{"schema_version":"1.0","name":"S1HW34 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"573eded3-edbc-474a-bd02-49cf3c78c5ed","symbol":"S1HW34","name":"The Sherwin-Williams Company","exchange":"SAO","country":"BR","asset_type":"equity","currency":"BRL","sector":"Basic Materials","industry":"Specialty Chemicals"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":17,"completedEpisodes":16,"activeEpisodes":1,"medianExpectedMove":5.9,"averageExpectedMove":7.6,"averageWeeksToLargestMove":5.8,"horizons":[{"weeks":4,"sample":16,"expectedCount":5,"expectedPercent":31.2,"averageReturn":-2.7,"medianReturn":-2.6,"confidenceLow":14.2,"confidenceHigh":55.6,"confidence":"Mixed historical record"},{"weeks":12,"sample":16,"expectedCount":8,"expectedPercent":50.0,"averageReturn":-0.6,"medianReturn":-0.6,"confidenceLow":28.0,"confidenceHigh":72.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":15,"expectedCount":6,"expectedPercent":40.0,"averageReturn":-0.0,"medianReturn":-4.1,"confidenceLow":19.8,"confidenceHigh":64.3,"confidence":"Mixed historical 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":18.2,"averageExpectedMove":18.2,"averageWeeksToLargestMove":12.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-11.8,"medianReturn":-11.8,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-18.2,"medianReturn":-18.2,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-15.3,"medianReturn":-15.3,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.1,"sample":1},{"week":2,"averageReturn":-8.1,"sample":1},{"week":3,"averageReturn":-13.6,"sample":1},{"week":4,"averageReturn":-11.8,"sample":1},{"week":5,"averageReturn":-13.2,"sample":1},{"week":6,"averageReturn":-16.0,"sample":1},{"week":7,"averageReturn":-10.7,"sample":1},{"week":8,"averageReturn":-11.4,"sample":1},{"week":9,"averageReturn":-13.0,"sample":1},{"week":10,"averageReturn":-13.6,"sample":1},{"week":11,"averageReturn":-14.9,"sample":1},{"week":12,"averageReturn":-18.2,"sample":1},{"week":13,"averageReturn":-11.5,"sample":1},{"week":14,"averageReturn":-13.1,"sample":1},{"week":15,"averageReturn":-18.2,"sample":1},{"week":16,"averageReturn":-19.8,"sample":1},{"week":17,"averageReturn":-18.1,"sample":1},{"week":18,"averageReturn":-18.2,"sample":1},{"week":19,"averageReturn":-17.9,"sample":1},{"week":20,"averageReturn":-19.3,"sample":1},{"week":21,"averageReturn":-21.6,"sample":1},{"week":22,"averageReturn":-15.0,"sample":1},{"week":23,"averageReturn":-17.2,"sample":1},{"week":24,"averageReturn":-13.9,"sample":1},{"week":25,"averageReturn":-16.4,"sample":1},{"week":26,"averageReturn":-15.3,"sample":1}]},"currentApplication":{"status":"Underlying strength ahead of price","tone":"positive","headline":"Underlying strength is leading price","use":"A positive price response is needed before the early upside case is confirmed.","confirm":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":50.0,"averageReturn":-0.6,"sample":16},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"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":"Early repair watch","title":"Prepare the case before price confirms the recovery","tone":"recovery","approach":"Use the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.","finding":"In this ticker's completed record, 50.0% of comparable cases moved higher after 12 weeks, with an average move of -0.6% across 16 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, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 3.0 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 7.6% across 16 completed cases, with the largest move arriving after 5.8 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":[],"distribution_rollovers":[{"date":"2024-12-13","price":217.994522}],"price_pressure_gaps":[{"date":"2024-11-29","price":237.217972}]}},"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":[194.6813,205.481,199.3196,207.9732,202.7514,206.47,200.5657,210.9995,218.8817,203.5327,207.0732,219.5344,222.0353,222.679,237.218,232.1274,217.9945,204.862,209.289,205.8325,199.3653,211.7947,210.1705,206.3871,204.9313,201.762,194.0964,209.9822,206.0543,194.112,190.1544,194.3005,194.0724,194.7072,191.5232,186.0778,201.7496,196.4628,204.3492,198.2098,200.9715,200.6238,185.1064,181.8976,187.0635,190.9379,190.2027,186.8648,187.6198,189.1298,189.7656,194.9571,202.9364,197.4444,201.7425,193.0269,184.8784,181.416,180.7793,179.3864,177.5159,176.9388,189.0372,180.3515,176.194,180.8779,183.1202,178.8349,174.8287,176.7023,179.2037,177.5095,188.3522,190