{"schema_version":"1.0","name":"CTCE Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"b4b31d19-ed8c-467e-b5bf-fabb229230b3","symbol":"CTCE","name":"iShares MSCI China Tech UCITS ETF USD Acc","exchange":"LSE","country":"GB","asset_type":"etf","currency":"GBP","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, Activity pressure and cumulative balance, Range pressure and compression, Acceleration, deceleration and rollover, Directional strength and control, Range position and boundary 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":29,"displayedObservations":29,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","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":["2026-08-21"],"values":[-0.024564],"opens":[3.767],"highs":[3.7735],"lows":[3.582],"closes":[3.65425],"hoverRows":[[{"label":"Open","value":"3.77","className":"is-ohlc","compact":true},{"label":"High","value":"3.77","className":"is-ohlc","compact":true},{"label":"Low","value":"3.58","className":"is-ohlc","compact":true},{"label":"Close","value":"3.65","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":[2.53425,4.77425],"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 below zero 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 below zero 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":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[3.856,3.8163,3.8502,3.7535,3.5838,3.7468,3.566,3.5055,3.5025,3.6117,3.7995,3.709,3.701,3.8518,3.869,3.8298,3.9133,3.8715,3.793,3.9552,3.863,3.787,3.8687,3.6195,3.6547,3.674,3.843,3.7005,3.6543],"consensus":[-13.3333,-81.6456,31.4935,-57.1489,-76.1255,0.0,-63.4833,-53.6744,-34.8718,0.0,59.0594,-9.2452,12.9466,57.3925,19.6919,8.1021,51.505,0.0,-15.9561,34.1557,0.0,-28.668,31.203,-49.2519,-23.6948,-18.8562,43.4605,-32.4345,-28.8408],"supportDates":["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,0.0,-62.6731,-46.891,-31.4769,0.0,52.2504,-26.9253,3.9444,51.3266,6.9836,1.8084,42.9849,0.0,-18.2055,28.8627,0.0,-37.1366,20.3222,-53.014,-21.6761,-16.7606,48.5077,-42.7986,-30.3657],"force":[-13.3333,-81.6456,31.4935,-57.1489,-46.9654,0.0,-54.6972,-38.9823,-6.6667,0.0,76.8099,-32.1492,10.956,63.3395,3.9881,27.3244,67.2623,0.0,-26.7892,23.9985,0.0,-33.1799,58.1979,-41.2789,-0.9175,-0.5839,80.7395,-54.2044,-37.1023],"direction":[null,null,null,null,-96.9542,0.0,-70.6851,-71.9212,-58.8983,0.0,54.1623,-27.3206,24.6568,60.0772,45.4326,40.5997,49.9871,0.0,-5.6475,47.4601,0.0,-15.7667,24.356,-50.6473,-43.5822,-34.3029,11.0643,-5.0399,-21.1971],"intensity":[null,null,null,null,100.0,80.0,83.3333,100.0,37.5,55.5556,80.0,45.4545,33.3333,69.2308,64.2857,53.3333,37.5,17.6471,55.5556,73.6842,75.0,23.8095,27.2727,100.0,62.5,20.0,65.3846,51.8519,39.2857],"confirmation":[26.9333,48.7932,32.7446,40.9543,68.3605,32.2142,88.0592,84.8314,55.6845,32.6785,87.5437,31.8822,49.5528,86.6393,28.6831,7.4381,85.0917,28.9986,50.7352,78.7009,25.3764,77.1822,78.9735,83.4603,52.3921,50.8424,82.9666,56.2179,55.0],"persistence":[null,null,33.3333,50.0,60.0,50.0,57.1429,62.5,62.5,50.0,50.0,50.0,25.0,12.5,12.5,37.5,62.5,62.5,37.5,62.5,50.0,25.0,25.0,0.0,25.0,37.5,12.5,37.5,50.0],"assessmentRisk":[null,null,null,null,11.8683,30.974,17.3961,22.0289,15.021,42.2892,18.2914,51.4063,40.5029,19.6029,16.6429,34.5069,21.6912,9.2904,23.9852,26.563,27.9867,20.1513,16.8034,25.1627,36.1256,29.6721,33.2608,46.4314,14.2047],"volumeParticipation":true,"latest":{"consensus":-28.8,"control":-30.4,"force":-37.1,"direction":-21.2,"confirmation":55.0,"persistence":50.0,"assessmentRisk":14.2,"intensity":39.3,"evidenceDepth":100},"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 downward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-28.8","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-30.4","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-37.