{"schema_version":"1.0","name":"C1DN34 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"131a06b8-b610-453b-9679-285967b53266","symbol":"C1DN34","name":"Cadence Design Systems, Inc.","exchange":"SAO","country":"BR","asset_type":"equity","currency":"BRL","sector":"Technology","industry":"Software - Application"},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":21,"completedEpisodes":20,"activeEpisodes":1,"medianExpectedMove":10.5,"averageExpectedMove":12.0,"averageWeeksToLargestMove":8.2,"horizons":[{"weeks":4,"sample":21,"expectedCount":11,"expectedPercent":52.4,"averageReturn":-0.2,"medianReturn":0.8,"confidenceLow":32.4,"confidenceHigh":71.7,"confidence":"Mixed historical record"},{"weeks":12,"sample":20,"expectedCount":13,"expectedPercent":65.0,"averageReturn":4.4,"medianReturn":6.7,"confidenceLow":43.3,"confidenceHigh":81.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":20,"expectedCount":13,"expectedPercent":65.0,"averageReturn":7.0,"medianReturn":12.2,"confidenceLow":43.3,"confidenceHigh":81.9,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.1,"sample":21},{"week":2,"averageReturn":-0.3,"sample":21},{"week":3,"averageReturn":-0.2,"sample":21},{"week":4,"averageReturn":-0.2,"sample":21},{"week":5,"averageReturn":0.6,"sample":20},{"week":6,"averageReturn":-0.6,"sample":20},{"week":7,"averageReturn":-0.2,"sample":20},{"week":8,"averageReturn":1.5,"sample":20},{"week":9,"averageReturn":1.9,"sample":20},{"week":10,"averageReturn":2.4,"sample":20},{"week":11,"averageReturn":3.6,"sample":20},{"week":12,"averageReturn":4.4,"sample":20},{"week":13,"averageReturn":5.6,"sample":20},{"week":14,"averageReturn":5.1,"sample":20},{"week":15,"averageReturn":4.2,"sample":20},{"week":16,"averageReturn":4.7,"sample":20},{"week":17,"averageReturn":3.9,"sample":20},{"week":18,"averageReturn":3.8,"sample":20},{"week":19,"averageReturn":3.9,"sample":20},{"week":20,"averageReturn":3.4,"sample":20},{"week":21,"averageReturn":3.7,"sample":20},{"week":22,"averageReturn":2.5,"sample":20},{"week":23,"averageReturn":3.7,"sample":20},{"week":24,"averageReturn":5.4,"sample":20},{"week":25,"averageReturn":6.6,"sample":20},{"week":26,"averageReturn":7.0,"sample":20}]}},"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":"Underlying support lags price","tone":"caution","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":22.2,"averageReturn":10.9,"sample":18},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"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":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"In this ticker's completed record, 22.2% of comparable cases moved lower after 12 weeks, with an average move of 10.9% across 18 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 4.0 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 unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 6.4% 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":"2025-08-08","price":960.690002},{"date":"2025-09-26","price":933.409973},{"date":"2026-06-26","price":976.320007},{"date":"2026-07-17","price":838.799988}],"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":[754.19,746.07,691.27,748.88,757.83,740.84,730.81,792.58,737.67,732.84,824.77,865.05,874.94,907.13,929.75,921.04,922.21,921.03,941.62,938.2,914.7,905.72,946.84,869.26,867.38,839.25,739.33,729.19,700.7,710.08,756.48,758.59,691.94,756.32,778.01,757.0,874.68,890.54,912.73,899.87,819.84,830.0,833.16,821.64,836.64,876.09,890.01,880.44,932.06,985.32,960.69,943.85,947.18,944.65,953.74,921.63,988.15,933.41,930.52,902.39,886.15,940.93,912.59,863.89,839.15,817.02,830.73,919.47,877.37,877.97,884.4,845.33,877.2,851.17,840.0,774.17,744.77,781.54,765.98,764.88,781.78,760.59,753.21,714.86,717.62,664.8,771.41,831.52,816.0,882.65,883.86,937.0,953.58,964.96,975.56,1016.0,976.32,976.46,982.38,838.8,843.35,860.89,862.31,852.31],"consensus":[-23.4395,-28.3449,-67.7719,13.6348,0.0,-37.4463,-17.8875,55.1483,-47.5885,-11.1364,61.032,63.9334,54.4625,67.2176,67.9887,23.6778,30.2172,17.4706,33.0352,37.6504,0.0,15.1938,45.2375,-35.2712,-23.4764,-52.9776,-71.974,-47.867,-60.8576,-20.2571,10.5327,-17.6704,-68.4382,32.7537,26.4955,-10.576,70.6018,55.504,60.222,24.7208,-44.9422,0.0,-10.2283,-15