{"schema_version":"1.0","name":"9648 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"8600c29c-2ccd-4880-832f-9bce16202b5d","symbol":"9648","name":"Hamad Mohammed Bin Saedan Real Estate Company","exchange":"SAU","country":"SA","asset_type":"equity","currency":"SAR","sector":"Real Estate","industry":"Real Estate - Development"},"summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. The upward price structure remains intact, but its underlying support has weakened.","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, Activity pressure and cumulative balance, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Range pressure and compression, Directional strength and control."},{"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":48,"displayedObservations":48,"assetType":"Equity","state":"Aligned upward","stateTone":"positive","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. The upward price structure remains intact, but its underlying support has weakened.","evidenceAlignment":{"status":"Confirmation weakening","headline":"Upward price structure remains intact, but support is fading","summary":"Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. The upward price structure remains intact, but its underlying support has weakened.","take":"Treat the advance as conditional. Renewed Market Dynamics would restore confirmation; continued contraction would increase rollover risk.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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"],"values":[-0.484098,-0.629422,-0.574122,-0.484046,-0.40869,-0.381706,-0.250131,-0.218436,-0.227473,0.055965,0.440489,0.904207,1.343389,1.555621,1.533039,1.513179,1.508962,1.438371,1.320001,1.187913],"opens":[5.9,5.89,5.5,5.55,5.5,5.52,5.46,5.4,5.3,5.2,5.38,6.46,6.9,6.94,8.48,8.05,8.24,8.62,8.28,8.29],"highs":[6.13,5.89,5.55,5.63,5.52,5.6,5.54,5.4,5.3,5.85,6.88,6.95,7.2,8.52,8.48,8.22,9.0,8.63,8.4,8.37],"lows":[5.8,5.34,5.42,5.38,5.38,5.4,5.33,5.3,5.3,5.19,5.38,6.46,6.51,6.94,8.18,7.92,8.24,7.77,8.06,7.82],"closes":[5.9,5.5,5.55,5.5,5.52,5.4,5.41,5.3,5.3,5.35,6.88,6.9,7.18,8.42,8.22,8.03,8.57,8.28,8.09,8.14],"hoverRows":[[{"label":"Open","value":"5.90","className":"is-ohlc","compact":true},{"label":"High","value":"6.13","className":"is-ohlc","compact":true},{"label":"Low","value":"5.80","className":"is-ohlc","compact":true},{"label":"Close","value":"5.90","className":"is-ohlc","compact":true},{"label":"Market 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Price confirmation now carries more weight.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains above zero, but support has contracted across the recent completed path. Price confirmation now carries more weight.","annotations":[{"label":"Current tape relationship","value":"Positive support is weakening","detail":"Market Dynamics eased this week but remains positive.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"12 Jun 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Weakening","detail":"Underlying support has contracted across the recent completed path.","tone":"negative"}],"relationshipEvidence":{"available":false,"observations":20,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[{"date":"2026-06-12","price":6.88}],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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":[10.9745,10.5344,9.6822,9.008,8.5773,7.8188,7.9406,7.5941,7.2945,7.36,7.3038,7.99,8.4,8.0,7.39,8.3,7.03,6.49,6.7,7.0,6.43,6.7,6.28,5.86,5.83,5.9,5.47,5.95,5.9,5.5,5.55,5.5,5.52,5.4,5.41,5.3,5.3,5.35,6.88,6.9,7.18,8.42,8.22,8.03,8.57,8.28,8.09,8.14],"consensus":[-60.6061,-96.0785,-90.5881,-42.5334,-66.5953,-63.3729,-43.9382,-55.4109,-51.5289,-23.3281,-28.0526,17.4701,21.4806,-21.5444,-39.5992,29.4617,-61.7089,-59.8791,-18.4508,-8.8469,-54.6776,0.0,-47.6797,-55.3459,-16.1891,-14.3943,-42.4142,11.6097,-18.7338,-48.9628,0.0,-26.2921,-9.5192,-34.8272,-20.79,-38.7011,-20.3283,-8.1708,73.5273,53.4805,61.9071,84.4137,23.3622,26.2663,62.7401,9.9208,0.0,25.8895],"supportDates":["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":[null,null,null,null,null,-68.27,-40.6084,-55.9491,-46.7473,-15.0866,-19.0592,21