{"schema_version":"1.0","name":"E28 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"6c8dd119-1b01-469c-a9c3-52d3fe3c6b34","symbol":"E28","name":"Frencken Group Limited","exchange":"SES","country":"SG","asset_type":"equity","currency":"SGD","sector":"Technology","industry":"Scientific & Technical Instruments"},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.1,"sample":15},{"week":2,"averageReturn":2.0,"sample":15},{"week":3,"averageReturn":1.7,"sample":15},{"week":4,"averageReturn":4.8,"sample":15},{"week":5,"averageReturn":4.1,"sample":15},{"week":6,"averageReturn":3.9,"sample":15},{"week":7,"averageReturn":5.8,"sample":15},{"week":8,"averageReturn":3.9,"sample":14},{"week":9,"averageReturn":6.2,"sample":14},{"week":10,"averageReturn":4.5,"sample":14},{"week":11,"averageReturn":4.9,"sample":13},{"week":12,"averageReturn":4.3,"sample":13},{"week":13,"averageReturn":3.3,"sample":13},{"week":14,"averageReturn":5.2,"sample":13},{"week":15,"averageReturn":3.0,"sample":13},{"week":16,"averageReturn":3.1,"sample":13},{"week":17,"averageReturn":6.4,"sample":13},{"week":18,"averageReturn":6.0,"sample":13},{"week":19,"averageReturn":8.0,"sample":13},{"week":20,"averageReturn":9.8,"sample":13},{"week":21,"averageReturn":8.7,"sample":12},{"week":22,"averageReturn":7.5,"sample":12},{"week":23,"averageReturn":8.5,"sample":12},{"week":24,"averageReturn":7.8,"sample":12},{"week":25,"averageReturn":9.3,"sample":12},{"week":26,"averageReturn":8.6,"sample":12}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":0,"activeEpisodes":1,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-16.0,"medianReturn":-16.0,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-5.1,"sample":1},{"week":2,"averageReturn":-6.1,"sample":1},{"week":3,"averageReturn":-11.8,"sample":1},{"week":4,"averageReturn":-16.0,"sample":1},{"week":5,"averageReturn":-14.1,"sample":1},{"week":6,"averageReturn":-21.1,"sample":1},{"week":7,"averageReturn":-17.9,"sample":1},{"week":8,"averageReturn":-16.0,"sample":1},{"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 support lags price","tone":"caution","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":57.1,"averageReturn":0.9,"sample":21},"nowContext":{"label":"Slightly 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 is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"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":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"In this ticker's completed record, 57.1% of comparable cases moved lower after 12 weeks, with an average move of 0.9% 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, 20.0% of completed 12-week outcomes were higher across 5 cases. Distinct visits lasted 15.4 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 unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 13.2% across 21 completed cases, with the largest move arriving after 7.4 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":[{"date":"2025-07-18","price":1.435394}],"distribution_rollovers":[{"date":"2026-06-12","price":2.83},{"date":"2026-07-10","price":2.76}],"price_pressure_gaps":[{"date":"2026-06-19","price":3.13}]}},"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":[1.3212,1.2344,1.1379,1.2054,1.2826,1.3115,1.3019,1.2344,1.1958,1.1476,1.1186,1.1669,1.1379,1.1765,1.1379,1.1379,1.1283,1.0511,1.0897,1.1379,1.0801,1.0801,1.0897,1.0897,1.0801,1.0608,1.0511,1.0029,1.0222,1.0318,1.0511,1.0222,0.9451,0.9017,0.921,1.0126,0.9998,1.0295,1.1483,1.1186,1.1384,1.1681,1.1582,1.1384,1.2473,1.2473,1.2968,1.4354,1.6532,1.6334,1.6136,1.4651,1.3958,1.4156,1.4057,1.4057,1.4651,1.3859,1.5047,1.5047,1.3958,1.5542,1.6334,1.5938,1.5245,1.4057,1.3958,1.376,1.3661,1.3463,1.3661,1.4057,1.4156,1.574,1.5443,1.6532,1.6532,1.8512,1.871,2.1382,1.9898,1.97,2.059,2.0887,2.0096,2.356,2.5045,2.6332,2.68,2.93,3.18,2.96,3.29,2.92,2.83,3.13,2.97,2.94,2.76,2.63,2.69,2.47,2.57,2.63],"consensus":[-21.9725,-43.6277,-61.4803,0.0,11.3496,16.2453,0.0,-32.9717,-34.7326,-52.5085,-51.4457,-8.2425,-35.8884,0.0,-29.372,-25.9032,-30.1951,-60.0787,0.0,17.6815,-43.8375,-10.9911,0.0,-8.0339,-9.6933,-29.484,-32.5919,-60.9794,-18.2675,0.0,0.0,-24.1759,-63.1754,-49.0735,-28.8616,33.9112,0.0,30.1042,69.3046,14.2296,43.3242,50.8229,13.4359,0.0,68.5352,32.7871,62.5598,78.4461,86.9169,29