{"schema_version":"1.0","name":"DHER34 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"cab148f4-3c48-4e7f-973f-d75432ef0529","symbol":"DHER34","name":"Danaher Corporation","exchange":"SAO","country":"BR","asset_type":"equity","currency":"BRL","sector":"Healthcare","industry":"Diagnostics & Research"},"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, Drawdown and recovery pressure, Strength versus the research benchmark, Activity pressure and cumulative balance, Acceleration, deceleration and rollover, Directional strength and control."},{"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":17,"completedEpisodes":16,"activeEpisodes":1,"medianExpectedMove":8.0,"averageExpectedMove":8.8,"averageWeeksToLargestMove":6.8,"horizons":[{"weeks":4,"sample":16,"expectedCount":10,"expectedPercent":62.5,"averageReturn":2.5,"medianReturn":2.6,"confidenceLow":38.6,"confidenceHigh":81.5,"confidence":"Mixed historical record"},{"weeks":12,"sample":16,"expectedCount":8,"expectedPercent":50.0,"averageReturn":1.1,"medianReturn":2.0,"confidenceLow":28.0,"confidenceHigh":72.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":16,"expectedCount":7,"expectedPercent":43.8,"averageReturn":-1.1,"medianReturn":-4.8,"confidenceLow":23.1,"confidenceHigh":66.8,"confidence":"Mixed historical 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elevated relative to Market Dynamics","kind":"structuralDivergence","expectedDirection":"lower","episodes":2,"completedEpisodes":2,"activeEpisodes":0,"medianExpectedMove":9.6,"averageExpectedMove":9.6,"averageWeeksToLargestMove":8.0,"horizons":[{"weeks":4,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-3.9,"medianReturn":-3.9,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-6.2,"medianReturn":-6.2,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"},{"weeks":26,"sample":2,"expectedCount":2,"expectedPercent":100.0,"averageReturn":-24.2,"medianReturn":-24.2,"confidenceLow":34.2,"confidenceHigh":100.0,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.5,"sample":2},{"week":2,"averageReturn":-3.6,"sample":2},{"week":3,"averageReturn":-3.7,"sample":2},{"week":4,"averageReturn":-3.9,"sample":2},{"week":5,"averageReturn":-3.2,"sample":2},{"week":6,"averageReturn":-7.8,"sample":2},{"week":7,"averageReturn":-4.7,"sample":2},{"week":8,"averageReturn":-8.1,"sample":2},{"week":9,"averageReturn":-7.9,"sample":2},{"week":10,"averageReturn":-9.1,"sample":2},{"week":11,"averageReturn":-5.8,"sample":2},{"week":12,"averageReturn":-6.2,"sample":2},{"week":13,"averageReturn":-6.1,"sample":2},{"week":14,"averageReturn":-6.5,"sample":2},{"week":15,"averageReturn":-5.5,"sample":2},{"week":16,"averageReturn":-7.7,"sample":2},{"week":17,"averageReturn":-13.4,"sample":2},{"week":18,"averageReturn":-13.5,"sample":2},{"week":19,"averageReturn":-12.6,"sample":2},{"week":20,"averageReturn":-16.9,"sample":2},{"week":21,"averageReturn":-20.5,"sample":2},{"week":22,"averageReturn":-21.6,"sample":2},{"week":23,"averageReturn":-20.6,"sample":2},{"week":24,"averageReturn":-21.9,"sample":2},{"week":25,"averageReturn":-24.8,"sample":2},{"week":26,"averageReturn":-24.2,"sample":2}]},"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":50.0,"averageReturn":1.1,"sample":16},"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, 