{"schema_version":"1.0","name":"FAN3 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"c0ebbd51-e52e-4609-8c5e-6731cc6c4b60","symbol":"FAN3","name":"Leverage Shares 3x Long FAANG+ ETP Securities","exchange":"LSE","country":"GB","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. The upward price structure has improving support, but confirmation is not complete.","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, Drawdown and recovery pressure, Range position and boundary pressure, Directional strength and control, Acceleration, deceleration and rollover, Activity pressure and cumulative balance."},{"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 improved this week but remains below zero. Underlying support has strengthened across the recent completed path. The upward price structure has improving support, but confirmation is not complete.","evidenceAlignment":{"status":"Repair in progress","headline":"Market Dynamics is improving but remains below zero","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. The upward price structure has improving support, but confirmation is not complete.","take":"Continued repair would strengthen the upward case. Renewed weakness would leave price ahead of the underlying position.","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":[0.555384,0.802708,0.882524,0.975058,0.951211,0.830487,0.61533,0.423485,0.139908,-0.030737,-0.114658,-0.243157,-0.268846,-0.329182,-0.327272,-0.212929,-0.146542],"opens":[17.18,18.115,19.209999,19.1425,19.445,17.4375,14.845,15.475,12.545,14.705,15.85,14.91,15.275,13.2475,15.41,17.895,19.059999],"highs":[17.525,19.49,20.135,19.415001,20.58,17.4375,15.405,15.6925,12.8875,14.705,15.85,14.91,15.275,13.4925,17.834999,18.5,19.059999],"lows":[17.1175,18.115,18.717501,18.32,19.344999,17.4375,14.845,15.475,12.545,14.705,15.85,14.91,12.73,12.8825,15.41,17.715,17.645],"closes":[18.43,19.559999,19.752501,19.43,20.58,17.4375,15.405,15.6925,12.8875,14.705,15.85,14.91,13.165,13.4925,17.834999,18.5,17.645],"hoverRows":[[{"label":"Open","value":"17.2","className":"is-ohlc","compact":true},{"label":"High","value":"17.5","className":"is-ohlc","compact":true},{"label":"Low","value":"17.1","className":"is-ohlc","compact":true},{"label":"Close","value":"18.4","className":"is-ohlc","compact":true},{"label":"Market 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repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"17.9","className":"is-ohlc","compact":true},{"label":"High","value":"18.5","className":"is-ohlc","compact":true},{"label":"Low","value":"17.7","className":"is-ohlc","compact":true},{"label":"Close","value":"18.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.21","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"19.1","className":"is-ohlc","compact":true},{"label":"High","value":"19.1","className":"is-ohlc","compact":true},{"label":"Low","value":"17.6","className":"is-ohlc","compact":true},{"label":"Close","value":"17.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.15","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[12.42595,21.04155],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.146542,"state":"Negative but repairing over four weeks","context":{"scenario":"negativeRepair","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened 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":"Underlying pressure is repairing","detail":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","annotations":[{"label":"Current tape relationship","value":"Underlying pressure is repairing","detail":"Market Dynamics improved this week but remains below zero.