{"schema_version":"1.0","name":"MCLL Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"7ae25345-8098-4c7b-9896-5bf1be300a89","symbol":"MCLL","name":"Michlol Finance Ltd","exchange":"TLV","country":"IL","asset_type":"equity","currency":"ILA","sector":"Financial Services","industry":"Credit Services"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":6,"completedEpisodes":6,"activeEpisodes":0,"medianExpectedMove":14.9,"averageExpectedMove":14.0,"averageWeeksToLargestMove":7.8,"horizons":[{"weeks":4,"sample":6,"expectedCount":6,"expectedPercent":100.0,"averageReturn":-6.6,"medianReturn":-3.9,"confidenceLow":61.0,"confidenceHigh":100.0,"confidence":"Historically consistent"},{"weeks":12,"sample":6,"expectedCount":5,"expectedPercent":83.3,"averageReturn":-5.3,"medianReturn":-4.7,"confidenceLow":43.6,"confidenceHigh":97.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":5,"expectedCount":5,"expectedPercent":100.0,"averageReturn":-7.1,"medianReturn":-5.9,"confidenceLow":56.6,"confidenceHigh":100.0,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.7,"sample":6},{"week":2,"averageReturn":-0.4,"sample":6},{"week":3,"averageReturn":-5.0,"sample":6},{"week":4,"averageReturn":-6.6,"sample":6},{"week":5,"averageReturn":-6.1,"sample":6},{"week":6,"averageReturn":-2.6,"sample":6},{"week":7,"averageReturn":-5.6,"sample":6},{"week":8,"averageReturn":-8.1,"sample":6},{"week":9,"averageReturn":-8.8,"sample":6},{"week":10,"averageReturn":-8.4,"sample":6},{"week":11,"averageReturn":-7.7,"sample":6},{"week":12,"averageReturn":-5.3,"sample":6},{"week":13,"averageReturn":-6.8,"sample":6},{"week":14,"averageReturn":-6.7,"sample":6},{"week":15,"averageReturn":-6.1,"sample":6},{"week":16,"averageReturn":-8.6,"sample":6},{"week":17,"averageReturn":-7.2,"sample":5},{"week":18,"averageReturn":-7.1,"sample":5},{"week":19,"averageReturn":-6.9,"sample":5},{"week":20,"averageReturn":-7.4,"sample":5},{"week":21,"averageReturn":-8.0,"sample":5},{"week":22,"averageReturn":-8.0,"sample":5},{"week":23,"averageReturn":-5.1,"sample":5},{"week":24,"averageReturn":-7.2,"sample":5},{"week":25,"averageReturn":-7.9,"sample":5},{"week":26,"averageReturn":-7.1,"sample":5}]},"currentApplication":{"status":"Repair in progress","tone":"caution","headline":"Market Dynamics is repairing while price remains rotational","use":"The repair is constructive, but price has not yet established a clear response.","confirm":"Treat the repair as constructive context until price confirms it.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"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":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 80.0% of completed 12-week outcomes were lower across 5 cases. Distinct visits lasted 5.6 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 9.6% across 17 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 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1068,-25.298,-46.6855,-4.0286,-2.6376,-30.7242,27.0706,25.1324,19.4939,-38.0514,-65.2336,0.0,-58.5861,-0.7137,0.0,-36.1556,0.0,-31.0394,-11.1623,-15.0671,78.8226,45.9455,-15.2371],"direction":[45.4448,0.0,-34.1624,-50.2749,-43.225,-34.5728,28.2983,0.0,32.5089,0.0,-23.0397,-32.4206,-35.9868,-54.6584,-51.4913,4.1569,15.2513,41.033,0.0,39.2874,31.0367,0.0,-5.1694,22.2811,29.8906,37.5726,0.0,0.0,18.3671,25.5699,-2.3226,-35.7944,-39.5988,-38.6928,-41.7636,1.572,17.9479,21.9122,-11.5023,-45.8567,0.0,-49.4822,-37.4337,0.0,-34.1955,0.0,-27.2971,-26.9777,-21.6441,15.7141,38.7249,-19.5208],"intensity":[92.3077,69.2308,100.0,100.0,53.8462,80.7692,84.6154,67.3077,26.9231,26.9231,86.5385,98.0769,100.0,78.8462,63.4615,88.4615,84.6154,53.8462,36.5385,19.2308,7.6923,26.9231,73.0769,65.3846,88.4615,15.3846,28.8462,76.9231,75.0,23.0769,59.6154,71.1538,55.7692,3.8462,7.6923,48.0769,28.8462,1.9231,59.6154,75.0,21.1538,32.6923,53.8462,32.6923,21.1538,71.1538,82.6923,38.4615,59.6154,61.5385,71.1538,26.9231],"confirmation":[86.0222,31.7762,83.8387,84.2613,50.8983,74.2752,82.1486,26.8889,79.9606,28.943,50.0699,79.0007,26.699,88.8222,78.14,58.2461,75.2888,86.7269,6.6398,81.1242,5.4095,4.7989,28.2084,83.0739,76.1187,79.1979,28.5456,25.1404,72.9458,76.9486,50.132,82.4811,27.4252,27.1996,79.454,50.0583,74.9751,74.3864,77.7244,85.8221,7.5851,84.4335,50.6962,4.5615,79.1519,2.8565,78.255,73.9948,75.2018,82.1901,80.0891,27.806],"persistence":[75.0,62.5,37.5,12.5,12.5,25.0,25.0,25.0,25.0,25.0,25.0,25.0,25.0,25.0,50.0,37.5,37.5,25.0,12.5,12.5,37.5,50.0,50.0,50.0,50.0,50.0,50.0,37.5,37.5,50.0,50.0,25.0,0.0,25.0,37.5,25.0,25.0,25.0,25.0,25.0,12.5,12.5,12.5,25.0,50.0,62.5,62.5,62.5,75.0,50.0,25.0,25.0],"assessmentRisk":[9.9467,30.5069,20.0847,23.9565,40.4371,38.193,19.9595,45.8619,28.6171,42.9682,28.9226,24.8808,40.0123,18.5483,32.4582,1.1633,24.6138,21.988,47.0898,28.2533,37.9798,4.9322,18.6708,8.2764,23.0419,28.455,47.2518,23.2221,6.1506,7.1354,1.6188,23.0086,43.351,43.2003,31.22,26.8902,35.2268,37.1239,38.4719,20.7991,46.2052,24.6946,36.7508,9.8548,26.8397,25.4911,11.2718,28.3893,8.1506,14.9425,31.3601,48.6552],"volumeParticipation":true,"latest":{"consensus":-2.3,"control":-13.4,"force":-15.2,"direction":-19.5,"confirmation":27.8,"persistence":25.0,"assessmentRisk":48.7,"intensity":26.9,"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":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-2.3","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-13.4","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-15.2","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-19.5","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"28/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"49.9","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"9.9%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"17.8","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"39%","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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