{"schema_version":"1.0","name":"NCLR Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"8a937b54-3511-4dbe-98a4-ebda83755ca3","symbol":"NCLR","name":"WisdomTree Uranium and Nuclear Energy UCITS ETF - USD Acc","exchange":"PAR","country":"FR","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear 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 evidence","description":"Six condition-selected views: Trend, acceptance and volatility envelope, Drawdown and recovery pressure, Activity pressure and cumulative balance, Range position and boundary pressure, Range pressure and compression, Acceleration, deceleration and rollover."},{"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":46,"displayedObservations":46,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","evidenceAlignment":{"status":"Repair in progress","headline":"Market Dynamics is improving while price remains rotational","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","take":"Treat the repair as constructive context until price confirms it.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[-0.133094,-0.263867,-0.309302,-0.395645,-0.470478,-0.57342,-0.782143,-1.041571,-1.278318,-1.482068,-1.464913,-1.475382,-1.575825,-1.577013,-1.593676,-1.37389,-1.097653,-0.793153],"opens":[55.419998,55.790001,55.93,55.119999,50.549999,51.139999,50.0,45.775002,49.395,46.0,46.334999,44.700001,40.485001,40.695,43.57,42.389999,46.25,46.419998],"highs":[58.290001,56.52,58.119999,56.27,51.299999,51.939999,50.400002,46.759998,49.395,46.0,46.540001,45.0,40.709999,44.084999,43.665001,46.16,47.139999,47.34],"lows":[54.48,53.279999,54.860001,50.91,47.900002,50.119999,47.799999,45.775002,49.0,45.5,45.939999,44.580002,40.07,40.695,40.005001,42.174999,45.755001,44.564999],"closes":[55.98,55.040001,55.060001,51.139999,50.220001,50.84,48.005001,46.689999,49.09,45.959999,46.465,44.775002,40.415001,42.974998,41.744999,46.16,46.314999,46.424999],"hoverRows":[[{"label":"Open","value":"55.4","className":"is-ohlc","compact":true},{"label":"High","value":"58.3","className":"is-ohlc","compact":true},{"label":"Low","value":"54.5","className":"is-ohlc","compact":true},{"label":"Close","value":"56.0","className":"is-ohlc","compact":true},{"label":"Market 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weeks","context":{"scenario":"negativeRepair","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened 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":"Underlying pressure is repairing","detail":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","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 below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","annotations":[{"label":"Current tape relationship","value":"Underlying pressure is repairing","detail":"Market Dynamics improved this week but remains below zero.","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":"Repairing","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":18,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[{"date":"2026-04-24","price":55.98}]}},"smTape":{"available":true,"dates":["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":[49.4,47.655,47.15,51.61,42.62,43.025,38.93,42.985,45.595,43.295,43.635,44.205,45.555,50.51,54.23,56.64,57.65,52.26,53.47,56.68,56.95,53.83,53.49,49.195,50.21,52.07,53.11,56.56,55.98,55.04,