{"schema_version":"1.0","name":"MNDI Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"6844d3e5-f696-4e60-ad2c-0db7244d064e","symbol":"MNDI","name":"Mondi plc","exchange":"LSE","country":"GB","asset_type":"equity","currency":"GBP","sector":"Basic Materials","industry":"Paper & Paper Products"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","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, Acceleration, deceleration and rollover, Drawdown and recovery pressure, Strength versus the research benchmark, Range position and boundary pressure, 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":260,"displayedObservations":104,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Market Dynamics is improving before price has fully responded","summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","take":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger 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evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Underlying strength ahead of price","tone":"caution","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":25.0,"averageReturn":-5.7,"sample":20},"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, 25.0% of comparable cases moved higher after 12 weeks, with an average move of -5.7% across 20 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 2 cases. Distinct visits lasted 6.0 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 7.2% across 20 completed cases, with the largest move arriving after 5.2 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":"2026-07-31","price":892.2}],"distribution_rollovers":[],"price_pressure_gaps":[]}},"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":[1457.1531,1471.1449,1415.1775,1416.6766,1398.1874,1430.6685,1409.6807,1466.6476,1282.2548,1271.2611,1252.772,1202.8009,1165.8224,1194.8057,1189.8085,1192.7069,1200.3022,1145.3344,1160.8253,1174.8173,1158.3268,1199.8027,1228.286,1261.7666,1260.2676,1325.2297,1238.2803,1226.7871,1272.7603,1252.2721,1208.7974,1173.8177,1039.7528,1078.2437,1107.7366,1143.2281,1143.728,1157.2247,1203.7137,1182.7188,1205.2134,1224.7087,1172.2212,1198.7148,1211.2119,1198.7148,1195.2158,1134.2303,1193.7161,1038.2531,1078.7435,1070.7454,1073.4463,1041.4479,1011.9493,992.1503,994.5502,1017.449,1046.9476,824.1588,825.3587,851.1574,850.1575,818.959,838.958,832.7583,867.9565,872.5563,876.5561,892.9553,891.9553,918.754,917.754,895.9551,874.1562,853.9572,888.3555,954.5522,926.3536,887.1556,847.9575,818.559,802.7598,841.6,847.4,860.6,866.6,748.2,775.2,781.4,751.0,737.6,754.2,748.8,719.6,720.6,711.6,710.4,705.8,752.0,729.4,892.2,921.6,882.0],"consensus":[-23.5112,0.0,-46.4834,-25.0902,-38.7865,0.0,-23.5795,37.0431,-68.7808,-37.6764,-48.867,-67.1169,-62.7228,-13.7384,-43.1711,-28.1439,-16.7329,-60.2235,-14.7932,-17.0739,-35.2948,24.9658,31.3193,48.305,23.1407,60.1803,-30.5341,-11.5375,34.4021,-13.5737,-37.9419,-43.8007,-73.6216,-9.8799,-19.5153,0.0,0.0,18.3082,34.4371,0.0,26.32,38.732,-28.3938,21.7678,24.8995,-9.2765,0.0,-47.9261,30.1219,-67.6376,0.0,-29.7207,-19.572,-44.2946,-53.4347,-54.1345,-40.4229,0.0,16.6864,-83.57,-42.1277,-11.8715,-41.5496,-52.7305,-12.6287,-28.0568,14.439,0.0,0.0,20.4337,0.0,36.0549,18.3153,-9.9438,-23.4026,-39.0078,18.819,56.8946,0.0,-18.9667,-34.6713,-48.6251,-46.8205,0.0,0.0,11.345,18.1018,-66.54,0.0,-26.6472,-53.4147,-33.2596,-15.3019,-30.7173,-38.6848,-35.8595,-29.5398,-18.4231,-25.3906,33.3098,-20.4832,71.4596,60.6364,10.8272],"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":[-9.0842,-59.3704,-56.9691,-58.2259,-43.5816,0.0,14.4616,-88.2899,-39.3996,-1.1139,-39.037,-55.3554,-17.2833,-27.336,7.7291,0.0,0.0,15.2556,0.0,37.4592,11.5569,-13.8725,-23.9221,-39.9839,25.6025,54.6138,0.0,-29.4646,-33.6886,-51.167,-48.9724,0.0,0.0,5.6819,13.3079,-67.5322,0.0,-23.5501,-58.4399,-38.0171,-15.476,-33.6893,-42.9602,-47.1699,-26.0257,-9.5869,-28.7852,31.9266,-26.9118,61.1391,59.7978,4.8761],"force":[-0.9541,-36.7759,-48.6281,-45.0989,-15.8844,0.0,45.3928,-99.0845,-10.9015,-44.5382,-15.5941,-58.2164,-25.5223,-8.176,69.2537,0.0,0.0,34.358,0.0,37.0502,10.564,-24.6353,-33.8175,-44.4381,43.3804,68.5855,0.0,-40.5657,-40.9943,-47.1311,-39.6477,0.0,0.0,18.6732,22.1161,-82.5906,0.0,-8.5455,-47.935,-19.7343,-11.2408,-16.694,-24.5418,-15.3119,-12.1412,-2.8618,-6.273,61.6158,-33.8423,97.3118,50.1389,37.675],"direction":[-46.2196,-32.4358,-52.8285,-55.9126,-54.3404,0.0,1.2756,-67.094,-67.55,-64.4585,-62.9608,-45.812,-34.56,-43.0812,17.0458,0.0,0.0,16.4054,0.0,33.7391,31.5757,-5.0401,-15.3697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Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Control support is limited","controlPath":"Control support is easing","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+10.8","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+4.9","detail":"Control support is limited","tone":"positive"},{"label":"SM Force Gauge","value":"+37.7","detail":"Upward 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leadership","title":"Strength versus the research benchmark","description":"Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.","reason":"Selected because benchmark-relative leadership is strengthening, fading or diverging from price.","series":[{"label":"Relative 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