{"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":"92bd7f5e-6932-4f88-a7a9-30e59cc36cd6","symbol":"MEUR","name":"Ossiam MSCI Europe ETF 1C EUR","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. The completed evidence supports the upward price structure.","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, 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":57,"displayedObservations":57,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":0.6,"averageExpectedMove":0.6,"averageWeeksToLargestMove":5.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":0.2,"medianReturn":0.2,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":0,"expectedPercent":0.0,"averageReturn":7.8,"medianReturn":7.8,"confidenceLow":0.0,"confidenceHigh":79.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough 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aligned","tone":"positive","headline":"Price and Market Dynamics remain aligned upward","use":"The advance retains underlying support while price structure and Market Dynamics remain intact.","confirm":"The advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"distribution","zoneContext":"Price is inside distribution conditions, but Market Dynamics still offers support. Extension can persist; a rollover has not been confirmed.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":100.0,"averageReturn":5.8,"sample":1},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price structure is upward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"strategyApproach":{"headline":"Strategy observations from this ticker's own record","summary":"The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.","observations":[{"eyebrow":"Trend participation","title":"Let confirmation support the position, then manage extension","tone":"positive","approach":"This is most useful for holding or selectively adding to an established upward case. Risk should still tighten as price becomes extended; confirmation is support, not immunity from reversal.","finding":"In this ticker's completed record, 100.0% of comparable cases moved higher after 12 weeks, with an average move of 5.8% across 1 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 0.6% across 1 completed cases, with the largest move arriving after 5.0 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-05-22","price":117.739998}],"reversal_warnings":[{"date":"2026-04-10","price":114.559998}],"reversal_dangers":[{"date":"2026-04-17","price":116.779999}]}},"smTape":{"available":true,"dates":["2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","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":[101.28,98.11,100.76,102.36,103.64,101.64,101.64,102.58,102.52,102.74,105.64,105.82,104.92,106.554,106.0,104.72,106.38,104.42,106.9,107.32,107.16,108.9,109.04,110.38,113.02,113.76,112.64,113.2,114.2,114.4,117.0,117.64,111.32,111.04,106.8,107.14,111.24,114.56,116.78,114.16,114.28,114.78,113.82,117.74,117.84,117.42,119.06,120.12,120.3,123.46,121.32,121.22,121.82,122.7,124.86,124.52,123.96],"consensus":[42.5287,-100.0,94.2859,-59.1347,70.7105,-14.9227,0.0,31.5538,0.0,25.004,74.4979,43.767,21.9113,70.0459,0.0,-17.5606,30.1057,-26.3454,46.7126,38.6249,12.4239,58.327,37.6777,69.3445,80.6905,67.5953,26.5143,47.5722,58.4543,25.0499,80.4413,54.9712,-46.3341,-17.4846,-71.9201,-39.3463,36.1383,57.8357,68.5665,-12.7096,25.3419,18.2656,-21