{"schema_version":"1.0","name":"M2PT34 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"797730dd-c691-4d70-9f38-e7ff16a30075","symbol":"M2PT34","name":"Medical Properties Trust, Inc.","exchange":"SAO","country":"BR","asset_type":"equity","currency":"BRL","sector":"Real Estate","industry":"Reit - Healthcare Facilities"},"summary":"Price structure and the underlying tape currently reinforce the same downside read.","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 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-4.3,"sample":14},{"week":2,"averageReturn":-4.3,"sample":14},{"week":3,"averageReturn":-3.8,"sample":14},{"week":4,"averageReturn":-2.7,"sample":14},{"week":5,"averageReturn":-4.6,"sample":14},{"week":6,"averageReturn":-5.1,"sample":14},{"week":7,"averageReturn":-6.2,"sample":14},{"week":8,"averageReturn":-6.7,"sample":14},{"week":9,"averageReturn":-7.7,"sample":14},{"week":10,"averageReturn":-8.8,"sample":14},{"week":11,"averageReturn":-7.8,"sample":14},{"week":12,"averageReturn":-9.1,"sample":14},{"week":13,"averageReturn":-9.3,"sample":14},{"week":14,"averageReturn":-11.9,"sample":14},{"week":15,"averageReturn":-10.3,"sample":14},{"week":16,"averageReturn":-7.3,"sample":14},{"week":17,"averageReturn":-10.1,"sample":14},{"week":18,"averageReturn":-10.6,"sample":14},{"week":19,"averageReturn":-10.5,"sample":14},{"week":20,"averageReturn":-7.8,"sample":14},{"week":21,"averageReturn":-9.4,"sample":14},{"week":22,"averageReturn":-8.6,"sample":14},{"week":23,"averageReturn":-4.3,"sample":14},{"week":24,"averageReturn":-4.9,"sample":14},{"week":25,"averageReturn":-8.6,"sample":14},{"week":26,"averageReturn":-10.0,"sample":14}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":34.6,"averageExpectedMove":34.6,"averageWeeksToLargestMove":12.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-24.7,"medianReturn":-24.7,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-34.6,"medianReturn":-34.6,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-37.1,"medianReturn":-37.1,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-16.1,"sample":1},{"week":2,"averageReturn":-14.5,"sample":1},{"week":3,"averageReturn":-13.2,"sample":1},{"week":4,"averageReturn":-24.7,"sample":1},{"week":5,"averageReturn":-23.6,"sample":1},{"week":6,"averageReturn":-21.0,"sample":1},{"week":7,"averageReturn":-22.2,"sample":1},{"week":8,"averageReturn":-25.1,"sample":1},{"week":9,"averageReturn":-27.4,"sample":1},{"week":10,"averageReturn":-28.1,"sample":1},{"week":11,"averageReturn":-34.2,"sample":1},{"week":12,"averageReturn":-34.6,"sample":1},{"week":13,"averageReturn":-35.7,"sample":1},{"week":14,"averageReturn":-39.0,"sample":1},{"week":15,"averageReturn":-38.0,"sample":1},{"week":16,"averageReturn":-38.0,"sample":1},{"week":17,"averageReturn":-39.3,"sample":1},{"week":18,"averageReturn":-41.9,"sample":1},{"week":19,"averageReturn":-41.7,"sample":1},{"week":20,"averageReturn":-38.9,"sample":1},{"week":21,"averageReturn":-43.4,"sample":1},{"week":22,"averageReturn":-43.3,"sample":1},{"week":23,"averageReturn":-44.4,"sample":1},{"week":24,"averageReturn":-40.2,"sample":1},{"week":25,"averageReturn":-38.6,"sample":1},{"week":26,"averageReturn":-37.1,"sample":1}]},"currentApplication":{"status":"Evidence aligned downward","tone":"negative","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"The downside state remains confirmed until Market Dynamics repairs or price structure changes.