{"schema_version":"1.0","name":"BBRI Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"bda1e0b8-c434-412c-a5ec-e349971ad370","symbol":"BBRI","name":"PT Bank Rakyat Indonesia (Persero) Tbk","exchange":"JKT","country":"ID","asset_type":"equity","currency":"IDR","sector":"Financial Services","industry":"Banks - Regional"},"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, Acceleration, deceleration and rollover, Strength versus the research benchmark, Drawdown and recovery pressure, Range pressure and compression, Activity pressure and cumulative balance."},{"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. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","evidenceAlignment":{"status":"Underlying strength ahead of price","headline":"Market Dynamics is improving before price has fully responded","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.","take":"Treat the gap as an early-upside opportunity watch. 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":0,"completedEpisodes":0,"activeEpisodes":0,"horizons":[{"weeks":4,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":12,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"},{"weeks":26,"sample":0,"expectedCount":0,"confidence":"Not enough evidence"}],"path":[{"week":0,"sample":0},{"week":1,"sample":0},{"week":2,"sample":0},{"week":3,"sample":0},{"week":4,"sample":0},{"week":5,"sample":0},{"week":6,"sample":0},{"week":7,"sample":0},{"week":8,"sample":0},{"week":9,"sample":0},{"week":10,"sample":0},{"week":11,"sample":0},{"week":12,"sample":0},{"week":13,"sample":0},{"week":14,"sample":0},{"week":15,"sample":0},{"week":16,"sample":0},{"week":17,"sample":0},{"week":18,"sample":0},{"week":19,"sample":0},{"week":20,"sample":0},{"week":21,"sample":0},{"week":22,"sample":0},{"week":23,"sample":0},{"week":24,"sample":0},{"week":25,"sample":0},{"week":26,"sample":0}]},"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":26.7,"averageReturn":-3.5,"sample":15},"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, 26.7% of comparable cases moved higher after 12 weeks, with an average move of -3.5% across 15 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 1 cases. Distinct visits lasted 4.0 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 7.8% across 15 completed cases, with the largest move arriving after 5.1 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":[{"date":"2026-07-31","price":3040.0}],"distribution_rollovers":[],"price_pressure_gaps":[]}},"smTape":{"available":true,"dates":["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","2024-10-18","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","2025-04-11","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":[3999.5273,4264.5059,4264.5059,4326.6108,4388.7153,4450.8198,4223.103,4024.3687,4057.4912,4115.4556,3949.8435,3891.8794,3742.8289,3701.4258,3643.4617,3519.2524,3568.9363,3453.0078,3361.9211,3507.7942,3550.5723,3430.7937,3499.2388,3584.7947,3610.4614,3447.9053,3302.4597,3328.1267,2874.6802,3259.6821,3208.3484,3165.5706,3465.0164,3285.8862,3294.9382,3385.4587,3512.187,3475.9788,3847.1121,3937.6323,4028.1526,3711.3318,3620.8113,3430.7188,3466.927,3322.0945,3512.187,3494.083,3512.187,3385.4587,3349.2505,3729.4355,3711.3318,3666.0713,3620.8113,3783.7478,3847.1121,3657.0195,3340.1982,3376.4065,3168.21,3485.031,3602.7073,3602.7073,3530.291,3584.603,3331.1465,3303.9905,3285.8862,3412.6147,3412.6147,3418.8489,3456.4187,3587.9128,3616.0903,3578.5205,3550.343,3550.343,3606.6978,3672.4448,3447.0264,3296.7471,3268.5698,3212.2151,3118.2908,3184.0378,3221.6077,3070.0,2990.0,3260.0,3120.0,3050.0,2950.0,2740.0,2850.0,2930.0,2870.0,2710.0,2790.0,2970.0,2960.0,3040.0,3130.0,3120.0],"consensus":[20.4857,59.3668,25.247,45.3107,48.6919,36.9397,-26.4852,-48.3373,-11.3503,0.0,-47.8003,-32.756,-58.0327,-37.7784,-35.3796,-61.4867,-18.5528,-57.2321,-56.5928,0.0,-9.4504,-45.7259,0.0,0.0,10.3295,-33.7075,-54.7523,-26.9019,-77.2483,14.5831,-25.2382,-24.4583,48.5005,0.0,0.0,21.4304,29.5993,8.9951,64.3156,54.0765,56.9279,-11.8418,-19.3666,-43.7878,-8.3777,-46.7475,17.8798,0.0,0.0,-28.6613,-30.9131,59.2452,