.3864,34.5068,-12.4035,-29.1033,0.0,0.0,0.0,42.2331,-34.0803,55.1014,21.9491,-39.3729,58.5528,55.1393,12.9393,-8.8063,-50.6207,-34.9757,-34.7766,-35.594,-25.8645,-18.3901,16.6041,0.0,64.5343,20.2639,69.3068,32.4284,78.2578,45.1302,85.634,17.0595,33.538,62.4925,31.9336,0.0,77.1922,70.8382,66.4826,43.8822,73.0844,67.6891,13.9654,71.9585,0.0,-8.0172,44.8162,-14.4244,13.2474,-25.3198,-42.0259,-12.3353,-52.1986,-8.3187,-3.9317],"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":[-24.2869,0.0,0.0,0.0,37.6748,-34.0433,53.8694,18.0507,-38.7519,58.5542,59.2149,7.989,-23.0105,-48.8231,-33.7815,-31.1778,-33.8583,-20.6085,-18.8527,23.8836,0.0,59.8413,17.7585,67.9042,26.0427,79.4668,40.915,87.8841,13.3993,32.3768,61.1128,34.6891,0.0,75.6171,72.2714,68.6508,37.0827,75.7525,61.5578,4.8528,79.5686,0.0,-5.498,51.4009,-14.8556,16.1043,-32.0916,-37.4598,-4.3196,-44.5032,-0.4456,-3.0922],"force":[-69.1993,0.0,0.0,0.0,62.5874,-66.6425,79.3325,7.4619,-64.9393,77.6629,54.5664,18.8323,-35.802,-69.128,-24.5844,-22.9782,-22.0496,-11.4559,-0.3638,35.1454,0.0,93.1933,8.9428,89.0894,10.8275,93.6203,20.4971,97.5487,47.1698,2.8106,65.0004,22.5769,0.0,95.5628,71.4084,57.4585,17.5648,69.3346,69.5716,37.4684,65.0126,0.0,-29.2375,31.9827,-43.302,1.2257,-33.4034,-51.1974,-0.3806,-64.9674,-16.6367,-10.1296],"direction":[-5.9678,0.0,0.0,0.0,32.9038,-10.864,39.2016,36.7526,-21.8209,44.9011,50.8909,41.2907,-26.7097,-39.4556,-43.7628,-47.317,-47.2521,-42.1631,-31.2569,4.959,0.0,49.427,43.9893,56.7794,55.1555,65.9028,67.5427,74.552,67.1206,56.8131,62.2779,35.4678,0.0,65.8704,68.793,70.4505,70.4511,72.7134,73.3516,61.1183,68.2225,0.0,-4.261,46.4575,-6.6952,18.5692,-11.8065,-40.6932,-30.5787,-51.8729,-35.1417,-14.9349],"intensity":[88.4615,63.4615,19.2308,21.1538,73.0769,76.9231,88.4615,73.0769,86.5385,94.2308,92.3077,44.2308,61.5385,86.5385,80.7692,25.0,3.8462,55.7692,55.7692,38.4615,38.4615,96.1538,53.8462,78.8462,53.8462,98.0769,90.3846,100.0,82.6923,55.7692,53.8462,84.6154,69.2308,100.0,98.0769,73.0769,90.3846,96.1538,100.0,98.0769,98.0769,96.1538,42.3077,90.3846,75.0,65.3846,78.8462,53.8462,25.0,86.5385,51.9231,50.0],"confirmation":[55.9418,24.8577,48.4055,24.3205,82.2044,79.8986,86.3897,51.9749,81.388,87.3193,85.565,7.2653,31.789,84.79,78.8937,78.8238,79.0037,75.9176,50.7172,52.1587,24.7664,89.5959,30.207,90.8025,77.8161,93.4923,81.7552,95.7317,36.2869,55.1467,88.0951,77.8916,8.1365,93.2854,90.6638,88.9664,81.3438,91.2321,89.8113,11.0335,90.6991,6.8445,26.8263,81.8497,52.251,49.1626,76.2455,81.7974,26.4297,85.21,5.5706,3.0034],"persistence":[50.0,37.5,25.0,12.5,12.5,12.5,12.5,12.5,12.5,25.0,37.5,50.0,25.0,25.0,0.0,25.0,25.0,50.0,75.0,75.0,62.5,37.5,12.5,12.5,37.5,62.5,87.5,87.5,100.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,100.0,87.5,62.5,62.5,37.5,37.5,12.5,12.5,37.5,50.0,50.0,62.5],"assessmentRisk":[35.1289,51.9804,46.0793,29.5881,11.3257,1.1316,11.4976,28.1336,12.048,19.0701,17.7463,32.3601,50.8863,22.0498,32.2051,32.1116,30.1164,18.4953,8.9665,11.4251,27.1215,17.4588,39.4368,15.2725,33.6968,10.7617,27.426,7.1804,41.3019,23.6459,16.0851,38.0479,8.4132,11.071,14.4452,16.7319,28.0549,13.4339,16.1484,41.1686,13.9422,6.3725,42.8071,10.6041,37.3791,2.1221,3.0246,28.0056,36.9801,22.4676,31.5943,1.9659],"volumeParticipation":true,"latest":{"consensus":-3.9,"control":-3.1,"force":-10.1,"direction":-14.9,"confirmation":3.0,"persistence":62.5,"assessmentRisk":2.0,"intensity":50.0,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","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":"Downward follow-through","persistenceState":"Developing","confirmationState":"Limited support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-3.9","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-3.1","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-10.1","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-14.9","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"3/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"53.3","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"10.3%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"35.6","detail":"Directional","tone":"positive"},{"label":"Range position","value":"47%","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 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