{"schema_version":"1.0","name":"OXIG Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"16de4a7f-29f2-4b15-a9fb-36206eddc704","symbol":"OXIG","name":"Oxford Instruments plc","exchange":"LSE","country":"GB","asset_type":"equity","currency":"GBP","sector":"Technology","industry":"Scientific & Technical Instruments"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","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, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, Directional strength and control, Drawdown and recovery pressure."},{"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 upward","stateTone":"positive","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","evidenceAlignment":{"status":"Price ahead of underlying support","headline":"The upward price response is leading Market Dynamics","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","take":"Treat the gap as an early-downside risk watch. Stronger Market Dynamics would confirm the price move; a weaker price response would confirm that the gap is closing through 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":22,"completedEpisodes":21,"activeEpisodes":1,"medianExpectedMove":9.2,"averageExpectedMove":13.0,"averageWeeksToLargestMove":7.0,"horizons":[{"weeks":4,"sample":22,"expectedCount":12,"expectedPercent":54.5,"averageReturn":2.4,"medianReturn":1.2,"confidenceLow":34.7,"confidenceHigh":73.1,"confidence":"Mixed historical record"},{"weeks":12,"sample":21,"expectedCount":13,"expectedPercent":61.9,"averageReturn":3.1,"medianReturn":2.6,"confidenceLow":40.9,"confidenceHigh":79.2,"confidence":"Mixed historical record"},{"weeks":26,"sample":20,"expectedCount":13,"expectedPercent":65.0,"averageReturn":11.7,"medianReturn":7.6,"confidenceLow":43.3,"confidenceHigh":81.9,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.8,"sample":22},{"week":2,"averageReturn":1.8,"sample":22},{"week":3,"averageReturn":1.8,"sample":22},{"week":4,"averageReturn":2.4,"sample":22},{"week":5,"averageReturn":2.7,"sample":22},{"week":6,"averageReturn":3.1,"sample":22},{"week":7,"averageReturn":3.1,"sample":22},{"week":8,"averageReturn":2.0,"sample":22},{"week":9,"averageReturn":2.0,"sample":22},{"week":10,"averageReturn":3.9,"sample":21},{"week":11,"averageReturn":4.6,"sample":21},{"week":12,"averageReturn":3.1,"sample":21},{"week":13,"averageReturn":4.0,"sample":21},{"week":14,"averageReturn":5.8,"sample":21},{"week":15,"averageReturn":4.9,"sample":21},{"week":16,"averageReturn":7.4,"sample":21},{"week":17,"averageReturn":7.4,"sample":21},{"week":18,"averageReturn":7.1,"sample":21},{"week":19,"averageReturn":7.5,"sample":21},{"week":20,"averageReturn":6.9,"sample":21},{"week":21,"averageReturn":7.1,"sample":21},{"week":22,"averageReturn":6.6,"sample":21},{"week":23,"averageReturn":7.7,"sample":20},{"week":24,"averageReturn":9.3,"sample":20},{"week":25,"averageReturn":10.1,"sample":20},{"week":26,"averageReturn":11.7,"sample":20}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-11.1,"medianReturn":-11.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"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,"averageReturn":-5.4,"sample":1},{"week":2,"averageReturn":-7.8,"sample":1},{"week":3,"averageReturn":-2.6,"sample":1},{"week":4,"averageReturn":-11.1,"sample":1},{"week":5,"averageReturn":-6.0,"sample":1},{"week":6,"averageReturn":-5.1,"sample":1},{"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":"Price ahead of underlying support","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":"Treat the gap as an early-downside risk watch. Stronger Market Dynamics would confirm the price move; a weaker price response would confirm that the gap is closing through correction.