{"schema_version":"1.0","name":"SMG Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"4d2ed94c-2f2d-458f-b0a5-f25c7eb66dc7","symbol":"SMG","name":"SMG Swiss Marketplace Group Holding AG","exchange":"EBS","country":"CH","asset_type":"equity","currency":"CHF","sector":"Communication Services","industry":"Internet Content & Information"},"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, Range position and boundary pressure, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Range pressure and compression, Activity pressure and cumulative balance."},{"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":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":["2026-04-03","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":[-0.355056,-0.519845,-0.54415,-0.571081,-0.528033,-0.332763,-0.113141,0.154932,0.358416,0.400336,0.29044,0.159703,0.039105,0.014596,0.086953,0.210684,0.192496,0.248242,0.380759,0.437884],"opens":[25.632415,27.554846,27.604138,29.52657,27.1,28.799999,28.35,29.5,28.700001,27.0,27.0,26.0,24.049999,26.799999,26.950001,26.6,26.450001,25.450001,25.950001,29.4],"highs":[27.94919,29.181518,30.512433,30.019501,28.9,30.0,30.15,31.25,29.450001,28.4,27.299999,26.4,24.1,26.85,27.799999,27.549999,27.299999,27.75,29.299999,31.75],"lows":[24.991605,26.81545,27.30838,27.1,26.799999,27.1,28.35,27.6,27.549999,27.0,25.85,25.700001,23.0,26.0,26.75,25.450001,24.75,25.15,25.299999,28.200001],"closes":[27.406965,27.456259,29.822329,27.1,28.0,29.299999,29.799999,28.200001,28.85,27.200001,25.85,25.700001,23.5,26.4,26.75,26.549999,25.1,25.6,29.1,31.25],"hoverRows":[[{"label":"Open","value":"25.6","className":"is-ohlc","compact":true},{"label":"High","value":"27.9","className":"is-ohlc","compact":true},{"label":"Low","value":"25.0","className":"is-ohlc","compact":true},{"label":"Close","value":"27.4","className":"is-ohlc","compact":true},{"label":"Market 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Extension can persist; a rollover has not been confirmed.","tone":"caution"},"chartSummary":"Price is in the distribution zone. The Market Dynamics bars show whether underlying support is keeping pace with that elevated price.","summary":"Price is inside distribution conditions, but Market Dynamics still offers support. Extension can persist; a rollover has not been confirmed.","annotations":[{"label":"Current tape relationship","value":"Extended but supported","detail":"Market Dynamics strengthened this week and remains positive.","tone":"caution"},{"label":"Price location","value":"Distribution zone","detail":"Price is extended; support can persist, but rollover risk must be monitored.","tone":"caution"},{"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":["2025-09-19","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":[48.3072,44.3638,43.3779,44.3638,44.7433,46.2862,43.8216,36.1318,31.0547,32.8292,33.8151,30.4631,32.4842,32.287,34.2587,35.8361,40.4203,37.0684,39.3359,35.3924,31.5969,28.7379,30.2167,29.9702,30.5617,29.1322,25.5831,25.5338,27.407,27.4563,29.8223,27.1,28.0,29.3,29.8,28.2,28.85,27.2,25.85,25.7,23.5,26.4,26.75,26.55,25.1,25.6,29.1,31.25],"consensus":[63.6364,-70.0935,-58.9098,34.8,-25.1458,14.3606,-28.0392,-72.8421,-77.9341,-18.9632,-28.7878,-64.5321,0.0,-27.1484,0.0,23.0135,48.6531,-13.8082,36.4795,-31.