{"schema_version":"1.0","name":"MEUR Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"870a6963-1444-49fd-b69d-360aa920032b","symbol":"MEUR","name":"Ossiam MSCI Europe ETF 1C EUR","exchange":"PAR","country":"FR","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","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 pressure and compression, Range position and boundary pressure, 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":29,"displayedObservations":29,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["2026-08-21"],"values":[0.23633],"opens":[124.959999],"highs":[124.980003],"lows":[122.779999],"closes":[123.82],"hoverRows":[[{"label":"Open","value":"125.0","className":"is-ohlc","compact":true},{"label":"High","value":"125.0","className":"is-ohlc","compact":true},{"label":"Low","value":"122.8","className":"is-ohlc","compact":true},{"label":"Close","value":"123.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[122.7,124.94],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"steady","fourWeekDirection":"steady","now":{"label":"Little changed this week","detail":"Market Dynamics remains positive and was little changed this week."},"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":"Zone progression","detail":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","tone":"neutral"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price is travelling between the lower accumulation area and the upper positioning zone. Market Dynamics history is not yet sufficient to confirm or challenge that progression.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics remains positive and was little changed this week.","tone":"neutral"},{"label":"Price location","value":"Between zones","detail":"Price is progressing between the lower and upper positioning zones while the Market Dynamics read develops.","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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[114.62,114.52,116.96,117.8,112.28,110.92,106.74,107.12,111.06,114.7,116.72,114.16,114.28,114.66,113.76,117.82,117.96,117.52,119.4,120.14,120.3,123.42,121.32,121.26,121.82,122.68,125.24,124.84,123.82],"consensus":[-10.185,-51.0208,0.0,-23.2878,-48.2324,-25.5713,-60.0099,-27.5969,18.9144,45.0397,54.0321,0.0,18.5839,0.0,-21.7838,59.5368,14.3961,9.3906,31.9284,16.3473,27.7057,51.8126,0.0,31.9596,20.5365,16.2536,64.1844,14.5687,10.0818],"supportDates":["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,-17.1214,-62.1592,-14.1758,26.2641,35.6948,47.547,0.0,15.9356,0.0,-18.2734,53.8352,4.9427,1.101,27.0796,6.5056,27.9586,56.2286,0.0,41.2643,14.1879,17.8607,63.7961,5.1956,6.8072],"force":[-10.185,-51.0208,0.0,-23.2878,-46.6338,-13.1345,-46.5354,-2.2483,55.4133,75.7311,65.4575,0.0,16.129,0.0,-38.7539,85.3462,2.6772,5.9681,20.1167,2.2407,8.8065,36.8462,0.0,15.4175,12.3397,3.1777,81.333,14.4615,16.9132],"direction":[null,null,null,null,-49.3742,-44.1117,-67.1781,-61.0415,15.5557,33.7974,53.2827,0.0,23.3641,0.0,-13.6744,47.6175,37.3953,32.3516,45.9068,40.8721,40.916,57.4561,0.0,33.1415,33.6469,23.7569,52.3792,46.0168,33.1064],"intensity":[null,null,null,null,100.0,60.0,83.3333,42.8571,75.0,77.7778,60.0,27.2727,16.6667,46.1538,14.2857,86.6667,87.5,23.5294,44.4444,15.7895,5.0,57.1429,36.3636,8.6957,100.0,36.0,46.1538,96.2963,100.0],"confirmation":[25.9259,38.9933,0.512,30.1188,60.6946,75.9325,86.7598,53.5963,33.0382,83.4905,85.7373,30.941,73.9124,24.8517,75.5415,87.9252,27.4683,26.8715,77.931,27.9593,76.286,84.0566,7.1157,77.5812,74.4186,50.1115,89.0676,7.0052,6.0615],"persistence":[null,null,66.6667,75.0,80.0,83.3333,85.7143,87.5,62.5,37.5,25.0,12.5,12.5,25.0,25.0,50.0,50.0,50.0,50.0,62.5,62.5,75.0,87.5,87.5,87.5,87.5,87.5,87.5,87.5],"assessmentRisk":[null,null,null,null,8.5907,30.7617,19.9323,36.1715,28.9164,19.5694,22.8598,50.8685,31.4007,4.159,28.8424,12.9633,35.677,36.9152,33.195,33.7182,28.1313,23.9344,36.1264,11.975,27.234,30.2441,17.0872,41.5898,39.8092],"volumeParticipation":true,"latest":{"consensus":10.1,"control":6.8,"force":16.9,"direction":33.1,"confirmation":6.1,"persistence":87.5,"assessmentRisk":39.8,"intensity":100.0,"evidenceDepth":100},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Broadly stable","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Limited