{"schema_version":"1.0","name":"VLDS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"6c0effa4-0a2b-4cfb-b48f-e0d0051b883e","symbol":"VLDS","name":"Vanguard U.S. Treasury 7-10 Yea","exchange":"MIL","country":"IT","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has not yet established a clear direction.","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, Range position and boundary pressure, Acceleration, deceleration and rollover, Range pressure and compression, Activity pressure and cumulative balance, Directional strength and control."},{"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":42,"displayedObservations":42,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has not yet established a clear direction.","evidenceAlignment":{"status":"Support weakening","headline":"Positive Market Dynamics has weakened while price remains rotational","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has not yet established a clear direction.","take":"Treat the weaker support as caution until price and Market Dynamics establish clearer agreement.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":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","2026-08-21"],"values":[-0.213569,-0.265132,-0.32214,-0.2633,-0.17637,-0.029212,0.165303,0.219288,0.741233,0.703108,0.666368,0.537348,0.310462,0.064907],"opens":[84.839996,85.480003,85.919998,85.900002,86.110001,87.07,88.230003,87.75,87.080002,87.080002,86.940002,85.839996,85.709999,85.75],"highs":[85.199997,85.739998,85.919998,86.309998,87.230003,88.339996,88.239998,87.75,87.080002,87.080002,87.120003,86.0,85.75,85.75],"lows":[84.660004,85.459999,85.919998,85.790001,86.110001,87.0,87.360001,87.029999,87.080002,86.900002,86.93,85.839996,85.709999,85.199997],"closes":[85.199997,85.629997,85.919998,86.129997,86.879997,88.25,87.360001,87.139999,87.080002,86.970001,87.120003,86.0,85.75,85.260002],"hoverRows":[[{"label":"Open","value":"84.8","className":"is-ohlc","compact":true},{"label":"High","value":"85.2","className":"is-ohlc","compact":true},{"label":"Low","value":"84.7","className":"is-ohlc","compact":true},{"label":"Close","value":"85.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.21","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"85.5","className":"is-ohlc","compact":true},{"label":"High","value":"85.7","className":"is-ohlc","compact":true},{"label":"Low","value":"85.5","className":"is-ohlc","compact":true},{"label":"Close","value":"85.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.27","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"85.9","className":"is-ohlc","compact":true},{"label":"High","value":"85.9","className":"is-ohlc","compact":true},{"label":"Low","value":"85.9","className":"is-ohlc","compact":true},{"label":"Close","value":"85.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.32","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"85.9","className":"is-ohlc","compact":true},{"label":"High","value":"86.3","className":"is-ohlc","compact":true},{"label":"Low","value":"85.8","className":"is-ohlc","compact":true},{"label":"Close","value":"86.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.26","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"86.1","className":"is-ohlc","compact":true},{"label":"High","value":"87.2","className":"is-ohlc","compact":true},{"label":"Low","value":"86.1","className":"is-ohlc","compact":true},{"label":"Close","value":"86.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.18","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"87.1","className":"is-ohlc","compact":true},{"label":"High","value":"88.3","className":"is-ohlc","compact":true},{"label":"Low","value":"87.0","className":"is-ohlc","compact":true},{"label":"Close","value":"88.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.03","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"88.2","className":"is-ohlc","compact":true},{"label":"High","value":"88.2","className":"is-ohlc","compact":true},{"label":"Low","value":"87.4","className":"is-ohlc","compact":true},{"label":"Close","value":"87.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.17","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"87.8","className":"is-ohlc","compact":true},{"label":"High","value":"87.8","className":"is-ohlc","compact":true},{"label":"Low","value":"87.0","className":"is-ohlc","compact":true},{"label":"Close","value":"87.