{"schema_version":"1.0","name":"AIRR Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"c6b907ee-6b82-41d6-8ad8-186f03808e81","symbol":"AIRR","name":"First Trust RBA American Industrial Renaissance UCITS ETF Class A Acc","exchange":"AMS","country":"NL","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","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":"2026-08-21","observations":60,"displayedObservations":60,"assetType":"ETF","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Rollover warning","headline":"Price has moved below distribution as Market Dynamics weakened","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the 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The completed tape now carries a stronger continuation-risk warning.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":0.0,"averageReturn":15.5,"sample":1},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price has moved below distribution","detail":"Price left the upper zone as Market Dynamics weakened."}},"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":"In this ticker's completed record, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 15.5% across 1 cases.","watch":"A recovery in both price and Market Dynamics would remove the rollover warning."},{"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 1 cases. Distinct visits lasted 2.0 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."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 6.7% across 1 completed cases, with the largest move arriving after 1.0 weeks on average.","approach":"Avoid adding simply because price is rising. 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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,0.0,28.7234,514.6634,808.8474,116.8768,435.4307,324.7054,873.6055,207.5666,25.9138,431.1669,113.6232,28.4614,109.3289,170.0793,242.8775,137.9595,44.4938,5.9806,15.0071,2.7539,23.8126,410.339,107.2786,91.4303,458.8211,140.2134,107.4833,144.6399,119.3862,142.333,232.3247,66.6837,118.2742,68.2598,59.6517,73.3956,184.2949,33.4942,138.176,118.0748,3.1484,12.6503,5.5762,10.856,23.362,137.8992,37.175,51.7418,171.7554,39.0076,59.1572,218.3714],"stroke":"#1678a7","width":1.8},{"label":"Cumulative 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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,0.6171,0.6875,0.7674,0.8177,0.8128,0.8615,0.8069,0.7454,0.6329,0.6634,0.6864,0.7231,0.7359,0.7721,0.7469,0.8358,1.0353,1.1954,1.239,1.4148,1.5762,1.7136,1.7285,1.5949,1.4114,1.2587,1.1607,1.1335,1.2459,1.3659,1.4668,1.5477,1.6629,1.709,1.6649,1.6922,1.7326,1.734,1.7255,1.7054,1.5813,1.4101,1.1987,1.0638,0.8647,0.7818,0.7304,0.5036],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.7148,0.7441,0.7567,0.7544,0.7301,0.7168,0.7107,0.7132,0.7177,0.7286,0.7323,0.753,0.8094,0.8866,0.9571,1.0486,1.1542,1.266,1.3585,1.4058,1.4069,1.3773,1.334,1.2939,1.2843,1.3006,1.3338,1.3766,1.4339,1.4889,1.5241,1.5577,1.5927,1.621,1.6419,1.6546,1.6399,1.5939,1.5149,1.4247,1.3127,1.2065,1.1113,0.9898],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.0981,0.1173,0.0503,-0.009,-0.0972,-0.0533,-0.0243,0.0099,0.0182,0.0435,0.0146,0.0829,0.2258,0.3088,0.2819,0.3662,0.422,0.4476,0.37,0.1891,0.0045,-0.1186,-0.1733,-0.1604,-0.0384,0.0653,0.133,0.1711,0.2291,0.2201,0.1408,0.1345,0.1399,0.113,0.0836,0.0509,-0.0586,-0.1839,-0.3162,-0.3608,-0.448,-0.4247,-0.3809,-0.4861],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"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","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,1.9054,1.9956,2.1594,2.2461,2.4415,2.7526,2.9184,3.0854,3.1907,3.1463,3.2204,3.2151,3.0963,3.1302,3.1851,3.2243,3.2768,3.2926,3.2217,3.2268,3.2162,3.3366,3.789,4.0687,4.0876,4.263,4.3488,4.3162,4.1835,4.1615,4.1257,4.1475,4.0444,4.243,4.1622,3.9929,3.8922,3.6436,3.4987,3.6593,3.6687,3.7151,3.654,4.2717,4.2389,3.9907,4.6578],"stroke":"#c13f3f","width":1.9},{"label":"Envelope 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