{"schema_version":"1.0","name":"MBG Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"d0f087bc-91d3-406f-b3db-aca9ec932b47","symbol":"MBG","name":"Mercedes-Benz Group AG","exchange":"GER","country":"DE","asset_type":"equity","currency":"EUR","sector":"Consumer Cyclical","industry":"Auto Manufacturers"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":15,"completedEpisodes":15,"activeEpisodes":0,"medianExpectedMove":9.3,"averageExpectedMove":9.2,"averageWeeksToLargestMove":7.5,"horizons":[{"weeks":4,"sample":15,"expectedCount":9,"expectedPercent":60.0,"averageReturn":-0.4,"medianReturn":1.3,"confidenceLow":35.7,"confidenceHigh":80.2,"confidence":"Mixed historical record"},{"weeks":12,"sample":15,"expectedCount":7,"expectedPercent":46.7,"averageReturn":1.7,"medianReturn":-5.1,"confidenceLow":24.8,"confidenceHigh":69.9,"confidence":"Mixed historical record"},{"weeks":26,"sample":15,"expectedCount":8,"expectedPercent":53.3,"averageReturn":-0.0,"medianReturn":0.2,"confidenceLow":30.1,"confidenceHigh":75.2,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.5,"sample":15},{"week":2,"averageReturn":0.1,"sample":15},{"week":3,"averageReturn":-0.1,"sample":15},{"week":4,"averageReturn":-0.4,"sample":15},{"week":5,"averageReturn":-1.4,"sample":15},{"week":6,"averageReturn":1.2,"sample":15},{"week":7,"averageReturn":2.2,"sample":15},{"week":8,"averageReturn":3.0,"sample":15},{"week":9,"averageReturn":2.4,"sample":15},{"week":10,"averageReturn":0.3,"sample":15},{"week":11,"averageReturn":1.3,"sample":15},{"week":12,"averageReturn":1.7,"sample":15},{"week":13,"averageReturn":1.4,"sample":15},{"week":14,"averageReturn":-0.3,"sample":15},{"week":15,"averageReturn":0.1,"sample":15},{"week":16,"averageReturn":-0.4,"sample":15},{"week":17,"averageReturn":0.4,"sample":15},{"week":18,"averageReturn":-0.1,"sample":15},{"week":19,"averageReturn":1.5,"sample":15},{"week":20,"averageReturn":0.3,"sample":15},{"week":21,"averageReturn":2.0,"sample":15},{"week":22,"averageReturn":2.4,"sample":15},{"week":23,"averageReturn":1.8,"sample":15},{"week":24,"averageReturn":1.1,"sample":15},{"week":25,"averageReturn":-0.1,"sample":15},{"week":26,"averageReturn":-0.0,"sample":15}]}},"pricePressureGap":{"label":"Price 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":"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":"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 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 3.3 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 9.7% across 19 completed cases, with the largest move arriving after 5.7 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":"2025-07-11","price":49.625744}],"distribution_rollovers":[],"price_pressure_gaps":[]}},"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":[53.3959,53.6109,50.2656,48.795,47.2901,51.16,49.2938,49.7238,49.2766,49.698,48.1157,45.0284,45.5357,44.951,45.5443,46.2495,48.6145,45.9657,46.0517,45.1057,47.3331,47.3761,48.838,50.6698,48.9154,52.7337,50.5666,51.4008,52.2005,51.5728,50.1882,47.9437,42.1947,41.4465,43.1966,46.9461,45.8367,47.7196,49.0558,47.2244,49.1399,47.9812,47.486,45.4397,47.1776,46.7945,49.6257,47.9625,51.8496,45.8788,48.7007,49.9995,51.5226,49.85,49.4482,48.2989,48.1027,49.822,51.7749,49.7098,49.8687,50.2238,52.5224,54.5313,55.6526,53.2792,54.3444,57.5588,57.6429,55.9142,55.4097,57.8671,56.4095,54.9611,54.4753,53.9987,54.9238,53.8399,55.3536,55.1293,51.1862,51.2516,47.5234,48.2428,49.252,50.3452,52.66,49.775,49.585,50.13,50.35,50.12,52.19,47.995,48.015,45.275,43.335,45.24,43.99,45.51,44.775,46.73,47.085,46.025],"consensus":[13.5556,0.0,-51.0531,-50.0055,-57.9908,21.0549,-37.6658,0.0,-14.4023,-8.7958,-44.7909,-69.3877,-19.6156,-40.363,-13.6146,0.0,39.3582,-38.3746,0.0,-33.7894,24.3574,0.0,38.8513,55.8055,0.0,69.1107,0.0,25.7022,37.1938,0.0,-17.6143,-42.675,-73.3751,-39.3548,-17.0752,24.486,-12.9266,34.0092,25.1685,-18.0289,31.7672,0.0,-13.6279,-41.2458,16.0845,-9.0498,47.2727,-10.4292,63.3594,-49.9766,28.6177,30.873,37.2276,0.0,0.0,-21.9866,-14.7686,30.3815,48.6939,-17.3657,13.3108,14.0134,40.4923,55.8393,49.535,0.0,37.3518,66.8635,39.6916,0.0,0.0,50.7132,0.0,