{"schema_version":"1.0","name":"ARTO Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"471a001e-7ccc-4138-8855-24fc65bd6b3b","symbol":"ARTO","name":"PT Bank Jago Tbk","exchange":"JKT","country":"ID","asset_type":"equity","currency":"IDR","sector":"Financial Services","industry":"Banks - Regional"},"summary":"Market Dynamics eased this week but remains positive. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-3.3,"sample":13},{"week":2,"averageReturn":-2.5,"sample":13},{"week":3,"averageReturn":-3.5,"sample":13},{"week":4,"averageReturn":-6.2,"sample":13},{"week":5,"averageReturn":-7.3,"sample":13},{"week":6,"averageReturn":-8.8,"sample":13},{"week":7,"averageReturn":-8.5,"sample":13},{"week":8,"averageReturn":-10.5,"sample":13},{"week":9,"averageReturn":-14.4,"sample":13},{"week":10,"averageReturn":-16.4,"sample":13},{"week":11,"averageReturn":-14.0,"sample":13},{"week":12,"averageReturn":-14.2,"sample":13},{"week":13,"averageReturn":-14.6,"sample":13},{"week":14,"averageReturn":-16.9,"sample":13},{"week":15,"averageReturn":-18.5,"sample":13},{"week":16,"averageReturn":-17.0,"sample":13},{"week":17,"averageReturn":-18.4,"sample":13},{"week":18,"averageReturn":-15.6,"sample":13},{"week":19,"averageReturn":-15.3,"sample":13},{"week":20,"averageReturn":-17.4,"sample":13},{"week":21,"averageReturn":-20.3,"sample":13},{"week":22,"averageReturn":-21.1,"sample":13},{"week":23,"averageReturn":-23.8,"sample":13},{"week":24,"averageReturn":-23.7,"sample":13},{"week":25,"averageReturn":-24.4,"sample":13},{"week":26,"averageReturn":-21.3,"sample":13}]}},"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":"Countertrend conflict","tone":"caution","headline":"Market Dynamics is positive while price remains rotational","use":"Treat the improvement as context until price establishes a clear response.","confirm":"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.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"weakening","zone":"accumulation","zoneContext":"Price is testing accumulation conditions and a recent green marker confirms a recovery through the zone. Market Dynamics is now read for follow-through.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":15.4,"averageReturn":-14.2,"sample":13},"nowContext":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"priceContext":{"label":"Price remains downward while Market Dynamics is positive","detail":"The positive Market Dynamics reading has not yet reversed the downward price structure."}},"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 -14.2% 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 1 cases. Distinct visits lasted 9.0 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 7.3% across 13 completed cases, with the largest move arriving after 3.1 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":"2026-07-24","price":1250.0}],"distribution_rollovers":[],"price_pressure_gaps":[]}},"smTape":{"available":true,"dates":["2024-08-16","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","2025-04-11","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":[2750.0,2870.0,2870.0,2780.0,2810.0,3030.0,3160.0,2830.0,2860.0,2860.0,2860.0,2800.0,2600.0,2490.0,2730.0,2640.0,2700.0,2630.0,2240.0,2360.0,2500.0,2550.0,2550.0,2350.0,2250.0,2120.0,1920.0,2020.0,1755.0,1920.0,1635.0,1450.0,1465.0,1460.0,1565.0,1920.0,1895.0,1905.0,1950.0,2020.0,1830.0