{"schema_version":"1.0","name":"MGMX Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"b14fe0cb-cee1-4f38-b3e3-1822f6a83086","symbol":"MGMX","name":"M&G Global Maxima Equity UCITS ETF USD Acc","exchange":"MIL","country":"IT","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, Completed returns and cumulative progression, Range expansion and closing direction, Range position and boundary pressure, 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":14,"displayedObservations":14,"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":["2026-05-22","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],"opens":[9.613,9.65,9.759,9.783,9.783,9.783,10.108,10.126,10.124,10.124,10.092,10.008,10.008,10.008],"highs":[9.665,9.798,9.759,9.783,9.783,9.783,10.108,10.128,10.124,10.124,10.092,10.008,10.008,10.56],"lows":[9.613,9.65,9.759,9.783,9.783,9.783,10.106,10.1,10.124,10.124,10.008,10.008,10.008,10.008],"closes":[9.65,9.759,9.759,9.783,9.783,9.783,10.108,10.1,10.124,10.124,10.008,10.008,10.008,10.5],"hoverRows":[[{"label":"Open","value":"9.61","className":"is-ohlc","compact":true},{"label":"High","value":"9.66","className":"is-ohlc","compact":true},{"label":"Low","value":"9.61","className":"is-ohlc","compact":true},{"label":"Close","value":"9.65","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"9.65","className":"is-ohlc","compact":true},{"label":"High","value":"9.80","className":"is-ohlc","compact":true},{"label":"Low","value":"9.65","className":"is-ohlc","compact":true},{"label":"Close","value":"9.76","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"9.76","className":"is-ohlc","compact":true},{"label":"High","value":"9.76","className":"is-ohlc","compact":true},{"label":"Low","value":"9.76","className":"is-ohlc","compact":true},{"label":"Close","value":"9.76","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":"9.78","className":"is-ohlc","compact":true},{"label":"High","value":"9.78","className":"is-ohlc","compact":true},{"label":"Low","value":"9.78","className":"is-ohlc","compact":true},{"label":"Close","value":"9.78","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":"9.78","className":"is-ohlc","compact":true},{"label":"High","value":"9.78","className":"is-ohlc","compact":true},{"label":"Low","value":"9.78","className":"is-ohlc","compact":true},{"label":"Close","value":"9.78","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":"9.78","className":"is-ohlc","compact":true},{"label":"High","value":"9.78","className":"is-ohlc","compact":true},{"label":"Low","value":"9.78","className":"is-ohlc","compact":true},{"label":"Close","value":"9.78","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":"10.1","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":"10.1","className":"is-ohlc","compact":true},{"label":"High","value":"10.1","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":"10.1","className":"is-ohlc","compact":true},{"label":"High","value":"10.1","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":"10.1","className":"is-ohlc","compact":true},{"label":"High","value":"10.1","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":"10.1","className":"is-ohlc","compact":true},{"label":"High","value":"10.1","className":"is-ohlc","compact":true},{"label":"Low","value":"10.0","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}],[{"label":"Open","value":"10.0","className":"is-ohlc","compact":true},{"label":"High","value":"10.0","className":"is-ohlc","compact":true},{"label":"Low","value":"10.0","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}],[{"label":"Open","value":"10.0","className":"is-ohlc","compact":true},{"label":"High","value":"10.0","className":"is-ohlc","compact":true},{"label":"Low","value":"10.0","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}],[{"label":"Open","value":"10.0","className":"is-ohlc","compact":true},{"label":"High","value":"10.6","className":"is-ohlc","compact":true},{"label":"Low","value":"10.0","className":"is-ohlc","compact":true},{"label":"Close","value":"10.5","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":[9.599,10.551],"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":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","tone":"neutral"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","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":"Upper positioning zone","detail":"Price is in the area labelled as the distribution zone on the chart. With limited Market Dynamics history, the label describes location and extension