-21.1519,0.0,-16.9167,0.0,-19.7719,24.4362,0.0,-59.9193,-23.2393,-76.2083,-22.5154,-14.1361,0.0,44.5885,-38.8139,-10.391,0.0,-10.6124,0.0,36.1867,-49.8548,-30.4738,-42.6472,-59.7301,-21.5965,-44.5953,0.0,-20.0958,21.4771,8.8974,-18.9378],"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":[48.3201,0.0,0.0,-20.6796,-7.8784,34.3372,52.547,-25.5331,10.362,15.5398,37.7376,55.3859,49.599,0.0,39.5547,67.3264,44.3506,0.0,0.0,63.9902,0.0,-20.8102,0.0,-8.3014,0.0,-14.4819,26.8565,0.0,-57.036,-17.5808,-76.4862,-11.9131,-7.0667,0.0,40.4789,-47.0307,-10.1301,0.0,-4.871,0.0,32.998,-60.7783,-32.7249,-37.4522,-67.6489,-16.564,-45.7691,0.0,-28.7069,17.8424,0.1371,-25.6421],"force":[35.8407,0.0,0.0,-33.5391,-13.5316,51.5449,55.8898,-48.5989,12.6869,14.652,57.8829,60.1759,38.6627,0.0,31.5467,82.9901,17.3732,0.0,0.0,50.052,0.0,-45.2413,0.0,-16.4001,0.0,-30.5925,40.5946,0.0,-80.5863,-2.9581,-94.115,-12.6423,-16.7446,0.0,79.9465,-61.8277,-1.4933,0.0,-2.9352,0.0,54.5564,-48.0383,-15.514,-32.6174,-43.7161,-8.2153,-27.2302,0.0,-9.3265,49.2689,10.4211,-26.316],"direction":[25.5409,0.0,0.0,-15.2285,-23.5269,10.7439,39.1503,-14.278,17.1265,11.8129,31.2187,53.2599,57.2278,0.0,38.9808,54.8155,50.3088,0.0,0.0,36.0118,0.0,-4.3356,0.0,-27.1318,0.0,-18.0887,10.1284,0.0,-48.4522,-44.1927,-63.1001,-59.7449,-44.2731,0.0,24.0294,-12.9849,-19.178,0.0,-22.6577,0.0,26.7096,-38.6684,-38.5867,-55.7485,-62.1185,-48.642,-55.6575,0.0,-17.9467,5.7796,18.1341,-6.0057],"intensity":[30.7692,36.5385,17.3077,59.6154,21.1538,42.3077,84.6154,59.6154,48.0769,5.7692,94.2308,57.6923,59.6154,67.3077,17.3077,86.5385,76.9231,34.6154,51.9231,69.2308,17.3077,17.3077,82.6923,15.3846,63.4615,71.1538,63.4615,7.6923,92.3077,44.2308,86.5385,46.1538,17.3077,11.5385,65.3846,80.7692,61.5385,5.7692,42.3077,23.0769,76.9231,98.0769,1.9231,86.5385,44.2308,40.3846,21.1538,44.2308,7.6923,71.1538,32.6923,21.1538],"confirmation":[79.7015,30.3029,27.197,75.4077,50.1266,78.3068,83.7426,32.0971,72.2854,72.4805,81.5295,86.0076,83.5189,32.6538,79.7421,89.8808,79.9501,32.7541,4.7038,84.0058,5.7886,52.8413,24.3904,73.5289,26.4362,74.7374,76.2751,24.1844,87.848,52.238,92.9281,31.6587,7.2623,6.1526,83.4085,80.9966,48.6188,4.4451,25.9162,24.1511,80.1882,83.7317,77.2614,81.4206,86.5049,30.4983,81.7234,7.2654,73.9712,53.1084,48.3938,59.5161],"persistence":[25.0,37.5,25.0,25.0,0.0,25.0,25.0,0.0,0.0,12.5,25.0,50.0,75.0,62.5,62.5,87.5,87.5,75.0,62.5,62.5,50.0,37.5,25.0,0.0,12.5,25.0,12.5,25.0,37.5,37.5,50.0,50.0,62.5,50.0,50.0,62.5,62.5,50.0,50.0,37.5,12.5,25.0,50.0,50.0,50.0,62.5,62.5,62.5,87.5,62.5,37.5,37.5],"assessmentRisk":[24.985,46.863,16.9084,18.0806,36.6039,15.7543,12.0072,34.2955,24.2448,2.0247,2.7572,21.9681,25.2047,49.6484,23.4627,14.1121,22.773,46.1953,25.8576,16.4953,28.1373,14.3761,22.8982,40.5817,38.9229,20.5017,14.051,29.5431,19.2703,35.0422,11.8835,38.699,34.4628,24.1884,27.3781,52.3581,13.708,6.5838,36.4759,9.9668,25.3613,14.5275,25.9683,28.1054,20.1254,33.3921,26.1217,4.2755,43.9083,22.5393,42.1435,22.9831],"volumeParticipation":true,"latest":{"consensus":-18.9,"control":-25.6,"force":-26.3,"direction":-6.0,"confirmation":59.5,"persistence":37.5,"assessmentRisk":23.0,"intensity":21.2,"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":"Follow-through is limited","persistenceState":"Unsettled","confirmationState":"Qualified support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-18.9","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-25.6","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-26.3","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-6.0","detail":"Follow-through is limited","tone":"negative"},{"label":"SM Confirmation Gauge","value":"60/100","detail":"Qualified support","tone":"neutral"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"43.7","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"5.5%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"16.2","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"22%","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 envelope.","reason":"Selected as the anchor because price and its 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