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.22","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"87.1","className":"is-ohlc","compact":true},{"label":"High","value":"87.1","className":"is-ohlc","compact":true},{"label":"Low","value":"87.1","className":"is-ohlc","compact":true},{"label":"Close","value":"87.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.74","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"87.1","className":"is-ohlc","compact":true},{"label":"High","value":"87.1","className":"is-ohlc","compact":true},{"label":"Low","value":"86.9","className":"is-ohlc","compact":true},{"label":"Close","value":"87.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.70","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"86.9","className":"is-ohlc","compact":true},{"label":"High","value":"87.1","className":"is-ohlc","compact":true},{"label":"Low","value":"86.9","className":"is-ohlc","compact":true},{"label":"Close","value":"87.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.67","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"85.8","className":"is-ohlc","compact":true},{"label":"High","value":"86.0","className":"is-ohlc","compact":true},{"label":"Low","value":"85.8","className":"is-ohlc","compact":true},{"label":"Close","value":"86.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.54","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"85.7","className":"is-ohlc","compact":true},{"label":"High","value":"85.8","className":"is-ohlc","compact":true},{"label":"Low","value":"85.7","className":"is-ohlc","compact":true},{"label":"Close","value":"85.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.31","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"85.8","className":"is-ohlc","compact":true},{"label":"High","value":"85.8","className":"is-ohlc","compact":true},{"label":"Low","value":"85.2","className":"is-ohlc","compact":true},{"label":"Close","value":"85.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.06","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[85.016997,88.433],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.064907,"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":"Accumulation pressure","detail":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","tone":"negative"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","annotations":[{"label":"Current tape relationship","value":"Accumulation pressure","detail":"Market Dynamics eased this week but remains positive.","tone":"negative"},{"label":"Price location","value":"Accumulation zone","detail":"Price is being tested for a confirmed recovery through the lower zone.","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":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":14,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[86.52,86.03,87.4,86.95,86.09,85.1,85.61,84.97,85.26,86.19,86.24,84.88,84.13,84.91,85.58,86.09,86.61,87.2,87.6,86.15,86.17,86.77,85.56,85.49,85.76,85.24,85.14,85.03,85.2,85.63,85.92,86.13,86.88,88.25,87.36,87.14,87.08,86.97,87.12,86.0,85.75,85.26],"consensus":[-38.4642,-70.9085,100.0,-100.0,-83.2626,-87.3042,0.0,-79.8739,-48.9586,47.4659,29.199,-69.9727,-68.0462,-9.9483,27.1057,52.5735,57.9541,50.3071,71.76,-32.2323,0.0,25.5339,-60.8647,-19.053,0.0,-61.5999,-39.0142,-29.9793,0.0,27.0892,24.4837,39.7942,64.8557,81.7699,0.0,8.4161,19.5671,0.0,30.2129,-32.2697,-26.5795,69.1307],"supportDates":["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,-87.1887,0.0,-80.4775,-40.3971,47.2839,22.7084,-75.9572,-55.5592,-9.876,34.4464,39.3626,66.0804,33.0267,70.2284,-38.4706,0.0,22.6219,-58.4766,-13.0566,0.0,-60.4112,-47.2079,-30.0929,0.0,19.0793,21.8839,31.9812,58.6577,84.153,0.0,4.516,18.4748,0.0,46.3486,-21.0404,-13.0807,68.0396],"force":[-38.4642,-70.9085,100.0,-100.0,-86.3841,-97.4377,0.0,-81.0945,-36.2308,53.5514,24.1296,-88.0767,-76.072,-27.3831,75.441,72.8449,47.8119,60.5447,81.5915,-77.4811,0.0,44.2186,-93.8842,-4.6595,0.0,-83.9802,-24.2127,-12.6456,0.0,65.8168,21.8865,52.7531,86.067,96.493,0.0,29.1425,0.3062,0.0,20.6259,-35.7704,-15.2057,84.9117],"direction":[null,null,null,null,-81.033,-80.198,0.0,-78.3122,-67.8343,43.3272,40.