{"schema_version":"1.0","name":"WEGE3 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"66b96716-e539-4011-98c6-cb2287dc3d60","symbol":"WEGE3","name":"WEG S.A.","exchange":"SAO","country":"BR","asset_type":"equity","currency":"BRL","sector":"Industrials","industry":"Electrical Equipment & Parts"},"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":13,"completedEpisodes":13,"activeEpisodes":0,"medianExpectedMove":6.6,"averageExpectedMove":12.4,"averageWeeksToLargestMove":6.9,"horizons":[{"weeks":4,"sample":13,"expectedCount":6,"expectedPercent":46.2,"averageReturn":0.1,"medianReturn":-0.2,"confidenceLow":23.2,"confidenceHigh":70.9,"confidence":"Mixed historical record"},{"weeks":12,"sample":13,"expectedCount":7,"expectedPercent":53.8,"averageReturn":4.2,"medianReturn":1.2,"confidenceLow":29.1,"confidenceHigh":76.8,"confidence":"Mixed historical record"},{"weeks":26,"sample":12,"expectedCount":6,"expectedPercent":50.0,"averageReturn":8.3,"medianReturn":-0.3,"confidenceLow":25.4,"confidenceHigh":74.6,"confidence":"Mixed historical 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":5,"completedEpisodes":5,"activeEpisodes":0,"medianExpectedMove":12.8,"averageExpectedMove":13.3,"averageWeeksToLargestMove":9.6,"horizons":[{"weeks":4,"sample":5,"expectedCount":4,"expectedPercent":80.0,"averageReturn":-6.0,"medianReturn":-5.5,"confidenceLow":37.6,"confidenceHigh":96.4,"confidence":"Mixed historical record"},{"weeks":12,"sample":5,"expectedCount":4,"expectedPercent":80.0,"averageReturn":-9.4,"medianReturn":-12.1,"confidenceLow":37.6,"confidenceHigh":96.4,"confidence":"Mixed historical record"},{"weeks":26,"sample":4,"expectedCount":4,"expectedPercent":100.0,"averageReturn":-23.1,"medianReturn":-23.1,"confidenceLow":51.0,"confidenceHigh":100.0,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.4,"sample":5},{"week":2,"averageReturn":-3.9,"sample":5},{"week":3,"averageReturn":-6.0,"sample":5},{"week":4,"averageReturn":-6.0,"sample":5},{"week":5,"averageReturn":-7.4,"sample":5},{"week":6,"averageReturn":-7.5,"sample":5},{"week":7,"averageReturn":-6.0,"sample":5},{"week":8,"averageReturn":-8.4,"sample":5},{"week":9,"averageReturn":-9.7,"sample":5},{"week":10,"averageReturn":-9.7,"sample":5},{"week":11,"averageReturn":-7.2,"sample":5},{"week":12,"averageReturn":-9.4,"sample":5},{"week":13,"averageReturn":-7.2,"sample":5},{"week":14,"averageReturn":-11.6,"sample":5},{"week":15,"averageReturn":-12.0,"sample":5},{"week":16,"averageReturn":-12.8,"sample":5},{"week":17,"averageReturn":-14.1,"sample":5},{"week":18,"averageReturn":-16.3,"sample":5},{"week":19,"averageReturn":-17.0,"sample":4},{"week":20,"averageReturn":-16.7,"sample":4},{"week":21,"averageReturn":-19.9,"sample":4},{"week":22,"averageReturn":-21.0,"sample":4},{"week":23,"averageReturn":-19.9,"sample":4},{"week":24,"averageReturn":-19.4,"sample":4},{"week":25,"averageReturn":-21.0,"sample":4},{"week":26,"averageReturn":-23.1,"sample":4}]},"currentApplication":{"status":"Evidence aligned","tone":"positive","headline":"Price and Market Dynamics remain aligned upward","use":"The advance retains underlying support while price structure and Market Dynamics remain intact.","confirm":"The advance remains supported. Reclassify it only if the broader Market Dynamics path weakens or price structure breaks.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics remains positive and has strengthened across the recent completed path. A slight weekly pause does not yet change the broader constructive reading.