{"schema_version":"1.0","name":"IRFT Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"be6e34df-4d7d-430f-91ff-8debc41e6e88","symbol":"IRFT","name":"First Trust RBA American Industrial Renaissance UCITS ETF Class A Acc","exchange":"GER","country":"DE","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","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, Strength versus the research benchmark, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, Range pressure and compression, Directional strength and control."},{"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":"2026-08-14","observations":59,"displayedObservations":59,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Underlying support lags price","headline":"Market Dynamics is weaker than the current price position","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the 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price","tone":"caution","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"This is a downside risk watch, not a completed reversal. 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The gap is a downside-risk warning until support catches up or price resets."}},"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":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"The current relationship is visible, but this ticker does not yet have a completed comparable outcome.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 2 cases. Distinct visits lasted 2.5 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-02-06","price":24.315001},{"date":"2026-04-03","price":23.875}],"reversal_warnings":[{"date":"2026-05-08","price":26.73}],"reversal_dangers":[{"date":"2026-05-22","price":26.155001}]}},"smTape":{"available":true,"dates":["2025-07-04","2025-07-11","2025-07-18","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"],"close":[20.532,17.74,17.826,18.188,18.406,18.628,18.744,18.858,19.11,18.838,19.29,19.734,19.828,20.31,20.595,19.81,20.27,21.015,20.02,19.894,19.572,20.9,20.665,20.74,20.785,20.985,20.93,22.645,24.015,23.395,22.54,24.315,24.525,25.035,24.235,23.875,23.005,22.785,23.285,23.875,25.14,25.505,25.875,26.135,26.73,26.78,26.155,26.825,27.55,27.28,27.825,28.01,26.94,26.315,25.66,26.255,24.83,25.89,26.065],"consensus":[98.9889,-89.0934,67.7596,100.0,-69.1208,10.3959,0.0,0.0,9.103,-37.5944,42.7723,60.6942,39.4537,71.6869,61.5452,-28.0523,44.6479,48.0772,-39.2172,-12.3509,-34.0483,53.9487,18.595,18.9873,25.2945,25.0458,25.8464,80.1078,84.6762,20.07,0.0,79.9437,44.2776,69.3016,0.0,-10.3195,-29.9493,-34.354,18.8213,40.021,70.07,62.6375,53.7266,56.4897,52.9061,35.7643,0.0,47.043,48.2635,36.9906,58.143,30.41,0.0,-31.1726,-44.5409,0.0,-53.8106,18.1332,-3.5597],"supportDates":["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"],"control":[0.0,4.7795,-41.7167,29.5202,47.4635,28.7194,71.8233,47.2199,-32.1791,33.9611,34.1945,-36.4309,-16.0137,-25.9383,58.9074,14.7655,9.19,18.8039,29.2136,30.8024,81.9478,88.0163,9.6111,0.0,80.1913,40.9963,67.0147,0.0,-9.1225,-16.9025,-28.0074,22.8567,39.7751,68.9585,65.6075,48.5373,57.6672,44.4435,32.4078,0.0,43.0139,56.4658,46.7783,58.0011,25.0591,0.0,-34.9807,-40.0854,0.0,-45.4023,25.6473,-3.6544],"force":[0.0,16.9415,-66.1784,76.1133,83.4843,30.3761,71.0606,67.5111,-83.4335,63.4294,55.9085,-93.5143,-30.3119,-58.6904,80.6746,3.3946,4.27,12.4936,11.8746,11.4065,98.4825,97.6427,29.479,0.0,97.8256,30.8422,74.7384,0.0,-56.2425,-66.205,-51.8031,51.8391,69.9018,94.5496,66.21,55.8632,51.9596,57.5691,12.3406,0.0,55.6135,30.4068,12.5633,61.1088,6.2382,0.0,-36.1148,-49.93,0.0,-64.5331,60.3325,-10.0639],"direction":[0.0,19.3699,-12.466,34.1025,59.5365,58.2055,71.9782,73.6557,-16.2219,43.4459,58.3494,-3.618,-4.6644,-25.7154,29.1918,38.6786,40.6966,41.8558,29.6908,30.4968,64.8802,71.5972,67.4151,0.0,66.8878,57.6243,68.0318,0.0,-21.1148,-18.963,-29.1436,9.3747,18.9586,53.8549,56.6914,58.131,58.3799,59.2471,56.3314,0.0,45.5257,51.6442,43.2528,56.1867,53.7908,0.0,-23.2902,-45.7836,0.0,-55.7611,20.5966,-1.1944],"intensity":[42.8571,62.5,11.1111,50.0,45.4545,41.6667,61.5385,78.5714,80.0,50.0,82.3529,83.3333,68.4211,75.0,90.4762,59.0909,43.4783,20.8333,52.0,7.6923,92.5926,89.2857,72.4138,76.6667,93.5484,87.5,36.3636,61.7647,11.4286,80.5556,2.7027,36.8421,48.7179,80.0,78.0488,66.6667,4.6512,81.8182,2.2222,71.7391,74.4681,70.8333,12.2449,54.0,47.0588,90.3846,48.0769,76.9231,42.3077,100.0,78.8462,76.9231],"confirmation":[26.2075,49.7164,80.8385,82.9052,88.3183,80.5121,90.9186,88.0946,36.729,83.0226,83.8349,59.5801,50.7723,79.77,86.0025,51.3961,51.11,75.803,75.5498,75.7553,94.1665,95.4407,34.0272,37.3751,94.1232,81.8094,90.3771,37.4607,31.8912,78.8875,79.6218,31.6342,81.7211,91.1854,88.1076,85.3367,85.9207,85.201,78.7819,8.8409,83.3763,82.7751,78.9434,86.6983,54.4094,26.1595,78.0678,82.4852,28.7165,85.6743,34.0348,24.2573],"persistence":[25.0,25.0,25.0,25.0,25.0,50.0,50.0,62.5,50.0,50.0,75.0,50.0,25.0,0.0,0.0,0.0,25.0,25.0,25.0,50.0,75.0,100.0,100.0,87.5,87.5,87.5,87.5,75.0,50.0,25.0,0.0,12.5,12.5,12.5,12.5,25.0,50.0,75.0,100.0,87.5,87.5,87.5,87.5,87.5,87.5,75.0,50.0,37.5,25.0,0.0,0.0,12.5],"assessmentRisk":[25.5106,25.979,29.8369,5.5136,7.6126,14.8252,11.422,19.2272,25.29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Dynamics 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":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-3.6","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-3.7","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-10.1","detail":"Commitment is 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