.8636,182.1535,185.213,188.4021,191.8103,186.1897,184.1431,176.4971,166.3955,160.4564,164.6587,164.6587,169.557,171.7129,171.7129,159.4862,155.8431,153.7671,165.0,153.3,156.12,159.12,164.35,177.71,184.1,171.05,171.05,157.72,174.42,188.87,187.16],"consensus":[42.3824,73.5218,12.3442,77.5453,0.0,25.4103,0.0,59.9669,70.7349,-32.7105,33.5181,67.4441,46.1823,49.6808,73.283,17.5094,-32.9857,-52.3636,-11.1285,-34.005,-43.7806,25.7908,-14.2683,-27.4566,-14.0477,-43.58,-55.564,33.6812,-21.2087,-60.5213,-35.169,-16.0235,-21.6454,0.0,-34.7097,-41.0355,40.058,-21.3456,41.0147,-17.5862,17.5772,0.0,-58.0109,-44.4894,-18.1279,0.0,0.0,-31.4462,0.0,0.0,0.0,32.5765,64.9729,-8.1137,54.1246,-31.443,-58.098,-51.8634,-42.8846,-36.5382,-46.5135,-29.2083,37.6847,-26.4856,-36.3139,27.9095,13.3361,-36.1026,-47.3001,0.0,8.1486,-27.2472,64.1504,54.4418,-24.7472,39.6984,27.682,53.4259,-15.8586,0.0,-48.9227,-72.342,-73.5049,-27.2981,-33.8378,20.0712,21.7322,0.0,-64.3566,-63.8964,-29.0308,16.2975,-60.3223,9.2873,0.0,13.0507,70.1231,49.9406,0.0,16.6364,-64.4575,38.9676,76.5465,39.7824],"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":[62.087,-12.1542,48.3514,-41.2038,-55.5705,-52.9743,-45.1953,-33.8292,-53.0454,-24.4504,38.9239,-34.7187,-44.8404,23.1384,25.7442,-47.863,-49.5521,0.0,22.3094,-37.9331,59.0835,59.1167,-39.3937,30.6011,33.5995,58.3644,-31.1874,0.0,-54.248,-73.0988,-75.2259,-19.641,-29.1028,16.0902,15.4728,0.0,-62.4071,-61.9982,-15.0894,34.7855,-68.8003,11.4695,0.0,18.5493,74.1888,48.5432,0.0,9.58,-60.778,44.0533,78.0783,45.2236],"force":[89.0092,-58.5445,74.8771,-49.4119,-80.2093,-51.3911,-26.4185,-18.025,-29.8121,-11.4687,51.4754,-24.3403,-27.7953,79.6107,33.5508,-37.165,-65.6708,0.0,21.2779,-24.4016,94.5675,47.6999,-49.4851,66.8727,21.3584,69.3001,-44.0306,0.0,-51.357,-92.2521,-85.8081,-4.188,-9.568,75.9445,53.9788,0.0,-88.5625,-72.5244,-5.2874,44.6723,-61.4234,58.7853,0.0,17.4314,80.7485,30.9337,0.0,7.3807,-96.5737,72.7031,94.5183,2.1457],"direction":[51.1023,-32.526,45.8993,-7.453,-45.1929,-50.9312,-52.0053,-52.8581,-50.9781,-47.317,26.418,-18.6088,-32.6541,3.5671,15.2836,-21.9032,-31.6046,0.0,17.4131,-17.0672,48.2146,53.9146,-9.6616,30.685,25.436,36.4431,-21.7829,0.0,-41.0979,-57.2556,-62.7499,-58.5391,-56.5848,15.2885,5.8524,0.0,-49.2948,-59.9029,-61.9235,25.0993,-49.8466,28.5624,0.0,3.6377,57.8872,65.1141,0.0,31.3119,-45.7225,9.0587,61.9588,60.4472],"intensity":[53.8462,36.5385,30.7692,61.5385,82.6923,25.0,3.8462,26.9231,5.7692,38.4615,98.0769,80.7692,32.6923,36.5385,61.5385,34.6154,55.7692,57.6923,73.0769,3.8462,76.9231,65.3846,71.1538,28.8462,57.6923,19.2308,46.1538,100.0,98.0769,76.9231,76.9231,32.6923,1.9231,48.0769,59.6154,51.9231,90.3846,84.6154,50.0,82.6923,82.6923,71.1538,84.6154,38.4615,92.3077,57.6923,90.3846,3.8462,92.3077,94.2308,98.0769,53.8462],"confirmation":[89.5678,33.6773,86.0403,55.794,87.3038,84.565,81.186,79.1693,82.2758,76.8785,80.4605,76.2846,79.2309,56.6737,30.6217,79.406,83.6616,7.7877,29.1734,76.4695,89.5323,85.1447,33.1777,81.6703,76.5754,85.5048,33.0134,24.5308,83.6483,91.7447,91.8703,54.1193,78.1606,34.1145,53.3658,2.1493,89.3615,88.7387,54.112,33.8194,87.2075,33.2072,25.9105,49.5593,90.7013,83.423,29.5468,50.4824,89.6612,81.4203,93.0192,64.8338],"persistence":[12.5,0.0,12.5,12.5,0.0,12.5,25.0,50.0,75.0,75.0,75.0,75.0,75.0,50.0,25.0,25.0,25.0,12.5,12.5,12.5,12.5,12.5,12.5,12.5,37.5,50.0,25.0,37.5,12.5,12.5,12.5,37.5,62.5,62.5,37.5,37.5,37.5,37.5,37.5,12.5,12.5,12.5,25.0,12.5,12.5,37.5,50.0,50.0,50.0,50.0,62.5,62.5],"assessmentRisk":[17.1035,48.8379,21.2841,4.0366,20.8675,23.9105,28.5413,31.386,22.3744,22.2019,25.5215,20.8517,7.5005,15.7093,45.3571,4.7844,10.9537,35.4548,37.117,0.5372,17.0341,22.0838,34.3083,24.7837,13.3271,16.7578,41.7741,8.8252,24.5101,13.8138,13.2315,36.2014,31.1895,16.8636,37.7928,44.5883,4.4576,17.4673,35.4009,47.7543,5.9268,2.5895,34.5669,11.6481,14.8281,24.9827,42.9111,25.4849,16.6712,58.1272,9.0354,26.3677],"volumeParticipation":true,"latest":{"consensus":39.8,"control":45.2,"force":2.1,"direction":60.4,"confirmation":64.8,"persistence":62.5,"assessmentRisk":26.4,"intensity":53.8,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Commitment is limited","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+39.8","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+45.2","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+2.1","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+60.4","detail":"Upward 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