{"schema_version":"1.0","name":"EMSR Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"57891d96-0ea0-4f2c-bf0f-c9a4a1fc79fa","symbol":"EMSR","name":"UBS (LUX) FUND SOLUTIONS UBS MS","exchange":"LSE","country":"GB","asset_type":"etf","currency":"GBP","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, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, Range pressure and compression, 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":45,"displayedObservations":45,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","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":"Rollover warning","headline":"Price has moved below distribution as Market Dynamics weakened","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 prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the warning.","tone":"negative","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.950221,1.415922,1.537115,1.612305,1.739075,1.545287,1.532026,1.435708,1.247902,1.201308,0.980205,0.613575,0.315256,0.035771,-0.166353,-0.208633,-0.16405],"opens":[2049.5,2103.5,2214.5,2156.0,2268.0,2282.0,2283.5,2422.0,2287.5,2339.5,2283.0,2138.0,2151.0,2233.0,2212.0,2251.0,2303.0],"highs":[2080.5,2206.5,2224.0,2203.5,2357.0,2284.5,2317.25,2422.0,2302.25,2339.5,2296.0,2164.0,2244.5,2233.0,2272.5,2314.5,2316.0],"lows":[2033.0,2103.5,2155.0,2087.0,2268.0,2249.25,2283.5,2419.0,2265.5,2339.5,2273.0,2124.0,2146.5,2102.5,2177.5,2240.0,2214.0],"closes":[2082.25,2204.5,2170.25,2201.0,2331.5,2249.25,2317.25,2420.0,2302.25,2339.5,2294.0,2160.25,2211.25,2174.25,2255.0,2291.25,2255.25],"hoverRows":[[{"label":"Open","value":"2,050","className":"is-ohlc","compact":true},{"label":"High","value":"2,080","className":"is-ohlc","compact":true},{"label":"Low","value":"2,033","className":"is-ohlc","compact":true},{"label":"Close","value":"2,082","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.95","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,104","className":"is-ohlc","compact":true},{"label":"High","value":"2,206","className":"is-ohlc","compact":true},{"label":"Low","value":"2,104","className":"is-ohlc","compact":true},{"label":"Close","value":"2,204","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.42","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Positioning recovery","className":"is-positive","wide":true}],[{"label":"Open","value":"2,214","className":"is-ohlc","compact":true},{"label":"High","value":"2,224","className":"is-ohlc","compact":true},{"label":"Low","value":"2,155","className":"is-ohlc","compact":true},{"label":"Close","value":"2,170","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.54","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,156","className":"is-ohlc","compact":true},{"label":"High","value":"2,204","className":"is-ohlc","compact":true},{"label":"Low","value":"2,087","className":"is-ohlc","compact":true},{"label":"Close","value":"2,201","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.61","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,268","className":"is-ohlc","compact":true},{"label":"High","value":"2,357","className":"is-ohlc","compact":true},{"label":"Low","value":"2,268","className":"is-ohlc","compact":true},{"label":"Close","value":"2,332","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.74","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"2,282","className":"is-ohlc","compact":true},{"label":"High","value":"2,284","className":"is-ohlc","compact":true},{"label":"Low","value":"2,249","className":"is-ohlc","compact":true},{"label":"Close","value":"2,249","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.55","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,284","className":"is-ohlc","compact":true},{"label":"High","value":"2,317","className":"is-ohlc","compact":true},{"label":"Low","value":"2,284","className":"is-ohlc","compact":true},{"label":"Close","value":"2,317","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.53","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