{"schema_version":"1.0","name":"BIDU34 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"54774a47-1774-4956-a52c-7c1e9850ecf9","symbol":"BIDU34","name":"Baidu, Inc.","exchange":"SAO","country":"BR","asset_type":"equity","currency":"BRL","sector":"Communication Services","industry":"Internet Content & Information"},"summary":"Price structure and the underlying tape currently reinforce the same downside read.","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 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.0,"sample":23},{"week":2,"averageReturn":-0.4,"sample":23},{"week":3,"averageReturn":0.1,"sample":23},{"week":4,"averageReturn":-1.8,"sample":23},{"week":5,"averageReturn":-2.2,"sample":23},{"week":6,"averageReturn":-2.0,"sample":23},{"week":7,"averageReturn":-0.1,"sample":23},{"week":8,"averageReturn":0.4,"sample":23},{"week":9,"averageReturn":0.4,"sample":23},{"week":10,"averageReturn":-1.7,"sample":23},{"week":11,"averageReturn":-1.5,"sample":22},{"week":12,"averageReturn":-2.8,"sample":22},{"week":13,"averageReturn":-1.9,"sample":22},{"week":14,"averageReturn":-1.6,"sample":22},{"week":15,"averageReturn":-3.7,"sample":22},{"week":16,"averageReturn":-4.7,"sample":22},{"week":17,"averageReturn":-3.1,"sample":22},{"week":18,"averageReturn":-3.7,"sample":22},{"week":19,"averageReturn":-3.4,"sample":22},{"week":20,"averageReturn":-3.8,"sample":22},{"week":21,"averageReturn":-4.0,"sample":22},{"week":22,"averageReturn":-2.6,"sample":22},{"week":23,"averageReturn":-3.7,"sample":22},{"week":24,"averageReturn":-1.8,"sample":22},{"week":25,"averageReturn":-0.2,"sample":22},{"week":26,"averageReturn":0.6,"sample":22}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":34.1,"averageExpectedMove":34.1,"averageWeeksToLargestMove":12.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-13.4,"medianReturn":-13.4,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-34.1,"medianReturn":-34.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-27.1,"medianReturn":-27.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":4.6,"sample":1},{"week":2,"averageReturn":-2.5,"sample":1},{"week":3,"averageReturn":-7.6,"sample":1},{"week":4,"averageReturn":-13.4,"sample":1},{"week":5,"averageReturn":-15.2,"sample":1},{"week":6,"averageReturn":-23.6,"sample":1},{"week":7,"averageReturn":-24.7,"sample":1},{"week":8,"averageReturn":-19.8,"sample":1},{"week":9,"averageReturn":-26.7,"sample":1},{"week":10,"averageReturn":-31.7,"sample":1},{"week":11,"averageReturn":-31.4,"sample":1},{"week":12,"averageReturn":-34.1,"sample":1},{"week":13,"averageReturn":-22.9,"sample":1},{"week":14,"averageReturn":-22.0,"sample":1},{"week":15,"averageReturn":-23.8,"sample":1},{"week":16,"averageReturn":-18.1,"sample":1},{"week":17,"averageReturn":-16.6,"sample":1},{"week":18,"averageReturn":-22.4,"sample":1},{"week":19,"averageReturn":-16.4,"sample":1},{"week":20,"averageReturn":-24.1,"sample":1},{"week":21,"averageReturn":-28.8,"sample":1},{"week":22,"averageReturn":-29.3,"sample":1},{"week":23,"averageReturn":-32.2,"sample":1},{"week":24,"averageReturn":-27.2,"sample":1},{"week":25,"averageReturn":-28.9,"sample":1},{"week":26,"averageReturn":-27.1,"sample":1}]},"currentApplication":{"status":"Evidence