7885,-53.7472,-58.2305,-13.3986,-27.6602,0.0,-27.5219,-64.397,-35.4624,0.0,-22.1859,27.1765,-36.1386,0.0,18.697,15.5193,-20.7354,9.5954,-29.7479,-44.4298,-35.0548,-48.0652,0.0,-8.1923,0.0,-26.7015,-10.3718,53.7163,57.8211],"supportDates":["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":[null,null,null,null,null,15.4266,-38.0078,-65.0199,-72.3122,-0.3768,-17.2882,-64.3846,0.0,-29.2708,0.0,22.4493,40.2799,-29.6707,34.4379,-39.756,-54.742,-64.4899,-2.9644,-22.6472,0.0,-34.7821,-63.8734,-36.6318,0.0,-24.4995,23.9087,-50.2947,0.0,15.1839,20.4489,-27.6817,7.2047,-36.3134,-52.3464,-43.5881,-46.7383,0.0,-19.6599,0.0,-40.0381,-12.357,51.5926,55.5406],"force":[63.6364,-70.0935,-58.9098,34.8,-3.5582,19.9555,-26.0734,-87.2887,-87.4997,-25.0834,-6.5379,-59.4782,0.0,-5.8582,0.0,35.4166,68.3117,-35.0715,41.6406,-49.2807,-65.4134,-58.0792,-15.7595,-14.1813,0.0,-21.4324,-84.4388,-13.9682,0.0,-9.3087,48.8326,-48.6298,0.0,33.925,18.622,-38.8406,18.6405,-27.4286,-40.8235,-22.0817,-47.8741,0.0,-5.7175,0.0,-34.1119,-0.2676,76.7568,64.5164],"direction":[null,null,null,null,-45.6487,9.1459,-18.0508,-71.4626,-77.5266,-72.5278,-67.163,-68.3105,0.0,-39.9302,0.0,14.7989,44.1806,-19.5083,35.1262,-10.1882,-44.2772,-51.1848,-46.1506,-43.0171,0.0,-23.5741,-50.6799,-49.4788,0.0,-28.7397,15.4427,-11.0378,0.0,11.8348,7.6692,-0.1354,5.8668,-23.9011,-37.9581,-34.569,-49.718,0.0,-3.1458,0.0,-6.1667,-15.3203,39.6857,55.645],"intensity":[null,null,null,null,25.0,60.0,66.6667,100.0,87.5,77.7778,50.0,45.4545,33.3333,23.0769,35.7143,26.6667,93.75,58.8235,44.4444,73.6842,85.0,47.619,45.4545,8.6957,8.3333,24.0,65.3846,51.8519,28.5714,27.5862,46.6667,54.8387,15.625,21.2121,20.5882,28.5714,30.5556,29.7297,23.6842,10.2564,62.5,70.7317,11.9048,25.5814,31.8182,2.2222,78.2609,70.2128],"confirmation":[43.0303,45.0966,41.5178,33.8027,30.5398,72.7496,76.7607,91.8689,93.3161,10.452,55.0388,88.4985,7.1333,53.3396,29.0789,75.7509,84.2957,31.6534,79.8618,78.584,85.5395,86.5338,6.9199,76.5169,4.7797,76.5108,89.2258,78.6751,8.1373,74.6718,77.4063,79.7293,25.3545,74.5007,50.319,52.4435,26.0493,77.3486,81.987,78.6921,83.3952,3.8249,25.7092,0.9613,53.9004,48.3141,85.9238,86.7415],"persistence":[null,null,33.3333,0.0,20.0,0.0,14.2857,25.0,50.0,50.0,50.0,75.0,62.5,87.5,75.0,50.0,25.0,25.0,0.0,0.0,12.5,12.5,25.0,50.0,62.5,62.5,87.5,87.5,75.0,75.0,50.0,50.0,50.0,25.0,0.0,0.0,12.5,12.5,12.5,12.5,25.0,37.5,62.5,50.0,75.0,75.0,50.0,25.0],"assessmentRisk":[null,null,null,null,35.1258,30.4942,25.2205,13.1481,11.0208,40.5005,35.4594,15.5667,24.3652,4.3907,5.2431,35.8283,24.8974,51.4069,26.9459,9.5705,22.8456,20.6321,43.1621,34.2665,16.7902,21.3799,14.6213,28.9875,40.5154,21.1193,34.169,49.123,13.3161,28.7702,8.4266,39.1473,18.4193,27.055,26.7766,29.4867,25.8658,23.0228,28.5963,26.2747,54.1092,20.9136,17.5787,20.6202],"volumeParticipation":true,"latest":{"consensus":57.8,"control":55.5,"force":64.5,"direction":55.6,"confirmation":86.7,"persistence":25.0,"assessmentRisk":20.6,"intensity":70.2,"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 strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+57.8","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+55.5","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+64.5","detail":"Upward 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