{"schema_version":"1.0","name":"TNC Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"800cdd57-0865-4619-a38c-4e679ef429e7","symbol":"TNC","name":"Tennant Company","exchange":"NYSE","country":"US","asset_type":"equity","currency":"USD","sector":"Industrials","industry":"Specialty Industrial Machinery"},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","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, Strength versus the research benchmark, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Range position and boundary pressure, 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 weakened this week and remains below zero. 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.2,"sample":19},{"week":2,"averageReturn":0.3,"sample":19},{"week":3,"averageReturn":0.0,"sample":19},{"week":4,"averageReturn":-1.3,"sample":19},{"week":5,"averageReturn":-1.4,"sample":19},{"week":6,"averageReturn":0.7,"sample":18},{"week":7,"averageReturn":1.1,"sample":18},{"week":8,"averageReturn":1.5,"sample":18},{"week":9,"averageReturn":0.9,"sample":18},{"week":10,"averageReturn":1.0,"sample":18},{"week":11,"averageReturn":3.6,"sample":17},{"week":12,"averageReturn":4.4,"sample":17},{"week":13,"averageReturn":4.9,"sample":17},{"week":14,"averageReturn":3.7,"sample":17},{"week":15,"averageReturn":3.1,"sample":17},{"week":16,"averageReturn":3.7,"sample":17},{"week":17,"averageReturn":4.5,"sample":17},{"week":18,"averageReturn":3.8,"sample":17},{"week":19,"averageReturn":5.1,"sample":17},{"week":20,"averageReturn":5.9,"sample":17},{"week":21,"averageReturn":5.2,"sample":17},{"week":22,"averageReturn":4.4,"sample":17},{"week":23,"averageReturn":5.2,"sample":17},{"week":24,"averageReturn":3.1,"sample":17},{"week":25,"averageReturn":3.9,"sample":16},{"week":26,"averageReturn":4.3,"sample":16}]}},"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":"Negative pressure; price rotational","tone":"caution","headline":"Market Dynamics is negative while price remains rotational","use":"Treat the pressure as context until price establishes a clear response.","confirm":"The underlying condition is weak, but a negative price response is still required.","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":52.9,"averageReturn":0.9,"sample":17},"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 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":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"In this ticker's completed record, 52.9% of comparable cases moved lower after 12 weeks, with an average move of 0.9% across 17 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 3.0 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 8.9% across 17 completed cases, with the largest move arriving after 5.4 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":[{"date":"2026-04-24","price":81.227577}],"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":[93.1014,95.052,89.0279,90.0011,89.6118,93.9912,89.5242,90.7407,90.7018,88.1228,80.9601,88.1034,83.9186,87.2859,86.2883,83.7594,82.0701,78.3987,78.8771,80.2832,77.8519,83.1735,84.6186,83.5055,84.3843,85.4193,84.8139,84.809,84.7796,82.7613,80.3021,79.1753,72.9734,69.6814,68.5742,70.8571,70.0341,70.8473,75.462,71.1706,73.2036,73.4397,73.1151,73.0856,76.43,80.6401,82.2533,78.6728,81.3975,79.7843,78.9875,80.1679,82.3418,80.9893,81.8777,79.9922,79.6269,79.5381,81.7494,77.2083,78.5509,80.6339,78.9754,73.6248,71.2654,70.8014,72.4994,73.8576,76.336,73.9369,74.7796,73.3223,77.8826,79.2804,76.9904,75.4339,81.2632,82.324,82.6511,60.8111,61.2296,63.4815,64.9263,66.2615,69.5895,77.222,78.4177,81.2276,82.4831,86.8075,80.4304,83.5691,86.11,84.01,86.88,90.75,91.15,87.48,85.55,86.11,87.77,84.03,73.89,68.59],"consensus":[-10.1039,0.0,-53.9231,-8.907,-33.0517,18.4886,-38.6848,0.0,-17.2728,-40.0301,-67.709,19.6969,-54.5674,14.0384,-14.4273,-41.2302,-39.4828,-63.0142,-25.3557,0.0,-46.2264,37.3856,21.2517,0.0,25.5131,16.9856,0.0,0.0,9.4736,-21.2266,-43.4434,-35.6822,-62.2926,-54.4346,-48.3652,-10.5552,-28.6979,-8.4136,31.6173,-40.4276,11.003,0.0,-19.8231,0.0,40.8251,55.211,48.5861,0.0,