{"schema_version":"1.0","name":"BRN Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"1b28d108-4353-4bd7-a23f-5140baad5d81","symbol":"BRN","name":"Brimstone Investment Corporation Limited","exchange":"JNB","country":"ZA","asset_type":"equity","currency":"ZAC","sector":"Consumer Defensive","industry":"Packaged Foods"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","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, Acceleration, deceleration and rollover, Drawdown and recovery pressure, Activity pressure and cumulative balance, 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 upward","stateTone":"positive","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","evidenceAlignment":{"status":"Evidence aligned","headline":"Upward price structure retains strong Market Dynamics support","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. The completed evidence supports the upward price structure.","take":"The advance remains supported. 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.3,"sample":24},{"week":2,"averageReturn":2.9,"sample":23},{"week":3,"averageReturn":2.8,"sample":23},{"week":4,"averageReturn":2.4,"sample":23},{"week":5,"averageReturn":2.4,"sample":23},{"week":6,"averageReturn":3.5,"sample":23},{"week":7,"averageReturn":2.3,"sample":22},{"week":8,"averageReturn":2.9,"sample":22},{"week":9,"averageReturn":2.7,"sample":21},{"week":10,"averageReturn":0.9,"sample":21},{"week":11,"averageReturn":1.6,"sample":21},{"week":12,"averageReturn":2.0,"sample":21},{"week":13,"averageReturn":2.2,"sample":20},{"week":14,"averageReturn":2.3,"sample":20},{"week":15,"averageReturn":1.3,"sample":20},{"week":16,"averageReturn":1.5,"sample":20},{"week":17,"averageReturn":2.0,"sample":20},{"week":18,"averageReturn":2.6,"sample":20},{"week":19,"averageReturn":1.2,"sample":20},{"week":20,"averageReturn":-0.8,"sample":20},{"week":21,"averageReturn":0.2,"sample":20},{"week":22,"averageReturn":1.6,"sample":19},{"week":23,"averageReturn":-0.0,"sample":19},{"week":24,"averageReturn":1.4,"sample":19},{"week":25,"averageReturn":-0.9,"sample":19},{"week":26,"averageReturn":-1.9,"sample":19}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":3,"completedEpisodes":1,"activeEpisodes":2,"medianExpectedMove":20.2,"averageExpectedMove":20.2,"averageWeeksToLargestMove":6.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-10.0,"medianReturn":-10.0,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-16.5,"medianReturn":-16.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-4.2,"sample":3},{"week":2,"averageReturn":-4.0,"sample":3},{"week":3,"averageReturn":-5.2,"sample":2},{"week":4,"averageReturn":-10.0,"sample":2},{"week":5,"averageReturn":-6.2,"sample":2},{"week":6,"averageReturn":-20.2,"sample":1},{"week":7,"averageReturn":-10.7,"sample":1},{"week":8,"averageReturn":-18.0,"sample":1},{"week":9,"averageReturn":-19.6,"sample":1},{"week":10,"averageReturn":-18.8,"sample":1},{"week":11,"averageReturn":-14.7,"sample":1},{"week":12,"averageReturn":-16.5,"sample":1},{"week":13,"averageReturn":-21.7,"sample":1},{"week":14,"averageReturn":-18.0,"sample":1},{"week":15,"averageReturn":-10.3,"sample":1},{"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":"Evidence aligned","tone":"positive","headline":"Price and Market Dynamics remain aligned upward","use":"The advance retains underlying support while price structure and Market Dynamics remain intact.","confirm":"The advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"A recent green marker confirmed a recovery from accumulation conditions. Price is now being tested for durable follow-through away from the zone.