{"schema_version":"1.0","name":"NATE Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"f70fb96a-0e23-4f4f-a252-0235fd935fed","symbol":"NATE","name":"Future of Defence Screened UCITS ETF USD Acc","exchange":"LSE","country":"GB","asset_type":"etf","currency":"USD","sector":null,"industry":null},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","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, Acceleration, deceleration and rollover, Range pressure and compression, Activity pressure and cumulative balance, Range position and boundary pressure, 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":41,"displayedObservations":41,"assetType":"ETF","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Positive Market Dynamics is leading the current price response","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","take":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","tone":"positive","conflict":false},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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":[0.052187,0.658658,0.744147,0.709491,0.585491,0.614267,0.561665,0.537557,0.516953,0.420741,0.535861,0.646052,0.758919],"opens":[8.457,8.394,8.2955,8.165,7.789,8.622,8.333,8.177,8.25,8.283,8.571,9.262,9.297],"highs":[8.662,8.394,8.2955,8.165,7.819,8.622,8.333,8.275,8.255,8.411,9.08,9.352,9.297],"lows":[8.3255,8.394,8.2955,8.165,7.789,8.597,8.2505,8.177,8.147,8.169,8.571,9.175,8.818],"closes":[8.712,8.394,8.2955,8.165,7.819,8.597,8.2505,8.275,8.2395,8.31,9.08,9.352,8.818],"hoverRows":[[{"label":"Open","value":"8.46","className":"is-ohlc","compact":true},{"label":"High","value":"8.66","className":"is-ohlc","compact":true},{"label":"Low","value":"8.33","className":"is-ohlc","compact":true},{"label":"Close","value":"8.71","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.05","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"8.39","className":"is-ohlc","compact":true},{"label":"High","value":"8.39","className":"is-ohlc","compact":true},{"label":"Low","value":"8.39","className":"is-ohlc","compact":true},{"label":"Close","value":"8.39","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.66","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.30","className":"is-ohlc","compact":true},{"label":"High","value":"8.30","className":"is-ohlc","compact":true},{"label":"Low","value":"8.30","className":"is-ohlc","compact":true},{"label":"Close","value":"8.30","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":"8.16","className":"is-ohlc","compact":true},{"label":"High","value":"8.16","className":"is-ohlc","compact":true},{"label":"Low","value":"8.16","className":"is-ohlc","compact":true},{"label":"Close","value":"8.16","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.71","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"7.79","className":"is-ohlc","compact":true},{"label":"High","value":"7.82","className":"is-ohlc","compact":true},{"label":"Low","value":"7.79","className":"is-ohlc","compact":true},{"label":"Close","value":"7.82","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.59","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.62","className":"is-ohlc","compact":true},{"label":"High","value":"8.62","className":"is-ohlc","compact":true},{"label":"Low","value":"8.60","className":"is-ohlc","compact":true},{"label":"Close","value":"8.60","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.61","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.33","className":"is-ohlc","compact":true},{"label":"High","value":"8.33","className":"is-ohlc","compact":true},{"label":"Low","value":"8.25","className":"is-ohlc","compact":true},{"label":"Close","value":"8.25","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.56","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.18","className":"is-ohlc","compact":true},{"label":"High","value":"8.28","className":"is-ohlc","compact":true},{"label":"Low","value":"8.18","className":"is-ohlc","compact":true},{"label":"Close","value":"8.28","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.54","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.25","className":"is-ohlc","compact":true},{"label":"High","value":"8.26","className":"is-ohlc","compact":true},{"label":"Low","value":"8.15","className":"is-ohlc","compact":true},{"label":"Close","value":"8.24","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.52","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.28","className":"is-ohlc","compact":true},{"label":"High","value":"8.41","className":"is-ohlc","compact":true},{"label":"Low","value":"8.17","className":"is-ohlc","compact":true},{"label":"Close","value":"8.31","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.42","note":"Supportive but easing","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"8.57","className":"is-ohlc","compact":true},{"label":"High","value":"9.08","className":"is-ohlc","compact":true},{"label":"Low","value":"8.57","className":"is-ohlc","compact":true},{"label":"Close","value":"9.08","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.54","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal warning","className":"is-caution","wide":true}],[{"label":"Open","value":"9.26","className":"is-ohlc","compact":true},{"label":"High","value":"9.35","className":"is-ohlc","compact":true},{"label":"Low","value":"9.18","className":"is-ohlc","compact":true},{"label":"Close","value":"9.35","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.65","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"Reversal