{"schema_version":"1.0","name":"4194 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"51c88fb7-cb92-4c7d-a9c8-5e680b02fdf7","symbol":"4194","name":"Marketing Home Group Company for Trading Company","exchange":"SAU","country":"SA","asset_type":"equity","currency":"SAR","sector":"Industrials","industry":"Industrial Distribution"},"summary":"Market Dynamics eased this week but remains positive. 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, Drawdown and recovery pressure, Range pressure and compression, Range position and boundary pressure, Activity pressure and cumulative balance, 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":50,"displayedObservations":50,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics eased this week but remains positive. 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 eased this week but remains positive. 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":["2026-03-20","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":[-0.836137,-1.058444,-1.087795,-1.161329,-1.1286,-1.276886,-1.491143,-1.614705,-1.826417,-1.999346,-2.083328,-1.494034,-0.750366,0.039053,0.742539,0.866903,0.829398,0.787517,0.69931,0.543139,0.461663,0.370241],"opens":[47.459999,46.860001,47.599998,42.971271,42.037108,44.668004,42.780625,41.465179,40.206922,40.454758,39.101185,39.940022,44.038878,45.619999,46.5,44.02,46.599998,44.52,43.98,42.18,42.0,41.959999],"highs":[48.720001,49.0,47.720001,43.257238,44.801457,44.668004,42.818751,41.751145,40.950436,40.492888,39.101185,43.066589,47.012931,46.919998,46.599998,49.119999,46.639999,45.299999,44.080002,42.459999,42.720001,42.400002],"lows":[45.259998,46.0,45.240002,41.007632,41.674886,42.971269,41.369858,39.940022,39.997213,38.586443,39.101185,39.024924,44.038878,44.84,43.200001,43.700001,44.48,43.459999,42.0,40.700001,41.279999,40.599998],"closes":[46.220001,47.52,45.259998,42.437466,44.172329,43.066589,41.998981,40.187859,40.416634,39.101185,39.101185,43.066589,44.919998,45.599998,43.939999,45.900002,44.52,44.0,42.16,41.099998,41.939999,40.779999],"pressureRange":[-2.374994,2.374994],"priceRange":[39.101185,47.52],"zones":{"accumulationBoundary":0.18421,"distributionBoundary":0.81579},"latest":0.370241,"state":"Positive but weakening over four weeks","context":{"scenario":"positiveWeakening","latestDirection":"easing","fourWeekDirection":"weakening","now":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeek":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Positive support is weakening","detail":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","annotations":[{"label":"Current tape relationship","value":"Positive support is weakening","detail":"Market Dynamics eased this week but remains positive.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"19 Jun 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":22,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-06-19","price":45.599998}],"distribution_rollovers":[{"date":"2026-04-03","price":45.259998}],"price_pressure_gaps":[{"date":"2026-03-20","price":46.220001}]}},"smTape":{"available":true,"dates":["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":[68.5881,62.7867,65.5471,65.5003,69.1028,69.9449,68.8221,69.8085,67.5173,64.0561,61.9112,59.3762,57.1338,58.7912,56.55,56.1,56.5,54.6,54.3,52.95,53.5,57.05,53.65,54.1,50.6,50.0,48.76,47.26,46.22,47.52,45.26,42.4375,44.1723,43.0666,41.999,40.1879,40.4166,39.1012,39.1012,43.0666,44.92,45.6,43.94,45.9,44.52,44.0,42.16,41.1,41.94,40.78],"consensus":[-97.0,-90.0,76.0872,-19.3333,8.4952,0.0,0.0,9.478,-17.9924,-30.9986,-33.6243,-41.8291,-36.8798,0.0,-39