{"schema_version":"1.0","name":"EX20 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"cfcfc768-4107-461a-a857-6ceeb366715e","symbol":"EX20","name":"iShares S&P 500 EUR Hedged UCITS ETF (Acc)","exchange":"VIE","country":"AT","asset_type":"etf","currency":"EUR","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, Range position and boundary pressure, Range pressure and compression, 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":"2026-08-14","observations":13,"displayedObservations":13,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","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":["2026-05-22","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"],"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],"opens":[152.100006,155.220001,155.300003,151.619995,154.059998,150.440002,154.380005,154.720001,155.220001,153.600006,153.720001,154.699997,159.179993],"highs":[154.220001,156.080002,155.460007,153.139999,154.179993,150.479996,154.380005,155.360001,155.619995,154.460007,153.800003,159.880005,160.279999],"lows":[151.199997,154.460007,154.080002,151.619995,153.660004,150.199997,154.059998,154.720001,153.279999,151.660004,150.839996,154.539993,159.0],"closes":[154.220001,156.080002,154.080002,153.139999,154.179993,150.199997,154.240005,155.360001,153.759995,153.039993,152.539993,159.339996,159.720001],"hoverRows":[[{"label":"Open","value":"152.1","className":"is-ohlc","compact":true},{"label":"High","value":"154.2","className":"is-ohlc","compact":true},{"label":"Low","value":"151.2","className":"is-ohlc","compact":true},{"label":"Close","value":"154.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"155.2","className":"is-ohlc","compact":true},{"label":"High","value":"156.1","className":"is-ohlc","compact":true},{"label":"Low","value":"154.5","className":"is-ohlc","compact":true},{"label":"Close","value":"156.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"155.3","className":"is-ohlc","compact":true},{"label":"High","value":"155.5","className":"is-ohlc","compact":true},{"label":"Low","value":"154.1","className":"is-ohlc","compact":true},{"label":"Close","value":"154.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"151.6","className":"is-ohlc","compact":true},{"label":"High","value":"153.1","className":"is-ohlc","compact":true},{"label":"Low","value":"151.6","className":"is-ohlc","compact":true},{"label":"Close","value":"153.1","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"154.1","className":"is-ohlc","compact":true},{"label":"High","value":"154.2","className":"is-ohlc","compact":true},{"label":"Low","value":"153.7","className":"is-ohlc","compact":true},{"label":"Close","value":"154.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"150.4","className":"is-ohlc","compact":true},{"label":"High","value":"150.5","className":"is-ohlc","compact":true},{"label":"Low","value":"150.2","className":"is-ohlc","compact":true},{"label":"Close","value":"150.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"154.4","className":"is-ohlc","compact":true},{"label":"High","value":"154.4","className":"is-ohlc","compact":true},{"label":"Low","value":"154.1","className":"is-ohlc","compact":true},{"label":"Close","value":"154.2","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"154.7","className":"is-ohlc","compact":true},{"label":"High","value":"155.4","className":"is-ohlc","compact":true},{"label":"Low","value":"154.7","className":"is-ohlc","compact":true},{"label":"Close","value":"155.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"155.2","className":"is-ohlc","compact":true},{"label":"High","value":"155.6","className":"is-ohlc","compact":true},{"label":"Low","value":"153.3","className":"is-ohlc","compact":true},{"label":"Close","value":"153.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"153.6","className":"is-ohlc","compact":true},{"label":"High","value":"154.5","className":"is-ohlc","compact":true},{"label":"Low","value":"151.7","className":"is-ohlc","compact":true},{"label":"Close","value":"153.0","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"153.7","className":"is-ohlc","compact":true},{"label":"High","value":"153.8","className":"is-ohlc","compact":true},{"label":"Low","value":"150.8","className":"is-ohlc","compact":true},{"label":"Close","value":"152.