danger","className":"is-negative","wide":true}],[{"label":"Open","value":"9.30","className":"is-ohlc","compact":true},{"label":"High","value":"9.30","className":"is-ohlc","compact":true},{"label":"Low","value":"8.82","className":"is-ohlc","compact":true},{"label":"Close","value":"8.82","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.76","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":[7.72702,9.44398],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.758919,"state":"Positive Market Dynamics ahead of price","context":{"scenario":"dynamicsAhead","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"diagnosis":{"label":"Underlying strength ahead of price","detail":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","annotations":[{"label":"Current tape relationship","value":"Underlying strength ahead of price","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"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":"Leading price","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":13,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[{"date":"2026-08-07","price":9.08}],"reversal_dangers":[{"date":"2026-05-29","price":8.712},{"date":"2026-08-14","price":9.352}]}},"smTape":{"available":true,"dates":["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"],"close":[7.515,7.0032,7.1512,7.2676,7.412,7.422,7.532,7.471,8.2095,8.424,8.302,8.055,7.712,7.7385,7.973,7.6445,7.787,7.7425,7.587,7.121,7.576,7.403,7.7385,7.3425,7.45,7.648,7.8085,8.346,8.712,8.394,8.2955,8.165,7.819,8.597,8.2505,8.275,8.2395,8.31,9.08,9.352,8.818],"consensus":[-100.0,-100.0,100.0,69.9865,0.0,28.9705,50.6223,25.9665,87.9272,74.0133,30.3066,8.3952,-38.853,-13.403,24.5301,-57.058,19.2819,-16.5241,-43.0691,-67.1916,24.5501,-50.5681,37.2292,-38.6361,0.0,25.8629,38.2459,73.8479,79.4234,23.1159,26.1098,0.0,-31.6721,36.2738,-14.786,29.2498,21.1936,14.4187,72.1748,65.7888,11.3219],"supportDates":["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"],"control":[null,null,null,null,null,17.8366,48.8468,20.8252,87.501,70.6532,16.0864,16.9859,-36.8318,-0.441,42.4186,-51.9198,12.0145,-18.7183,-39.6612,-76.0514,34.4063,-39.7712,47.1856,-56.6526,0.0,28.6438,36.0739,77.4337,82.4153,13.3749,18.5937,0.0,-12.755,30.0951,-25.4149,37.7185,19.2768,21.4574,84.786,75.8301,24.916],"force":[-100.0,-100.0,100.0,69.9865,0.0,42.6098,55.569,26.453,98.5754,67.4876,12.0758,25.8693,-45.0148,-7.5695,26.5706,-83.3905,53.0729,-27.1141,-54.0407,-60.2737,79.5345,-79.2713,49.6675,-42.7351,0.0,32.1096,61.7589,87.3846,91.4959,13.0647,0.0127,0.0,-57.6069,27.9202,-40.1721,21.6836,11.0531,20.102,64.4666,46.5225,76.3688],"direction":[null,null,null,null,0.0,31.9526,49.1181,31.4947,80.8084,82.5147,76.8314,61.8767,-36.7616,-32.3834,2.6288,-44.1212,3.4511,-6.4522,-39.1268,-62.0075,25.9887,-42.4052,16.966,-15.1179,0.0,18.223,23.9332,60.0807,67.3809,60.0917,53.3585,0.0,-34.7666,49.3021,-15.4943,24.9757,30.6274,2.3149,63.268,68.0748,50.6763],"intensity":[null,null,null,null,75.0,20.0,50.0,14.2857,100.0,77.7778,30.0,45.4545,75.0,23.0769,42.8571,66.6667,37.5,5.8824,33.3333,89.4737,75.0,52.381,72.7273,73.913,37.5,52.0,30.7692,96.2963,89.2857,58.6207,6.6667,16.129,71.875,100.0,67.6471,5.7143,2.7778,29.7297,97.3684,92.3077,87.5],"confirmation":[54.6667,54.6667,54.6667,45.0624,6.0999,77.8559,84.3769,76.4024,96.4677,91.5366,33.866,33.8381,80.6515,26.9754,52.9726,87.1394,52.6441,50.9104,82.1684,89.1555,37.5925,85.2211,80.1407,80.2139,4.6615,76.4241,80.9884,91.9892,93.7378,31.8967,53.0096,3.9441,79.2137,79.4472,31.3153,77.0003,74.5021,50.0133,90.6689,88.3123,46.8758],"persistence":[null,null,33.3333,0.0,0.0,16.6667,28.5714,37.5,62.5,87.5,87.5,87.5,75.0,50.0,50.0,25.0,25.0,0.0,25.0,50.0,25.0,25.0,25.0,25.0,37.5,12.5,12.5,37.5,37.5,62.5,62.5,75.0,62.5,62.5,37.5,37.5,37.5,37.5,37.5,50.0,50.0],"assessmentRisk":[null,null,null,null,20.3407,32.0543,20.9401,23.5772,5.3565,12.8553,34.2958,43.8632,26.887,42.3785,55.2722,16.683,3.6559,8.991,22.5766,13.3032,40.4791,18.1149,6.9755,52.0277,19.4019,22.6508,6.8178,12.9286,10.2652,37.5218,32.3807,26.6497,33.874,8.1374,1.1783,0.5246,32.1712,42.3096,12.6777,16.7567,50.5172],"volumeParticipation":true,"latest":{"consensus":11.3,"control":24.9,"force":76.4,"direction":50.7,"confirmation":46.9,"persistence":50.0,"assessmentRisk":50.5,"intensity":87.5,"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":"Buyer control supports the view","controlPath":"Broadly stable","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Present","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+11.3","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+24.9","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+76.4","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+50.7","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"47/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"53.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"3.9%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"17.1","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"76%","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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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 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NATE Technical Research Pack, completed week 2026-08-21, https://sharemaestro.com/terminal/f70fb96a-0e23-4f4f-a252-0235fd935fed/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."}