50.2984,0.0,0.0,19.1859,38.1839,0.0,31.8714,-10.0754,-13.2161,0.0,27.8314,-42.4279,0.0,19.8838,-24.0517,-54.4206,-49.9733,-29.777,-11.4609,0.0,30.0889,-29.0854,0.0,-24.0871,49.948,41.1455,0.0,-11.7988,58.4892,43.4472,29.6375,-71.4027,-38.3286,-11.7168,-14.5291,0.0,29.607,64.7551,38.8274,59.6879,49.3368,68.3615,-13.5953,46.8059,42.5401,0.0,45.8497,63.1484,41.0334,0.0,-8.4783,0.0,20.0188,-24.6815,-64.5966,-65.1504],"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":[42.9613,0.0,31.4598,-14.0009,-12.343,0.0,31.9035,-43.6827,0.0,21.6918,-23.8513,-50.6998,-46.2379,-19.4096,-1.8855,0.0,24.64,-33.4041,0.0,-29.1052,49.6879,41.6484,0.0,-19.7466,58.8006,47.4073,22.2338,-62.3696,-37.5436,-4.4457,-4.6682,0.0,23.3707,60.512,34.9152,55.6699,44.634,63.1102,-25.5612,50.2965,41.9687,0.0,43.7798,67.2034,42.0064,0.0,-10.0709,0.0,30.122,-22.1862,-54.7683,-59.815],"force":[37.4008,0.0,28.9528,-27.887,-22.7907,0.0,37.0689,-62.0425,0.0,24.8595,-36.4584,-74.9239,-49.5759,-9.8672,-21.3601,0.0,56.4685,-60.0501,0.0,-24.2145,85.5094,39.0231,0.0,-23.8925,77.3536,32.5697,11.6323,-98.9263,-3.352,-46.3297,-29.2829,0.0,68.5008,95.5752,27.6434,68.8897,42.1565,83.1445,-59.4858,47.3055,32.6759,0.0,39.8151,62.2996,19.8463,0.0,-27.6431,0.0,21.4859,-41.3133,-93.9632,-77.2098],"direction":[33.2833,0.0,34.4266,-7.1336,-7.3749,0.0,16.5794,-26.9835,0.0,14.2633,-15.4188,-44.0276,-54.5261,-55.8468,-45.8476,0.0,17.4737,-2.0319,0.0,-18.2612,24.8442,42.0867,0.0,-5.9228,44.6587,46.6909,50.9599,-62.0667,-64.209,-61.4884,-57.0928,0.0,8.9529,47.5901,51.287,57.7071,59.8401,63.8038,-32.8589,42.4597,50.2391,0.0,52.5255,59.1204,55.055,0.0,-7.0309,0.0,7.4244,-15.6533,-54.8528,-62.6343],"intensity":[25.0,11.5385,21.1538,21.1538,1.9231,19.2308,36.5385,84.6154,57.6923,50.0,21.1538,98.0769,90.3846,55.7692,53.8462,15.3846,71.1538,48.0769,26.9231,17.3077,84.6154,78.8462,46.1538,38.4615,94.2308,80.7692,50.0,100.0,98.0769,38.4615,17.3077,63.4615,67.3077,96.1538,94.2308,59.6154,32.6923,86.5385,90.3846,69.2308,78.8462,28.8462,55.7692,73.0769,3.8462,69.2308,28.8462,1.9231,23.0769,88.4615,96.1538,96.1538],"confirmation":[80.1222,5.2481,78.1162,50.5623,49.8676,1.4233,77.1255,82.1556,3.0786,74.4869,76.0777,86.0961,84.0363,77.0799,7.3699,29.1428,78.5154,55.5185,25.5639,75.6353,85.0711,81.0942,29.496,50.6199,87.2867,81.5112,77.0481,91.8253,56.5445,11.9748,9.7114,29.5874,78.7546,89.7256,80.1435,87.4418,83.6406,90.4062,35.2433,82.9399,81.3209,5.5928,82.5195,88.1198,80.4702,7.5509,50.1061,24.1176,51.6301,76.443,89.7157,89.297],"persistence":[62.5,50.0,50.0,37.5,12.5,12.5,25.0,0.0,12.5,0.0,25.0,25.0,25.0,37.5,62.5,50.0,37.5,62.5,50.0,50.0,25.0,0.0,12.5,0.0,0.0,25.0,37.5,37.5,12.5,12.5,25.0,12.5,12.5,12.5,12.5,12.5,37.5,62.5,62.5,75.0,75.0,62.5,62.5,62.5,62.5,50.0,50.0,37.5,37.5,25.0,0.0,25.0],"assessmentRisk":[2.2392,24.5341,27.9312,1.0755,35.4091,28.2128,17.4253,21.8927,25.4802,15.9943,32.7826,18.1332,24.7953,35.0965,43.8848,1.557,33.3557,56.8327,31.7067,1.2814,2.2373,27.968,38.5875,40.0323,14.1057,20.8363,34.3115,13.2017,30.6304,43.8478,42.315,35.5502,27.9102,15.9004,28.739,18.9458,23.1499,10.4052,20.9117,7.2568,20.6428,34.8849,25.403,17.2974,25.2381,35.7811,15.8946,46.3444,50.0937,26.9562,17.4047,17.412],"volumeParticipation":true,"latest":{"consensus":-65.2,"control":-59.8,"force":-77.2,"direction":-62.6,"confirmation":89.3,"persistence":25.0,"assessmentRisk":17.4,"intensity":96.2,"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":"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":"-65.2","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-59.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-77.2","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-62.6","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"89/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"36.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"9.6%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"23.9","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"27%","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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