only.","tone":"caution"},{"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":14,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-22","price":9.65}],"reversal_dangers":[{"date":"2026-05-29","price":9.759}]}},"smTape":{"available":true,"dates":["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":[9.65,9.759,9.759,9.783,9.783,9.783,10.108,10.1,10.124,10.124,10.008,10.008,10.008,10.5],"consensus":[42.3077,47.2973,0.0,0.0,62.6662,34.0932,83.9106,29.9511,54.1068,48.0324,-15.3584,16.0369,14.5075,75.339],"supportDates":["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,30.181,83.7105,9.3377,47.0647,38.1747,-21.6337,29.9386,28.9424,74.2468],"force":[42.3077,47.2973,0.0,0.0,17.8476,8.7444,75.9956,17.9841,18.8382,10.4399,-54.8055,9.7049,10.2095,55.4735],"direction":[null,null,null,null,94.6796,56.6705,89.7929,87.7488,87.3467,86.15,-19.99,18.5363,15.6654,90.777],"intensity":[null,null,null,null,25.0,40.0,100.0,42.8571,62.5,33.3333,80.0,63.6364,33.3333,100.0],"confirmation":[36.2051,37.8018,0.0,0.0,63.3377,78.1969,94.6132,34.9409,84.3466,82.3749,32.9525,28.8725,28.5139,55.0],"persistence":[null,null,66.6667,50.0,60.0,66.6667,71.4286,75.0,75.0,75.0,62.5,75.0,75.0,75.0],"assessmentRisk":[null,null,null,null,18.4031,8.6568,7.7796,34.6618,22.7819,25.8586,28.5043,43.312,48.1882,11.5167],"volumeParticipation":true,"latest":{"consensus":75.3,"control":74.2,"force":55.5,"direction":90.8,"confirmation":55.0,"persistence":75.0,"assessmentRisk":11.5,"intensity":100.0,"evidenceDepth":54},"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":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+75.3","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+74.2","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+55.5","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+90.8","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"-","detail":"Developing","tone":"neutral"},{"label":"Risk pressure","value":"0.8%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"94%","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":[9.65,9.759,9.759,9.783,9.783,9.783,10.108,10.1,10.124,10.124,10.008,10.008,10.008,10.5],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,9.7181,9.7299,9.7986,9.8534,9.9026,9.9429,9.9547,9.9644,9.9723,10.0683],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,9.8448,9.8933],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,10.2589,10.258,10.256,10.2534,10.3998],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,9.5357,9.5568,9.5755,9.5923,9.5284],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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 return","values":[null,1.1295,0.0,0.2459,0.0,0.0,3.3221,-0.0791,0.2376,0.0,-1.1458,0.0,0.0,4.9161],"stroke":"#176fa3","width":1.7},{"label":"Cumulative progression","values":[0.0,1.1295,1.1295,1.3782,1.3782,1.3782,4.7461,4.6632,4.9119,4.9119,3.7098,3.7098,3.7098,8.8083],"stroke":"#07865c","width":2.0}],"guides":[{"label":"Starting level","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"bar_range","eyebrow":"Completed-bar anatomy","title":"Range expansion and closing direction","description":"The completed range and open-to-close direction expose expansion, compression and control.","reason":"Selected because these measures use every completed bar and do not require a long history.","series":[{"label":"Completed range","values":[0.5389,1.5165,0.0,0.0,0.0,0.0,0.0198,0.2772,0.0,0.0,0.8393,0.0,0.0,5.2571],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[0.3849,1.1295,0.0,0.0,0.0,0.0,0.0,-0.2568,0.0,0.0,-0.8323,0.0,0.0,4.9161],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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,94.5631,99.2233,99.2233,76.699,76.699,76.699,93.6642],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-0.2765,-0.0395,-0.0395,-1.1848,-1.1848,-1.1848,-0.5682],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,5.0661,5.3157,5.3157,4.109,4.109,4.109,9.2271],"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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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 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tape.","series":[{"label":"Drawdown","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,-0.0791,0.0,0.0,-1.1458,-1.1458,-1.1458,0.0],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,4.6632,4.9119,4.9119,3.7098,3.7098,3.7098,8.8083],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/b14fe0cb-cee1-4f38-b3e3-1822f6a83086/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/b14fe0cb-cee1-4f38-b3e3-1822f6a83086/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/b14fe0cb-cee1-4f38-b3e3-1822f6a83086/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/b14fe0cb-cee1-4f38-b3e3-1822f6a83086/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/b14fe0cb-cee1-4f38-b3e3-1822f6a83086/technical-pack/data.json"},"source_fingerprint":"04c16b5919bb40eaeef961a4d09ebd06feb7568d48004fb5dd5a0709edae23c0","content_hash":"4477793c7f541dc62cc3db8cc0603837ee9c2776902e67e387a2c2f13c54b997","citation":"Sharemaestro, MGMX Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/b14fe0cb-cee1-4f38-b3e3-1822f6a83086/technical-pack/","data_notes":{"time_series":"Parallel time-series arrays align by index with their dates array.","events":"Sparse chart markers are published as compact dated event records rather than null-filled arrays.","missing_values":"A remaining null in an aligned series means that observation is genuinely unavailable; zero remains a valid value."},"boundary":"Completed market observations and published proprietary outputs only. Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}