{"schema_version":"1.0","name":"4003 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"0ff3897e-02db-422e-abd4-a0336a4012a1","symbol":"4003","name":"United Electronics Company","exchange":"SAU","country":"SA","asset_type":"equity","currency":"SAR","sector":"Consumer Cyclical","industry":"Specialty Retail"},"summary":"Market Dynamics improved this week but remains below zero. The broader path has not changed enough to establish a new direction. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":19,"completedEpisodes":19,"activeEpisodes":0,"medianExpectedMove":6.3,"averageExpectedMove":7.0,"averageWeeksToLargestMove":5.7,"horizons":[{"weeks":4,"sample":19,"expectedCount":11,"expectedPercent":57.9,"averageReturn":0.4,"medianReturn":0.9,"confidenceLow":36.3,"confidenceHigh":76.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":19,"expectedCount":11,"expectedPercent":57.9,"averageReturn":1.1,"medianReturn":0.9,"confidenceLow":36.3,"confidenceHigh":76.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":19,"expectedCount":11,"expectedPercent":57.9,"averageReturn":2.8,"medianReturn":1.8,"confidenceLow":36.3,"confidenceHigh":76.9,"confidence":"Mixed historical 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consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.6,"sample":6},{"week":2,"averageReturn":-1.7,"sample":6},{"week":3,"averageReturn":-2.1,"sample":6},{"week":4,"averageReturn":-2.4,"sample":6},{"week":5,"averageReturn":-3.1,"sample":6},{"week":6,"averageReturn":-2.1,"sample":6},{"week":7,"averageReturn":-2.5,"sample":6},{"week":8,"averageReturn":-2.6,"sample":6},{"week":9,"averageReturn":-2.9,"sample":6},{"week":10,"averageReturn":-2.6,"sample":6},{"week":11,"averageReturn":-2.6,"sample":6},{"week":12,"averageReturn":-2.2,"sample":6},{"week":13,"averageReturn":-3.8,"sample":6},{"week":14,"averageReturn":-2.5,"sample":6},{"week":15,"averageReturn":-3.8,"sample":6},{"week":16,"averageReturn":-3.6,"sample":6},{"week":17,"averageReturn":-3.8,"sample":6},{"week":18,"averageReturn":-4.6,"sample":6},{"week":19,"averageReturn":-5.5,"sample":6},{"week":20,"averageReturn":-5.2,"sample":6},{"week":21,"averageReturn":-6.0,"sample":6},{"week":22,"averageReturn":-5.8,"sample":6},{"week":23,"averageReturn":-6.2,"sample":6},{"week":24,"averageReturn":-5.4,"sample":6},{"week":25,"averageReturn":-4.8,"sample":6},{"week":26,"averageReturn":-5.3,"sample":6}]},"currentApplication":{"status":"Countertrend conflict","tone":"caution","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","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":"negative","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,"direction":"lower","percent":55.0,"averageReturn":-0.4,"sample":20},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price structure is downward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"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":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 55.0% of comparable cases moved lower after 12 weeks, with an average move of -0.4% across 20 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, 100.0% of completed 12-week outcomes were higher across 2 cases. Distinct visits lasted 3.7 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 7.0% across 19 completed cases, with the largest move arriving after 5.7 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."