{"schema_version":"1.0","name":"BIED3 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"927f6519-432e-42f0-9bea-fd731e53e615","symbol":"BIED3","name":"Bioma Educação S.A.","exchange":"SAO","country":"BR","asset_type":"equity","currency":"BRL","sector":"Consumer Defensive","industry":"Education & Training Services"},"summary":"Market Dynamics weakened this week and remains below zero. The broader path has not changed enough to establish a new direction. 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, Activity pressure and cumulative balance, 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":91,"displayedObservations":91,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. The broader path has not changed enough to establish a new direction. Price structure remains rotational.","evidenceAlignment":{"status":"Underlying support lags price","headline":"Market Dynamics is weaker than the current price position","summary":"Market Dynamics weakened this week and remains below zero. The broader path has not changed enough to establish a new direction. Price structure remains rotational.","take":"This is a downside risk watch, not a completed reversal. 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The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","annotations":[{"label":"Current tape relationship","value":"Price response ahead of support","detail":"Market Dynamics weakened this week and remains below zero.","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":"9 Jan 2026","detail":"The green dot marks a confirmed recovery where institutional positioning is most plausible.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Lagging price","detail":"Price is extended relative to Market Dynamics. 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Stronger Market Dynamics or weaker price is needed to close the gap.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":0.0,"averageReturn":17.3,"sample":4},"nowContext":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Broadly steady over four weeks","detail":"The broader path has not changed enough to establish a new direction."},"priceContext":{"label":"Price is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"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, 0.0% of comparable cases moved lower after 12 weeks, with an average move of 17.3% across 4 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, 50.0% of completed 12-week outcomes were higher across 2 cases. Distinct visits lasted 13.0 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 5.9% across 4 completed cases, with the largest move arriving after 5.0 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 history."},"events":{"positioning_recoveries":[{"date":"2025-12-05","price":3.95},{"date":"2026-01-09","price":4.45}],"distribution_rollovers":[{"date":"2026-04-17","price":8.34}],"price_pressure_gaps":[]}},"smTape":{"available":true,"dates":["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":[4.31,4.51,4.39,4.44,4.14,4.43,4.39,4.36,4.03,3.9,4.14,3.88,3.7,3.47,3.27,3.26,3.35,3.47,4.0,3.4,3.45,3.35,3.3,3.59,3.49,3.5,3.84,3.89,4.34,4.9,4.24,3.94,3.82,3.52,3.67,3.59,3.2,3.39,3.49,3.2,3.23,3.2,3.09,3.22,3.22,3.21,3.44,3.25,3.16,2.99,3.27,3.3,3.37,3.62,3.95,3.65,3.48,3.6,3.9,4.45,5.0,5.24,4.89,4.6,4.84,5.25,6.76,7.51,6.94,6.47,6.22,10.04,9.19,8.34,8.47,8.0,7.75,7.77,7.64,9.0,9.11,8.19,8.0,7.73,7.95,7.7,7.85,7.01,7.19,7.03,6.77],"consensus":[-37.2093,100.0,-9.3023,44.3529,-22.1652,19.7099,13.1653,0.0,-32.8206,-37.398,0.0,-27.2333,-31.8051,-40.909,-48.6368,-21.0573,-14.5403,0.0,44.8355,-40.8612,0.0,-15.5582,-17.5701,32.8944,-18.7107,0.0,