{"schema_version":"1.0","name":"VESC Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"54a0301f-c519-4456-a2a3-9f98bd27a6a9","symbol":"VESC","name":"Vanguard FTSE Developed Europe","exchange":"AMS","country":"NL","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","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, Completed returns and cumulative progression, Range expansion and closing direction, Range position and boundary pressure, Range pressure and compression, Activity pressure and cumulative balance."},{"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":"2026-08-14","observations":13,"displayedObservations":13,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["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"],"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],"opens":[5.072,5.162,5.098,5.012,5.12,5.003,5.009,5.072,5.063,5.112,5.171,5.222,5.268],"highs":[5.108,5.173,5.098,5.012,5.12,5.003,5.009,5.072,5.121,5.138,5.229,5.277,5.318],"lows":[5.072,5.144,5.098,5.012,5.12,5.003,5.009,5.058,5.049,5.112,5.14,5.201,5.268],"closes":[5.124,5.169,5.098,5.012,5.12,5.003,5.009,5.063,5.112,5.138,5.173,5.268,5.316],"hoverRows":[[{"label":"Open","value":"5.07","className":"is-ohlc","compact":true},{"label":"High","value":"5.11","className":"is-ohlc","compact":true},{"label":"Low","value":"5.07","className":"is-ohlc","compact":true},{"label":"Close","value":"5.12","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"5.16","className":"is-ohlc","compact":true},{"label":"High","value":"5.17","className":"is-ohlc","compact":true},{"label":"Low","value":"5.14","className":"is-ohlc","compact":true},{"label":"Close","value":"5.17","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"5.10","className":"is-ohlc","compact":true},{"label":"High","value":"5.10","className":"is-ohlc","compact":true},{"label":"Low","value":"5.10","className":"is-ohlc","compact":true},{"label":"Close","value":"5.10","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.01","className":"is-ohlc","compact":true},{"label":"High","value":"5.01","className":"is-ohlc","compact":true},{"label":"Low","value":"5.01","className":"is-ohlc","compact":true},{"label":"Close","value":"5.01","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.12","className":"is-ohlc","compact":true},{"label":"High","value":"5.12","className":"is-ohlc","compact":true},{"label":"Low","value":"5.12","className":"is-ohlc","compact":true},{"label":"Close","value":"5.12","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.00","className":"is-ohlc","compact":true},{"label":"High","value":"5.00","className":"is-ohlc","compact":true},{"label":"Low","value":"5.00","className":"is-ohlc","compact":true},{"label":"Close","value":"5.00","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.01","className":"is-ohlc","compact":true},{"label":"High","value":"5.01","className":"is-ohlc","compact":true},{"label":"Low","value":"5.01","className":"is-ohlc","compact":true},{"label":"Close","value":"5.01","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.07","className":"is-ohlc","compact":true},{"label":"High","value":"5.07","className":"is-ohlc","compact":true},{"label":"Low","value":"5.06","className":"is-ohlc","compact":true},{"label":"Close","value":"5.06","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.06","className":"is-ohlc","compact":true},{"label":"High","value":"5.12","className":"is-ohlc","compact":true},{"label":"Low","value":"5.05","className":"is-ohlc","compact":true},{"label":"Close","value":"5.11","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.11","className":"is-ohlc","compact":true},{"label":"High","value":"5.14","className":"is-ohlc","compact":true},{"label":"Low","value":"5.11","className":"is-ohlc","compact":true},{"label":"Close","value":"5.14","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.17","className":"is-ohlc","compact":true},{"label":"High","value":"5.23","className":"is-ohlc","compact":true},{"label":"Low","value":"5.14","className":"is-ohlc","compact":true},{"label":"Close","value":"5.17","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.22","className":"is-ohlc","compact":true},{"label":"High","value":"5.28","className":"is-ohlc","compact":true},{"label":"Low","value":"5.20","className":"is-ohlc","compact":true},{"label":"Close","value":"5.27","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"5.27","className":"is-ohlc","compact":true},{"label":"High","value":"5.32","className":"is-ohlc","compact":true},{"label":"Low","value":"5.27","className":"is-ohlc","compact":true},{"label":"Close","value":"5.32","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[4.98422,5.33478],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"fourWeek":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"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":"Zone progression","detail":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","tone":"neutral"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Upper positioning zone","detail":"Price is in the area labelled as the distribution zone on the chart. With limited Market Dynamics history, the label describes location and extension