{"schema_version":"1.0","name":"JRNI Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"73a7f803-9680-4c29-bf9d-3f83e6ab1780","symbol":"JRNI","name":"JPMORGAN ETFS (IRELAND) ICAV JP","exchange":"LSE","country":"GB","asset_type":"etf","currency":"GBP","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","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, Acceleration, deceleration and rollover, Drawdown and recovery pressure, 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":55,"displayedObservations":55,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics strengthened this week and remains positive. 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strength ahead of price","tone":"caution","headline":"Underlying strength is leading price","use":"A positive price response is needed before the early upside case is confirmed.","confirm":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"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":"Early repair watch","title":"Prepare the case before price confirms the recovery","tone":"recovery","approach":"Use the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.","finding":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","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."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-02-20","price":1816.0}],"reversal_dangers":[{"date":"2026-02-27","price":1795.900024}]}},"smTape":{"available":true,"dates":["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":[1789.6,1791.0,1837.7,1779.7,1805.9999,1826.6001,1856.3,1800.4,1809.6001,1843.1,1888.2999,1906.5,1889.8,1876.0,1914.4,1907.2,1904.7,1870.9,1840.0999,1892.7,1856.9,1874.5001,1831.2,1825.7,1742.4999,1739.6999,1808.9001,1783.3,1816.0,1795.9,1734.1999,1657.3,1604.4,1574.6,1603.7,1681.2,1741.1,1671.0,1642.3,1671.6,1645.6,1647.1,1651.0,1620.9,1646.2,1709.6,1718.9,1702.0,1695.3,1677.0,1661.5,1696.0,1711.4,1679.9,1674.7],"consensus":[-100.0,-100.0,-47.5139,-100.0,0.0,16.1558,19.1672,-16.5303,14.5159,16.3348,23.4477,14.159,0.0,-8.058,19.7679,0.0,10.8945,0.0,-21.75,18.024,-19.3198,14.4945,-21.7504,-22.1579,-42.5427,-11.003,12.1193,-29.8284,20.935,-16.798,-43.7027,-60.7061,-63.7268,-54.109,-12.8895,15.0495,35.5773,-24.3066,-28.0381,0.0,-12.624,0.0,-8.1694,-26.9029,0.0,52.3406,24.9918,13.3305,11.3105,-11.5113,-23.3469,29.7704,20.9081,-22.8997,-1.4601],"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":[null,null,22.7553,26.8447,-25.2448,22.3317,22.5982,30.2545,11.5316,0.0,-18.9015,28.7371,0.0,16.7404,0.0,-29.1302,28.9841,-28.0161,24.6454,-33.5509,-29.2378,-51.8262,-3.1974,24.8382,-33.8896,20.6342,-30.7914,-46.3586,-64.5171,-65.6856,-61.7829,-5.0701,24.6708,40.141,-46.4886,-47.007,0.0,-2.1337,0.0,-14.4495,-27.4184,0.0,52.9793,21.0604,4.2583,3.749,-10.5805,-14.7073,27.53,11.6106,-35.6464,-4.6514],"force":[-100.0,0.0,21.7673,25.1031,-26.5656,21.6283,21.9826,29.5366,11.6283,0.0,-13.011,15.3484,0.0,7.0668,0.0,-23.8304,22.4972,-21.5235,17.1877,-20.8292,-17.9956,-36.5629,-4.2067,23.0806,-38.7759,39.3638,-19.905,-52.7182,-69.0667,-68.6779,-33.3296,-15.072,34.3749,42.9467,-23.8427,-18.4477,0.0,-0.7657,0.0,-3.5123,-18.13,0.0,77.6819,12.4679,0.8889,3.7025,-15.3666,-37.1299,60.2854,27.8458,-36.7818,-1.896],"direction":[null,0.0,4.6054,6.1531,-0.5971,0.5033,5.1424,11.3192,18.9695,0.0,-7.8723,12.6741,0.0,6.9476,0.0,-11.8294,2.3031,-7.8072,0.9697,-8.922,-17.0398,-36.2044,-38.0962,10.2462,-18.7959,8.1155,-1.4138,-34.2279,-50.3787,-57.9516,-60.1812,-53.3871,9.7501,25.0977,-0.713,-13.2097,0.0,-33.0831,0.0,-9.3363,-32.58,0.0,33.5096,38.4305,32.5856,25.3866,-9.8214,-23.3757,10.5345,26.5783,-1.5838,-2.4986],"intensity":[null,25.0,20.0,50.0,57.1429,50.0,55.5556,60.0,63.6364,8.3333,7.6923,57.1429,20.0,37.5,70.5882,72.2222,78.9474,55.0,23.8095,59.0909,26.087,95.8333,92.0,88.4615,25.9259,42.8571,13.7931,86.6667,90.3226,71.875,63.6364,32.3529,94.2857,80.5556,83.7838,55.2632,30.7692,77.5,2.439,40.4762,48.8372,20.4545,82.2222,8.6957,8.5106,2.0833,12.2449,48.0,52.9412,32.6923,42.3077,23.0769],"confirmation":[54.6667,1.2495,50.5737,51.5308,50.9235,50.0761,50.6371,75.5851,72.4938,27.1349,49.577,74.0544,25.6679,25.9472,24.6896,74.9109,51.0703,51.4503,49.899,74.7522,74.8558,81.29,27.52,28.8709,77.7559,75.2654,50.8918,82.2192,87.6227,88.5136,84.5647,7.8431,30.0049,79.5398,52.9114,76.3909,2.5103,26.5048,4.5083,48.2451,76.3337,2.242,85.5116,75.6756,26.6915,26.1694,71.8153,76.0227,78.4907,75.0437,53.2279,0.6947],"persistence":[100.0,80.0,50.0,28.5714,37.5,12.5,12.5,37.5,62.5,62.5,37.5,37.5,50.0,50.0,37.5,12.5,12.5,0.0,25.0,0.0,12.5,37.5,50.0,25.0,50.0,25.0,50.0,50.0,50.0,50.0,50.0,75.0,50.0,50.0,50.0,50.0,37.5,37.5,25.0,25.0,50.0,62.5,37.5,12.5,0.0,25.0,12.5,12.5,37.5,50.0,25.0,12.5],"assessmentRisk":[null,20.1077,29.9155,15.5308,32.5578,2.3527,13.3537,23.8306,42.7119,51.3429,42.0531,22.3989,2.9369,19.6184,6.0901,38.4288,30.13,36.4887,1.2564,2.9948,38.0554,28.6044,44.4601,31.1396,25.0343,36.9825,52.54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structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-1.5","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-4.7","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-1.9","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction 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envelope","values":[null,null,null,null,null,null,null,null,null,1765.3144,1757.6692,1751.1234,1751.8563,1754.7547,1753.4599,1754.5204,1756.3695,1759.6278,1761.4118,1763.749,1771.8353,1781.0345,1780.3031,1789.6255,1772.635,1754.5969,1750.353,1747.5198,1748.3099,1743.2237,1726.2027,1692.8095,1650.3196,1607.71,1582.0549,1574.5269,1575.6968,1568.3154,1556.811,1556.4203,1551.6363,1552.5017,1551.6056,1548.7911,1544.6713,1544.8108,1551.0837,1555.2911,1566.8131,1578.0161,1580.4467,1580.9959,1588.4127,1606.1828,1617.8464],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"participation","eyebrow":"Participation","title":"Activity 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