{"schema_version":"1.0","name":"WTI3 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"6ce2ae97-b9e8-4674-aa46-d0fb1a140738","symbol":"WTI3","name":"Leverage Shares 3x Long WTI Oil","exchange":"MIL","country":"IT","asset_type":"etf","currency":"EUR","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, Activity pressure and cumulative balance, Drawdown and recovery pressure, Acceleration, deceleration and rollover."},{"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":20,"displayedObservations":20,"assetType":"ETF","state":"Rotational","stateTone":"caution","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":["2026-04-10","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"],"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],"opens":[14.16727,10.116,8.748,8.869,8.869,9.419,10.942,10.21,10.326,9.077,5.449,5.023,3.877,4.558,6.125,6.586,6.936,5.528,5.45,6.075],"highs":[14.16727,10.116,8.869,8.869,11.906,11.138,12.948,10.21,10.326,9.077,5.449,5.023,3.877,4.558,6.431,9.485,7.11,5.8,6.32,7.366],"lows":[10.00312,8.484,8.449,8.869,8.869,9.419,10.942,7.945,10.326,9.077,5.449,5.023,3.877,4.486,6.125,6.499,5.896,4.6875,5.45,5.924],"closes":[10.03287,8.748,8.869,8.869,9.419,10.942,11.96,7.972,10.326,9.077,5.449,5.023,3.877,4.486,6.329,8.267,7.034,4.6875,6.246,7.167],"hoverRows":[[{"label":"Open","value":"14.2","className":"is-ohlc","compact":true},{"label":"High","value":"14.2","className":"is-ohlc","compact":true},{"label":"Low","value":"10.0","className":"is-ohlc","compact":true},{"label":"Close","value":"10.0","className":"is-ohlc","compact":true},{"label":"Market 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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":"6.59","className":"is-ohlc","compact":true},{"label":"High","value":"9.48","className":"is-ohlc","compact":true},{"label":"Low","value":"6.50","className":"is-ohlc","compact":true},{"label":"Close","value":"8.27","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":"6.94","className":"is-ohlc","compact":true},{"label":"High","value":"7.11","className":"is-ohlc","compact":true},{"label":"Low","value":"5.90","className":"is-ohlc","compact":true},{"label":"Close","value":"7.03","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":"5.53","className":"is-ohlc","compact":true},{"label":"High","value":"5.80","className":"is-ohlc","compact":true},{"label":"Low","value":"4.69","className":"is-ohlc","compact":true},{"label":"Close","value":"4.69","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":"5.45","className":"is-ohlc","compact":true},{"label":"High","value":"6.32","className":"is-ohlc","compact":true},{"label":"Low","value":"5.45","className":"is-ohlc","compact":true},{"label":"Close","value":"6.25","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":"6.08","className":"is-ohlc","compact":true},{"label":"High","value":"7.37","className":"is-ohlc","compact":true},{"label":"Low","value":"5.92","className":"is-ohlc","compact":true},{"label":"Close","value":"7.17","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":[3.39202,12.44498],"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":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","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":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","tone":"neutral"},{"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":20,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-22","price":11.96}],"reversal_dangers":[{"date":"2026-05-29","price":7.972}]}},"smTape":{"available":true,"dates":["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":[10.0329,8.748,8.869,8.869,9.419,10.942,11.96,7.972,10.326,9.077,5.449,5.023,3.877,4.486,6.329,8.267,7.034,4.6875,6.246,7.167],"consensus":[-98.5711,-67.6471,100.0,0.0,-8.1542,33.2395,30.9012,-52.8875,17.7751,-18.9958,-50.0114,-36.6882,-44.5294,-39.0446,17.7198,43.8827,0.0,-50.654,22.9276,21.1569],"supportDates":["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,36.7959,26.7446,-53.9732,18.4858,-15.4094,-45.7059,-31.0421,-38.6143,-43.7558,10.2876,30.4653,0.0,-60.4515,22.7153,26.2492],"force":[-98.5711,-67.6471,100.0,0.0,-6.0901,30.4837,18.9638,-82.876,21.9125,-17.4155,-35.193,-12.4146,-18.813,-2.2477,63.8602,74.6226,0.0,-72.9921,67.6408,47.9578],"direction":[null,null,null,null,-9.6286,31.1435,44.1783,-30.2264,14.0077,-24.2235,-65.5164,-60.4792,-69.6583,-63.1548,6.7436,37.26,0.0,-23.5011,8.7677,3.8064],"intensity":[null,null,null,null,75.0,60.0,66.6667,85.7143,62.5,33.3333,80.0,18.1818,25.0,23.0769,64.2857,80.0,62.5,58.8235,44.4444,21.0526],"confirmation":[54.2094,44.3137,54.6667,0.0,25.1817,78.4985,77.5879,85.8214,73.8033,74.0852,83.6176,79.0865,81.5558,56.9769,53.9617,83.1838,4.4646,84.7408,33.2399,53.6548],"persistence":[null,null,33.3333,25.0,40.0,16.6667,0.0,12.5,12.5,12.5,12.5,25.0,25.0,50.0,50.0,25.0,37.5,37.5,12.5,12.5],"assessmentRisk":[null,null,null,null,31.662,32.59,34.4566,2.4579,14.0579,29.6521,24.8531,27.4137,27.6512,29.913,13.2444,24.6629,46.9699,30.2613,13.4993,35.2699],"volumeParticipation":true,"latest":{"consensus":21.2,"control":26.2,"force":48.0,"direction":3.8,"confirmation":53.7,"persistence":12.5,"assessmentRisk":35.3,"intensity":21.1,"evidenceDepth":77},"analysis":{"status":"Completed tape 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":"Completed tape","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Broadly stable","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+21.2","detail":"Completed tape has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+26.2","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+48.0","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+3.8","detail":"Follow-through is limited","tone":"positive"},{"label":"SM Confirmation Gauge","value":"54/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"37.5","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"34.1%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"32%","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":[10.0329,8.748,8.869,8.869,9.419,10.942,11.96,7.972,10.326,9.077,5.449,5.023,3.877,4.486,6.329,8.267,7.034,4.6875,6.246,7.167],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,9.4785,9.7446,10.1474,9.7519,9.8563,9.7146,8.939,8.227,7.4361,6.8997,6.796,7.0634,7.0581,6.6271,6.5578,6.6685],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,8.7788,8.4608,8.3029,8.3003,8.2065,7.9458,7.8199,7.7715],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,11.887,12.4704,12.7625,13.0851,13.0928,12.8949,12.7541,12.5803,12.5258,12.3729,12.2339],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}