,422","className":"is-ohlc","compact":true},{"label":"High","value":"2,422","className":"is-ohlc","compact":true},{"label":"Low","value":"2,419","className":"is-ohlc","compact":true},{"label":"Close","value":"2,420","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.44","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,288","className":"is-ohlc","compact":true},{"label":"High","value":"2,302","className":"is-ohlc","compact":true},{"label":"Low","value":"2,266","className":"is-ohlc","compact":true},{"label":"Close","value":"2,302","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.25","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"2,340","className":"is-ohlc","compact":true},{"label":"High","value":"2,340","className":"is-ohlc","compact":true},{"label":"Low","value":"2,340","className":"is-ohlc","compact":true},{"label":"Close","value":"2,340","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.20","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,283","className":"is-ohlc","compact":true},{"label":"High","value":"2,296","className":"is-ohlc","compact":true},{"label":"Low","value":"2,273","className":"is-ohlc","compact":true},{"label":"Close","value":"2,294","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.98","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,138","className":"is-ohlc","compact":true},{"label":"High","value":"2,164","className":"is-ohlc","compact":true},{"label":"Low","value":"2,124","className":"is-ohlc","compact":true},{"label":"Close","value":"2,160","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.61","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,151","className":"is-ohlc","compact":true},{"label":"High","value":"2,244","className":"is-ohlc","compact":true},{"label":"Low","value":"2,146","className":"is-ohlc","compact":true},{"label":"Close","value":"2,211","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.32","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,233","className":"is-ohlc","compact":true},{"label":"High","value":"2,233","className":"is-ohlc","compact":true},{"label":"Low","value":"2,102","className":"is-ohlc","compact":true},{"label":"Close","value":"2,174","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.04","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,212","className":"is-ohlc","compact":true},{"label":"High","value":"2,272","className":"is-ohlc","compact":true},{"label":"Low","value":"2,178","className":"is-ohlc","compact":true},{"label":"Close","value":"2,255","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.17","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"2,251","className":"is-ohlc","compact":true},{"label":"High","value":"2,314","className":"is-ohlc","compact":true},{"label":"Low","value":"2,240","className":"is-ohlc","compact":true},{"label":"Close","value":"2,291","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.21","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"2,303","className":"is-ohlc","compact":true},{"label":"High","value":"2,316","className":"is-ohlc","compact":true},{"label":"Low","value":"2,214","className":"is-ohlc","compact":true},{"label":"Close","value":"2,255","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.16","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[2061.985,2440.265],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.16405,"state":"Negative and weakening","context":{"scenario":"negativeWeakening","latestDirection":"strengthening","fourWeekDirection":"weakening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"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":"Distribution rollover","detail":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","annotations":[{"label":"Current tape relationship","value":"Distribution rollover","detail":"Market Dynamics improved this week but remains below zero.","tone":"negative"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"8 