{"schema_version":"1.0","name":"PZZA Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"7bf09b75-c925-480b-9dbd-6a2386976211","symbol":"PZZA","name":"Papa John's International Inc","exchange":"NASDAQ","country":"US","asset_type":"equity","currency":"USD","sector":"Consumer Cyclical","industry":"Restaurants"},"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 technical 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adverse"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.1,"sample":17},{"week":2,"averageReturn":-0.5,"sample":17},{"week":3,"averageReturn":-3.1,"sample":17},{"week":4,"averageReturn":-5.1,"sample":17},{"week":5,"averageReturn":-5.2,"sample":16},{"week":6,"averageReturn":-4.6,"sample":16},{"week":7,"averageReturn":-4.3,"sample":16},{"week":8,"averageReturn":-6.9,"sample":16},{"week":9,"averageReturn":-8.0,"sample":16},{"week":10,"averageReturn":-5.0,"sample":15},{"week":11,"averageReturn":-5.8,"sample":15},{"week":12,"averageReturn":-7.3,"sample":15},{"week":13,"averageReturn":-7.1,"sample":15},{"week":14,"averageReturn":-8.9,"sample":15},{"week":15,"averageReturn":-8.7,"sample":14},{"week":16,"averageReturn":-5.9,"sample":14},{"week":17,"averageReturn":-7.4,"sample":14},{"week":18,"averageReturn":-8.1,"sample":14},{"week":19,"averageReturn":-9.7,"sample":14},{"week":20,"averageReturn":-13.7,"sample":14},{"week":21,"averageReturn":-13.1,"sample":14},{"week":22,"averageReturn":-12.4,"sample":14},{"week":23,"averageReturn":-13.1,"sample":14},{"week":24,"averageReturn":-12.8,"sample":14},{"week":25,"averageReturn":-13.4,"sample":14},{"week":26,"averageReturn":-13.8,"sample":14}]}},"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":"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":"accumulation","zoneContext":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":57.1,"averageReturn":0.4,"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 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, 57.1% of comparable cases moved lower after 12 weeks, with an average move of 0.4% across 21 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 13.9% across 20 completed cases, with the largest move arriving after 6.4 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":[]}},"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":[42.3647,43.6929,43.2871,45.7498,46.211,48.8306,47.7975,46.6077,50.3248,47.0596,50.9705,50.8137,43.6468,46.4877,46.4038,45.3981,41.7104,36.2347,36.7934,40.1273,34.2791,33.5341,36.2905,36.8493,35.4338,46.2118,44.968,42.7346,45.2224,40.8594,42.141,37.5424,34.2348,30.032,29.363,31.5492,33.6317,36.0629,38.0136,40.2572,43.1157,47.5559,48.0418,47.2129,46.3934,46.6888,44.8022,42.9346,41.8675,39.8189,41.2767,45.3262,44.5489,46.8779,46.4256,48.514,45.723,45.2322,45.5594,40.0257,50.0538,53.2297,48.8989,39.5349,39.5541,39.1792,40.9508,40.065,40.3083,39.773,38.2545,39.2279,36.2979,35.2077,35.9183,34.2343,33.7574,31.3528,31.1556,30.9189,30.2778,36.2841,33.9368,31.3232,34.5088,35.14,36.9449,36.501,35.0118,30.7118,34.2524,33.4,34.21,31.92,32.6,36.47,36.79,35.82,33.49,32.86,30.37,29.9,24.47,24.26],"consensus":[0.0,26.1554,0.0,47.5785,22.0579,56.8019,14.9649,0.0,59.7105,-20.2035,55.5791,18.1105,-56.4237,23.2246,0.0,-23.2675,-49.7252,-74.2722,-33.3604,0.0,-70.1474,-46.3161,0.0,-14.9106,-32.2733,60.2204,9.6988,0.0,46.0334,-35.455,0.0,-51.9192,-54.5355,-63.5223,-41.1923,0.0,0.0,27.0465,25.2032,44.2174,56.688,68.6608,37.5808,25.8069,21.9859,15.3755,-12.3795,-19.83,-22.5305,-41.7799,0.0,44.5224,10.5045,46.2067,25.594,46.7041,-13.9014,0.0,0.0,-60.5399,57.6461,60.4126,-8.8342,-52.4706,-31.2852,-27.9311,0.0,-25.6047,-12.887,-21.2318,-37.6437,0.0,-50.2878,-46.2289,-19.9729,-48.9752,-27.269,-59.3587,-35.5099,-35.3939,-38.9011,45.8133,-17.6562,-37.5542,32.2884,10.1055,36.4274,11.1883,-12.16,-58.9319,24.0736,-13.2595,8.4456,-26.6923,0.0,45.8107,31.5421,11.2296,-25.0121,-21.6883,-51.8531,-41.6821,-72