{"schema_version":"1.0","name":"AVNG Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"81b31181-9775-41cc-9e55-ac5a8a2f1a2d","symbol":"AVNG","name":"Avantis Global Equity Active ETF","exchange":"ASX","country":"AU","asset_type":"etf","currency":"AUD","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, Activity pressure and cumulative balance, Directional strength and control, Range position and boundary pressure, Range pressure and compression, Directional pressure and rotation."},{"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":45,"displayedObservations":45,"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":["2026-05-01","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"],"values":[0.076545,0.278544,0.525685,0.789922,1.000552,1.040112,1.04229,1.048842,0.965584,0.952523,0.999711,0.984923,1.010656,0.974785,0.875115,0.800095,0.668193],"opens":[10.54,10.71,10.84,10.92,11.05,11.17,11.25,11.39,11.53,11.65,11.51,11.41,11.41,11.41,11.32,11.65,11.65],"highs":[10.71,10.88,10.92,11.05,11.16,11.17,11.25,11.39,11.53,11.65,11.51,11.41,11.46,11.43,11.73,11.65,11.65],"lows":[10.54,10.71,10.83,10.92,11.05,11.17,11.25,11.39,11.45,11.65,11.51,11.41,11.41,11.32,11.32,11.65,11.5],"closes":[10.71,10.88,10.92,11.05,11.14,11.17,11.25,11.39,11.45,11.65,11.51,11.41,11.41,11.32,11.65,11.65,11.5],"hoverRows":[[{"label":"Open","value":"10.5","className":"is-ohlc","compact":true},{"label":"High","value":"10.7","className":"is-ohlc","compact":true},{"label":"Low","value":"10.5","className":"is-ohlc","compact":true},{"label":"Close","value":"10.7","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"0.88","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"11.7","className":"is-ohlc","compact":true},{"label":"High","value":"11.7","className":"is-ohlc","compact":true},{"label":"Low","value":"11.7","className":"is-ohlc","compact":true},{"label":"Close","value":"11.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.80","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"11.7","className":"is-ohlc","compact":true},{"label":"High","value":"11.7","className":"is-ohlc","compact":true},{"label":"Low","value":"11.5","className":"is-ohlc","compact":true},{"label":"Close","value":"11.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.67","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":[10.6536,11.7064],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.668193,"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":17,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-08","price":10.88}],"reversal_dangers":[{"date":"2026-06-26","price":11.45},{"date":"2026-07-03","price":11.65}]}},"smTape":{"available":true,"dates":["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":[10.29,10.41,10.43,10.43,10.41,10.24,10.54,10.51,10.59,10.52,10.57,10.54,10.75,10.86,10.65,10.51,10.53,10.51,10.52,10.57,10.44,10.11,10.02,10.24,10.3,10.43,10.54,10.54,10.71,10.88,10.92,11.05,11.14,11.17,11.25,11.39,11.45,11.65,11.51,11.41,11.41,11.32,11.65,11.65,11.5],"consensus":[100.0,81.8182,-33.3333,-19.3333,34.4437,-53.505,62.6129,20.695,65.1284,10.8284,18.2127,0.0,82.2522,83.1266,-14.9809,-28.7238,-10.8333,-30.1196,-15.7226,20.4764,-52.069,-62.9058,-77.4837,9.2016,0.0,39.164,52.2276,26.2957,64.8961,70.668,62.2617,72.3347,73.8031,46.7905,52.9584,58.0079,39.3273,69.5175,20.7902,19.8935,12.7667,-26.8811,66.21,38.187,13.1829],"supportDates":["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,-51.5278,68.4467,11.6203,65.2786,4.8526,9.1558,0.0,81.3936,81.5428,-26.748,-31.6601,-4.9542,-22.3763,-12.169,24.3852,-47.9973,-58.5208,-77.5371,23.5972,0.0,43.7873,44.8481,22.1845,75.2131,82.8909,68.2872,82.0969,69.5554,41.1381,48.8091,54.9839,18.1776,58.2002,18.4065,17.656,9.2813,-18.8309,69.5891,34.3595,21.1964],"force":[100.0,81.8182,-33.3333,-19.3333,8.6141,-51.8935,53.4442,10.4024,59.7359,28.5569,3.1581,0.0,96.0382,90.4074,-75.5236,-33.009,-1.6611,-39.658,-7.7504,26.7225,-76.8021,-63.5153,-86.1647,75.0042,0.0,52.4222,77.8951,10.1311,58.5855,58.407,45.188,57.4742,80.2264,17.0095,27.2107,34.5587,19.3785,72.3151,49.1131,17.8553,14.7928,-86.0624,70.164,9.8551,76.3463],"direction":[null,null,null,null,65.1993,-56.9159,62.4948,53.2785,68.8085,56.8818,43.8283,0.0,73.3864,79.7361,-41.712,-22.3072,-26.4769,-32.1561,-25.4783,11.5477,-39.056,-67.4819,-71.222,54.2525,0.0,24.41,42.3275,42.5403,57.6129,65.4568,67.571,71.7924,74.0695,74.5226,76.0918,78.2134,77.7475,80.4534,73.4453,49.414,36.4354,-6.191,59.524,62.7984,41.0921],"intensity":[null,null,null,null,75.0,100.0,100.0,71.4286,25.0,22.2222,40.0,9.0909,91.6667,76.9231,85.7143,93.3333,25.0,5.8824,50.0,15.7895,65.0,100.0,45.4545,86.9565,95.8333,52.0,69.2308,48.1481,71.4286,72.4138,46.6667,58.0645,59.375,45.4545,26.4706,62.8571,61.1111,81.0811,63.1579,33.3333,10.0,31.7073,97.619,97.6744,63.6364],"confirmation":[54.6667,48.8485,33.3333,28.8533,11.8101,85.1026,87.6678,30.6988,88.6745,9.6311,51.3218,32.0484,94.7539,94.8465,38.0249,77.2775,26.1965,78.047,50.1758,74.6832,85.4779,88.2153,93.0585,38.9711,6.6076,80.8661,85.6075,75.9846,88.4172,90.0538,87.3116,90.5454,91.8775,82.1515,84.2252,85.894,80.299,90.5033,37.7029,31.7254,29.121,57.1823,89.2562,79.4147,45.4544],"persistence":[null,null,33.3333,0.0,20.0,0.0,14.2857,25.0,25.0,25.0,50.0,62.5,62.5,87.5,62.5,37.5,12.5,12.5,37.5,25.0,50.0,75.0,75.0,50.0,37.5,12.5,12.5,12.5,37.5,62.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,75.0,50.0],"assessmentRisk":[null,null,null,null,31.6314,20.6919,0.9277,16.1979,11.8235,43.4688,3.2655,13.9735,2.2197,8.124,34.3402,3.7988,40.455,34.2733,30.1865,15.917,7.8681,18.2717,11.1932,53.337,32.7796,29.2139,23.8087,35.6909,17.3007,14.4806,18.3887,13.746,12.8308,25.196,23.4976,20.9947,30.3357,15.2412,39.3634,0.0626,25.6307,36.4055,7.5165,28.8416,35.9562],"volumeParticipation":true,"latest":{"consensus":13.2,"control":21.2,"force":76.3,"direction":41.1,"confirmation":45.5,"persistence":50.0,"assessmentRisk":36.0,"intensity":63.6,"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 strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+13.2","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+21.2","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+76.3","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+41.1","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"45/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"65.5","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"1.2%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"38.7","detail":"Directional","tone":"positive"},{"label":"Range position","value":"87%","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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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}