55.06,51.14,50.22,50.84,48.005,46.69,49.09,45.96,46.465,44.775,40.415,42.975,41.745,46.16,46.315,46.425],"consensus":[100.0,-82.99,0.0,35.5423,-79.6806,-42.0981,-70.7336,0.0,30.9596,-41.2913,10.6815,0.0,20.9243,70.3789,76.9171,69.5477,44.9353,-11.3463,19.4063,45.683,23.2037,-12.1652,9.2301,-55.7962,0.0,11.1669,16.5301,52.4849,18.3197,9.8711,0.0,-51.179,-25.6123,-17.5856,-51.4131,-24.8299,-13.2195,-32.572,-13.2069,-37.4465,-53.6751,0.0,-45.4894,33.1138,0.0,-10.9559],"supportDates":["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,-34.8836,-77.8512,0.0,26.2738,-48.784,4.9728,0.0,28.0818,66.0511,73.2187,61.3208,32.3085,-16.4277,18.2352,53.2941,28.1266,-22.5421,10.6087,-50.4499,0.0,19.2798,23.585,49.7843,11.8964,4.6172,0.0,-44.2085,-16.3966,-13.4425,-56.3597,-13.4186,-14.132,-23.5623,-4.1228,-38.9553,-50.6474,0.0,-40.4448,37.0545,0.0,-5.7053],"force":[100.0,-82.99,0.0,35.5423,-57.1264,-19.6493,-50.901,0.0,60.0343,-54.198,29.1752,0.0,30.6416,79.7953,83.8297,71.1353,33.6595,-64.0635,14.1964,44.6759,2.1479,-44.5249,5.0547,-89.4402,0.0,23.3463,20.5168,69.5228,1.638,2.5927,0.0,-87.1152,-22.1662,-4.013,-45.9614,-6.1453,-6.4596,-19.8329,-9.2329,-21.3985,-41.8174,0.0,-38.7353,72.0139,0.0,-14.206],"direction":[null,null,null,null,-95.7908,-66.378,-76.7654,0.0,15.5471,-23.5093,3.996,0.0,5.8034,68.599,76.2063,77.8157,67.4202,-32.1163,24.4661,37.7041,32.6175,-22.8081,10.637,-37.8748,0.0,6.8044,5.6199,43.4013,37.5762,24.7782,0.0,-33.4766,-38.606,-32.0153,-49.6541,-51.2175,-26.2331,-51.9681,-39.6171,-47.1849,-65.6052,0.0,-56.079,0.8244,0.0,-14.6351],"intensity":[null,null,null,null,100.0,60.0,16.6667,14.2857,12.5,11.1111,20.0,36.3636,8.3333,84.6154,35.7143,26.6667,37.5,76.4706,16.6667,31.5789,15.0,23.8095,40.9091,69.5652,8.3333,12.0,3.8462,48.1481,21.4286,13.7931,10.0,67.7419,81.25,21.2121,26.4706,60.0,47.2222,54.0541,2.6316,12.8205,82.5,51.2195,7.1429,79.0698,59.0909,6.6667],"confirmation":[54.6667,49.2235,1.7236,34.0402,69.8001,80.8972,89.9219,38.2086,78.8646,81.4924,26.7354,24.66,52.2162,90.8742,92.8805,90.429,82.2281,34.6781,74.0691,82.4719,52.0418,32.2533,48.1387,86.9616,4.7467,50.6059,50.637,85.3556,50.7851,26.0787,3.5647,85.5787,76.2313,50.6102,84.2107,52.8833,50.328,78.1721,5.6504,79.4708,84.8608,10.8817,82.4276,57.0552,48.2609,49.0183],"persistence":[null,null,0.0,25.0,0.0,16.6667,28.5714,25.0,25.0,25.0,12.5,25.0,0.0,25.0,50.0,62.5,62.5,62.5,62.5,75.0,75.0,50.0,50.0,25.0,12.5,37.5,37.5,37.5,37.5,62.5,50.0,50.0,37.5,12.5,12.5,37.5,62.5,87.5,100.0,100.0,100.0,87.5,87.5,62.5,50.0,25.0],"assessmentRisk":[null,null,null,null,4.5318,18.1648,12.7884,50.6573,14.9021,23.9999,36.7906,17.3071,11.0268,12.864,11.186,15.0876,27.4057,32.1223,22.2127,22.0922,24.9222,31.8978,4.2355,21.4659,45.6085,32.0827,15.251,23.3526,39.6694,35.8807,34.9037,23.4114,36.7256,39.1974,24.1586,36.0247,19.2147,32.7315,25.3282,18.2687,23.1533,41.8714,26.1005,8.0937,45.5942,39.2366],"volumeParticipation":true,"latest":{"consensus":-11.0,"control":-5.7,"force":-14.2,"direction":-14.6,"confirmation":49.0,"persistence":25.0,"assessmentRisk":39.2,"intensity":6.7,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-11.0","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-5.7","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-14.2","detail":"Downward 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}