{"schema_version":"1.0","name":"4020 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"11990059-d3bb-41c2-b2de-d65f32985b76","symbol":"4020","name":"Saudi Real Estate Company","exchange":"SAU","country":"SA","asset_type":"equity","currency":"SAR","sector":"Real Estate","industry":"Real Estate Services"},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.8,"sample":16},{"week":2,"averageReturn":-1.3,"sample":16},{"week":3,"averageReturn":-0.2,"sample":16},{"week":4,"averageReturn":-0.0,"sample":16},{"week":5,"averageReturn":-0.7,"sample":16},{"week":6,"averageReturn":-0.3,"sample":16},{"week":7,"averageReturn":-2.5,"sample":16},{"week":8,"averageReturn":-2.3,"sample":15},{"week":9,"averageReturn":-4.4,"sample":15},{"week":10,"averageReturn":-1.6,"sample":14},{"week":11,"averageReturn":-2.5,"sample":14},{"week":12,"averageReturn":0.0,"sample":14},{"week":13,"averageReturn":0.3,"sample":14},{"week":14,"averageReturn":-1.4,"sample":14},{"week":15,"averageReturn":-2.4,"sample":14},{"week":16,"averageReturn":-1.8,"sample":14},{"week":17,"averageReturn":-5.4,"sample":13},{"week":18,"averageReturn":-5.9,"sample":13},{"week":19,"averageReturn":-4.6,"sample":13},{"week":20,"averageReturn":-2.9,"sample":13},{"week":21,"averageReturn":-3.9,"sample":13},{"week":22,"averageReturn":-4.2,"sample":13},{"week":23,"averageReturn":-4.2,"sample":13},{"week":24,"averageReturn":-3.4,"sample":13},{"week":25,"averageReturn":-6.4,"sample":12},{"week":26,"averageReturn":-5.9,"sample":12}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":5,"completedEpisodes":5,"activeEpisodes":0,"medianExpectedMove":4.1,"averageExpectedMove":7.1,"averageWeeksToLargestMove":7.2,"horizons":[{"weeks":4,"sample":5,"expectedCount":2,"expectedPercent":40.0,"averageReturn":1.1,"medianReturn":0.0,"confidenceLow":11.8,"confidenceHigh":76.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":5,"expectedCount":3,"expectedPercent":60.0,"averageReturn":-2.0,"medianReturn":-1.6,"confidenceLow":23.1,"confidenceHigh":88.2,"confidence":"Mixed historical record"},{"weeks":26,"sample":5,"expectedCount":5,"expectedPercent":100.0,"averageReturn":-21.0,"medianReturn":-21.3,"confidenceLow":56.6,"confidenceHigh":100.0,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.3,"sample":5},{"week":2,"averageReturn":-1.0,"sample":5},{"week":3,"averageReturn":-2.6,"sample":5},{"week":4,"averageReturn":1.1,"sample":5},{"week":5,"averageReturn":0.3,"sample":5},{"week":6,"averageReturn":1.4,"sample":5},{"week":7,"averageReturn":1.0,"sample":5},{"week":8,"averageReturn":1.0,"sample":5},{"week":9,"averageReturn":0.8,"sample":5},{"week":10,"averageReturn":0.1,"sample":5},{"week":11,"averageReturn":-1.3,"sample":5},{"week":12,"averageReturn":-2.0,"sample":5},{"week":13,"averageReturn":-4.2,"sample":5},{"week":14,"averageReturn":-7.0,"sample":5},{"week":15,"averageReturn":-6.2,"sample":5},{"week":16,"averageReturn":-5.4,"sample":5},{"week":17,"averageReturn":-10.8,"sample":5},{"week":18,"averageReturn":-10.4,"sample":5},{"week":19,"averageReturn":-9.5,"sample":5},{"week":20,"averageReturn":-13.9,"sample":5},{"week":21,"averageReturn":-14.6,"sample":5},{"week":22,"averageReturn":-13.6,"sample":5},{"week":23,"averageReturn":-18.4,"sample":5},{"week":24,"averageReturn":-18.8,"sample":5},{"week":25,"averageReturn":-17.7,"sample":5},{"week":26,"averageReturn":-21.0,"sample":5}]},"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":"weakening","zone":"middle","zoneContext":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Easier