{"schema_version":"1.0","name":"PBOT Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"9eeaebe3-a691-490a-a154-e9e669bc1891","symbol":"PBOT","name":"PICTET AI & AUTOMATION ETF","exchange":"NYSEARCA","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics 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, Range pressure and compression, Range position and boundary pressure, Directional strength and control, 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. Price has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Rollover warning","headline":"Price has moved below distribution as Market Dynamics weakened","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the warning.","tone":"negative","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":[0.586017,0.919814,1.139327,1.261089,1.341252,1.295402,1.258167,1.227529,1.133449,1.124397,1.131704,0.994482,0.796825,0.539182,0.298778,0.204461,0.154607],"opens":[27.2635,27.4771,29.2226,29.7447,32.0,33.7677,31.69,32.91,33.23,33.0159,33.07,32.2,31.9795,30.42,31.45,33.465,34.0819],"highs":[27.42,29.2382,29.8492,30.75,32.5047,33.9279,32.1585,33.04,33.23,33.9204,33.07,32.995,32.0573,31.3143,33.265,34.69,34.0819],"lows":[26.7146,27.4771,28.705,29.4849,30.6653,31.1727,30.28,32.02,31.385,32.2932,31.9801,31.57,30.6945,29.6,31.435,33.465,32.4257],"closes":[27.3824,29.2382,29.517,30.6847,32.5047,31.1727,32.1585,33.04,31.9584,32.2932,32.74,31.57,30.6945,31.3143,33.265,34.13,32.7618],"hoverRows":[[{"label":"Open","value":"27.3","className":"is-ohlc","compact":true},{"label":"High","value":"27.4","className":"is-ohlc","compact":true},{"label":"Low","value":"26.7","className":"is-ohlc","compact":true},{"label":"Close","value":"27.4","className":"is-ohlc","compact":true},{"label":"Market 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easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"30.4","className":"is-ohlc","compact":true},{"label":"High","value":"31.3","className":"is-ohlc","compact":true},{"label":"Low","value":"29.6","className":"is-ohlc","compact":true},{"label":"Close","value":"31.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.54","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"31.4","className":"is-ohlc","compact":true},{"label":"High","value":"33.3","className":"is-ohlc","compact":true},{"label":"Low","value":"31.4","className":"is-ohlc","compact":true},{"label":"Close","value":"33.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.30","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"33.5","className":"is-ohlc","compact":true},{"label":"High","value":"34.7","className":"is-ohlc","compact":true},{"label":"Low","value":"33.5","className":"is-ohlc","compact":true},{"label":"Close","value":"34.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.20","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"34.1","className":"is-ohlc","compact":true},{"label":"High","value":"34.1","className":"is-ohlc","compact":true},{"label":"Low","value":"32.4","className":"is-ohlc","compact":true},{"label":"Close","value":"32.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.15","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":[26.977544,34.534856],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.154607,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","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 is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Distribution rollover","detail":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","tone":"negative"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","annotations":[{"label":"Current tape relationship","value":"Distribution rollover","detail":"Market Dynamics eased this week but remains positive.","tone":"negative"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"8 May 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Lagging