{"schema_version":"1.0","name":"PRXB31 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"7f3192dd-418f-4978-8b8f-2738c38401d1","symbol":"PRXB31","name":"PROSUS N.V. DR1","exchange":"SAO","country":"BR","asset_type":"equity","currency":"BRL","sector":"Consumer Cyclical","industry":"Internet Retail"},"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, 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":"2026-08-21","observations":43,"displayedObservations":43,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","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.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Market Dynamics is improving before price has fully responded","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.","take":"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.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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","2026-08-21"],"values":[-0.092944,-0.091537,-0.039908,0.0115,0.005297,-0.040015,-0.093387,-0.103476,-0.077857,-0.035477,0.04225,0.197655,0.291909,0.423977,0.485212],"opens":[23.809999,23.219999,22.950001,23.870001,23.309999,23.43,21.85,22.42,23.059999,23.030001,23.15,25.23,24.93,24.9,22.85],"highs":[23.809999,24.02,23.309999,23.879999,23.309999,23.43,22.32,22.42,23.540001,23.030001,23.540001,25.49,25.379999,25.02,23.07],"lows":[22.0,22.700001,22.690001,23.84,23.290001,23.43,21.85,22.42,23.059999,22.940001,21.15,21.84,23.77,22.48,22.209999],"closes":[23.27,22.950001,23.290001,23.84,23.290001,23.43,22.32,22.42,23.469999,22.940001,21.51,23.719999,24.9,22.940001,22.74],"hoverRows":[[{"label":"Open","value":"23.8","className":"is-ohlc","compact":true},{"label":"High","value":"23.8","className":"is-ohlc","compact":true},{"label":"Low","value":"22.0","className":"is-ohlc","compact":true},{"label":"Close","value":"23.3","className":"is-ohlc","compact":true},{"label":"Market 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and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"22.4","className":"is-ohlc","compact":true},{"label":"High","value":"22.4","className":"is-ohlc","compact":true},{"label":"Low","value":"22.4","className":"is-ohlc","compact":true},{"label":"Close","value":"22.4","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.10","note":"Cautious and weakening","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"23.1","className":"is-ohlc","compact":true},{"label":"High","value":"23.5","className":"is-ohlc","compact":true},{"label":"Low","value":"23.1","className":"is-ohlc","compact":true},{"label":"Close","value":"23.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.08","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"23.0","className":"is-ohlc","compact":true},{"label":"High","value":"23.0","className":"is-ohlc","compact":true},{"label":"Low","value":"22.9","className":"is-ohlc","compact":true},{"label":"Close","value":"22.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"-0.04","note":"Cautious but repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"23.1","className":"is-ohlc","compact":true},{"label":"High","value":"23.5","className":"is-ohlc","compact":true},{"label":"Low","value":"21.1","className":"is-ohlc","compact":true},{"label":"Close","value":"21.5","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.04","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"25.2","className":"is-ohlc","compact":true},{"label":"High","value":"25.5","className":"is-ohlc","compact":true},{"label":"Low","value":"21.8","className":"is-ohlc","compact":true},{"label":"Close","value":"23.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.20","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"24.9","className":"is-ohlc","compact":true},{"label":"High","value":"25.4","className":"is-ohlc","compact":true},{"label":"Low","value":"23.8","className":"is-ohlc","compact":true},{"label":"Close","value":"24.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.29","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"24.9","className":"is-ohlc","compact":true},{"label":"High","value":"25.0","className":"is-ohlc","compact":true},{"label":"Low","value":"22.5","className":"is-ohlc","compact":true},{"label":"Close","value":"22.9","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.42","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}],[{"label":"Open","value":"22.9","className":"is-ohlc","compact":true},{"label":"High","value":"23.1","className":"is-ohlc","compact":true},{"label":"Low","value":"22.2","className":"is-ohlc","compact":true},{"label":"Close","value":"22.7","className":"is-ohlc","compact":true},{"label":"Market Dynamics","value":"0.49","note":"Supportive and strengthening","className":"is-positive","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[21.3066,25.1034],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":0.485212,"state":"Positive Market Dynamics ahead of price","context":{"scenario":"dynamicsAhead","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"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."