{"schema_version":"1.0","name":"VUS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"cac5d696-08f2-4e22-9b01-89842042646d","symbol":"VUS","name":"VIRTUS US DIVIDEND ETF","exchange":"NYSEARCA","country":"US","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","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 pressure and compression, Range position and boundary pressure, Directional strength and control, Directional pressure and rotation."},{"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":38,"displayedObservations":38,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","evidenceAlignment":{"status":"Price ahead of underlying support","headline":"The upward price response is leading Market Dynamics","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","take":"Treat the gap as an early-downside risk watch. Stronger Market Dynamics would confirm the price move; a weaker price response would confirm that the gap is closing through correction.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.743267,1.014303,1.119152,1.102624,0.877993,0.606729,0.388564,0.16095,0.108461,0.108797],"opens":[29.955356,29.8,29.31,29.5278,29.7582,29.6044,29.6261,29.9506,30.3763,30.6924],"highs":[29.955356,29.8381,29.8174,29.9819,29.9471,30.026,29.82,30.5167,30.6499,30.6924],"lows":[29.414727,29.2332,29.25,29.3564,29.6747,29.6044,29.2029,29.9506,30.315,30.1133],"closes":[29.731983,29.2499,29.3264,29.9819,29.6747,29.7039,29.77,30.5167,30.6112,30.2246],"hoverRows":[[{"label":"Open","value":"30.0","className":"is-ohlc","compact":true},{"label":"High","value":"30.0","className":"is-ohlc","compact":true},{"label":"Low","value":"29.4","className":"is-ohlc","compact":true},{"label":"Close","value":"29.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.74","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"29.8","className":"is-ohlc","compact":true},{"label":"High","value":"29.8","className":"is-ohlc","compact":true},{"label":"Low","value":"29.2","className":"is-ohlc","compact":true},{"label":"Close","value":"29.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.01","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"29.3","className":"is-ohlc","compact":true},{"label":"High","value":"29.8","className":"is-ohlc","compact":true},{"label":"Low","value":"29.2","className":"is-ohlc","compact":true},{"label":"Close","value":"29.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.12","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"29.5","className":"is-ohlc","compact":true},{"label":"High","value":"30.0","className":"is-ohlc","compact":true},{"label":"Low","value":"29.4","className":"is-ohlc","compact":true},{"label":"Close","value":"30.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"1.10","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"29.8","className":"is-ohlc","compact":true},{"label":"High","value":"29.9","className":"is-ohlc","compact":true},{"label":"Low","value":"29.7","className":"is-ohlc","compact":true},{"label":"Close","value":"29.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.88","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"29.6","className":"is-ohlc","compact":true},{"label":"High","value":"30.0","className":"is-ohlc","compact":true},{"label":"Low","value":"29.6","className":"is-ohlc","compact":true},{"label":"Close","value":"29.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.61","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"29.6","className":"is-ohlc","compact":true},{"label":"High","value":"29.8","className":"is-ohlc","compact":true},{"label":"Low","value":"29.2","className":"is-ohlc","compact":true},{"label":"Close","value":"29.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.39","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"30.0","className":"is-ohlc","compact":true},{"label":"High","value":"30.5","className":"is-ohlc","compact":true},{"label":"Low","value":"30.0","className":"is-ohlc","compact":true},{"label":"Close","value":"30.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.16","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"30.4","className":"is-ohlc","compact":true},{"label":"High","value":"30.6","className":"is-ohlc","compact":true},{"label":"Low","value":"30.3","className":"is-ohlc","compact":true},{"label":"Close","value":"30.6","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.11","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"30.7","className":"is-ohlc","compact":true},{"label":"High","value":"30.7","className":"is-ohlc","compact":true},{"label":"Low","value":"30.1","className":"is-ohlc","compact":true},{"label":"Close","value":"30.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.11","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[29.168222,30.692878],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.108797,"state":"Price is moving ahead of Market Dynamics","context":{"scenario":"priceAhead","latestDirection":"slight strengthening","fourWeekDirection":"weakening","now":{"label":"Slightly stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"diagnosis":{"label":"Price response ahead of support","detail":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","annotations":[{"label":"Current tape relationship","value":"Price response ahead of support","detail":"Market Dynamics strengthened this week and remains positive.","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":"Lagging