{"schema_version":"1.0","name":"TXGNE Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"49a31e7a-27fc-4f85-8d87-5fda83e500c1","symbol":"TXGNE","name":"TX Group AG","exchange":"EBS","country":"CH","asset_type":"equity","currency":"CHF","sector":"Communication Services","industry":"Publishing"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened 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, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, Drawdown and recovery pressure, 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":"2026-08-21","observations":48,"displayedObservations":48,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price structure remains rotational.","evidenceAlignment":{"status":"Positive support; price rotational","headline":"Market Dynamics is positive while price has no clear direction","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price structure remains rotational.","take":"The underlying condition is constructive, but a positive price response is still required.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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","2026-08-21"],"values":[-0.983552,-1.422986,-1.592989,-1.668903,-1.625294,-1.593654,-1.358274,-1.002707,-0.824965,-0.619311,-0.409817,-0.303532,-0.00456,0.349426,0.469997,0.635347,0.781867,0.893538,1.009641,1.043669],"opens":[136.0,134.0,128.600006,124.0,125.599998,123.0,122.800003,129.600006,134.0,127.599998,132.0,126.199997,131.199997,135.800003,138.199997,135.0,135.399994,143.0,149.800003,153.600006],"highs":[142.600006,136.399994,129.800003,127.599998,128.800003,125.0,131.600006,131.0,134.800003,128.199997,134.800003,127.400002,132.800003,137.199997,138.399994,137.600006,143.600006,152.399994,156.600006,155.0],"lows":[133.800003,129.0,124.0,124.0,124.0,121.0,122.599998,126.800003,131.600006,125.400002,132.0,126.199997,131.199997,135.600006,136.399994,130.399994,135.199997,141.199997,149.199997,147.600006],"closes":[136.399994,130.399994,124.0,125.199997,125.199997,124.599998,129.399994,131.0,131.600006,126.199997,134.0,127.0,132.399994,137.199997,136.399994,130.399994,140.399994,152.399994,156.399994,147.600006],"hoverRows":[[{"label":"Open","value":"136.0","className":"is-ohlc","compact":true},{"label":"High","value":"142.6","className":"is-ohlc","compact":true},{"label":"Low","value":"133.8","className":"is-ohlc","compact":true},{"label":"Close","value":"136.4","className":"is-ohlc","compact":true},{"label":"Market 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A slight weekly pause does not yet change the broader constructive reading.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains positive and has strengthened across the recent completed path. A slight weekly pause does not yet change the broader constructive reading.","annotations":[{"label":"Current tape relationship","value":"Sustained positive support","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Supported","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":20,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[196.4,206.5,202.0,201.0,205.0,204.0,190.2,175.4,172.6,175.6,172.8,165.0,163.0,163.2,165.2,173.4,176.0,168.2,168.2,158.0,156.8,158.4,161.2,162.2,161.2,138.8,131.2,137.2,136.4,130.4,124.0,125.2,125.2,124.6,129.4,131.0,131.6,126.2,134.0,127.0,132.4,137.2,136.4,130.4,140.4,152.4,156.4,147.6],"consensus":[-100.0,67.4797,-42.8571,-24.8571,69.7855,0.0,-62.046,-87.1164,-63.9221,-21.3991,-65.0881,-83.3104,-65.5446,-43.324,-25.3322,33.645,24.7566,-42.4894,-13.9371,-66.8916,-50.8364,-14.4783,0.0,0.0,0.0,-74.3851,-74.4257,-10.6554,-43.6099,-60.0765,-67.1846,-38.2402,-43.4433,-24.7695,9.5654,8.106,-14.9687,-34.9363,27.2236,-28.6768,19.2595,47.0452,0.0,-34.8057,57.6645,80.0698,71.6434,5.8357],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,0.0,-57.0773,-87.3464,-57.9568,-2.9172,-62.6477,-85.7458,-66.1696,-33.3847,-7.0456,29.4979,17.6825,-62.1889,-23.9205,-67.3449,-54.2445,-1.1636,0.0,0.0,0.0,-77.6983,-82.1044,-7.9183,-41.8673,-66.2445,-78.1427,-36.2336,-44.3338,-14.6467,7.0073,6.0343,-33.3849,-51.98,28.4768,-31.071,23.6446,51.2462,0.0,-44.3481,49.0213,79.8111,73.0214,21.0164],"force":[-100.0,67.4797,-42.8571,-24.8571,41.1027,0.0,-54.5821,-91.0425,-45.6222,-30.6265,-48.4245,-81.3819,-42.3085,-7.0163,-14.7493,83.034,43.1719,-49.8693,-5.8317,-77.493,-33.5563,-19.242,0.0,0.0,0.0,-83.2799,-69.8729,-35.3446,-19.1116,-48.6239,-56.0907,-4.6691,-16.02,-1.5806,51.3571,33.5264,-5.9817,-25.4784,40.1412,-23.1256,30.6015,44.56,0.0,-73.