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price is between the accumulation and distribution zones. The Market Dynamics bars describe whether the current move is gaining or losing underlying support.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":73.3,"averageReturn":-0.8,"sample":15},"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 structure is downward","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":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 73.3% of comparable cases moved lower after 12 weeks, with an average move of -0.8% across 15 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 1 cases. Distinct visits lasted 5.0 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 unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 15.6% across 16 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":[],"distribution_rollovers":[],"price_pressure_gaps":[{"date":"2025-03-07","price":19.070345}]}},"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":[11.4244,11.4336,12.3138,16.5053,14.8659,15.0429,14.4747,15.816,13.18,12.3138,12.4535,13.2266,11.7921,11.7456,12.1088,11.5407,11.2736,11.0942,10.9809,12.0006,10.9809,11.7363,13.0298,12.8976,13.1242,13.2281,13.2092,16.2212,19.0703,16.008,16.3133,16.5613,14.3672,14.577,15.0731,14.8442,14.2908,13.8425,13.7089,12.5546,12.4782,12.2588,11.6292,11.8256,11.8256,11.5744,11.0817,11.1106,11.6517,10.8015,10.8208,10.5986,11.4005,11.7,11.9995,13.3936,12.8848,12.8163,14.3719,13.6675,13.7066,13.6675,13.511,13.3349,12.9924,13.873,15.1644,14.7045,13.598,14.1126,13.697,13.6574,14.3007,13.8157,13.3704,13.1725,13.8553,14.1028,14.4293,15.8347,14.2512,12.89,12.19,11.99,11.87,12.25,12.791,12.7219,12.1494,12.5343,12.5541,12.7317,12.5936,12.6725,12.5936,11.75,11.65,11.9,11.57,12.16,12.31,11.71,11.86,10.85],"consensus":[-38.8266,-13.9324,28.324,74.1958,0.0,28.5267,12.4177,38.5479,-41.2567,-39.6163,-18.6513,11.5056,-51.3743,-10.6785,0.0,-45.7202,-31.2004,-30.9908,-27.085,20.9348,-38.9515,21.2295,44.9614,13.0909,32.1546,28.6393,0.0,70.7601,77.091,0.0,45.5142,27.1677,-46.1809,0.0,0.0,-8.7332,-18.3564,-31.4287,-26.5999,-55.4534,-35.6838,-34.6605,-55.8171,-27.5739,-25.7472,-30.9252,-49.3568,-26.8501,0.0,-58.8581,-26.8461,-33.1058,16.6043,21.0536,31.7538,69.261,0.0,17.2618,67.6463,0.0,19.4552,33.8989,0.0,0.0,-17.2749,46.0226,69.3761,14.3589,-24.1127,27.2126,-26.7011,-14.8669,31.4197,-18.9314,-30.4477,-19.4095,28.0803,16.7566,20.7749,61.013,-23.4793,-44.5358,-53.4245,-42.0358,-43.0963,0.0,17.7297,-8.3703,-22.073,0.0,0.0,0.0,-8.9972,12.6012,0.0,-30.6472,-16.174,-26.1431,-33.9496,25.2857,15.2734,-35.5983,0.0,-56.9658],"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":[19.9591,20.4155,32.1689,65.599,0.0,7.9882,60.1035,0.0,10.3075,36.1718,0.0,0.0,-15.6523,51.1693,67.103,6.4145,-33.2785,27.8