{"schema_version":"1.0","name":"9409 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"7179653e-bd7c-463d-92e8-2e035ca937af","symbol":"9409","name":"YAQEEN S&P ESG MENA ETF Fund","exchange":"SAU","country":"SA","asset_type":"etf","currency":"SAR","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","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, Range pressure and compression, Directional strength and control, Strength versus the research benchmark, Drawdown and recovery 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":77,"displayedObservations":77,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Downside evidence aligned","headline":"Price and Market Dynamics now support the same downside case","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The downside is confirmed on the completed evidence. A recovery in both price and Market Dynamics would challenge it.","tone":"negative","conflict":false},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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","2026-06-12","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":[0.565549,0.592698,0.495113,0.472966,0.380504,0.509481,0.506113,0.351785,0.325553,0.079603,-0.108345,-0.305289,-0.606396,-0.742741,-0.873078,-0.879177,-0.677771,-0.538615,-0.424868,-0.33748,-0.351185,-0.123376,0.146109,0.410137,0.567545,0.582895,0.448248,0.106905,-0.263578,-0.637047,-0.918853,-0.97836,-0.840209,-0.758426,-0.588819,-0.453181,-0.408625,-0.423931,-0.528794,-0.406481,-0.249382,0.008917,0.223933,0.19105,0.04289,-0.12206,-0.176106,-0.261832,-0.291576],"opens":[10.4,10.4,10.09,10.34,10.46,10.24,10.59,10.54,10.7,10.56,10.57,10.41,10.28,10.22,10.16,10.26,10.39,10.6,10.39,10.36,10.37,10.69,10.79,10.78,10.8,10.6,10.75,10.45,10.01,10.7,10.28,10.06,9.94,10.36,10.34,10.4,10.99,10.38,9.8,10.04,10.46,10.31,10.37,10.24,10.05,10.24,10.3,10.33,10.26],"highs":[10.49,10.8,10.4,10.59,11.36,10.84,10.96,10.9,10.92,10.69,10.57,10.5,10.42,10.86,10.47,10.38,10.98,10.99,10.39,10.57,10.59,10.99,10.9,10.98,10.81,10.85,10.75,10.45,10.09,10.7,10.28,10.27,10.54,10.48,10.84,10.6,10.99,10.49,10.2,10.59,10.6,11.33,10.4,10.43,10.3,10.36,11.04,10.5,10.3],"lows":[10.3,9.55,9.96,10.34,10.26,10.24,10.43,10.43,10.43,10.37,10.35,10.23,10.1,9.98,10.15,10.16,10.25,9.52,10.22,10.23,10.28,10.44,10.46,10.63,10.6,10.57,10.02,10.0,9.91,9.87,9.9,9.96,9.94,10.21,10.16,10.3,10.25,10.01,9.4,10.04,10.27,10.28,10.22,10.12,10.01,10.05,10.06,10.16,10.06],"closes":[10.42,10.06,10.25,10.46,10.33,10.61,10.56,10.47,10.54,10.44,10.45,10.3,10.22,10.16,10.26,10.2,10.48,10.39,10.36,10.46,10.44,10.79,10.75,10.7,10.6,10.74,10.45,10.1,10.04,10.15,10.05,10.06,10.37,10.38,10.43,10.49,10.42,10.24,10.09,10.45,10.37,10.34,10.22,10.21,10.14,10.13,10.33,10.23,10.23],"hoverRows":[[{"label":"Open","value":"10.4","className":"is-ohlc","compact":true},{"label":"High","value":"10.5","className":"is-ohlc","compact":true},{"label":"Low","value":"10.3","className":"is-ohlc","compact":true},{"label":"Close","value":"10.4","className":"is-ohlc","compact":true},{"label":"Market 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Distinct visits lasted 1.3 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 4.6% across 3 completed cases, with the largest move arriving after 8.3 weeks on average.","approach":"Avoid adding simply because price is rising. 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history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2025-09-19","price":10.25},{"date":"2025-12-12","price":10.26},{"date":"2026-04-17","price":10.37},{"date":"2026-08-07","price":10.33}],"reversal_dangers":[{"date":"2025-11-07","price":10.44},{"date":"2025-12-19","price":10.2},{"date":"2026-04-24","price":10.38},{"date":"2026-08-14","price":10.23}]}},"smTape":{"available":true,"dates":["2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","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","2026-06-12","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":[10.15,10.0,9.92,9.72,9.73,9.71,9.8,9.37,9.49,9.58,9.64,9.62,9.79,9.78,9.68,9.72,9.8,9.67,9.81,9.86,10.17,10.21,9.87,10.44,10.43,10.31,10.38,10.42,10.42,10.06,10.25,10.46,10.33,10.61,10.56,10.47,10.54,10.44,10.45,10.3,10.22,10.16,10.26,10.2,10.48,10.39,10.36,10.46,10.44,10.79,10.75,10.7,10.6,10.74,10.45,10.1,10.04,10.15,10.05,10.06,10.37,10.38,10.43,10.49,10.42,10.24,10.09,10.45,10.37,10.34,10.22,10.21,10.14,10.13,10.33,10.23,10.23],"consensus":[85.5072