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","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":"Repairing","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":17,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"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":[18.33,19.6626,21.8625,18.1375,18.6125,16.4175,19.77,20.185,18.495,18.6325,19.9025,17.9175,18.3775,17.7,17.25,17.12,14.6875,13.5275,14.0975,14.0475,14.7075,13.7475,12.885,11.1375,12.37,14.2325,17.6675,17.1025,18.43,19.56,19.7525,19.43,20.58,17.4375,15.405,15.6925,12.8875,14.705,15.85,14.91,13.165,13.4925,17.835,18.5,17.645],"consensus":[-100.0,100.0,13.8887,-100.0,0.0,-61.9582,33.774,48.1302,-32.735,0.0,41.1819,-56.4177,0.0,-51.779,-36.0754,-27.2043,-67.6052,-76.9091,-14.6273,-37.6209,0.0,-44.8499,-67.9681,-70.6644,0.0,32.7728,71.5709,27.2853,74.0642,77.06,51.3423,45.4644,68.7723,-23.037,-29.976,-10.7846,-39.2145,-15.1255,0.0,-28.7882,-55.9361,-13.1582,58.5227,60.2072,4.2518],"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,-61.7413,59.5531,50.9382,-41.9495,0.0,54.5062,-45.2822,0.0,-46.3947,-24.7352,-22.3501,-68.4947,-77.5484,-3.7298,-33.0372,0.0,-60.3335,-69.2957,-81.0115,0.0,35.9299,68.2485,19.9885,73.8302,77.3771,49.4667,47.0326,75.6167,-23.8314,-20.6747,-3.8334,-30.1099,-5.8501,0.0,-30.5502,-61.8312,-0.0342,67.7206,62.0677,14.6192],"force":[-100.0,100.0,13.8887,-100.0,0.0,-52.2769,33.5801,33.5337,-47.221,0.0,37.9079,-83.5206,0.0,-73.3948,-24.0865,-10.3634,-73.2706,-90.2056,-24.4907,-10.5215,0.0,-31.0384,-80.9815,-58.6065,0.0,76.1878,98.7629,1.1562,89.0069,88.4032,32.95,16.8689,59.3878,-38.3614,-25.2665,-9.626,-24.3943,-14.4476,0.0,-20.8106,-76.9818,-13.1981,62.1508,65.5773,24.9444],"direction":[null,null,null,null,0.0,-69.1212,4.4505,55.3472,-11.8571,0.0,28.2927,-49.7849,0.0,-42.4927,-57.5992,-44.7811,-62.542,-66.681,-63.5482,-62.2161,0.0,-37.0198,-57.1556,-67.4517,0.0,1.8459,55.9452,54.2882,63.6584,68.5952,66.623,64.0975,67.6532,-11.1832,-43.9699,-42.07,-60.2056,-46.8497,0.0,-32.473,-34.1663,-47.0612,45.4194,54.2452,46.6732],"intensity":[null,null,null,null,50.0,60.0,83.3333,14.2857,37.5,11.1111,30.0,54.5455,16.6667,7.6923,50.0,6.6667,81.25,47.0588,55.5556,10.5263,15.0,28.5714,31.8182,69.5652,41.6667,72.0,96.1538,85.1852,42.8571,68.9655,10.0,19.3548,34.375,87.8788,85.2941,8.5714,86.1111,72.973,31.5789,23.0769,75.0,60.9756,100.0,76.7442,20.4545],"confirmation":[54.6667,54.6667,27.1111,54.6667,0.6183,87.5349,55.7423,82.914,78.7763,3.7985,80.8754,87.0493,27.2726,85.3101,79.3516,76.2661,89.7928,93.0064,9.7887,79.2826,7.268,81.6951,90.1262,90.0874,33.9801,57.4894,91.782,53.3795,92.1595,93.0001,83.8976,81.6532,89.6168,75.8268,77.5905,5.9231,80.2357,7.1624,26.098,76.9423,86.4511,6.4313,86.6977,87.4016,22.943],"persistence":[null,null,33.3333,0.0,0.0,16.6667,0.0,12.5,12.5,0.0,0.0,0.0,0.0,0.0,25.0,50.0,50.0,62.5,87.5,87.5,87.5,87.5,87.5,87.5,75.0,50.0,25.0,0.0,12.5,37.5,62.5,87.5,100.0,75.0,50.0,25.0,0.0,25.0,37.5,62.5,87.5,87.5,62.5,37.5,25.0],"assessmentRisk":[null,null,null,null,7.1173,13.8744,51.4201,11.6819,13.736,37.2744,17.3311,12.111,4.9614,2.9551,26.6612,8.1846,15.3783,11.1045,41.3524,30.8896,2.2319,32.9883,7.4787,14.4536,45.8632,3.5866,14.0353,36.3192,12.9264,11.423,20.2465,24.28,11.6953,31.3332,34.3475,43.3506,30.3709,37.4142,8.5185,8.7575,36.4878,26.0353,8.9261,17.2816,46.767],"volumeParticipation":true,"latest":{"consensus":4.3,"control":14.6,"force":24.9,"direction":46.7,"confirmation":22.9,"persistence":25.0,"assessmentRisk":46.8,"intensity":20.5,"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 upward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":true},"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":"Limited support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+4.3","detail":"Price structure has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+14.6","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+24.9","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+46.7","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"23/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"55.3","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"9.6%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"19.1","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"70%","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 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}