{"schema_version":"1.0","name":"ALBLD Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"96613d8b-6d71-44c9-85d4-94b9935bec97","symbol":"ALBLD","name":"Bilendi SA","exchange":"PAR","country":"FR","asset_type":"equity","currency":"EUR","sector":"Communication Services","industry":"Advertising Agencies"},"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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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":1.4,"sample":20},{"week":2,"averageReturn":1.0,"sample":20},{"week":3,"averageReturn":3.2,"sample":20},{"week":4,"averageReturn":3.1,"sample":20},{"week":5,"averageReturn":1.1,"sample":19},{"week":6,"averageReturn":4.0,"sample":19},{"week":7,"averageReturn":3.2,"sample":19},{"week":8,"averageReturn":2.4,"sample":19},{"week":9,"averageReturn":3.6,"sample":19},{"week":10,"averageReturn":5.8,"sample":19},{"week":11,"averageReturn":6.4,"sample":19},{"week":12,"averageReturn":4.9,"sample":19},{"week":13,"averageReturn":4.0,"sample":19},{"week":14,"averageReturn":3.6,"sample":19},{"week":15,"averageReturn":4.2,"sample":18},{"week":16,"averageReturn":5.6,"sample":18},{"week":17,"averageReturn":5.9,"sample":18},{"week":18,"averageReturn":4.5,"sample":18},{"week":19,"averageReturn":2.9,"sample":18},{"week":20,"averageReturn":1.4,"sample":18},{"week":21,"averageReturn":1.4,"sample":18},{"week":22,"averageReturn":2.1,"sample":18},{"week":23,"averageReturn":-0.8,"sample":18},{"week":24,"averageReturn":0.6,"sample":18},{"week":25,"averageReturn":1.0,"sample":18},{"week":26,"averageReturn":0.3,"sample":18}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":16.2,"averageExpectedMove":16.2,"averageWeeksToLargestMove":10.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-7.0,"medianReturn":-7.0,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-12.8,"medianReturn":-12.8,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-21.8,"medianReturn":-21.8,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-3.4,"sample":2},{"week":2,"averageReturn":-3.8,"sample":2},{"week":3,"averageReturn":-5.3,"sample":2},{"week":4,"averageReturn":-7.0,"sample":2},{"week":5,"averageReturn":-5.5,"sample":2},{"week":6,"averageReturn":-10.3,"sample":2},{"week":7,"averageReturn":-4.6,"sample":2},{"week":8,"averageReturn":-8.7,"sample":2},{"week":9,"averageReturn":-13.8,"sample":2},{"week":10,"averageReturn":-10.1,"sample":2},{"week":11,"averageReturn":-13.0,"sample":2},{"week":12,"averageReturn":-12.8,"sample":2},{"week":13,"averageReturn":-14.6,"sample":2},{"week":14,"averageReturn":-12.0,"sample":2},{"week":15,"averageReturn":-14.7,"sample":2},{"week":16,"averageReturn":-18.4,"sample":2},{"week":17,"averageReturn":-16.0,"sample":2},{"week":18,"averageReturn":-20.9,"sample":2},{"week":19,"averageReturn":-20.2,"sample":2},{"week":20,"averageReturn":-20.5,"sample":2},{"week":21,"averageReturn":-21.3,"sample":2},{"week":22,"averageReturn":-17.6,"sample":2},{"week":23,"averageReturn":-20.8,"sample":2},{"week":24,"averageReturn":-23.2,"sample":2},{"week":25,"averageReturn":-24.1,"sample":2},{"week":26,"averageReturn":-21.8,"sample":2}]},"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":"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":61.1,"averageReturn":-3.6,"sample":18},"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, 61.1% of comparable cases moved lower after 12 weeks, with an average move of -3.6% across 18 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 100.0% of completed 12-week outcomes were lower across 2 cases. Distinct visits lasted 1.5 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.","watch":"A sustained repair in price and Market Dynamics invalidates the downside setup."