.2267,-35.8865],"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":[6.8144,41.5919,24.0901,49.8022,-17.7553,0.0,0.0,-60.2917,49.999,63.6258,-17.254,-51.1786,-25.0715,-19.8009,0.0,-34.8237,-17.4661,-28.252,-41.9913,0.0,-50.6351,-49.0317,-17.756,-50.5247,-21.9739,-63.4467,-32.395,-33.3148,-39.731,38.206,-24.7564,-47.0421,30.4662,16.3023,35.2044,0.1483,-19.1119,-56.9668,27.6303,-6.9529,11.4786,-35.6537,0.0,42.8572,33.2497,3.8724,-37.1265,-18.6504,-51.5777,-44.4931,-68.8023,-29.0235],"force":[2.7291,57.6287,11.1358,48.0366,-48.4104,0.0,0.0,-77.8765,90.698,63.2012,-49.6163,-83.5485,-18.4504,-11.8062,0.0,-17.6492,-0.0097,-13.5577,-30.1195,0.0,-54.9327,-36.5304,-2.3593,-44.8067,-11.3719,-60.5416,-14.6666,-20.333,-23.414,86.9377,-36.7823,-46.8619,56.1594,11.3379,43.815,2.6561,-27.0339,-88.2626,67.0513,-16.0858,18.4764,-37.1583,0.0,65.9485,24.8218,2.7497,-38.3457,-19.8557,-62.3701,-31.2047,-94.1943,-11.4394],"direction":[24.1743,43.3222,37.6398,42.2117,-15.1523,0.0,0.0,-48.4403,42.7772,54.7486,-29.9185,-31.7486,-47.5542,-48.7405,0.0,-20.7512,-16.8657,-18.6902,-38.0494,0.0,-46.5731,-49.953,-38.4581,-50.1817,-44.6754,-53.8419,-53.9579,-48.5279,-49.0149,25.1329,-4.1197,-20.0625,17.3201,2.1431,32.5481,33.6943,-6.4092,-40.2273,10.6896,-18.4482,2.1856,-8.975,0.0,34.8021,34.3908,29.6231,-1.6433,-26.469,-44.6557,-45.9534,-60.4492,-61.1921],"intensity":[17.3077,30.7692,5.7692,23.0769,42.3077,73.0769,9.6154,90.3846,98.0769,96.1538,67.3077,98.0769,46.1538,90.3846,15.3846,1.9231,1.9231,1.9231,17.3077,3.8462,50.0,21.1538,3.8462,48.0769,28.8462,46.1538,23.0769,13.4615,36.5385,94.2308,67.3077,55.7692,67.3077,61.5385,32.6923,42.3077,28.8462,80.7692,75.0,26.9231,7.6923,53.8462,19.2308,88.4615,34.6154,5.7692,57.6923,32.6923,61.5385,48.0769,90.3846,90.3846],"confirmation":[26.2632,83.2046,75.7724,82.9387,31.3406,1.5595,0.637,87.9049,87.5706,87.3681,32.9908,85.7574,77.7148,76.5704,6.2631,75.8106,48.9964,74.4533,79.7504,5.3767,84.2284,82.455,51.5812,83.5214,76.3223,86.9686,78.7754,78.8987,79.9637,84.0295,52.3369,80.1564,79.0875,48.5102,79.9005,26.5599,50.9392,87.782,33.9063,49.7586,48.7617,76.724,3.7575,83.3182,77.8626,26.5328,53.559,74.9307,84.9177,80.9761,91.8342,86.8432],"persistence":[12.5,12.5,12.5,37.5,37.5,50.0,50.0,25.0,25.0,25.0,0.0,25.0,25.0,37.5,37.5,37.5,62.5,87.5,87.5,75.0,75.0,75.0,87.5,87.5,87.5,87.5,87.5,100.0,100.0,75.0,75.0,75.0,50.0,25.0,0.0,25.0,25.0,0.0,25.0,25.0,25.0,0.0,12.5,12.5,12.5,37.5,12.5,12.5,12.5,12.5,25.0,50.0],"assessmentRisk":[37.1855,26.7771,36.9474,23.7404,33.7823,34.7693,21.2363,19.6451,12.8296,18.5655,39.5206,20.9912,33.4205,35.8396,43.5331,18.6884,14.8799,17.3482,8.521,9.0321,11.8175,22.3351,24.2182,23.2277,34.9821,20.0683,32.1819,32.0566,30.3662,26.1642,51.5869,27.7017,30.8925,27.8969,24.6049,43.2028,16.6708,17.275,49.9748,34.0638,18.5184,33.6613,30.8932,19.8204,24.8734,41.7982,31.4151,35.702,23.7468,28.6724,13.8336,32.0293],"volumeParticipation":true,"latest":{"consensus":-35.9,"control":-29.0,"force":-11.4,"direction":-61.2,"confirmation":86.8,"persistence":50.0,"assessmentRisk":32.0,"intensity":90.4,"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":"Commitment is limited","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-35.9","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-29.0","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-11.4","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-61.2","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"87/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"32.0","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"14.9%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"15.7","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"6%","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 envelope.","reason":"Selected as the anchor because price and its trend references are aligned 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