aligned downward","tone":"negative","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":61.9,"averageReturn":-2.7,"sample":21},"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 structure is downward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"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":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 61.9% of comparable cases moved lower after 12 weeks, with an average move of -2.7% across 21 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, 66.7% of completed 12-week outcomes were higher across 9 cases. Distinct visits lasted 3.4 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 13.6% across 22 completed cases, with the largest move arriving after 5.3 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":"2024-10-04","price":43.080002},{"date":"2024-11-29","price":36.0},{"date":"2025-02-14","price":39.5},{"date":"2025-07-25","price":36.0},{"date":"2025-08-29","price":37.02}],"distribution_rollovers":[],"price_pressure_gaps":[{"date":"2026-01-16","price":58.970001}]}},"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":[33.66,33.78,32.43,33.25,33.96,40.95,43.08,41.72,38.44,36.7,37.8,37.78,35.97,33.35,36.0,37.72,39.12,37.14,38.15,37.28,33.89,35.78,36.46,37.8,36.96,39.5,37.69,36.2,39.25,38.5,38.46,38.45,34.54,34.58,35.59,36.73,36.27,35.14,36.18,33.92,33.44,34.22,34.0,33.07,33.78,34.25,34.36,35.1,36.0,34.15,33.99,34.8,34.98,37.02,38.66,44.89,51.3,51.99,54.19,47.72,47.47,47.2,46.48,48.3,43.85,43.2,45.15,49.28,48.3,49.23,49.49,57.08,54.84,58.97,61.7,57.52,54.47,51.06,50.01,45.03,44.42,47.31,43.23,40.27,40.47,38.87,45.45,45.98,44.92,48.3,49.21,45.78,49.27,44.73,41.97,41.67,39.97,42.93,41.95,42.98,38.27,40.12,39.76,38.56],"consensus":[-39.5749,-10.1885,-53.3684,-11.6029,12.4795,71.6715,62.3878,10.4717,-10.729,-29.3346,0.0,0.0,-29.8066,-57.25,16.9026,30.8215,31.2654,-17.2183,13.5084,-8.192,-54.9769,8.4895,0.0,17.4562,0.0,48.7092,-14.5498,-32.052,47.9511,0.0,0.0,8.4079,-53.9497,-13.5538,0.0,10.892,0.0,-25.7021,0.0,-50.7946,-36.6104,0.0,-29.798,-35.9269,0.0,0.0,0.0,18.3843,29.4931,-36.5102,-11.9023,17.8628,0.0,55.0412,53.1486,81.6091,83.9712,53.4556,73.6443,-11.345,0.0,12.2671,-13.077,31.4933,-46.2159,-25.5943,10.3718,49.9114,0.0,35.5846,28.7385,64.3588,10.9725,63.7495,61.8111,-11.9004,-10.296,-36.9483,-31.7057,-61.174,-43.6491,0.0,-59.9477,-60.8807,-35.3746,-56.8773,34.6412,17.7749,0.0,43.3545,17.1639,-31.1803,42.6878,-37.078,-37.1738,-17.0341,-21.6146,0.0,-28.2473,13.1842,-57.9658,0.0,-26.8729,-39.7667],"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":[0.0,48.7995,49.7711,84.4634,84.3413,47.3719,68.438,-22.8948,0.0,26.3808,-7.7627,33.4813,-40.3435,-19.6633,10.7788,56.7377,0.0,35.2694,29.5421,67.7351,1.1197,68.3721,63.9532,-13.2067,-9.9031,-31.5298,-28.9153,-61.4875,-42.2684,0.0,-66.1732,-70.2237,-33.1489,-60.0074,38.6101,16.9027,0.0,32.3233,8.4658,-33.1038,42.4774,-42.6175,-37.3617,-7.0449,-8.1628,0.0,-40.2305,16.1555,-65.1436,0.0,-29.3282,-42.4791],"force":[0.0,83.0958,57.6713,94.6759,95.3923,33.212,79.3229,-79.4429,0.0,8.8992