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-21.2","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"42.3","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"4.1%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"19.1","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"32%","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 downward.","series":[{"label":"Close","values":[3.856,3.8163,3.8502,3.7535,3.5838,3.7468,3.566,3.5055,3.5025,3.6117,3.7995,3.709,3.701,3.8518,3.869,3.8298,3.9133,3.8715,3.793,3.9552,3.863,3.787,3.8687,3.6195,3.6547,3.674,3.843,3.7005,3.6543],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,3.7866,3.7793,3.7406,3.6978,3.6623,3.6531,3.6797,3.6851,3.688,3.7177,3.7452,3.7606,3.7884,3.8035,3.8016,3.8295,3.8356,3.8268,3.8344,3.7953,3.7698,3.7524,3.7688,3.7564,3.7378],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,3.7452,3.7531,3.7616,3.7667,3.7775,3.7845,3.7851,3.7977,3.8026,3.8014,3.8064,3.7926,3.7823,3.7743,3.7794,3.7736,3.7647],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,3.9455,3.9533,3.9439,3.9347,3.9513,3.9677,3.9731,3.993,4.0012,3.998,4.0188,4.0197,4.0171,4.0195,4.0193,4.0159,4.0144,4.0177,4.0014,3.9815],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,3.413,3.427,3.4396,3.4501,3.4563,3.4619,3.4709,3.4736,3.4807,3.4894,3.4898,3.4896,3.4892,3.4886,3.4755,3.4859,3.4802,3.5045,3.5404,3.5755],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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,51.2251,30.2216,19.644,29.2619,20.5502,12.0867,26.9136,390.0577,545.479,154.8457,1.9755,1.126,5.8689,3.304,0.2263,231.1712,3.2572,36.8037,38.1196,47.0821,20.4476,38.8839],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,65.0,65.0,65.8498,67.032,66.2577,65.8334,66.728,83.0816,65.0,71.7682,71.6866,71.6425,71.8615,71.7427,71.7347,80.9448,80.8176,82.0346,83.308,84.7413,84.1316,82.9691],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical activity","values":[100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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":"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 pressure","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,3.5445,3.6777,3.7177,3.566,3.4522,3.4405,3.4077,3.5757,3.5313,3.3999,3.9038,3.978,3.9214,3.7953,3.9687,4.1062],"stroke":"#c13f3f","width":1.9},{"label":"Envelope width","values":[null,null,null,null,null,null,null,null,null,14.4743,14.2612,13.6599,13.1242,13.3638,13.6155,13.4931,13.9128,13.9113,13.5873,14.0901,14.1184,14.0676,14.143,14.5102,14.1301,14.2569,13.6451,12.2254,10.7459],"stroke":"#b87806","width":1.7}],"guides":[],"dates":["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":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,-0.0496,-0.0335,-0.0191,-0.0107,0.0026,0.0097,0.0089,0.0211,0.0231,0.0183,0.0208,0.0027,-0.0087,-0.016,-0.0081,-0.0131,-0.0206],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.0274,-0.02,-0.0142,-0.0071,-0.0011,0.0028,0.0064,0.0056,0.0028,-0.001,-0.0024,-0.0045,-0.0078],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.03,0.0297,0.0231,0.0282,0.0242,0.0155,0.0144,-0.0029,-0.0115,-0.015,-0.0057,-0.0086,-0.0129],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["2026-02-06","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":"directional","eyebrow":"Trend 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,20.9567,20.3567,19.0578],"stroke":"#10243b","width":2.0},{"label":"Positive direction","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,23.4019,29.3585,27.2449,26.8357,26.0182,24.7436,31.2548,28.319,27.1618,29.7968,25.7563,31.5475,29.5611,31.767,29.2949,26.6244],"stroke":"#07865c","width":1.6},{"label":"Negative 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