},{"eyebrow":"Position management","title":"Size for the path, not only the eventual long reward","tone":"positive","finding":"Across 1 completed accumulation cycles, the average gross long opportunity was 34.8%, while the average adverse move was 4.3%.","approach":"Scale exposure only as confirmation improves, and keep enough risk capacity to survive the ticker's observed adverse path.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"distribution_rollovers":[{"date":"2024-11-15","price":83.901573},{"date":"2025-04-11","price":84.988876},{"date":"2025-05-09","price":85.648445},{"date":"2025-09-05","price":84.853996},{"date":"2025-10-24","price":84.805809},{"date":"2025-12-05","price":85.335846}],"price_pressure_gaps":[{"date":"2025-01-10","price":87.547562},{"date":"2025-04-18","price":88.569344},{"date":"2025-08-08","price":86.636848},{"date":"2025-08-29","price":87.215065},{"date":"2025-10-03","price":86.347733},{"date":"2025-11-14","price":89.335205}]}},"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":[81.5613,79.0478,80.5212,81.4747,83.2948,82.6881,81.3013,83.7282,83.5549,85.0284,87.5419,88.4087,83.9016,83.2082,85.8084,84.595,82.7748,84.9417,83.2569,84.0785,87.5476,87.5476,87.5476,89.8298,90.1037,89.3734,88.0953,89.2821,88.643,87.0911,87.8156,88.7578,87.7213,84.9889,88.5693,86.5907,86.308,85.6484,84.9889,81.5026,81.8795,82.068,82.4449,79.9009,82.4449,82.2564,84.4707,82.916,82.492,84.5649,86.6368,85.5286,85.2877,87.2151,84.854,83.7457,81.9147,83.8421,86.3477,89.5761,87.1669,84.8058,85.4804,86.0586,89.3352,88.1306,86.8296,85.3358,83.8903,81.9629,83.6494,81.8183,82.8784,82.6857,84.5167,84.7576,84.7094,83.0711,83.6012,79.8427,80.5,80.4,80.4,80.0,81.7,82.0,82.5,81.5,80.5,80.1,79.9,79.5,79.5,76.65,74.35,74.8,73.65,74.3,68.1,66.8398,66.5,64.2186,65.9175,62.5],"consensus":[51.2822,-18.5576,23.2942,28.5829,36.2697,14.7525,0.0,41.2263,0.0,37.0279,57.0438,41.043,-29.5248,-15.4293,28.4982,-22.5484,-25.7299,30.1443,-32.4825,14.2895,49.4969,20.7607,17.3657,46.6907,35.8717,9.3972,0.0,27.8302,0.0,-20.0482,0.0,18.2014,-17.0319,-27.1116,27.1803,-26.322,-18.2876,-14.8059,-29.887,-62.5238,-20.9201,-19.3987,-25.771,-44.7531,15.2987,-18.3205,31.1117,-17.8761,-11.2484,39.7294,47.5759,0.0,17.7444,43.8642,-25.8131,-25.6172,-45.2105,12.8512,45.7661,66.0913,0.0,-20.6276,0.0,8.8918,58.0847,0.0,0.0,-22.859,-38.3634,-46.1935,0.0,-44.59,0.0,-11.0901,34.037,12.6187,0.0,-27.1225,0.0,-64.859,0.0,-25.1663,-23.5299,-24.6429,21.4235,12.3365,18.7082,-10.1102,-30.874,-28.6507,-26.205,-23.3742,-16.2726,-61.7753,-69.4335,-36.3764,-62.2716,-13.6079,-81.4096,-40.1002,-41.5416,-73.7034,-10.408,-80.4372],"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":[14.5006,41.6316,-29.381,-28.1425,-46.5216,20.5914,42.0417,62.4647,0.0,-26.6639,0.0,22.1442,57.4035,0.0,0.0,-24.8158,-37.812,-42.5567,0.0