{"schema_version":"1.0","name":"SAWBM Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"785173a9-fe7c-4148-bb1e-2f13e63d4814","symbol":"SAWBM","name":"ETP on SaW SmartAdapt Portfolio Balanciert Index","exchange":"EBS","country":"CH","asset_type":"etf","currency":"CHF","sector":null,"industry":null},"summary":"Price structure and the underlying tape currently point in the same 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 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same direction.","take":"The advance is confirmed on the completed evidence, while extension and reversal risk still require 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stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"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":"Positive and broadly steady","detail":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","annotations":[{"label":"Current tape relationship","value":"Positive and broadly steady","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"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":"Supported","detail":"The broader path has not changed enough to establish a new direction.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":22,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-04-10","price":26.16}],"reversal_dangers":[{"date":"2026-04-17","price":26.5}]}},"smTape":{"available":true,"dates":["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":[25.0,25.05,25.04,25.46,25.48,25.2,25.5498,25.8,25.43,25.42,25.5,25.86,25.96,26.05,26.05,26.18,26.29,26.43,26.74,26.58,26.46,26.425,26.45,26.645,26.79,25.995,25.975,25.515,25.33,25.71,26.16,26.5,26.47,26.46,26.71,26.7,26.815,27.05,26.875,26.91,27.195,27.225,27.455,27.37,27.355,27.28,27.28,27.745,27.885,27.605],"consensus":[0.0,61.904,-100.0,58.0,55.4474,0.0,62.8246,77.1494,-24.744,12.9004,27.2222,62.2525,62.8658,52.8183,54.6328,65.9909,63.333,54.8178,77.5235,25.2311,0.0,18.3716,0.0,62.0189,74.3512,-66.6618,-42.3121,-75.2668,-44.2067,0.0,49.5378,59.7814,29.6678,16.8402,64.059,27.0373,58.0807,67.2227,21.0038,35.4467,57.6273,38.7123,54.3701,32.7434,34.1199,0.0,0.0,82.841,53.1198,7.2467],"supportDates":["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,null,null,null,0.0,64.8161,81.2088,-29.3207,1.2329,36.042,72.7281,59.2257,48.315,55.5161,71.1356,71.5469,49.7898,88.3192,14.3481,0.0,20.3775,0.0,77.4972,77.5779,-58.0094,-43.399,-85.4926,-28.8507,0.0,49.6216,71.0686,29.3297,3.5722,75.4072,23.9119,68.7214,71.2327,16.0602,33.7713,53.4801,37.5021,53.596,25.3492,31.4103,0.0,0.0,87.2543,50.9803,20.4874],"force":[0.0,61.904,-100.0,58.0,6.9204,0.0,36.5904,61.682,-81.873,7.7012,16.8935,51.2536,47.6977,23.8605,21.9803,41.425,45.3743,43.3483,65.1054,17.0366,0.0,9.2098,0.0,58.8642,87.1925,-99.4018,-20.238,-64.8897,-27.7044,0.0,92.5089,58.8766,5.4139,4.0922,56.7864,0.2362,41.1607,63.9006,13.0836,12.6902,55.1363,11.5354,34.7076,1.9527,4.8055,0.0,0.0,98.9601,33.5454,76.0135],"direction":[null,null,null,null,99.9959,0.0,79.2874,83.5582,-21.293,43.7683,24.5201,58.1368,77.8603,78.649,76.9465,77.6583,66.7734,68.7565,74.0557,67.86,0.0,35.7801,0.0,46.5828,61.4913,-53.1647,-56.837,-70.9923,-73.5438,0.0,18.7483,47.528,47.3784,46.9554,56.2844,50.0902,58.0055,65.0127,51.0017,53.6159,64.1462,59.5074,69.2994,65.977,58.1554,0.0,0.0,66.2837,69.5465,57.0045],"intensity":[null,null,null,null,75.0,60.0,83.3333,42.8571,75.0,11.1111,60.0,81.8182,41.6667,23.0769,14.2857,40.0,18.75,52.9412,61.1111,31.5789,25.0,42.8571,13.6364,47.8261,33.3333,100.0,96.1538,92.5926,92.8571,75.8621,86.6667,83.871,50.0,6.0606,44.1176,42.8571,11.1111,45.9459,34.2105,5.1282,62.5,4.878,47.619,13.9535,4.5455,15.5556,13.0435,93.617,95.8333,63.2653],"confirmation":[0.0,42.4759,54.6667,41.2267,39.7733,34.7431,87.274,92.1546,36.7986,28.2883,76.2619,87.426,87.7103,84.0879,84.4739,88.29,87.5941,85.2688,92.2646,33.2528,10.8904,29.6392,27.5711,87.514,92.1346,90.4614,80.8506,91.6133,81.8772,35.6948,85.1604,86.9305,54.093,28.4928,88.1043,53.2521,85.908,89.3489,31.2155,78.6749,86.428,79.5781,84.811,55.2831,55.3996,7.7038,4.8765,94.9331,84.4344,47.0406],"persistence":[null,null,0.0,25.0,40.0,33.3333,42.8571,50.0,37.5,37.5,62.5,62.5,62.5,75.0,75.0,75.0,100.0,100.0,100.0,100.0,87.5,87.5,75.0,75.0,75.0,50.0,25.0,0.0,12.5,25.0,12.5,12.5,12.5,12.5,37.5,62.