{"schema_version":"1.0","name":"VNIE Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"53abedb2-a9eb-4e38-af45-8812cf194ace","symbol":"VNIE","name":"VONTOBEL INTERNATIONAL EQUITY ACTIVE ETF","exchange":"NYSEARCA","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. 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, Strength versus the research benchmark, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, Directional strength and control, Drawdown and recovery 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":67,"displayedObservations":67,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Downside evidence aligned","headline":"Price and Market Dynamics now support the same downside case","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The downside is confirmed on the completed evidence. A recovery in both price and Market Dynamics would challenge it.","tone":"negative","conflict":false},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[-0.707433,-0.894248,-0.853198,-0.757545,-0.417537,-0.080802,0.301958,0.679347,0.835479,0.911061,0.967826,1.001963,1.015896,1.057943,0.80826,0.427561,-0.019472,-0.509933,-0.715002,-0.631939,-0.430333,-0.154833,0.095572,0.223793,0.238499,0.2757,0.291311,0.1422,0.226931,0.326104,0.365331,0.559994,0.471394,0.069819,-0.245146,-0.617527,-0.820665,-0.770626,-0.735363],"opens":[24.064233,24.333073,24.591347,24.780741,24.960467,25.019976,25.4294,25.6267,25.0249,25.5603,25.6705,26.125,26.0223,26.35,26.255,25.112,24.8759,24.16,23.624,24.44,25.7694,25.8206,26.2756,25.925,26.6205,25.72,26.23,25.8701,25.6195,26.4283,26.712,26.4665,26.495,25.6258,25.1174,25.06,25.01,25.3607,25.8153],"highs":[24.614872,24.671092,25.049881,24.900359,25.112879,25.0942,25.455,25.6267,25.4704,26.78,25.84,26.3751,26.2965,27.1882,26.255,25.1532,24.8759,24.5485,24.56,26.02,26.14,26.3,26.4775,27.105,26.6467,26.0421,26.23,26.2725,26.155,26.696,26.712,26.715,26.495,25.7248,25.5473,25.12,25.4615,25.8113,25.8153],"lows":[24.064233,24.333073,24.551475,24.498245,24.960467,24.9646,25.3071,25.2,25.0249,24.86,25.1309,25.92,26.0067,26.1957,24.9454,24.495,23.665,23.6566,23.624,24.44,25.66,25.3526,25.756,25.925,25.555,25.255,25.9078,25.3452,25.4129,26.1795,25.9552,26.1665,25.82,25.2399,25.1174,24.3846,25.01,25.3607,25.2249],"closes":[24.49665,24.608991,24.651256,24.797089,25.112879,25.0942,25.4279,25.5071,25.4704,25.5239,25.7791,26.017,26.2965,26.4258,24.9454,24.495,23.665,23.6566,24.3942,25.7764,25.9686,26.2907,26.335,26.7201,25.555,26.0421,25.9078,25.3452,26.155,26.696,26.0127,26.2573,26.0079,25.2399,25.1632,24.9759,25.4615,25.8113,25.3529],"hoverRows":[[{"label":"Open","value":"24.1","className":"is-ohlc","compact":true},{"label":"High","value":"24.6","className":"is-ohlc","compact":true},{"label":"Low","value":"24.1","className":"is-ohlc","compact":true},{"label":"Close","value":"24.5","className":"is-ohlc","compact":true},{"label":"Market 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Distinct visits lasted 2.0 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 3.7% across 2 completed cases, with the largest move arriving after 10.0 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-01-09","price":25.4279},{"date":"2026-04-10","price":25.7764},{"date":"2026-08-07","price":25.4615}],"reversal_dangers":[{"date":"2026-01-16","price":25.5071},{"date":"2026-04-17","price":25.9686},{"date":"2026-08-14","price":25.8113}]}},"smTape":{"available":true,"dates":["2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","2025-07-04","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"],"close":[25.4287,25.6429,25.7413,25.892,25.8398,25.487,26.2322,25.9863,26.0202,25.8263,25.8062,24.9142,25.2939,25.384,25.5346,25.1092,25.1516,25.4672,25.3195,24.9513,25.329,24.6821,24.8306,25.3388,24.9352,24.6213,24.6466,24.1193,24.4966,24.609,24.6513,24.7971,25.1129,25.0942,25.4279,25.5071,25.4704,25.5239,25.7791,26.017,26.2965,26.4258,24.9454,24.495,23.665,23.6566,24.3942,25.7764,25.9686,26.2907,26.335,26.7201,25.555,26.0421,25.9078,25.3452,26.155,26.696,26.0127,26.2573,26.0079,25.2399,25.1632,24.9759,25.4615,25.8113,25.3529],"consensus":[100.0,0.0,0.0,21.8816,45.9247,-41.0903,68.9701,0.0,18.816,11.5836,-14.8844,-75.5169,0.0,0.0,11.9902,-54.4665,0.0,22.5328,-41.6105,-51.4387,36.6493,-71.657,-27.3419,48.3588,-56.4789,-59.8323,-35.1578,-68.5724,0.0,0.0,-8.8488,19.9341,47.52,32.7856,51.0804,36.9539,39.6071,17.7835,42.7353,38.5943,59.1774,35.2201,-61.0312,-58.2693,-70.794,-52.3761,8.3874,60.5123,44.2682,54.4723,38.9964,48.4882,-41.5363,36.6057,-15.4848,-38.517,43.2295,50.0303