{"schema_version":"1.0","name":"CNUB Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"7e8d0bb9-f332-41fb-8417-31cf875e8939","symbol":"CNUB","name":"UBS MSCI India SF UCITS ETF USD acc","exchange":"GER","country":"DE","asset_type":"etf","currency":"EUR","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":39,"displayedObservations":39,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","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.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Market Dynamics is improving before price has fully responded","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.","take":"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.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.16141,0.305566,0.419788,0.589245,0.677663,0.610348,0.538723,0.56002,0.584666,0.621715,0.64894],"opens":[7.468,7.893,7.927,7.875,7.846,7.748,7.747,7.756,7.96,7.963,7.835],"highs":[7.658,7.893,7.934,7.878,7.875,7.804,7.803,7.91,7.998,7.966,7.86],"lows":[7.468,7.882,7.917,7.86,7.846,7.748,7.6,7.756,7.926,7.837,7.718],"closes":[7.612,7.884,7.917,7.86,7.86,7.788,7.736,7.871,7.958,7.837,7.749],"hoverRows":[[{"label":"Open","value":"7.47","className":"is-ohlc","compact":true},{"label":"High","value":"7.66","className":"is-ohlc","compact":true},{"label":"Low","value":"7.47","className":"is-ohlc","compact":true},{"label":"Close","value":"7.61","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.16","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.89","className":"is-ohlc","compact":true},{"label":"High","value":"7.89","className":"is-ohlc","compact":true},{"label":"Low","value":"7.88","className":"is-ohlc","compact":true},{"label":"Close","value":"7.88","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.31","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.93","className":"is-ohlc","compact":true},{"label":"High","value":"7.93","className":"is-ohlc","compact":true},{"label":"Low","value":"7.92","className":"is-ohlc","compact":true},{"label":"Close","value":"7.92","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"0.68","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.75","className":"is-ohlc","compact":true},{"label":"High","value":"7.80","className":"is-ohlc","compact":true},{"label":"Low","value":"7.75","className":"is-ohlc","compact":true},{"label":"Close","value":"7.79","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":"7.75","className":"is-ohlc","compact":true},{"label":"High","value":"7.80","className":"is-ohlc","compact":true},{"label":"Low","value":"7.60","className":"is-ohlc","compact":true},{"label":"Close","value":"7.74","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.54","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.76","className":"is-ohlc","compact":true},{"label":"High","value":"7.91","className":"is-ohlc","compact":true},{"label":"Low","value":"7.76","className":"is-ohlc","compact":true},{"label":"Close","value":"7.87","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.56","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.96","className":"is-ohlc","compact":true},{"label":"High","value":"8.00","className":"is-ohlc","compact":true},{"label":"Low","value":"7.93","className":"is-ohlc","compact":true},{"label":"Close","value":"7.96","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.58","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.96","className":"is-ohlc","compact":true},{"label":"High","value":"7.97","className":"is-ohlc","compact":true},{"label":"Low","value":"7.84","className":"is-ohlc","compact":true},{"label":"Close","value":"7.84","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.62","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.83","className":"is-ohlc","compact":true},{"label":"High","value":"7.86","className":"is-ohlc","compact":true},{"label":"Low","value":"7.72","className":"is-ohlc","compact":true},{"label":"Close","value":"7.75","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.65","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[7.59124,7.97876],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.64894,"state":"Positive Market Dynamics ahead of price","context":{"scenario":"dynamicsAhead","latestDirection":"slight strengthening","fourWeekDirection":"strengthening","now":{"label":"Slightly stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"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."}},"diagnosis":{"label":"Underlying strength ahead of price","detail":"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.