1388,81.5582,96.0968,68.8067,70.9319],"direction":[null,null,null,null,90.2732,0.0,-73.0557,-84.0491,-83.811,-79.6824,-79.7796,-81.9045,-81.4275,-80.6172,-74.861,3.1067,19.6875,-14.7042,-16.6481,-58.8011,-59.2843,-53.7811,0.0,0.0,0.0,-64.2451,-68.9021,-64.7396,-63.1003,-61.208,-62.5853,-64.5127,-62.0137,-55.1601,17.3624,7.6839,-0.3407,-22.2135,16.5645,-29.9058,6.1465,44.0192,0.0,-3.4807,50.4756,68.9175,72.0948,58.011],"intensity":[null,null,null,null,50.0,40.0,100.0,100.0,87.5,22.2222,20.0,63.6364,58.3333,15.3846,21.4286,73.3333,81.25,64.7059,16.6667,78.9474,40.0,52.381,40.9091,13.0435,25.0,100.0,96.1538,55.5556,50.0,58.6207,60.0,22.5806,9.375,42.4242,64.7059,45.7143,50.0,67.5676,76.3158,69.2308,50.0,46.3415,7.1429,58.1395,81.8182,84.4444,76.087,78.7234],"confirmation":[54.6667,44.2602,36.3809,30.6209,66.3535,4.7042,87.7029,95.9934,87.9883,12.0774,88.3575,94.5634,88.2566,58.2419,10.31,57.6681,76.5911,81.5213,50.2827,89.7215,83.6891,7.9132,8.6366,4.934,48.0471,92.0238,91.5605,11.5203,81.2351,86.7815,88.994,56.5776,81.0525,52.948,8.0775,27.7061,26.9021,78.6317,77.0861,76.9709,51.7752,82.9147,28.8302,58.2365,87.3125,94.1147,90.8184,38.6623],"persistence":[null,null,33.3333,50.0,20.0,16.6667,28.5714,37.5,37.5,62.5,62.5,62.5,87.5,100.0,100.0,75.0,50.0,50.0,50.0,50.0,50.0,50.0,37.5,50.0,62.5,62.5,62.5,62.5,62.5,62.5,75.0,87.5,100.0,100.0,75.0,50.0,50.0,50.0,25.0,25.0,0.0,25.0,12.5,12.5,12.5,37.5,37.5,50.0],"assessmentRisk":[null,null,null,null,10.9196,25.1083,15.0983,6.2268,18.0143,39.2442,16.6651,3.3869,11.7369,26.144,31.0738,26.5336,35.8442,53.8691,28.7077,15.956,24.5447,40.9513,42.4528,30.9996,40.6628,12.3065,12.7525,44.5101,28.092,11.4455,5.0142,27.6302,24.6582,22.127,27.4985,30.0138,43.7664,28.7119,24.0073,20.5626,0.9693,25.4935,23.913,49.7943,17.0403,9.4262,14.0783,52.4329],"volumeParticipation":true,"latest":{"consensus":5.8,"control":21.0,"force":70.9,"direction":58.0,"confirmation":38.7,"persistence":50.0,"assessmentRisk":52.4,"intensity":78.7,"evidenceDepth":100},"analysis":{"status":"Market 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 easing","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Present","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+5.8","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+21.0","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+70.9","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+58.0","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"39/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"55.5","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"5.0%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"29.9","detail":"Directional","tone":"positive"},{"label":"Range position","value":"62%","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 is rotating through its trend references.","series":[{"label":"Close","values":[196.4,206.5,202.0,201.0,205.0,204.0,190.2,175.4,172.6,175.6,172.8,165.0,163.0,163.2,165.2,173.4,176.0,168.2,168.2,158.0,156.8,158.4,161.2,162.2,161.2,138.8,131.2,137.2,136.4,130.4,124.0,125.2,125.2,124.6,129.4,131.0,131.6,126.2,134.0,127.0,132.4,137.2,136.4,130.4,140.4,152.4,156.4,147.6],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,200.3353,201.0016,199.0377,194.7399,190.7145,187.9664,185.2089,181.5345,178.1646,175.4438,173.5813,173.5483,173.9941,172.9406,172.0787,169.5189,167.2064,165.6052,164.8043,164.3308,163.7615,159.2231,154.128,151.0502,148.3865,145.1162,141.2769,138.3538,135.9622,133.8964,133.0788,132.7009,132.5007,131.3551,131.836,130.9567,131.2191,132.3066,133.0508,132.5689,133.9927,137.3395,140.805,142.0405],"stroke":"#176fa3","width":1.7},{"label":"Slow 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tape.","series":[{"label":"Drawdown","values":[0.0,0.0,-2.1792,-2.6634,-0.7264,-1.2107,-7.8935,-15.0605,-16.4165,-14.9637,-16.3196,-20.0969,-21.0654,-20.9685,-20.0,-16.0291,-14.77,-18.5472,-18.5472,-23.4867,-24.0678,-23.293,-21.937,-21.4528,-21.937,-32.7845,-36.4649,-33.5593,-33.9467,-36.8523,-39.9516,-39.3705,-39.3705,-39.661,-37.3366,-36.5617,-36.2712,-38.8862,-35.109,-38.4988,-35.8838,-33.5593,-33.9467,-36.8523,-32.0097,-26.1986,-24.2615,-28.523],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,0.0,0.0,1.7381,0.1159,0.0,0.0,0.1227,1.3497,6.3804,7.9755,3.1902,3.1902,0.0,0.0,1.0204,2.8061,3.4439,2.8061,0.0,0.0,4.5732,3.9634,0.0,0.0,0.9677,0.9677,0.4839,4.3548,5.6452,6.129,1.7742,8.0645,2.4194,6.7742,10.6452,10.0,5.1613,13.2258,22.9032,26.129,19.0323],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}