{"schema_version":"1.0","name":"BYMA Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"12f0c34d-082b-40bd-913b-fe68df57248d","symbol":"BYMA","name":"Bolsas y Mercados Argentinos S.A.","exchange":"BUE","country":"AR","asset_type":"equity","currency":"ARS","sector":"Financial Services","industry":"Capital Markets"},"summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. Price structure remains downward.","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, Range position and boundary pressure, Acceleration, deceleration and rollover, Drawdown and recovery pressure, Range pressure and compression."},{"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 downward","stateTone":"negative","summary":"Market Dynamics weakened this week and remains below zero. 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.7,"sample":5},{"week":2,"averageReturn":-2.6,"sample":5},{"week":3,"averageReturn":-0.8,"sample":5},{"week":4,"averageReturn":-4.3,"sample":5},{"week":5,"averageReturn":-5.7,"sample":5},{"week":6,"averageReturn":-10.0,"sample":5},{"week":7,"averageReturn":-8.0,"sample":4},{"week":8,"averageReturn":-12.0,"sample":4},{"week":9,"averageReturn":-8.0,"sample":3},{"week":10,"averageReturn":-4.0,"sample":3},{"week":11,"averageReturn":-5.8,"sample":3},{"week":12,"averageReturn":-5.6,"sample":3},{"week":13,"averageReturn":-4.3,"sample":3},{"week":14,"averageReturn":-5.7,"sample":3},{"week":15,"averageReturn":-9.9,"sample":3},{"week":16,"averageReturn":-7.8,"sample":3},{"week":17,"averageReturn":-8.9,"sample":3},{"week":18,"averageReturn":-10.1,"sample":3},{"week":19,"averageReturn":-11.4,"sample":3},{"week":20,"averageReturn":-6.2,"sample":2},{"week":21,"averageReturn":-12.1,"sample":2},{"week":22,"averageReturn":-7.9,"sample":1},{"week":23,"averageReturn":-6.5,"sample":1},{"week":24,"averageReturn":-11.3,"sample":1},{"week":25,"averageReturn":-10.5,"sample":1},{"week":26,"averageReturn":-12.0,"sample":1}]},"currentApplication":{"status":"Countertrend conflict","tone":"caution","headline":"Market Dynamics is repairing against a downward price structure","use":"The downside structure remains in place, but improving Market Dynamics weakens that case. A positive price response is needed to confirm the repair.","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":"weakening","zone":"middle","zoneContext":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"priceContext":{"label":"Price remains in a downward structure","detail":"Improving Market Dynamics has not yet produced a positive price response."}},"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, 66.7% of completed 12-week outcomes were lower across 3 cases. Distinct visits lasted 3.6 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 9.4% across 18 completed cases, with the largest move arriving after 4.3 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":[],"distribution_rollovers":[{"date":"2026-03-13","price":303.485748},{"date":"2026-03-27","price":306.735596},{"date":"2026-05-08","price":302.25}],"price_pressure_gaps":[{"date":"2026-01-30","price":335.734222},{"date":"2026-03-20","price":313.235291},{"date":"2026-04-03","price":329.234528},{"date":"2026-06-19","price":317.75},{"date":"2026-07-03","price":309.25}]}},"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":[145.7704,150.0718,154.6122,162.7371,155.3291,150.5497,153.6563,152.9394,151.9835,152.4615,151.5056,155.0901,164.4098,174.6855,173.4906,174.9244,189.0235,204.7954,230.6039,245.181,245.6589,221.2842,248.5265,236.3391,219.8504,215.5489,222.0011,206.9461,224.6297,214.1152,209.0968,213.3982,204.5564,223.9128,195.7299,196.6858,190.2332,180.9127,194.057,200.9876,210.0691,200.7486,192.862,191.6671,189.5163,185.6924,183.5416,185.2145,184.2585,194.5349,198.1198,186.8874,182.8246,184.0196,176.372,157.97,142.4359,182.7414,180.2415,191.991,181.7415,191.491,304.9857,297.986,292.4863,276.237,299.4859,301.4858,299.9859,298.986,291.4863,301.2358,320.235,316.4851,324.2348,335.7342,329.9845,307.9855,325.9847,316.7351,306.9856,303.4857,313.2353,306.7356,329.2345,337.9841,317.5,312.25,307.5,302.25,272.25,285.25,297.0,286.25,304.75,317.75,305.5,309.25,314.0,297.75,300.5,295.5,291.0,265.75],"consensus":[-26.2622,15.0058,16.4781,36.0639,-14.3734,-14.3104,12.7034,-9.2865,0.0,0.0,0.0,10.0486,40.9246,50.38,22.5562,23.3088,67.2889,65.7422,74.9643,68.361,42.2944,0.0,70.9827,0.0,-20.9532,0.0,16.9227,-36.3032,27.6122,-16.2917,-19.7894,12.6757,-26.7572,39.1399,-50.3953,-14.946,-36.3641,-49.6051,15.1033,16.4688,31.636,-9.1965,-28.2984,-14.2573,-19.8686,-27.6306,-23.0701,-13.6432,-15.4352,25.8229,19.3618,-27.6724,-18.8763,0.0,-37.0242,-54.9162,-67.1272,35.0813,0.0,41.1972,0.0,32.7577,83.8009,24.3767,33.7353,17.812,53.8009,34.896,31.9008,39.2474,0.0,39.9871,54.7939,19.5482,39.6459,48.2874,13.2153,-20.763,36.8756,0.0,-18.3587,-13.9075,12.8,-17.9185,45.0243,33.9163,-19.9742,-14.2063,-22.9009,-34.7973,-66.0998,0.0,10.2292,-37.1615,25.4847,23.1035,0.0,24.8977,25.1799,-46.1423,0.0,-25.5788,-25.9861,-66.2019],"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":[-22.0878,0.0,-30.5185,-44.9105,-62.6013,37.0031,0.0,40.2793,0.0,33.0713,84.9043,14.2876,28.5809,5.1112,70.0243,40.204,35.5619,43.2777,0.0,50.9838,52.0784,12.7543,38.0468,45.6118,9.7831,-21.9063,44.0307,0.0,-11.6482,-15.1791,24.5108,-18.4776,51.8771,32.8079,-25.2612,-21.4414,-17.8279,-32.1305,-65.137,0.0,21.2643,-39.8963,26.1276,18.6141,0.0,27.8658,31.8609,-40.3281,0.0,-24.1147,-19.1827,-63.809],"force":[-14.0965,0.0,-43.378,-71.2171,-82.3152,78.0073,0.0,51.2424,0.0,46.1809,99.4057,23.5287,6.7477,24.1478,43.1381,8.7015,3.9557,12.9109,0.0,30.0759,63.2422,6.8535,24.9027,44.5033,16.7931,-50.8025,44.69,0.0,-32.2812,-16.3795,20.0807,-23.9326,52.965,27.2484,-44.0962,-18.6339,-25.7669,-36.4493,-78.4424,0.0,39.5938,-31.3981,35.7162,16.3576,0.0,26.4265,22.7338,-80.1405,0.0,-26.0551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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":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-66.2","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-63.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-83.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-56.9","detail":"Downward 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