this week","detail":"Market Dynamics eased this week but 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 distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 57.1% of completed 12-week outcomes were lower across 7 cases. Distinct visits lasted 2.3 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 10.5% across 16 completed cases, with the largest move arriving after 5.6 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-01-30","price":14.47},{"date":"2026-05-08","price":14.63}],"distribution_rollovers":[{"date":"2024-10-04","price":24.780001},{"date":"2024-11-08","price":24.84},{"date":"2024-12-06","price":24.799999},{"date":"2024-12-20","price":24.48},{"date":"2025-03-07","price":25.0},{"date":"2025-03-28","price":24.16}],"price_pressure_gaps":[{"date":"2024-11-01","price":25.75},{"date":"2024-11-22","price":25.1},{"date":"2024-12-13","price":25.4},{"date":"2025-01-03","price":25.200001},{"date":"2025-03-21","price":25.049999}]}},"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":[21.44,23.62,25.1,24.38,24.02,26.0,24.78,23.98,23.4,23.92,25.75,24.84,24.78,25.1,25.75,24.8,25.4,24.48,24.8,25.2,27.65,26.85,27.6,26.85,26.75,27.35,26.55,25.85,25.0,24.88,25.05,24.16,24.0,20.0,23.2,23.7,22.7,22.28,23.54,22.34,20.74,20.38,19.98,18.98,20.1,19.05,20.64,19.33,18.71,18.42,18.96,17.71,17.68,18.22,17.6,16.51,15.96,15.35,15.95,15.51,15.38,14.34,14.39,13.9,13.39,13.56,13.0,13.07,13.21,13.36,12.87,12.9,12.45,12.93,13.52,14.47,13.86,14.3,13.95,13.17,13.04,13.09,13.38,14.07,13.3,13.39,14.19,13.71,13.8,14.63,16.3,16.14,16.14,16.02,16.21,16.15,16.04,15.84,15.4,17.8,17.28,15.94,16.08,15.77],"consensus":[-9.0905,62.3334,67.9116,20.5092,19.0005,66.9308,-11.1752,-10.1679,-17.3165,11.4327,50.6986,0.0,17.728,16.5727,29.9062,-14.1858,30.5503,-26.6708,0.0,21.3181,65.3846,0.0,44.1342,0.0,0.0,34.1263,-15.8122,-22.5965,-32.7059,-23.0723,-25.1223,-38.7239,-15.362,-79.7257,12.2529,0.0,-46.2052,-18.2103,23.7635,-47.0638,-55.9051,-40.9775,-44.6123,-42.1541,0.0,-60.3649,26.4237,-46.1962,-40.6782,-36.136,-8.0987,-59.3868,-31.8997,0.0,-43.7915,-56.484,-44.1481,-56.236,-8.8655,-50.1826,-31.934,-60.4004,-32.9268,-51.9447,-58.961,-20.4556,-55.6739,-25.4656,-16.7844,-13.5767,-42.3164,-13.7403,-45.2607,0.0,27.9956,50.3588,0.0,32.7032,0.0,-39.7702,-13.5437,-17.4942,9.7702,43.8937,-31.346,0.0,47.6459,-20.8255,0.0,53.6984,74.2183,33.9755,37.7004,24.0023,32.8161,14.4194,10.463,11.6862,-22.3796,69.2764,11.6638,-26.4506,14.3234,21.5367],"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":[-33.5177,0.0,-47.0411,-56.7842,-36.2905,-50.3284,-6.1872,-57.2777,-33.1145,-62.0587,-31.8359,-56.1216,-59.9852,-16.1874,-60.5023,-22.8431,-17.4506,-15.2948,-55.7337,-13.5941,-53.3739,0.0,27.896,37.1177,0.0,23.2825,0.0,-43.8367,-8.6251,-15.6511,20.541,38.2618,-38.5962,0.0,41.5147,-23.5023,0.0,42.5528,68.5858,27.8806,30.8866,10.7558,38.4245,9.9192,8.4407,15.4199,-23.5389,59.8352,1.0557,-36.0722,8.6838,13.6535