{"schema_version":"1.0","name":"SND3 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"5a80ef8a-8398-4100-91c0-f6fb90426625","symbol":"SND3","name":"LEVERAGE SHARES PUBLIC LIMITED","exchange":"LSE","country":"GB","asset_type":"etf","currency":"USD","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, Drawdown and recovery pressure, Range pressure and compression, 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":13,"displayedObservations":13,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","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":["2026-05-29","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":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[70.220001,74.110001,81.650002,130.100006,116.889999,53.619999,47.34,15.285,24.26,9.9075,8.1775,14.42,14.505],"highs":[75.0,77.25,103.540001,130.100006,119.18,59.23,55.299999,20.355,25.0,11.755,9.23,17.035,14.865],"lows":[68.440002,60.740002,81.650002,107.5,97.32,50.5,43.27,14.5,18.6,7.1825,6.58,14.21,13.585],"closes":[69.940002,64.595001,102.889999,129.5,102.440002,52.209999,54.814999,18.91,20.434999,7.52875,7.505,15.905,14.1],"hoverRows":[[{"label":"Open","value":"70.2","className":"is-ohlc","compact":true},{"label":"High","value":"75.0","className":"is-ohlc","compact":true},{"label":"Low","value":"68.4","className":"is-ohlc","compact":true},{"label":"Close","value":"69.9","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":"74.1","className":"is-ohlc","compact":true},{"label":"High","value":"77.2","className":"is-ohlc","compact":true},{"label":"Low","value":"60.7","className":"is-ohlc","compact":true},{"label":"Close","value":"64.6","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":"81.7","className":"is-ohlc","compact":true},{"label":"High","value":"103.5","className":"is-ohlc","compact":true},{"label":"Low","value":"81.7","className":"is-ohlc","compact":true},{"label":"Close","value":"102.9","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":"130.1","className":"is-ohlc","compact":true},{"label":"High","value":"130.1","className":"is-ohlc","compact":true},{"label":"Low","value":"107.5","className":"is-ohlc","compact":true},{"label":"Close","value":"129.5","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":"116.9","className":"is-ohlc","compact":true},{"label":"High","value":"119.2","className":"is-ohlc","compact":true},{"label":"Low","value":"97.3","className":"is-ohlc","compact":true},{"label":"Close","value":"102.4","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":"53.6","className":"is-ohlc","compact":true},{"label":"High","value":"59.2","className":"is-ohlc","compact":true},{"label":"Low","value":"50.5","className":"is-ohlc","compact":true},{"label":"Close","value":"52.2","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":"47.3","className":"is-ohlc","compact":true},{"label":"High","value":"55.3","className":"is-ohlc","compact":true},{"label":"Low","value":"43.3","className":"is-ohlc","compact":true},{"label":"Close","value":"54.8","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":"15.3","className":"is-ohlc","compact":true},{"label":"High","value":"20.4","className":"is-ohlc","compact":true},{"label":"Low","value":"14.5","className":"is-ohlc","compact":true},{"label":"Close","value":"18.9","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":"24.3","className":"is-ohlc","compact":true},{"label":"High","value":"25.0","className":"is-ohlc","compact":true},{"label":"Low","value":"18.6","className":"is-ohlc","compact":true},{"label":"Close","value":"20.4","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":"9.91","className":"is-ohlc","compact":true},{"label":"High","value":"11.8","className":"is-ohlc","compact":true},{"label":"Low","value":"7.18","className":"is-ohlc","compact":true},{"label":"Close","value":"7.53","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":"8.18","className":"is-ohlc","compact":true},{"label":"High","value":"9.23","className":"is-ohlc","compact":true},{"label":"Low","value":"6.58","className":"is-ohlc","compact":true},{"label":"Close","value":"7.50","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":"14.4","className":"is-ohlc","compact":true},{"label":"High","value":"17.0","className":"is-ohlc","compact":true},{"label":"Low","value":"14.2","className":"is-ohlc","compact":true},{"label":"Close","value":"15.9","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":"14.5","className":"is-ohlc","compact":true},{"label":"High","value":"14.9","className":"is-ohlc","compact":true},{"label":"Low","value":"13.6","className":"is-ohlc","compact":true},{"label":"Close","value":"14.1","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":[0.1853,136.8197],"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 moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","tone":"neutral"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","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":"Accumulation zone","detail":"Price is in the lower accumulation area. With limited Market Dynamics history, the zone describes location rather than a completed positioning signal.","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":"2026-06-19","price":129.5}],"reversal_dangers":[{"date":"2026-06-26","price":102.440002}]}},"smTape":{"available":true,"dates":["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":[69.94,64.595,102.89,129.5,102.44,52.21,54.815,18.91,20.435,7.5287,7.505,15.905,14.1],"consensus":[-54.2683,-53.301,94.0612,54.9203,42.2753,-59.7305,-22.7223,-62.4106,-48.5066,-76.7955,-48.8156,-11.1962,-40.7261],"supportDates":["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,-68.2549,-1.7706,-43.9405,-45.3031,-71.373,-42.7552,-15.6435,-40.0016],"force":[-54.2683,-53.301,94.0612,54.9203,28.8189,-37.3616,-10.505,-65.0415,-10.0518,-79.1251,-14.7046,-55.1239,-16.0679],"direction":[null,null,null,null,93.0569,-65.9659,-70.4009,-81.6402,-79.6354,-81.3285,-80.1067,-53.4852,-59.1672],"intensity":[null,null,null,null,75.0,100.0,16.6667,71.4286,12.5,44.4444,10.0,45.4545,8.3333],"confirmation":[40.0325,39.723,52.7662,40.2412,19.5001,86.3021,8.8188,88.333,82.399,92.7282,82.6738,35.9203,55.0],"persistence":[null,null,33.3333,0.0,20.0,0.0,14.2857,25.0,25.0,25.0,50.0,75.0,100.0],"assessmentRisk":[null,null,null,null,21.3826,11.8595,34.7109,18.7288,25.4375,8.1388,23.1837,0.4473,7.3048],"volumeParticipation":true,"latest":{"consensus":-40.7,"control":-40.0,"force":-16.1,"direction":-59.2,"confirmation":55.0,"persistence":100.0,"assessmentRisk":7.3,"intensity":8.3,"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 downward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-40.7","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-40.0","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-16.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-59.2","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"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":"6%","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 downward.","series":[{"label":"Close","values":[69.94,64.595,102.89,129.5,102.44,52.21,54.815,18.91,20.435,7.5287,7.505,15.905,14.1],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,88.1874,81.6461,76.7677,66.2481,57.9185,48.7567,41.2564,36.647,32.5476],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,52.1907],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,138.8282,136.8033,133.3407,130.0537],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,-14.1755,-22.1181,-25.5617,-28.3962],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":"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,-7.6423,59.2848,25.8626,-20.8958,-49.0336,4.9895,-65.5021,8.0645,-63.1576,-0.3155,111.9254,-11.3486],"stroke":"#176fa3","width":1.7},{"label":"Cumulative progression","values":[0.0,-7.6423,47.1118,85.1587,46.4684,-25.3503,-21.6257,-72.9625,-70.7821,-89.2354,-89.2694,-77.2591,-79.8399],"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":["2026-05-29","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":"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":[9.3795,25.5593,21.2751,17.4517,21.3393,16.7209,21.9465,30.9625,31.3188,60.7339,35.3098,17.7617,9.078],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[-0.3987,-12.839,26.0135,-0.4612,-12.362,-2.6296,15.79,23.7161,-15.7667,-24.0096,-8.2238,10.2982,-2.7921],"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":["2026-05-29","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":"drawdown","eyebrow":"Path 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,-7.6423,0.0,0.0,-20.8958,-59.6834,-57.6718,-85.3977,-84.2201,-94.1863,-94.2046,-87.7181,-89.112],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,0.0,8.0645,0.0,0.0,111.9254,87.8748],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","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":["2026-05-29","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 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SND3 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/5a80ef8a-8398-4100-91c0-f6fb90426625/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."}