50.0% of comparable cases moved higher after 12 weeks, with an average move of 1.1% 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, 66.7% of completed 12-week outcomes were lower across 3 cases. Distinct visits lasted 1.7 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 8.8% across 16 completed cases, with the largest move arriving after 6.8 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":"2026-06-26","price":35.560001}],"distribution_rollovers":[{"date":"2024-09-20","price":53.163338},{"date":"2024-10-25","price":50.817581}],"price_pressure_gaps":[{"date":"2024-09-13","price":54.156116},{"date":"2024-10-11","price":53.947109}]}},"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":[52.4684,53.2924,52.8059,54.1561,53.1633,53.4504,52.288,53.9471,55.487,50.8176,51.8608,49.9234,49.1783,48.8504,51.1852,49.3869,50.3705,49.3671,50.6086,52.0503,51.1555,51.6626,51.5333,47.7153,42.4357,41.859,43.0024,42.1275,43.4996,42.903,42.8334,42.3311,37.8322,39.0963,38.7579,39.7034,39.7432,38.4194,39.2157,36.6975,38.8076,38.8574,39.7333,38.2602,38.5833,40.0382,40.5763,37.7562,40.656,38.663,38.2644,40.2574,40.9051,40.1976,38.7129,36.3114,36.5505,35.1781,41.1043,39.5978,40.9247,43.0199,40.815,39.7475,41.9424,43.5885,42.5011,43.9876,43.9776,44.9354,45.0169,44.4976,42.1809,45.1567,44.1082,41.2222,40.4233,39.4447,43.9684,38.0966,36.6586,35.4104,35.1807,34.1,35.23,34.07,34.73,31.6653,31.6853,29.9278,27.9805,30.7466,32.9136,33.7724,32.614,32.8137,35.56,35.97,36.24,35.57,34.95,35.24,37.2,37.84],"consensus":[9.1667,25.3311,10.0354,32.6332,0.0,10.6867,-17.016,33.2917,52.9545,-54.1609,14.6145,-48.9767,-44.7278,-20.8458,21.8287,-41.1467,8.9048,-20.0008,9.5289,38.4145,-8.1061,23.1093,0.0,-54.9124,-79.5068,-50.2678,-10.4109,-55.9078,0.0,-15.3874,-19.5999,-34.1688,-79.8189,-9.7552,-50.2587,-22.2615,-13.2075,-55.7445,0.0,-58.7373,0.0,0.0,14.4958,-25.634,-8.527,29.3985,26.5509,-51.5744,43.6263,-35.3198,-23.8581,37.1124,22.6567,12.3014,-28.614,-56.9237,-19.9485,-52.0799,55.3504,0.0,41.7876,60.4902,-16.3981,-20.2353,48.1794,52.8748,0.0,57.7586,24.5929,50.0692,30.4765,0.0,-42.8158,36.1349,-15.0453,-47.6615,-36.3324,-45.8877,37.329,-63.9281,-52.897,-50.5155,-49.8617,-46.7492,0.0,-47.9816,-21.835,-59.994,-42.5024,-66.486,-72.3968,0.0,29.6094,8.7874,0.0,0.0,29.8003,30.3997,44.5282,0.0,0.0,0.0,48.6467,37.7872],"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":[25.3161,14.2826,-29.3768,-61.9303,-14.5609,-44.2446,51.5384,0.0,43.7407,50.8575,-24.1309,-28.5122,44.2474,53.5328,0.0,51.3913,19.7387,56.4377,23.6634,0.0,-38.8752,34.5269,-16.5089,-45.409,-40.8506,-45.1102,48.702,-65.819,-59.9912,-50.722,-54.5,-44.2375