],"force":[-12.2339,0.0,-38.8045,-66.0679,-42.267,-61.6242,-43.3366,-43.4532,-17.9371,-71.9315,-7.6556,-42.1039,-60.178,-9.3619,-51.569,-0.3777,-7.606,-9.4664,-37.0292,-6.2065,-38.2589,0.0,48.2975,77.1852,0.0,35.8568,0.0,-51.8307,-5.7485,-8.893,19.9761,63.2131,-67.0352,0.0,70.0955,-48.207,0.0,76.928,94.4694,0.0911,10.2952,5.5468,13.6391,12.546,13.7057,5.0859,-38.2721,94.0455,29.1192,-55.8036,18.8212,30.4916],"direction":[-44.0977,0.0,-43.6397,-49.2952,-54.4719,-59.1388,-49.2137,-46.8806,-40.5826,-50.2688,-52.2244,-54.2002,-56.9212,-46.6317,-53.0878,-46.3827,-33.4445,-28.0726,-30.7588,-28.1551,-40.9899,0.0,13.6081,46.3297,0.0,41.2171,0.0,-26.5082,-24.733,-25.7444,9.8292,36.5306,-2.4323,0.0,38.6176,-1.7919,0.0,49.8437,66.1904,65.1443,65.0628,60.2476,40.1042,38.8234,30.0375,19.3991,-9.7028,62.3739,55.3312,-5.5119,17.5559,24.1498],"intensity":[65.3846,11.5385,21.1538,75.0,71.1538,17.3077,11.5385,11.5385,13.4615,46.1538,30.7692,3.8462,5.7692,1.9231,19.2308,46.1538,1.9231,3.8462,11.5385,26.9231,7.6923,11.5385,32.6923,92.3077,50.0,7.6923,3.8462,51.9231,50.0,19.2308,3.8462,55.7692,50.0,26.9231,55.7692,15.3846,3.8462,78.8462,96.1538,92.3077,9.6154,7.6923,1.9231,3.8462,11.5385,69.2308,23.0769,100.0,98.0769,90.3846,71.1538,17.3077],"confirmation":[77.5839,31.7188,81.8118,86.3624,82.1898,86.2498,10.532,83.7452,77.7743,87.6543,55.1163,84.2587,86.889,30.366,85.617,52.7577,51.5735,28.3023,81.1757,50.4486,82.1464,5.243,77.5788,85.1341,31.1518,78.7047,29.0592,81.0321,49.5047,73.3641,28.0369,82.7206,56.8601,24.4574,84.0243,53.1735,25.502,86.0613,92.4529,55.2657,79.3328,53.4987,77.8312,29.2041,28.233,49.5899,75.6281,91.0672,9.1206,55.7214,72.8065,75.2848],"persistence":[75.0,62.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,62.5,37.5,25.0,0.0,12.5,12.5,12.5,0.0,0.0,0.0,12.5,25.0,12.5,12.5,0.0,25.0,25.0,25.0,50.0,62.5,62.5,87.5,100.0,100.0,75.0,75.0,75.0,50.0,50.0,25.0],"assessmentRisk":[24.3322,14.6489,23.6928,15.0067,25.8381,21.8004,43.8168,20.9573,22.4546,16.4866,32.9514,23.7213,20.4842,35.2199,21.9521,34.5699,11.5628,14.9526,6.2133,14.99,25.872,36.8156,32.8789,24.7036,52.5407,33.3717,38.2738,29.5593,39.5488,40.4615,45.387,25.1053,37.2062,22.8347,20.6295,17.4837,34.2298,22.2452,12.6948,32.943,31.1015,36.9416,23.7264,6.3972,13.4279,21.5217,33.0444,13.5827,39.4427,18.5732,24.4796,38.6244],"volumeParticipation":true,"latest":{"consensus":21.5,"control":13.7,"force":30.5,"direction":24.1,"confirmation":75.3,"persistence":25.0,"assessmentRisk":38.6,"intensity":17.3,"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":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+21.5","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+13.7","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+30.5","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+24.1","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"75/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"51.7","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"6.5%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"30.6","detail":"Directional","tone":"positive"},{"label":"Range position","value":"56%","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 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