,-18.178,15.5874,-13.3911,-51.6537,-35.9033,-29.8901,19.6653,31.6884,-28.5585],"supportDates":["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"],"control":[-65.4898,0.0,25.1664,-39.4022,-60.9296,35.4295,-67.3339,-36.0276,44.6282,-51.687,-67.8968,-40.1841,-64.2161,0.0,0.0,-9.4483,13.4034,55.3471,35.6477,55.7626,33.0186,40.3278,3.4228,42.0528,23.4161,67.8159,25.0202,-56.1699,-66.9013,-77.4289,-56.0241,19.6276,53.8297,40.2278,54.4829,37.5176,50.0123,-40.4192,38.7413,-17.25,-39.2544,49.1716,59.5872,-29.3608,5.7361,-16.6406,-58.7664,-35.2009,-18.6803,27.7109,37.3632,-35.9772],"force":[-77.8073,0.0,44.7678,-68.2428,-48.6719,84.7052,-97.7834,-17.4154,89.3804,-90.489,-77.7836,-19.7704,-84.403,0.0,0.0,-1.4427,33.2189,45.7507,21.5948,38.545,16.9516,27.5171,7.8943,40.0766,43.2654,43.3113,17.1541,-98.0023,-52.176,-71.393,-31.7135,57.0958,93.8096,42.9711,54.3798,20.2292,37.3359,-90.2596,67.3543,-36.5039,-48.2975,50.1183,41.953,-40.119,8.3405,-26.7362,-51.4947,-27.8611,-22.304,67.6213,40.5801,-43.5463],"direction":[-25.1964,0.0,3.6407,-25.1114,-42.5682,3.7178,-57.9359,-49.385,23.3211,-37.6624,-37.7935,-40.4044,-62.2435,0.0,0.0,-13.4537,17.9086,39.8386,37.5081,54.6831,55.7388,47.4192,41.2595,45.4144,52.6043,60.6379,59.7813,-40.1788,-52.7566,-62.7835,-62.9659,39.2504,44.3659,49.8122,54.5262,54.0915,54.7123,-8.0105,12.2019,-1.5463,-30.6881,31.5181,44.8777,-10.2743,32.0223,-0.1452,-43.6386,-42.4506,-48.12,23.7841,18.8516,-9.3745],"intensity":[86.6667,56.25,88.2353,33.3333,78.9474,65.0,90.4762,45.4545,86.9565,70.8333,88.0,34.6154,92.5926,53.5714,34.4828,60.0,22.5806,81.25,3.0303,52.9412,31.4286,33.3333,100.0,97.3684,92.3077,37.5,92.6829,100.0,95.3488,86.3636,37.7778,80.4348,97.8723,93.75,34.6939,58.0,72.549,92.3077,69.2308,73.0769,65.3846,80.7692,76.9231,71.1538,21.1538,32.6923,76.9231,15.3846,71.1538,61.5385,32.6923,50.0],"confirmation":[85.9726,6.9539,53.1813,82.1607,84.2314,58.5443,91.7923,33.635,84.7818,87.1828,87.5705,78.7049,90.492,32.2433,28.2159,47.9301,74.8833,83.0332,78.1067,83.8923,79.2756,80.2948,28.2748,81.6047,80.7238,86.3216,78.8753,88.7308,86.3289,90.5712,84.075,35.0372,88.4806,82.1879,85.4282,79.9294,83.1531,82.7935,80.6184,51.232,80.6123,81.9529,83.6179,31.1738,50.2505,49.9757,84.416,79.2547,77.5045,35.3724,78.3248,85.4825],"persistence":[0.0,12.5,12.5,12.5,12.5,0.0,12.5,37.5,12.5,25.0,50.0,50.0,50.0,62.5,50.0,50.0,50.0,25.0,0.0,25.0,50.0,62.5,75.0,100.0,100.0,100.0,100.0,75.0,50.0,25.0,0.0,0.0,0.0,0.0,0.0,25.0,50.0,50.0,75.0,50.0,25.0,25.0,25.0,0.0,0.0,0.0,25.0,25.0,25.0,25.0,25.0,25.0],"assessmentRisk":[50.5978,15.5802,0.8672,4.5428,3.2492,5.265,12.6019,29.0593,12.4536,12.0639,21.1701,6.9716,15.6037,40.4274,2.6795,5.0831,37.7963,23.1681,28.1114,23.9023,30.6703,23.6888,38.3868,24.5777,29.649,20.4108,32.3899,17.0646,20.715,14.5995,23.8104,42.3307,17.6634,27.7662,22.7251,30.1964,20.0166,4.3804,34.1712,17.857,29.2741,14.1438,14.3308,16.9695,36.7203,6.6603,23.5559,27.3947,34.021,47.0464,25.3922,32.961],"volumeParticipation":true,"latest":{"consensus":-28.6,"control":-36.0,"force":-43.5,"direction":-9.4,"confirmation":85.5,"persistence":25.0,"assessmentRisk":33.0,"intensity":50.0,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-28.6","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-36.0","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-43.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-9.4","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"85/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"48.1","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"2.7%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"14.8","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"49%","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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pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,0.345,65.7724,0.5528,0.7761,0.0197,16.507,0.0454,7.4628,30.8231,0.8058,2.9624,14.9765,0.9125,32.6547,69.1872,76.671,37.4147,60.5293,228.0815,48.8227,92.2937,1.5374,5.4709,23.5277,57.4482,0.458,0.0,6.4225,10.0333,7.7045,49.8092,31.0985,330.5371,0.1001,28.2048,53.5011,11.0294,16.8912,52.6316,27.4847,145.5207,105.0358,69.5075,9.6083,1.6109,110.4641,134.6925,109.3096,7.6265,11.5951,8.0014,0.9716,22.4985,23.5766,7.079,260.8696,80.16,156.5012,8.8018,23.3088],"stroke":"#1678a7","width":1.8},{"label":"Cumulative 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VNIE Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/53abedb2-a9eb-4e38-af45-8812cf194ace/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."}