support","riskState":"Present","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+10.1","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+6.8","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+16.9","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+33.1","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"6/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"64.3","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"2.9%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"29.2","detail":"Directional","tone":"positive"},{"label":"Range position","value":"73%","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":[114.62,114.52,116.96,117.8,112.28,110.92,106.74,107.12,111.06,114.7,116.72,114.16,114.28,114.66,113.76,117.82,117.96,117.52,119.4,120.14,120.3,123.42,121.32,121.26,121.82,122.68,125.24,124.84,123.82],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,114.9425,114.2111,112.8527,111.8104,111.674,112.2242,113.0416,113.2449,113.4331,113.6562,113.6751,114.4287,115.0707,115.5161,116.2222,116.9346,117.5465,118.6144,119.1063,119.4979,119.9201,120.4219,121.2979,121.9419,122.2834],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,113.7029,113.7738,113.7728,114.0726,114.3606,114.5946,114.9506,115.335,115.7027,116.2744,116.6481,116.9898,117.3476,117.7425,118.2979,118.7825,119.1557],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,119.823,120.2445,120.0588,119.9033,119.8055,119.6186,120.0727,120.4585,120.6885,121.2159,121.7895,122.4854,123.7806,124.3691,124.8401,125.5324,126.184,126.573,126.5105,126.6341],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,105.521,105.8355,106.2078,106.5397,106.843,107.0881,107.1923,107.3156,107.4893,107.5209,107.5245,107.3966,106.9914,106.8389,106.7139,106.9756,107.5,108.961,110.7955,111.9479],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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 pressure and cumulative balance","description":"Observed activity is compared with 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,297.964,90.5396,342.8955,131.2903,48.9188,100.8132,321.0426,142.6935,562.3267,66.2995,6.61,2.332,8.206,16.2679,10.8713,21.8108,7.9912,68.6238,30.9341,131.098,185.6081,77.0918],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,135.0,135.0,135.0,132.6356,135.0,135.0,129.6605,135.0,135.0,134.8173,134.8784,135.0,135.0,135.0,134.4862,134.301,135.0,135.0,135.0,130.854,129.1011],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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 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,25.0586,27.6617,29.1952],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,13.907,13.3836,15.4119,18.2545,18.0156,21.7095,21.1143,20.7796,25.2628,24.1737,23.8814,32.0985,30.0558,29.3011,36.2672,34.7043],"stroke":"#07865c","width":1.6},{"label":"Negative direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,12.3392,11.8748,11.0382,10.5643,10.4932,9.8724,9.6017,10.0911,9.4426,11.8964,12.7532,11.1335,10.425,9.8426,8.6452,11.8377],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["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,4.2201,4.1041,3.9585,3.8361,3.6228,3.5193,3.3393,3.1466,3.0436,3.0046,2.8255,2.9916,2.9459,2.8381,3.01,2.945],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,12.6934,12.7468,12.2431,11.8031,11.4384,11.0544,11.3351,11.5402,11.5692,11.9744,12.4415,13.1275,14.5505,15.164,15.6562,15.9622,15.9909,14.955,13.2445,12.3112],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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":"range","eyebrow":"Acceptance 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,16.5893,39.4431,60.5568,72.2738,57.4246,58.1206,60.3248,55.1044,78.6543,79.4663,76.9141,87.819,92.1114,93.0395,98.6612,87.8476,87.5386,77.2208,81.0026,92.2603,76.9633,73.1488],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-11.8354,-8.5926,-5.5967,-3.9342,-6.0411,-5.9424,-5.6296,-6.3704,-3.0288,-2.9136,-3.2757,-1.7284,-1.1193,-0.9877,-0.2102,-1.9082,-1.9567,-4.0787,-3.4016,-1.3858,-4.7023,-5.4809],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,2.7431,6.5222,10.0134,11.9509,9.4955,9.6106,9.9751,9.1118,13.0059,13.1402,12.7182,14.5214,15.2311,15.3846,18.3771,16.3629,16.3054,16.8425,17.6674,20.1228,19.7391,18.7608],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"momentum","eyebrow":"Momentum pressure","title":"Directional pressure and rotation","description":"Two independent 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}