only.","tone":"caution"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":13,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-22","price":5.124}],"reversal_dangers":[{"date":"2026-05-29","price":5.169}]}},"smTape":{"available":true,"dates":["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"],"close":[5.124,5.169,5.098,5.012,5.12,5.003,5.009,5.063,5.112,5.138,5.173,5.268,5.316],"consensus":[100.0,72.4138,0.0,0.0,19.4561,-61.1529,-38.7574,10.125,31.93,63.7739,53.2713,82.0076,82.309],"supportDates":["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"],"control":[null,null,null,null,null,-53.8223,-28.0109,0.5472,42.9244,56.8871,34.2118,78.7081,79.5611],"force":[100.0,72.4138,0.0,0.0,35.6972,-55.0779,-12.4431,34.003,33.6928,79.4819,62.7349,91.2198,88.1058],"direction":[null,null,null,null,7.8554,-73.87,-69.8351,5.266,18.1059,60.4247,68.2939,79.1982,81.3088],"intensity":[null,null,null,null,100.0,100.0,16.6667,28.5714,25.0,44.4444,80.0,81.8182,41.6667],"confirmation":[54.6667,45.8391,0.0,0.0,29.6351,87.4955,79.7642,26.9137,78.1038,88.9913,85.6257,94.5735,55.0],"persistence":[null,null,66.6667,50.0,60.0,33.3333,14.2857,25.0,25.0,25.0,37.5,50.0,50.0],"assessmentRisk":[null,null,null,null,12.2009,17.371,21.0617,23.7413,21.2694,15.8903,22.5425,8.7063,8.6004],"volumeParticipation":true,"latest":{"consensus":82.3,"control":79.6,"force":88.1,"direction":81.3,"confirmation":55.0,"persistence":50.0,"assessmentRisk":8.6,"intensity":41.7,"evidenceDepth":50},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+82.3","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+79.6","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+88.1","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+81.3","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"-","detail":"Developing","tone":"neutral"},{"label":"Risk pressure","value":"-","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"99%","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 upward.","series":[{"label":"Close","values":[5.124,5.169,5.098,5.012,5.12,5.003,5.009,5.063,5.112,5.138,5.173,5.268,5.316],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,5.1079,5.0889,5.0743,5.0723,5.0795,5.0901,5.1052,5.1348,5.1677],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,5.1339],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,5.1976,5.2117,5.2569,5.3051],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,4.972,4.9739,4.9579,4.9419],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period return","values":[null,0.8782,-1.3736,-1.6869,2.1548,-2.2852,0.1199,1.0781,0.9678,0.5086,0.6812,1.8365,0.9112],"stroke":"#176fa3","width":1.7},{"label":"Cumulative progression","values":[0.0,0.8782,-0.5074,-2.1858,-0.0781,-2.3614,-2.2443,-1.1905,-0.2342,0.2732,0.9563,2.8103,3.7471],"stroke":"#07865c","width":2.0}],"guides":[{"label":"Starting level","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"bar_range","eyebrow":"Completed-bar anatomy","title":"Range expansion and closing direction","description":"The completed range and open-to-close direction expose expansion, compression and control.","reason":"Selected because these measures use every completed bar and do not require a long history.","series":[{"label":"Completed range","values":[0.7026,0.561,0.0,0.0,0.0,0.0,0.0,0.2765,1.4085,0.506,1.7205,1.4427,0.9406],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[1.0252,0.1356,0.0,0.0,0.0,0.0,0.0,-0.1774,0.9678,0.5086,0.0387,0.8809,0.9112],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,35.2941,64.1176,79.4118,75.2212,96.7153,99.3651],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-2.1264,-1.1792,-0.6766,-1.071,-0.1706,-0.0376],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,1.1993,2.1787,2.6984,3.398,5.2968,6.2562],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or compressed.","reason":"Selected because current variability is unusually compressed or expanded versus this ticker's own tape.","series":[{"label":"Range pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,4.4376,4.6703,5.8531,7.0891],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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"]},{"key":"participation","eyebrow":"Participation","title":"Activity 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,13.9575,256.1265,123.2902,482.2288,867.9063,133.8741],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,100.813,129.33,135.0,135.0,135.0,135.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/54a0301f-c519-4456-a2a3-9f98bd27a6a9/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/54a0301f-c519-4456-a2a3-9f98bd27a6a9/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/54a0301f-c519-4456-a2a3-9f98bd27a6a9/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/54a0301f-c519-4456-a2a3-9f98bd27a6a9/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/54a0301f-c519-4456-a2a3-9f98bd27a6a9/technical-pack/data.json"},"source_fingerprint":"a30adceeaf5c19faf244d3a3b4b5257ab7a728d735dafd9b29ba5363abefb5e0","content_hash":"497dc6e5d36bba6bd649818ba159b36fff3615582e07778fdf0b69cdbe5942fa","citation":"Sharemaestro, VESC Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/54a0301f-c519-4456-a2a3-9f98bd27a6a9/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."}