{"schema_version":"1.0","name":"1202 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"0e83b034-ad44-4f08-b5ac-92e529949fbc","symbol":"1202","name":"Middle East Company for Manufacturing and Producing Paper","exchange":"SAU","country":"SA","asset_type":"equity","currency":"SAR","sector":"Basic Materials","industry":"Paper & Paper Products"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has contracted across the recent completed path. Price has not yet established a clear direction.","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, 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":"2026-08-14","observations":260,"displayedObservations":104,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. 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A green marker is required before the recovery is treated as confirmed.","tone":"caution"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Price is within accumulation conditions while Market Dynamics is improving. 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.4,"sample":20},{"week":2,"averageReturn":1.3,"sample":20},{"week":3,"averageReturn":1.1,"sample":20},{"week":4,"averageReturn":1.0,"sample":20},{"week":5,"averageReturn":-0.4,"sample":20},{"week":6,"averageReturn":-0.6,"sample":20},{"week":7,"averageReturn":-0.1,"sample":20},{"week":8,"averageReturn":1.0,"sample":20},{"week":9,"averageReturn":0.9,"sample":19},{"week":10,"averageReturn":-0.1,"sample":19},{"week":11,"averageReturn":-1.6,"sample":19},{"week":12,"averageReturn":-1.9,"sample":19},{"week":13,"averageReturn":-0.8,"sample":19},{"week":14,"averageReturn":-1.8,"sample":19},{"week":15,"averageReturn":-2.5,"sample":19},{"week":16,"averageReturn":-2.5,"sample":19},{"week":17,"averageReturn":-4.0,"sample":18},{"week":18,"averageReturn":-4.8,"sample":18},{"week":19,"averageReturn":-4.4,"sample":18},{"week":20,"averageReturn":-4.0,"sample":18},{"week":21,"averageReturn":-3.0,"sample":18},{"week":22,"averageReturn":-3.8,"sample":18},{"week":23,"averageReturn":-4.7,"sample":18},{"week":24,"averageReturn":-4.3,"sample":18},{"week":25,"averageReturn":-5.1,"sample":18},{"week":26,"averageReturn":-6.3,"sample":18}]}},"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":"Support weakening","tone":"caution","headline":"Positive Market Dynamics has weakened over four weeks","use":"Use the weaker four-week path as caution until price and Market Dynamics establish clearer agreement.","confirm":"Treat the weaker support as caution until price and Market Dynamics establish clearer agreement.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"accumulation","zoneContext":"Price is within accumulation conditions while Market Dynamics is improving. A green marker is required before the recovery is treated as confirmed.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"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":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 12.0 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 9.4% across 19 completed cases, with the largest move arriving after 5.5 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":"2026-05-22","price":19.0}],"distribution_rollovers":[{"date":"2024-09-27","price":44.0}],"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":[40.35,43.95,42.0,42.35,44.75,44.0,41.3,40.0,40.3,39.7,40.0,38.9,38.9,37.3,35.8,36.65,37.25,36.0,35.1,36.3,37.0,37.8,37.9,38.05,38.0,36.1,36.5,34.25,30.25,29.6,29.0,31.2,29.75,26.7,28.55,28.5,27.7,26.35,28.55,28.85,28.25,27.95,26.7,25.0,27.75,28.32,29.88,29.5,27.8,27.94,28.46,28.02,27.0,28.28,27.58,25.7,27.34,27.68,28.08,27.42,27.6,26.6,27.02,26.54,25.7,25.38,23.83,23.6,23.66,22.69,22.2,22.03,20.3,20.09,20.46,20.72,19.85,19.95,19.15,17.15,17.15,16.6,16.88,17.24,17.6,17.21,17.98,16.61,17.49,17.83,18.11,19.0,19.0,18.39,18.31,18.22,17.5,18.01,17.23,16.81,16.3,15.89,17.27,18.74],"consensus":[22.4972,65.5964,-11.5547,28.4982,65.1913,0.0,-36.5708,-38.3985,-22.7065,-32.5249,-16.4295,-38.804,-19.9922,-54.5234,-61.6909,-16.453,-10.5755,-46.4174,-40.6517,0.0,0.0,14.7133,0.0,10.0803,8.5828,-51.9682,0.0,-63.6617,-79.2341,-45.6773,-57.7248,0.0,-41.6776,-61.1789,-18.5579,-27.1766,-48.4261,-54.7988,17.827,-8.4866,-23.1465,-8.3885,-46.5558,-47.3718,24.1215,0.0,48.0262,0.0,-29.5438,0.0,8.2643,-18.3585,-37.6833,27.3638,-20.4979,-54.3198,24.7127,9.8547,13.3209,-14.9804,8.1992,-34.5389,0.0,-31.3154,-45.7502,-27.2238,-62.1322,-37.8645,-34.1294,-59.9357,-55.6363,-26.9247,-72.6697,-54.0984,-23.7265,-29.4019,-59.6052,-18.5021,-54.7297,-80.4907,-22.3111,-59.7254,-19.5685,-8.2296,0.0,-36.2973,28.302,-60.5752,20.1196,14.3118,10.0411,48.3098,22