{"schema_version":"1.0","name":"CAT Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"dc49690a-6c77-4560-abb4-7b90c98a8b09","symbol":"CAT","name":"Caterpillar Inc.","exchange":"BUE","country":"AR","asset_type":"equity","currency":"ARS","sector":"Industrials","industry":"Farm & Heavy Construction Machinery"},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","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, Activity pressure and cumulative balance, Directional strength and control, 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 weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","evidenceAlignment":{"status":"Unsupported elevation","headline":"Price remains elevated without full Market Dynamics support","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price remains elevated in the distribution zone.","take":"This is a downside warning, not a confirmed reversal. Stronger Market Dynamics would repair the gap; weaker price would begin to confirm 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Price can remain elevated while the gap is open.","confirm":"Continued separation or a weaker price response would confirm that the structural warning remains relevant.","invalidate":"The warning resolves when Market Dynamics catches up with price or price corrects enough to close the gap.","level":"negative","direction":"weakening","zone":"distribution","zoneContext":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open.","historical":{"label":"Broader price-ahead cases","weeks":12,"direction":"lower","percent":25.0,"averageReturn":10.5,"sample":16},"nowContext":{"label":"Easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price remains elevated relative to support","detail":"Price is in distribution and ahead of Market Dynamics. The advance is not fully confirmed while that gap remains open."}},"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":"Short-term and structural view","title":"Short-term improvement has not closed the structural gap","tone":"caution","approach":"Treat the latest strengthening as an improvement in the immediate reading, not as full confirmation of price. The structural warning remains until Market Dynamics catches up with price or price corrects toward the underlying evidence.","finding":"The exact gap record is still building. In the broader price-ahead divergence record, 25.0% of cases were lower after 12 weeks, with an average move of 10.5% across 16 cases.","watch":"The warning resolves when Market Dynamics catches up with price or price corrects enough to close the gap."},{"eyebrow":"Zone positioning","title":"Use distribution to protect capital before considering the short case","tone":"negative","finding":"After distribution, 0.0% of completed 12-week outcomes were lower across 1 cases. Distinct visits lasted 6.0 weeks on average before leaving the zone.","approach":"Review long exposure and define the evidence that would confirm a rollover. 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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":"Control support is limited","controlPath":"Control support is easing","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Limited support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-3.6","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-0.6","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-9.8","detail":"Commitment is 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