.9477,66.0627,20.2477,11.909,53.1058,27.7083,33.4577,64.765,0.0,37.7012,40.7844,26.0541,69.6077,16.9417,21.1886],"supportDates":["2025-08-29","2025-09-05","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":[-33.135,0.0,36.7172,0.0,21.5083,68.4649,39.1651,9.3013,69.4018,0.0,-21.8322,29.6352,-28.6089,58.6723,41.3552,6.6282,69.3887,39.3143,69.6217,84.4393,67.6659,33.2346,47.8226,55.8427,17.7218,84.0872,58.6948,-49.4624,-8.3966,-65.5072,-40.3165,40.4362,53.49,69.8935,-22.2867,22.7056,16.983,-13.4482,64.5328,9.8483,0.7592,61.9665,19.2011,32.6011,75.8975,0.0,48.0971,43.3711,35.8664,70.0508,4.2439,15.2373],"force":[-45.882,0.0,37.916,0.0,22.9743,91.1787,18.2802,2.2481,73.1909,0.0,-35.5283,17.3262,-39.0745,43.4919,24.013,7.2244,44.5741,15.1783,83.1528,93.6264,65.8091,34.0337,28.1641,68.4427,4.3352,93.7909,32.1669,-63.3654,-7.0807,-97.2393,-8.309,84.7723,88.8463,88.8047,-66.6074,20.7177,18.9682,-54.2828,93.4647,0.7126,9.3133,39.2431,9.0659,9.9101,48.9685,0.0,16.739,31.7343,7.0266,84.2069,17.7706,6.4246],"direction":[-28.0051,0.0,21.1084,0.0,30.4489,69.4778,67.231,53.5796,68.5357,0.0,-0.1552,39.7716,-14.6663,35.345,45.9416,33.0819,55.5085,51.8782,59.1647,67.1663,68.7906,62.0825,61.1489,54.3043,48.2211,66.7391,67.0044,-30.5935,-35.3023,-61.1641,-60.407,3.5123,40.6518,52.594,-36.734,31.6577,19.2295,-8.5648,48.2382,47.1044,41.5458,52.8811,50.7467,51.2563,63.3253,0.0,40.793,44.2925,28.4311,58.6734,56.248,47.7138],"intensity":[20.0,16.6667,28.5714,12.5,11.1111,70.0,63.6364,25.0,46.1538,21.4286,40.0,62.5,64.7059,66.6667,47.3684,20.0,47.619,31.8182,39.1304,75.0,52.0,53.8462,44.4444,39.2857,51.7241,76.6667,45.1613,96.875,84.8485,91.1765,85.7143,88.8889,86.4865,86.8421,64.1026,52.5,56.0976,11.9048,88.3721,90.9091,51.1111,32.6087,25.5319,2.0833,79.5918,50.0,7.8431,15.3846,23.0769,55.7692,28.8462,30.7692],"confirmation":[34.0824,24.8914,78.2124,2.5945,75.9927,92.4396,81.2988,52.2804,90.5204,8.6467,51.4683,77.2515,76.784,82.6676,79.873,27.673,86.0769,79.3462,90.6068,94.1581,89.575,36.4641,82.6278,87.0496,52.8297,94.0925,84.8391,83.2983,50.7498,91.8838,79.6301,59.0635,87.5187,90.5378,36.067,76.0086,73.8859,76.1382,89.9985,51.4843,5.5059,84.4363,76.4281,78.0019,88.0737,31.5404,79.2671,80.7358,52.9412,90.7126,8.348,60.7334],"persistence":[0.0,0.0,12.5,0.0,25.0,25.0,50.0,50.0,75.0,75.0,50.0,62.5,37.5,37.5,37.5,37.5,37.5,50.0,75.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,50.0,25.0,0.0,0.0,0.0,0.0,25.0,0.0,25.0,25.0,50.0,50.0,50.0,50.0,75.0,75.0,75.0,87.5,87.5,87.5,87.5,87.5,87.5,87.5],"assessmentRisk":[53.3208,16.8123,10.0844,28.2909,15.9997,11.5655,25.828,33.5081,13.9666,11.238,25.761,25.386,32.3321,5.0104,28.3479,19.17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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 easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+21.2","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+15.2","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+6.4","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+47.7","detail":"Upward 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trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,102.4051,102.7124,102.9559,103.0866,103.3306,103.4113,103.6697,103.9401,104.1786,104.5283,104.8625,105.2712,105.8452,106.4315,106.8914,107.3587,107.8655,108.3495,108.9903,109.631,109.7561,109.8512,109.6252,109.4411,109.5744,109.9437,110.4501,110.7249,110.9882,111.2691,111.458,111.9234,112.3616,112.7363,113.2048,113.717,114.2046,114.8902,115.3665,115.8001,116.246,116.7241,117.3267,117.8596,118.3115],"stroke":"#07865c","width":1.8},{"label":"Upper 