{"schema_version":"1.0","name":"WM Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"b2885e9f-53c2-4c63-b8a0-319c1913a3ae","symbol":"WM","name":"Waste Management Inc","exchange":"NYSE","country":"US","asset_type":"equity","currency":"USD","sector":"Industrials","industry":"Waste Management"},"summary":"Market Dynamics eased this week but remains positive. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. 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, Range pressure and compression, Range position and boundary pressure, Activity pressure and cumulative balance, Drawdown and recovery 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 eased this week but remains positive. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. Price structure remains rotational.","evidenceAlignment":{"status":"Positive support; price rotational","headline":"Market Dynamics is positive while price has no clear direction","summary":"Market Dynamics eased this week but remains positive. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":15,"completedEpisodes":14,"activeEpisodes":1,"medianExpectedMove":3.5,"averageExpectedMove":4.1,"averageWeeksToLargestMove":7.1,"horizons":[{"weeks":4,"sample":14,"expectedCount":6,"expectedPercent":42.9,"averageReturn":-1.0,"medianReturn":-1.1,"confidenceLow":21.4,"confidenceHigh":67.4,"confidence":"Mixed historical record"},{"weeks":12,"sample":14,"expectedCount":6,"expectedPercent":42.9,"averageReturn":-0.6,"medianReturn":-1.1,"confidenceLow":21.4,"confidenceHigh":67.4,"confidence":"Mixed historical record"},{"weeks":26,"sample":13,"expectedCount":5,"expectedPercent":38.5,"averageReturn":-1.3,"medianReturn":-3.0,"confidenceLow":17.7,"confidenceHigh":64.5,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.4,"sample":15},{"week":2,"averageReturn":-0.1,"sample":15},{"week":3,"averageReturn":-0.4,"sample":14},{"week":4,"averageReturn":-1.0,"sample":14},{"week":5,"averageReturn":-1.0,"sample":14},{"week":6,"averageReturn":-2.1,"sample":14},{"week":7,"averageReturn":-1.4,"sample":14},{"week":8,"averageReturn":-1.5,"sample":14},{"week":9,"averageReturn":-2.8,"sample":14},{"week":10,"averageReturn":-1.8,"sample":14},{"week":11,"averageReturn":-0.7,"sample":14},{"week":12,"averageReturn":-0.6,"sample":14},{"week":13,"averageReturn":0.0,"sample":14},{"week":14,"averageReturn":0.2,"sample":14},{"week":15,"averageReturn":0.9,"sample":14},{"week":16,"averageReturn":-0.2,"sample":14},{"week":17,"averageReturn":-1.0,"sample":14},{"week":18,"averageReturn":-1.3,"sample":14},{"week":19,"averageReturn":-1.5,"sample":14},{"week":20,"averageReturn":-1.4,"sample":14},{"week":21,"averageReturn":-1.3,"sample":13},{"week":22,"averageReturn":-1.3,"sample":13},{"week":23,"averageReturn":-0.7,"sample":13},{"week":24,"averageReturn":-0.6,"sample":13},{"week":25,"averageReturn":-1.1,"sample":13},{"week":26,"averageReturn":-1.3,"sample":13}]}},"pricePressureGap":{"label":"Price elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":2,"completedEpisodes":1,"activeEpisodes":1,"medianExpectedMove":5.9,"averageExpectedMove":5.9,"averageWeeksToLargestMove":6.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-5.6,"medianReturn":-5.6,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-5.5,"medianReturn":-5.5,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":1,"expectedCount":1,"expectedPercent":100.0,"averageReturn":-8.9,"medianReturn":-8.9,"confidenceLow":20.7,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.9,"sample":2},{"week":2,"averageReturn":-3.4,"sample":2},{"week":3,"averageReturn":-4.1,"sample":2},{"week":4,"averageReturn":-5.6,"sample":2},{"week":5,"averageReturn":-5.4,"sample":1},{"week":6,"averageReturn":-5.9,"sample":1},{"week":7,"averageReturn":-5.3,"sample":1},{"week":8,"averageReturn":-4.4,"sample":1},{"week":9,"averageReturn":-4.7,"sample":1},{"week":10,"averageReturn":-2.1,"sample":1},{"week":11,"averageReturn":-5.5,"sample":1},{"week":12