.8274,15.4764,-38.6705,-46.3829,28.7428,-58.702,-57.0767,-16.1688,-0.1713,-59.0653,0.0,-55.3485,-60.1646,-5.2131,-1.4469,-42.6263,18.2053,-26.9537,-50.0872,0.0,-26.8456,-0.2233,-49.5853,-26.3054,-51.3697,-22.5657,-11.3869,64.6463,55.3061,63.9949,83.4188,7.1261,19.9346,53.0183,16.2111,0.0,25.0867],"force":[-60.6061,-96.0785,-90.5881,-42.5334,-30.7873,-40.7026,-14.399,-36.0059,-36.3098,-6.4543,-1.9137,51.3409,35.7423,-19.9701,-39.4451,57.9864,-89.3197,-76.2203,-10.0365,-18.1421,-65.7196,0.0,-47.8827,-52.7581,-7.714,-8.6227,-30.493,43.5255,-6.7444,-61.4768,0.0,-11.0629,-7.8807,-23.1501,-5.8407,-31.1175,-4.689,-8.4673,99.6316,32.8741,48.7678,97.4675,22.4622,27.0648,62.7692,47.329,0.0,3.7684],"direction":[null,null,null,null,-92.1724,-73.9694,-68.843,-68.6565,-67.8644,-54.0199,-57.0013,11.7032,18.1556,-3.0963,-31.9566,9.9085,-45.4233,-51.4095,-41.4067,-38.4314,-41.7758,0.0,-38.7704,-51.6873,-45.8067,-45.632,-50.6869,18.7251,-17.9035,-38.7392,0.0,-36.5375,-32.5716,-26.3014,-25.1647,-29.6396,-28.9423,-16.3795,65.0309,66.1128,68.9062,76.2266,74.6495,71.5962,73.83,43.6245,0.0,42.6078],"intensity":[null,null,null,null,50.0,80.0,16.6667,28.5714,50.0,44.4444,10.0,72.7273,75.0,23.0769,92.8571,86.6667,93.75,76.4706,16.6667,15.7895,50.0,14.2857,31.8182,34.7826,50.0,12.0,34.6154,48.1481,21.4286,48.2759,23.3333,3.2258,6.25,12.1212,2.9412,20.0,8.3333,67.5676,100.0,92.3077,27.5,95.122,90.4762,23.2558,79.5455,53.3333,28.2609,21.2766],"confirmation":[42.0606,53.4118,51.6549,36.2774,65.0069,87.5138,81.2107,85.1319,84.0983,53.3932,53.6506,31.7196,75.3999,51.9186,80.5637,78.308,88.6341,87.702,29.8786,6.0528,85.7665,28.4268,83.1468,85.5584,28.9316,5.9415,81.206,31.2486,50.8375,84.0323,4.2804,75.9409,27.0054,78.5639,51.4465,79.9602,51.3277,26.5316,92.4596,84.4579,87.378,95.4254,11.1187,35.3169,88.2259,34.0976,7.0634,60.956],"persistence":[null,null,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,50.0,50.0,50.0,25.0,25.0,25.0,25.0,50.0,75.0,62.5,62.5,87.5,87.5,87.5,87.5,62.5,62.5,75.0,62.5,62.5,62.5,62.5,62.5,87.5,87.5,87.5,75.0,50.0,25.0,0.0,25.0,50.0,75.0,100.0,87.5,87.5],"assessmentRisk":[null,null,null,null,16.7024,18.3135,28.029,22.286,24.2217,33.0307,34.1532,27.6062,38.5129,55.6901,29.3462,12.6622,18.2979,19.5147,32.9199,44.5628,11.4876,15.1479,6.7522,20.184,31.6978,38.1031,24.2349,2.3596,16.892,16.3637,13.8362,31.2609,37.8768,0.304,14.8043,15.2276,28.5592,7.3506,13.0431,23.1805,19.0276,7.7922,37.7663,35.5272,18.1138,17.5434,14.6008,3.0224],"volumeParticipation":true,"latest":{"consensus":25.9,"control":25.1,"force":3.8,"direction":42.6,"confirmation":61.0,"persistence":87.5,"assessmentRisk":3.0,"intensity":21.3,"evidenceDepth":100},"analysis":{"status":"Joint upward confirmation","headline":"The gauges support the upward market view","summary":"Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.","take":"Current assessment: upward pressure has broad support.","tone":"positive","supportedView":"Price structure and Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Broadly stable","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Established","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+25.9","detail":"Joint upward confirmation","tone":"positive"},{"label":"SM Control Gauge","value":"+25.1","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+3.8","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+42.6","detail":"Upward 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pressure and cumulative balance","description":"Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.","reason":"Selected because participation is confirming or diverging from the latest price path.","series":[{"label":"Activity versus norm","values":[null,null,null,null,null,null,null,64.8918,132.3767,29.4558,25.7422,61.6981,51.2404,15.4816,60.7625,91.9153,161.0338,203.5325,89.7113,90.4058,154.9099,28.7655,116.2806,103.2866,30.7606,14.1063,51.0985,38.4072,50.7515,146.1393,42.6759,27.443,69.8724,18.3701,57.8767,66.103,0.0,865.8062,121.4406,149.5679,29.8084,192.8893,47.6408,114.2005,59.9235,96.8757,26.2952,25.8258],"stroke":"#1678a7","width":1.8},{"label":"Cumulative 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}