{"schema_version":"1.0","name":"AM14 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"6ad399de-44d8-4091-af22-4e506bf1830c","symbol":"AM14","name":"AMUNDI GOVLOWRATEDIG UCITS ETF","exchange":"VIE","country":"AT","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Price structure and the underlying tape currently reinforce the same downside read.","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 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the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":0.0,"averageReturn":1.2,"sample":2},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price structure is downward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 1.2% across 2 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 1.0 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 0.7% across 2 completed cases, with the largest move arriving after 7.0 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-07-04","2025-07-11","2025-07-18","2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"close":[231.85,230.05,230.5,230.5,231.25,231.9,230.2,231.0,230.25,231.8,231.25,231.1,230.85,232.05,233.0,234.25,233.65,234.1,233.5,233.2,233.2,234.05,232.65,232.0,231.9,232.15,232.2,233.35,233.9,233.5,234.3,234.2,235.65,236.45,237.65,233.4,232.0,230.0,229.05,231.5,231.35,233.25,232.15,231.75,232.9,231.1,232.6,234.6,232.6,233.45,233.85,235.55,234.7,233.3,231.95,231.55,231.35,233.0,231.7,230.75],"consensus":[-100.0,-84.9991,39.9994,-42.8573,0.0,45.5171,-59.73,19.1137,-50.8222,45.3479,-10.4346,-15.8491,-9.3606,47.4805,63.0777,65.826,0.0,48.7708,0.0,-14.8014,0.0,36.1467,-42.5744,-40.4642,-36.9721,-9.8492,-24.1972,44.7194,33.0448,0.0,42.1239,19.5394,64.4216,48.8879,73.6567,-50.3617,-48.4306,-69.1178,-51.6918,0.0,-17.1821,45.1593,-9.0058,0.0,29.666,-50.6018,31.1477,49.133,-27.8477,15.2648,0.0,22.5892,0.0,-12.0582,-49.1062,-27.8012,-45.3683,18.2458,-39.1555,-44.0218],"supportDates":["2025-08-29","2025-09-05","2025-09-12","2025-09-19","2025-09-26","2025-10-03","2025-10-10","2025-10-17","2025-10-24","2025-10-31","2025-11-07","2025-11-14","2025-11-21","2025-11-28","2025-12-05","2025-12-12","2025-12-19","2025-12-26","2026-01-02","2026-01-09","2026-01-16","2026-01-23","2026-01-30","2026-02-06","2026-02-13","2026-02-20","2026-02-27","2026-03-06","2026-03-13","2026-03-20","2026-03-27","2026-04-03","2026-04-10","2026-04-17","2026-04-24","2026-05-01","2026-05-08","2026-05-15","2026-05-22","2026-05-29","2026-06-05","2026-06-12","2026-06-19","2026-06-26","2026-07-03","2026-07-10","2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14","2026-08-21"],"control":[-44.248,47.5811,-24.8484,-18.4563,-18.318,50.1467,54.7246,57.5124,0.0,44.9385,0.0,-10.3836,0.0,42.0737,-42.2907,-36.7582,-32.894,-1.6262,-23.1008,40.2507,28.0381,0.0,37.4763,13.6109,64.5872,45.5678,77.3375,-49.5278,-40.2944,-66.3153,-47.3099,0.0,-11.9153,41.045,-21.6908,0.0,26.3624,-49.6051,32.9543,47.9183,-34.4109,5.3639,0.0,17.1008,0.0,-14.0196,-54.2607,-19.4624,-41.3111,24.6038,-44.3916,-46.6108],"