{"schema_version":"1.0","name":"MKC Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"21c10501-75cd-47e3-9734-196b9cb3b93c","symbol":"MKC","name":"McCormick & Company, Incorporated","exchange":"MEX","country":"MX","asset_type":"equity","currency":"MXN","sector":"Consumer Defensive","industry":"Packaged Foods"},"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, Acceleration, deceleration and rollover, Directional strength and control, 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":"Rotational","stateTone":"caution","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":"caution","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":50.0,"averageReturn":-7.5,"sample":4},"nowContext":{"label":"Slightly 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, 50.0% of comparable cases moved higher after 12 weeks, with an average move of -7.5% across 4 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 4.0 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 8.7% across 4 completed cases, with the largest move arriving after 6.8 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":"2026-07-10","price":890.0}],"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":[1163.2042,1163.2042,1163.2042,1163.2042,1163.2042,1624.0966,1624.0966,1624.5156,1624.5156,1624.5156,1624.5156,1624.5156,1624.5156,1624.5156,1624.5156,1624.5156,1624.5156,1624.5156,1624.5156,1624.9647,1624.9647,1624.9647,1624.9647,1624.9647,1624.9647,1624.9647,1624.9647,1624.9647,1624.9647,1624.9647,1624.9647,1624.9647,1624.9647,1625.4139,1625.4139,1625.4139,1625.4139,1625.4139,1625.4139,1625.4139,1360.8348,1360.8348,1360.8348,1360.8348,1453.6873,1453.6873,1454.1365,1454.1365,1454.1365,1454.1365,1454.1365,1454.1365,1341.1014,1298.3362,1298.3362,1298.3362,1221.4347,1221.4347,1221.4347,1205.8549,1206.3044,1206.3044,1206.3044,1206.3044,1206.3044,1206.3044,1206.3044,1206.3044,1206.3044,1206.3044,1206.3044,1206.7842,1206.7842,1206.7842,1061.4583,1061.4583,1061.4583,1208.3033,1208.3033,1208.3033,1208.3033,1109.0339,956.312,931.0248,861.5603,889.546,940.52,915.0,901.69,843.4,799.0,812.0,812.0,822.9908,835.3498,810.5983,882.0155,918.7843,890.0,932.0,888.0,883.0,908.59,928.0],"consensus":[0.0,0.0,0.0,0.0,0.0,85.6728,55.6604,56.0225,55.5835,43.9746,43.6084,42.9462,42.3983,41.7239,40.85,39.6499,37.943,35.5658,32.5499,30.4308,26.7922,24.4379,22.7153,20.9013,19.9256,19.1255,18.4145,17.7385,17.0635,16.3685,15.6406,14.8728,14.0628,16.9576,14.297,13.5002,12.6812,10.2535,9.2965,8.3365,-86.1731,-55.5592,-55.4863,-55.2201,20.514,-21.0147,-19.209,-18.1793,-27.7297,-25.8943,-24.2828,-22.2626,-83.4321,-81.2081,-48.2255,-48.0556,-83.7781,-51.4062,-51.0034,-71.1873,-31.7428,-43.2781,-42.3296,-33.676,-32.1074,-30.034,-27.8448,-25.6881,-23.6933,-21.9316,-20.4111,-17.2455,-17.0147,-15.8861,-79.1706,-47.7773,-48.7702,57.9129,38.8798,39.5746,39.6869,-67.7647,-76.6329,-71.4645,-80.9116,-34.2908,-9.1006,-58.2636,-51.4859,-81.6365,-77.5428,-18.6037,-41.7459,-30.0778,-12.8884,-39.2128,42.4133,44.5417,0.0,35.4148,-24.0869,-10.5347,52.22,45.8455],"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":[-77.9314,-95.1094,-40.0418,-39.5447,-96.8396,-40.5314,-40.047,-77.5504,-16.245,-38.5113,-38.0047,-37.4998,-36.9956,-36.4892,-35.9755,-35.4473,-34.896,-34.3115,-33.6838,-31.5421,-31.9775,-31.1433,-74.9255,-41.633,-41.2044,58.8078,30.9404,30.019,29.0284,-62.8776,-94.5571,-83.5245,-95.0934,-21.546,-9.6235,-73.5276,-69.8235,-86.0976,-74.3789,-6.7721,-36.2807,-27.7341,-24.3251,-49.0217,44.1042,41.9229,0.0,21.3905,-40.8682,-4.5842,46.442,55.6232],"force":[-99.9973,-56.5132,-10.44,-10.44,-57.9033,-17.9711,-17.9833,-41.7532,-5.6909,-7.073,-7.416,-0.2965,-0.0,-0.0,-0.0,-0.0,-0.0,-0.0,-0.0,-3.0565,-1.0579,-1.139,-100.0,-18.0,-18.0,83.1172,17.9999,18.0,18.0,-99.9384,-56.7343,-44.8577,-56.4656,-8.4581,-30.7625,-32.2227,-46.0325,-90.1613,-86.3137,-37.5976,-10.3245,-4.0547,-19.9595,-20.69,65.4534,34.5147,0.0,21.1099,-47.3615,-19.576,81.8397,42.6234],"direction":[-77.8864,-82.9602,-84.568,-84.6507,-87.3326,-87.7167,-8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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":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+45.8","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+55.6","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+42.6","detail":"Upward 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