{"schema_version":"1.0","name":"INLG11 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"a79d1ff7-b153-40b9-b436-705027311430","symbol":"INLG11","name":"Inter Logistico Fundo De Investimento Imobiliario - FII","exchange":"SAO","country":"BR","asset_type":"equity","currency":"BRL","sector":"Real Estate","industry":"Reit - Diversified"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":1,"completedEpisodes":1,"activeEpisodes":0,"medianExpectedMove":10.5,"averageExpectedMove":10.5,"averageWeeksToLargestMove":12.0,"horizons":[{"weeks":4,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-7.3,"medianReturn":-7.3,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-10.5,"medianReturn":-10.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-2.2,"sample":1},{"week":2,"averageReturn":-2.3,"sample":1},{"week":3,"averageReturn":-4.8,"sample":1},{"week":4,"averageReturn":-7.3,"sample":1},{"week":5,"averageReturn":-3.2,"sample":1},{"week":6,"averageReturn":-5.3,"sample":1},{"week":7,"averageReturn":-3.4,"sample":1},{"week":8,"averageReturn":-6.0,"sample":1},{"week":9,"averageReturn":-8.1,"sample":1},{"week":10,"averageReturn":-8.1,"sample":1},{"week":11,"averageReturn":-8.9,"sample":1},{"week":12,"averageReturn":-10.5,"sample":1},{"week":13,"averageReturn":-11.8,"sample":1},{"week":14,"averageReturn":-13.5,"sample":1},{"week":15,"averageReturn":-13.5,"sample":1},{"week":16,"averageReturn":-13.7,"sample":1},{"week":17,"averageReturn":-11.0,"sample":1},{"week":18,"averageReturn":-10.0,"sample":1},{"week":19,"averageReturn":-11.4,"sample":1},{"week":20,"averageReturn":-12.0,"sample":1},{"week":21,"averageReturn":-13.3,"sample":1},{"week":22,"averageReturn":-13.7,"sample":1},{"week":23,"averageReturn":-14.4,"sample":1},{"week":24,"averageReturn":-16.4,"sample":1},{"week":25,"sample":0},{"week":26,"sample":0}]},"currentApplication":{"status":"Countertrend conflict","tone":"caution","headline":"Market Dynamics is repairing against a downward price structure","use":"The downside structure remains in place, but improving Market Dynamics weakens that case. A positive price response is needed to confirm the repair.","confirm":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Slightly stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price remains in a downward structure","detail":"Improving Market Dynamics has not yet produced a positive price response."}},"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":"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 2 cases. Distinct visits lasted 1.5 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 3.2% across 16 completed cases, with the largest move arriving after 5.1 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":"2025-03-07","price":58.102058}],"distribution_rollovers":[{"date":"2026-03-06","price":73.574104}],"price_pressure_gaps":[{"date":"2026-02-27","price":75.216728}]}},"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":[69.0202,69.1177,69.216,68.4378,68.0283,67.9709,67.1478,65.9071,66.1635,65.8905,64.8483,63.7787,62.617,61.9652,60.085,57.3807,54.7356,55.7666,59.1554,60.6893,60.0396,57.6975,57.4411,57.6035,58.243,57.4998,57.0417,57.5603,58.1021,58.1108,58.8798,58.8536,60.0622,60.0622,60.7247,65.141,65.7072,65.9304,67.2963,66.9213,67.4659,67.2674,63.8666,65.8963,67.944,67.5831,66.7719,67.5922,67.9477,67.6097,67.6004,67.4439,66.753,67.2412,66.5896,67.9765,69.2518,68.9725,69.6155,69.3992,69.6625,69.9164,69.7754,70.1267,70.3927,70.5731,70.4212,71.0542,70.8815,73.2794,74.7757,75.1193,74.2573,74.5769,74.7319,76.4172,76.0463,75.285,75.0508,75.2167,73.5741,73.4561,71.6069,69.7085,72.8204,71.2087,72.6435,70.7271,69.1437,69.1339,68.5049,67.2861,66.3524,65.0533,65.0831,64.9046,66.9177,67.67,66.6373,66.1914,65.2303,64.93,64.35,62.9],"consensus":[-11.7017,0.0,0.0,-29.6158,-27.8146,-18.8219,-40.4904,-57.074,-20.2204,-35.8306,-57.4108,-46.7429,-54.6238,-50.213,-75.7145,-81.3959,-76.4227,-26.9471,16.9235,26.8884,0.0,-41.1868,-35.2666,-20.6689,0.0,-36.4584,-38.6908,0.0,8.8082,0.0,30.1279,13.7867,52