{"schema_version":"1.0","name":"ADIY Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"9cd255a5-0a79-4f20-b7f2-862a9b89034a","symbol":"ADIY","name":"IncomeShares Analog Devices (ADI) Options ETP","exchange":"LSE","country":"GB","asset_type":"etf","currency":"USD","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, Completed returns and cumulative progression, Range expansion and closing direction, Activity pressure and cumulative balance, Range pressure and compression, Drawdown and recovery pressure."},{"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":21,"displayedObservations":21,"assetType":"ETF","state":"Rotational","stateTone":"caution","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":["2026-04-03","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"],"values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"opens":[9.208035,9.445963,10.241172,10.4669,10.441494,10.740436,10.818067,10.774684,11.345,10.676983,10.547652,10.916484,10.150079,10.17,10.335,10.025,10.0775,10.235,9.42,10.06,10.285],"highs":[9.445964,9.988623,10.656029,10.919883,10.472333,10.786101,11.21992,10.774684,11.54,10.676983,10.547652,11.12485,10.150079,10.17,10.375,10.025,10.23,10.235,10.0925,10.195,10.285],"lows":[9.044337,9.445963,10.241172,10.333534,10.216803,10.42078,10.72217,10.002944,11.345,10.423111,10.547652,10.916484,10.150079,10.06,10.335,9.905,9.91,9.6225,9.3275,10.05,9.82],"closes":[9.333292,9.892048,10.786275,10.742828,10.40845,10.760985,10.74957,10.219852,11.315,10.423111,10.547652,11.12485,10.150079,10.06,10.375,9.905,9.91,9.87625,10.0925,10.05,10.015],"hoverRows":[[{"label":"Open","value":"9.21","className":"is-ohlc","compact":true},{"label":"High","value":"9.45","className":"is-ohlc","compact":true},{"label":"Low","value":"9.04","className":"is-ohlc","compact":true},{"label":"Close","value":"9.33","className":"is-ohlc","compact":true},{"label":"Market 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Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"10.2","className":"is-ohlc","compact":true},{"label":"High","value":"10.2","className":"is-ohlc","compact":true},{"label":"Low","value":"9.62","className":"is-ohlc","compact":true},{"label":"Close","value":"9.88","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}],[{"label":"Open","value":"9.42","className":"is-ohlc","compact":true},{"label":"High","value":"10.1","className":"is-ohlc","compact":true},{"label":"Low","value":"9.33","className":"is-ohlc","compact":true},{"label":"Close","value":"10.1","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}],[{"label":"Open","value":"10.1","className":"is-ohlc","compact":true},{"label":"High","value":"10.2","className":"is-ohlc","compact":true},{"label":"Low","value":"10.1","className":"is-ohlc","compact":true},{"label":"Close","value":"10.1","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}],[{"label":"Open","value":"10.3","className":"is-ohlc","compact":true},{"label":"High","value":"10.3","className":"is-ohlc","compact":true},{"label":"Low","value":"9.82","className":"is-ohlc","compact":true},{"label":"Close","value":"10.0","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":[9.21439,11.433902],"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":[{"date":"2026-04-17","price":10.786275},{"date":"2026-06-19","price":11.12485}],"reversal_dangers":[{"date":"2026-04-24","price":10.742828},{"date":"2026-06-26","price":10.150079}]}},"smTape":{"available":true,"dates":["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":[9.3333,9.892,10.7863,10.7428,10.4085,10.761,10.7496,10.2199,11.315,10.4231,10.5477,11.1249,10.1501,10.06,10.375,9.905,9.91,9.8763,10.0925,10.05,10.015],"consensus":[43.8922,64.4068,100.0,22.9724,52.5194,59.1519,14.7043,-27.119,53.6568,-29.0886,10.1468,71.2481,-39.3907,-36.9958,17.6516,-64.0472,-31.3892,-24.9799,17.5268,-15.8338,-12.8514],"supportDates":["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,62.9072,9.287,-26.9132,32.0191,-35.1136,17.0125,69.9472,-34.5402,-42.1483,34.4903,-59.2455,-36.1998,-24.6615,24.2489,-26.6582,-15.7124],"force":[43.8922,64.4068,100.0,22.9724,1.3493,34.9784,13.7818,-49.2414,60.6594,-53.1289,3.2088,81.0742,-38.6396,-25.6677,25.8129,-82.9472,-19.6662,-16.2353,59.5317,-11.514,-14.0215],"direction":[null,null,null,null,89.0695,72.1269,41.2427,-11.5525,73.3838,-5.0312,7.2558,65.7162,-45.4706,-39.1986,7.4221,-56.0348,-34.2649,-31.5899,20.1592,-6.5486,-8.7458],"intensity":[null,null,null,null,50.0,40.0,50.0,85.7143,100.0,88.8889,10.0,63.6364,91.6667,7.6923,28.5714,53.3333,18.75,29.4118,33.3333,78.9474,20.0],"confirmation":[36.7122,43.2768,54.6667,30.0178,37.1337,86.1347,29.5266,77.3554,85.7133,55.2825,25.5976,91.1187,80.656,79.4149,52.5574,89.1443,77.614,75.7319,33.7536,50.1036,55.0],"persistence":[null,null,100.0,100.0,100.0,100.0,100.0,75.0,75.0,50.0,50.0,50.0,25.0,0.0,0.0,0.0,25.0,25.0,25.0,50.0,50.0],"assessmentRisk":[null,null,null,null,22.579,18.6316,11.801,26.8699,19.7923,10.1926,21.5198,10.1807,27.7904,8.0667,22.7989,16.7077,4.4988,3.481,32.4435,20.8297,16.1804],"volumeParticipation":true,"latest":{"consensus":-12.9,"control":-15.7,"force":-14.0,"direction":-8.7,"confirmation":55.0,"persistence":50.0,"assessmentRisk":16.2,"intensity":20.0,"evidenceDepth":81},"analysis":{"status":"Completed tape 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":"Completed tape","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Follow-through is limited","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-12.9","detail":"Completed tape has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-15.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-14.0","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-8.7","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"66.6","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"5.0%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"39%","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 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envelope","values":[null,null,null,null,null,null,null,null,null,9.4152,9.4705,9.5016,9.4928,9.4723,9.4989,9.4568,9.4247,9.3938,9.3975,9.3974,9.5359],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period 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