{"schema_version":"1.0","name":"RENT4 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"56b0d713-e75d-4c9c-a661-83aef9cc83b9","symbol":"RENT4","name":"Localiza Rent a Car S.A.","exchange":"SAO","country":"BR","asset_type":"equity","currency":"BRL","sector":"Industrials","industry":"Rental & Leasing Services"},"summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","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, Acceleration, deceleration and rollover, Range pressure and compression, Range position and boundary pressure, 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":33,"displayedObservations":33,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","evidenceAlignment":{"status":"Evidence developing","headline":"Price structure is visible; Market Dynamics is not yet established","summary":"The completed price path and its progression through the positioning zones can be described, but there is not enough usable Market Dynamics history to confirm or challenge the technical state.","take":"Treat movement through the zones as price-location context only. Reaching the upper zone shows extension, but without an established Market Dynamics read it does not by itself establish active distribution, divergence or reversal risk.","tone":"neutral","conflict":false},"marketDynamics":{"available":true,"readAvailable":false,"dates":["2026-07-17","2026-07-24","2026-07-31","2026-08-07","2026-08-14"],"values":[-0.807841,-1.136267,-1.24374,-1.255842,-1.258488],"opens":[39.990002,36.810001,36.740002,36.779999,37.110001],"highs":[40.220001,37.18,37.73,39.0,37.119999],"lows":[36.52,35.139999,35.849998,35.41,32.099998],"closes":[36.810001,35.700001,36.53,37.259998,32.380001],"hoverRows":[[{"label":"Open","value":"40.0","className":"is-ohlc","compact":true},{"label":"High","value":"40.2","className":"is-ohlc","compact":true},{"label":"Low","value":"36.5","className":"is-ohlc","compact":true},{"label":"Close","value":"36.8","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"36.8","className":"is-ohlc","compact":true},{"label":"High","value":"37.2","className":"is-ohlc","compact":true},{"label":"Low","value":"35.1","className":"is-ohlc","compact":true},{"label":"Close","value":"35.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"36.7","className":"is-ohlc","compact":true},{"label":"High","value":"37.7","className":"is-ohlc","compact":true},{"label":"Low","value":"35.8","className":"is-ohlc","compact":true},{"label":"Close","value":"36.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"36.8","className":"is-ohlc","compact":true},{"label":"High","value":"39.0","className":"is-ohlc","compact":true},{"label":"Low","value":"35.4","className":"is-ohlc","compact":true},{"label":"Close","value":"37.3","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"37.1","className":"is-ohlc","compact":true},{"label":"High","value":"37.1","className":"is-ohlc","compact":true},{"label":"Low","value":"32.1","className":"is-ohlc","compact":true},{"label":"Close","value":"32.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"Unavailable","note":"Insufficient completed history","className":"is-muted","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[32.087201,37.552798],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"state":"Insufficient history","context":{"scenario":"developing","latestDirection":"slight easing","fourWeekDirection":"weakening","now":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"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":"Zone progression","detail":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","tone":"neutral"},"chartSummary":"Price is in the accumulation zone. The Market Dynamics bars show whether underlying conditions are repairing or continuing to weaken.","summary":"Across the displayed history, price has moved from the upper positioning area into the lower accumulation zone. Market Dynamics history is not yet sufficient to classify the move.","annotations":[{"label":"Current tape relationship","value":"Zone progression","detail":"Market Dynamics weakened this week and remains below zero.","tone":"neutral"},{"label":"Price location","value":"Accumulation zone","detail":"Price is in the lower accumulation area. With limited Market Dynamics history, the zone describes location rather than a completed positioning signal.","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":"Unavailable","detail":"Too little usable Market Dynamics history is available for a directional confirmation