{"schema_version":"1.0","name":"XASB Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"c002f994-d85c-4cff-9593-6d5088538241","symbol":"XASB","name":"Xtrackers II Salam USD Global Aggregate Sukuk UCITS ETF","exchange":"GER","country":"DE","asset_type":"etf","currency":"EUR","sector":null,"industry":null},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","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 position and boundary pressure, Range pressure and compression, Directional strength and control, 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":45,"displayedObservations":45,"assetType":"ETF","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price structure remains downward.","take":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","tone":"caution","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":[0.335967,0.487791,0.754948,1.016435,1.476939,2.322435,2.847626,3.504301,4.00538,4.077091,4.157237,3.966873,3.791523,3.22165,2.542473,1.799213,0.967325],"opens":[23.098941,23.046629,23.067356,23.15323,23.190001,23.379999,23.559,23.431999,23.811001,23.781,23.919001,23.709,23.746,23.674999,23.469999,23.587,23.533001],"highs":[23.180867,23.122632,23.219362,23.266001,23.421,23.492001,23.559,23.799999,24.056999,24.122,23.971001,23.763,23.937,23.917,23.622999,23.745001,23.667],"lows":[23.022939,23.025898,22.983456,23.108812,23.190001,23.296,23.309,23.431999,23.781,23.763,23.693001,23.709,23.707001,23.42,23.466,23.395,22.969],"closes":[23.049587,23.032808,23.2164,23.261999,23.289,23.459999,23.468,23.743999,23.938999,23.794001,23.792999,23.737,23.725,23.511,23.532,23.559999,23.02],"hoverRows":[[{"label":"Open","value":"23.1","className":"is-ohlc","compact":true},{"label":"High","value":"23.2","className":"is-ohlc","compact":true},{"label":"Low","value":"23.0","className":"is-ohlc","compact":true},{"label":"Close","value":"23.0","className":"is-ohlc","compact":true},{"label":"Market 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but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"23.6","className":"is-ohlc","compact":true},{"label":"High","value":"23.7","className":"is-ohlc","compact":true},{"label":"Low","value":"23.4","className":"is-ohlc","compact":true},{"label":"Close","value":"23.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.80","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"23.5","className":"is-ohlc","compact":true},{"label":"High","value":"23.7","className":"is-ohlc","compact":true},{"label":"Low","value":"23.0","className":"is-ohlc","compact":true},{"label":"Close","value":"23.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.97","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-4.73925,4.73925],"priceRange":[22.96486,23.994139],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.967325,"state":"Positive but weakening over four weeks","context":{"scenario":"positiveWeakening","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 and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Accumulation pressure","detail":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","tone":"negative"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","annotations":[{"label":"Current tape relationship","value":"Accumulation pressure","detail":"Market Dynamics eased this week but remains positive.","tone":"negative"},{"label":"Price location","value":"Accumulation zone","detail":"Price is being tested for a confirmed recovery through the lower zone.","tone":"caution"},{"label":"Latest positioning marker","value":"5 Jun 