{"schema_version":"1.0","name":"WTC Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"9c9b4657-d7ab-4091-b5c6-3d478a476cb0","symbol":"WTC","name":"WiseTech Global Limited","exchange":"ASX","country":"AU","asset_type":"equity","currency":"AUD","sector":"Technology","industry":"Software - Application"},"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, Strength versus the research benchmark, Drawdown and recovery pressure, Directional strength and control, Acceleration, deceleration and rollover, Range position and boundary pressure."},{"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 strengthened this week and remains positive. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":10,"completedEpisodes":9,"activeEpisodes":1,"medianExpectedMove":10.0,"averageExpectedMove":12.3,"averageWeeksToLargestMove":6.2,"horizons":[{"weeks":4,"sample":10,"expectedCount":6,"expectedPercent":60.0,"averageReturn":3.2,"medianReturn":3.1,"confidenceLow":31.3,"confidenceHigh":83.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":9,"expectedCount":4,"expectedPercent":44.4,"averageReturn":-2.8,"medianReturn":-0.1,"confidenceLow":18.9,"confidenceHigh":73.3,"confidence":"Mixed historical record"},{"weeks":26,"sample":8,"expectedCount":4,"expectedPercent":50.0,"averageReturn":1.0,"medianReturn":6.3,"confidenceLow":21.5,"confidenceHigh":78.5,"confidence":"Mixed historical 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":4,"completedEpisodes":4,"activeEpisodes":0,"medianExpectedMove":22.1,"averageExpectedMove":22.9,"averageWeeksToLargestMove":9.5,"horizons":[{"weeks":4,"sample":4,"expectedCount":3,"expectedPercent":75.0,"averageReturn":-7.4,"medianReturn":-2.7,"confidenceLow":30.1,"confidenceHigh":95.4,"confidence":"Mixed historical record"},{"weeks":12,"sample":4,"expectedCount":4,"expectedPercent":100.0,"averageReturn":-18.3,"medianReturn":-17.5,"confidenceLow":51.0,"confidenceHigh":100.0,"confidence":"Historically consistent"},{"weeks":26,"sample":4,"expectedCount":4,"expectedPercent":100.0,"averageReturn":-14.1,"medianReturn":-13.1,"confidenceLow":51.0,"confidenceHigh":100.0,"confidence":"Historically consistent"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":3.6,"sample":4},{"week":2,"averageReturn":-3.8,"sample":4},{"week":3,"averageReturn":-2.4,"sample":4},{"week":4,"averageReturn":-7.4,"sample":4},{"week":5,"averageReturn":-7.8,"sample":4},{"week":6,"averageReturn":-9.6,"sample":4},{"week":7,"averageReturn":-11.6,"sample":4},{"week":8,"averageReturn":-17.9,"sample":4},{"week":9,"averageReturn":-18.2,"sample":4},{"week":10,"averageReturn":-17.5,"sample":4},{"week":11,"averageReturn":-18.6,"sample":4},{"week":12,"averageReturn":-18.3,"sample":4},{"week":13,"averageReturn":-22.7,"sample":4},{"week":14,"averageReturn":-21.9,"sample":4},{"week":15,"averageReturn":-22.5,"sample":4},{"week":16,"averageReturn":-28.3,"sample":4},{"week":17,"averageReturn":-26.2,"sample":4},{"week":18,"averageReturn":-28.0,"sample":4},{"week":19,"averageReturn":-25.2,"sample":4},{"week":20,"averageReturn":-26.4,"sample":4},{"week":21,"averageReturn":-24.8,"sample":4},{"week":22,"averageReturn":-21.0,"sample":4},{"week":23,"averageReturn":-21.2,"sample":4},{"week":24,"averageReturn":-18.3,"sample":4},{"week":25,"averageReturn":-15.6,"sample":4},{"week":26,"averageReturn":-14.1,"sample":4}]},"currentApplication":{"status":"Underlying strength ahead of price","tone":"caution","headline":"Underlying strength is leading price","use":"A positive price response is needed before the early upside case is confirmed.","confirm":"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.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"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.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":44.4,"averageReturn":-2.8,"sample":9},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"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."