{"schema_version":"1.0","name":"CAM Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"b1431f66-1dd1-4a83-aa2e-103c054c5ca6","symbol":"CAM","name":"Camellia Plc","exchange":"LSE","country":"GB","asset_type":"equity","currency":"GBP","sector":"Consumer Defensive","industry":"Farm Products"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","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, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, Drawdown and recovery pressure, Strength versus the research benchmark, 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":"Aligned upward","stateTone":"positive","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","evidenceAlignment":{"status":"Price ahead of underlying support","headline":"The upward price response is leading Market Dynamics","summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. The upward price structure is leading its underlying support.","take":"Treat the gap as an early-downside risk watch. Stronger Market Dynamics would confirm the price move; a weaker price response would confirm that the gap is closing through 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":24,"completedEpisodes":24,"activeEpisodes":0,"medianExpectedMove":2.9,"averageExpectedMove":8.1,"averageWeeksToLargestMove":5.3,"horizons":[{"weeks":4,"sample":24,"expectedCount":12,"expectedPercent":50.0,"averageReturn":1.6,"medianReturn":0.0,"confidenceLow":31.4,"confidenceHigh":68.6,"confidence":"Mixed historical record"},{"weeks":12,"sample":24,"expectedCount":11,"expectedPercent":45.8,"averageReturn":-1.1,"medianReturn":-0.9,"confidenceLow":27.9,"confidenceHigh":64.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":21,"expectedCount":7,"expectedPercent":33.3,"averageReturn":-3.4,"medianReturn":-6.8,"confidenceLow":17.2,"confidenceHigh":54.6,"confidence":"Mixed historical 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.8,"sample":1},{"week":2,"averageReturn":-0.4,"sample":1},{"week":3,"averageReturn":-0.4,"sample":1},{"week":4,"averageReturn":-0.8,"sample":1},{"week":5,"averageReturn":-0.8,"sample":1},{"week":6,"averageReturn":-0.8,"sample":1},{"week":7,"averageReturn":-4.2,"sample":1},{"week":8,"averageReturn":-10.0,"sample":1},{"week":9,"averageReturn":-10.5,"sample":1},{"week":10,"averageReturn":-15.0,"sample":1},{"week":11,"averageReturn":-16.1,"sample":1},{"week":12,"averageReturn":-14.6,"sample":1},{"week":13,"averageReturn":-17.3,"sample":1},{"week":14,"averageReturn":-16.2,"sample":1},{"week":15,"averageReturn":-16.7,"sample":1},{"week":16,"averageReturn":-15.5,"sample":1},{"week":17,"averageReturn":-16.9,"sample":1},{"week":18,"averageReturn":-18.0,"sample":1},{"week":19,"averageReturn":-18.3,"sample":1},{"week":20,"averageReturn":-17.6,"sample":1},{"week":21,"averageReturn":-18.0,"sample":1},{"week":22,"averageReturn":-16.5,"sample":1},{"week":23,"averageReturn":-17.7,"sample":1},{"week":24,"averageReturn":-15.6,"sample":1},{"week":25,"averageReturn":-17.3,"sample":1},{"week":26,"averageReturn":-19.2,"sample":1}]},"currentApplication":{"status":"Price ahead of underlying support","tone":"caution","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"Treat the gap as an early-downside risk watch. Stronger Market Dynamics would confirm the price move; a weaker price response would confirm that the gap is closing through correction.