,-39.8169,31.114,-89.0135,-31.6802,31.626,68.2121,0.0,31.5672,16.2212,66.7787,27.8852,60.4795,55.7136,-74.6656,-40.4306,-54.2904,-26.8069,-68.0532,-26.5415,0.0,-53.9899,-46.8381,-7.704,-41.7378,76.9545,25.0065,0.0,75.0385,11.1427,-64.3982,58.2366,-45.6738,-27.9558,-0.3081,-3.1082,0.0,-23.372,30.5646,-72.3452,0.0,-16.5087,-31.3744],"direction":[0.0,42.1357,53.7782,69.0137,75.3901,74.8681,75.5381,-50.4962,0.0,11.2559,-0.0506,29.4924,-22.3575,-28.0254,5.2748,29.038,0.0,38.8143,36.7609,58.7716,52.5476,60.8023,63.7184,-34.4247,-10.7797,-30.7536,-38.394,-55.9019,-57.4466,0.0,-57.0884,-60.2334,-57.6829,-64.114,0.1186,13.6062,0.0,33.3301,31.4053,-5.255,31.822,-24.6073,-43.5435,-40.3975,-50.2067,0.0,-18.0347,2.6262,-39.4917,0.0,-31.4699,-42.6614],"intensity":[3.8462,61.5385,63.4615,96.1538,98.0769,86.5385,65.3846,98.0769,98.0769,55.7692,67.3077,40.3846,90.3846,90.3846,71.1538,86.5385,78.8462,59.6154,69.2308,100.0,90.3846,82.6923,69.2308,82.6923,90.3846,67.3077,82.6923,82.6923,94.2308,55.7692,69.2308,65.3846,28.8462,26.9231,92.3077,61.5385,19.2308,86.5385,59.6154,53.8462,55.7692,75.0,75.0,13.4615,46.1538,69.2308,5.7692,46.1538,75.0,19.2308,23.0769,9.6154],"confirmation":[47.6051,86.5633,85.1969,94.4696,95.2132,84.5815,91.8186,38.9689,28.1162,27.6305,27.7472,78.036,84.1829,76.466,50.4192,84.4254,7.5658,79.2694,76.8026,88.6171,8.6989,88.2297,87.5611,35.7117,29.1854,80.4345,78.0391,87.7805,81.4674,32.8427,86.9068,86.9115,55.8438,85.6916,57.6729,73.9216,1.2827,83.0071,73.4415,56.2941,82.1372,80.0425,79.6118,27.7601,51.891,4.8309,76.708,50.5969,86.8779,30.7254,76.2461,88.4283],"persistence":[12.5,25.0,37.5,37.5,37.5,62.5,87.5,62.5,62.5,62.5,37.5,37.5,12.5,12.5,12.5,12.5,12.5,12.5,37.5,37.5,62.5,87.5,87.5,62.5,50.0,25.0,0.0,25.0,50.0,62.5,87.5,87.5,87.5,87.5,62.5,37.5,25.0,12.5,12.5,12.5,37.5,37.5,12.5,12.5,25.0,37.5,62.5,37.5,62.5,50.0,50.0,50.0],"assessmentRisk":[45.565,22.2887,23.4184,9.1938,8.0144,23.272,13.1778,41.7322,45.2338,51.5966,42.7927,6.4227,16.1878,28.3564,23.6717,11.4783,43.511,31.0998,31.8707,16.8816,43.5065,17.9767,19.0645,12.5787,0.2071,30.6609,34.0543,19.3123,27.8969,40.9607,17.6258,12.4192,26.3403,21.2918,12.3219,38.6377,45.3268,28.0811,33.706,12.4183,23.4869,21.4187,30.3082,35.1922,39.0023,26.2032,13.796,17.7148,1.3364,38.6725,21.0408,27.0977],"volumeParticipation":true,"latest":{"consensus":-39.8,"control":-42.5,"force":-31.4,"direction":-42.7,"confirmation":88.4,"persistence":50.0,"assessmentRisk":27.1,"intensity":9.6,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-39.8","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-42.5","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-31.4","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-42.7","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"88/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"41.5","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"10.1%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"13.4","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"8%","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 trend references are aligned 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