,-100.0,-66.9291,-25.2821,-30.8245,-22.1969,0.0,-48.3222,-10.3507,0.0,0.0,0.0,11.2978,0.0,-19.0726,10.032,11.9811,-11.2914,17.2709,0.0,39.4014,18.0782,-28.8377,55.9047,23.9266,9.8055,26.3246,13.3504,13.4206,-24.4844,14.5293,17.8859,-12.2153,32.7442,0.0,0.0,0.0,-9.7509,0.0,-17.4197,-17.892,-19.0958,0.0,-16.4373,20.0301,0.0,0.0,19.1633,0.0,42.661,17.4504,0.0,-10.258,17.525,-24.1342,-45.9263,-22.6256,-21.6175,-29.0703,-15.4164,29.5282,10.127,12.6329,19.9049,-11.7332,-16.5408,-11.8274,32.2342,0.0,0.0,-18.9979,-13.2216,-13.3407,-17.3648,10.6477,-14.726,-3.4164],"supportDates":["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","2026-06-12","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":[8.4412,24.2668,16.3339,17.3704,-22.2167,17.0186,21.6008,-11.1742,31.6336,0.0,0.0,0.0,-11.5707,0.0,-20.42,-16.1466,-14.7714,0.0,-20.4159,15.8981,0.0,0.0,16.5285,0.0,34.6958,15.2678,0.0,-20.3221,24.3605,-20.3139,-46.9057,-14.9641,-15.9768,-27.8659,-18.1775,28.2308,8.9223,7.1546,17.2078,-15.1468,-17.1372,-2.4342,31.9596,0.0,0.0,-31.3714,-12.357,-10.8505,-17.528,7.1191,-16.2644,-3.6925],"force":[1.592,23.1232,3.1332,3.3639,-44.9027,29.9808,14.4019,-35.3622,35.3399,0.0,0.0,0.0,-17.703,0.0,-20.1607,-15.6702,-22.0287,0.0,-14.7297,29.9964,0.0,0.0,29.5442,0.0,67.2353,2.429,0.0,-26.6523,14.1405,-40.6762,-51.2811,-6.5378,-12.5128,-22.4912,-3.0825,53.1328,9.0226,12.0317,18.2729,-31.3828,-20.3399,-6.3824,69.2936,0.0,0.0,-23.1383,-10.985,-8.8627,-15.3831,20.2358,-30.2055,-5.9016],"direction":[19.5057,30.9631,17.2387,16.0899,-12.4915,0.6474,16.129,-3.1285,32.1594,0.0,0.0,0.0,-1.9909,0.0,-12.033,-21.4738,-21.943,0.0,-13.11,17.6336,0.0,0.0,14.7595,0.0,34.2109,30.6744,0.0,-12.9541,12.1306,-16.6847,-40.9823,-42.8729,-34.5672,-35.1461,-21.0707,14.1505,12.2925,19.3231,24.1529,-6.2035,-13.1456,-26.4519,6.0771,0.0,0.0,-1.8993,-15.8074,-19.3853,-18.5937,7.8318,-1.911,-1.3256],"intensity":[36.0,3.8462,55.5556,3.5714,89.6552,43.3333,38.7097,90.625,60.6061,14.7059,8.5714,5.5556,27.027,15.7895,20.5128,20.0,56.0976,50.0,11.6279,88.6364,88.8889,86.9565,23.4043,4.1667,51.0204,14.0,25.4902,26.9231,23.0769,75.0,46.1538,46.1538,88.4615,55.7692,5.7692,36.5385,36.5385,46.1538,34.6154,57.6923,76.9231,90.3846,90.3846,34.6154,94.2308,100.0,17.3077,21.1538,5.7692,88.4615,76.9231,38.4615],"confirmation":[48.4842,76.3577,49.2486,49.2613,76.4918,50.4157,73.5607,50.6309,78.5742,25.742,26.3269,24.8164,48.6682,0.6895,73.6121,73.6843,74.2659,24.9181,73.1473,74.7763,3.0733,24.8655,74.4888,1.1182,82.5218,50.4929,26.1166,29.059,73.4007,76.2853,82.8447,52.2,74.7261,77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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":"Control support is limited","controlPath":"Broadly stable","forceState":"Commitment is limited","forcePath":"Broadly stable","directionState":"Follow-through is limited","persistenceState":"Developing","confirmationState":"Limited support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-3.4","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-3.7","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-5.9","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-1.3","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"9/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"47.6","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"4.7%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"26.4","detail":"Directional","tone":"positive"},{"label":"Range position","value":"43%","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 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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,213.4731,156.7757,15.2059,10.9147,54.3817,37.3798,8.9165,209.7234,12.0978,155.5566,221.4537,206.6375,180.9489,93.3233,783.6701,322.735,140.9642,41.508,5.5752,38.7681,3.7398,8.6013,55.3012,91.7815,16.3583,141.7377,34.679,12.6557,21.2662,8.4771,4.2737,3.2698,8.0168,8.6847,63.6715,63.3729,11.8606,46.7416,892.1179,20.081,70.6386,535.4373,459.1762,48.5106,7.9496,30.3511,2.528,18.0505,10.7314,0.9382,13.7625,5.5049,36.713,18.7216,3.8744,12.6224,8.2135,38.7654,8.7674,20.05,41.9211,25.9836,135.3075,52.3404,23.244,41.349,442.0558,78.6371,183.1024,282.2309],"stroke":"#1678a7","width":1.8},{"label":"Cumulative 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9409 Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/7179653e-bd7c-463d-92e8-2e035ca937af/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."}