{"schema_version":"1.0","name":"FTMS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"6fab9c02-45ce-457b-a980-e0446d4497f5","symbol":"FTMS","name":"FIRST TRUST VEST US EQUITY MAX BUFFER UCITS ETF - SEPTEMBER CLASS A ACCU CL","exchange":"GER","country":"DE","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, Activity pressure and cumulative balance, Directional strength and control, Range pressure and compression, Range position and boundary pressure, Directional pressure and rotation."},{"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":"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":["2026-05-01","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":[0.47172,0.799907,1.157905,1.407964,1.519629,1.693337,1.659549,1.639941,1.815741,1.822589,1.971107,2.050888,2.045783,1.861998,1.583885,1.193877,0.671999],"opens":[23.450001,23.559999,23.495001,23.77,23.860001,23.924999,24.0,24.299999,24.41,24.360001,24.424999,24.4,24.424999,24.535,24.355,24.375,24.32],"highs":[23.58,23.59,23.809999,23.92,23.93,24.065001,24.0,24.299999,24.41,24.4,24.455,24.455,24.559999,24.605,24.459999,24.465,24.344999],"lows":[23.424999,23.445,23.485001,23.754999,23.799999,23.9,23.975,24.26,24.344999,24.355,24.424999,24.4,24.424999,24.27,24.355,24.334999,24.09],"closes":[23.475,23.51,23.809999,23.915001,23.799999,24.065001,23.975,24.26,24.355,24.4,24.455,24.415001,24.559999,24.34,24.365,24.334999,24.155],"hoverRows":[[{"label":"Open","value":"23.5","className":"is-ohlc","compact":true},{"label":"High","value":"23.6","className":"is-ohlc","compact":true},{"label":"Low","value":"23.4","className":"is-ohlc","compact":true},{"label":"Close","value":"23.5","className":"is-ohlc","compact":true},{"label":"Market 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easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.338012,2.338012],"priceRange":[23.4099,24.625099],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.671999,"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":"Positive support is weakening","detail":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","annotations":[{"label":"Current tape relationship","value":"Positive support is weakening","detail":"Market Dynamics eased this week but remains positive.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"15 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":"2026-05-15","price":23.809999}],"reversal_warnings":[],"reversal_dangers":[]}},"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":[22.915,23.12,23.295,23.09,23.07,23.14,23.215,23.185,22.965,23.05,22.995,22.955,23.36,23.42,23.07,22.885,22.995,22.87,23.06,22.935,23.42,23.565,23.23,23.205,23.33,23.205,23.28,23.495,23.475,23.51,23.81,23.915,23.8,24.065,23.975,24.26,24.355,24.4,24.455,24.415,24.56,24.34,24.365,24.335,24.155],"consensus":[-93.1017,42.8574,50.6499,-43.6986,0.0,0.0,0.0,0.0,-15.4159,11.1749,0.0,-12.3335,26.8931,19.4186,-14.8244,0.0,0.0,-10.0282,11.8335,-14.8463,30.8333,28.0393,-19.6192,0.0,12.9032,-13.1983,15.3892,29.426,0.0,11.6023,41.5799,37.1097,0.0,45.9262,0.0,23.0702,24.3483,42.0981,48.5635,16.9901,51.7284,-10.5192,0.0,-8.0818,31.4557],"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,0.0,0.0,0.0,-25.1122,21.2376,0.0,-18.7304,31.2485,25.1184,-17.5533,0.0,0.0,-5.0913,18.9057,-25.6003,39.5444,31.7178,-24.5784,0.0,18.4268,-15.7073,24.6183,30.0309,0.0,7.3501,49.3301,45.0575,0.0,54.6576,0.0,14.3256,14.7029,51.1477,52.0067,12.7217,59.1339,-11.7146,0.0,-9.2022,25.6055],"force":[-93.1017,42.8574,50.6499,-43.6986,0.0,0.0,0.0,0.0,-17.0488,12.6015,0.0,-11.9523,39.3335,18.2201,-30.8551,0.0,0.0,-13.7432,17.5378,-14.8291,35.866,26.5977,-47.6789,0.0,16.972,-17.4449,15.6322,43.3557,0.0,7.6878,38.022,25.4592,0.0,36.4094,0.0,8.8894,4.8105,22.4022,41.1858,5.3187,50.8713,-45.8571,0.0,-30.2462,54.3651],"direction":[null,null,null,null,0.0,0.0,0.0,0.0,-3.168,1.3443,0.0,-5.2951,13.0295,13.7607,-0.2551,0.0,0.0,-13.0167,0.3236,-2.5681,17.2829,24.8651,-6.0912,0.0,3.6844,-7.2977,4.6682,18.7848,0.0,19.2581,35.264,36.3482,0.0,42.7452,0.0,43.1931,49.3272,45.8243,49.8983,37.803,43.8771,-16.0883,0.0,-9.0303,21.7776],"intensity":[null,null,null,null,25.0,20.0,16.6667,14.2857,87.5,44.4444,40.0,36.3636,91.6667,15.3846,85.7143,86.6667,68.75,35.2941,55.5556,36.8421,95.0,52.381,77.2727,73.913,33.3333,36.0,15.3846,74.0741,25.0,6.8966,76.6667,74.1935,28.125,72.7273,23.5294,80.0,27.7778,8.1081,10.5263,7.6923,50.0,70.7317,50.0,4.6512,72.7273],"confirmation":[52.4592,36.381,38.8746,36.6502,1.0214,0.7633,24.3897,0.4612,50.1684,49.0862,0.9015,49.171,76.9186,74.0906,50.5241,2.0596,1.8099,48.7308,49.2552,49.9197,77.8873,76.8726,53.6905,1.335,49.5022,49.648,50.1247,77.8316,24.6039,26.3249,81.079,79.3989,28.2738,82.2733,5.3958,75.0835,52.6763,80.7332,83.263,51.29,84.4141,30.5237,3.4837,27.8377,78.8531],"persistence":[null,null,33.3333,0.0,0.0,0.0,0.0,0.0,0.0,0.0,12.5,12.5,0.0,12.5,0.0,0.0,12.5,12.5,0.0,0.0,0.0,0.0,0.0,0.0,12.5,12.5,12.5,37.5,25.0,25.0,50.0,62.5,50.0,75.0,62.5,62.5,75.0,75.0,75.0,75.0,87.5,62.5,62.5,37.5,12.5],"assessmentRisk":[null,null,null,null,36.4936,7.266,29.3266,30.6056,22.85,33.7035,44.8221,40.9911,35.6814,39.3067,26.8426,17.6547,48.6505,44.7654,8.5887,20.4233,32.1138,35.7865,39.9175,39.8381,24.0621,39.6659,3.3806,29.6337,28.897,39.921,28.6941,30.0015,45.0756,26.8969,35.6742,37.5833,37.7833,28.036,25.6547,32.3095,19.8959,13.4499,27.0376,22.0123,33.8435],"volumeParticipation":true,"latest":{"consensus":31.5,"control":25.6,"force":54.4,"direction":21.8,"confirmation":78.9,"persistence":12.5,"assessmentRisk":33.8,"intensity":72.7,"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 easing","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+31.5","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+25.6","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+54.4","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+21.8","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"79/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"59.9","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"1.4%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"45.1","detail":"Directional","tone":"positive"},{"label":"Range position","value":"73%","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 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}