,"averageReturn":-5.5,"sample":1},{"week":13,"averageReturn":-5.7,"sample":1},{"week":14,"averageReturn":-8.4,"sample":1},{"week":15,"averageReturn":-8.8,"sample":1},{"week":16,"averageReturn":-9.5,"sample":1},{"week":17,"averageReturn":-8.6,"sample":1},{"week":18,"averageReturn":-8.1,"sample":1},{"week":19,"averageReturn":-8.4,"sample":1},{"week":20,"averageReturn":-9.9,"sample":1},{"week":21,"averageReturn":-10.3,"sample":1},{"week":22,"averageReturn":-16.5,"sample":1},{"week":23,"averageReturn":-15.6,"sample":1},{"week":24,"averageReturn":-12.6,"sample":1},{"week":25,"averageReturn":-9.5,"sample":1},{"week":26,"averageReturn":-8.9,"sample":1}]},"currentApplication":{"status":"Positive support; price rotational","tone":"caution","headline":"Market Dynamics is positive while price remains rotational","use":"Treat the improvement as context until price establishes a clear response.","confirm":"The underlying condition is constructive, but a positive price response is still required.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"weakening","zone":"middle","zoneContext":"Market Dynamics remains positive and has strengthened across the recent completed path. A slight weekly pause does not yet change the broader constructive reading.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":42.9,"averageReturn":-0.6,"sample":14},"nowContext":{"label":"Easier this week","detail":"Market Dynamics eased this week but remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"priceContext":{"label":"Price has no clear direction","detail":"Price remains rotational while the Market Dynamics condition develops."}},"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, 42.9% of comparable cases moved higher after 12 weeks, with an average move of -0.6% across 14 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 2.0 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 improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 4.1% across 14 completed cases, with the largest move arriving after 7.1 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":"2025-06-06","price":232.610859},{"date":"2026-03-20","price":230.252755}],"price_pressure_gaps":[{"date":"2025-05-30","price":236.35276},{"date":"2026-07-17","price":239.31}]}},"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":[203.7787,205.7779,198.6838,202.6336,198.7864,200.1597,202.6726,206.2957,207.2112,201.4161,208.4189,218.2852,212.2272,218.5677,222.2785,217.1359,208.3504,201.1481,199.3792,197.0632,202.5358,206.8943,204.6662,215.2498,219.7941,222.5499,222.8431,227.4851,224.3285,220.5514,220.6005,223.5528,220.8849,224.9848,226.4855,223.9353,229.4575,228.2903,225.4654,232.2725,236.3528,232.6109,232.7782,228.2899,224.6679,223.5261,222.4533,223.7426,226.0557,225.2781,231.3904,223.2407,223.4474,222.8273,216.5969,215.5388,213.8,216.0625,217.1196,216.6157,212.891,212.0809,197.3698,199.4939,206.6568,214.0173,215.2523,211.8289,213.8423,214.5663,219.2873,216.6094,219.0988,219.4162,227.3506,220.4179,224.9306,232.5973,228.4218,238.8654,244.0327,237.5116,230.2528,224.0991,234.4149,228.4704,222.9939,228.5501,227.7933,214.4505,218.8815,216.9697,210.5572,220.4,219.45,214.6,225.53,230.4,233.33,239.31,238.75,226.55,227.68,224.55],"consensus":[34.193,30.0823,-41.1054,24.9358,-31.9146,-9.0421,21.5604,35.4628,19.2189,-29.5303,43.9551,64.6716,0.0,61.1959,50.8678,-11.5989,-41.4266,-61.0219,-37.1663,-39.125,0.0,28.1711,-15.8964,59.9119,56.7068,46.8419,42.979,64.0832,11.4615,0.0,0.0,20.5947,-15.4094,40.4543,23.5804,0.0,43.7516,8.4159,0.0,51.7228,48.513,0.0,21.9043,-23.6566,-33.5212,-20.0996,-22.5668,0.0,12.6861,0.0,44.9387,-36.6725,-11.7257,-10.8686,-53.1973,-29.0884,-36.5036,-12.394,0.0,0.0,-30.8447,-33.231,-74.9315,-17.0768,9.924,36.0794,27.4105,-11.4887,23.6553,0.0,38.7346,0.0,33.4246,25.3671,60.4841,-14.9118,39.2017,61.4567,0.0,69.0481,60.1799,0.0,-17.7818,-33.9404,32.2745,-23.9485,-37.4885,21.0496,-9.2084,-60.7212,0.0,-32.3119,-56.74,27