}},"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":"Early repair watch","title":"Prepare the case before price confirms the recovery","tone":"recovery","approach":"Use the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.","finding":"In this ticker's completed record, 44.4% of comparable cases moved higher after 12 weeks, with an average move of -2.8% across 9 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, 80.0% of completed 12-week outcomes were lower across 5 cases. Distinct visits lasted 3.2 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 12.3% across 9 completed cases, with the largest move arriving after 6.2 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":[{"date":"2026-08-14","price":43.380001}],"distribution_rollovers":[{"date":"2024-10-25","price":111.496727},{"date":"2024-11-22","price":121.192955},{"date":"2024-12-13","price":120.87439},{"date":"2025-01-17","price":116.543945},{"date":"2025-02-21","price":121.15313}],"price_pressure_gaps":[{"date":"2024-11-08","price":126.518913},{"date":"2024-11-29","price":127.524384},{"date":"2025-01-03","price":124.020195},{"date":"2025-01-31","price":123.253654}]}},"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":[119.511,118.2477,122.2681,130.4512,131.1281,134.5427,129.9435,132.0738,121.9296,111.4967,117.9675,126.5189,134.1246,121.193,127.5244,130.7797,120.8744,120.7848,121.4916,124.0202,124.956,116.5439,119.6897,123.2537,129.3163,123.5125,121.1531,89.0978,88.3114,84.7039,84.2255,79.7899,74.5869,83.8766,81.7336,86.2987,94.6914,95.8974,101.1703,99.725,106.8019,105.1772,105.0476,106.8916,108.3568,111.7358,111.7956,114.8058,119.7696,115.962,114.6962,115.2444,112.2242,101.4593,93.2561,94.7379,96.1051,93.9395,90.0774,85.4567,82.0636,85.3969,68.9801,66.0361,64.7787,65.6269,72.8722,73.1716,70.8264,70.038,68.6308,68.4113,66.8744,66.8844,61.7648,57.8826,47.5037,42.5338,47.0047,47.4438,52.6133,47.57,42.84,38.36,37.88,37.63,46.18,44.44,43.73,42.27,38.01,37.09,36.01,39.81,37.5,36.88,31.55,32.96,34.0,34.95,30.02,36.3,40.98,43.38],"consensus":[71.7065,30.7098,62.7331,76.3152,39.4984,63.5074,0.0,38.9059,-34.2654,-36.2621,20.4243,39.3472,61.5198,-25.691,46.2686,31.8054,-43.1967,0.0,-10.3349,9.3411,0.0,-44.0127,0.0,16.5636,41.1886,-9.295,-17.6749,-81.432,-51.1019,-59.6704,-44.8755,-68.2351,-66.1914,8.4278,-42.0866,9.5579,37.7099,20.5624,39.2856,12.5219,55.0154,15.3002,16.2281,32.4316,30.255,46.1032,20.2817,49.9402,58.8729,0.0,15.5698,20.6148,-20.8375,-55.8336,-68.3471,-27.9979,-26.11,-41.7731,-55.0462,-64.3716,-65.0622,-12.2353,-83.5517,-67.2925,-58.7738,-34.7548,16.0945,-9.895,-32.6049,-9.903,-33.2184,-23.9778,-34.6279,-26.0902,-61.439,-63.6577,-80.2707,-73.9044,-15.6819,-30.4146,24.0446,-41.7821,-58.0924,-63.3797,-36.5461,-42.7326,33.1387,-10.6742,0.0,-20.9234,-48.9859,-40.4689,-42.5609,-10.4952,-21.1804,-17.6565,-34.6957,-17.629,-27.2048,0.0,-58.4344,39.105,53.6901,52.9254],"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":[-20.5591,-45.2266,-67.0622,-24.1468,-23.9015,-38.8166,-56.9012,-64.7933,-67.4114,-0.4376,-84.1817,-69.8311,-61.642,-25.8997,14.122,-17.7565,-50.8263,-12.7147,-33.0908,-20.4106,-36.5886,-28.3181,-67.2082,-72.4093,-83.8421,-72.4636,-9.8309,-25.0926,19.7359,-54.3524,-62.7519,-65.8652,-32.1359,-44.9045,31.3825,-22.6429,0.0,-36.79,-50.5716,-47.2189,-49.3236,-13.6539,-28.1723,-24.6165,-31.1792,-10.2702,-32.7049,0.0,-67.1608,31.9121,48.8362,52.9419],"force":[-45.9009,-88.1813,-85.4758,-5.9441,-8.0884,-33.042,-60.6313,-66.9686,-59.2018,-33.8346,-99.1041,-55.1936,-35.3622,-0.0718,79.3789,-11.2471,-22.424,-8.3841,-21.0951,-5.2378,-22.8107,-7.9807,-66.6169,-58.6862,-95.0715,-84.3432,-41.2234,-0.0309,81.7833,-51.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Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+52.9","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+52.9","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+48.4","detail":"Upward 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