{"schema_version":"1.0","name":"4014 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"1e1e8dd5-10bc-4771-b51e-7f22443755ee","symbol":"4014","name":"Scientific and Medical Equipment House Company","exchange":"SAU","country":"SA","asset_type":"equity","currency":"SAR","sector":"Healthcare","industry":"Medical Instruments & Supplies"},"summary":"Price structure and the underlying tape currently reinforce the same downside read.","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 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":9.9,"averageExpectedMove":9.9,"averageWeeksToLargestMove":9.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-2.3,"medianReturn":-2.3,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-8.2,"medianReturn":-8.2,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-13.7,"medianReturn":-13.7,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.3,"sample":1},{"week":2,"averageReturn":-2.1,"sample":1},{"week":3,"averageReturn":-1.4,"sample":1},{"week":4,"averageReturn":-2.3,"sample":1},{"week":5,"averageReturn":-1.2,"sample":1},{"week":6,"averageReturn":-7.3,"sample":1},{"week":7,"averageReturn":-9.7,"sample":1},{"week":8,"averageReturn":-8.3,"sample":1},{"week":9,"averageReturn":-9.9,"sample":1},{"week":10,"averageReturn":-4.3,"sample":1},{"week":11,"averageReturn":-4.5,"sample":1},{"week":12,"averageReturn":-8.2,"sample":1},{"week":13,"averageReturn":-9.4,"sample":1},{"week":14,"averageReturn":-10.3,"sample":1},{"week":15,"averageReturn":-8.5,"sample":1},{"week":16,"averageReturn":-8.3,"sample":1},{"week":17,"averageReturn":-10.8,"sample":1},{"week":18,"averageReturn":-12.8,"sample":1},{"week":19,"averageReturn":-9.6,"sample":1},{"week":20,"averageReturn":-9.2,"sample":1},{"week":21,"averageReturn":-9.2,"sample":1},{"week":22,"averageReturn":-7.8,"sample":1},{"week":23,"averageReturn":-8.1,"sample":1},{"week":24,"averageReturn":-8.9,"sample":1},{"week":25,"averageReturn":-11.6,"sample":1},{"week":26,"averageReturn":-13.7,"sample":1}]},"currentApplication":{"status":"Evidence aligned downward","tone":"negative","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"accumulation","zoneContext":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":70.0,"averageReturn":-2.7,"sample":10},"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 structure is downward","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":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 70.0% of comparable cases moved lower after 12 weeks, with an average move of -2.7% across 10 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, 0.0% of completed 12-week outcomes were higher across 2 cases. Distinct visits lasted 6.0 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 improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 8.4% across 12 completed cases, with the largest move arriving after 5.7 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":[],"distribution_rollovers":[{"date":"2024-09-20","price":53.633537},{"date":"2024-10-04","price":50.865967}],"price_pressure_gaps":[{"date":"2024-08-23","price":54.874168}]}},"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":[54.8742,55.065,53.729,54.1107,53.6335,54.2061,50.866,49.5299,50.2934,49.4345,52.4883,52.3929,50.3888,49.7208,49.2436,50.2092,50.3065,48.9442,47.8739,49.6253,49.8199,49.8199,50.5984,50.4038,50.0146,48.5063,47.3387,46.9008,43.3005,41.7923,41.5491,40.722,39.457,38.7272,39.6516,40.1381,39.4084,38.2894,38.8245,37.7542,36.9271,36.1973,34.7864,32.3538,36.1,36.5476,37.9099,36.859,35.088,34.4458,34.8934,35.1464,35.847,36.2946,36.8784,35.1,37.3,37.7,39.38,39.2,40.0,38.62,39.18,36.94,35.66,34.28,33.1,33.88,33.46,32.42,32.08,32.34,32.58,32.32,33.1,32.52,31.06,31.16,29.58,28.06,27.94,29.5,31.9,31.0,31.48,31.1,30.9796,30.1857,29.8179,29.9147,29.3144,29.0821,29.0821,29.5081,29.8953,30.18,29.64,29.5,28.88,28.54,27.8,27.28,27.52,27.32],"consensus":[54.6065,31.0562,0.0,27.7667,0.0,16.0006,-44.446,-38.5708,-16.1598,-36.9798,39.9207,13.5694,-18.3363,-16.852,-27.1171,0.0,0.0,-37.4059,-38.8022,14.2695,0.0,-9.2373,23.432,0.0,0.0,-44.3667