,1665.0,1740.0,1685.0,1690.0,1720.0,1810.0,1725.0,1870.0,1850.0,1860.0,2180.0,2210.0,2270.0,2170.0,2120.0,2240.0,2150.0,2180.0,2100.0,1950.0,2060.0,2190.0,2150.0,2020.0,1950.0,2030.0,2070.0,2000.0,1960.0,1980.0,1970.0,1975.0,1905.0,1910.0,1700.0,1710.0,1670.0,1635.0,1590.0,1380.0,1435.0,1385.0,1375.0,1295.0,1425.0,1420.0,1300.0,1305.0,1245.0,1210.0,1130.0,1180.0,930.0,1010.0,970.0,905.0,920.0,1135.0,1405.0,1250.0,1220.0,1305.0,1185.0],"consensus":[13.0705,44.8113,19.3022,0.0,17.9341,54.4751,51.4323,-22.8461,14.111,0.0,0.0,-12.6518,-41.5013,-43.2445,20.892,-26.318,11.8094,-13.0036,-63.9802,-17.4382,0.0,0.0,8.4326,-41.8222,-49.1416,-59.3842,-62.7912,-19.5856,-71.1338,0.0,-71.603,-61.005,-36.4234,-20.1112,0.0,50.9902,0.0,12.2314,21.9726,27.0239,-33.9206,-50.8319,0.0,-30.2252,0.0,0.0,26.4999,-24.9383,43.8223,0.0,10.8135,63.6596,36.439,43.1529,19.6541,0.0,38.0486,0.0,16.4536,-8.2654,-42.0431,10.7579,30.9062,0.0,-26.2303,-33.8535,0.0,0.0,-25.1254,-21.6054,0.0,-18.2827,-9.6154,-30.072,-18.7322,-56.7674,-22.591,-46.3384,-48.4561,-48.9535,-68.9617,-24.876,-44.6811,-39.3262,-54.6491,0.0,-18.7414,-52.6345,-24.6564,-49.3917,-47.242,-50.5829,-9.2518,-69.6499,-16.7447,-54.5026,-52.3746,-35.2515,19.6743,68.7811,-12.8883,11.8844,48.1416,-35.2932],"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":[27.2045,33.6397,10.3128,0.0,40.7754,0.0,13.6571,-9.1403,-42.3317,15.1367,25.3493,0.0,-34.1617,-39.0727,0.0,0.0,-30.371,-22.9275,0.0,-19.2024,-11.2252,-33.0852,-19.9976,-47.8028,-12.9427,-51.3996,-53.9537,-57.898,-73.9176,-16.8502,-44.223,-38.0685,-67.0111,0.0,-24.9808,-60.4182,-32.0038,-50.8724,-53.1142,-51.8273,-3.1929,-83.1114,-4.1567,-61.6936,-57.4918,-47.6757,7.9553,61.2224,-24.2907,4.6484,37.0762,-31.339],"force":[19.3963,34.2521,7.4022,0.0,38.3561,0.0,14.5689,-26.0094,-56.9029,27.9871,57.9673,0.0,-46.8499,-36.0734,0.0,0.0,-36.0076,-31.7715,0.0,-13.6826,-3.727,-32.2127,-8.2297,-76.3399,-1.7839,-29.6389,-30.6925,-33.3776,-66.5324,-9.1649,-24.0213,-15.0436,-37.0605,0.0,-5.5458,-52.8063,-5.7182,-45.5517,-30.0812,-43.1167,-22.5601,-57.6635,-18.4908,-41.2658,-32.8671,-9.1068,44.0191,95.82,-68.7355,6.8323,71.7855,-71.7607],"direction":[59.1661,60.3829,49.6558,0.0,34.7125,0.0,20.9958,-5.4089,-31.0993,6.5531,17.9276,0.0,-2.4374,-26.303,0.0,0.0,-11.3575,-12.8328,0.0,-20.5173,-11.9816,-25.0993,-24.7878,-53.0323,-51.0282,-52.4823,-54.8614,-49.8568,-65.0331,-58.3634,-59.9617,-58.1084,-53.0844,0.0,-21.036,-43.6162,-29.7867,-50.4422,-52.7886,-54.4937,-46.1972,-62.8271,-56.2991,-55.7393,-60.4604,-39.7272,15.6782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structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":true},"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":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-35.3","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-31.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-71.8","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-13.8","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"45/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"44.9","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"13.2%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"26.8","detail":"Directional","tone":"positive"},{"label":"Range position","value":"35%","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 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