{"schema_version":"1.0","name":"KLAC Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"39f0a236-2f92-45da-b7d4-d80868f7479f","symbol":"KLAC","name":"KLA Corporation","exchange":"MEX","country":"MX","asset_type":"equity","currency":"MXN","sector":"Technology","industry":"Semiconductor Equipment & Materials"},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","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, Acceleration, deceleration and rollover, Strength versus the research benchmark, Activity pressure and cumulative balance, Drawdown and recovery pressure, Directional strength and control."},{"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 weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Underlying support lags price","headline":"Market Dynamics is weaker than the current price position","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","take":"This is a downside risk watch, not a completed reversal. 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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 support lags price","tone":"caution","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":20.0,"averageReturn":11.1,"sample":15},"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 is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"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":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"In this ticker's completed record, 20.0% of comparable cases moved lower after 12 weeks, with an average move of 11.1% across 15 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 1 cases. Distinct visits lasted 41.0 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 unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 7.7% across 15 completed cases, with the largest move arriving after 5.0 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"distribution_rollovers":[{"date":"2026-07-03","price":4100.0}],"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":[1561.8136,1575.8724,1468.9584,1399.0081,1480.2583,1524.5577,1524.5577,1524.5577,1351.0421,1350.0426,1314.7147,1357.9851,1281.1815,1248.2804,1248.2804,1347.2235,1347.2235,1269.5143,1269.5143,1269.5143,1399.1936,1569.0955,1539.5277,1522.5135,1560.1007,1561.1002,1543.1556,1499.1011,1457.0507,1457.0507,1457.0507,1457.0507,1457.0507,1319.0848,1319.0848,1319.0848,1332.7787,1332.7787,1547.7783,1547.9684,1507.8322,1512.9955,1512.9955,1512.9955,1512.9955,1676.624,1729.0712,1729.0712,1674.636,1745.3846,1745.3846,1789.5424,1655.1073,1609.812,1609.812,1609.812,1609.812,1955.536,1999.5256,1923.3438,1896.0502,1896.0502,1896.0502,1896.0502,2129.4949,2068.6938,2136.6838,2212.3005,2212.3005,2212.3005,2279.6626,2279.6626,2440.24,2772.5896,2669.105,2524.6265,2205.7737,2517.5273,2485.3198,2641.0854,2641.0854,2514.8176,2609.8108,2746.8008,2727.802,3011.9475,3008.4216,3354.3677,3039.7795,3165.0176,3171.77,3172.0,3332.0,3619.1201,4015.0,4534.9702,4323.0,4100.0,4030.47,3759.0,3800.0,3221.6699,3370.0,3477.0],"consensus":[67.6464,42.8295,-20.1851,-42.3298,38.6931,43.0824,27.0454,28.1796,-69.9771,-50.0685,-64.2016,0.0,-76.7639,-45.8336,-40.3019,20.7099,0.0,-59.0425,-21.925,-33.874,57.1654,81.9519,16.7276,31.1323,66.1981,40.8827,0.0,-23.6288,-44.4671,-12.9694,-13.2113,-11.6772,0.0,-76.4885,-41.2939,-41.4888,-16.2079,-25.7747,70.3698,38.5537,0.0,52.1136,18.1561,17.1008,24.9152,58.3915,76.5308,46.1549,10.7066,69.9329,37.7317,83.1268,-18.944,-41.1321,-24.3603,-24.6471,-23.001,75.9231,74.7503,0.0,24.1372,21.3983,18.7559,21.8211,84.9377,21.8094,79.5358,85.5863,42.8464,43.2312,83.4831,42.2103,90.4069,93.5681,0.0,0.0,-61.5108,51.8056,-8.3479,72.5422,35.4995,-24.9739,43.1765,66.8715,12.4704,82.5264,27.8855,82.9139,0.0,72.9278,37.4259,17.767,63.1175,84.362,88.6456,63.3669,26.4603,27.9288,24.0188,-30.0238,22.3891,-66.0216,0.0,-0.1493],"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":[-17.249,-35.7287,-18.3186,-17.175,-16.0709,66.973,82.3953,0.0,24.3019,33.2256,32.5041,31.717,87.3516,19.3319,80.6374,88.7967,37.4652,36.961,85.1575,37.3418,94.8447,97.1915,0.0,0.0,-54.5211,74.5095,-4.2085,78.1341,32.2643,-25.8993,42.7013,79.4386,4.3637,86.4945,13.2029,93.8484,0.0,75.238,35.4173,31.2814,66.2169,89.6734,93.6842,61.934,20.7999,17.1846,25.0342,-28.9089,39.7922,-53.6783,0.0,-7.0387],"force":[-54.8973,-53.6775,-10.3932,-10.4365,-8.6429,99.4743,61.9681,0.0,35.7681,8.3423,10.1018,5.4811,95.7286,41.8932,87.0886,94.7988,9.2878,10.3368,92.4579,9.0188,99.6728,99.9844,0.0,0.0,-99.3476,68.0228,-40.0023,91.6595,10.4283,-82.3474,41.3663,67.7402,25.2492,99.2519,3.1399,76.8357,0.0,89.0843,15.1174,8.7999,60.4075,97.8877,99.1446,40.5156,36.2832,13.9618,9.5595,-68.4863,30.1369,-93.3405,0.0,-43.4634],"direction":[-4.7996,-38.3465,-41.2415,-43.3372,-41.1769,69.3294,75.1432,0.0,66.7384,29.1248,23.6564,30.0131,74.4712,70.14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Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-0.1","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-7.0","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-43.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-38.7","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"10/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"53.4","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"7.1%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"35.3","detail":"Directional","tone":"positive"},{"label":"Range position","value":"48%","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 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