{"schema_version":"1.0","name":"PARSN Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"378f45c7-4af5-41ed-b361-b4fcc02a219a","symbol":"PARSN","name":"Parsan Makina Parçalari Sanayii A.S.","exchange":"IST","country":"TR","asset_type":"equity","currency":"TRY","sector":"Consumer Cyclical","industry":"Auto Parts"},"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 conditions."},{"name":"Adaptive 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.4,"sample":20},{"week":2,"averageReturn":-0.5,"sample":20},{"week":3,"averageReturn":-1.9,"sample":20},{"week":4,"averageReturn":-3.3,"sample":20},{"week":5,"averageReturn":-4.8,"sample":20},{"week":6,"averageReturn":-3.1,"sample":19},{"week":7,"averageReturn":-4.6,"sample":19},{"week":8,"averageReturn":-3.8,"sample":19},{"week":9,"averageReturn":-5.7,"sample":19},{"week":10,"averageReturn":-5.1,"sample":18},{"week":11,"averageReturn":-3.8,"sample":18},{"week":12,"averageReturn":-3.8,"sample":18},{"week":13,"averageReturn":-3.4,"sample":18},{"week":14,"averageReturn":-2.6,"sample":18},{"week":15,"averageReturn":-1.3,"sample":18},{"week":16,"averageReturn":-1.9,"sample":18},{"week":17,"averageReturn":1.5,"sample":18},{"week":18,"averageReturn":2.9,"sample":18},{"week":19,"averageReturn":3.5,"sample":18},{"week":20,"averageReturn":3.7,"sample":18},{"week":21,"averageReturn":4.8,"sample":18},{"week":22,"averageReturn":5.5,"sample":18},{"week":23,"averageReturn":6.4,"sample":18},{"week":24,"averageReturn":6.6,"sample":18},{"week":25,"averageReturn":11.4,"sample":18},{"week":26,"averageReturn":15.9,"sample":17}]}},"pricePressureGap":{"label":"Price 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":"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":35.3,"averageReturn":14.0,"sample":17},"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, 35.3% of comparable cases moved lower after 12 weeks, with an average move of 14.0% across 17 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 5 cases. Distinct visits lasted 5.0 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 13.3% across 18 completed cases, with the largest move arriving after 5.8 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":"2024-12-06","price":91.699997},{"date":"2025-05-09","price":86.849998},{"date":"2025-07-04","price":84.650002},{"date":"2026-06-12","price":86.5}],"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":[90.0,91.7,91.4,88.0,90.75,88.55,83.2,81.35,82.0,83.65,83.05,83.4,83.35,81.75,87.75,91.7,93.0,89.1,89.4,89.9,90.45,90.2,89.65,84.85,84.5,82.5,79.15,77.65,81.85,81.1,75.45,81.5,79.35,76.85,75.6,82.25,81.25,86.85,83.6,80.1,76.7,76.9,81.85,79.5,78.5,84.65,83.6,83.65,90.9,92.15,92.5,94.0,94.05,94.3,100.6,96.9,105.1,107.1,98.0,95.0,89.5,93.15,93.3,93.0,85.45,87.7,83.95,85.55,86.05,92.85,96.0,102.6,99.0,100.8,99.8,99.9,101.3,102.3,91.8,87.1,79.65,81.05,80.1,78.8,81.45,83.15,85.0,83.85,83.35,85.95,88.0,82.7,83.5,84.95,86.5,92.2,88.05,85.0,81.65,80.25,80.0,74.9,73.0,70.95],"consensus":[-68.1036,-20.1128,-36.7841,-41.2703,-15.2877,-34.064,-52.2693,-46.0008,-27.3962,-9.7273,-25.9271,0.0,-11.4899,-23.4443,24.9069,37.0479,29.806,-11.5377,0.0,0.0,0.0,0.0,0.0,-42.9967,-17.5511,-37.3738,-51.7656,-41.57,11.4862,-14.8981,-52.8182,26.9138,-27.8811,-30.9316,-29.9971,22.5721,-8.5565,48.2819,0.0,-27.7148,-38.2395,-14.1503,22.5376,-17.9693,0.0,50.3093,9.7084,17.4291,61.31,33.0612,24.8293,42.5933,22.6104,19.5948,58.7541,0.0,67.3054,34.1329,-24.4675,-18.8049,-43.1978,0.0,0.0,-15.8687,-53.2884,-13.0602,-50.2209,-19.6325,-12.453,43.1077,43.5115,61.6892,0.0,38.1699,9.9588,0.0,27.8184,24.4353,-55.5285,-57.0902,-63.929,-23.8502,-48.2183,-46.8533,0.0,0.0,17.6713,-9.8487,-13.437,23.4383,19.574,-29.8159,0.0,0.0,18.7155,40.0041,0.0,-23.7084,-29.2057,-37.248,-30.7549,-58.016,-51.8361,-47.8399],"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":[18.0117,15.5547,49.9997,0.0,62.0937,21.1322,-25.1711,-23.468,-41.6011,0.0,0.0,-17.9802,-59.6676,-6.3867,-53.6121,-13.0598,-14.736,39.6153,43.5559,64.1868,0.0,34.5045,5.1901,0.0,27.3246,26.1523,-49.1779,-59.9913,-64.686,-13.5584,-51