,-50.087,-40.7824,-72.2018,-56.215,-50.375,-52.5309,-57.7175,-29.7532,-24.391,-12.6092,-35.0593,-47.4409,-22.3372,-45.8278,-43.165,-44.2608,-59.8333,-60.6178,18.4511,-9.6562,31.1489,-15.2511,-43.1731,-40.2803,-10.1539,-12.6118,10.4083,12.5071,27.19,-37.5807,47.3089,31.8353,63.8504,28.1002,48.6807,0.0,27.1046,-43.1363,-50.3693,-55.9694,-58.4305,-10.1833,-41.2379,-49.8475,-42.2599,-13.1198,-23.8397,-30.436,0.0,-31.0706,-53.7712,-23.2162,-63.2904,-65.9947,-23.2957,0.0,42.1699,-12.6763,19.6659,0.0,0.0,-25.0557,-25.2697,-15.2976,-39.3024,-19.3862,-18.7304,0.0,16.1522,0.0,-21.334,0.0,-36.0716,-35.5607,-44.4257,-45.0846,-23.5757,-40.8492],"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":[4.921,2.2776,23.0799,-45.6571,45.3847,30.2467,58.8649,19.735,41.3687,0.0,31.4946,-41.8978,-58.3003,-60.1177,-58.0862,-5.4768,-44.3225,-54.3749,-51.2279,-1.9881,-26.1354,-38.1621,0.0,-38.6193,-58.5167,-21.7832,-69.6171,-70.2533,-9.0556,0.0,32.2457,-27.1253,11.3355,0.0,0.0,-27.0004,-24.4202,-14.8822,-42.4555,-15.6374,-19.3815,0.0,14.1571,0.0,-35.284,0.0,-36.9079,-36.235,-46.0268,-33.6744,-22.6569,-48.2268],"force":[27.8528,18.6734,29.6802,-61.0461,69.7245,26.2654,82.79,2.8623,49.3453,0.0,22.3265,-72.8991,-50.7901,-56.9023,-62.8741,-33.7464,-29.348,-43.2159,-24.0573,-13.2569,-4.7057,-22.3207,0.0,-38.1067,-59.5817,-2.5682,-63.4185,-65.8932,-3.893,0.0,79.3692,-30.4608,23.7241,0.0,0.0,-31.1922,-21.7067,-4.673,-42.2767,-7.7898,-4.6582,0.0,31.5421,0.0,-33.2389,0.0,-43.4524,-31.1098,-38.9754,-58.1745,-1.0027,-28.7814],"direction":[4.2192,19.7935,30.1086,-11.5895,33.4968,37.6294,56.0197,55.6874,56.5626,0.0,25.5005,-23.2928,-41.0048,-50.562,-55.6501,-46.9403,-46.2056,-49.4104,-45.0127,-44.6821,-34.8831,-27.403,0.0,-17.4178,-44.1975,-39.6024,-55.9685,-61.2003,-58.9906,0.0,26.9409,-16.5399,26.2877,0.0,0.0,-18.4498,-28.7857,-23.3614,-33.5743,-31.9538,-28.0378,0.0,7.4396,0.0,-3.1124,0.0,-29.8438,-37.9693,-46.489,-48.775,-40.7494,-41.0376],"intensity":[21.1538,36.5385,11.5385,71.1538,80.7692,76.9231,63.4615,19.2308,30.7692,53.8462,15.3846,86.5385,86.5385,63.4615,40.3846,44.2308,59.6154,32.6923,21.1538,46.1538,61.5385,1.9231,19.2308,9.6154,67.3077,46.1538,61.5385,75.0,69.2308,86.5385,92.3077,73.0769,3.8462,26.9231,3.8462,26.9231,13.4615,1.9231,13.4615,40.3846,5.7692,34.6154,5.7692,40.3846,21.1538,19.2308,21.1538,25.0,50.0,88.4615,88.4615,26.9231],"confirmation":[26.6126,49.6794,76.8393,80.6179,83.8513,78.0418,89.0853,53.6837,83.7095,32.5847,76.461,82.7296,84.0102,85.8754,86.8384,9.1908,80.7868,83.6801,80.8318,6.3922,52.3439,77.3745,26.6659,78.042,85.3116,52.1551,88.1604,89.0503,53.0068,11.6207,82.7793,30.5734,74.5437,24.6264,1.3511,76.1752,75.9907,49.9111,80.6194,51.2406,50.8883,3.2856,51.0015,49.6331,52.9744,24.9643,79.7551,79.2335,82.0257,82.9999,52.2036,88.5915],"persistence":[50.0,25.0,25.0,25.0,0.0,25.0,50.0,75.0,75.0,62.5,62.5,62.5,37.5,12.5,12.5,37.5,62.5,75.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,87.5,87.5,87.5,75.0,62.5,62.5,37.5,25.0,12.5,12.5,12.5,25.0,50.0,50.0,75.0,75.0,62.5,50.0,50.0,37.5,37.5,37.5,37.5,50.0,75.0,87.5],"assessmentRisk":[17.7749,35.6524,29.6011,17.2906,14.1543,26.7442,16.6426,35.8757,24.9256,39.0094,23.2596,25.9592,24.6975,21.8734,20.7732,43.84,26.2802,21.7449,15.6939,40.0049,24.6965,9.4872,36.8393,25.8265,21.3073,34.3281,18.3456,17.0014,38.3347,49.626,27.3362,55.7557,39.9549,42.0824,32.7983,18.2893,32.3697,32.5056,26.0023,30.4824,24.3353,19.7868,22.7606,45.3852,54.6583,2.7189,31.4507,32.1984,27.7807,27.4566,38.1023,29.4102],"volumeParticipation":true,"latest":{"consensus":-40.8,"control":-48.2,"force":-28.8,"direction":-41.0,"confirmation":88.6,"persistence":87.5,"assessmentRisk":29.4,"intensity":26.9,"evidenceDepth":100},"analysis":{"status":"Joint 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":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-40.8","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-48.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-28.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-41.0","detail":"Downward 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