1225,0.1169,0.1122,0.1088,0.1037,0.0961,0.0869,0.077],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0324,0.0297,0.0322,0.0245,0.0261,0.0168,0.0044,-0.0021,-0.0053,-0.0053,-0.0039,0.0009,0.0029,0.0122,0.0202,0.0434,0.0496,0.0616,0.0575,0.0521,0.0284,0.0093,0.0087,0.0197,0.0089,0.0046,0.0042,-0.0101,-0.0286,-0.0334,-0.0421,-0.0467,-0.0418,-0.0446,-0.0338,-0.0193,-0.0224,-0.0186,-0.0135,-0.0206,-0.0305,-0.0368,-0.0393],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","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"]},{"key":"range","eyebrow":"Acceptance 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