.7437,-8.3736,-30.0165,48.0502,41.5957,35.0036,44.3183,31.6657,-34.1691,0.0,27.3664],"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":[-9.9275,-7.2658,-51.4999,-23.7782,-31.7055,-5.289,0.0,0.0,-32.1979,-35.937,-71.4593,-2.6185,18.9948,34.8318,24.7761,-23.4188,19.8417,0.0,43.444,0.0,32.0084,24.81,59.9928,-20.5555,36.1843,60.0884,0.0,67.9226,59.1996,0.0,-26.3023,-29.5052,47.5687,-20.1798,-36.1093,19.868,-3.5099,-60.2518,0.0,-27.9586,-59.4794,28.2583,-8.7995,-31.6582,41.367,44.5215,31.6673,39.5711,30.1118,-34.6238,0.0,25.7485],"force":[-5.4698,-4.6085,-61.8543,-14.438,-25.6674,-13.1263,0.0,0.0,-29.0889,-22.0058,-94.6543,-22.4451,62.3588,77.2441,30.3784,-28.9578,36.2196,0.0,40.4534,0.0,37.7029,18.6381,74.0776,-59.8013,45.4151,71.3256,0.0,83.1041,57.231,0.0,-48.6976,-47.6746,46.8816,-42.2815,-50.6724,40.5498,-11.8297,-77.1057,0.0,-27.7398,-57.5929,64.2274,-6.4647,-32.4992,85.6231,43.8439,28.6488,40.4713,11.6495,-70.6033,0.0,32.7403],"direction":[-18.2492,-19.4578,-48.9536,-45.6219,-49.7272,-38.7429,0.0,0.0,-30.5524,-38.1563,-64.8119,-61.8305,37.8961,8.1017,28.3012,-14.6235,19.0392,0.0,32.1247,0.0,31.9871,30.8104,51.3358,-23.6019,38.2118,55.9712,0.0,60.2945,63.4064,0.0,-14.0385,-29.199,4.3616,-15.1608,-29.6475,8.4711,-13.8487,-49.5545,0.0,-40.5529,-53.0001,1.0957,-9.2503,-26.367,28.8503,36.6461,43.3556,52.4915,47.7389,-7.6249,0.0,25.3768],"intensity":[38.4615,36.5385,63.4615,48.0769,5.7692,11.5385,3.8462,3.8462,32.6923,11.5385,100.0,96.1538,76.9231,86.5385,34.6154,25.0,48.0769,71.1538,51.9231,21.1538,17.3077,3.8462,76.9231,73.0769,44.2308,75.0,38.4615,90.3846,90.3846,65.3846,69.2308,88.4615,82.6923,57.6923,51.9231,55.7692,7.6923,98.0769,73.0769,55.7692,84.6154,84.6154,61.5385,61.5385,90.3846,73.0769,65.3846,78.8462,50.0,94.2308,92.3077,19.2308],"confirmation":[48.9223,26.0087,85.3128,76.9427,79.424,6.0969,3.5923,25.4418,77.7962,78.2506,92.6321,9.2687,35.3866,80.8189,76.9019,29.8133,76.0107,24.4887,80.3757,28.4215,78.8478,75.9209,87.7767,33.7556,80.7799,87.9878,30.7804,90.5409,87.1826,8.736,32.1641,79.3471,55.8733,76.2797,80.4191,75.3482,48.4467,87.9373,7.2508,78.2668,86.1411,55.3154,47.9482,77.6559,84.623,81.3345,79.0583,82.1369,77.5467,57.3709,1.7549,76.9457],"persistence":[25.0,25.0,25.0,37.5,62.5,75.0,87.5,75.0,75.0,75.0,75.0,75.0,50.0,25.0,12.5,25.0,0.0,12.5,37.5,50.0,50.0,50.0,50.0,50.0,50.0,62.5,50.0,62.5,62.5,50.0,25.0,25.0,25.0,0.0,12.5,12.5,37.5,50.0,37.5,37.5,62.5,37.5,37.5,62.5,37.5,12.5,0.0,25.0,50.0,25.0,37.5,37.5],"assessmentRisk":[24.902,25.6452,23.3756,34.1545,31.3806,41.814,9.2116,18.8744,2.9146,24.3989,12.4973,41.4044,47.5906,0.941,36.1521,54.8141,31.8913,2.2581,12.2322,35.5976,20.3872,23.1352,14.135,43.2268,24.165,19.0384,13.0764,15.413,19.8731,33.6025,23.8834,32.2292,61.012,31.3427,19.9266,17.9439,33.5783,17.3936,25.7493,30.0843,21.148,20.7562,8.3306,1.942,24.379,24.171,30.9818,27.7864,32.5154,6.9757,35.9144,35.4215],"volumeParticipation":true,"latest":{"consensus":27.4,"control":25.7,"force":32.7,"direction":25.4,"confirmation":76.9,"persistence":37.5,"assessmentRisk":35.4,"intensity":19.2,"evidenceDepth":100},"analysis":{"status":"Market 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 easing","forceState":"Upward commitment","forcePath":"Broadly stable","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+27.4","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+25.7","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+32.7","detail":"Upward commitment","tone":"positive"},{"label":"SM Direction Gauge","value":"+25.4","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"77/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"49.1","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"4.9%","detail":"Elevated","tone":"caution"},{"label":"Trend quality","value":"16.3","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"40%","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 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}