47.9408,32.1811,46.174,54.6451,-14.2549,-10.3723,-12.5146,-39.0227,0.0,-11.3696,-51.7569,0.0,0.0,-38.6773,-16.9145,-8.1375,-32.1371,0.0,0.0,0.0,33.3486,-13.7534,-11.8321,-25.1231,17.289,14.7077,18.1605,37.7374,56.7818,0.0,0.0,16.0913,29.2263,70.9748,63.7041,51.5367,12.2821,0.0,28.6064,33.9277,68.4248,72.8737,14.8632,10.1828,0.0,75.24,14.1458,0.0,39.9084,-13.1677,0.0,0.0,0.0,54.8235,33.2495,-19.9523,0.0,0.0,0.0,-18.2156,-13.5912,-64.6899,-28.044,-31.1055,-52.5189],"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":[-40.9707,-25.5813,-1.3523,-24.6939,0.0,0.0,0.0,28.2328,-16.9487,-12.457,-23.7007,19.5318,22.0026,16.1278,34.2998,49.5866,0.0,0.0,19.0183,28.6362,71.0572,53.9934,40.6027,2.8025,0.0,30.5368,41.2115,57.3812,72.0378,2.2904,3.7596,0.0,66.2695,1.8196,0.0,38.3736,-13.5459,0.0,0.0,0.0,58.3305,31.3816,-29.0828,0.0,0.0,0.0,-13.9068,-18.392,-61.2251,-24.9225,-22.0645,-56.2534],"force":[-39.6936,-0.6948,-4.3333,-40.0637,0.0,0.0,0.0,64.5495,-20.1161,-7.9625,-23.3893,48.0406,16.9845,23.8148,41.5451,76.6354,0.0,0.0,18.2669,38.1974,88.9485,78.1535,50.0801,23.2081,0.0,31.7441,17.6896,89.4776,77.7308,35.3993,29.6906,0.0,95.2554,32.6896,0.0,19.6312,-40.2763,0.0,0.0,0.0,60.3589,12.7996,-57.602,0.0,0.0,0.0,-15.7394,-8.4273,-90.5428,-9.084,-22.6841,-40.7308],"direction":[-35.3305,-19.5878,-27.8905,-34.9817,0.0,0.0,0.0,16.9087,-5.557,-13.8818,-27.9871,7.2397,4.7444,16.4448,38.9462,50.8237,0.0,0.0,11.1922,23.4929,58.0424,64.4811,65.0731,54.8717,0.0,24.1591,37.202,66.0084,70.3597,65.134,54.5981,0.0,71.1952,65.8459,0.0,56.1461,-6.6277,0.0,0.0,0.0,46.8617,49.9913,-17.3753,0.0,0.0,0.0,-24.9088,-11.793,-50.1834,-45.1543,-47.4533,-56.6709],"intensity":[48.7179,17.5,12.1951,92.8571,55.814,47.7273,2.2222,50.0,51.0638,22.9167,44.898,36.0,25.4902,19.2308,78.8462,73.0769,50.0,57.6923,9.6154,90.3846,84.6154,98.0769,36.5385,63.4615,76.9231,32.6923,92.3077,100.0,96.1538,80.7692,82.6923,78.8462,100.0,96.1538,90.3846,61.5385,61.5385,65.3846,3.8462,53.8462,90.3846,88.4615,84.6154,84.6154,61.5385,55.7692,25.0,19.2308,80.7692,59.6154,51.9231,26.9231],"confirmation":[80.3728,50.2255,26.2481,78.6389,4.3799,24.8215,2.7795,79.7004,49.8797,48.9921,76.0082,53.3133,49.998,74.0147,80.2444,86.8849,6.9536,2.6908,73.1709,77.6348,91.2585,88.9736,84.614,8.6275,32.0573,77.2203,78.251,90.7058,91.4804,10.9679,9.3918,4.8237,92.8235,10.7046,33.2233,80.1761,51.7813,25.3682,24.8185,26.0558,85.6588,78.0451,33.7664,24.0052,4.4149,25.8286,73.8192,72.1186,89.5415,76.4438,77.8349,84.3899],"persistence":[62.5,62.5,62.5,75.0,62.5,50.0,50.0,37.5,37.5,37.5,37.5,12.5,0.0,12.5,25.0,25.0,37.5,50.0,75.0,75.0,75.0,75.0,75.0,75.0,75.0,87.5,87.5,87.5,87.5,87.5,87.5,75.0,87.5,87.5,75.0,75.0,50.0,37.5,25.0,25.0,25.0,25.0,12.5,0.0,12.5,12.5,0.0,12.5,37.5,62.5,62.5,75.0],"assessmentRisk":[21.9801,12.976,24.0734,30.8245,5.8335,0.8901,2.3593,31.5591,15.3977,10.6247,32.5975,48.1132,8.1183,36.6023,31.1093,21.5785,47.4127,26.3396,13.1075,26.3476,14.3696,18.1471,24.2314,43.7835,26.4784,38.9287,15.3307,15.7487,13.5623,42.5356,43.7597,36.576,11.3107,40.828,41.8335,27.6545,40.0241,39.313,25.5987,32.8196,6.5421,24.0305,26.5889,13.7291,35.3303,45.9545,26.8677,7.7708,11.1538,30.4699,26.9634,22.0061],"volumeParticipation":true,"latest":{"consensus":-52.5,"control":-56.3,"force":-40.7,"direction":-56.7,"confirmation":84.4,"persistence":75.0,"assessmentRisk":22.0,"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":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-52.5","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-56.3","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-40.7","detail":"Downward 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