{"schema_version":"1.0","name":"OBUS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"7463801a-b893-4376-a5c9-09c695690bb3","symbol":"OBUS","name":"Oddo BHF US Equity Active UCITS ETF","exchange":"EBS","country":"CH","asset_type":"etf","currency":"CHF","sector":null,"industry":null},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. The upward price structure remains intact, but its underlying support has 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, Directional strength and control, Range pressure and compression, Range position and boundary pressure, Directional pressure and rotation, 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":37,"displayedObservations":37,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. The upward price structure remains intact, but its underlying support has weakened.","evidenceAlignment":{"status":"Confirmation weakening","headline":"Upward price structure remains intact, but support is fading","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. The upward price structure remains intact, but its underlying support has weakened.","take":"Treat the advance as conditional. Renewed Market Dynamics would restore confirmation; continued contraction would increase rollover risk.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.938773,1.261607,1.295602,1.226659,1.194523,0.92216,0.744595,0.611949,0.334921],"opens":[9.124,9.111,9.205,9.105,9.146,9.208,9.171,9.391,9.462],"highs":[9.124,9.111,9.205,9.105,9.272,9.208,9.391,9.442,9.462],"lows":[9.124,9.111,9.205,9.105,9.146,9.0,9.171,9.391,9.191],"closes":[9.124,9.111,9.205,9.105,9.272,9.008,9.391,9.442,9.191],"hoverRows":[[{"label":"Open","value":"9.12","className":"is-ohlc","compact":true},{"label":"High","value":"9.12","className":"is-ohlc","compact":true},{"label":"Low","value":"9.12","className":"is-ohlc","compact":true},{"label":"Close","value":"9.12","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.94","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.11","className":"is-ohlc","compact":true},{"label":"High","value":"9.11","className":"is-ohlc","compact":true},{"label":"Low","value":"9.11","className":"is-ohlc","compact":true},{"label":"Close","value":"9.11","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.26","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.21","className":"is-ohlc","compact":true},{"label":"High","value":"9.21","className":"is-ohlc","compact":true},{"label":"Low","value":"9.21","className":"is-ohlc","compact":true},{"label":"Close","value":"9.21","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.30","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.11","className":"is-ohlc","compact":true},{"label":"High","value":"9.11","className":"is-ohlc","compact":true},{"label":"Low","value":"9.11","className":"is-ohlc","compact":true},{"label":"Close","value":"9.11","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.23","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.15","className":"is-ohlc","compact":true},{"label":"High","value":"9.27","className":"is-ohlc","compact":true},{"label":"Low","value":"9.15","className":"is-ohlc","compact":true},{"label":"Close","value":"9.27","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.19","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.21","className":"is-ohlc","compact":true},{"label":"High","value":"9.21","className":"is-ohlc","compact":true},{"label":"Low","value":"9.00","className":"is-ohlc","compact":true},{"label":"Close","value":"9.01","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.92","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.17","className":"is-ohlc","compact":true},{"label":"High","value":"9.39","className":"is-ohlc","compact":true},{"label":"Low","value":"9.17","className":"is-ohlc","compact":true},{"label":"Close","value":"9.39","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.74","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.39","className":"is-ohlc","compact":true},{"label":"High","value":"9.44","className":"is-ohlc","compact":true},{"label":"Low","value":"9.39","className":"is-ohlc","compact":true},{"label":"Close","value":"9.44","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.61","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"9.46","className":"is-ohlc","compact":true},{"label":"High","value":"9.46","className":"is-ohlc","compact":true},{"label":"Low","value":"9.19","className":"is-ohlc","compact":true},{"label":"Close","value":"9.19","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.33","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":[8.98196,9.46804],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.334921,"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":"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":25,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-12-12","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":[8.034,7.937,7.95,8.018,8.112,8.289,8.034,7.955,7.879,7.922,7.922,7.936,7.962,7.89,7.739,7.655,7.876,8.177,8.337,8.455,8.451,8.642,8.784,8.8,8.89,8.967,8.953,9.254,9.124,9.111,9.205,9.105,