.1385,24.2634,58.1755,40.1177,17.1157,71.5913,69.4599,0.0,20.6166,18.9214,0.0,36.794,-29.7997,66.2022,-35.6574,-9.929,-42.9217,-45.3704,45.0536,-32.9443,-60.0719,-59.2135,-51.9721,-11.2536,53.8714,-29.9499,11.1025,13.1679,-50.8764,27.9238,-32.5912,-30.071,-68.5439,-58.0415,0.0,-53.9257,-15.0396,-10.1699,-45.6472,-40.149,-63.3329,-26.6372,-76.5204,42.8342,66.4585,16.3778,67.7666,41.2958,72.0709,57.0727,28.0473,30.1887,65.4949,12.9549,28.3788,37.414,-63.1576,-32.2495,-15.5887,-22.3425,-10.5352],"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":[11.5581,0.0,50.5822,-25.396,64.2747,-35.375,-6.9194,-43.6835,-37.0467,47.0807,-30.7403,-57.2762,-54.5512,-52.243,-2.6365,52.5284,-38.0678,8.3858,10.0865,-54.1526,32.1371,-32.773,-25.0729,-70.9105,-45.8633,0.0,-54.8493,-9.5994,-27.7112,-47.8131,-51.8914,-69.6814,-18.3699,-76.7294,42.5913,65.6264,8.1358,64.4828,38.3915,67.1258,54.4984,7.81,10.1573,74.7946,13.0362,29.0337,44.2849,-55.0841,-31.8313,-6.9356,-15.3906,-9.9679],"force":[1.8355,0.0,28.5082,-73.1979,93.3306,-86.361,-17.1114,-64.6987,-57.5358,85.8283,-58.2995,-83.1439,-73.2258,-36.1074,-32.2612,86.6772,-62.6733,19.2364,17.6063,-52.9487,66.1223,-34.9144,-24.2875,-77.3507,-69.1363,0.0,-50.7602,-8.2758,-18.53,-50.8057,-25.3251,-63.9035,-0.7126,-93.9616,86.9807,89.3374,11.2138,81.2144,16.7872,87.1942,44.2059,6.2871,11.6692,46.117,39.4348,6.2848,22.9236,-97.305,-10.9948,-7.3637,-7.7114,-1.101],"direction":[39.5407,0.0,26.9544,-3.8339,49.0275,-0.2368,-8.2382,-26.496,-46.1937,13.612,-17.3524,-46.787,-54.5332,-62.9945,-58.2099,31.9736,-2.7016,8.3975,13.5194,-45.652,4.176,-30.7241,-39.9143,-59.5486,-64.0345,0.0,-55.1311,-37.9108,-10.6228,-39.4873,-37.3178,-55.67,-55.6211,-63.8237,11.5786,51.0673,45.5056,61.9141,62.1212,66.92,69.2055,66.7186,66.3099,68.7081,50.2831,43.4116,39.9119,-47.9934,-47.9093,-41.8726,-40.7384,-19.4953],"intensity":[17.3077,9.6154,1.9231,55.7692,78.8462,65.3846,53.8462,34.6154,38.4615,71.1538,36.5385,75.0,42.3077,42.3077,13.4615,90.3846,59.6154,59.6154,15.3846,48.0769,36.5385,26.9231,36.5385,80.7692,84.6154,65.3846,28.8462,50.0,75.0,26.9231,9.6154,50.0,59.6154,73.0769,98.0769,80.7692,17.3077,88.4615,1.9231,82.6923,90.3846,90.3846,7.6923,53.8462,50.0,1.9231,9.6154,100.0,98.0769,19.2308,3.8462,26.9231],"confirmation":[50.9797,27.1123,79.3114,56.259,90.0408,58.3438,48.7754,82.387,83.0161,83.6289,79.3485,87.9688,87.4464,84.1435,9.9315,86.2591,56.3672,71.8421,72.396,84.2937,56.2598,78.4972,77.5226,90.1664,87.097,33.2577,85.1457,28.6172,28.7322,82.7313,80.217,88.1872,53.3017,93.0149,83.0561,89.9766,29.5846,90.1452,80.512,91.5989,85.9104,31.287,77.4012,88.2261,33.6271,53.7312,79.4262,89.3741,77.6784,28.6583,52.143,48.5935],"persistence":[87.5,75.0,75.0,50.0,50.0,25.0,12.5,12.5,37.5,25.0,50.0,50.0,75.0,75.0,75.0,50.0,50.0,50.0,25.0,25.0,0.0,0.0,0.0,25.0,25.0,37.5,62.5,62.5,87.5,87.5,87.5,87.5,87.5,100.0,75.0,50.0,25.0,0.0,25.0,50.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,50.0,25.0,0.0,25.0],"assessmentRisk":[11.4654,49.9291,32.4534,19.3619,10.6627,2.3652,24.7203,3.6204,27.0171,12.0767,8.4889,10.3469,14.1954,23.9362,43.4328,15.8001,49.8871,40.0942,38.1112,22.4997,14.1791,13.2327,27.2123,13.2426,20.8912,44.7101,20.832,4.2507,47.9793,9.2452,1.6652,15.6052,35.7944,11.6658,0.9803,16.1863,40.9264,16.112,28.8127,13.1339,21.2737,33.6736,33.5521,14.8601,17.8676,1.0786,9.7626,18.3117,33.4115,41.279,38.2915,19.5329],"volumeParticipation":true,"latest":{"consensus":-10.5,"control":-10.0,"force":-1.1,"direction":-19.5,"confirmation":48.6,"persistence":25.0,"assessmentRisk":19.5,"intensity":26.9,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-10.5","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-10.0","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-1.1","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-19.5","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"49/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"46.9","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"6.3%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"19.8","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"51%","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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