{"schema_version":"1.0","name":"BON Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"73e8e8dc-8ba0-43e6-a257-8707006b7d02","symbol":"BON","name":"Bonduelle SCA","exchange":"PAR","country":"FR","asset_type":"equity","currency":"EUR","sector":"Consumer Defensive","industry":"Packaged Foods"},"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, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Strength versus the research benchmark, Range pressure and compression, Activity pressure and cumulative balance."},{"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. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":20,"completedEpisodes":20,"activeEpisodes":0,"medianExpectedMove":5.8,"averageExpectedMove":8.6,"averageWeeksToLargestMove":5.1,"horizons":[{"weeks":4,"sample":20,"expectedCount":11,"expectedPercent":55.0,"averageReturn":-0.6,"medianReturn":1.2,"confidenceLow":34.2,"confidenceHigh":74.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":20,"expectedCount":5,"expectedPercent":25.0,"averageReturn":-4.8,"medianReturn":-4.6,"confidenceLow":11.2,"confidenceHigh":46.9,"confidence":"Historically adverse"},{"weeks":26,"sample":19,"expectedCount":7,"expectedPercent":36.8,"averageReturn":-4.6,"medianReturn":-7.6,"confidenceLow":19.1,"confidenceHigh":59.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.3,"sample":20},{"week":2,"averageReturn":-1.1,"sample":20},{"week":3,"averageReturn":-1.3,"sample":20},{"week":4,"averageReturn":-0.6,"sample":20},{"week":5,"averageReturn":-0.6,"sample":20},{"week":6,"averageReturn":-1.1,"sample":20},{"week":7,"averageReturn":-1.6,"sample":20},{"week":8,"averageReturn":-2.4,"sample":20},{"week":9,"averageReturn":-3.8,"sample":20},{"week":10,"averageReturn":-3.3,"sample":20},{"week":11,"averageReturn":-3.6,"sample":20},{"week":12,"averageReturn":-4.8,"sample":20},{"week":13,"averageReturn":-4.1,"sample":20},{"week":14,"averageReturn":-6.2,"sample":20},{"week":15,"averageReturn":-6.2,"sample":20},{"week":16,"averageReturn":-7.1,"sample":20},{"week":17,"averageReturn":-6.4,"sample":20},{"week":18,"averageReturn":-6.8,"sample":20},{"week":19,"averageReturn":-6.2,"sample":20},{"week":20,"averageReturn":-5.0,"sample":20},{"week":21,"averageReturn":-4.8,"sample":20},{"week":22,"averageReturn":-4.6,"sample":20},{"week":23,"averageReturn":-6.1,"sample":20},{"week":24,"averageReturn":-5.1,"sample":20},{"week":25,"averageReturn":-4.8,"sample":20},{"week":26,"averageReturn":-4.6,"sample":19}]}},"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 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":-4.8,"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 -4.8% 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, 33.3% of completed 12-week outcomes were higher across 3 cases. Distinct visits lasted 10.0 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 8.6% across 20 completed cases, with the largest move arriving after 5.1 