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","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":56.2,"averageReturn":1.7,"sample":16},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but 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, 56.2% of comparable cases moved lower after 12 weeks, with an average move of 1.7% across 16 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, 87.5% of completed 12-week outcomes were higher across 8 cases. Distinct visits lasted 2.4 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 9.1% across 16 completed cases, with the largest move arriving after 6.9 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":[{"date":"2025-06-27","price":1937.781128},{"date":"2025-08-08","price":1837.949463},{"date":"2025-08-22","price":1871.948608},{"date":"2025-10-03","price":2009.944824},{"date":"2025-10-24","price":1913.947388},{"date":"2025-11-14","price":2074.942871}],"distribution_rollovers":[{"date":"2026-06-12","price":2859.3196},{"date":"2026-06-26","price":2944.7614},{"date":"2026-07-10","price":2906.0}],"price_pressure_gaps":[{"date":"2026-07-03","price":3071.9306}]}},"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":[2259.688,2294.6831,2144.7039,2204.6953,2064.7148,2124.7065,2044.7175,1969.7279,2124.7065,2104.7092,2169.7002,2074.7134,2104.7092,2089.7112,2059.7673,2069.7661,2114.7612,2069.7661,2104.7622,2099.7629,1987.7755,2064.7668,2159.7561,2099.7629,1927.7822,2024.7712,1949.7798,1915.7836,1907.7845,1881.7874,1881.7874,1783.7985,1587.8207,1581.8213,1727.8048,1677.8104,1737.8037,1791.7976,1903.7849,1797.7969,1789.7979,1805.796,1799.7968,1793.7974,1937.7811,2004.7736,1999.9451,2029.9442,1907.9476,1787.9509,1837.9495,1811.9502,1871.9486,1841.9493,1833.9496,1821.95,1893.948,1863.9487,2009.9448,1979.9456,1817.9501,1913.9474,1891.948,1785.9509,2074.9429,1921.9471,1972.0,2150.0,2050.0,2095.0,2055.0,2055.0,2110.0,2410.0,2505.0,2515.0,2450.0,2590.0,2635.0,2640.0,2550.0,2515.0,2390.0,2395.0,2500.0,2642.0,2876.0,2792.0,2896.0,2960.0,2956.0,3154.0,3278.0,3042.1253,2859.3196,3050.0734,2944.7614,3071.9306,2906.0,2832.0,2992.0,2732.0,2888.0,2916.0],"consensus":[-24.0914,0.0,-51.7095,0.0,-58.4465,-12.2091,-40.2412,-46.5396,25.9483,-15.6369,21.1075,-23.0296,0.0,0.0,-13.2883,0.0,0.0,-18.1153,0.0,-8.2233,-40.2237,14.6675,28.6735,-10.2888,-45.3712,13.8296,-35.306,-29.1296,-21.0579,-26.8983,-18.2081,-42.3843,-68.8237,-29.0647,12.0359,-31.288,13.3859,15.0704,44.5404,-17.6695,0.0,0.0,-14.0743,0.0,51.3252,35.0452,24.7584,26.5889,-20.9886,-42.4465,0.0,-29.7729,9.5184,-9.2239,-8.4205,-10.8617,28.5129,-9.1162,54.6578,8.3277,-35.929,28.9255,-13.6124,-41.3564,58.7618,-23.1171,18.9701,57.5705,-8.3918,37.1375,0.0,0.0,25.7759,73.1653,61.8249,41.9291,22.2458,54.2035,44.0362,36.5828,0.0,0.0,-31.9774,-15.5367,24.7222,43.9134,68.5107,0.0,52.696,43.9035,21.0767,68.7325,65.5347,0.0,0.0,29.8509,0.0,19.4669,-10.9707,-33.2537,30.1588,-51.8363,18.6302,9.4857],"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":[14.6237,-16.1514,-10.9812,-15.6978,31.