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"154.7","className":"is-ohlc","compact":true},{"label":"High","value":"159.9","className":"is-ohlc","compact":true},{"label":"Low","value":"154.5","className":"is-ohlc","compact":true},{"label":"Close","value":"159.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"159.2","className":"is-ohlc","compact":true},{"label":"High","value":"160.3","className":"is-ohlc","compact":true},{"label":"Low","value":"159.0","className":"is-ohlc","compact":true},{"label":"Close","value":"159.7","className":"is-ohlc","compact":true},{"label":"Market 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":[149.628797,160.291201],"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":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","tone":"neutral"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Across the displayed history, price has progressed from the lower accumulation area, through the middle range and into the upper positioning zone. This describes price location only; it does not establish active distribution or a reversal.","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":"Upper positioning zone","detail":"Price is in the area labelled as the distribution zone on the chart. With limited Market Dynamics history, the label describes location and extension only.","tone":"caution"},{"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":13,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-05-22","price":154.220001}],"reversal_dangers":[{"date":"2026-05-29","price":156.080002}]}},"smTape":{"available":true,"dates":["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"],"close":[154.22,156.08,154.08,153.14,154.18,150.2,154.24,155.36,153.76,153.04,152.54,159.34,159.72],"consensus":[100.0,100.0,-100.0,100.0,13.4052,-69.6748,22.972,44.7074,-24.3793,0.0,-23.7842,73.683,47.1685],"supportDates":["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"],"control":[null,null,null,null,null,-70.2763,26.9049,45.194,-25.8998,0.0,-17.0012,68.0834,38.1351],"force":[100.0,100.0,-100.0,100.0,34.6919,-73.3207,35.9165,51.9566,-46.1731,0.0,-23.3658,90.224,29.0518],"direction":[null,null,null,null,1.7995,-66.383,9.2314,38.9734,-7.0745,0.0,-31.835,68.2674,70.433],"intensity":[null,null,null,null,50.0,100.0,100.0,14.2857,25.0,33.3333,10.0,100.0,91.6667],"confirmation":[54.6667,54.6667,54.6667,54.6667,28.5053,90.3979,75.6856,82.5199,53.7757,2.6041,75.7015,92.168,55.0],"persistence":[null,null,33.3333,50.0,60.0,33.3333,42.8571,50.0,25.0,12.5,12.5,12.5,12.5],"assessmentRisk":[null,null,null,null,8.0055,14.795,8.451,13.4446,3.4622,44.3074,21.1303,7.3304,25.1437],"volumeParticipation":false,"latest":{"consensus":47.2,"control":38.1,"force":29.1,"direction":70.4,"confirmation":55.0,"persistence":12.5,"assessmentRisk":25.1,"intensity":91.7,"evidenceDepth":50},"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 upward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+47.2","detail":"Price structure has the available support","tone":"positive"},{"label":"SM Control Gauge","value":"+38.1","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+29.1","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+70.4","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"-","detail":"Developing","tone":"neutral"},{"label":"Risk pressure","value":"-","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"94%","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":[154.22,156.08,154.08,153.14,154.18,150.2,154.24,155.36,153.76,153.04,152.54,159.34,159.72],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,154.2203,153.4893,153.6258,153.9411,153.9082,153.7503,153.5303,154.5866,155.5199],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,154.6748],"stroke":"#07865c","width":1.8},{"label":"Upper envelope","values":[null,null,null,null,null,null,null,null,null,156.8093,156.6486,158.3742,159.6014],"stroke":"#98a9b8","width":1.0,"dash":[6,5]},{"label":"Lower envelope","values":[null,null,null,null,null,null,null,null,null,150.8507,150.7768,149.9892,149.614],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"returns","eyebrow":"Observed