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":60.0,"averageReturn":5.6,"sample":15},"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 structure is upward","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":"Trend participation","title":"Let confirmation support the position, then manage extension","tone":"positive","approach":"This is most useful for holding or selectively adding to an established upward case. Risk should still tighten as price becomes extended; confirmation is support, not immunity from reversal.","finding":"In this ticker's completed record, 60.0% of comparable cases moved higher after 12 weeks, with an average move of 5.6% across 15 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 85.7% of completed 12-week outcomes were lower across 7 cases. Distinct visits lasted 1.6 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 10.3% across 23 completed cases, with the largest move arriving after 6.9 weeks on average.","approach":"Avoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.","watch":"The warning ends when Market Dynamics catches up or price gives way."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"distribution_rollovers":[{"date":"2024-10-04","price":51.482437},{"date":"2024-11-01","price":51.671368},{"date":"2024-11-15","price":51.340736},{"date":"2024-12-27","price":50.780777},{"date":"2026-02-20","price":51.876743}],"price_pressure_gaps":[{"date":"2024-10-25","price":52.398735},{"date":"2024-11-08","price":52.039772},{"date":"2024-12-06","price":52.521542},{"date":"2025-01-24","price":54.744473},{"date":"2026-04-10","price":52.880001}]}},"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":[50.7671,51.0879,49.8897,50.5878,49.55,52.8615,51.4824,51.1707,52.1626,52.3987,51.6714,52.0398,51.3407,51.0196,50.9534,52.5215,54.4675,52.4649,50.7808,49.6267,50.4686,51.2443,54.7445,52.0673,51.0267,50.8943,50.0902,45.8049,45.5884,44.4937,45.5504,43.7202,41.6892,43.0241,43.8156,47.5726,42.3566,39.8488,42.9097,41.6606,40.3828,40.5926,40.4209,39.7058,40.4742,41.0954,37.9894,40.4933,34.5679,35.7024,36.5859,34.5405,36.0097,36.1634,36.3458,35.4816,34.9054,34.8766,35.0599,35.3392,38.6718,39.8469,40.55,43.3432,42.8038,41.6288,42.6208,45.4375,48.1813,48.3759,48.6438,48.1449,45.9996,46.2191,49.7614,51.6073,51.737,53.6828,51.8767,49.5917,46.5184,46.1093,45.8599,47.41,50.31,52.88,48.65,47.6895,44.7563,45.4147,43.0303,42.6312,43.998,42.3618,42.5115,45.0556,46.9,46.48,46.51,43.63,45.99,47.2,48.12,47.5],"consensus":[52.0476,51.5667,18.3888,43.4644,0.0,71.7373,9.4775,22.0652,40.9627,20.2248,0.0,18.9522,0.0,0.0,0.0,38.9989,49.1692,-15.5766,-31.6057,-42.3037,0.0,9.4472,59.6982,-16.1278,-19.8146,0.0,-27.3612,-72.041,-32.9019,-51.6024,-20.3745,-62.0955,-64.0333,-9.4871,-15.3349,49.1427,-55.2714,-70.3448,14.4113,-43.567,-50.9978,-16.2738,-28.6818,-39.7491,0.0,0.0,-62.6781,27.5865,-72.2877,-15.0657,-15.0943,-60.3219,10.8121,-15.68,-9.5546,-25.5866,-38.191,-27.6834,-17.6792,0.0,60.8731,53.6725,40.1308,74.3961,20.7028,11.4057,48.723,72.5608,78.1782,42.1437,53.4071,22.6114,-16.7166,12.2834,61.1301,58.3835,33.0157,63.6497,9.1035,-20.4379,-50.4849,-29.5983,-31.2144,0.0,45.201,57.6122,-29.5064,-15.9574,-56.2727,-16.9118,-55.3517,-33.1822,0.0,-30.1561,-18.6618,8.6428,31.1291,11.0635,17.3456,-49.7858,29.9079,22.9561,25.4554,15.6923],"