},{"eyebrow":"Disagreement playbook","title":"Use improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 17.0% across 19 completed cases, with the largest move arriving after 6.0 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[],"distribution_rollovers":[{"date":"2025-07-18","price":22.799999}],"price_pressure_gaps":[{"date":"2025-05-16","price":23.4},{"date":"2025-07-04","price":23.9}]}},"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":[16.95,17.05,16.05,15.25,14.5,14.45,15.5,15.75,16.3,16.55,15.4,15.0,13.8,13.05,13.7,12.75,14.4,16.8,17.5,19.05,17.75,18.9,17.8,18.0,20.3,20.9,20.5,21.0,19.9,19.8,19.6,20.4,19.35,18.65,18.8,18.9,18.898,19.792,23.4,22.0,22.7,22.6,22.3,22.4,22.1,23.9,23.7,22.8,22.2,21.7,22.3,20.3,21.2,19.45,17.9,20.3,19.4,18.9,20.1,20.4,20.9,20.7,19.4,18.0,18.85,17.45,16.8,18.05,16.7,16.9,17.9,18.15,16.9,16.45,16.45,15.35,14.45,13.9,14.95,14.05,13.8,14.1,13.7,13.55,14.7,14.7,15.48,15.3,15.1,14.1,14.02,13.8,13.94,15.1,15.2,16.06,16.5,15.84,15.88,15.06,14.16,13.5,13.1,12.8],"consensus":[-20.8401,0.0,-65.6226,-70.0385,-71.6839,-46.2119,10.1888,8.023,32.4249,20.5786,-47.4675,-45.9297,-73.902,-60.6964,-9.807,-67.8756,28.8981,67.0711,58.4631,74.2411,0.0,67.0871,0.0,18.8484,76.6052,53.1859,21.9147,47.9378,0.0,0.0,0.0,36.2094,-26.85,-13.4637,0.0,0.0,-13.8142,37.2344,49.3496,0.0,39.1642,20.4628,0.0,30.583,0.0,57.6592,18.2852,-9.5785,-12.427,-27.903,0.0,-55.9361,0.0,-60.796,-63.6602,28.4131,-35.8304,-28.6518,27.5035,0.0,12.9572,0.0,-45.7808,-58.9894,0.0,-60.302,-45.8381,14.4873,-58.8407,-15.4834,17.594,0.0,-41.4519,-35.644,-22.9931,-57.7844,-57.2944,-55.3266,0.0,-53.8972,-24.9956,-12.7605,-36.9018,-28.7537,22.883,0.0,27.1426,14.0511,0.0,-35.7234,-22.0394,-28.5973,-16.8437,27.4736,30.5164,31.8047,35.6458,0.0,23.4554,-24.8372,-45.2063,-47.0368,-49.0341,-45.0344],"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":[0.0,-63.6605,-55.0731,32.6394,-31.7828,-28.0897,21.1768,0.0,1.8766,0.0,-42.9073,-52.8367,0.0,-56.901,-44.3977,19.5232,-58.6603,-13.6038,19.8295,0.0,-53.1994,-41.9532,-17.8207,-56.1497,-54.5842,-54.0312,0.0,-51.0741,-22.0502,-16.3379,-37.6431,-31.3187,19.3689,0.0,18.5614,8.151,0.0,-34.0415,-20.6914,-29.3542,-15.5967,26.8778,34.8223,24.0741,27.4876,0.0,21.1856,-23.4896,-36.4694,-45.1521,-52.3617,-45.6655],"force":[0.0,-67.5393,-78.8135,84.5826,-33.5454,-18.376,66.9343,0.0,22.846,0.0,-79.5338,-84.2603,0.0,-77.6359,-36.1486,54.683,-71.995,-9.1286,39.2532,0.0,-50.0351,-28.3145,-5.5222,-65.2947,-60.8555,-51.5254,0.0,-67.118,-6.5679,-10.3447,-27.6984,-17.086,53.5395,0.0,38.4792,6.8205,0.0,-59.5528,-15.2135,-23.4747,-6.6744,28.2872,21.5601,18.2854,21.4053,0.0,14.5215,-42.4238,-69.651,-50.9944,-41.2258,-33.484],"direction":[0.0,-52.7056,-62.6504,16.5381,-42.0883,-36.6341,6.5691,0.0,18.5573,0.0,-24.9556,-47.9704,0.0,-51.8075,-54.4053,19.9793,-49.6509,-35.2115,0.4316,0.0,-21.8953,-33.6689,-41.3838,-54.2881,-57.8482,-59.5222,0.0,-47.6802,-41.5246,-25.1758,-42.6285,-34.1564,5.0017,0.0,28.852,25.9588,0.0,-20.6245,-28.4556,-31.3913,-25.5326,27.5734,31.9926,50.2965,55.1413,0.0,32.4307,-13.8155,-37.7308,-46.3638,-50.8085,-52.5635],"intensity":[38.4615,76.9231,94.2308,88.4615,30.7692,28.8462,63.4615,69.2308,75.0,44.2308,65.3846,67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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":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-45.0","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-45.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-33.5","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-52.6","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"90/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"34.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"9.6%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"14.6","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"4%","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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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}