return path","title":"Completed returns and cumulative progression","description":"Period returns are shown beside the total move recorded across the available tape.","reason":"Selected because direct returns remain fully observable while longer indicators develop.","series":[{"label":"Period return","values":[null,1.2061,-1.2814,-0.6101,0.6791,-2.5814,2.6898,0.7261,-1.0299,-0.4683,-0.3267,4.4578,0.2385],"stroke":"#176fa3","width":1.7},{"label":"Cumulative progression","values":[0.0,1.2061,-0.0908,-0.7003,-0.0259,-2.6067,0.013,0.7392,-0.2983,-0.7651,-1.0894,3.3199,3.5663],"stroke":"#07865c","width":2.0}],"guides":[{"label":"Starting level","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"bar_range","eyebrow":"Completed-bar anatomy","title":"Range expansion and closing direction","description":"The completed range and open-to-close direction expose expansion, compression and control.","reason":"Selected because these measures use every completed bar and do not require a long history.","series":[{"label":"Completed range","values":[1.9582,1.0379,0.8956,0.9926,0.3373,0.1864,0.2075,0.4119,1.5218,1.8296,1.9405,3.3513,0.8014],"stroke":"#b87806","width":1.8},{"label":"Open-to-close direction","values":[1.3938,0.5541,-0.7856,1.0025,0.0779,-0.1595,-0.0907,0.4137,-0.9406,-0.3646,-0.7676,2.9994,0.3392],"stroke":"#176fa3","width":1.8}],"guides":[{"label":"Unchanged close","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"range","eyebrow":"Acceptance map","title":"Range position and boundary pressure","description":"Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.","reason":"Selected because price is testing an observed boundary or moving rapidly through its recent range.","series":[{"label":"Range position","values":[null,null,null,null,null,null,null,87.7551,60.5441,48.2992,39.7958,94.4214,94.4445],"stroke":"#10243b","width":2.0},{"label":"From high","values":[null,null,null,null,null,null,null,-0.4613,-1.4864,-1.9477,-2.2681,-0.3378,-0.3494],"stroke":"#c13f3f","width":1.5},{"label":"From low","values":[null,null,null,null,null,null,null,3.4354,2.3702,1.8908,1.5579,6.0852,6.3382],"stroke":"#07865c","width":1.5}],"guides":[{"label":"Range centre","values":[50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"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 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tape.","series":[{"label":"Drawdown","values":[0.0,0.0,-1.2814,-1.8837,-1.2173,-3.7673,-1.1789,-0.4613,-1.4864,-1.9477,-2.2681,0.0,0.0],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,3.4354,2.3702,1.8908,1.5579,6.0852,6.3382],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","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],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]}]},"canonical_url":"https://sharemaestro.com/terminal/cfcfc768-4107-461a-a857-6ceeb366715e/technical-pack/","technicals_url":"https://sharemaestro.com/terminal/cfcfc768-4107-461a-a857-6ceeb366715e/technicals/","canonical_technicals_url":"https://sharemaestro.com/terminal/cfcfc768-4107-461a-a857-6ceeb366715e/technicals/","distributions":{"pdf":"https://sharemaestro.com/terminal/cfcfc768-4107-461a-a857-6ceeb366715e/technical-pack/download.pdf","json":"https://sharemaestro.com/terminal/cfcfc768-4107-461a-a857-6ceeb366715e/technical-pack/data.json"},"source_fingerprint":"620ad8c5cb175c392850e09d4e0a5c0a9a308526c8e1fcc9acb058ad4109fc4a","content_hash":"af561ca64b22df7ab79115890c5c0b54f5d7ef99c379f924d33f5f6667806365","citation":"Sharemaestro, EX20 Technical Research Pack, completed week 2026-08-14, https://sharemaestro.com/terminal/cfcfc768-4107-461a-a857-6ceeb366715e/technical-pack/","data_notes":{"time_series":"Parallel time-series arrays align by index with their dates array.","events":"Sparse chart markers are published as compact dated event records rather than null-filled arrays.","missing_values":"A remaining null in an aligned series means that observation is genuinely unavailable; zero remains a valid value."},"boundary":"Completed market observations and published proprietary outputs only. Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}