{"schema_version":"1.0","name":"ARIY Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"c5a0410e-d3e9-4535-81ad-4475b919ebc0","symbol":"ARIY","name":"IncomeShares Artificial Intelligence Leaders ETP","exchange":"LSE","country":"GB","asset_type":"etf","currency":"USD","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, Activity pressure and cumulative balance, Drawdown and recovery pressure, Acceleration, deceleration and rollover."},{"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":21,"displayedObservations":21,"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":["2026-04-03","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"],"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],"opens":[8.268657,8.6529,9.144945,9.014497,9.321338,9.487223,10.009455,9.678709,10.140014,10.588794,10.041581,10.579441,9.896594,9.5275,9.65,9.02,9.16875,9.1625,8.86,9.08,9.24],"highs":[8.757071,9.189274,9.707915,9.325485,9.429147,9.848434,10.009455,10.079087,10.353259,10.588794,10.041581,10.584117,9.905948,9.5275,9.65,9.02,9.35625,9.1675,9.0,9.21,9.2525],"lows":[8.08724,8.617437,9.096185,9.014497,8.989618,9.487223,9.421945,9.378425,10.126958,10.289464,10.041581,10.520978,9.817084,9.5275,9.65,8.9625,8.995,8.335,8.2825,8.9475,8.7975],"closes":[8.557594,9.156028,9.683535,9.250848,9.391829,9.733109,9.674356,10.015984,10.353259,10.289464,10.041581,10.520978,9.817084,9.5275,9.65,8.9625,8.995,8.8875,8.9075,9.08125,8.89],"hoverRows":[[{"label":"Open","value":"8.27","className":"is-ohlc","compact":true},{"label":"High","value":"8.76","className":"is-ohlc","compact":true},{"label":"Low","value":"8.09","className":"is-ohlc","compact":true},{"label":"Close","value":"8.56","className":"is-ohlc","compact":true},{"label":"Market 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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":[8.439791,10.638781],"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":"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 positive 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":[{"date":"2026-05-22","price":10.015984}],"reversal_dangers":[{"date":"2026-05-29","price":10.353259}]}},"smTape":{"available":true,"dates":["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":[8.5576,9.156,9.6835,9.2508,9.3918,9.7331,9.6744,10.016,10.3533,10.2895,10.0416,10.521,9.8171,9.5275,9.65,8.9625,8.995,8.8875,8.9075,9.0813,8.89],"consensus":[40.4396,88.3722,92.0292,30.16,51.6995,45.838,12.7699,53.6115,70.4329,17.7203,18.7812,34.1793,-31.3334,-28.1234,0.0,-63.3789,-40.3092,-36.1279,-18.314,0.0,-40.1818],"supportDates":["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,47.4768,10.5643,52.961,66.3926,0.1417,11.8167,21.8277,-36.3913,-21.4547,0.0,-69.3626,-42.6183,-25.9988,-6.4608,0.0,-39.4922],"force":[40.4396,88.3722,92.0292,30.16,24.8279,27.705,10.6033,43.023,78.8108,13.6884,6.5656,15.4093,-46.7375,-23.7646,0.0,-49.5644,-20.0649,-31.8188,-4.509,0.0,-53.2644],"direction":[null,null,null,null,70.8935,56.9172,31.9857,61.9182,69.0662,60.5687,44.8454,61.7024,-14.55,-38.858,0.0,-66.408,-52.1305,-50.7818,-48.1625,0.0,-31.625],"intensity":[null,null,null,null,25.0,60.0,33.3333,42.8571,100.0,33.3333,80.0,72.7273,91.6667,38.4615,7.1429,86.6667,31.25,82.3529,22.2222,84.2105,25.0],"confirmation":[35.6073,50.9458,52.116,32.3179,60.6488,82.0906,28.3364,84.8429,90.8554,7.9359,52.0776,78.5535,78.4191,76.9683,25.4034,87.7691,80.2468,79.5839,28.9741,3.6592,55.0],"persistence":[null,null,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,50.0,37.5,12.5,12.5,37.5,62.5,75.0,75.0],"assessmentRisk":[null,null,null,null,22.4848,22.8579,7.678,22.1944,14.5633,38.4538,31.3162,28.7578,28.2066,33.9328,36.3077,18.283,28.7563,29.0991,39.4927,18.8168,4.9101],"volumeParticipation":true,"latest":{"consensus":-40.2,"control":-39.5,"force":-53.3,"direction":-31.6,"confirmation":55.0,"persistence":75.0,"assessmentRisk":4.9,"intensity":25.0,"evidenceDepth":81},"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":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-40.2","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-39.5","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-53.3","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-31.6","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":"66.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"6.0%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","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 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