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":[11.7338,-24.0218,-10.1156,-37.4651,-46.9563,-31.6676,-16.7926,0.0,53.1104,48.4295,30.9653,77.3006,5.6152,0.6484,49.264,75.2806,84.0454,33.0057,55.4096,6.6505,-18.3147,19.8745,61.823,53.8007,22.4797,64.8201,0.0119,-17.4939,-48.1789,-23.7398,-25.8939,0.0,41.9734,60.574,-36.8757,-18.6674,-51.3484,-6.3789,-53.3762,-24.6292,0.0,-21.6303,-17.0334,3.2779,34.0281,2.1584,12.188,-48.3668,31.7566,20.1702,21.0698,9.8069],"force":[46.8513,-1.1732,-4.7386,-20.7893,-29.9632,-13.3553,-3.1615,0.0,92.099,59.603,28.4128,78.5646,16.2605,25.5711,38.6248,81.5863,76.3896,14.0132,24.6177,12.0991,-60.1085,2.1012,73.22,58.8296,7.0488,57.6514,33.7242,-56.9203,-71.2344,-20.7382,-21.9502,0.0,62.9476,62.6887,-75.0311,-18.86,-71.5299,-7.6082,-57.054,-13.9008,0.0,-13.7707,-4.3817,19.2936,29.7929,1.8605,10.1957,-76.9518,69.8212,28.1955,20.2702,1.8423],"direction":[15.9834,-18.1843,-19.1229,-15.4379,-34.0505,-33.3643,-29.0624,0.0,47.4404,55.4285,58.9757,68.0992,64.3481,50.1117,55.3177,63.0058,72.7505,72.6804,71.6823,65.6456,-16.104,13.8827,51.7027,63.3022,63.6046,66.5965,50.1122,-2.2565,-38.2993,-42.6223,-43.9123,0.0,36.2136,50.6011,-11.4332,-10.787,-51.0024,-46.4638,-56.3934,-56.7296,0.0,-51.6038,-36.9823,7.1664,28.7702,27.8144,28.347,-32.0033,0.7146,22.3976,34.1712,34.9431],"intensity":[46.1538,63.4615,1.9231,19.2308,23.0769,3.8462,5.7692,9.6154,82.6923,57.6923,71.1538,75.0,63.4615,61.5385,26.9231,75.0,73.0769,67.3077,11.5385,28.8462,63.4615,42.3077,88.4615,88.4615,32.6923,51.9231,46.1538,61.5385,84.6154,38.4615,13.4615,46.1538,78.8462,69.2308,92.3077,88.4615,78.8462,50.0,63.4615,51.9231,34.6154,40.3846,9.6154,82.6923,44.2308,5.7692,1.9231,84.6154,63.4615,80.7692,48.0769,42.3077],"confirmation":[30.6206,49.9605,48.9576,75.8605,79.8368,76.3613,50.5618,3.1459,88.5493,85.4358,80.6244,91.8895,9.1972,8.142,83.2754,91.4531,92.8731,80.7679,84.1824,9.0022,32.7496,49.1582,87.9195,86.7661,55.2675,88.1673,8.9438,53.5115,84.8227,77.2907,77.7874,28.016,83.0544,86.5455,35.8229,73.1535,86.5473,29.1148,85.7945,78.161,7.9029,77.2805,51.5624,25.8387,77.8764,26.0622,73.4113,84.781,56.2445,75.5481,76.0545,58.3032],"persistence":[37.5,50.0,50.0,75.0,75.0,75.0,75.0,62.5,62.5,37.5,12.5,12.5,37.5,62.5,87.5,100.0,100.0,100.0,100.0,100.0,75.0,75.0,75.0,75.0,75.0,75.0,75.0,50.0,50.0,25.0,0.0,12.5,12.5,12.5,37.5,37.5,37.5,37.5,37.5,50.0,62.5,87.5,87.5,62.5,37.5,12.5,12.5,12.5,25.0,50.0,75.0,75.0],"assessmentRisk":[23.8475,18.4355,0.8041,33.4166,4.5954,13.235,18.3613,1.3829,17.0098,23.1307,29.9217,12.801,39.5368,38.4876,21.8105,8.7465,10.854,28.9221,23.2809,36.5412,35.0719,51.0111,1.3893,19.143,33.4121,18.166,38.0597,29.5087,24.2682,35.1778,34.2653,41.9627,25.1129,21.0813,56.1143,14.3799,21.2193,41.4238,21.7836,32.5351,16.5813,30.09,3.0465,35.8674,27.7352,42.7541,39.9739,9.5959,38.041,8.958,24.6298,41.5551],"volumeParticipation":true,"latest":{"consensus":15.7,"control":9.8,"force":1.8,"direction":34.9,"confirmation":58.3,"persistence":75.0,"assessmentRisk":41.6,"intensity":42.3,"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":"Control support is limited","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+15.7","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+9.8","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+1.8","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+34.9","detail":"Upward 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