{"schema_version":"1.0","name":"MSN11 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-21","ticker":{"uuid":"d966043b-5f47-4678-ab9a-5249cd78357a","symbol":"MSN11","name":"Masan Group Corporation","exchange":"SET","country":"TH","asset_type":"equity","currency":"THB","sector":"Industrials","industry":"Conglomerates"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","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, Activity pressure and cumulative balance, Drawdown and recovery pressure, Range pressure and compression, 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":"2026-08-21","observations":49,"displayedObservations":49,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","evidenceAlignment":{"status":"Repair in progress","headline":"Market Dynamics is improving while price remains rotational","summary":"Market Dynamics improved this week but remains below zero. Underlying support has strengthened across the recent completed path. Price has not yet established a clear direction.","take":"Treat the repair as constructive context until price confirms it.","tone":"caution","conflict":true},"marketDynamics":{"available":true,"readAvailable":true,"dates":["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","2026-08-21"],"values":[0.152157,0.249499,0.413322,0.574783,0.681781,0.730415,0.735398,0.725055,0.553668,0.269208,-0.082549,-0.451171,-0.684087,-0.75645,-0.905749,-0.996756,-1.031966,-1.050721,-0.950089,-0.851531,-0.682962],"opens":[3.62,3.74,3.8,3.9,3.78,3.86,3.94,3.8,3.76,3.72,3.58,3.62,3.64,3.66,3.5,3.48,3.46,3.3,3.42,3.42,3.38],"highs":[3.84,3.86,3.98,3.94,3.86,4.04,3.94,3.84,3.84,3.72,3.62,3.64,3.64,3.66,3.52,3.5,3.46,3.48,3.5,3.48,3.54],"lows":[3.62,3.72,3.8,3.8,3.78,3.8,3.78,3.72,3.72,3.62,3.58,3.62,3.64,3.64,3.48,3.48,3.18,3.24,3.38,3.36,3.34],"closes":[3.76,3.84,3.92,3.84,3.86,3.96,3.88,3.82,3.74,3.62,3.58,3.62,3.64,3.64,3.52,3.48,3.3,3.38,3.42,3.38,3.54],"hoverRows":[[{"label":"Open","value":"3.62","className":"is-ohlc","compact":true},{"label":"High","value":"3.84","className":"is-ohlc","compact":true},{"label":"Low","value":"3.62","className":"is-ohlc","compact":true},{"label":"Close","value":"3.76","className":"is-ohlc","compact":true},{"label":"Market 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repairing","className":"is-negative","wide":true},{"label":"Signal / event","value":"No event marker","className":"is-muted","wide":true}]],"pressureRange":[-2.3,2.3],"priceRange":[3.2604,3.9996],"zones":{"accumulationBoundary":-1.5,"accumulationDarkBoundary":-2.0,"distributionBoundary":1.5,"distributionDarkBoundary":2.0},"latest":-0.682962,"state":"Negative but repairing over four weeks","context":{"scenario":"negativeRepair","latestDirection":"strengthening","fourWeekDirection":"strengthening","now":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeek":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"price":{"label":"Price and Market Dynamics are broadly aligned","detail":"The current price response is broadly consistent with the underlying Market Dynamics path."}},"diagnosis":{"label":"Underlying pressure is repairing","detail":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","tone":"caution"},"chartSummary":"Price is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.","summary":"Market Dynamics remains below zero, but it has improved across the recent completed path. This is an early repair watch until price confirms it.","annotations":[{"label":"Current tape relationship","value":"Underlying pressure is repairing","detail":"Market Dynamics improved this week but remains below zero.","tone":"caution"},{"label":"Price location","value":"Between zones","detail":"Price is travelling between the two major positioning zones.","tone":"neutral"},{"label":"Latest positioning marker","value":"None in view","detail":"Entering the lower zone alone does not create a positioning confirmation.","tone":"neutral"},{"label":"Market Dynamics confirmation","value":"Repairing","detail":"Underlying support has strengthened across the recent completed path.","tone":"positive"}],"relationshipEvidence":{"available":false,"observations":21,"summary":"More completed weekly history is needed for a dependable ticker-level record."