9209,-13.9867,50.9367,0.5681,-29.4546,31.572,-11.5907,-36.0667,50.1269,-29.1913,17.6663,52.4412,-9.4482,39.7907,0.0,0.0,21.304,72.0964,62.4401,39.0679,15.2544,54.893,46.9039,38.4601,0.0,0.0,-23.9471,-10.5404,32.706,46.5934,67.6229,0.0,52.2722,43.6801,18.3305,67.0441,67.6417,0.0,0.0,45.5906,0.0,22.8208,-15.0239,-31.616,29.6163,-44.0068,19.0607,8.0763],"force":[17.2232,-15.0325,-9.3779,-11.4825,48.0251,-20.1829,80.1832,15.9218,-68.9054,47.9687,-20.9972,-60.7707,90.9846,-52.9679,20.4251,77.6615,-38.4943,35.2996,0.0,0.0,33.0228,94.4648,59.4909,17.8368,13.2009,51.3444,27.4677,13.8211,0.0,0.0,-63.1463,-18.7586,37.2507,51.7802,87.4854,0.0,52.5671,30.081,1.9653,86.2449,68.5733,0.0,0.0,28.0504,0.0,10.9886,-19.4061,-41.0525,58.1797,-77.8964,53.1539,18.1597],"direction":[1.8196,-2.8422,-4.8102,-4.8912,10.6809,-4.3549,40.678,34.5169,-19.7737,12.2986,-10.6481,-33.5343,45.6139,-5.1468,19.421,49.0819,-14.3174,35.4182,0.0,0.0,25.7102,59.173,62.7888,62.4079,55.5549,55.4577,52.5935,50.6958,0.0,0.0,-18.8915,-18.9453,6.6491,35.2314,55.9722,0.0,53.2724,54.0321,40.6736,58.1533,60.9562,0.0,0.0,13.1488,0.0,21.6897,-0.3133,-29.5549,10.7639,-42.1698,6.5216,4.9005],"intensity":[30.7692,5.7692,5.7692,15.3846,40.3846,48.0769,88.4615,78.8462,100.0,75.0,34.6154,63.4615,100.0,88.4615,63.4615,94.2308,51.9231,46.1538,30.7692,34.6154,48.0769,100.0,92.3077,75.0,34.6154,76.9231,69.2308,13.4615,65.3846,59.6154,71.1538,11.5385,55.7692,88.4615,94.2308,84.6154,46.1538,75.0,34.6154,92.3077,94.2308,92.3077,100.0,90.3846,63.4615,84.6154,80.7692,21.1538,73.0769,92.3077,69.2308,71.1538],"confirmation":[48.9244,48.9628,48.0181,48.7543,77.6669,49.4426,86.3251,5.4407,80.6009,77.7962,72.6118,81.9063,87.9174,54.646,74.1347,87.113,29.3077,79.7876,28.053,25.2489,76.5373,92.0783,87.7035,80.7267,31.6278,85.2475,81.5429,78.9842,33.7662,3.6028,79.3051,73.1461,53.5046,82.2512,90.5152,9.6087,84.8652,81.6313,51.8367,90.5539,89.0316,32.4618,2.1023,77.2576,3.6821,73.9199,49.0393,78.9038,78.5131,85.5011,53.7319,35.0313],"persistence":[12.5,12.5,37.5,62.5,37.5,37.5,25.0,0.0,25.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,12.5,25.0,25.0,50.0,50.0,50.0,75.0,75.0,87.5,100.0,87.5,75.0,50.0,25.0,25.0,25.0,25.0,12.5,25.0,37.5,62.5,87.5,87.5,75.0,62.5,75.0,62.5,62.5,37.5,12.5,12.5,0.0,12.5,12.5],"assessmentRisk":[28.6659,37.0841,1.3445,12.547,0.5287,21.8688,21.9743,44.6513,18.3869,12.9049,39.2271,28.6014,19.6782,14.9218,19.8696,20.8948,5.2213,24.8851,28.6206,29.3981,9.3999,12.4417,18.9519,28.9237,38.297,18.5338,20.6409,23.5248,40.1015,33.4387,33.0104,41.2883,34.1643,18.8802,15.7388,46.9902,23.5988,27.8559,23.133,15.5118,17.1388,30.9038,28.7182,46.468,49.2575,0.3007,20.2412,28.9432,0.5396,22.65,14.7215,18.592],"volumeParticipation":true,"latest":{"consensus":9.5,"control":8.1,"force":18.2,"direction":4.9,"confirmation":35.0,"persistence":12.5,"assessmentRisk":18.6,"intensity":71.2,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the upward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":true},"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":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+9.5","detail":"Price structure has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+8.1","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+18.2","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction 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