{"schema_version":"1.0","name":"AM18 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"4f3653c7-c6b0-4320-b679-0f4bd8190844","symbol":"AM18","name":"AMUNDI MSCI CHINAESG UCITS ETF","exchange":"VIE","country":"AT","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened 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, Strength versus the research benchmark, Acceleration, deceleration and rollover, Drawdown and recovery pressure, Directional strength and control, Range position and boundary pressure."},{"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":60,"displayedObservations":60,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Positive support; price rotational","headline":"Market Dynamics is positive while price has no clear direction","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. 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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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risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,0.0,0.0,0.0,-2.1721,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,-2.3929,-5.8393,-2.6429,-3.4464,-4.8214,-3.2857,-7.8929,-5.7321,-6.0179,-9.9821,-9.6786,-10.4286,-7.6786,-7.2143,-6.0357,-6.875,-7.5357,-9.3036,-11.5714,-10.7857,-13.7143,-15.6964,-12.875,-17.2321,-17.3571,-16.5179,-15.4643,-12.4643,-14.3571,-15.3571,-13.8929,-14.9643,-17.1071,-17.25,-16.9821,-17.0536,-19.3929,-23.75,-21.8036,-17.2857,-17.8929,-16.3036,-13.0536,-12.4286,-15.5893,-14.8214],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,12.0393,12.1287,12.7317,17.6011,20.2591,20.3038,25.0838,22.0907,17.7798,21.778,20.7728,19.0529,20.9739,15.2111,17.9138,17.5564,12.5977,12.9774,12.0393,13.7013,9.8752,11.2709,10.277,6.9393,4.3559,0.0,0.8885,0.0,0.0,3.3467,0.0,0.0,1.0156,2.2904,5.9205,3.6301,2.4201,4.1919,2.8954,0.3025,0.1296,0.4538,0.3673,0.0,0.0,2.5527,8.4778,7.6815,9.7658,14.0281,14.8478,10.7026,11.7096],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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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,52.9155,49.531,47.0818,43.9992,41.249,38.7855,36.9263,35.1998,34.0955,33.9131,32.8087,32.2281,31.9428,31.6779,30.9263,29.3087,27.8067,26.9528,25.3323,23.9594,22.7627,21.7684,20.8451,20.0569,20.0755,21.2667,21.4266,20.1173,18.9973,18.0992,17.796,17.6588,16.7133,15.526],"stroke":"#10243b","width":2.0},{"label":"Positive 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