9.272,9.008,9.391,9.442,9.191],"consensus":[-100.0,-100.0,100.0,0.0,13.4436,20.0155,-17.2947,-17.8794,0.0,0.0,0.0,-9.9791,-11.0105,0.0,-24.2496,-25.8513,14.7871,30.7048,35.3448,38.4429,9.4004,48.143,46.2645,38.5733,31.0364,30.8675,23.8753,32.7995,21.5906,23.1981,32.265,0.0,56.5409,-21.7015,55.6351,50.5813,25.6336],"supportDates":["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,22.4481,-26.4238,-25.5147,0.0,0.0,0.0,-16.9016,-21.8959,0.0,-32.7758,-31.9319,26.7657,40.1156,42.7207,44.7648,5.0763,48.8511,53.6746,45.9119,21.6841,29.5881,23.372,20.5449,18.2055,22.7568,31.7336,0.0,60.2022,-29.1235,69.8724,55.1492,27.3844],"force":[-100.0,-100.0,100.0,0.0,24.7039,25.2843,-28.0303,-24.3459,0.0,0.0,0.0,-8.8226,-10.9767,0.0,-20.6657,-19.287,21.7427,31.185,27.7292,27.3661,5.1416,56.6861,36.2165,21.3794,24.0151,11.7581,3.019,21.2498,4.1919,2.8532,14.6741,0.0,73.0584,-42.934,50.9597,45.1438,68.4445],"direction":[null,null,null,null,5.4006,13.4719,-0.807,-4.5346,0.0,0.0,0.0,-2.8938,-1.4058,0.0,-17.0652,-23.5908,3.871,19.6066,32.3551,39.1298,36.3324,41.2315,44.9731,42.4677,46.7401,45.9791,39.348,55.0545,43.8753,38.2346,45.4372,0.0,40.5584,-1.9471,42.7034,49.2447,6.9465],"intensity":[null,null,null,null,75.0,80.0,83.3333,57.1429,62.5,55.5556,10.0,45.4545,16.6667,53.8462,71.4286,26.6667,87.5,94.1176,94.4444,63.1579,35.0,71.4286,50.0,13.0435,75.0,32.0,7.6923,96.2963,67.8571,6.8966,33.3333,35.4839,65.625,87.8788,97.0588,77.1429,80.5556],"confirmation":[54.6667,54.6667,54.6667,0.0,27.4834,74.5285,51.2279,51.1355,24.1502,24.5771,1.1027,48.3859,48.9897,48.8087,75.5207,75.9797,50.9205,77.6968,78.9659,79.8678,27.632,83.6553,82.3855,79.7076,77.8602,77.3147,52.3455,78.3306,52.4024,52.1434,77.7968,27.2054,86.5407,53.2272,85.4438,83.9507,64.2961],"persistence":[null,null,33.3333,25.0,0.0,16.6667,0.0,12.5,0.0,12.5,0.0,12.5,37.5,50.0,50.0,50.0,37.5,25.0,12.5,12.5,37.5,50.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,62.5,62.5,62.5,37.5],"assessmentRisk":[null,null,null,null,32.628,39.9488,35.3386,13.0484,46.2411,46.8078,35.7725,3.5783,38.3216,18.8208,34.6792,36.5159,37.2757,32.6143,32.2988,30.7782,45.2896,25.8639,26.7731,30.2623,34.3824,33.9885,32.1861,33.5636,37.1309,29.8693,33.0163,47.0186,14.5345,19.7746,12.4598,23.0487,7.901],"volumeParticipation":true,"latest":{"consensus":25.6,"control":27.4,"force":68.4,"direction":6.9,"confirmation":64.3,"persistence":37.5,"assessmentRisk":7.9,"intensity":80.6,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and 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":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+25.6","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+27.4","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+68.4","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+6.9","detail":"Follow-through is limited","tone":"positive"},{"label":"SM Confirmation Gauge","value":"64/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"58.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"3.2%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"35.9","detail":"Directional","tone":"positive"},{"label":"Range position","value":"85%","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 upward.","series":[{"label":"Close","values":[8.034,7.937,7.95,8.018,8.112,8.289,8.034,7.955,7.879,7.922,7.922,7.936,7.962,7.89,7.739,7.655,7.876,8.177,8.337,8.455,8.451,8.642,8.784,8.8,8.89,8.967,8.953,9.254,9.124,9.111,9.205,9.105,9.272,9.008,9.391,9.442,9.191],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,8.0259,8.0738,8.0665,8.0462,8.0158,7.9988,7.9848,7.9759,7.9734,7.9582,7.9184,7.8705,7.8715,7.927,8.0016,8.084,8.1507,8.2401,8.339,8.4228,8.5077,8.5912,8.657,8.7656,8.8307,8.8817,8.9405,8.9704,9.0252,9.0221,9.0892,9.1533,9.1602],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,8.0034,7.995,7.976,7.9523,7.9466,7.9637,7.9913,8.0257,8.0572,8.1005,8.1511,8.1992,8.2504,8.3035,8.3516,8.4184,8.4707,8.5181,8.569,8.6087,8.6578,8.6838,8.7362,8.7884,8.8183],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,8.2377,8.2253,8.2135,8.2032,8.1955,8.2074,8.227,8.2167,8.2422,8.3019,8.3797,8.4481,8.5589,8.6885,8.7999,8.9148,9.0244,9.1266,9.2806,9.3801,9.4632,9.5486,9.6028,9.6722,9.6811,9.7065,9.6864,9.6273],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,7.7883,7.7842,7.7845,7.7891,7.7817,7.7364,7.6773,7.6786,7.6786,7.6585,7.6282,7.6015,7.5612,7.515,7.4818,7.4447,7.4029,7.3926,7.3685,7.3935,7.4293,7.4722,7.5349,7.5965,7.6994,7.8392,8.038,8.2286],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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 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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,10.7252,10.3251,9.8804,9.1539,8.4946,7.8736,7.3088,6.8162,6.3597,5.9596,5.6326,5.3043,4.9444,4.6096,4.419,4.2636,3.9749,3.7262,3.5765,3.3899,3.4557,3.3693,3.1503,3.2158],"stroke":"#c13f3f","width":1.9},{"label":"Envelope 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OBUS Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/7463801a-b893-4376-a5c9-09c695690bb3/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."}