.8348,-11.1488,0.0,-14.4416,-39.7953,11.5073,-40.0741,-40.7953,-40.148,-45.5047,27.1919,60.8392],"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":[-46.5747,29.8071,-21.9945,-57.3987,29.558,15.8668,6.4432,-23.4554,5.9514,-33.9493,0.0,-32.8377,-47.4299,-25.5837,-65.6559,-34.8213,-32.9821,-66.4208,-62.8759,-15.9784,-71.5957,-58.5384,-19.2058,-32.7579,-67.9744,-18.282,-57.8797,-84.717,-7.1582,-61.3792,-4.4122,-10.2806,0.0,-46.4307,19.4946,-66.4541,19.781,6.664,4.6018,38.558,15.207,-18.9393,0.0,-17.7337,-45.7189,14.8517,-43.6321,-47.259,-44.4277,-49.2798,30.5236,53.6211],"force":[-45.4751,48.6332,-27.6664,-66.3818,52.0106,18.7283,22.3323,-40.5203,16.6248,-49.9844,0.0,-42.0841,-53.2376,-15.5649,-66.9833,-18.2632,-10.6464,-51.7173,-42.4715,-4.8146,-85.6712,-34.0028,-17.1377,-6.2025,-65.4228,-9.0211,-51.1111,-95.4067,-10.2436,-51.2654,-12.4574,-31.816,0.0,-43.2625,79.4919,-83.8098,68.9078,37.74,21.8884,70.5682,8.5892,-38.9934,0.0,-21.8239,-47.9479,27.4829,-50.6506,-35.7468,-31.0254,-35.1395,59.811,89.2684],"direction":[-21.9561,9.3791,-13.6672,-42.1855,0.3234,3.3547,14.7442,-12.9481,4.7499,-24.1803,0.0,-21.8837,-38.4825,-37.4261,-54.6398,-55.3434,-52.2141,-58.3945,-56.7657,-55.2277,-64.6102,-63.3782,-58.0816,-50.9981,-45.885,-38.4131,-53.7142,-65.0062,-62.882,-63.8782,-59.7658,-34.4895,0.0,-19.7411,1.8033,-37.2603,14.3421,6.3178,7.7952,43.5557,41.7276,-17.6435,0.0,-5.4063,-27.2022,3.726,-28.4531,-37.0144,-41.773,-48.5938,0.0849,48.782],"intensity":[26.9231,44.2308,17.3077,71.1538,65.3846,15.3846,65.3846,17.3077,1.9231,30.7692,5.7692,17.3077,30.7692,51.9231,61.5385,59.6154,1.9231,32.6923,11.5385,65.3846,71.1538,3.8462,30.7692,36.5385,30.7692,25.0,32.6923,80.7692,80.7692,23.0769,30.7692,15.3846,23.0769,5.7692,40.3846,67.3077,44.2308,42.3077,55.7692,48.0769,61.5385,55.7692,61.5385,3.8462,36.5385,17.3077,44.2308,59.6154,42.3077,11.5385,82.6923,82.6923],"confirmation":[80.1606,77.3674,74.755,85.703,54.0685,49.3813,49.9754,30.8719,25.5814,79.5322,3.8702,78.3259,82.8427,76.3813,87.9764,79.5657,78.2232,86.8301,85.2921,53.4422,91.6669,84.6314,32.7387,54.9289,87.1234,29.6764,85.3552,94.1472,8.5636,86.8291,8.1744,30.8358,29.97,79.673,56.0843,88.0026,33.6566,28.077,26.3238,84.2861,74.9892,30.7281,24.0768,50.1295,80.8927,50.2465,81.0918,80.8022,80.5041,82.1881,54.9781,88.445],"persistence":[12.5,0.0,25.0,37.5,12.5,0.0,0.0,0.0,25.0,0.0,12.5,12.5,12.5,37.5,62.5,62.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,62.5,62.5,37.5,12.5,12.5,37.5,50.0,50.0,37.5,37.5,12.5,12.5,12.5,37.5,62.5,62.5,50.0,25.0],"assessmentRisk":[9.8388,0.6344,19.4917,19.7981,0.2028,29.7471,14.689,54.321,8.5079,23.582,40.3282,21.0468,25.2954,29.7243,18.85,30.9275,32.4245,20.0192,21.8659,36.2954,13.6632,22.9351,37.7397,33.9193,1.1434,1.6028,20.9906,9.7506,38.7915,20.1305,40.0366,10.0931,27.0528,54.4471,31.4342,3.5787,16.7654,25.1116,2.8993,25.5241,37.9075,40.8705,14.342,35.493,29.1549,31.9736,25.9644,28.3188,28.6477,27.2291,10.4161,19.0235],"volumeParticipation":true,"latest":{"consensus":60.8,"control":53.6,"force":89.3,"direction":48.8,"confirmation":88.4,"persistence":25.0,"assessmentRisk":19.0,"intensity":82.7,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"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":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+60.8","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+53.6","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+89.3","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+48.8","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"88/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"51.4","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"6.7%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"32.4","detail":"Directional","tone":"positive"},{"label":"Range position","value":"70%","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 is rotating through its trend references.","series":[{"label":"Close","values":[40.35,43.95,42.0,42.35,44.75,44.0,41.3,40.0,40.3,39.7,40.0,38.9,38.9,37.3,35.8,36.65,37.25,36.0,35.1,36.3,37.0,37.8,37.9,38.05,38.0,36.1,36.5,34.25,30.25,29.6,29.0,31.2,29.75,26.7,28.55,28.5,27.7,26.35,28.55,28.85,28.25,27.95,26.7,25.0,27.75,28.32,29.88,29.5,27.8,27.94,28.46,28.02,27.0,28.28,27.58,25.7,27.34,27.68,28.08,27.42,27.6,26.6,27.02,26.54,25.7,25.38,23.83,23.6,23.66,22.69,22.2,22.03,20.3,20.09,20.46,20.72,19.85,19.95,19.15,17.15,17.15,16.6,16.88,17.24,17.6,17.21,17.98,16.61,17.49,17.83,18.11,19.0,19.0,18.39,18.31,18.22,17.5,18.01,17.23,16.81,16.3,15.89,17.27,18.74],"stroke":"#10243b","width":2.1},{"label":"Fast 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