},"events":{"positioning_recoveries":[],"reversal_warnings":[],"reversal_dangers":[]}},"smTape":{"available":true,"dates":["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","2026-08-21"],"close":[4.16,4.04,3.98,4.2,4.42,4.0,3.98,3.86,3.9,3.9,3.94,3.98,3.6,3.66,3.58,3.72,3.76,3.94,3.82,4.04,3.86,3.76,3.78,3.82,3.58,3.66,3.66,3.68,3.76,3.84,3.92,3.84,3.86,3.96,3.88,3.82,3.74,3.62,3.58,3.62,3.64,3.64,3.52,3.48,3.3,3.38,3.42,3.38,3.54],"consensus":[-75.0,-14.2857,-33.3333,41.4286,67.2671,-39.1478,-12.119,-48.0194,-24.972,-26.1121,0.0,11.2928,-69.9792,-17.2466,-51.2103,0.0,9.764,39.1333,-10.9203,49.2183,-19.6077,-22.7363,0.0,0.0,-56.8098,11.4024,-21.5542,0.0,22.8148,30.5761,40.2198,0.0,26.8745,36.3615,0.0,0.0,-27.2907,-50.4898,-44.0817,-31.7195,-16.6865,-23.2514,-24.2644,-46.8758,-67.1597,-9.3319,-18.1908,-42.7679,-43.9214],"supportDates":["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","2026-08-21"],"control":[null,null,null,null,null,-43.8712,-10.0622,-38.7602,-13.9299,-24.9633,0.0,9.2389,-74.9915,-2.0285,-47.6534,0.0,7.1981,32.6444,-17.7785,42.676,-31.0782,-21.5535,0.0,0.0,-55.7946,16.5655,-23.3722,0.0,17.8399,32.4951,34.3902,0.0,31.6366,34.2606,0.0,0.0,-31.1173,-58.8116,-50.8526,-35.8314,-13.4905,-37.0063,-19.0852,-55.8514,-61.3709,-5.8108,-20.5919,-42.0403,-36.9098],"force":[-75.0,-14.2857,-33.3333,41.4286,39.042,-41.0569,-5.6869,-44.7571,-0.0832,-10.9141,0.0,21.9332,-61.7325,-15.6511,-32.4761,0.0,28.6027,59.5675,-33.5844,69.8325,-41.134,-22.0058,0.0,0.0,-75.2681,54.5424,-13.3398,0.0,42.2667,33.2893,51.6264,0.0,26.0529,41.6938,0.0,0.0,-27.6347,-45.6191,-28.1801,-13.1516,-2.0187,-12.0698,-10.9241,-28.0849,-83.041,-48.2356,-16.9173,-44.4201,-90.8589],"direction":[null,null,null,null,87.4279,-32.3859,-27.188,-60.9314,-55.488,-38.2808,0.0,6.0399,-70.1414,-62.7738,-68.657,0.0,0.7599,31.9532,-13.1063,41.9708,-8.8773,-24.6099,0.0,0.0,-44.7857,25.3127,-25.3439,0.0,14.6061,26.445,38.7347,0.0,22.0189,34.9538,0.0,0.0,-22.6717,-44.4582,-47.7019,-40.2831,-30.8161,-15.5185,-39.7122,-50.0402,-62.4315,-54.4755,-40.5238,-42.4192,-18.4079],"intensity":[null,null,null,null,100.0,100.0,83.3333,28.5714,25.0,11.1111,20.0,27.2727,75.0,69.2308,42.8571,53.3333,37.5,76.4706,61.1111,68.4211,55.0,80.9524,31.8182,17.3913,75.0,76.0,100.0,37.037,46.4286,37.931,43.3333,32.2581,34.375,60.6061,41.1765,42.8571,25.0,51.3514,44.7368,10.2564,2.5,4.878,61.9048,16.2791,81.8182,37.7778,56.5217,17.0213,64.5833],"confirmation":[46.6667,27.2381,33.3333,35.9238,65.5685,80.5135,49.9133,83.4079,52.7468,75.9102,4.239,49.3026,90.0656,8.5817,83.8706,33.049,26.5665,81.2443,29.5434,84.4778,31.3162,75.2714,24.8078,3.1548,86.7572,32.9515,74.6193,27.5117,75.9694,77.8378,81.3068,30.3073,76.5022,79.8302,26.3434,0.5112,76.6852,83.8815,81.5184,77.5217,50.2747,74.8901,75.437,82.2908,90.0633,11.5757,30.9902,81.7472,83.5922],"persistence":[null,null,100.0,50.0,20.0,33.3333,42.8571,50.0,50.0,50.0,37.5,37.5,62.5,62.5,62.5,50.0,25.0,0.0,12.5,12.5,12.5,12.5,0.0,0.0,25.0,25.0,25.0,37.5,12.5,12.5,25.0,25.0,50.0,50.0,62.5,62.5,37.5,12.5,12.5,25.0,50.0,75.0,87.5,100.0,100.0,100.0,100.0,100.0,75.0],"assessmentRisk":[null,null,null,null,12.8902,11.2897,6.0595,22.511,37.0545,11.8815,8.5926,25.1155,10.9912,34.5292,22.4837,42.8734,31.0873,26.696,52.6305,24.035,38.3764,29.6274,9.1334,43.4876,18.2475,37.2947,25.0336,39.0228,32.9667,28.9299,28.5416,46.5063,24.4573,24.8404,18.4388,10.6295,29.0265,24.7433,27.9337,33.7083,35.4774,25.6193,22.5335,25.3661,16.4102,45.1939,34.9401,22.8332,27.5984],"volumeParticipation":true,"latest":{"consensus":-43.9,"control":-36.9,"force":-90.9,"direction":-18.4,"confirmation":83.6,"persistence":75.0,"assessmentRisk":27.6,"intensity":64.6,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the downward view","summary":"The completed evidence gives the downward view the clearer support.","take":"Current assessment: downward pressure has the stronger support.","tone":"negative","supportedView":"Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Control support is easing","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-43.9","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-36.9","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-90.9","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-18.4","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"84/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"43.5","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"4.4%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"18.0","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"42%","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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