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":"2024-09-27","price":6.874315},{"date":"2025-02-21","price":6.784208}],"distribution_rollovers":[{"date":"2026-02-20","price":10.12}],"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":[6.5334,6.3441,6.202,6.4009,6.2967,6.8743,6.4388,6.3441,6.4482,6.3251,6.2683,6.1831,6.2304,6.1547,5.899,6.0789,6.0221,5.9653,6.1073,6.3251,6.4328,6.1692,6.1302,5.9545,5.935,6.1985,6.7842,6.7256,6.9306,7.3016,7.7213,7.5554,7.2235,7.5846,7.3504,7.6042,8.1508,7.5261,7.8189,7.8677,8.0532,8.0239,7.9068,8.0727,8.2777,8.4827,7.9165,8.1996,7.9946,7.7213,8.3168,8.0434,8.0922,7.7408,7.4577,7.243,7.3016,7.6432,8.3265,8.6486,9.0196,8.6877,8.6779,8.2972,8.7267,9.1367,9.7126,9.9762,9.8786,9.9567,9.9567,10.2886,9.87,9.93,10.24,10.56,11.06,11.12,10.12,8.92,8.46,8.06,8.16,8.19,8.54,8.91,8.7,8.7,8.65,8.2,8.13,8.13,8.11,8.28,8.01,8.04,7.71,7.85,8.06,8.6,8.54,9.14,8.61,8.91],"consensus":[0.0,-27.2915,-30.9607,14.342,-16.5141,56.8024,-18.8656,-11.1265,16.6989,-20.1524,-20.8533,-18.7956,0.0,-16.7998,-45.6551,10.4557,-21.1945,-19.061,18.9845,29.1617,34.4014,-14.4524,-14.734,-37.2203,-28.1613,26.9822,66.9965,24.571,53.3302,62.3539,72.3263,22.1176,0.0,54.0129,-11.5033,41.0019,68.7417,-24.5723,42.5998,23.6121,28.1438,20.1597,0.0,23.9996,35.9427,37.5733,-26.8393,28.0689,-19.6829,-39.0916,45.8909,-21.7163,11.6484,-35.4735,-51.2293,-53.8683,-26.2035,10.2807,63.3011,56.4647,66.6924,8.2338,26.7755,-30.9389,36.4817,59.6279,72.4447,68.007,24.6998,41.8699,29.8545,59.0914,-8.1557,15.6388,48.2868,51.4354,71.2901,38.1769,-38.5729,-70.2816,-68.585,-67.4235,-39.9121,-38.4755,0.0,23.068,-18.4448,0.0,-11.1719,-54.7233,-34.1722,-29.2659,-33.4327,0.0,-31.6111,0.0,-42.5998,-10.0167,0.0,53.0984,16.681,70.9184,-13.6397,44.3283],"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":[15.2588,-43.367,-55.5435,-58.8113,-18.7756,16.4917,61.8831,51.6884,72.5873,1.0676,26.5045,-30.4257,48.1365,60.7745,72.4268,72.5734,14.0768,36.5061,28.6768,65.2538,-8.6402,15.2507,49.0155,56.568,76.8407,33.5534,-39.6566,-63.7578,-64.4783,-66.2421,-36.5901,-34.6937,0.0,23.4536,-27.2085,0.0,-12.4558,-49.1196,-31.3028,-25.0615,-33.0087,0.0,-35.9458,0.0,-45.6106,-4.244,0.0,50.8839,8.5587,73.1341,-22.5527,44.8383],"force":[11.0189,-49.0463,-47.8293,-44.4624,-3.4592,35.976,93.6025,70.2147,68.1425,35.1117,7.8383,-65.6979,47.2978,71.8749,86.7085,63.8035,11.5756,23.7733,3.9451,54.952,-59.3555,1.2894,54.7287,49.5885,75.4709,13.1909,-88.4372,-98.4079,-80.5489,-66.3482,-5.3297,-8.8504,0.0,53.4613,-16.6638,0.0,-0.1324,-68.2536,-16.4396,-9.4138,-15.5965,0.0,-20.1814,0.0,-27.7129,-14.3057,0.0,75.9937,0.4684,83.9579,-63.4035,48.5045],"direction":[7.9719,-16.7574,-48.7272,-54.9375,-50.9386,15.1714,43.2778,52.1018,58.9195,49.825,40.6119,-6.6975,15.4361,49.5695,62.2768,65.7909,62.7512,60.9261,49.7072,55.0054,-28.9691,26.3319,42.8527,46.8887,61.9603,61.3079,-1.7171,-57.6472,-64.7326,-69.5417,-68.4103,-63.9583,0.0,0.9178,-9.7013,0.0,-17.59,-51.463,-50.1178,-48.2511,-46.6573,0.0,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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":"Buyer control supports the view","controlPath":"Broadly stable","forceState":"Upward commitment","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"+44.3","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+44.8","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+48.5","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+40.8","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"82/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"54.6","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"5.4%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"18.6","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"37%","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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