,-43.3728,0.0,-13.5069,33.1245,6.5581,0.0,-35.0414,0.0,-61.316,0.0,-22.4524,-21.5052,-32.767,24.7065,11.2458,17.4366,-20.6652,-37.4914,-33.2631,-25.9696,-20.2907,-15.7807,-56.9813,-70.9371,-37.7994,-65.5992,-2.1548,-82.2506,-21.9879,-33.1211,-72.6776,-9.1001,-82.8363],"force":[9.8869,52.1004,-46.6189,-31.1561,-51.8201,46.8531,75.7031,88.2655,0.0,-42.2348,0.0,12.4248,81.4099,0.0,0.0,-33.4739,-38.1864,-48.3075,0.0,-46.9644,0.0,-3.2788,74.3074,13.7731,0.0,-37.768,0.0,-91.2878,0.0,-16.6936,-10.8725,-17.4827,43.1396,19.7957,24.2986,-12.9925,-33.4405,-21.7254,-18.5309,-16.6525,-3.9889,-83.202,-79.1522,-3.2334,-57.8865,-21.7221,-97.7488,-26.126,-13.9024,-76.318,-57.9764,-93.2005],"direction":[27.0641,40.5329,-6.8741,-18.7749,-38.991,20.2817,28.6389,54.3972,0.0,-1.7047,0.0,8.7775,42.2025,0.0,0.0,-13.0406,-39.1199,-48.84,0.0,-44.285,0.0,-13.9076,6.3153,18.7205,0.0,-10.4684,0.0,-50.0303,0.0,-34.3199,-34.8848,-20.4726,2.1599,8.255,16.1685,-4.0115,-21.4779,-28.326,-31.9555,-31.6993,-25.6088,-51.9493,-60.7732,-58.4236,-61.6008,-51.933,-68.7776,-70.7816,-70.9073,-73.0082,-60.7487,-68.5787],"intensity":[13.4615,75.0,63.4615,28.8462,50.0,46.1538,78.8462,80.7692,63.4615,86.5385,30.7692,3.8462,84.6154,69.2308,78.8462,28.8462,76.9231,59.6154,82.6923,44.2308,15.3846,23.0769,44.2308,25.0,3.8462,40.3846,84.6154,94.2308,98.0769,98.0769,78.8462,5.7692,36.5385,11.5385,15.3846,15.3846,15.3846,38.4615,1.9231,23.0769,21.1538,96.1538,88.4615,7.6923,26.9231,44.2308,96.1538,96.1538,1.9231,61.5385,48.0769,82.6923],"confirmation":[73.4882,82.3216,54.1732,76.3278,82.6488,32.0241,83.6143,89.8802,30.8378,52.8644,1.2994,27.2903,87.3084,6.4545,28.8874,75.6086,80.2793,82.9018,30.6335,82.3597,4.4866,48.6073,57.4664,49.4988,24.6016,76.883,27.4582,89.6143,31.253,75.8364,75.1747,75.5437,52.8006,72.1916,74.1764,49.3514,77.857,76.8869,76.1553,75.3219,50.1737,88.4941,90.492,55.942,87.7426,8.0864,94.5362,80.6822,80.5793,91.6804,36.3013,100.0],"persistence":[12.5,37.5,12.5,12.5,12.5,12.5,12.5,25.0,12.5,12.5,0.0,25.0,50.0,37.5,25.0,0.0,12.5,12.5,12.5,37.5,50.0,62.5,50.0,25.0,12.5,12.5,12.5,12.5,12.5,12.5,37.5,62.5,50.0,25.0,12.5,12.5,25.0,25.0,25.0,25.0,50.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0],"assessmentRisk":[38.7319,24.7602,25.7252,25.4188,25.5514,54.8276,11.7246,16.7683,48.1182,32.1418,21.4344,51.9665,9.9205,42.6264,32.166,5.7031,30.3393,26.662,46.5806,25.094,24.1231,26.4885,7.6699,41.2564,37.9425,28.0783,33.054,17.3781,48.3101,34.3548,36.9652,18.0131,24.1693,35.1412,36.2092,46.3058,21.1496,30.7406,35.4602,34.7783,36.6486,19.0184,15.2782,31.7852,18.8601,42.1544,9.2034,29.9398,29.2017,13.1472,35.3812,8.4866],"volumeParticipation":true,"latest":{"consensus":-80.4,"control":-82.8,"force":-93.2,"direction":-68.6,"confirmation":100.0,"persistence":100.0,"assessmentRisk":8.5,"intensity":82.7,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-80.4","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-82.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-93.2","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction 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