}},"diagnosis":{"label":"Underlying strength ahead of price","detail":"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.","tone":"positive"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"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.","annotations":[{"label":"Current tape relationship","value":"Underlying strength ahead of price","detail":"Market Dynamics strengthened this week and remains positive.","tone":"positive"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Leading price","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.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":15,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[37.3992,41.39,37.25,37.5,39.7,39.4,38.75,33.8,38.45,37.95,34.0,36.6,36.94,30.4,28.15,26.18,27.05,26.57,25.51,28.26,24.95,23.74,24.17,24.66,26.16,24.67,24.35,23.81,23.27,22.95,23.29,23.84,23.29,23.43,22.32,22.42,23.47,22.94,21.51,23.72,24.9,22.94,22.74],"consensus":[0.0,34.258,-88.6364,58.0,78.8931,0.0,0.0,-77.6637,34.9462,-8.8154,-68.8475,30.5313,0.0,-78.8661,-80.6419,-83.4519,-40.2434,-54.2123,-60.0062,14.1198,-73.7832,-64.6484,-18.0603,-24.8889,20.4378,-36.1653,-20.8916,-37.1865,-36.8547,-39.9928,0.0,-19.3486,-32.6782,-9.36,-21.158,-24.1686,15.4434,-31.7218,-54.5658,27.9089,46.2801,-37.6199,-1.837],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,0.0,0.0,-63.3568,46.8273,-0.828,-67.2325,27.0094,0.0,-68.0313,-77.0587,-81.3527,-42.557,-52.8874,-52.8556,12.2491,-75.9407,-71.4922,-8.5329,-21.9565,14.5833,-46.934,-23.5032,-39.1766,-27.9265,-43.4857,0.0,-33.1463,-50.6201,-17.2244,-15.9497,-23.79,20.4232,-46.5444,-56.7428,12.7092,36.0173,-40.5422,-12.0993],"force":[0.0,34.258,-88.6364,58.0,55.0398,0.0,0.0,-97.6506,64.8832,-12.9269,-64.9877,63.8017,0.0,-97.5265,-87.234,-88.9291,-4.764,-36.2087,-61.3929,67.1295,-91.386,-56.2972,-16.7448,-15.232,76.6831,-36.7739,-5.7225,-32.0437,-34.1462,-28.0638,0.0,-1.1238,-20.8254,-5.5318,-7.9619,-5.6242,31.5151,-26.6608,-76.8344,58.242,67.0196,-78.5161,-4.6995],"direction":[null,null,null,null,95.9311,0.0,0.0,-79.7381,0.0157,-15.0069,-73.4502,10.7919,0.0,-77.92,-80.0282,-81.9386,-69.7473,-68.5862,-67.1876,21.6063,-58.7442,-62.7921,-53.8097,-56.898,13.0466,-23.4236,-28.7421,-38.5854,-48.9929,-44.5218,0.0,-16.5976,-20.6394,-11.0091,-36.5361,-37.8473,1.7277,-18.3966,-36.1716,23.6135,43.1952,-5.0686,-5.2225],"intensity":[null,null,null,null,25.0,20.0,33.3333,85.7143,75.0,44.4444,60.0,36.3636,8.3333,100.0,92.8571,26.6667,18.75,23.5294,27.7778,57.8947,55.0,52.381,22.7273,26.087,33.3333,32.0,34.6154,7.4074,28.5714,10.3448,13.3333,29.0323,9.375,3.0303,52.9412,14.2857,33.3333,8.1081,57.8947,64.1026,60.0,60.9756,59.5238],"confirmation":[0.0,33.6292,51.0303,41.2267,69.4887,25.9701,29.835,93.6795,57.2508,48.4013,89.9382,78.8377,3.8704,93.971,94.0609,94.9035,57.8206,84.8194,87.3532,33.4384,92.1142,88.3287,31.1027,32.7026,33.7934,79.4274,51.5166,79.7126,79.847,80.3809,5.7923,50.7592,77.8224,48.935,51.7811,52.5079,51.0577,77.7709,86.1065,78.0869,83.5981,58.5735,18.0112],"persistence":[null,null,0.0,25.0,40.0,33.3333,28.5714,12.5,25.0,0.0,0.0,0.0,12.5,25.0,37.5,37.5,62.5,62.5,62.5,62.5,75.0,75.0,75.0,75.0,50.0,50.0,50.0,75.0,75.0,75.0,62.5,62.5,87.5,87.5,87.5,87.5,62.5,62.5,75.0,50.0,25.0,25.0,12.5],"assessmentRisk":[null,null,null,null,7.3882,33.8839,24.6304,3.6107,35.8117,17.5958,10.8996,20.4783,22.0224,9.4689,7.4076,8.1792,29.7366,16.2809,6.169,22.503,6.0542,8.4231,15.3909,32.8565,13.9821,37.4757,16.0523,6.8529,29.7898,22.0255,27.8143,10.7375,17.2155,32.3509,32.2057,35.7367,3.3979,15.8417,15.1768,30.4887,22.0173,18.81,41.3677],"volumeParticipation":true,"latest":{"consensus":-1.8,"control":-12.1,"force":-4.7,"direction":-5.2,"confirmation":18.0,"persistence":12.5,"assessmentRisk":41.4,"intensity":59.5,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the downward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"negative","supportedView":"Price structure","direction":"downward","disagreement":true},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Present","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-1.8","detail":"Price structure has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-12.1","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-4.7","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-5.2","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"18/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"49.6","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"7.4%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"31.2","detail":"Directional","tone":"positive"},{"label":"Range position","value":"18%","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 downward.","series":[{"label":"Close","values":[37.3992,41.39,37.25,37.5,39.7,39.4,38.75,33.8,38.45,37.95,34.0,36.6,36.94,30.4,28.15,26.18,27.05,26.57,25.51,28.26,24.95,23.74,24.17,24.66,26.16,24.67,24.35,23.81,23.27,22.95,23.29,23.84,23.29,23.43,22.32,22.42,23.47,22.94,21.51,23.72,24.9,22.94,22.74],"stroke":"#10243b","width":2.1},{"label":"Fast trend","values":[null,null,null,null,38.2118,38.4278,38.4864,37.6343,37.7826,37.8131,37.1198,37.0253,37.0098,35.808,34.4156,32.9182,31.8513,30.8911,29.9127,29.6122,28.7645,27.851,27.1817,26.7232,26.6208,26.2661,25.9177,25.5345,25.1228,24.7277,24.4663,24.3524,24.1593,24.0267,23.7164,23.4807,23.4787,23.3808,23.0406,23.1642,23.4798,23.3816,23.265],"stroke":"#176fa3","width":1.7},{"label":"Slow 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}