force":[-58.2842,74.1335,-34.8394,-33.7811,-11.5637,60.6828,72.1989,66.292,0.0,41.6261,0.0,-50.7341,0.0,36.4113,-80.0606,-55.9523,-45.2803,-2.9241,-33.5244,68.8973,26.1367,0.0,43.6174,7.2862,77.8331,37.2356,78.3722,-86.8677,-59.3167,-85.393,-41.9875,0.0,-11.9626,80.5923,-14.3145,0.0,52.671,-75.2111,62.0651,60.4343,-52.6854,13.7172,0.0,7.307,0.0,-23.225,-61.0544,-19.8778,-54.4996,35.2905,-56.4309,-51.1186],"direction":[-53.0057,22.2346,-23.4703,-0.0609,-2.4502,35.0032,66.109,74.9945,0.0,58.2539,0.0,-5.8158,0.0,29.184,-16.1227,-33.6368,-35.6982,-32.0878,-18.7878,32.5565,43.7011,0.0,46.3686,35.0671,54.6528,61.0054,66.0817,-25.2391,-49.9534,-60.6956,-63.6314,0.0,-26.9296,24.552,-9.2833,0.0,17.0095,-34.1628,6.9991,42.4489,-2.6058,27.6857,0.0,39.7776,0.0,-1.8404,-34.6809,-42.9909,-43.4828,1.1953,-20.8317,-35.9936],"intensity":[12.5,77.7778,100.0,9.0909,58.3333,61.5385,28.5714,100.0,12.5,29.4118,11.1111,10.5263,15.0,33.3333,72.7273,56.5217,8.3333,20.0,26.9231,66.6667,82.1429,20.6897,40.0,22.5806,84.375,87.8788,70.5882,100.0,97.2222,89.1892,84.2105,94.8718,35.0,82.9268,52.381,55.814,63.6364,82.2222,71.7391,97.8723,87.5,24.4898,38.0,76.4706,38.4615,75.0,59.6154,59.6154,32.6923,75.0,59.6154,55.7692],"confirmation":[84.5907,83.3546,31.5369,50.9118,48.7821,83.5555,88.5901,89.2052,33.1734,83.4473,8.6444,52.4729,5.3076,79.4847,82.7706,81.477,80.1464,26.5747,76.0441,83.1151,78.4401,6.1764,81.596,51.3029,89.0211,83.3396,91.6578,85.241,83.9536,90.6564,84.3124,32.9105,73.4195,83.5935,27.4974,47.5319,78.2446,84.9578,56.2153,84.0855,54.9016,50.3218,4.817,52.1798,6.2151,49.5024,83.9996,76.782,82.858,51.8496,80.9765,90.2638],"persistence":[12.5,12.5,12.5,12.5,25.0,25.0,0.0,0.0,12.5,12.5,25.0,25.0,37.5,37.5,12.5,12.5,25.0,50.0,62.5,37.5,25.0,37.5,12.5,12.5,37.5,62.5,87.5,62.5,37.5,25.0,0.0,12.5,37.5,37.5,62.5,50.0,25.0,25.0,0.0,12.5,12.5,12.5,25.0,37.5,25.0,25.0,0.0,25.0,25.0,25.0,37.5,62.5],"assessmentRisk":[12.4085,27.1999,43.1417,12.8646,32.2481,11.3783,16.7367,16.9909,45.8577,24.4343,23.7262,35.9465,22.3206,21.4004,18.5236,25.234,27.9737,44.3022,15.7661,25.1358,33.2264,46.7114,28.7264,33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downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-44.0","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-46.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-51.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction 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references are aligned downward.","series":[{"label":"Close","values":[231.85,230.05,230.5,230.5,231.25,231.9,230.2,231.0,230.25,231.8,231.25,231.1,230.85,232.05,233.0,234.25,233.65,234.1,233.5,233.2,233.2,234.05,232.65,232.0,231.9,232.15,232.2,233.35,233.9,233.5,234.3,234.2,235.65,236.45,237.65,233.4,232.0,230.0,229.05,231.5,231.35,233.25,232.15,231.75,232.9,231.1,232.6,234.6,232.6,233.45,233.85,235.55,234.7,233.3,231.95,231.55,231.35,233.0,231.7,230.75],"stroke":"#10243b","width":2.1},{"label":"Fast 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