{"schema_version":"1.0","name":"OBS Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"0e4a3209-03b1-4c2f-844c-2d2eed2eaca7","symbol":"OBS","name":"ORBIS AG","exchange":"GER","country":"DE","asset_type":"equity","currency":"EUR","sector":"Technology","industry":"Information Technology Services"},"summary":"Market Dynamics paused slightly this week and remains positive. The broader path has not changed enough to establish a new direction. 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adverse"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.3,"sample":18},{"week":2,"averageReturn":-0.4,"sample":17},{"week":3,"averageReturn":-1.5,"sample":17},{"week":4,"averageReturn":-2.1,"sample":17},{"week":5,"averageReturn":-2.4,"sample":17},{"week":6,"averageReturn":-2.2,"sample":17},{"week":7,"averageReturn":-2.1,"sample":17},{"week":8,"averageReturn":-2.7,"sample":16},{"week":9,"averageReturn":-3.0,"sample":16},{"week":10,"averageReturn":-2.7,"sample":16},{"week":11,"averageReturn":-4.6,"sample":16},{"week":12,"averageReturn":-5.3,"sample":16},{"week":13,"averageReturn":-4.9,"sample":16},{"week":14,"averageReturn":-4.8,"sample":16},{"week":15,"averageReturn":-3.6,"sample":16},{"week":16,"averageReturn":-3.5,"sample":16},{"week":17,"averageReturn":-2.9,"sample":16},{"week":18,"averageReturn":-3.6,"sample":16},{"week":19,"averageReturn":-4.5,"sample":16},{"week":20,"averageReturn":-6.2,"sample":16},{"week":21,"averageReturn":-7.0,"sample":16},{"week":22,"averageReturn":-6.8,"sample":16},{"week":23,"averageReturn":-7.4,"sample":16},{"week":24,"averageReturn":-6.6,"sample":16},{"week":25,"averageReturn":-6.1,"sample":16},{"week":26,"averageReturn":-6.4,"sample":16}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Countertrend conflict","tone":"caution","headline":"Market Dynamics is positive while price remains rotational","use":"Treat the improvement as context until price establishes a clear response.","confirm":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"weakening","zone":"accumulation","zoneContext":"Price is testing accumulation conditions and a recent green marker confirms a recovery through the zone. Market Dynamics is now read for follow-through.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":31.2,"averageReturn":-5.3,"sample":16},"nowContext":{"label":"Slightly easier this week","detail":"Market Dynamics paused slightly this week and remains positive."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price remains downward while Market Dynamics is positive","detail":"The positive Market Dynamics reading has not yet reversed the downward price structure."}},"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, 31.2% of comparable cases moved higher after 12 weeks, with an average move of -5.3% across 16 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, 66.7% of completed 12-week outcomes were higher across 3 cases. Distinct visits lasted 1.8 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 3.6% across 16 completed cases, with the largest move arriving after 4.8 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":"2026-06-12","price":5.2},{"date":"2026-07-10","price":4.92},{"date":"2026-07-24","price":4.86}],"distribution_rollovers":[{"date":"2025-06-27","price":6.86}],"price_pressure_gaps":[]}},"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":[5.8881,5.8398,5.7916,5.6468,5.6468,5.7433,5.8398,5.8398,5.6468,5.6468,5.7433,5.7916,5.7916,5.7433,5.6468,5.5985,5.7433,5.5985,5.5985,5.6468,5.6468,5.5985,5.7433,5.7433,5.7433,5.7433,5.6951,5.6951,5.5503,5.6468,5.5503,5.5985,5.5985,5.6468,5.6468,5.6468,5.7433,5.9364,6.3225,6.3225,6.566,7.154,7.056,7.252,6.86,6.713,6.321,6.125,5.88,5.439,5.733,5.684,5.733,5.684,5.733,5.88,5.831,5.733,5.782,5.733,5.537,5.782,5.635,5.88,5.88,5.88,5.831,5.88,5.782,5.537,5.684,5.684,5.733,5.586,6.027,5.929,5.439,5.537,5.684,4.704,4.9,5.047,4.998,4.998,4.949,4.7432,4.8216,4.7236,4.5276,4.4884,4.4688,4.6648,5.0,5.4,5.2,5.1,4.82,4.76,4.92,4.78,4.86,4.76,4.74,4.66],"consensus":[14.4593,-14.5295,-8.1909,-50.3971,-10.057,9.9118,30.7694,27.1087,-40.1269,-11.3139,0.0,17.3012,23.447,-12.0772,-42.7252,-36.4527,25.2748,-51.321,0.0,18.6752,-17.0296,-21.8029,43.4756,14.9729,9.8841,23.8223,-19.8378,-13.