2377,-50.2017,-76.5843,-59.27,15.809,53.1921,55.9113,62.7434,66.4879,-7.2178,0.0,15.5156,-40.0086,-36.1871,0.0,-46.9724,-40.2226,-42.2307,0.0,8.5808,29.3101,39.467,56.7883,68.5299,0.0,50.0233,34.5733,0.0,18.6198,-42.6028,-50.131,59.1055],"intensity":[null,null,null,null,75.0,80.0,33.3333,42.8571,50.0,77.7778,10.0,90.9091,83.3333,53.8462,42.8571,100.0,25.0,76.4706,11.1111,94.7368,75.0,52.381,77.2727,34.7826,16.6667,24.0,3.8462,7.4074,3.5714,55.1724,20.0,16.129,68.75,93.9394,64.7059,22.8571,50.0,2.7027,2.6316,79.4872,12.5,34.1463],"confirmation":[34.9752,45.3574,54.6667,54.6667,72.1201,96.2479,37.6904,93.5876,83.4093,83.3773,77.2881,90.8518,90.2096,32.9631,36.0743,85.6426,86.1124,84.6736,91.2862,58.4714,1.0737,76.7847,88.5194,51.083,6.1003,88.4121,79.9086,77.0634,31.7077,77.9709,75.7953,81.2481,89.4947,94.5788,38.8889,8.9261,51.0245,26.6319,77.1301,78.6041,76.3645,90.6194],"persistence":[null,null,33.3333,50.0,60.0,66.6667,57.1429,62.5,62.5,37.5,37.5,37.5,37.5,37.5,25.0,0.0,25.0,25.0,25.0,25.0,37.5,62.5,37.5,12.5,0.0,25.0,50.0,50.0,50.0,50.0,25.0,0.0,12.5,37.5,50.0,75.0,87.5,75.0,75.0,50.0,25.0,0.0],"assessmentRisk":[null,null,null,null,18.7044,3.7975,46.7326,9.4033,15.4593,20.2721,19.6365,29.4716,10.4594,40.9924,46.7217,20.0348,20.8877,24.6645,13.9026,19.9455,26.0577,38.1685,18.9455,24.2605,25.0704,17.9919,8.4127,15.8426,36.09,14.4379,30.9353,27.8063,17.4742,9.0995,51.6967,43.4629,7.9206,47.1761,36.9589,31.5111,35.393,14.9911],"volumeParticipation":true,"latest":{"consensus":69.1,"control":68.0,"force":84.9,"direction":59.1,"confirmation":90.6,"persistence":0.0,"assessmentRisk":15.0,"intensity":34.1,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Market Dynamics","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":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+69.1","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+68.0","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+84.9","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+59.1","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"91/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"39.7","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"0.7%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"15.6","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"16%","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 is rotating through its trend references.","series":[{"label":"Close","values":[86.52,86.03,87.4,86.95,86.09,85.1,85.61,84.97,85.26,86.19,86.24,84.88,84.13,84.91,85.58,86.09,86.61,87.2,87.6,86.15,86.17,86.77,85.56,85.49,85.76,85.24,85.14,85.03,85.2,85.63,85.92,86.13,86.88,88.25,87.36,87.14,87.08,86.97,87.12,86.0,85.75,85.26],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,86.5641,86.2979,86.1728,85.9541,85.8279,85.8938,85.9567,85.7609,85.4644,85.3636,85.403,85.5279,85.7246,85.9929,86.2851,86.2605,86.2441,86.3397,86.1979,86.0692,86.013,85.8724,85.7393,85.6103,85.5357,85.5529,85.6196,85.7124,85.9247,86.3475,86.5316,86.6422,86.7218,86.7669,86.8311,86.68,86.5109,86.2835],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,85.956,85.8786,85.8564,85.8737,85.9283,86.0225,86.1393,86.1401,86.1423,86.1888,86.1423,86.0939,86.0692,86.0078,85.9435,85.8758,85.8258,85.8113,85.8193,85.8423,85.9192,86.0919,86.1858,86.2565,86.3175,86.3658,86.4217,86.3904,86.343,86.2628],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,87.5282,87.4843,87.4656,87.554,87.4874,87.4194,87.398,87.4502,87.6053,87.8177,87.7817,87.7495,87.8212,87.6188,87.4846,87.464,87.46,87.4611,87.4584,87.4595,87.4229,87.3945,87.4139,87.4151,87.8123,87.9644,88.0617,88.1149,88.083,87.9997,87.9952,87.9871,87.9402],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,84.4958,84.5812,84.4078,84.0413,83.9812,84.0286,84.0957,84.1451,84.1459,84.115,84.1693,84.1665,84.1688,84.1872,84.1754,84.163,84.181,84.1329,84.1416,84.1345,84.1151,84.1115,84.2171,84.4909,84.4277,84.4536,84.4613,84.4551,84.464,84.4993,84.4888,84.4549,84.3508],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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,0.0,11.9342,50.2058,52.2632,0.7872,14.6213,34.987,52.4804,65.7962,79.3734,87.8935,97.5787,62.4698,62.954,77.4818,48.184,46.4891,53.0267,40.4358,38.0145,35.3511,39.4673,49.8789,56.9007,61.9854,80.1453,98.1133,79.455,74.8428,73