price","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":17,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-05-08","price":29.2382}],"reversal_warnings":[{"date":"2026-05-29","price":32.5047},{"date":"2026-07-31","price":31.3143},{"date":"2026-08-07","price":33.265}],"reversal_dangers":[{"date":"2026-06-05","price":31.1727},{"date":"2026-08-14","price":34.13}]}},"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":[24.8622,25.7498,26.2198,25.1925,24.9154,23.6478,24.7067,25.5249,25.1069,25.0598,25.5184,25.3286,26.2361,26.1049,26.0265,25.6511,24.7467,25.0789,24.9796,24.8813,24.4078,24.3335,23.9342,22.7088,23.8008,24.5025,26.3681,27.1942,27.3824,29.2382,29.517,30.6847,32.5047,31.1727,32.1585,33.04,31.9584,32.2932,32.74,31.57,30.6945,31.3143,33.265,34.13,32.7618],"consensus":[-62.6121,95.1993,17.5685,-58.0,-26.5536,-71.8377,0.0,57.7057,-18.4612,20.0841,51.1087,0.0,69.1845,30.7079,37.6569,-9.9551,-50.9737,-12.0428,-26.481,-22.6904,-51.3952,-42.4155,-55.4909,-67.4915,14.1145,17.2818,65.7302,66.8046,52.9884,78.3625,55.917,77.8675,85.3807,0.0,75.5716,74.3317,0.0,24.1928,44.8784,-24.9051,-36.6849,23.8785,65.7079,51.9202,0.2827],"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,-75.0107,0.0,57.6043,-27.4252,11.4169,51.106,0.0,61.4291,21.8992,36.3667,-22.4113,-37.5372,-3.8448,-23.5867,-15.1336,-59.7925,-45.0652,-55.1574,-70.1984,23.1936,22.8372,76.8529,78.3731,58.0162,89.7051,54.5508,83.2322,86.0384,0.0,73.3659,72.3505,0.0,9.7946,43.0746,-18.4935,-31.994,34.4205,72.1251,51.2601,15.8266],"force":[-62.6121,95.1993,17.5685,-58.0,-34.1495,-57.3868,0.0,72.0652,-52.6799,20.1016,50.0255,0.0,80.551,0.9845,22.2066,-33.9317,-81.9765,-1.6689,-19.3892,-18.5077,-53.84,-32.2099,-57.4009,-65.3565,76.4515,31.0981,63.0979,54.2828,28.5343,68.0022,33.2044,70.3996,90.562,0.0,83.1028,78.4846,0.0,0.7897,38.4859,-83.7705,-78.1164,39.1573,88.8361,45.5191,30.3903],"direction":[null,null,null,null,-21.128,-78.5333,0.0,47.5647,-16.2253,29.9768,51.8855,0.0,69.9287,63.4125,50.1672,-21.4068,-44.1849,-31.2059,-34.8543,-34.3144,-40.0521,-46.6769,-54.5079,-65.9229,40.7879,1.0639,54.8986,62.5277,64.7097,72.7997,73.7016,77.0707,80.9281,0.0,72.7131,73.6297,0.0,57.3644,51.5058,-9.8141,-12.4519,0.9173,41.8539,57.2468,40.6026],"intensity":[null,null,null,null,25.0,100.0,83.3333,28.5714,12.5,33.3333,60.0,9.0909,66.6667,7.6923,21.4286,40.0,100.0,88.2353,5.5556,31.5789,30.0,4.7619,36.3636,86.9565,83.3333,96.0,96.1538,81.4815,21.4286,93.1034,76.6667,70.9677,90.625,87.8788,88.2353,85.7143,58.3333,45.9459,39.4737,66.6667,47.5,63.4146,100.0,100.0,77.2727],"confirmation":[42.7025,53.1304,28.2886,41.2267,54.1777,90.4993,33.9351,86.905,32.9419,74.5595,84.3218,26.9204,90.6036,54.5383,79.599,30.96,85.4612,26.5834,76.3019,75.2486,84.393,81.2215,85.8204,89.491,37.6462,51.1999,88.7839,88.8196,84.1344,92.5874,85.2221,92.6083,95.4697,40.0155,92.4461,91.9429,12.336,52.5812,82.1937,34.6217,81.0733,53.2795,89.6336,84.4294,39.9274],"persistence":[null,null,33.3333,0.0,20.0,33.3333,28.5714,12.5,12.5,12.5,12.5,0.0,25.0,50.0,62.5,37.5,37.5,12.5,12.5,25.0,50.0,75.0,100.0,100.0,75.0,50.0,25.0,0.0,25.0,50.0,75.0,100.0,100.0,87.5,87.5,87.5,75.0,75.0,75.0,50.0,25.0,37.5,37.5,37.5,37.5],"assessmentRisk":[null,null,null,null,16.9103,13.45,50.1898,10.9001,20.3731,37.1525,13.6949,9.9403,10.8377,29.5045,12.8383,27.2119,23.4179,39.624,34.5127,34.7049,6.7881,25.8412,21.4326,16.2373,45.0289,5.4033,16.9219,16.5959,23.4916,10.8169,21.9708,11.029,7.3078,47.8577,11.627,11.9855,22.4297,28.9432,4.4394,32.4146,23.3344,48.3718,10.0858,23.1805,47.258],"volumeParticipation":true,"latest":{"consensus":0.3,"control":15.8,"force":30.4,"direction":40.6,"confirmation":39.9,"persistence":37.5,"assessmentRisk":47.3,"intensity":77.3,"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 easing","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Present","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+0.3","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+15.8","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+30.4","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+40.6","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"40/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"63.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"4.3%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"30.7","detail":"Directional","tone":"positive"},{"label":"Range position","value":"84%","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."}