{"schema_version":"1.0","name":"UPR Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"7223dd86-b366-4c32-9750-c9636980fa09","symbol":"UPR","name":"Uniphar plc","exchange":"ISE","country":"IE","asset_type":"equity","currency":"EUR","sector":"Healthcare","industry":"Medical Distribution"},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","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, Strength versus the research benchmark, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, Directional strength and control, Range pressure and compression."},{"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 weakened this week and remains below zero. 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.9,"sample":14},{"week":2,"averageReturn":-0.7,"sample":14},{"week":3,"averageReturn":-0.5,"sample":14},{"week":4,"averageReturn":-0.3,"sample":14},{"week":5,"averageReturn":0.1,"sample":14},{"week":6,"averageReturn":-0.9,"sample":14},{"week":7,"averageReturn":1.0,"sample":13},{"week":8,"averageReturn":2.0,"sample":13},{"week":9,"averageReturn":0.1,"sample":13},{"week":10,"averageReturn":1.7,"sample":13},{"week":11,"averageReturn":1.7,"sample":13},{"week":12,"averageReturn":3.6,"sample":13},{"week":13,"averageReturn":2.5,"sample":13},{"week":14,"averageReturn":0.1,"sample":13},{"week":15,"averageReturn":-1.1,"sample":13},{"week":16,"averageReturn":-2.7,"sample":13},{"week":17,"averageReturn":-2.7,"sample":13},{"week":18,"averageReturn":-2.3,"sample":13},{"week":19,"averageReturn":-4.4,"sample":13},{"week":20,"averageReturn":-3.0,"sample":13},{"week":21,"averageReturn":-2.4,"sample":13},{"week":22,"averageReturn":-3.0,"sample":12},{"week":23,"averageReturn":-2.0,"sample":12},{"week":24,"averageReturn":-1.3,"sample":12},{"week":25,"averageReturn":-2.0,"sample":12},{"week":26,"averageReturn":-0.7,"sample":12}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"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,"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 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":1.9,"sample":21},"nowContext":{"label":"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 1.9% 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, 66.7% of completed 12-week outcomes were higher across 3 cases. Distinct visits lasted 7.3 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 10.3% across 21 completed cases, with the largest move arriving after 7.0 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":"2025-02-07","price":2.407059}],"distribution_rollovers":[{"date":"2026-06-26","price":4.57},{"date":"2026-07-17","price":4.51}],"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":[2.653,2.5246,2.5789,2.6547,2.5755,2.625,2.4764,2.417,2.5012,2.3575,2.1792,2.2387,2.0604,2.0752,2.1891,2.1594,2.0802,1.9811,2.1148,2.0802,1.9138,2.0207,2.0802,2.3773,2.4071,2.3278,2.3575,2.6547,2.6844,2.6398,2.6547,2.7637,2.5507,2.4962,2.724,2.7862,2.9852,3.2737,3.3633,3.4379,3.5922,3.632,3.7961,3.8807,3.831,3.6369,3.7414,3.6917,3.7563,3.826,3.8608,4.03,3.9006,4.03,3.9205,3.9274,3.7878,3.8177,3.8875,3.7878,3.8277,3.9872,3.8177,3.743,3.7779,3.6533,3.7579,3.6533,3.4489,3.5287,3.4589,3.4689,3.6084,3.5885,3.5785,3.8128,4.0171,3.9473,4.0271,4.0769,4.0171,3.9673,3.8277,3.6632,3.8975,3.9075,4.1666,4.1,4.16,4.295,4.32,4.52,4.56,4.785,4.92,4.655,4.57,4.78,4.61,4.51,4.46,4.25,4.265,4.29],"consensus":[18.9379,-31.4039,0.0,25.5638,-16.9682,21.2941,-42.7422,-42.8645,14.8721,-56.6573,-70.0588,-20.5841,-67.2607,-30.4284,9.2257,-33.7902,-36.0608,-57.4452,0.0,-26.761,-58.2336,13.434,0.0,65.2276,38.1895,0.0,27.5661,67.9953,47.2014,22.4937,37.4655,52.7964,-24.5056,-11.0613,47.7574,38.5299,70.005,74.6653,55.5043,54.3077,65.1161,55.19,73.5154,59.5134,36.928,0.0,29.8921,0.0,25.7716,27.2394,18.5339,52.5134,0.0,48.801,0.0,0.0,-28.5995,0.0,11.7552,-25.7044,8.8949,44.4688,-24.7017,-22.1354,0.0,-38.0748,8.6324,-28.1319,-56.3029,0.0,-37.8385,-24.6116,26.1484,-13.5459,0.0,