{"schema_version":"1.0","name":"4264 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"3948813f-11f2-4ac7-a276-2fbda4f0ee95","symbol":"4264","name":"Flynas Company","exchange":"SAU","country":"SA","asset_type":"equity","currency":"SAR","sector":"Industrials","industry":"Airlines"},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains downward.","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, Activity pressure and cumulative balance, Range pressure and compression, Range position and boundary pressure."},{"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":61,"displayedObservations":61,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains downward.","take":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[-0.701754,-0.999848,-1.1538,-1.096834,-1.104092,-1.045838,-0.992809,-1.033364,-1.038563,-1.074177,-1.154782,-1.273257,-1.3848,-1.428762,-1.451641,-1.312427,-1.2461,-1.187417,-0.808712,-0.505073,-0.168011,0.146623,0.183567,0.295776,0.443368,0.504602,0.460774,0.438338,0.321955,0.225466,0.126394,0.068679,-0.045682],"opens":[62.200001,64.900002,62.849998,61.349998,61.5,61.049999,63.5,61.200001,58.25,53.5,53.349998,50.900002,51.049999,51.150002,49.5,51.0,52.5,51.049999,51.150002,52.849998,51.650002,51.599998,52.099998,52.799999,53.25,58.849998,57.099998,55.849998,52.0,50.349998,49.98,49.459999,49.799999],"highs":[66.0,65.300003,63.5,62.299999,63.049999,63.0,64.449997,62.0,59.0,56.450001,54.400002,51.150002,51.700001,51.299999,53.400002,52.849998,52.599998,51.400002,54.0,53.299999,52.099998,51.599998,53.900002,53.200001,59.299999,59.0,57.099998,58.0,52.599998,50.599998,50.700001,50.049999,49.799999],"lows":[62.0,62.5,60.900002,59.799999,60.75,59.0,60.5,58.0,56.0,49.099998,50.049999,49.779999,49.52,49.360001,48.200001,49.919998,50.549999,50.099998,49.32,50.299999,50.0,51.599998,51.950001,51.0,53.25,55.049999,55.25,52.450001,50.299999,49.360001,49.16,48.98,48.18],"closes":[65.5,62.849998,61.25,61.849998,61.0,61.0,61.0,58.25,58.5,53.349998,50.900002,50.950001,51.200001,49.459999,51.950001,52.349998,50.950001,50.900002,53.349998,51.650002,51.599998,51.599998,53.150002,51.450001,59.299999,57.75,55.799999,52.450001,50.650002,50.0,49.240002,49.779999,49.18],"hoverRows":[[{"label":"Open","value":"62.2","className":"is-ohlc","compact":true},{"label":"High","value":"66.0","className":"is-ohlc","compact":true},{"label":"Low","value":"62.0","className":"is-ohlc","compact":true},{"label":"Close","value":"65.5","className":"is-ohlc","compact":true},{"label":"Market 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green marker confirms a recovery through the zone. Market Dynamics is now read for follow-through.","tone":"positive"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Price is testing accumulation conditions and a recent green marker confirms a recovery through the zone. Market Dynamics is now read for follow-through.","annotations":[{"label":"Current tape relationship","value":"Positioning recovery confirmed","detail":"Market Dynamics weakened this week and remains below zero.","tone":"positive"},{"label":"Price location","value":"Accumulation zone","detail":"Price is being tested for a confirmed recovery through the lower zone.","tone":"caution"},{"label":"Latest positioning marker","value":"7 Aug 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"positive"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":true,"asOf":"2026-08-14","observations":33,"relationship":{"sameWeekCorrelation":0.34,"forwardCorrelation":-0.07,"directionalAgreement":57.1,"sample":28,"correlationSample":32,"label":"Meaningful 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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 easing","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-24.1","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-24.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-13.2","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-31.7","detail":"Downward 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downward.","series":[{"label":"Close","values":[77.4,80.0,79.35,77.3,74.8,70.1,71.1,73.0,77.9,80.0,78.9,77.1,75.05,78.2,79.4,77.1,80.0,78.0,79.5,80.65,78.9,72.1,68.5,63.6,63.95,70.5,70.0,61.0,65.5,62.85,61.25,61.85,61.0,61.0,61.0,58.25,58.5,53.35,50.9,50.95,51.2,49.46,51.95,52.35,50.95,50.9,53.35,51.65,51.6,51.6,53.15,51.45,59.3,57.75,55.8,52.45,50.65,50.0,49.24,49.78,49.18],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,77.4087,76.0798,75.1744,74.779,75.3465,76.1926,76.6848,76.7603,76.4494,76.7677,77.2463,77.2197,77.7252,77.7752,78.0888,78.5544,78.6173,77.4323,75.8083,73.5886,71.8361,71.5932,71.3035,69.4301,68.7156,67.6491,66.4856,65.6428,64.7986,64.108,63.5429,62.5805,61.8386,60.2952,58.587,57.1985,56.1078,54.8991,54.3629,53.9969,53.443,52.9806,53.0478,52.7936,52.5766,52.399,52.5356,52.3382,53.604,54.3578,54.62,54.2255,53.5754,52.9253,52.2553,51.8052,51.3279],"stroke":"#176fa3","width":1.7},{"label":"Slow 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tape.","series":[{"label":"Drawdown","values":[0.0,0.0,-0.8125,-3.375,-6.5,-12.375,-11.125,-8.75,-2.625,0.0,-1.375,-3.625,-6.1875,-2.25,-0.75,-3.625,0.0,-2.5,-0.625,0.0,-2.1699,-10.6014,-15.0651,-21.1407,-20.7068,-12.5852,-13.2052,-24.3645,-18.7849,-22.0707,-24.0546,-23.3106,-24.3645,-24.3645,-24.3645,-27.7743,-27.4644,-33.85,-36.8878,-36.8258,-36.5158,-38.6733,-35.5859,-35.0899,-36.8258,-36.8878,-33.85,-35.9578,-36.0198,-36.0198,-34.098,-36.2058,-26.4724,-28.3943,-30.8122,-34.9659,-37.1978,-38.0037,-38.9461,-38.2765,-39.0205],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,4.137,11.127,14.1227,12.5535,9.9857,7.0613,11.5549,13.2668,9.9857,14.1227,11.2696,13.4094,15.0499,12.5535,2.8531,0.0,0.0,0.5503,10.8491,10.0629,0.0,7.377,3.0328,0.4098,1.3934,0.0,0.0,0.0,0.0,0.4292,0.0,0.0,0.0982,0.5894,0.0,5.0344,5.8431,3.0125,2.9114,7.8649,4.4278,4.3267,4.3267,7.4606,4.0235,19.8949,16.761,12.8184,6.0453,2.406,1.0918,0.0,1.0967,0.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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