4059,-61.326,21.9836,-52.0115,0.0,0.0,26.1778,0.0,-8.15,49.3665,66.3036,82.288,43.5299,82.3001,84.4766,20.1915,72.6895,0.0,-11.7907,-49.0084,-48.4183,-68.7485,-80.9764,-12.2736,-43.3332,-14.7973,-15.9946,-13.4588,13.1343,-19.1606,-22.6272,8.4197,-20.6165,-48.0364,24.2173,-33.5793,34.3772,0.0,12.4289,0.0,12.7507,-17.9754,-53.9009,8.9046,0.0,-10.433,-32.6296,57.9668,0.0,-58.2401,-19.826,12.9167,-71.5498,0.0,0.0,-21.0895,0.0,-32.5157,-55.1297,0.0,-48.4858,-65.0193,-47.8869,-48.8616,0.0,54.3917,52.4261,14.3945,27.0565,-15.8342,-25.2493,-10.8095,-43.0359,16.4133,-28.4103,-19.8935,-33.9187],"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":[-9.1306,-19.3301,-14.2683,5.1076,-30.7301,-30.0352,15.1191,-18.2809,-49.8187,29.0152,-32.0377,28.8593,0.0,11.6678,0.0,16.5477,-20.0601,-47.7294,18.1917,0.0,-14.7685,-39.4515,49.9805,0.0,-58.8067,-26.6073,18.2712,-65.6615,0.0,0.0,-6.0517,0.0,-47.4093,-65.5011,0.0,-57.2047,-62.8461,-57.2968,-56.2586,0.0,47.5616,53.3997,11.4381,25.6567,-11.5704,-22.4109,-11.4657,-45.5758,22.4427,-38.8325,-17.3443,-31.8149],"force":[-16.6497,-1.912,-11.1026,47.3103,-13.2997,-14.1584,27.844,-10.9968,-43.5007,54.9992,-42.0056,67.9236,0.0,11.5903,0.0,14.1053,-25.0358,-80.8366,34.9873,0.0,-9.2473,-47.6314,91.9264,0.0,-80.7288,-6.9756,49.2898,-93.622,0.0,0.0,-4.2693,0.0,-16.8984,-44.6555,0.0,-35.5982,-80.9475,-25.9182,-29.0439,0.0,92.6003,43.0907,27.9622,15.6039,-15.2509,-16.5292,-6.7728,-58.6423,29.0694,-33.8068,-16.9245,-46.6307],"direction":[-43.7358,-22.2415,-30.0776,2.1037,-10.1247,-20.2099,13.1111,-30.157,-49.2394,3.253,-29.3224,16.7216,0.0,13.8978,0.0,7.4436,-10.5498,-41.7141,20.3398,0.0,-6.3249,-14.1175,42.8371,0.0,-41.5292,-21.2546,19.1835,-62.5133,0.0,0.0,-50.2901,0.0,-26.6495,-50.7582,0.0,-47.7267,-56.1258,-52.8246,-54.5634,0.0,34.9058,57.9816,48.0281,36.8367,-21.1237,-34.7218,-12.9429,-28.9857,0.4827,-12.6447,-24.9275,-27.243],"intensity":[82.6923,25.0,57.6923,75.0,57.6923,61.5385,38.4615,26.9231,69.2308,75.0,78.8462,73.0769,82.6923,71.1538,59.6154,23.0769,36.5385,76.9231,50.0,1.9231,61.5385,55.7692,96.1538,75.0,98.0769,30.7692,40.3846,100.0,96.1538,90.3846,25.0,3.8462,34.6154,44.2308,13.4615,23.0769,44.2308,44.2308,11.5385,44.2308,76.9231,98.0769,61.5385,34.6154,78.8462,13.4615,53.8462,26.9231,17.3077,44.2308,40.3846,19.2308],"confirmation":[30.0817,49.9716,28.5812,28.4823,73.7765,74.8697,28.6479,74.3397,83.2063,54.6419,79.0257,80.1071,25.4847,71.9633,3.2066,49.397,73.9355,86.1632,30.5087,26.1954,48.5697,78.7947,87.706,7.6688,87.3136,51.1827,31.9194,91.6583,12.0883,9.3849,29.1319,4.0134,77.7021,85.1642,7.0558,82.9898,89.3247,82.5109,82.919,31.2958,86.6739,84.477,31.9924,76.3304,73.1141,75.8573,48.6594,82.2084,50.8794,77.097,74.3143,44.64],"persistence":[100.0,100.0,100.0,75.0,75.0,75.0,50.0,50.0,50.0,25.0,25.0,25.0,12.5,12.5,0.0,25.0,25.0,0.0,25.0,12.5,0.0,25.0,12.5,25.0,25.0,25.0,25.0,37.5,25.0,12.5,37.5,37.5,37.5,37.5,50.0,50.0,62.5,75.0,75.0,75.0,50.0,25.0,12.5,12.5,12.5,12.5,12.5,0.0,0.0,25.0,50.0,75.0],"assessmentRisk":[15.5705,42.8695,6.7294,28.3066,31.1396,23.5508,7.8909,23.9082,22.5885,1.095,22.4313,23.082,45.5225,25.5596,45.5422,6.3753,23.3603,22.2571,42.5389,41.6554,10.9234,32.9324,19.1327,44.7983,15.4662,1.6294,52.5916,14.159,43.5362,40.9133,37.6749,36.1521,23.461,8.1913,20.0965,11.3462,11.3487,11.4271,17.7986,13.1712,22.5902,23.7832,42.7634,35.499,27.5327,37.1901,38.8329,24.3597,1.5416,14.2052,26.2903,10.1352],"volumeParticipation":true,"latest":{"consensus":-33.9,"control":-31.8,"force":-46.6,"direction":-27.2,"confirmation":44.6,"persistence":75.0,"assessmentRisk":10.1,"intensity":19.2,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-33.9","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-31.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-46.6","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-27.2","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"45/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"41.6","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"5.7%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"19.2","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"19%","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 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