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":38.1,"averageReturn":-0.8,"sample":21},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price structure is upward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"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":"Trend participation","title":"Let confirmation support the position, then manage extension","tone":"positive","approach":"This is most useful for holding or selectively adding to an established upward case. Risk should still tighten as price becomes extended; confirmation is support, not immunity from reversal.","finding":"In this ticker's completed record, 38.1% of comparable cases moved higher after 12 weeks, with an average move of -0.8% across 21 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 1 cases. Distinct visits lasted 1.7 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 improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 12.9% across 21 completed cases, with the largest move arriving after 6.1 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2025-10-10","price":450.64859},{"date":"2026-07-31","price":590.0}],"distribution_rollovers":[{"date":"2026-03-06","price":534.58313}],"price_pressure_gaps":[{"date":"2026-02-13","price":609.524658},{"date":"2026-07-10","price":579.0},{"date":"2026-07-31","price":590.0}]}},"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":[549.0883,510.153,569.0552,534.1132,544.0966,554.08,520.1364,520.1364,524.1298,524.1298,529.1215,498.1729,532.1165,504.1629,509.1546,500.1695,504.1629,514.1463,499.1712,504.1629,502.1662,517.1414,504.1629,526.1264,509.1546,500.1695,499.1712,479.2043,478.206,424.2955,419.3038,429.2872,459.2375,492.1828,449.6494,449.6494,429.6649,409.6805,439.6571,409.6805,409.6805,448.6501,411.679,439.6571,422.6704,439.6571,418.6735,436.6595,413.6774,473.6306,471.6322,467.6353,468.6346,476.6283,4.6963,4.7963,479.626,499.6104,450.6486,450.6486,449.6494,454.6454,463.6385,463.6385,428.6657,449.6494,519.5948,568.5566,523.5917,529.587,529.587,528.5878,499.6104,500.6096,547.573,536.5815,539.5792,609.5247,614.5208,578.5488,534.5831,518.5956,549.5714,486.6205,544.5753,499.6104,490.0,495.0,520.0,509.0,477.0,500.0,547.0,5.3,5.4,5.4,5.4,5.8,579.0,541.0,565.0,590.0,550.0,564.0],"consensus":[49.5543,-48.8047,59.0342,-15.3886,20.0206,45.6759,-43.3706,-12.9216,-8.7974,0.0,17.1895,-53.9823,37.2935,-51.3426,-10.7382,-13.5135,-18.9718,11.2044,-38.8901,-9.2984,-20.6883,24.5092,-32.0936,46.9984,-19.1869,-35.4524,0.0,-50.3318,-41.6828,-82.4271,-50.0962,-9.592,14.9389,55.9689,-36.6781,11.2113,-36.9016,-48.0908,18.0483,-45.1376,-24.6081,28.5733,-43.3962,31.0438,-26.4199,18.917,-22.8125,20.7624,-33.8812,60.981,34.5214,0.0,32.998,32.87,-78.0095,-37.2775,38.5748,21.6434,0.0,37.4491,0.0,0.0,23.7744,17.7325,-23.3596,20.6415,67.7887,72.363,0.0,45.7755,33.4196,20.154,-26.3162,11.7102,57.9549,0.0,21.9293,69.4656,38.4659,0.0,-15.676,-37.7722,19.1491,-58.6245,40.4952,-52.4,-34.4637,0.0,23.5046,-20.5754,-43.7515,21.1754,36.2872,-67.7584,-46.4522,-46.7963,-34.9161,-36.3503,53.0181,16.9568,52.6024,56.9788,0.0,48.2],"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":[33.6292,33.2548,-78.7292,-21.6683,51.1781,12.8362,0.0,41.4735,0.0,0.0,25.6192,17.8883,-27.4688,23.1237,67.7675,71.3574,0.0,48.8533,44.6664,35.0362,-20.9106,27.224,59.7833,0.0,15.2357,64.9675,32.9405,0.0,-16.5293,-41.9071,38.8