.9174,25.4486,49.7327,80.6585,51.5736,41.5209,67.0726,27.6623,54.3329,25.2509,-46.5227,42.5638,58.4993,11.6233,9.0374,41.7693,33.9961,9.564,20.4465,0.0,-18.1646,15.1651,-27.6504,42.6384,52.348,13.9757,42.9331,19.3936,25.4677,33.6237,12.8261,24.0321,28.9836,37.0864,17.2517,47.9582,0.0,53.771,73.575,40.7283,11.2805,33.4877,19.4139,63.2053,29.0245,0.0,8.8002,10.666,-45.4204,-20.4966,-66.1665,-76.2015,27.1541,-53.0907,23.3565,-46.5023,-64.0483,-33.7342,-58.8184,-70.0376,-72.0376,-67.0548,-27.3061,-55.6121,9.5846,10.9123,-20.9868,-28.3745,-53.7262,-46.8007,-52.5729,-72.6265],"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":[-14.9717,23.0744,-27.0779,40.2603,54.5986,6.13,44.5426,14.8885,28.6339,35.7244,13.814,21.2604,28.4993,47.1502,17.4962,45.5935,0.0,39.6508,76.261,36.6211,2.1524,30.0348,18.785,62.854,29.6181,0.0,6.9087,19.2311,-41.241,-14.0264,-64.692,-77.2881,35.6105,-55.4411,28.5279,-50.8722,-66.6296,-28.021,-62.9548,-73.0047,-71.6845,-71.1062,-9.2802,-60.8757,18.2159,7.0507,-35.3503,-44.5408,-54.4377,-49.7625,-53.113,-77.8775],"force":[-34.7087,17.6752,-46.0471,74.304,57.1291,9.7425,33.097,1.4556,12.2297,24.8151,5.3997,14.63,21.2422,23.7803,1.4722,62.6144,0.0,77.1056,87.5124,18.3699,34.818,19.8478,2.13,79.8812,2.5816,0.0,9.0702,2.5262,-72.3789,-15.3346,-81.5644,-87.5594,79.8962,-54.8579,47.8921,-71.6398,-63.5333,-9.4218,-45.7761,-69.8722,-77.5502,-53.1459,-5.3071,-28.2476,42.5854,24.5025,-10.4826,-19.8027,-54.5934,-30.4018,-46.8576,-78.164],"direction":[-9.9964,4.333,-15.1641,22.7379,46.3609,39.8838,48.1195,39.4346,31.3049,37.5148,24.7154,33.9154,35.0667,35.0893,30.3466,40.1918,0.0,53.2408,60.5499,61.3925,54.6402,47.1766,32.4783,51.6954,50.9219,0.0,23.7265,6.6914,-30.9407,-31.5781,-56.8532,-66.8468,20.1831,-49.1423,0.079,-23.5527,-61.466,-57.6296,-63.407,-66.7647,-68.5035,-72.3597,-71.2021,-69.1426,23.8517,5.6182,-12.0744,-16.0213,-52.2936,-55.1293,-56.038,-62.67],"intensity":[32.6923,17.3077,28.8462,67.3077,75.0,38.4615,23.0769,1.9231,9.6154,5.7692,26.9231,42.3077,3.8462,17.3077,15.3846,36.5385,46.1538,100.0,98.0769,71.1538,65.3846,17.3077,34.6154,84.6154,50.0,59.6154,59.6154,1.9231,82.6923,76.9231,84.6154,86.5385,92.3077,86.5385,69.2308,84.6154,90.3846,59.6154,34.6154,61.5385,71.1538,75.0,28.8462,25.0,90.3846,67.3077,61.5385,23.0769,61.5385,30.7692,53.8462,73.0769],"confirmation":[74.3655,50.1422,77.4175,82.6456,84.8628,5.9473,81.4143,51.2831,75.698,78.4591,50.0191,75.446,77.0462,79.3088,50.5936,83.8293,4.9948,86.133,91.9278,80.4142,9.7718,78.353,51.0286,88.7393,54.1996,30.576,4.2352,25.7012,83.4198,74.5002,89.665,92.7141,37.1402,85.0071,53.4932,83.5802,88.4404,78.1411,86.3614,90.3618,91.2254,88.9719,54.4842,84.8817,31.6963,26.6316,74.1768,76.5723,85.208,82.4313,84.6409,99.3292],"persistence":[62.5,62.5,37.5,37.5,37.5,37.5,37.5,50.0,75.0,75.0,100.0,100.0,100.0,100.0,100.0,100.0,87.5,87.5,87.5,87.5,87.5,87.5,87.5,87.5,100.0,87.5,87.5,87.5,62.5,37.5,12.5,12.5,12.5,25.0,25.0,50.0,50.0,50.0,50.0,50.0,75.0,75.0,100.0,100.0,75.0,50.0,50.0,50.0,50.0,50.0,50.0,50.0],"assessmentRisk":[26.9694,21.2723,18.3687,4.0439,23.5158,42.2946,28.5148,38.993,15.7628,28.3734,6.1414,29.174,27.0126,22.8706,32.1731,23.4857,37.4958,23.0827,13.212,29.6347,44.3427,29.8257,12.5142,14.0945,33.8857,31.8944,11.9327,48.2747,26.3193,36.6032,16.8206,11.898,38.9893,19.6745,18.96,52.4619,17.3722,27.7498,20.2648,14.1059,11.9506,16.1475,35.5185,19.0419,13.435,43.4025,54.4014,56.8855,20.4611,26.4063,23.181,13.6089],"volumeParticipation":true,"latest":{"consensus":-72.6,"control":-77.9,"force":-78.2,"direction":-62.7,"confirmation":99.3,"persistence":50.0,"assessmentRisk":13.6,"intensity":73.1,"evidenceDepth":100},"analysis":{"status":"Joint 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":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-72.6","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-77.9","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-78.2","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction 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