.8222,-46.6072,0.0,0.0,16.7443,-18.6014,-19.0805,22.1331,13.4056,-29.8036,0.0,0.0,26.0468,36.8139,0.0,-37.0629,-30.4568,-37.4888,-28.9205,-58.0824,-55.4962,-45.3731],"force":[2.3583,1.2059,76.2268,0.0,87.4744,18.6005,-69.9566,-31.9414,-50.9983,0.0,0.0,-17.2178,-60.5583,-9.0775,-44.9861,-2.0518,-3.4979,77.6207,48.6405,68.1121,0.0,33.8293,16.6757,0.0,26.0194,15.5433,-92.9638,-61.9279,-66.337,-9.6765,-27.2815,-33.4486,0.0,0.0,43.502,-6.2077,-9.6713,47.2736,30.5194,-46.8172,0.0,0.0,30.1471,37.2775,0.0,-28.4894,-22.3753,-28.8224,-19.714,-64.3462,-40.8858,-37.7477],"direction":[42.3318,37.3471,56.2787,0.0,58.8553,60.0854,-8.8289,-4.0923,-39.4508,0.0,0.0,-12.4919,-40.8052,-36.4999,-50.0845,-42.6328,-21.2374,22.4469,39.7972,54.247,0.0,45.4594,34.4332,0.0,29.6677,28.8243,-36.0469,-50.3193,-61.3439,-59.5599,-59.0544,-56.7094,0.0,0.0,0.2802,-2.4462,-9.677,7.9048,18.8054,-17.6862,0.0,0.0,2.1714,45.5977,0.0,-5.0311,-32.6547,-42.9912,-40.7377,-53.4184,-55.4748,-57.8679],"intensity":[42.3077,7.6923,92.3077,50.0,92.3077,98.0769,100.0,90.3846,75.0,46.1538,17.3077,30.7692,82.6923,53.8462,50.0,11.5385,3.8462,80.7692,65.3846,78.8462,44.2308,15.3846,5.7692,61.5385,57.6923,23.0769,96.1538,96.1538,90.3846,13.4615,28.8462,36.5385,51.9231,17.3077,19.2308,32.6923,26.9231,32.6923,73.0769,88.4615,42.3077,59.6154,63.4615,92.3077,55.7692,67.3077,57.6923,7.6923,7.6923,69.2308,63.4615,48.0769],"confirmation":[52.0215,51.1048,87.4672,9.6866,90.2318,78.6473,33.7554,51.6802,82.0853,28.5879,24.9949,73.0869,85.1766,5.5428,83.8595,51.4927,49.5436,82.8995,82.0793,87.8982,8.2221,80.1379,6.0052,3.0871,76.8546,75.5221,87.0068,86.3721,88.5191,31.4981,82.7369,82.5883,6.0912,5.323,51.7895,25.5739,72.0991,53.5799,74.6912,78.0594,2.0949,24.7344,51.559,80.7668,30.4228,52.8622,77.1186,79.6589,77.533,86.757,84.1981,91.0388],"persistence":[100.0,100.0,100.0,87.5,87.5,87.5,62.5,37.5,12.5,0.0,12.5,25.0,50.0,75.0,75.0,75.0,75.0,62.5,50.0,25.0,12.5,12.5,37.5,50.0,75.0,75.0,50.0,25.0,12.5,12.5,37.5,50.0,62.5,75.0,50.0,50.0,50.0,25.0,0.0,0.0,0.0,0.0,0.0,25.0,37.5,12.5,12.5,12.5,25.0,37.5,62.5,87.5],"assessmentRisk":[27.2638,22.3984,20.1095,36.387,16.1389,32.8701,14.306,10.5461,28.2492,49.9862,35.3206,12.961,7.3067,33.4941,22.53,36.2706,12.6937,19.6132,27.7844,19.1254,46.2907,29.2348,32.8316,32.3231,12.8597,10.6412,19.776,21.1495,18.0223,38.0588,25.4022,24.6239,23.4415,23.6377,33.9892,48.2558,29.7476,19.1074,22.2684,2.5302,2.6578,18.5048,39.6286,29.9461,50.2326,12.7131,31.4903,31.3422,34.1729,20.7941,23.6938,25.8777],"volumeParticipation":true,"latest":{"consensus":-47.8,"control":-45.4,"force":-37.7,"direction":-57.9,"confirmation":91.0,"persistence":87.5,"assessmentRisk":25.9,"intensity":48.1,"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":"Broadly stable","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-47.8","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-45.4","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-37.7","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-57.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"91/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"32.1","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"8.1%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"14.4","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"6%","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 downward.","series":[{"label":"Close","values":[90.0,91.7,91.4,88.0,90.75,88.55,83.2,81.35,82.0,83.65,83.05,83.4,83.35,81.75,87.75,91.7,93.0,89.1,89.4,89.9,90.45,90.2,89.65,84.85,84.5,82.5,79.15,77.65,81.85,81.1,75.45,81.5,79.35,76.85,75.6,82.25,81.25,86.85,83.6,80.1,76.7,76.9,81.85,79.5,78.5,84.65,83.6,83.65,90.9,92.15,92.5,94.0,94.05,94.3,100.6,96.9,105.1,107.1,98.0,95.0,89.5,93.15,93.3,93.0,85.45,87.7,83.95,85.55,86.05,92.85,96.0,102.6,99.0,100.8,99.8,99.9,101.3,102.3,91.8,87.1,79.65,81.05,80.1,78.8,81.45,83.15,85.0,83.85,83.35,85.95,88.0,82.7,83.5,84.95,86.5,92.2,88.05,85.0,81.65,80.25,80.0,74.9,73.0,70.95],"stroke":"#10243b","width":2.1},{"label":"Fast 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