price","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":10,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["2025-12-05","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":[25.0171,24.8231,25.0268,25.3815,25.2888,25.9115,26.3126,26.433,26.5872,26.8279,26.9757,27.3613,27.2965,26.4636,26.0743,25.5173,25.1704,26.1399,27.334,28.3811,28.3782,28.6177,29.2029,29.1639,29.3392,29.7252,29.1059,29.6427,29.732,29.2499,29.3264,29.9819,29.6747,29.7039,29.77,30.5167,30.6112,30.2246],"consensus":[54.5234,-100.0,100.0,58.0,44.8512,74.38,74.871,73.8059,46.4449,69.6901,54.6817,77.6253,37.6456,-33.9289,-47.0706,-62.1717,-60.9417,24.0564,71.238,72.8842,51.3058,61.4458,72.2318,24.9087,57.2298,62.099,-15.2901,61.8156,35.1034,-22.76,16.2561,61.4264,0.0,20.8209,34.579,62.8505,48.8644,3.0122],"supportDates":["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,83.3504,84.2079,71.0516,20.9061,63.221,39.3398,83.2818,24.8457,-35.7399,-42.0376,-58.1208,-64.1104,41.8074,71.6698,86.1115,56.9752,68.8441,82.8162,9.6794,60.7688,69.9626,-17.7358,67.0116,33.7088,-17.5461,11.4257,71.7746,0.0,16.1971,35.3095,77.8423,55.5792,8.8914],"force":[54.5234,-100.0,100.0,58.0,14.422,55.0485,50.1657,68.5728,40.512,65.8727,46.7001,62.9306,2.7102,-67.1494,-54.1314,-59.2,-52.1531,48.0297,97.9403,65.7941,23.9867,42.9036,58.8951,8.0868,38.0661,39.5475,-83.4647,62.2594,13.3193,-83.5026,1.702,66.4922,0.0,4.401,31.3389,57.073,30.5682,28.6105],"direction":[null,null,null,null,66.5864,77.9362,81.8468,80.6916,79.8699,79.8102,77.9164,81.657,77.228,-8.1303,-47.7792,-68.9239,-63.5981,13.3541,51.6716,62.8318,64.34,66.2351,69.6614,65.8818,66.8734,69.2204,-36.2012,55.5602,52.2573,-14.6688,32.1724,45.9817,0.0,37.8336,36.0586,49.8438,54.2591,39.204],"intensity":[null,null,null,null,25.0,80.0,66.6667,14.2857,87.5,55.5556,70.0,54.5455,33.3333,100.0,57.1429,73.3333,68.75,100.0,100.0,94.7368,65.0,19.0476,68.1818,78.2609,20.8333,80.0,65.3846,51.8519,57.1429,41.3793,3.3333,77.4194,21.875,6.0606,41.1765,88.5714,33.3333,37.8378],"confirmation":[40.1142,54.6667,54.6667,41.2267,58.2947,91.0757,91.0635,91.5004,83.0707,90.2831,85.4887,92.3061,56.5103,79.8421,83.3545,87.8661,87.1852,33.6737,91.6034,90.9053,83.4989,86.9848,90.5464,31.5891,85.6756,87.0646,37.3228,87.7153,78.5904,35.0099,50.1653,87.6532,6.8276,51.5661,78.9554,87.7076,82.9767,38.8486],"persistence":[null,null,33.3333,50.0,60.0,66.6667,71.4286,75.0,75.0,100.0,100.0,100.0,100.0,75.0,50.0,25.0,0.0,0.0,0.0,0.0,0.0,25.0,50.0,75.0,100.0,100.0,75.0,75.0,75.0,50.0,50.0,50.0,37.5,37.5,62.5,62.5,62.5,75.0],"assessmentRisk":[null,null,null,null,19.7054,12.7443,12.553,13.0616,26.7747,15.1149,22.3994,11.1662,31.0016,22.1177,25.7655,18.904,19.5266,41.4814,13.3752,13.5507,24.3448,19.2505,13.6607,30.262,17.2333,16.3439,0.5469,3.5341,14.4854,24.2875,12.6214,1.8007,6.5916,31.1359,23.9245,12.2266,24.6991,40.9237],"volumeParticipation":true,"latest":{"consensus":3.0,"control":8.9,"force":28.6,"direction":39.2,"confirmation":38.8,"persistence":75.0,"assessmentRisk":40.9,"intensity":37.8,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Broadly stable","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+3.0","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+8.9","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+28.6","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+39.2","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"39/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"64.1","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"1.9%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"25.0","detail":"Directional","tone":"positive"},{"label":"Range position","value":"92%","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 upward.","series":[{"label":"Close","values":[25.0171,24.8231,25.0268,25.3815,25.2888,25.9115,26.3126,26.433,26.5872,26.8279,26.9757,27.3613,27.2965,26.4636,26.0743,25.5173,25.1704,26.1399,27.334,28.3811,28.3782,28.6177,29.2029,29.1639,29.3392,29.7252,29.1059,29.6427,29.732,29.2499,29.3264,29.9819,29.6747,29.7039,29.77,30.5167,30.6112,30.2246],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,25.1026,25.2496,25.4429,25.6229,25.7983,25.9855,26.1655,26.3829,26.549,26.5335,26.45,26.2804,26.0786,26.0897,26.316,26.6915,26.9981,27.2926,27.6399,27.917,28.1756,28.4574,28.5753,28.7693,28.9444,28.9999,29.0593,29.227,29.3084,29.3803,29.4512,29.6449,29.8206,29.8941],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,25.8521,25.8974,25.9105,25.8814,25.8287,25.8518,25.9616,26.1408,26.3065,26.4777,26.6796,26.8636,27.047,27.2454,27.3832,27.5506,27.7122,27.8261,27.9372,28.0887,28.2061,28.3171,28.4247,28.5797,28.7302,28.8409],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,27.1664,27.3826,27.6604,27.8389,27.8125,27.7521,27.6893,27.6455,27.607,27.7398,28.0962,28.4013,28.6799,29.0552,29.3724,29.6548,30.0088,30.2059,30.4719,30.7208,30.8678,31.0092,31.2356,31.3908,31.4873,31.5099,31.4774,31.2031,30.8995],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower 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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,28.595,17.8007,16.125,113.0408,6.625,3.6972,2.577,1.0711,0.4218,0.684,0.6166,65.8847,1.3888,16.0773,2.4883,5.2555,9.8365,12.9077,4.1344,40.6039,16.4753,25.7306,68.7823,30.6327,29.6243,13.5144,7.5475,422.6011,8.6836,15.8263,9.3783],"stroke":"#1678a7","width":1.8},{"label":"Cumulative balance","values":[null,null,null,null,null,null,null,135.0,135.0,135.0,135.0,135.0,134.8866,134.8131,134.7846,134.7741,134.758,134.7717,135.0,135.0,134.7116,134.7563,134.7792,134.7362,134.7928,134.8109,134.6312,134.6949,134.787,134.5517,134.5971,134.6385,134.6202,134.6302,135.0,135.0,135.0,134.9845],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Typical 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}