{"schema_version":"1.0","name":"USDB Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"5706352f-9cc8-48aa-9b03-e4b0c8093e71","symbol":"USDB","name":"iShares US Large Cap Deep Buffer UCITS ETF USD Acc","exchange":"LSE","country":"GB","asset_type":"etf","currency":"GBP","sector":null,"industry":null},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","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, Drawdown and recovery pressure, 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":44,"displayedObservations":44,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","take":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.345316,0.51567,1.429249,0.747141,2.795245,3.126942,3.30118,3.354857,3.302923,3.251911,3.060614,2.847669,2.457551,2.166968,1.884728,1.450974],"opens":[3.749,3.7525,3.8085,3.80725,3.8175,3.8115,3.8785,3.8955,3.854,3.853,3.8215,3.83075,3.846,3.8345,3.904,3.9025],"highs":[3.749,3.8195,3.8145,3.81,3.82625,3.837,3.9115,3.8955,3.854,3.853,3.8315,3.857,3.8575,3.9085,3.915,3.9025],"lows":[3.727,3.744,3.787,3.8015,3.8011,3.8035,3.8715,3.89225,3.854,3.853,3.8195,3.8245,3.7885,3.8345,3.89825,3.836],"closes":[3.73675,3.824,3.80525,3.79925,3.82625,3.82175,3.884,3.89225,3.854,3.853,3.825,3.8415,3.80325,3.90225,3.90525,3.8505],"hoverRows":[[{"label":"Open","value":"3.75","className":"is-ohlc","compact":true},{"label":"High","value":"3.75","className":"is-ohlc","compact":true},{"label":"Low","value":"3.73","className":"is-ohlc","compact":true},{"label":"Close","value":"3.74","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":"3.90","className":"is-ohlc","compact":true},{"label":"High","value":"3.90","className":"is-ohlc","compact":true},{"label":"Low","value":"3.84","className":"is-ohlc","compact":true},{"label":"Close","value":"3.85","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.45","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-3.824537,3.824537],"priceRange":[3.72664,3.91536],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":1.450974,"state":"Positive but weakening over four weeks","context":{"scenario":"positiveWeakening","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"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":"Positive support is weakening","detail":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","annotations":[{"label":"Current tape relationship","value":"Positive support is weakening","detail":"Market Dynamics eased this week but remains positive.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"15 May 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":16,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-05-15","price":3.824}],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[5.0749,3.8795,3.8095,3.8548,3.8065,3.8668,3.863,3.8357,3.8338,3.836,3.81,3.867,3.878,3.8167,3.7803,3.7927,3.781,3.8315,3.839,3.8588,3.805,3.7285,3.6725,3.699,3.7008,3.7292,3.7372,3.7218,3.7367,3.824,3.8053,3.7992,3.8262,3.8218,3.884,3.8923,3.854,3.853,3.825,3.8415,3.8032,3.9022,3.9053,3.8505],"consensus":[100.0,100.0,-100.0,0.0,-47.1036,0.0,0.0,-22.9075,0.0,0.0,-19.9843,0.0,0.0,-25.4385,-10.4619,0.0,-13.8622,10.3774,10.3379,9.6112,0.0,-25.7847,-28.5041,0.0,-10.644,9.9478,11.7205,-15.5627,0.0,30.4229,10.3827,0.0,27.4497,0.0,23.6373,9.3147,0.0,9.8593,0.0,0.0,-26.3526,46.5399,20.3569,-16.3691],"supportDates":["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":[null,null,null,null,null,0.0,0.0,-31.9018,0.0,0.0,-25.1433,0.0,0.0,-34.6239,-7.6271,0.0,-17.2289,15.8831,16.3488,11.7629,0.0,-31.9751,-36.2734,0.0,-10.7945,16.2747,16.8285,-29.2441,0.0,36.2974,8.4027,0.0,30.9919,0.0,16.647,5.4427,0.0,6.1467,0.0,0.0,-25.4858,50.2663,14.1134,-23.0207],"force":[100.0,100.0,-100.0,0.0,-17.9587,0.0,0.0,-10.0628,0.0,0.0,-11.4025,0.0,0.0,-24.1833,-4.9141,0.0,-9.1446,21.591,15.4082,15.5313,0.0,-29.7753,-23.5609,0.0,-3.0942,19.8643,16.1183,-13.2491,0.0,33.0192,4.1474,0.0,26.6557,0.0,21.6154,4.2313,0.0,2.2832,0.0,0.0,-51.5199,58.9952,5.929,-41.4779],"direction":[null,null,null,null,-67.9214,0.0,0.0,-21.8031,0.0,0.0,-20.2182,0.0,0.0,-15.8374,-17.6642,0.0,-13.3843,3.9246,0.1533,2.9235,0.0,-15.8595,-23.1557,0.0,-15.8648,4.366,2.7414,-1.5793,0.0,21.8547,17.0992,0.0,23.9687,0.0,33.0704,35.856,0.0,19.5137,0.0,0.0,-9.3665,33.3845,37.798,-9.1675],"intensity":[null,null,null,null,50.0,60.0,16.6667,28.5714,62.5,33.3333,20.0,72.7273,16.6667,84.6154,85.7143,26.6667,18.75,64.7059,38.8889,21.0526,70.0,95.2381,90.9091,30.4348,8.3333,40.0,42.3077,18.5185,17.8571,96.5517,53.3333,16.129,37.5,9.0909,91.1765,25.7143,55.5556,2.7027,50.0,30.7692,52.5,97.561,83.3333,79.0698],"confirmation":[54.6667,54.6667,54.6667,1.1136,59.0741,4.6257,26.0286,74.8019,3.1315,26.9337,74.0548,27.1767,26.5068,75.9621,25.8886,25.3433,72.2408,49.7492,48.7371,48.5566,24.0132,76.2784,76.8523,3.3309,48.507,49.6539,49.1401,50.0344,1.1675,77.7249,48.4959,27.5479,76.7057,24.9571,75.6088,27.5232,25.5292,25.6473,25.3438,24.1305,77.213,83.2156,51.503,21.9776],"persistence":[null,null,33.3333,25.0,0.0,0.0,0.0,12.5,25.0,37.5,37.5,37.5,25.0,37.5,50.0,37.5,50.0,37.5,12.5,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,25.0,25.0,0.0,25.0,25.0,50.0,37.5,37.5,62.5,62.5,62.5,50.0,50.0,25.0,37.5,37.5,12.5],"assessmentRisk":[null,null,null,null,25.7686,0.2128,9.8899,9.1828,5.2989,3.9505,2.6483,1.8933,4.2337,9.7122,25.6909,45.4509,42.692,14.5005,42.5419,43.6379,32.0025,36.5651,35.7161,46.938,44.2547,4.0196,41.2648,35.8293,38.5657,33.5452,41.1998,49.5975,34.9308,6.4632,37.0792,45.1746,31.8623,32.3312,43.2835,47.7392,31.3997,17.4085,38.4429,19.1068],"volumeParticipation":true,"latest":{"consensus":-16.4,"control":-23.0,"force":-41.5,"direction":-9.2,"confirmation":22.0,"persistence":12.5,"assessmentRisk":19.1,"intensity":79.1,"evidenceDepth":100},"analysis":{"status":"Price 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The completed evidence gives the downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-16.4","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-23.0","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-41.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-9.2","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"22/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"19.3","detail":"Stretched negative","tone":"negative"},{"label":"Risk pressure","value":"2.6%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"22.0","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"74%","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 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}