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,75.0,75.0,75.0,62.5],"assessmentRisk":[null,null,null,null,21.8699,32.9671,17.3123,6.8396,3.0055,28.9166,23.9723,19.016,17.5298,23.2365,21.9464,11.6193,14.6581,20.2959,11.1838,36.0936,32.8465,10.9398,50.9185,9.9211,12.3561,13.0944,26.3264,12.3291,27.8932,36.8485,0.6463,19.8428,35.0663,40.5512,14.3615,13.23,9.8127,13.4913,18.4255,16.6705,18.9611,17.8504,22.6992,33.3725,23.8848,14.6672,44.5191,7.3344,23.2438,50.0996],"volumeParticipation":true,"latest":{"consensus":7.2,"control":20.5,"force":76.0,"direction":57.0,"confirmation":47.0,"persistence":62.5,"assessmentRisk":50.1,"intensity":63.3,"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 strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+7.2","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+20.5","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+76.0","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+57.0","detail":"Upward 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upward.","series":[{"label":"Close","values":[25.0,25.05,25.04,25.46,25.48,25.2,25.5498,25.8,25.43,25.42,25.5,25.86,25.96,26.05,26.05,26.18,26.29,26.43,26.74,26.58,26.46,26.425,26.45,26.645,26.79,25.995,25.975,25.515,25.33,25.71,26.16,26.5,26.47,26.46,26.71,26.7,26.815,27.05,26.875,26.91,27.195,27.225,27.455,27.37,27.355,27.28,27.28,27.745,27.885,27.605],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,25.1656,25.1718,25.2405,25.3423,25.3582,25.3694,25.3932,25.4781,25.5657,25.6537,25.7258,25.8084,25.8959,25.993,26.1289,26.2109,26.2562,26.2869,26.3165,26.3763,26.4515,26.3685,26.2969,26.1548,26.0048,25.9512,25.9892,26.082,26.1526,26.2085,26.2997,26.3725,26.4529,26.5615,26.6185,26.6715,26.7667,26.85,26.96,27.0345,27.0928,27.1268,27.1547,27.262,27.3753,27.4171],"stroke":"#176fa3","width":1.7},{"label":"Slow 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quality","title":"Directional strength and control","description":"Directional pressure shows which side controls the tape while strength remains direction-neutral.","reason":"Selected because directional control or trend strength is materially changing.","series":[{"label":"Trend strength","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,61.1167,57.5371,55.5338,52.7831,49.1239,46.5122,44.087,41.8351,40.2467,38.8766,37.7481,37.2444,36.5936,36.0723,36.2149,36.4086,37.0369,37.2127,37.3021,37.0056,36.7302,37.4632,38.3947,37.9172],"stroke":"#10243b","width":2.0},{"label":"Positive 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map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,82.1428,49.1072,48.2143,55.3572,87.5001,96.4285,95.9016,95.9016,100.0,99.2959,92.262,100.0,91.3979,84.9462,83.0645,84.4087,94.8925,100.0,58.377,57.3298,27.1427,18.8889,39.9999,65.0,83.8888,82.2221,81.6666,95.5554,95.0,100.0,99.7578,91.2833,92.9782,100.0,100.0,100.0,96.5518,95.9432,92.9006,92.9006,100.0,100.0,90.3282],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-0.7692,-2.1923,-2.2308,-1.9231,-0.5385,-0.1538,-0.1916,-0.1916,0.0,-0.038,-0.4895,0.0,-0.5984,-1.0471,-1.178,-1.0845,-0.3553,0.0,-2.9675,-3.0422,-4.7592,-5.4498,-4.0314,-2.3516,-1.0825,-1.1945,-1.2318,-0.2986,-0.3359,0.0,-0.0185,-0.6653,-0.5359,0.0,0.0,0.0,-0.3096,-0.3642,-0.6374,-0.6374,0.0,0.0,-1.0041],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,3.6977,2.2106,2.1704,2.492,3.9389,4.3408,4.7026,4.7026,5.2251,5.6672,6.2299,7.4759,6.8328,6.3505,6.2098,6.3103,7.0941,7.6769,4.4815,4.4011,1.897,1.3605,2.8811,4.6819,6.0424,5.9224,5.8823,6.8827,6.8427,7.3029,8.2433,7.543,7.6831,8.8235,8.9436,9.8639,9.5238,9.4638,9.1637,9.1637,11.0244,11.5846,10.4642],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"volatility","eyebrow":"Risk geometry","title":"Range pressure and compression","description":"Movement pressure and envelope width show whether risk is expanding, settling or 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,0.7531,0.7212,0.7019,0.6816,0.7025,0.7276,0.7576,0.758,0.7224,0.712,0.7086,0.6997,0.8881,0.8541,0.9362,1.0237,1.0421,1.0753,1.0773,1.0231,0.9612,0.955,0.9125,0.8744,0.8682,0.858,0.8049,0.8145,0.7633,0.7627,0.7326,0.6846,0.6571,0.6167,0.6827,0.6667,0.6978],"stroke":"#c13f3f","width":1.9},{"label":"Envelope 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impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of 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