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":17,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-05-08","price":2204.5}],"reversal_warnings":[{"date":"2026-05-29","price":2331.5},{"date":"2026-08-14","price":2291.25}],"reversal_dangers":[{"date":"2026-06-26","price":2302.25},{"date":"2026-08-21","price":2255.25}]}},"smTape":{"available":true,"dates":["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":[1673.8,2277.4399,1750.8,1719.6,1766.2,1687.4,1722.4,1735.3,1712.9,1733.1,1727.0,1769.1,1796.6,1820.9,1837.2,1837.2,1866.8,1897.6,1954.6,1984.2,1827.7,1826.0,1816.9,1801.2,1833.7,1935.9,2042.25,2051.25,2082.25,2204.5,2170.25,2201.0,2331.5,2249.25,2317.25,2420.0,2302.25,2339.5,2294.0,2160.25,2211.25,2174.25,2255.0,2291.25,2255.25],"consensus":[-100.0,100.0,8.889,-100.0,0.0,-25.911,9.7359,12.2259,-15.2357,14.1191,10.6166,17.8903,15.4118,19.3465,25.9151,0.0,28.5302,17.5795,37.8447,35.1469,-34.1919,0.0,-22.2794,-15.7499,14.0144,43.4075,62.8141,41.8879,50.4496,72.6621,14.5689,52.5367,67.7822,0.0,60.4308,45.4181,16.2735,33.526,16.7115,-32.0654,13.3804,-29.5644,30.4408,32.823,-8.0761],"supportDates":["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":[null,null,null,null,null,-24.8216,20.0481,21.3839,-22.3919,21.1715,20.2286,26.9784,17.5891,19.6098,31.1113,0.0,34.3907,12.9969,46.1988,35.1865,-38.4838,0.0,-22.6491,-9.6498,17.6331,49.2633,61.5806,44.1579,54.3292,74.2239,7.9326,53.1968,64.2492,0.0,66.2621,41.2502,28.5417,33.2887,27.4169,-14.1125,18.1057,-18.0515,34.5854,32.3541,-7.5796],"force":[-100.0,100.0,8.889,-100.0,0.0,-23.5871,12.3369,14.1403,-15.5452,18.2905,11.1869,18.0425,11.7885,19.1184,21.1464,0.0,33.0692,17.6952,31.7551,31.9317,-66.3388,0.0,-27.1871,-13.9576,28.5836,52.8285,85.2615,27.8709,42.3627,87.8808,27.9256,49.0822,79.9285,0.0,56.0181,26.6836,17.8915,16.0034,3.1532,-58.0417,45.8891,-46.7112,64.0914,35.5123,-36.6635],"direction":[null,null,null,null,0.0,-28.8161,3.9072,0.3923,-6.8362,3.0798,0.7759,7.3953,15.5116,19.2084,23.3827,0.0,18.5904,22.7341,32.6468,37.3984,-6.3247,0.0,-18.3514,-24.0016,0.5277,29.9859,48.1899,49.3059,51.7919,60.0065,52.5066,54.2498,63.1441,0.0,56.9185,63.5633,26.6562,46.3134,18.6659,-34.0286,15.2405,-30.4742,1.668,31.4378,-11.7761],"intensity":[null,null,null,null,50.0,60.0,33.3333,14.2857,25.0,22.2222,40.0,63.6364,75.0,38.4615,7.1429,60.0,50.0,88.2353,77.7778,73.6842,90.0,76.1905,36.3636,65.2174,33.3333,88.0,88.4615,81.4815,25.0,89.6552,56.6667,67.7419,93.75,69.697,64.7059,88.5714,88.8889,64.8649,55.2632,87.1795,65.0,36.5854,66.6667,51.1628,29.5455],"confirmation":[54.6667,54.6667,25.5111,54.6667,3.0256,76.2373,49.2045,49.1644,50.1092,49.8711,48.7671,50.9244,72.7882,74.1799,76.0683,3.8015,77.1787,73.6988,79.7974,79.1484,57.189,24.9359,75.2733,73.0783,50.3194,82.0883,88.8034,80.9424,83.8383,91.6919,9.4256,84.6964,90.1143,33.0277,87.1145,82.0264,30.4629,78.1979,50.5852,79.3262,31.1184,78.1586,56.0368,78.5925,4.3023],"persistence":[null,null,33.3333,0.0,0.0,16.6667,0.0,12.5,12.5,12.5,12.5,37.5,50.0,75.0,75.0,62.5,87.5,87.5,87.5,87.5,62.5,50.0,25.0,12.5,12.5,12.5,12.5,12.5,37.5,50.0,75.0,100.0,100.0,87.5,87.5,87.5,87.5,87.5,87.5,62.5,62.5,50.0,50.0,50.0,25.0],"assessmentRisk":[null,null,null,null,10.7665,33.3841,9.1653,3.543,1.6048,1.343,4.4084,2.0602,9.4817,8.946,18.9259,47.8741,34.5067,40.5146,31.0768,32.4265,15.0532,40.848,38.425,42.0493,1.0917,26.2803,18.5228,29.0242,24.7422,13.6324,40.2348,22.4431,15.977,30.3791,18.8736,27.1917,26.5546,24.8107,23.1214,33.7651,46.2906,33.1844,37.4456,29.7641,28.5988],"volumeParticipation":true,"latest":{"consensus":-8.1,"control":-7.6,"force":-36.7,"direction":-11.8,"confirmation":4.3,"persistence":25.0,"assessmentRisk":28.6,"intensity":29.5,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the Market Dynamics view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward Market Dynamics view stronger support.","take":"Current assessment: the visible price structure remains vulnerable until Market Dynamics changes.