{"schema_version":"1.0","name":"WPP Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"09d1dbd1-493e-4258-9b69-b571dd158b3f","symbol":"WPP","name":"WPP plc","exchange":"LSE","country":"GB","asset_type":"equity","currency":"GBP","sector":"Communication Services","industry":"Advertising Agencies"},"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, Strength versus the research benchmark, Drawdown and recovery pressure, Acceleration, deceleration and rollover, 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":"2026-08-14","observations":260,"displayedObservations":104,"assetType":"Equity","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":15,"completedEpisodes":13,"activeEpisodes":2,"medianExpectedMove":8.4,"averageExpectedMove":14.2,"averageWeeksToLargestMove":6.0,"horizons":[{"weeks":4,"sample":15,"expectedCount":8,"expectedPercent":53.3,"averageReturn":-1.2,"medianReturn":1.6,"confidenceLow":30.1,"confidenceHigh":75.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":13,"expectedCount":6,"expectedPercent":46.2,"averageReturn":2.8,"medianReturn":-0.8,"confidenceLow":23.2,"confidenceHigh":70.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":12,"expectedCount":4,"expectedPercent":33.3,"averageReturn":-9.8,"medianReturn":-9.1,"confidenceLow":13.8,"confidenceHigh":60.9,"confidence":"Mixed historical 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strength ahead of price","tone":"positive","headline":"Underlying strength is leading price","use":"A positive price response is needed before the early upside case is confirmed.","confirm":"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.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"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.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":46.2,"averageReturn":2.8,"sample":13},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"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."}},"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":"Early repair watch","title":"Prepare the case before price confirms the recovery","tone":"recovery","approach":"Use the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.","finding":"In this ticker's completed record, 46.2% of comparable cases moved higher after 12 weeks, with an average move of 2.8% across 13 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 33.3% of completed 12-week outcomes were higher across 3 cases. Distinct visits lasted 12.3 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 improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 14.2% across 13 completed cases, with the largest move arriving after 6.0 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2025-12-19","price":334.399994},{"date":"2026-01-02","price":337.5},{"date":"2026-08-07","price":411.4}],"distribution_rollovers":[{"date":"2025-01-10","price":727.545959}],"price_pressure_gaps":[{"date":"2025-01-03","price":813.492371}]}},"smTape":{"available":true,"dates":["2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-18","2024-10-25","2024-11-01","2024-11-08","2024-11-15","2024-11-22","2024-11-29","2024-12-06","2024-12-13","2024-12-20","2024-12-27","2025-01-03","2025-01-10","2025-01-17","2025-01-24","2025-01-31","2025-02-07","2025-02-14","2025-02-21","2025-02-28","2025-03-07","2025-03-14","2025-03-21","2025-03-28","2025-04-04","2025-04-11","2025-04-18","2025-04-25","2025-05-02","2025-05-09","2025-05-16","2025-05-23","2025-05-30","2025-06-06","2025-06-13","2025-06-20","2025-06-27","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"],"close":[717.6137,723.6088,738.5966,740.595,768.572,779.3632,781.9611,754.929,785.7097,822.087,827.6835,845.6724,822.6866,832.6804,858.6642,867.0589,893.0427,832.6804,827.6835,813.4924,727.546,746.1343,739.3386,772.9177,783.9108,771.9183,753.13,643.5984,638.0019,615.8157,626.8088,595.4284,545.0599,531.2685,536.4652,555.0536,589.6321,592.2304,596.4278,591.231,599.0262,558.686,550.8876,521.4935,516.0947,524.0931,420.7141,418.5146,432.8117,403.3177,367.425,376.0233,401.0182,390.8203,398.7186,399.2185,360.6264,357.727,369.5246,339.6,351.4,361.1,287.5,279.1,288.3,303.2,303.8,295.3,330.5,334.4,327.2,337.5,349.8,315.6,322.3,301.8,267.8,272.9,277.5,275.0,263.4,238.0,227.1,232.7,239.7319,250.1789,271.1729,259.6762,265.5246,274.9219,261.8256,275.8216,281.62