.585,71.2789,69.3469,41.2061,29.6195,16.3043],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-2.7803,-2.4485,-1.3844,-1.3272,-2.8833,-3.7414,-2.849,-2.0824,-1.4989,-0.9039,-0.5701,-0.114,-1.7674,-1.7446,-1.0604,-2.4401,-2.52,-2.2121,-2.805,-2.919,-3.0445,-2.8506,-2.3603,-2.0296,-1.7902,-0.935,-0.1019,-1.1093,-1.3584,-1.4263,-1.5508,-1.381,-2.6489,-2.9318,-3.4865],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,0.0,0.3413,1.4358,1.4946,0.0236,0.6701,1.6035,2.4052,3.0154,3.6377,4.3437,4.8223,3.0872,3.1112,3.8291,2.3812,2.2975,2.6206,1.9983,1.8787,1.747,1.9505,2.465,2.812,3.0633,3.9607,5.6001,4.5351,4.2719,4.2001,4.0684,3.2717,1.944,1.2875,0.7087],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,-0.3901,-0.4135,-0.3737,-0.2976,-0.1931,-0.0619,0.0735,0.063,0.0557,0.0972,0.0321,-0.0249,-0.0477,-0.1065,-0.1593,-0.2077,-0.2297,-0.2099,-0.169,-0.1182,-0.0172,0.1713,0.2462,0.2844,0.3063,0.3113,0.3235,0.2401,0.1521,0.0423],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.3362,-0.2813,-0.2104,-0.1557,-0.1134,-0.0713,-0.0506,-0.0455,-0.0459,-0.058,-0.0783,-0.1042,-0.1293,-0.1454,-0.1501,-0.1437,-0.1184,-0.0605,0.0008,0.0576,0.1073,0.1481,0.1832,0.1946,0.1861,0.1573],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.1431,0.2194,0.2838,0.2187,0.1691,0.1685,0.0827,0.0206,-0.0018,-0.0485,-0.081,-0.1035,-0.1004,-0.0645,-0.0189,0.0255,0.1012,0.2318,0.2453,0.2268,0.199,0.1632,0.1404,0.0455,-0.034,-0.115],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,0.7819,0.8114,0.8079,0.7886,0.8166,0.8012,0.866,0.8437,0.8678,0.9023,0.8728,0.8562,0.8435,0.806,0.7956,0.7826,0.7681,0.7349,0.7239,0.7584,0.8115,0.834,0.8354,0.7812,0.7411,0.7025,0.7672,0.7386,0.7359],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,3.5256,3.3745,3.5582,4.0942,4.0897,3.9556,3.8512,3.8522,4.0284,4.3072,4.2018,4.1684,4.2472,3.9948,3.8555,3.8466,3.8207,3.8792,3.8657,3.8754,3.8566,3.8285,3.7252,3.4021,3.9301,4.0724,4.1739,4.2414,4.1948,4.0586,4.0657,4.0967,4.1666],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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,0.0,303.9894,216.6667,569.8795,3.6036,145.6,0.0,310.7822,38.5144,0.0,14.734,15.4263,4.0513,0.0,52.6662,159.1896,0.0,603.335,453.3021,11.655,0.0,57.9365,527.2783,0.0,591.5349,77.488,726.5398,325.8714,23.0823,0.0,37.3547,9.6538,13.7024,15.4997,113.4752],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,135.0,135.0,135.0,134.8944,130.4577,130.4577,135.0,135.0,135.0,135.0,135.0,134.9138,134.9138,135.0,131.9323,131.9323,135.0,123.3467,123.0454,123.0454,124.5121,135.0,135.0,135.0,135.0,135.0,127.8774,127.3695,127.3695,126.5334,126.7501,126.4405,126.0874,123.3622],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,14.3787,13.9147,13.7004,12.7765,12.0381,11.834,12.6129,14.2329,15.7371,16.6212,17.4422,17.9074,18.3813,17.1799,16.0092,15.5534],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,20.4682,21.8764,28.9082,30.6828,38.2622,36.0427,31.4876,30.0027,35.0586,31.7501,30.504,33.6467,31.9085,31.045,29.2421,27.5504,31.7994,32.7924,35.3069,40.9933,46.0949,42.0729,39.1005,38.8542,38.0791,37.7015,32.4769,31.4147,29.4476],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,35.1774,31.2332,28.9557,27.381,24.387,23.8884,28.0501,30.2641,27.1348,28.645,33.1685,31.2972,32.9588,33.1077,34.247,34.3013,32.2896,31.2303,29.3698,25.804,22.0464,20.1228,21.9392,21.801,23.3609,22.8429,31.4783,31.9148,35.7227],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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/6c0effa4-0a2b-4cfb-b48f-e0d0051b883e/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/6c0effa4-0a2b-4cfb-b48f-e0d0051b883e/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/6c0effa4-0a2b-4cfb-b48f-e0d0051b883e/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/6c0effa4-0a2b-4cfb-b48f-e0d0051b883e/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/6c0effa4-0a2b-4cfb-b48f-e0d0051b883e/technical-pack/data.json"},"source_fingerprint":"a0963abcc81fc50ff595c116d9afcfad9201088476b14a9ef96db6210569f651","content_hash":"e085e56efd2914091dab13a6ef935d52f43873010f63313c3e23dcb4eaef032c","citation":"Sharemaestro, VLDS Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/6c0effa4-0a2b-4cfb-b48f-e0d0051b883e/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."}