{"schema_version":"1.0","name":"IHG Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"162eba29-cffa-48fd-8eb7-00794fa30b31","symbol":"IHG","name":"InterContinental Hotels Group PLC","exchange":"LSE","country":"GB","asset_type":"equity","currency":"USD","sector":"Consumer Cyclical","industry":"Lodging"},"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":0.4,"sample":20},{"week":2,"averageReturn":0.9,"sample":20},{"week":3,"averageReturn":0.1,"sample":20},{"week":4,"averageReturn":0.2,"sample":20},{"week":5,"averageReturn":0.7,"sample":20},{"week":6,"averageReturn":2.3,"sample":19},{"week":7,"averageReturn":1.8,"sample":19},{"week":8,"averageReturn":2.4,"sample":19},{"week":9,"averageReturn":2.3,"sample":19},{"week":10,"averageReturn":2.8,"sample":19},{"week":11,"averageReturn":2.8,"sample":19},{"week":12,"averageReturn":3.7,"sample":19},{"week":13,"averageReturn":5.0,"sample":19},{"week":14,"averageReturn":4.8,"sample":19},{"week":15,"averageReturn":4.7,"sample":19},{"week":16,"averageReturn":4.5,"sample":19},{"week":17,"averageReturn":6.1,"sample":19},{"week":18,"averageReturn":6.3,"sample":19},{"week":19,"averageReturn":6.6,"sample":19},{"week":20,"averageReturn":8.3,"sample":19},{"week":21,"averageReturn":9.1,"sample":19},{"week":22,"averageReturn":9.4,"sample":19},{"week":23,"averageReturn":8.6,"sample":19},{"week":24,"averageReturn":8.1,"sample":18},{"week":25,"averageReturn":8.6,"sample":18},{"week":26,"averageReturn":8.3,"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":"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":"positive","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":33.3,"averageReturn":9.1,"sample":15},"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 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, 33.3% of comparable cases moved lower after 12 weeks, with an average move of 9.1% across 15 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 1 cases. Distinct visits lasted 15.0 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 4.0% across 15 completed cases, with the largest move arriving after 5.9 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":"2026-07-17","price":157.449997}],"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":[99.0224,100.2678,99.5803,103.7581,106.0321,110.3157,109.5489,111.7436,113.9383,112.4575,113.5945,122.3997,125.5992,127.8467,129.5655,134.1267,131.4957,131.6279,131.6808,130.0414,132.5402,137.0353,138.4235,143.0508,143.8441,139.0184,130.8875,131.2577,120.4694,114.1498,110.5801,110.4744,101.7546,102.7138,101.1418,104.5256,112.1192,114.7037,120.8852,114.4906,113.1584,113.3715,109.8811,108.762,111.613,115.3698,117.6612,114.7037,115.5031,113.8778,117.5547,117.8478,119.5319,119.6923,121.5107,118.8366,117.3391,121.9921,122.206,121.1898,119.0506,124.987,122.9013,130.2015,130.0678,130.1213,133.9051,133.0628,136.8466,141.5263,140.5235,137.529,136.784,137.1316,136.0886,133.9033,141.4527,145.4261,141.1547,136.5853,130.1782,128.1915,128.0425,129.2842,133.3569,140.45,147.35,146.0,145.0,149.7,148.45,152.35,154.15,161.8,166.45,169.25,171.55,167.55,165.3,157.45,156.6,160.7,158.0,158.85],"consensus":[-18.0709,0.0,-14.8432,43.6843,42.8849,61.2828,27.6137,53.893,58.1785,12.8296,39.8707,74.8773,63.8192,61.1946,53.5214,73.9141,22.0794,40.1928,33.7912,0.0,46.2468,66.0359,41.2135,69.0245,56.2231,0.0,-52.4299,-8.2743,-73.64,-74.4479,-65.815,-52.5266,-78.765,-31.3156,-55.7716,-13.582,29.3584,18.834,49.3568,-19.1655,-18.6947,0.0,-37.698,-31.6748,0.0,31.4888,34.9152,0.0,15.404,-14.8256,22.925,18.4059,35.4581,27.9902,35.6371,-11.2453,-10.3898,46.0309,19.804,0.0,-9.7699,53.4652,0.0,66.9586,21.307,36.4785,52.3945,13.5077,51.0236,67.0077,27.8516,0.0,0.0,11.4845,0.0,-15.095,47.5966,45.4973,0.0,-24.7347,-44.7884,-31.2274,-30.3585,-14.4445,19.8232,44.8129,65.053,28.6803,25.2132,47.2902,12.1851,41.6522,27.8861,53.0068,57.2899