read.","tone":"neutral"}],"relationshipEvidence":{"available":false,"observations":25,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[40.107,40.9961,38.645,42.6458,46.0934,49.1657,48.9977,49.9362,48.2173,43.1299,41.1443,40.2552,42.4779,45.71,47.13,49.26,47.21,43.5697,46.8863,41.0132,40.954,39.957,38.052,38.7232,37.7262,40.8849,40.0,39.63,36.81,35.7,36.53,37.26,32.38],"consensus":[-100.0,-34.5454,-89.5106,39.4494,59.8601,58.0697,32.7473,45.6212,0.0,-51.4549,-44.4023,-40.0851,0.0,36.1605,33.7377,46.8153,0.0,-33.6655,27.126,-49.7984,-23.8747,-37.0,-47.7911,-20.553,-43.4315,12.2633,-10.8015,0.0,-46.3316,-45.1512,-23.2064,-12.6787,-65.105],"supportDates":["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,61.9683,21.4017,42.3698,0.0,-40.3468,-35.9481,-31.9182,0.0,36.2984,22.3907,38.5935,0.0,-35.5481,34.0008,-50.5277,-18.6304,-38.8774,-53.4366,-17.5496,-48.7843,17.752,-19.0667,0.0,-56.0917,-45.0741,-21.2279,-5.874,-70.6936],"force":[-100.0,-34.5454,-89.5106,39.4494,33.7633,38.1082,4.335,22.8475,0.0,-89.0958,-48.4655,-33.125,0.0,41.6698,32.3187,43.1676,0.0,-52.7045,39.1519,-59.9074,-9.9379,-31.5621,-33.3033,-0.433,-32.7174,27.6646,-4.8441,0.0,-45.0687,-35.2927,-2.1907,-3.6658,-68.4185],"direction":[null,null,null,null,78.5007,67.8724,66.0082,65.604,0.0,-37.2636,-51.162,-54.3901,0.0,32.0677,47.7192,58.8172,0.0,-17.9146,10.6791,-41.7441,-39.823,-38.7388,-51.6875,-38.3568,-44.9669,5.0106,-5.6108,0.0,-36.0793,-52.2812,-43.6083,-32.1302,-56.3512],"intensity":[null,null,null,null,100.0,60.0,16.6667,14.2857,37.5,100.0,60.0,45.4545,33.3333,61.5385,78.5714,26.6667,25.0,82.3529,61.1111,100.0,85.0,4.7619,63.6364,4.3478,8.3333,52.0,7.6923,7.4074,53.5714,55.1724,6.6667,25.8065,93.75],"confirmation":[54.6667,33.7212,51.3101,35.2905,63.2956,85.9145,55.1195,81.9543,8.0966,85.782,82.4614,80.7396,5.7718,79.7372,78.9257,82.995,30.2536,79.3245,76.9421,84.2324,75.2951,79.6457,82.7656,51.3429,81.49,50.7122,25.8156,2.7989,82.6389,82.1491,52.4829,27.1115,55.0],"persistence":[null,null,100.0,50.0,20.0,0.0,14.2857,25.0,37.5,37.5,37.5,12.5,0.0,0.0,0.0,0.0,0.0,0.0,25.0,25.0,12.5,12.5,37.5,62.5,75.0,50.0,75.0,62.5,62.5,62.5,62.5,62.5,62.5],"assessmentRisk":[null,null,null,null,19.2251,20.8741,33.6161,27.0942,34.4149,22.8755,27.449,29.8876,46.5846,19.457,32.0367,26.5048,48.4734,17.667,18.3282,24.7171,36.6672,23.7005,25.9729,24.7636,20.3194,10.3224,37.6645,17.3397,5.0708,26.1193,33.7563,34.6302,16.5796],"volumeParticipation":true,"latest":{"consensus":-65.1,"control":-70.7,"force":-68.4,"direction":-56.4,"confirmation":55.0,"persistence":62.5,"assessmentRisk":16.6,"intensity":93.8,"evidenceDepth":100},"analysis":{"status":"Price structure has the available support","headline":"The gauges support the price-technical view","summary":"Market Dynamics does not provide a directional confirmation. The completed evidence supports the downward price structure.","take":"Current assessment: follow price structure with limited confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":false},"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":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-65.1","detail":"Price structure has the available support","tone":"negative"},{"label":"SM Control Gauge","value":"-70.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-68.4","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-56.4","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"55/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"36.9","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"11.0%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"11.0","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"1%","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 downward.","series":[{"label":"Close","values":[40.107,40.9961,38.645,42.6458,46.0934,49.1657,48.9977,49.9362,48.2173,43.1299,41.1443,40.2552,42.4779,45.71,47.13,49.26,47.21,43.5697,46.8863,41.0132,40.954,39.957,38.052,38.7232,37.7262,40.8849,40.0,39.63,36.81,35.7,36.53,37.26,32.38],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,41.4837,42.8804,43.9927,45.0733,45.645,45.1877,44.4525,43.6894,43.4691,43.8765,44.4681,45.3393,45.6795,45.2959,45.585,44.7538,44.0629,43.3164,42.3592,41.6981,40.976,40.9594,40.785,40.575,39.8904,39.1285,38.6561,38.4022,37.3073],"stroke":"#176fa3","width":1.7},{"label":"Slow trend","values":[null,null,null,null,null,null,null,null,null,null,null,null,42.5918,42.8228,43.1418,43.595,43.8628,43.8411,44.0667,43.8405,43.6267,43.3548,42.962,42.648,42.2835,42.1799,42.0184,41.8415,41.4688,41.0415,40.7073,40.4519,39.854],"stroke":"#07865c","width":1.8},{"label":"Upper 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envelope","values":[null,null,null,null,null,null,null,null,null,36.8381,36.5917,36.2256,36.3595,36.7066,37.0019,37.1486,37.4222,37.5413,37.7794,37.5696,37.7115,37.5362,37.4025,36.8022,35.8978,35.7457,35.5681,35.5996,35.0955,34.2222,33.6632,33.3159,31.9463],"stroke":"#98a9b8","width":1.0,"dash":[6,5]}],"guides":[],"dates":["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"]},{"key":"drawdown","eyebrow":"Path risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,0.0,-5.7349,0.0,0.0,0.0,-0.3416,0.0,-3.4421,-13.6301,-17.6063,-19.3868,-14.9357,-8.4632,-5.6196,-1.3541,-5.4594,-12.7492,-6.1076,-17.8688,-17.9874,-19.9839,-23.7989,-22.4547,-24.4512,-18.1258,-19.8978,-20.6387,-26.2859,-28.5088,-26.8467,-25.3848,-35.1573],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,29.2178,24.7699,11.6053,6.4673,4.1667,9.9182,18.2818,21.9563,27.468,22.1633,12.7435,21.3257,6.1281,5.9748,3.3951,0.0,1.7639,0.0,8.3726,6.0271,5.0463,0.0,0.0,2.3249,4.3697,0.0],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior high","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"impulse","eyebrow":"Price impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of 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