.7561,-28.4307,-13.8735,-27.1942,-15.1459,-33.8375,-12.2555,21.3765,-36.0977,0.0,-44.6903,-31.5528,-23.6655,-44.4981,-37.936,-14.5609,-53.3827,-40.9657,0.0,-45.1542,-37.6347,-49.1679,-29.0467,-46.0039,-29.3442,38.5231,32.0659,24.4185,-9.0295,37.4217,-17.6509,-11.5571,-35.7842,-37.3565,-11.2915,-40.2797],"supportDates":["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":[null,null,null,null,null,0.0,0.0,6.2778,-26.1214,-34.7973,-37.5908,-44.3212,-33.0423,0.0,-44.5945,-30.951,-16.3849,-27.7986,-12.0929,-39.9433,-7.1218,15.8327,-44.7675,0.0,-48.852,-30.7473,-16.5335,-48.9958,-40.4841,-12.8273,-58.2092,-36.6536,0.0,-51.9976,-36.9576,-56.5799,-28.4035,-49.6893,-28.5031,33.0888,17.1312,13.0603,-23.4912,24.2032,-26.0976,-13.3902,-44.3568,-40.2648,-8.8089,-44.4738],"force":[-97.0,-90.0,76.0872,-19.3333,9.3571,0.0,0.0,7.771,-22.1396,-31.8883,-26.5216,-32.4533,-24.2683,0.0,-29.2635,-12.6371,-0.5758,-16.9819,-0.2659,-23.7332,-5.0664,55.6075,-45.1406,0.0,-52.7621,-17.4447,-9.856,-33.5176,-24.3926,-9.1044,-60.9327,-34.5377,0.0,-34.2961,-29.5427,-43.7581,-4.6398,-34.682,-7.0171,87.9823,57.4712,22.001,-30.8897,62.7234,-38.6315,-18.7993,-42.9818,-35.0629,-1.8315,-42.8306],"direction":[null,null,null,null,7.8796,0.0,0.0,14.3547,-5.74,-26.0217,-34.1646,-45.678,-50.2738,0.0,-41.7211,-36.8315,-21.3244,-33.7978,-29.2636,-34.0767,-30.4954,3.2614,-19.73,0.0,-34.1685,-42.5506,-41.6802,-47.201,-44.6978,-33.4458,-42.4739,-50.4853,0.0,-45.089,-44.1885,-44.5613,-47.2152,-49.879,-46.2533,9.4057,30.9875,39.126,-23.1126,34.4558,-6.9886,-4.2893,-20.8459,-35.671,-23.5022,-33.6644],"intensity":[null,null,null,null,75.0,40.0,16.6667,14.2857,37.5,66.6667,70.0,36.3636,66.6667,23.0769,28.5714,26.6667,6.25,58.8235,27.7778,15.7895,20.0,95.2381,63.6364,52.1739,66.6667,92.0,57.6923,18.5185,32.1429,10.3448,43.3333,87.0968,31.25,9.0909,38.2353,37.1429,5.5556,18.9189,18.4211,87.1795,92.5,7.3171,33.3333,55.814,54.5455,15.5556,43.4783,29.7872,8.3333,12.2449],"confirmation":[53.7067,51.4667,47.0146,28.8533,25.4245,25.1134,24.9687,25.6964,51.0934,77.8888,78.4829,81.0616,79.4757,5.5982,80.3284,76.5781,49.4171,76.3817,49.773,78.427,27.2196,53.3015,79.6947,48.0657,82.4835,77.6792,75.2608,81.8362,79.6879,28.5736,85.239,80.9788,7.1765,82.0142,79.8068,83.4559,53.8942,82.32,54.0558,81.9175,79.2629,75.9133,30.9326,80.9475,52.9832,49.2244,79.5397,79.8399,48.9752,44.64],"persistence":[null,null,33.3333,50.0,20.0,16.6667,14.2857,0.0,0.0,0.0,25.0,25.0,50.0,50.0,62.5,87.5,87.5,87.5,87.5,87.5,87.5,75.0,75.0,62.5,62.5,62.5,62.5,62.5,62.5,87.5,87.5,100.0,87.5,87.5,87.5,87.5,87.5,87.5,87.5,62.5,50.0,25.0,25.0,0.0,0.0,0.0,0.0,25.0,50.0,75.0],"assessmentRisk":[null,null,null,null,2.6983,45.8,39.9599,40.6074,16.7028,32.9636,32.5582,29.0464,31.5287,44.6502,29.4013,32.3311,8.5225,35.9352,37.8531,31.6781,42.3656,32.399,1.4021,31.0988,22.7611,34.1634,37.7361,27.7087,30.3453,36.5524,21.1175,28.8638,35.6731,26.2496,29.646,21.1581,34.958,26.8242,34.3001,26.8678,33.1825,37.6998,53.9701,26.8096,2.6309,31.5227,21.0462,30.9614,40.1968,27.744],"volumeParticipation":true,"latest":{"consensus":-40.3,"control":-44.5,"force":-42.8,"direction":-33.7,"confirmation":44.6,"persistence":75.0,"assessmentRisk":27.7,"intensity":12.2,"evidenceDepth":100},"analysis":{"status":"Price 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 strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-40.3","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-44.5","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-42.8","detail":"Downward commitment","tone":"negative"},{"label":"SM 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