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","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":68.8,"averageReturn":-3.5,"sample":16},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"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, 68.8% of comparable cases moved lower after 12 weeks, with an average move of -3.5% across 16 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 3 cases. Distinct visits lasted 3.0 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 unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 7.7% across 16 completed cases, with the largest move arriving after 7.2 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":"2024-08-09","price":4488.045898},{"date":"2025-05-23","price":5247.715332}],"distribution_rollovers":[{"date":"2025-08-22","price":5700.0},{"date":"2025-11-07","price":5725.0}],"price_pressure_gaps":[{"date":"2025-09-19","price":5975.0}]}},"smTape":{"available":true,"dates":["2024-08-09","2024-08-16","2024-08-23","2024-08-30","2024-09-06","2024-09-13","2024-09-20","2024-09-27","2024-10-04","2024-10-11","2024-10-25","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","2025-05-09","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":[4488.0459,4588.0024,4538.0244,4588.0024,4268.1416,4368.0981,4318.1201,4318.1201,4348.1069,4368.0981,4448.0635,4458.0591,4458.0591,4468.0547,4338.1113,4428.0723,4817.9023,4947.8457,4907.8633,4847.8896,4757.9287,4857.8853,4817.9023,4767.9243,4857.8853,4707.9502,4707.9502,4707.9502,4657.9722,4627.9854,4647.9766,4637.981,4627.9854,4468.0547,4248.1504,4088.2202,4218.1636,4977.833,5072.7915,5247.7153,5272.7046,5497.6064,5522.5957,5572.5737,5697.5195,5550.0,5700.0,5700.0,5700.0,5700.0,5775.0,5900.0,5700.0,5775.0,5725.0,5850.0,5975.0,5925.0,5950.0,5950.0,5925.0,5925.0,5925.0,5725.0,5375.0,5350.0,5080.0,5015.0,5100.0,4940.0,5005.0,4980.0,5050.0,4965.0,4900.0,4880.0,4925.0,4900.0,4990.0,4920.0,5045.0,4940.0,4830.0,4920.0,4880.0,4910.0,5725.0,5850.0,6072.1919,5622.3999,5647.3882,5572.4229,5547.4346,5245.7776,5317.311,5245.7776,5341.1557,5450.0,5500.0,5550.0,5300.0,5450.0,5750.0,5775.0],"consensus":[29.9287,44.7547,0.0,27.8099,-48.3282,0.0,-34.6029,-20.3021,0.0,0.0,25.9556,13.9337,12.4748,17.2474,-28.8431,16.3656,62.4337,57.0982,20.1878,29.1658,0.0,30.388,0.0,0.0,41.4434,-25.1344,-11.2042,0.0,-25.2535,-17.9189,-11.0779,-11.9826,0.0,-56.4728,-63.0628,-73.742,0.0,71.9186,58.162,53.1736,49.5021,75.4153,49.6407,49.0879,56.6739,0.0,46.5175,29.1776,23.6046,20.0025,35.6221,46.5337,-10.0646,21.902,0.0,25.3613,40.6661,12.6278,17.7442,18.6144,8.3368,8.3058,0.0,-36.2045,-59.8014,-27.5344,-57.5332,-41.8269,-14.0366,-50.8794,-19.9213,-36.2022,-9.9796,-28.2271,-41.3083,-31.1969,-14.4132,-24.8468,9.7725,-25.1398,8.3657,-16.9044,-37.5707,10.0982,-18.095,0.0,67.2347,53.6216,63.7746,-9.7322,23.952,0.0,0.0,-34.5284,0.0,-23.2175,-15.1887,22.7112,23.8788,24.7178,-31.0348,10.8135,53.7612,23.1341],"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":[-14.6479,24.4818,0.0,30.4329,44.3175,8.7302,13.6159,19.6612,12.5504,10.718,0.0,-37.5823,-50.9763,-17.0211,-46.8987,-38.8114,-1.3137,-52.7934,-17.1529,-44.8578,-3.7736,-31.5521,-48.9043,-33.1013,-8.8777,-26.2583,9.8184,-28.457,4.1119,-22.3648,-37.0823,10.5839,-14.0086,0.0,55.3755,43.661,53.7964,-22.704,29.034,0.0,0.0,-25.7257,0.0,-21.1282,-18.2831,20.4084,27.2059,20.5546,-32.0772,13.2131,54.0992,20.2101],"force":[-39.8162,13.4366,0.0,28.9006,34.6527,4.24,4