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"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.","annotations":[{"label":"Current tape relationship","value":"Underlying strength ahead of price","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":"Leading price","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.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":11,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-11-28","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":[8.718,8.599,8.366,8.553,8.505,8.569,8.443,8.305,7.935,7.963,8.455,8.144,8.279,8.2,7.899,7.66,7.335,7.197,7.291,7.64,7.958,7.673,7.6,7.709,7.5,7.612,7.602,7.468,7.612,7.884,7.917,7.86,7.86,7.788,7.736,7.871,7.958,7.837,7.749],"consensus":[-92.0118,28.5024,-100.0,100.0,0.0,0.0,-14.5575,-27.8743,-50.2181,-15.7867,33.6886,-32.2218,15.5746,0.0,-42.5263,-47.7485,-57.8777,-47.2501,-13.617,10.7594,39.9787,-22.621,-14.6948,0.0,-24.4771,10.9023,-8.3619,-38.0649,14.8484,20.1486,9.7327,0.0,15.3284,0.0,0.0,24.9213,21.2428,-14.6032,-15.424],"supportDates":["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,-23.9864,-32.8372,-48.2674,-6.2119,34.0796,-37.6508,18.5713,0.0,-32.7308,-43.7388,-59.7049,-45.3899,-5.639,12.0592,37.5019,-28.2991,-28.2861,0.0,-17.9237,19.1157,-11.3425,-42.0536,16.0561,13.6184,4.3512,0.0,9.4169,0.0,0.0,30.8732,20.4981,-26.5403,-24.7126],"force":[-92.0118,28.5024,-100.0,100.0,0.0,0.0,-13.1828,-31.8346,-66.4521,-1.9944,75.1093,-42.8172,22.2017,0.0,-58.9724,-52.3694,-64.6092,-41.8791,-19.819,43.7026,68.5514,-51.8796,-11.5876,0.0,-27.3253,26.377,-6.3993,-50.5891,29.8291,16.5498,2.1149,0.0,6.8617,0.0,0.0,27.6675,11.1508,-33.113,-20.2337],"direction":[null,null,null,null,0.0,0.0,-4.7635,-19.3737,-40.8518,-39.4302,3.6556,-18.4491,7.416,0.0,-41.974,-49.0305,-50.9812,-53.2126,-46.6176,14.257,22.4001,-4.7672,-1.3813,0.0,-29.9324,9.5377,-6.3573,-24.5606,2.7677,30.1823,34.291,0.0,28.132,0.0,0.0,16.1574,29.3024,-12.2605,-1.3729],"intensity":[null,null,null,null,25.0,20.0,33.3333,85.7143,87.5,77.7778,90.0,72.7273,25.0,7.6923,78.5714,60.0,81.25,58.8235,33.3333,89.4737,75.0,57.1429,22.7273,13.0435,58.3333,20.0,7.6923,37.037,28.5714,89.6552,3.3333,6.4516,3.125,15.1515,38.2353,40.0,44.4444,24.3243,23.6842],"confirmation":[52.1105,31.7874,54.6667,54.6667,25.1653,47.8667,49.8062,76.9649,84.5943,27.7479,57.3701,78.5512,50.4735,24.2488,82.2589,83.4815,86.6982,82.9847,7.6881,30.1353,81.7017,54.3942,49.7339,48.2965,76.0193,28.5366,25.2372,80.5017,50.523,74.4374,27.0141,28.5872,50.0705,1.3127,47.5675,75.9678,74.5015,30.3375,36.1973],"persistence":[null,null,33.3333,0.0,0.0,0.0,14.2857,25.0,25.0,50.0,25.0,50.0,37.5,37.5,37.5,37.5,37.5,37.5,62.5,37.5,37.5,50.0,50.0,37.5,37.5,12.5,12.5,37.5,37.5,12.5,12.5,12.5,37.5,25.0,37.5,62.5,62.5,37.5,12.5],"assessmentRisk":[null,null,null,null,40.1704,13.1811,32.7094,33.8367,24.8102,42.0643,14.2094,13.9304,37.5534,42.1732,27.9573,24.6658,21.0349,26.3593,42.6811,9.2301,28.9141,58.4706,48.1819,10.9381,36.1819,18.9535,4.6347,21.8377,17.4011,34.1264,41.7364,46.8934,37.3305,30.2913,41.7352,8.0992,22.1766,27.5446,13.3433],"volumeParticipation":true,"latest":{"consensus":-15.4,"control":-24.7,"force":-20.2,"direction":-1.4,"confirmation":36.2,"persistence":12.5,"assessmentRisk":13.3,"intensity":23.7,"evidenceDepth":100},"analysis":{"status":"Price 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":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-15.4","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-24.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-20.2","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-1.4","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"36/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"44.0","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"3.4%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"11.6","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"54%","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 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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,86.287,140.2651,169.7688,164.2079,133.1881,19.2396,59.9058,298.9153,184.3704,163.9093,469.5179,234.5717,111.2621,148.2726,205.3066,72.3349,58.6053,78.9204,56.6734,210.9751,220.7604,55.8665,0.0,2.5914,0.0,0.0,0.0,52.85,32.6266,15.9746,40.8018,4.5261],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,65.0,65.0,73.0294,81.3286,74.3877,75.3272,72.4896,65.0,65.0,65.0,65.0,71.8171,75.0699,79.7518,72.94,70.649,72.549,69.8989,71.8478,65.0,65.0,66.8229,66.8229,66.902,66.902,66.902,66.902,65.4419,66.3108,66.7183,65.8576,65.7738],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical 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