{"schema_version":"1.0","name":"URAS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"d972dcb4-71f7-48d1-bc40-067038aaebf1","symbol":"URAS","name":"Leverage Shares -3x Short Uranium 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, Drawdown and recovery pressure, Activity pressure and cumulative balance, Range position and boundary 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":"2026-08-21","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":[12.25342,10.3125,8.0475,6.11125,5.71,5.7275,4.729,7.49375,6.92,7.67,7.61375,6.9725,8.75,8.25,8.89375,11.8725,11.755,10.555,9.685,6.995,6.385],"highs":[12.25342,10.3125,8.0475,6.4125,6.46875,5.755,6.83,8.31,6.92,7.67,7.61375,6.9725,8.75,8.25,8.89375,11.8725,11.755,12.205,9.685,6.995,7.485],"lows":[9.20399,7.6275,5.81,4.92,5.5625,4.6295,4.729,7.15375,6.505,7.67,7.61375,6.9725,8.455,8.25,8.89375,11.8725,9.3775,10.555,6.91375,6.5575,6.385],"closes":[9.40526,7.6275,5.81,5.6725,5.5625,5.27375,6.805,7.15375,6.56875,7.67,7.61375,6.9725,8.455,8.25,8.89375,11.8725,10.1525,10.8775,6.91375,6.62875,7.11],"hoverRows":[[{"label":"Open","value":"12.3","className":"is-ohlc","compact":true},{"label":"High","value":"12.3","className":"is-ohlc","compact":true},{"label":"Low","value":"9.20","className":"is-ohlc","compact":true},{"label":"Close","value":"9.41","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":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"10.6","className":"is-ohlc","compact":true},{"label":"High","value":"12.2","className":"is-ohlc","compact":true},{"label":"Low","value":"10.6","className":"is-ohlc","compact":true},{"label":"Close","value":"10.9","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":"9.69","className":"is-ohlc","compact":true},{"label":"High","value":"9.69","className":"is-ohlc","compact":true},{"label":"Low","value":"6.91","className":"is-ohlc","compact":true},{"label":"Close","value":"6.91","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":"7.00","className":"is-ohlc","compact":true},{"label":"High","value":"7.00","className":"is-ohlc","compact":true},{"label":"Low","value":"6.56","className":"is-ohlc","compact":true},{"label":"Close","value":"6.63","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":"6.38","className":"is-ohlc","compact":true},{"label":"High","value":"7.49","className":"is-ohlc","compact":true},{"label":"Low","value":"6.38","className":"is-ohlc","compact":true},{"label":"Close","value":"7.11","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":[4.877825,12.268425],"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":"2026-04-03","price":9.40526},{"date":"2026-07-10","price":8.89375},{"date":"2026-07-17","price":11.8725}],"reversal_dangers":[{"date":"2026-04-10","price":7.6275},{"date":"2026-07-24","price":10.1525}]}},"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":[9.4053,7.6275,5.81,5.6725,5.5625,5.2737,6.805,7.1537,6.5687,7.67,7.6137,6.9725,8.455,8.25,8.8938,11.8725,10.1525,10.8775,6.9138,6.6288,7.11],"consensus":[-86.7995,-100.0,-100.0,0.0,-60.9791,-30.2814,19.2301,0.0,-20.4742,21.3088,0.0,-10.7635,29.4879,11.8606,28.7648,55.1075,0.0,30.1922,-49.3195,-41.4461,-6.8215],"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,-24.0081,25.8175,0.0,-29.634,15.0133,0.0,-11.9669,6.7289,8.8417,25.9697,53.1985,0.0,23.2485,-58.7664,-42.265,-0.7958],"force":[-86.7995,-100.0,-100.0,0.0,-38.8149,-10.6383,36.2353,0.0,-31.6156,21.8676,0.0,-10.3337,49.9763,0.1864,14.0863,30.6386,0.0,12.3731,-52.6143,-36.1467,-25.6],"direction":[null,null,null,null,-76.8107,-51.4818,0.4449,0.0,-2.0476,28.1046,0.0,-9.6952,40.8636,23.916,42.4438,74.7669,0.0,50.8558,-36.1696,-44.2955,-36.8661],"intensity":[null,null,null,null,25.0,40.0,50.0,100.0,37.5,33.3333,10.0,18.1818,75.0,15.3846,35.7143,100.0,93.75,47.0588,100.0,89.4737,10.0],"confirmation":[50.4425,54.6667,54.6667,0.268,63.8334,77.187,51.9998,3.274,52.085,74.9318,24.989,71.4129,55.7407,48.8474,76.8,84.9178,30.7017,77.2243,83.7387,81.0888,6.7479],"persistence":[null,null,100.0,75.0,80.0,83.3333,57.1429,50.0,50.0,25.0,12.5,25.0,0.0,25.0,25.0,37.5,50.0,50.0,37.5,37.5,25.0],"assessmentRisk":[null,null,null,null,19.5002,34.5908,25.5271,45.748,47.9576,38.2332,29.3891,3.7994,32.6109,20.0814,30.2231,22.4402,42.1163,33.856,17.1374,29.1402,44.4414],"volumeParticipation":true,"latest":{"consensus":-6.8,"control":-0.8,"force":-25.6,"direction":-36.9,"confirmation":6.7,"persistence":25.0,"assessmentRisk":44.4,"intensity":10.0,"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":"Control support is limited","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-6.8","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-0.8","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-25.6","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-36.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"7/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"30.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"26.6%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"-","detail":"Developing","tone":"neutral"},{"label":"Range position","value":"33%","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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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}