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-8.1","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-7.6","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-36.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-11.8","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"4/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"69.1","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"5.0%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"25.7","detail":"Directional","tone":"positive"},{"label":"Range position","value":"75%","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":[1673.8,2277.4399,1750.8,1719.6,1766.2,1687.4,1722.4,1735.3,1712.9,1733.1,1727.0,1769.1,1796.6,1820.9,1837.2,1837.2,1866.8,1897.6,1954.6,1984.2,1827.7,1826.0,1816.9,1801.2,1833.7,1935.9,2042.25,2051.25,2082.25,2204.5,2170.25,2201.0,2331.5,2249.25,2317.25,2420.0,2302.25,2339.5,2294.0,2160.25,2211.25,2174.25,2255.0,2291.25,2255.25],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,1766.8976,1752.4435,1746.9811,1744.8572,1739.0468,1737.9656,1735.9718,1741.9951,1751.9233,1764.4645,1777.6891,1788.5093,1802.744,1819.9905,1844.465,1869.8713,1862.2038,1855.6213,1848.5811,1839.9663,1838.827,1856.4766,1890.2536,1919.5257,1949.1119,1995.5461,2027.3105,2058.8904,2108.4558,2134.0547,2167.3629,2213.297,2229.4702,2249.4756,2257.571,2239.8763,2234.6715,2223.6858,2229.3793,2240.6285,2243.2869],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,1731.5979,1738.2129,1745.5453,1752.3345,1760.8134,1770.9458,1784.5498,1799.3387,1801.4395,1803.2588,1804.2693,1804.0419,1806.2388,1815.8433,1832.6142,1848.8094,1866.1013,1891.1679,1911.8407,1933.2599,1962.7591,1983.9807,2008.6673,2039.1364,2058.6263,2079.4317,2095.3257,2100.1349,2108.3656,2113.246,2123.7463,2136.154,2144.9759],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,2114.9189,2095.9375,2081.8618,2071.8314,2065.307,2061.0754,2056.9831,2056.4297,2059.5303,2070.4284,2084.2545,2084.2686,1958.4425,1960.3824,1959.9087,1962.6022,1973.7396,2010.4334,2042.8441,2074.4172,2134.3057,2171.5553,2211.6886,2279.1147,2316.0829,2362.0478,2423.7518,2452.9403,2485.097,2507.3273,2513.1934,2512.7645,2504.1977,2494.8282,2475.8877,2444.5346],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,1440.8691,1450.5971,1463.9782,1477.6517,1490.7701,1502.8899,1513.8844,1524.0103,1532.8408,1538.618,1542.7595,1558.1354,1638.8175,1643.4876,1652.1212,1656.1778,1669.8904,1665.1816,1664.3659,1669.7278,1656.9792,1664.0546,1667.1113,1653.1753,1659.0421,1661.0822,1657.6582,1672.0146,1684.048,1695.7577,1707.4966,1746.2804,1789.6723,1842.8518,1910.7973,1984.3054],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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 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,123.8077,111.1787,168.6781,43.4028,11.7215,24.9099,425.4149,116.9211,0.213,378.5473,193.9338,39.867,267.0522,92.0405,301.8361,171.5217,68.1981,130.3418,49.8921,162.4967,234.5962,151.0816,454.4524,199.579,318.0975,362.0254,81.5829,95.2794,5.063,36.9163,0.0,21.6599,125.2554,176.6266,234.6145,170.2431,88.2811,227.797],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,116.5234,135.0,129.4813,130.8609,133.6203,135.0,135.0,135.0,135.0,135.0,135.0,135.0,132.6236,123.4451,117.8906,115.6482,120.0422,121.7216,127.3813,135.0,135.0,135.0,129.052,135.0,135.0,132.8213,135.0,135.0,134.0265,134.0265,133.4685,130.1708,135.0,127.8796,133.358,135.0,126.9278],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"impulse","eyebrow":"Price 