.6788,11.3245,1.8481,3.2639,0.0,-49.1658,-83.4063,-9.3874,-69.1384,-18.9657,-14.1956,-35.8719,-7.8866,-17.7994,-13.3064,-18.766,-27.912,-14.7277,-6.0371,-15.2523,30.8474,-35.7321,15.3523,-20.4299,-47.9139,35.6693,-17.9302,0.0,93.9616,53.8912,73.486,-72.1083,15.2905,0.0,0.0,-57.3594,0.0,-20.6643,-10.8088,32.8352,21.9639,24.3921,-52.8773,16.7187,72.7438,6.0589],"direction":[-16.4246,25.0003,0.0,17.037,40.7885,29.1306,31.7945,22.6249,8.156,9.1504,0.0,-25.3718,-53.0264,-52.5117,-61.3976,-61.6025,-51.7456,-59.4115,-42.9479,-39.4549,-33.7051,-31.1849,-42.196,-40.784,-35.347,-30.0868,5.3333,-13.7826,8.2366,-8.1457,-30.7409,8.722,-22.8828,0.0,61.6976,64.8125,68.2416,-49.647,24.3308,0.0,0.0,-28.2807,0.0,-27.4291,-14.7808,18.1117,21.4443,29.7084,-14.2416,3.8531,39.816,38.6723],"intensity":[78.8462,65.3846,11.5385,78.8462,55.7692,11.5385,13.4615,15.3846,17.3077,19.2308,3.8462,80.7692,96.1538,82.6923,84.6154,30.7692,61.5385,67.3077,32.6923,30.7692,36.5385,48.0769,38.4615,11.5385,36.5385,9.6154,51.9231,53.8462,57.6923,48.0769,48.0769,59.6154,30.7692,7.6923,100.0,98.0769,82.6923,92.3077,96.1538,32.6923,11.5385,86.5385,40.3846,34.6154,71.1538,71.1538,25.0,51.9231,86.5385,80.7692,88.4615,61.5385],"confirmation":[30.2281,74.7113,2.6521,76.1462,80.7743,49.8241,50.6762,73.7185,47.7391,47.8008,1.462,79.9595,87.9903,76.4181,86.9264,80.7338,7.1739,83.7949,52.5853,78.892,5.4171,76.6937,80.6946,77.4521,50.6946,75.637,50.2399,76.317,48.2881,73.4336,80.3453,28.5307,73.8476,24.7076,90.5104,85.3189,88.8559,38.0757,75.3232,4.3746,2.9233,79.879,5.2489,75.3836,72.6798,75.6112,75.5322,75.9632,78.5809,48.9371,85.777,37.6275],"persistence":[62.5,75.0,62.5,62.5,62.5,62.5,62.5,62.5,87.5,87.5,87.5,62.5,37.5,12.5,12.5,37.5,62.5,87.5,100.0,100.0,100.0,100.0,100.0,100.0,100.0,100.0,75.0,75.0,50.0,50.0,50.0,25.0,25.0,12.5,12.5,12.5,12.5,12.5,37.5,25.0,37.5,25.0,12.5,12.5,37.5,12.5,12.5,0.0,12.5,12.5,25.0,50.0],"assessmentRisk":[5.0323,18.4242,24.4877,35.1257,29.0926,38.2506,40.317,31.5183,29.8894,4.1529,15.1263,30.6346,20.0762,36.2241,21.233,29.0839,41.4954,24.438,16.3654,4.552,13.2912,23.6236,13.0835,17.1953,30.6503,17.2755,30.7337,37.0772,40.877,31.0627,29.7532,5.0491,39.4818,17.3733,16.3405,23.1606,18.1096,54.3447,25.9386,38.8169,47.0285,26.0616,41.2841,29.3872,23.5636,19.5906,16.5448,34.6322,4.3285,5.4067,19.3848,33.3375],"volumeParticipation":true,"latest":{"consensus":23.1,"control":20.2,"force":6.1,"direction":38.7,"confirmation":37.6,"persistence":50.0,"assessmentRisk":33.3,"intensity":61.5,"evidenceDepth":100},"analysis":{"status":"Price structure has stronger support","headline":"The gauges support the price-technical view","summary":"Price structure and Market Dynamics disagree. The completed evidence gives the upward price structure stronger support.","take":"Current assessment: price structure remains primary, but the disagreement lowers confirmation.","tone":"positive","supportedView":"Price structure","direction":"upward","disagreement":true},"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":"Developing","confirmationState":"Limited support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+23.1","detail":"Price structure has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+20.2","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+6.1","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction 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