,262.7,281.4,271.4,247.2,250.7,274.6,282.4,282.5,298.7,411.4,399.0],"consensus":[0.0,0.0,25.5603,8.7115,51.0841,45.6725,31.2918,-16.8602,49.1143,58.938,38.0594,47.0227,0.0,40.4433,58.5385,39.5548,55.1851,-31.2555,0.0,-32.5092,-75.6612,-12.0437,-38.3733,8.9393,19.0413,-21.482,-31.7398,-73.3882,-37.2374,-69.6442,-26.5853,-69.7398,-78.7352,-43.2633,-46.497,-20.3672,19.6132,0.0,0.0,-9.3436,0.0,-55.6302,-30.6024,-58.8826,-39.06,-20.2072,-79.1907,-43.019,-20.8232,-69.4762,-75.6672,-21.8438,0.0,-44.2795,0.0,-16.458,-69.7932,-35.5558,-12.3745,-65.9683,-8.3776,0.0,-75.4934,-43.9611,-27.302,-15.2305,-15.3499,-21.4044,40.0723,15.6367,0.0,27.6997,35.6201,-42.8701,0.0,-42.6477,-63.5439,-24.3593,-17.6364,-23.4124,-27.3809,-56.5489,-51.798,-18.9373,-12.7684,0.0,38.3591,-10.4487,16.1169,27.1203,-19.666,30.9871,26.9699,-26.6704,30.0259,-12.0883,-34.5386,0.0,32.0783,30.2232,18.6943,43.1816,83.2606,30.9438],"supportDates":["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"],"control":[0.0,-52.5679,0.0,-30.259,-72.8599,-36.7492,-7.3769,-72.2192,-7.674,0.0,-76.6674,-38.6449,-29.5914,-16.9585,-27.0776,-30.7002,33.8979,5.2668,0.0,21.3111,32.2565,-48.0156,0.0,-45.9029,-61.9601,-22.2388,-11.2344,-18.9021,-28.2109,-61.591,-53.7977,-10.0535,-6.2788,0.0,32.5424,-24.1639,8.5373,20.8885,-22.5493,26.5666,24.9489,-35.2444,27.9901,-19.5282,-35.3118,0.0,44.9493,27.7924,7.8612,33.4048,80.5538,26.475],"force":[0.0,-32.2071,0.0,-4.1266,-89.7812,-14.1296,-21.2327,-73.978,-26.0783,0.0,-98.4457,-32.8324,-15.1525,-32.0653,-4.3462,-13.0847,75.9884,18.9258,0.0,29.2586,36.3268,-68.5455,0.0,-51.4205,-86.1045,-1.015,-5.4894,-13.3707,-24.6849,-58.6978,-45.6636,-10.274,-14.9062,0.0,63.4169,-20.3259,22.6848,31.5518,-35.0038,41.9819,20.1582,-37.4532,26.4711,-24.4734,-32.1369,0.0,40.4697,30.3661,6.9142,46.7585,99.931,21.5085],"direction":[0.0,-43.4303,0.0,-15.3886,-52.0113,-49.4963,-42.0912,-53.1031,-33.7931,0.0,-57.7572,-57.9857,-55.0102,-47.0382,-16.0153,-16.7235,21.4745,25.1385,0.0,33.8876,38.9596,-18.6501,0.0,-32.661,-49.2391,-44.9074,-41.4713,-35.7397,-28.358,-49.2516,-53.8944,-49.9555,-39.9527,0.0,27.1084,-12.2809,20.0879,31.0771,-5.4151,28.1856,34.1449,-9.1696,34.8918,-5.2608,-35.3704,0.0,11.3747,32.8992,39.4893,51.8001,74.4466,73.5169],"intensity":[40.3846,21.1538,3.8462,3.8462,73.0769,67.3077,9.6154,53.8462,32.6923,9.6154,90.3846,90.3846,36.5385,28.8462,15.3846,17.3077,65.3846,69.2308,3.8462,13.4615,21.1538,67.3077,44.2308,44.2308,80.7692,38.4615,1.9231,28.8462,38.4615,57.6923,51.9231,3.8462,13.4615,42.3077,55.7692,19.2308,3.8462,21.1538,32.6923,36.5385,34.6154,51.9231,51.9231,19.2308,78.8462,3.8462,69.2308,48.0769,34.6154,53.8462,100.0,98.0769],"confirmation":[33.6363,81.6752,28.5442,50.6426,90.8963,78.7067,7.5414,89.2587,7.2048,5.2445,92.8395,81.8094,33.3071,32.9133,50.3935,74.4542,82.0118,50.5953,27.631,77.0088,79.4712,82.4225,48.5113,81.865,89.0457,52.6039,51.5408,75.2547,76.6671,86.0843,84.3579,30.1635,6.5214,27.1588,81.1272,28.7222,73.4731,76.9085,52.0499,78.3183,76.4536,76.7325,77.531,50.588,78.9674,4.7455,78.3247,77.7128,28.4549,82.0761,95.1927,43.6267],"persistence":[87.5,87.5,75.0,75.0,75.0,75.0,75.0,75.0,87.5,75.0,87.5,87.5,87.5,87.5,87.5,87.5,62.5,50.0,37.5,12.5,12.5,12.5,25.0,25.0,0.0,25.0,37.5,62.5,87.5,87.5,100.0,100.0,100.0,87.5,62.5,62.5,37.5,12.5,12.5,12.5,37.5,25.0,25.0,25.0,0.0,12.5,12.5,12.5,12.5,37.5,37.5,62.5],"assessmentRisk":[35.8311,3.4566,40.882,39.397,7.5578,20.8159,29.5954,16.7503,16.7586,8.0859,12.0365,27.1418,35.6277,41.457,36.4403,39.6515,25.738,34.332,38.5709,32.7092,15.2604,9.7528,12.7993,27.2993,18.2097,36.7349,40.4108,33.1186,2.0364,20.4976,23.9446,40.0219,38.867,31.7191,30.5041,52.4534,39.0459,34.9136,22.1816,26.967,28.8232,22.4298,31.0016,11.2898,31.9446,33.6354,36.9531,17.1067,40.0284,28.2807,8.346,34.4475],"volumeParticipation":true,"latest":{"consensus":30.9,"control":26.5,"force":21.5,"direction":73.5,"confirmation":43.6,"persistence":62.5,"assessmentRisk":34.4,"intensity":98.1,"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":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+30.9","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+26.5","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+21.5","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+73.5","detail":"Upward 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