44.535,58.1697,14.3222,47.8817,36.5832,0.0,0.0,-37.0635,-48.4427,24.3351,0.0,61.2781,19.1476,34.95,52.0746,34.1423,65.9964,37.6757,62.9257,62.6988,0.0,0.0,49.7197,-12.574,-20.1413,-9.3633,-49.2275,-29.4572,-22.355],"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":[0.0,48.5995,0.0,0.0,-28.1804,0.0,16.2638,-20.3589,11.8962,40.4314,-26.4315,-20.9261,0.0,-32.9478,17.3055,-24.9753,-54.2868,0.0,-35.0585,-19.6089,19.1949,-18.3337,0.0,33.3628,63.242,6.3567,48.8463,28.9603,0.0,0.0,-31.0202,-48.195,34.2638,0.0,57.689,13.363,33.4326,52.0703,35.3063,62.0856,31.9061,72.1619,65.5719,0.0,0.0,66.6667,-9.5711,-20.6887,-4.3575,-39.2581,-24.1319,-17.462],"force":[0.0,57.3667,0.0,0.0,-51.1859,0.0,16.6336,-43.8843,16.5268,75.0915,-37.7337,-26.1177,0.0,-39.8056,28.8338,-31.6588,-62.7608,0.0,-26.4402,-7.9146,70.9362,-16.6596,0.0,75.1025,61.775,15.0024,42.9224,33.2141,0.0,0.0,-75.669,-60.3488,45.0577,0.0,87.3824,3.2647,26.9522,52.516,18.4568,83.0626,18.0809,46.1655,51.693,0.0,0.0,42.0138,-37.0562,-35.3366,-10.0523,-68.0814,-20.0069,-13.2332],"direction":[0.0,42.913,0.0,0.0,-12.9452,0.0,3.1179,-18.8278,0.0136,27.2097,-13.4163,-20.673,0.0,-42.6979,15.7093,-29.2202,-53.9941,0.0,-49.1573,-42.2555,2.1041,-5.85,0.0,35.4695,49.7975,44.3719,50.3217,47.7017,0.0,0.0,-16.3948,-40.2214,1.8138,0.0,46.734,41.7675,42.3968,51.7643,44.0158,58.2758,58.2659,64.3416,67.2766,0.0,0.0,35.856,-1.4815,-8.6617,-14.5922,-47.154,-42.2935,-34.4627],"intensity":[53.8462,53.8462,44.2308,1.9231,55.7692,42.3077,21.1538,28.8462,21.1538,75.0,67.3077,23.0769,3.8462,63.4615,38.4615,38.4615,82.6923,57.6923,13.4615,5.7692,55.7692,48.0769,21.1538,100.0,94.2308,26.9231,19.2308,76.9231,9.6154,7.6923,55.7692,61.5385,92.3077,73.0769,96.1538,50.0,26.9231,59.6154,9.6154,88.4615,80.7692,94.2308,61.5385,98.0769,42.3077,84.6154,69.2308,36.5385,98.0769,86.5385,21.1538,7.6923],"confirmation":[6.8299,83.8804,30.0556,25.1837,77.8466,25.1254,49.175,76.8609,48.3666,83.2248,76.2754,75.2231,24.9148,80.3148,29.2638,77.1578,86.2445,8.0002,79.8033,52.7764,55.1717,49.69,0.9988,83.353,86.6469,7.0113,83.1563,79.7201,6.162,4.8264,81.129,83.8683,53.9878,1.1211,88.4592,51.5622,78.9634,84.6774,78.4298,89.6986,79.547,87.4847,87.6844,8.8414,5.0918,83.4172,50.4649,74.9,48.4269,84.4793,77.2194,74.9502],"persistence":[62.5,75.0,62.5,62.5,37.5,25.0,25.0,0.0,12.5,12.5,0.0,12.5,0.0,12.5,12.5,12.5,37.5,50.0,50.0,50.0,37.5,37.5,50.0,25.0,0.0,12.5,37.5,62.5,50.0,62.5,50.0,25.0,25.0,12.5,12.5,12.5,25.0,37.5,62.5,87.5,87.5,100.0,100.0,87.5,75.0,75.0,50.0,25.0,0.0,25.0,50.0,62.5],"assessmentRisk":[41.7578,23.4938,26.967,38.1616,24.3416,45.7849,22.527,31.8477,15.2103,24.1607,15.1026,7.62,19.4571,30.8123,31.0564,21.7035,21.5869,38.7603,30.6432,34.5843,31.1327,30.9566,42.4115,27.4794,20.7721,42.4883,25.9969,30.5081,2.4637,9.8042,28.9696,25.6907,48.2717,23.6267,18.5431,40.1972,30.6472,23.7425,25.1619,16.8324,30.9332,18.4579,18.637,32.7708,1.9937,26.6061,41.8615,27.4298,26.8291,25.2499,34.0702,33.1547],"volumeParticipation":true,"latest":{"consensus":-22.4,"control":-17.5,"force":-13.2,"direction":-34.5,"confirmation":75.0,"persistence":62.5,"assessmentRisk":33.2,"intensity":7.7,"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":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Downward commitment","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-22.4","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-17.5","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-13.2","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-34.5","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"75/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"50.2","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"6.0%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"30.2","detail":"Directional","tone":"positive"},{"label":"Range position","value":"51%","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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