,39.8376,42.9822,26.7837,25.7055,-38.3674,-13.5655,13.6768,-23.6506,7.6474],"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":[37.2047,25.4537,35.9337,-20.2456,-8.3615,49.5515,22.3395,0.0,-15.7571,55.3875,0.0,66.8549,8.5268,38.4419,48.7178,4.0233,49.82,69.6057,19.358,0.0,0.0,19.4845,0.0,-12.4383,47.1619,42.2368,0.0,-30.9423,-32.7241,-23.1183,-23.8482,-7.2872,20.9145,41.6983,63.3717,25.4036,22.1367,45.2342,12.2721,40.3688,20.3808,58.4513,64.2737,33.597,39.6871,24.6108,38.5601,-33.564,-4.0532,22.263,-18.2297,7.7654],"force":[35.2658,21.4283,32.9203,-34.5774,-22.9283,60.8204,8.4116,0.0,-26.1481,72.1802,0.0,83.2572,4.8997,17.2769,49.9299,14.7976,46.6202,68.3637,0.4054,0.0,0.0,3.2377,0.0,-26.7825,62.1294,46.7923,0.0,-55.5139,-66.487,-20.1693,-19.0349,-4.2035,41.7846,61.5503,88.1928,8.9071,8.1457,53.0579,10.693,41.5211,12.3703,38.2254,38.9161,16.2511,17.7219,3.7453,1.5486,-73.7608,-12.8525,26.1063,-40.2207,14.7732],"direction":[33.5994,35.5761,37.2386,-15.7067,-3.7517,31.4433,25.0438,0.0,-8.7714,37.9003,0.0,55.4353,54.6319,47.95,58.3569,44.565,55.5443,63.0701,57.7422,0.0,0.0,8.2322,0.0,-9.7831,37.7128,48.2987,0.0,-4.3448,-43.0771,-48.3935,-45.8872,-35.9445,2.8893,36.417,50.446,46.5489,40.9202,45.5201,28.4274,43.2126,47.5465,57.3428,62.4326,63.8172,64.7912,51.0733,28.2696,-18.5759,-24.946,5.0141,-18.0101,2.4226],"intensity":[17.3077,5.7692,19.2308,32.6923,55.7692,69.2308,11.5385,42.3077,61.5385,71.1538,34.6154,82.6923,82.6923,57.6923,69.2308,19.2308,53.8462,69.2308,26.9231,51.9231,96.1538,71.1538,1.9231,19.2308,84.6154,53.8462,61.5385,73.0769,98.0769,17.3077,15.3846,5.7692,65.3846,94.2308,88.4615,3.8462,17.3077,69.2308,96.1538,69.2308,76.9231,86.5385,61.5385,78.8462,26.9231,63.4615,46.1538,86.5385,82.6923,59.6154,28.8462,38.4615],"confirmation":[79.3141,76.7955,79.3165,30.1898,49.0711,83.127,73.9515,28.2621,28.0722,85.6499,6.2201,89.9251,52.5929,79.058,84.7472,6.7612,84.2117,89.4442,53.6006,8.0661,4.0622,48.6351,24.5782,73.2271,83.6804,82.6483,32.5673,55.0188,83.1774,77.7793,77.4688,27.7264,52.3294,82.8977,89.5478,76.625,75.5949,83.34,28.1485,81.3443,76.5651,84.4287,85.6664,80.1243,81.0347,53.8058,52.627,81.4294,49.7975,51.0276,76.1558,25.3292],"persistence":[62.5,62.5,62.5,50.0,25.0,50.0,50.0,37.5,12.5,12.5,0.0,25.0,50.0,50.0,50.0,62.5,87.5,87.5,100.0,87.5,75.0,75.0,62.5,37.5,37.5,37.5,25.0,12.5,0.0,25.0,37.5,37.5,37.5,37.5,25.0,0.0,25.0,50.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,50.0,50.0,25.0,12.5],"assessmentRisk":[29.3136,35.4306,29.1603,26.9041,32.7974,14.2962,5.2117,39.5805,38.3136,14.2349,14.5819,16.2326,39.2662,28.2738,23.7035,28.8156,23.2017,16.4295,34.7076,40.8191,4.7707,49.9182,45.3105,34.6764,22.0489,26.8045,48.7828,44.2231,27.2648,34.3743,34.7648,41.1602,24.7369,27.2991,17.4523,35.5929,36.8138,25.0745,6.8016,24.9861,35.3084,23.4226,21.354,30.0798,28.5081,32.8964,28.7089,30.5233,43.1573,53.4687,35.4784,12.8612],"volumeParticipation":true,"latest":{"consensus":7.6,"control":7.8,"force":14.8,"direction":2.4,"confirmation":25.3,"persistence":12.5,"assessmentRisk":12.9,"intensity":38.5,"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":"Control support is limited","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+7.6","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+7.8","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+14.8","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+2.4","detail":"Follow-through is limited","tone":"positive"},{"label":"SM Confirmation Gauge","value":"25/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"58.1","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"5.2%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"27.6","detail":"Directional","tone":"positive"},{"label":"Range position","value":"71%","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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