558,-52.7107,41.047,-52.4923,-31.5772,0.0,29.548,-32.5144,-54.801,21.2974,27.6147,-60.0552,-38.9861,-38.5061,-15.9308,-37.3458,57.9764,0.8985,48.1157,61.1295,0.0,59.3527],"force":[22.228,41.9315,-79.6778,-0.8253,31.6605,14.5912,0.0,22.0397,0.0,0.0,13.0841,2.1142,-49.5077,25.4739,90.7607,89.2073,0.0,34.6725,13.8155,4.0816,-72.0644,7.4651,83.8868,0.0,12.2543,91.1534,19.5424,0.0,-28.0893,-36.318,31.6858,-81.0667,85.4401,-82.695,-27.5239,0.0,65.5585,-20.3059,-40.9621,64.9767,65.3429,-67.3287,-10.4025,-10.44,-1.2371,-0.728,40.879,17.0719,43.426,35.4306,0.0,26.4266],"direction":[39.9696,25.9578,-75.9954,-81.154,29.1099,36.7461,0.0,43.8565,0.0,0.0,29.3021,28.7103,-0.0139,14.353,51.4045,61.4806,0.0,50.1886,34.569,14.6259,-0.1833,2.9878,37.3424,0.0,36.4899,59.1149,58.2974,0.0,-5.834,-34.0853,12.3276,-49.3529,7.7612,-30.6553,-42.7197,0.0,13.4407,-7.1233,-33.116,10.2507,25.4445,-76.8691,-80.7346,-82.2395,-82.4374,-61.6971,56.0225,59.6153,64.2845,67.6267,0.0,51.0065],"intensity":[15.3846,61.5385,100.0,1.9231,100.0,50.0,84.6154,84.6154,3.8462,78.8462,26.9231,17.3077,75.0,46.1538,92.3077,86.5385,78.8462,73.0769,13.4615,50.0,48.0769,50.0,84.6154,57.6923,15.3846,90.3846,92.3077,86.5385,86.5385,25.0,53.8462,84.6154,78.8462,65.3846,13.4615,65.3846,38.4615,82.6923,51.9231,34.6154,96.1538,100.0,3.8462,1.9231,7.6923,9.6154,98.0769,57.6923,32.6923,38.4615,59.6154,19.2308],"confirmation":[78.2215,78.7887,93.0029,56.3891,79.9412,74.8452,31.5181,79.4528,3.8453,4.0931,75.2539,50.5294,53.5456,74.7147,90.3928,91.6848,33.0635,82.2629,77.9254,51.066,55.2702,26.6855,87.308,5.0828,74.8245,90.9585,79.8166,10.4649,50.715,79.9798,31.506,87.5339,59.6531,85.6899,78.8609,4.3937,34.245,51.7273,81.7471,32.9626,80.6296,89.787,81.8798,81.9931,55.9579,55.9756,84.5203,8.2758,84.6215,85.5133,8.2255,90.5905],"persistence":[37.5,37.5,37.5,12.5,37.5,37.5,25.0,37.5,25.0,12.5,37.5,62.5,37.5,37.5,50.0,50.0,50.0,62.5,62.5,62.5,62.5,62.5,62.5,50.0,62.5,62.5,62.5,50.0,50.0,25.0,25.0,12.5,12.5,12.5,37.5,37.5,12.5,12.5,37.5,12.5,12.5,12.5,12.5,25.0,50.0,50.0,25.0,25.0,25.0,0.0,12.5,37.5],"assessmentRisk":[32.0298,10.7226,10.9248,31.2848,16.3487,4.6995,47.5761,30.4296,7.8194,10.4491,8.4064,5.3855,6.0783,11.659,19.4074,2.4301,29.4329,26.3882,1.6561,54.3049,19.9559,43.1469,3.6284,10.1081,31.1531,15.0913,28.7762,43.6842,0.0882,30.8868,58.0798,20.1299,7.7297,4.2124,27.8218,10.8807,39.848,22.1793,3.2507,3.3265,13.4869,16.0072,26.597,26.4771,32.4749,18.3462,22.957,40.7636,23.0877,21.0215,8.3218,18.8892],"volumeParticipation":true,"latest":{"consensus":48.2,"control":59.4,"force":26.4,"direction":51.0,"confirmation":90.6,"persistence":37.5,"assessmentRisk":18.9,"intensity":19.2,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+48.2","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+59.4","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+26.4","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+51.0","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"91/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned upward","detail":"completed-week alignment","tone":"positive"},{"label":"Momentum","value":"57.5","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"14.4%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"21.2","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"88%","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 envelope.","reason":"Selected as the anchor because price and its trend references are aligned 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