579,-28.9086,-12.041,31.5683,-21.2617,-37.0959,-17.2539,38.0483,16.734,13.9517,69.364,-34.0791,-46.1926,-57.1959,-43.5075,-45.1862,0.0,18.0972,-12.7526,-26.8823,0.0,0.0,0.0,-17.0246,20.9493,0.0,-28.3159,-6.4188,-30.9059,-31.3101,25.5438,14.4156,-44.6648,0.0,-50.2227],"force":[56.3409,32.4296,38.7653,94.7748,0.0,0.1731,88.7672,0.0,0.371,19.1114,0.0,0.0,-29.5908,62.234,88.7582,23.6902,-61.2451,36.6614,-38.4122,-18.1818,34.7347,-36.1908,-37.4618,-14.6572,56.9127,19.0958,19.5835,57.8178,-53.8526,-50.9626,-50.5869,-22.5124,-23.7739,0.0,46.2305,-12.1076,-23.4147,0.0,0.0,0.0,-10.4195,17.5951,0.0,-23.5616,-0.4827,-12.4288,-29.8924,55.1783,18.2381,-40.8661,0.0,-77.4869],"direction":[15.613,13.6571,26.2711,55.2221,0.0,40.0662,61.1802,0.0,44.0713,41.8637,0.0,0.0,-10.3321,28.561,58.1296,50.6161,-12.8858,19.7259,-15.8134,-15.7288,28.8822,-3.9401,-17.8398,-25.2675,3.9063,15.1116,29.4237,53.7514,-10.33,-38.0517,-51.1412,-54.2992,-54.5097,0.0,3.048,-0.6926,-15.6184,0.0,0.0,0.0,-1.1928,0.5067,0.0,-38.3727,-39.2204,-30.4959,-39.8641,3.6389,14.136,-21.4739,0.0,-50.0143],"intensity":[55.7692,38.4615,7.6923,78.8462,44.2308,7.6923,84.6154,71.1538,11.5385,30.7692,30.7692,5.7692,17.3077,71.1538,90.3846,30.7692,78.8462,51.9231,23.0769,5.7692,51.9231,71.1538,92.3077,42.3077,57.6923,67.3077,92.3077,86.5385,90.3846,82.6923,100.0,25.0,11.5385,23.0769,42.3077,100.0,90.3846,94.2308,1.9231,28.8462,5.7692,34.6154,7.6923,67.3077,28.8462,46.1538,32.6923,46.1538,65.3846,48.0769,15.3846,76.9231],"confirmation":[32.4707,75.0936,78.3686,90.9969,9.6338,27.8109,90.4054,34.4167,51.1733,78.3623,48.4906,24.8806,73.928,83.1429,90.8257,8.6102,34.1237,76.9861,76.8676,72.9015,78.1531,51.8819,77.8557,74.0991,55.8792,73.4337,74.7156,87.2995,33.1479,82.4221,84.9519,80.834,81.1701,6.7194,52.5201,48.059,75.031,25.9682,24.3435,25.017,48.3879,49.4988,1.1648,77.6267,27.5863,75.8753,78.7804,54.3318,72.9909,79.4138,24.7932,94.9572],"persistence":[62.5,37.5,12.5,12.5,12.5,37.5,62.5,75.0,75.0,75.0,62.5,50.0,37.5,37.5,37.5,50.0,25.0,25.0,12.5,0.0,25.0,0.0,25.0,50.0,25.0,25.0,0.0,25.0,0.0,0.0,0.0,0.0,25.0,37.5,37.5,62.5,62.5,50.0,37.5,25.0,25.0,12.5,25.0,25.0,25.0,37.5,50.0,37.5,12.5,37.5,37.5,37.5],"assessmentRisk":[34.5961,37.7848,33.5994,15.3656,47.1247,39.3268,16.0757,22.1228,31.3694,24.9189,47.3196,24.2378,31.0306,8.079,14.2519,40.2454,45.5904,2.0402,34.672,39.3171,25.1317,12.5311,8.2726,22.2414,43.2442,12.1312,36.3878,19.4689,35.4709,23.1823,22.9291,28.976,28.2078,30.5043,23.2178,40.8346,27.9344,15.1885,12.9011,1.6046,35.0797,7.3147,7.7041,34.2172,41.3676,35.4407,32.6818,27.6659,39.591,5.6099,33.9204,21.2617],"volumeParticipation":true,"latest":{"consensus":-57.0,"control":-50.2,"force":-77.5,"direction":-50.0,"confirmation":95.0,"persistence":37.5,"assessmentRisk":21.3,"intensity":76.9,"evidenceDepth":100},"analysis":{"status":"Joint downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-57.0","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-50.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-77.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction 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