22.1441,0.0,15.8396,40.7652,39.1484,-22.0371,-62.4399,-22.6675,-63.5246,25.2339,34.0685,11.6374,0.0,15.6963,-58.4327,-40.0424,-30.1705,9.6068,0.0,0.0,15.2762,44.8798,29.5285,11.6904,0.0,8.5197,21.7406,27.2069,-43.1981,-55.6538,-33.7838,-47.5854,-58.8489,0.0,-11.2264,-62.3053,-53.7364,34.9841,-43.8872,-30.3518,-47.7322,-61.6072,-28.3373,-20.3015,-19.6331,-44.5168,-13.9651,35.8315,0.0,41.6999,49.9599,22.7531],"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":[19.5506,0.0,10.9554,39.755,42.0762,-27.9664,-60.7942,-18.0621,-60.7696,32.36,29.6643,5.6897,0.0,13.6815,-54.1918,-44.192,-27.6983,18.6907,0.0,0.0,10.1515,45.2724,26.3019,6.6199,0.0,14.3149,28.8232,24.4949,-48.1684,-61.9026,-30.2979,-48.6834,-62.3669,0.0,-9.718,-59.9592,-60.0532,34.3115,-49.892,-33.3468,-51.5993,-69.9475,-26.2514,-20.5923,-14.4811,-56.8048,-10.5743,34.4411,0.0,40.2021,49.8281,18.3318],"force":[5.7027,0.0,9.2733,58.02,34.5071,-50.0329,-90.7038,-1.9722,-78.8795,73.3229,53.8159,4.0752,0.0,19.8692,-91.3007,-29.8655,-17.7883,38.0801,0.0,0.0,21.656,56.6398,20.1605,2.7845,0.0,3.8578,19.2332,23.7128,-64.2076,-58.8157,-16.8258,-37.0445,-54.0539,0.0,-13.6594,-83.3606,-45.4603,78.5729,-50.2213,-25.6526,-55.6445,-47.7656,-2.7503,-1.7431,-4.2099,-29.83,-11.8906,80.269,0.0,53.4871,53.978,5.1077],"direction":[36.852,0.0,26.1118,29.5949,39.1174,-4.7362,-44.1323,-42.7132,-55.7055,17.2596,24.9966,23.8363,0.0,15.0183,-39.8024,-42.5692,-41.8404,21.1128,0.0,0.0,16.576,36.0311,39.9074,27.8244,0.0,5.2267,15.4371,32.8023,-22.511,-46.2538,-49.8805,-53.8598,-58.2533,0.0,-30.7259,-49.9469,-52.4287,4.6179,-32.5003,-30.2857,-37.6609,-61.9625,-52.9265,-35.7155,-36.5375,-40.9639,-36.3087,5.6795,0.0,34.9922,47.2404,40.4099],"intensity":[80.7692,13.4615,73.0769,57.6923,84.6154,69.2308,90.3846,19.2308,76.9231,90.3846,67.3077,42.3077,5.7692,5.7692,76.9231,75.0,7.6923,34.6154,21.1538,1.9231,11.5385,36.5385,26.9231,98.0769,96.1538,38.4615,13.4615,30.7692,73.0769,65.3846,26.9231,9.6154,38.4615,28.8462,40.3846,55.7692,59.6154,84.6154,48.0769,50.0,30.7692,96.1538,34.6154,32.6923,38.4615,61.5385,17.3077,67.3077,61.5385,17.3077,19.2308,19.2308],"confirmation":[51.9579,6.2411,72.943,81.5861,80.3414,54.1585,88.8672,52.0264,88.8378,35.7805,79.5709,26.2508,28.1892,73.1807,87.7648,80.4402,77.3149,30.9743,1.1007,24.5582,73.1609,82.714,77.2128,26.6377,27.4028,25.1626,74.7726,76.6411,82.3879,85.8104,78.3471,82.8894,86.6319,8.6755,28.4377,88.6151,84.8472,57.8669,82.1455,77.5237,83.4565,87.1654,54.0723,51.5254,51.2244,81.6105,28.9359,58.1749,26.2012,81.726,84.1116,52.1439],"persistence":[0.0,12.5,12.5,25.0,37.5,37.5,37.5,12.5,12.5,0.0,0.0,0.0,12.5,12.5,12.5,12.5,12.5,12.5,0.0,12.5,0.0,0.0,25.0,50.0,62.5,62.5,75.0,87.5,62.5,37.5,12.5,12.5,25.0,37.5,62.5,87.5,87.5,62.5,62.5,62.5,62.5,75.0,75.0,75.0,75.0,100.0,100.0,75.0,62.5,37.5,12.5,12.5],"assessmentRisk":[30.3003,44.6353,39.8376,2.8522,18.376,7.9817,15.3106,38.0499,18.2056,48.348,26.9773,35.7133,51.4284,19.6534,16.5888,26.8812,30.0014,43.2737,21.6818,34.7829,34.5553,21.6369,33.769,41.1205,39.2183,23.9382,16.0465,33.4711,20.2266,21.6804,33.0601,26.204,20.5009,39.0915,19.7093,14.9914,17.8325,10.06,11.4003,7.1669,7.8445,19.1806,34.6138,26.7931,18.1428,10.965,14.3839,4.2018,30.7532,28.3454,24.7196,32.3407],"volumeParticipation":true,"latest":{"consensus":22.8,"control":18.3,"force":5.1,"direction":40.4,"confirmation":52.1,"persistence":12.5,"assessmentRisk":32.3,"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":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+22.8","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+18.3","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+5.1","detail":"Commitment is limited","tone":"positive"},{"label":"SM Direction Gauge","value":"+40.4","detail":"Upward follow-through","tone":"positive"},{"label":"SM Confirmation Gauge","value":"52/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"50.9","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"5.3%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"14.3","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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