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,17.7845,22.1723,26.6576,29.8679,34.404,40.0228,48.5159,56.9784,50.475,44.6688,38.8849,32.6578,29.9994,35.7274,48.2918,58.3033,67.9556,84.4957,93.7593,102.4016,118.416,123.0521,130.7066,143.4108,142.3367,142.8446,137.9851,121.9358,112.0403,100.0591,95.9734,94.5704,89.5216],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,24.6268,27.706,31.868,36.8901,39.6071,40.6194,40.2725,38.7496,36.9995,36.7451,39.0544,42.9042,47.9145,55.2307,62.9365,70.8295,80.3468,88.8879,97.2516,106.4834,113.6541,119.4922,123.1908,122.9398,120.7599,116.6197,112.4904,108.9064,105.0295],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,9.7772,12.3168,16.6479,20.0884,10.8679,4.0494,-1.3876,-6.0918,-7.0002,-1.0177,9.2374,15.3991,20.0411,29.2649,30.8229,31.5721,38.0692,34.1643,33.455,36.9273,28.6826,23.3524,14.7943,-1.004,-8.7196,-16.5607,-16.5171,-14.3361,-15.5079],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"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,14.4544,13.421,12.6167,11.7532,10.918,10.0047,9.356,10.0389,9.6079,9.2926,9.0657,8.5393,7.8838,7.3672,6.952,6.5222,6.1231,6.0025,5.874,5.6271,5.6774,5.3268,5.0455,5.404,5.0519,4.9911,5.4837,5.2911,5.4255,5.1688,4.9559,4.9984],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,37.9128,36.3927,34.8512,33.4798,32.313,31.3238,30.4183,29.7404,29.3227,29.471,29.859,28.8893,17.7705,17.5864,17.0424,16.9352,16.6784,18.7861,20.4185,21.6172,25.1802,26.4626,28.0797,31.8359,33.0576,34.8468,37.5406,37.8635,38.4275,38.6178,38.1784,35.9932,33.2812,30.0611,25.7639,20.7833],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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":"directional","eyebrow":"Trend 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,30.0324,30.5621,31.2621,32.8147,34.3596,34.5375,35.6809,36.4443,37.3432,38.709,37.8859,37.364,36.1121,33.5334,31.7653,29.7412,28.1749,27.0459,25.7415],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,3.8213,4.06,5.169,5.0707,6.8827,7.7573,9.7424,9.153,8.8888,9.9855,9.5871,9.2836,13.122,17.5681,17.8378,18.6281,24.0708,24.1197,22.5673,29.0078,27.6732,28.4795,32.8622,29.9472,31.5243,30.2165,27.1191,30.4112,28.0081,28.7424,30.0374,28.096],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,1.7105,1.6954,1.6746,2.7334,2.688,2.6444,2.5866,6.8058,7.847,7.5715,9.5353,9.2335,8.7966,8.2858,8.1177,7.9149,7.3945,7.1148,10.4137,9.5292,10.1396,9.7406,9.1437,17.1454,16.7594,20.2127,27.1251,25.5022,26.1513,24.5767,23.425,23.5585],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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 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,10.1882,6.4774,9.8237,8.8132,15.7875,20.3432,24.3688,27.0691,27.0691,31.9727,37.0751,46.5178,51.4214,25.4953,25.2137,23.7062,21.1053,26.4893,43.4199,60.6337,98.4748,100.437,99.6201,90.1195,95.6864,96.1723,83.8262,94.0333,99.7177,82.5361,87.3892,80.4341,59.9893,67.7851,62.1293,74.4726,80.0138,74.5109],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-23.8048,-24.7884,-23.9014,-24.1692,-22.3207,-21.1132,-20.0462,-19.3305,-19.3305,-18.0308,-16.6784,-14.1756,-12.8759,-19.7476,-19.8223,-20.2218,-20.9112,-19.4842,-14.9967,-10.3269,-0.2795,0.0841,-0.0906,-2.4168,-1.0342,-1.0819,-4.5715,-1.6865,-0.0826,-4.9443,-3.4063,-5.2849,-10.8072,-8.7015,-10.2291,-6.8951,-5.3984,-6.8848],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,3.6743,2.336,3.5428,3.1784,5.6936,7.3366,8.7884,9.7622,9.7622,11.5306,13.3708,16.7762,18.5446,9.1946,9.0931,8.5494,7.6114,9.5531,15.659,21.5625,22.0982,23.9435,31.2202,29.1815,30.1751,37.8933,33.0287,37.0505,41.2232,32.5952,32.3396,29.7658,22.1999,25.0848,22.9919,27.5597,29.6102,27.5738],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/57891d96-0ea0-4f2c-bf0f-c9a4a1fc79fa/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/57891d96-0ea0-4f2c-bf0f-c9a4a1fc79fa/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/57891d96-0ea0-4f2c-bf0f-c9a4a1fc79fa/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/57891d96-0ea0-4f2c-bf0f-c9a4a1fc79fa/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/57891d96-0ea0-4f2c-bf0f-c9a4a1fc79fa/technical-pack/data.json"},"source_fingerprint":"6308a9d598d68643fca27cf068671104df3dae84a8ed1032e747f2e85a835278","content_hash":"b865baa5261a73a9c6c1a74c354e075f9f853ecd76b1f8ff9703d7b614d6c01c","citation":"Sharemaestro, EMSR Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/57891d96-0ea0-4f2c-bf0f-c9a4a1fc79fa/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."}