{"schema_version":"1.0","name":"TEP Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"1ec6b7a7-59b0-4936-84a2-3face08211ab","symbol":"TEP","name":"Teleperformance SE","exchange":"PAR","country":"FR","asset_type":"equity","currency":"EUR","sector":"Industrials","industry":"Specialty Business Services"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","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, Drawdown and recovery pressure, Range position and boundary pressure, Acceleration, deceleration and rollover, 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. 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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 strength ahead of price","tone":"positive","headline":"Underlying strength is leading price","use":"A positive price response is needed before the early upside case is confirmed.","confirm":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":15.4,"averageReturn":-9.8,"sample":13},"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 is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"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":"Early repair watch","title":"Prepare the case before price confirms the recovery","tone":"recovery","approach":"Use the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.","finding":"In this ticker's completed record, 15.4% of comparable cases moved higher after 12 weeks, with an average move of -9.8% across 13 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 4.5 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 6.1% across 13 completed cases, with the largest move arriving after 4.7 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":[{"date":"2026-04-24","price":50.780632}],"distribution_rollovers":[],"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":[94.4215,88.4368,87.2023,90.3959,88.0432,87.2023,86.5225,79.0976,88.6694,85.9321,87.5781,84.6975,81.334,80.1532,79.6343,78.8829,76.3423,73.7481,73.4976,74.0522,74.41,77.2905,78.3103,81.0835,83.4273,91.6931,90.3065,82.8905,91.7825,85.7889,81.9423,86.1468,77.0579,77.38,79.6164,82.4254,80.01,83.5346,85.0912,81.8528,83.4843,85.5095,85.0782,70.6578,76.7523,78.4587,81.309,80.8402,83.8405,63.7758,65.9323,67.9575,67.7325,61.8069,61.6756,59.1253,61.4131,58.4315,60.0067,59.2753,60.4004,62.5382,58.0939,54.1748,55.7687,56.0687,55.5437,56.35,57.5689,57.0063,57.1938,59.1628,58.6753,54.006,55.0749,51.1932,48.9242,48.7179,48.7554,48.2679,53.2559,48.0428,47.9116,44.0768,46.0832,46.477,53.2747,50.7806,53.9497,59.5379,65.3322,67.695,63.04,59.24,55.68,55.12,51.62,51.9,52.12,54.86,56.32,70.08,70.0,70.86],"consensus":[10.7129,-42.0571,-18.8747,11.6548,-31.1023,-9.2255,-9.1112,-55.0099,33.2968,-24.5211,8.0777,-15.7961,-37.4189,-25.4633,-21.9188,-19.0673,-42.9368,-38.894,-25.2815,-20.8048,-16.8254,20.2754,11.1207,29.9323,39.5365,69.2183,32.7849,-24.605,57.49,-26.1239,-33.9768,24.6267,-52.447,-10.1331,0.0,15.1494,-16.9649,31.3855,13.0295,-18.6102,9.696,25.1344,0.0,-65.1124,11.7179,-8.3987,0.0,10.0583,33.0897,-70.3436,-17.4675,-11.6745,-39.0271,-58.4158,-29.0898,-53.8691,0.0,-47.0528,0.0,-22.9804,0.0,14.6346,-46.4991,-56.9199,-20.8571,-11.6428,-23.4452,0.0,8.2049,-8.3503,0.0,26.2856,0.0,-48.1534,0.0,-56.4118,-53.0183,-31.8984,-26.9411,-26.863,38.4611,-45.9422,-20.893,-52.5346,-10.5754,-21.7033,51.7548,0.0,47.7739,68.3382,73.0168,46.2633,0.0,-9.9286,-16.3508,-25.184,-27.2378,-15.4186,-8.2611,16.1223,29.0009,72.4506,52.1523,48.1405],"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":[-40.5523,-66.5108,-27.0928,-57.0092,0.0,-49.1671,0.0,-26.8773,0.0,11.7517,-54.0289,-58.7817,-19.4999,-0.622,-21.2871,0.0,6.4452,-12.2723,0.0,27.0795,0.0,-49.1125,0.0,-52.2758,-55.2419,-30.2986,-21.8464,-23.8879,30.8444,-49.0462,-25.0173,-51.5732,-2.6611,-27.3829,46.7993,0.0,46.5774,65.899,76.6676,34.1826,0.0,-20.457,-10.4893,-26.3094,-20.5584,-5.8638,-1.2865,19.4137,27.9047,65.7445,57.2,47.6984],"force":[-21.9933,-65.9191,-5.4935,-44.3458,0.0,-44.5515,0.0,-7.0599,0.0,36.6146,-53.7812,-66.9256,-5.1134,-8.8101,-15.0115,0.0,23.4138,-6.8478,0.0,34.3035,0.0,-69.8133,0.0,-77.8406,-52.0526,-13.5528,-7.8272,-15.2888,81.7351,-69.7218,-9.1054,-64.8736,-18.6076,-8.3572,79.7915,0.0,56.2526,83.7873,74.8331,33.328,0.0,-34.6529,-20.9135,-24.0083,-18.5505,-1.3924,-8.4189,35.99,38.2188,96.7309,28.8244,27.3079],"direction":[-49.4511,-43.8049,-48.2264,-57.0827,0.0,-46.423,0.0,-29.8986,0.0,2.2295,-32.6923,-47.6451,-40.9584,-40.2688,-31.9356,0.0,0.6474,-4.9414,0.0,19.6511,0.0,-31.5859,0.0,-45.8324,-51.1669,-46.8307,-46.4163,-38.5305,16.2558,-25.4092,-24.5993,-44.8199,-40.4653,-24.7452,37.392,0.0,43.0851,60.0908,67.5472,69.3095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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":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+48.1","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+47.7","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+27.3","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+63.5","detail":"Upward 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