,0.0,-57.5817,-24.5271,-66.7691,-44.2669,-71.3547,-77.2817,0.0,25.6494,2.9815,0.0,0.0,22.8472,27.3995,49.1443,0.0,0.0,0.0,58.8383,36.5533],"force":[15.9575,7.0447,-61.6241,-63.5864,-6.018,-65.7398,81.365,0.0,35.7078,82.1917,-48.6357,-42.0509,76.8439,72.1298,0.0,75.6254,3.7767,45.868,17.5374,0.0,-86.3026,50.085,-43.7307,-67.5051,-28.2504,-42.0888,51.7138,-82.838,-39.2915,-38.7622,-26.3574,-33.0851,0.0,-33.0095,-2.5173,-53.8175,-16.5944,-63.3365,-71.2089,0.0,79.9941,11.285,0.0,0.0,22.1149,13.193,26.2861,0.0,0.0,0.0,44.8359,22.6398],"direction":[24.4026,23.8557,-4.1634,-46.4429,-44.6532,-51.2775,41.1251,0.0,43.8982,55.9978,-15.4662,-4.8065,32.1983,38.3691,0.0,52.2734,45.0094,45.7919,47.5053,0.0,-16.2572,28.0084,-7.117,-36.0618,-36.9417,-49.4897,14.0565,-48.26,-54.5075,-58.6747,-61.3497,-59.3797,0.0,-47.7044,-36.1528,-56.6628,-58.9917,-63.1714,-67.6626,0.0,1.8541,20.4536,0.0,0.0,43.2361,46.1189,52.2828,0.0,0.0,0.0,39.7212,50.0168],"intensity":[34.6154,28.8462,44.2308,76.9231,26.9231,63.4615,98.0769,88.4615,32.6923,88.4615,71.1538,17.3077,69.2308,57.6923,25.0,51.9231,11.5385,19.2308,53.8462,80.7692,75.0,88.4615,15.3846,92.3077,78.8462,15.3846,98.0769,98.0769,36.5385,80.7692,1.9231,82.6923,59.6154,23.0769,7.6923,90.3846,71.1538,46.1538,59.6154,76.9231,63.4615,96.1538,25.0,3.8462,86.5385,5.7692,3.8462,40.3846,94.2308,90.3846,50.0,44.2308],"confirmation":[75.0055,50.1529,55.4842,86.3424,52.2914,85.2013,86.563,29.9577,81.157,88.165,32.0782,53.3728,84.3509,85.4967,33.5618,87.1243,52.6426,83.7971,77.462,29.2244,83.0864,80.0128,52.518,83.8908,79.3112,82.5801,80.2104,89.0045,84.4043,83.8036,83.1688,82.5816,7.8082,82.7515,52.0744,86.9066,80.7843,89.1053,91.0563,33.4115,56.7997,49.0368,3.1892,47.7658,77.4078,77.2492,81.6227,31.3827,27.526,24.561,83.2955,79.6491],"persistence":[25.0,25.0,0.0,0.0,25.0,25.0,0.0,12.5,12.5,12.5,12.5,12.5,12.5,37.5,25.0,37.5,37.5,37.5,62.5,75.0,50.0,50.0,37.5,12.5,12.5,37.5,37.5,50.0,50.0,75.0,75.0,75.0,62.5,62.5,87.5,87.5,87.5,87.5,87.5,75.0,62.5,37.5,25.0,12.5,12.5,37.5,62.5,62.5,50.0,37.5,50.0,62.5],"assessmentRisk":[3.6219,31.9046,28.0122,20.6092,39.5067,23.7042,10.9412,44.7271,27.1044,19.6787,1.6656,13.4803,2.7817,14.1618,34.5009,18.8516,25.0186,3.1578,26.9645,16.7295,20.2829,11.397,18.1496,24.1631,20.9396,26.9869,22.2128,10.3622,19.0222,21.0654,24.9967,23.0783,22.1478,1.0325,1.0116,9.0411,24.5464,14.1671,13.517,22.4246,17.0844,44.7194,51.9483,40.7241,30.2385,27.213,26.2713,44.6218,15.5279,24.2247,4.908,28.6117],"volumeParticipation":true,"latest":{"consensus":37.8,"control":36.6,"force":22.6,"direction":50.0,"confirmation":79.6,"persistence":62.5,"assessmentRisk":28.6,"intensity":44.2,"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 strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"+37.8","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+36.6","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+22.6","detail":"Upward 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