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":17,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-06-05","price":23.459999}],"reversal_warnings":[],"reversal_dangers":[]}},"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":[26.8378,26.903,26.9002,23.2704,23.2275,23.4549,23.3046,23.1729,23.0011,23.0762,22.964,23.045,23.2207,23.3397,22.9826,22.7318,22.9084,22.9182,23.1434,23.1443,23.399,23.4276,23.0743,23.0664,23.1049,23.016,22.9203,23.1286,23.0496,23.0328,23.2164,23.262,23.289,23.46,23.468,23.744,23.939,23.794,23.793,23.737,23.725,23.511,23.532,23.56,23.02],"consensus":[100.0,74.888,-100.0,-100.0,-72.6779,-31.2082,-76.2858,-66.3727,-79.0159,-28.9709,-71.1312,-26.5547,0.0,0.0,-73.5098,-61.4682,0.0,-17.6551,12.043,0.0,32.8597,26.8473,-43.1996,-11.2466,-10.5652,-35.0548,-42.3318,25.6789,-19.2402,-14.5634,48.1965,32.3696,26.4373,50.4242,28.5551,72.487,65.6942,10.5386,25.5307,18.0161,0.0,-32.9619,0.0,0.0,-57.7214],"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,-12.815,-71.2087,-67.0799,-77.5416,-16.0121,-64.2984,-24.4525,0.0,0.0,-85.8688,-45.6845,0.0,-6.6471,9.4418,0.0,25.7384,15.9366,-49.7904,-13.7743,-8.1477,-33.0286,-48.0424,15.3976,-28.7886,-28.5086,37.1133,32.936,16.1272,50.0156,20.0712,66.4066,55.0538,1.0865,13.5923,17.836,0.0,-29.6182,0.0,0.0,-60.1751],"force":[100.0,74.888,-100.0,-100.0,-34.427,-27.2954,-60.7661,-53.901,-75.8371,-30.1996,-62.9179,-33.0327,0.0,0.0,-83.3379,-64.6441,0.0,-8.4331,40.5082,0.0,36.8995,24.648,-70.8001,-2.3346,-1.6092,-48.595,-58.2564,64.0085,-23.4465,-11.9316,82.1899,28.4653,22.4476,39.9725,7.8446,89.0323,74.1798,45.5843,0.7186,4.8805,0.0,-66.0895,0.0,0.0,-62.1481],"direction":[null,null,null,null,-100.0,-94.0173,-93.1737,-74.4729,-82.9713,-86.0457,-84.8068,-71.5195,0.0,0.0,-52.3652,-77.2381,0.0,-48.8701,5.3164,0.0,38.1128,40.8876,-15.9527,-14.7235,-19.7251,-27.6988,-24.4308,10.0507,-5.3233,-0.5059,36.582,34.5109,41.0701,58.3568,53.0443,67.6181,71.7935,61.4288,57.9239,34.5765,0.0,-13.1207,0.0,0.0,-51.7551],"intensity":[null,null,null,null,75.0,60.0,50.0,57.1429,50.0,33.3333,40.0,27.2727,66.6667,46.1538,85.7143,86.6667,68.75,11.7647,77.7778,31.5789,75.0,66.6667,81.8182,60.8696,37.5,24.0,26.9231,59.2593,14.2857,10.3448,60.0,45.1613,50.0,51.5152,11.7647,80.0,86.1111,43.2432,47.3684,64.1026,55.0,80.4878,80.9524,32.5581,95.4545],"confirmation":[54.6667,46.6308,54.6667,54.6667,66.8416,36.9736,92.0158,88.8484,93.2107,36.7741,90.6158,36.4272,12.2459,10.3928,91.6343,88.0071,34.9392,6.8214,51.2284,3.7462,78.7467,76.6904,82.5646,48.6221,48.4781,79.6611,81.9445,77.5421,51.4729,49.7009,84.6278,78.2306,76.4955,83.8234,53.9691,91.7927,89.4429,11.5306,53.0384,51.4446,4.0337,79.6084,24.0199,1.0739,44.64],"persistence":[null,null,33.3333,0.0,20.0,33.3333,42.8571,50.0,75.0,100.0,100.0,100.0,87.5,75.0,75.0,75.0,62.5,62.5,37.5,25.0,12.5,0.0,0.0,0.0,12.5,12.5,37.5,25.0,50.0,75.0,50.0,25.0,0.0,25.0,50.0,50.0,75.0,100.0,100.0,100.0,87.5,62.5,50.0,37.5,12.5],"assessmentRisk":[null,null,null,null,12.6505,33.4594,11.345,29.3627,30.1619,1.5115,20.3955,7.1927,8.7782,9.5165,37.7074,15.12,43.3835,40.3355,30.0791,48.0164,33.1106,36.2901,5.088,13.04,39.8472,31.0923,12.3542,4.2616,6.9936,12.705,23.4425,19.3301,32.8055,24.5516,32.9697,13.7313,17.1508,44.0656,36.6104,11.8072,48.1454,32.0683,45.8379,42.9189,21.0625],"volumeParticipation":true,"latest":{"consensus":-57.7,"control":-60.2,"force":-62.1,"direction":-51.8,"confirmation":44.6,"persistence":12.5,"assessmentRisk":21.1,"intensity":95.5,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-57.7","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-60.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-62.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-51.8","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"45/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"36.4","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"1.3%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"27.4","detail":"Directional","tone":"positive"},{"label":"Range position","value":"14%","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 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}