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envelope","values":[null,null,null,null,null,null,null,null,null,98.8512,98.5359,98.4193,98.5392,98.4675,98.5482,98.7234,98.7904,98.9519,98.9865,99.008,99.2348,100.1708,100.5617,100.5769,100.1141,100.1306,100.5631,100.9158,101.3388,101.8903,101.7462,101.7098,102.3423,102.746,102.8712,103.2921,103.7973,104.7907,105.2221,105.8386,106.5805,107.0501,107.5511,107.7192,107.661,107.6324,107.5969,107.4853,107.367,106.9458,106.7859,106.6595,107.0494,107.5482,109.0337,110.8924,111.9764],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","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":"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,0.0,0.0,0.0,0.0,34.4168,0.0,0.0,1424.9928,1208.7534,279.392,97.0518,106.2316,0.0,0.0,0.3155,199.8733,2.152,27.8666,1.8394,27.0707,0.738,19.1871,66.0276,41.2737,3.3984,2.3588,4.1051,90.4368,737.6372,260.4829,716.0546,222.9366,225.1639,161.8849,783.9707,386.2213,591.2139,171.3097,0.0153,8.7421,12.562,6.8236,0.0,0.0,0.0538,62.8166,0.35,101.42,100.5809,17.4252],"stroke":"#1678a7","width":1.8},{"label":"Cumulative 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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,40.6197,40.3243,40.544,40.9559,41.6253,42.5023,40.2886,37.5548,35.7421,34.0588,31.7552,30.5821,29.9724,29.4063,27.9705,27.3295,26.7343,26.679,27.268,27.815,28.5414,29.5577,30.457,31.8961,32.4475,32.7186,33.2279,34.0038,35.0569,36.0514,36.1392],"stroke":"#10243b","width":2.0},{"label":"Positive 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direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,9.5894,9.2485,13.488,11.6759,18.1198,16.6102,15.8496,15.146,14.2351,13.9444,13.1982,11.9368,11.4717,17.3969,16.6716,14.9999,14.0401,12.7429,11.9474,25.3466,27.5561,30.8403,28.4623,25.2122,22.1561,20.5409,19.2228,23.3354,21.0755,19.8074,17.7152,16.4716,16.1701,15.4853,14.8567,14.856,13.5653,16.8223,17.954,17.1249,16.1425,14.914,14.5579,18.3025],"stroke":"#c13f3f","width":1.6}],"guides":[],"dates":["2025-07-25","2025-08-01","2025-08-08","2025-08-15","2025-08-22","2025-08-29","2025-09-05","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":"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,41.1224,40.5703,42.5943,69.2732,70.9291,62.6495,77.6817,72.5851,60.8096,76.0809,58.0496,80.8648,84.7286,83.2567,99.264,98.3798,99.1915,100.0,99.4915,92.3713,95.7672,93.3873,90.2314,100.0,97.7375,58.6207,56.8965,30.5315,30.2177,53.5519,76.2295,91.3934,73.4973,74.3169,77.7322,71.1749,97.8102,82.0512,78.3505,90.4271,96.5268,97.8293,100.0,87.1703,86.5708,90.1679,94.6492,98.2609,95.9956,92.9654],"stroke":"#10243b","width":2.0},{"label":"From 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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,1.9195,1.8577,1.8648,1.9691,2.0913,2.0693,2.0058,1.9519,1.8977,1.7966,1.7412,1.7459,1.6759,1.7581,1.6951,1.7342,1.7174,1.718,1.6922,2.0738,2.1492,2.4655,2.4728,2.4967,2.5617,2.517,2.5547,2.536,2.596,2.5866,2.5961,2.5904,2.459,2.3515,2.2559,2.1236,2.1043,2.1145,1.9922,1.9299,1.8875,1.8642,1.7782,1.7601],"stroke":"#c13f3f","width":1.9},{"label":"Envelope 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