{"schema_version":"1.0","name":"VVD Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"e08f822f-87c3-462f-bf75-401de2e264c9","symbol":"VVD","name":"Veolia Environnement SA","exchange":"GER","country":"DE","asset_type":"equity","currency":"EUR","sector":"Industrials","industry":"Waste Management"},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","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, Strength versus the research benchmark, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, Directional strength and control, Range position and boundary 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 has moved below the distribution zone after Market Dynamics weakened.","evidenceAlignment":{"status":"Rollover warning","headline":"Price has moved below distribution as Market Dynamics weakened","summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.","take":"The prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.5,"sample":17},{"week":2,"averageReturn":-1.0,"sample":17},{"week":3,"averageReturn":1.0,"sample":16},{"week":4,"averageReturn":1.3,"sample":16},{"week":5,"averageReturn":-0.1,"sample":16},{"week":6,"averageReturn":0.7,"sample":16},{"week":7,"averageReturn":1.5,"sample":16},{"week":8,"averageReturn":0.5,"sample":16},{"week":9,"averageReturn":1.0,"sample":16},{"week":10,"averageReturn":1.0,"sample":16},{"week":11,"averageReturn":1.6,"sample":16},{"week":12,"averageReturn":1.8,"sample":16},{"week":13,"averageReturn":1.5,"sample":16},{"week":14,"averageReturn":1.6,"sample":15},{"week":15,"averageReturn":1.9,"sample":15},{"week":16,"averageReturn":1.3,"sample":15},{"week":17,"averageReturn":1.2,"sample":15},{"week":18,"averageReturn":3.2,"sample":15},{"week":19,"averageReturn":4.0,"sample":15},{"week":20,"averageReturn":2.9,"sample":15},{"week":21,"averageReturn":3.2,"sample":15},{"week":22,"averageReturn":3.6,"sample":15},{"week":23,"averageReturn":0.8,"sample":14},{"week":24,"averageReturn":1.2,"sample":14},{"week":25,"averageReturn":3.2,"sample":14},{"week":26,"averageReturn":2.7,"sample":14}]}},"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":"Rollover warning","tone":"negative","headline":"Price has moved below distribution as Market Dynamics weakened","use":"The upward trend may still be visible, but this transition increases downside risk. Further price weakness would confirm the rollover.","confirm":"Further price weakness with weak Market Dynamics would confirm the rollover.","invalidate":"A recovery in both price and Market Dynamics would remove the rollover warning.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has moved down through distribution conditions as Market Dynamics contracted. The completed tape now carries a stronger continuation-risk warning.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":45.8,"averageReturn":0.9,"sample":24},"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 has moved below distribution","detail":"Price left the upper zone as Market Dynamics weakened."}},"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":"Divergence control","title":"Do not chase price while the underlying evidence lags","tone":"caution","approach":"Use the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.","finding":"In this ticker's completed record, 45.8% of comparable cases moved lower after 12 weeks, with an average move of 0.9% across 24 cases.","watch":"A recovery in both price and Market Dynamics would remove the rollover warning."},{"eyebrow":"Zone positioning","title":"Use accumulation to prepare the long case, then wait for confirmation","tone":"positive","finding":"After accumulation, 100.0% of completed 12-week outcomes were higher across 1 cases. Distinct visits lasted 5.0 weeks on average before leaving the zone.","approach":"Build the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.","watch":"A failed price response or renewed weakness removes the reason to increase long exposure."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 6.6% across 24 completed cases, with the largest move arriving after 5.4 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":[],"distribution_rollovers":[{"date":"2026-07-31","price":34.48}],"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":[27.0457,27.4488,27.1557,27.2839,27.6596,27.5496,26.9266,27.3114,28.0077,26.6793,26.8442,26.0288,26.212,25.5157,25.2592,25.8547,25.5157,24.5537,24.6911,24.4804,24.2514,25.1309,24.6911,25.2408,25.4699,25.2867,25.1767,26.3494,28.191,27.9986,28.7407,29.4828,28.191,27.2381,28.3834,28.8964,29.5194,29.2629,29.1192,29.1192,29.0138,28.8221,28.9467,28.1897,29.3108,29.1958,29.512,29.0138,29.4641,28.046,28.7263,29.5599,29.1096,27.0687,27.2411,27.8927,27.6052,27.8065,27.9406,27.634,28.7167,28.343,27.4519,27.634,27.8544,27.3178,28.0747,28.0939,27.9406,28.2376,28.1131,28.8988,29.1958,28.5634,28.9946,30.3073,30.6906,32.0895,33.0094,34.4467,31.3709,31.5625,29.7899,30.5756,32.0991,33.613,34.0538,34.073,34.4467,34.37,33.58,34.7,34.71,34.91,35.47,36.06,36.19,37.52,36.31,37.5,36.62,34.48,35.23,34.0],"consensus":[43.3116,41.6095,8.5384,22.4596,32.5893,19.6136,-15.0575,28.472,43.5961,-49.2942,-10.5361,-54.6873,-15.8126,-53.6102,-37.2314,11.7321,-44.1153,-56.7314,-12.756,-47.453,-51.2748,31.5477,-35.78,21.654,25.8588,0.0,0.0,64.1129,74.6261,29.2386,57.1149,65.3394,-11.0481,-11.7913,45.2869,33.7055,58.8582,22.7454,19.572,12.7512,0.0,0.0,8.9117,-35.3328,42.1507,8.8097,35.1909,0.0,22.6843,-53.4343,9.223,41.0021,-16.2527,-66.4063,-15.7498,0.0,-37.1581,0.0,10.7889,-18.2409,51.048,0.0,-51.2184,0.0,0.0,-36.9753,31.2007,0.0,0.0,24.9495,0.0,48.9872,43.4272,-9.8441,39.4534,69.0298,53.8089,75.5005,75.1082,86.3962,-19.6408,23.2924,-55.9745,13.1786,51.0542,66.544,56.3513,43.6571,52.8767,26.0911,-12.0557,54.6645,15.117,28.8207,48.8446,54.8934,43.8482,65.0934,0.0,67.3936,-8.4906,-61.6252,13.5272,-62.9851],"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":[-13.6227,-63.0347,-5.4377,0.0,-29.9145,0.0,11.28,-9.0291,48.1828,0.0,-52.3412,0.0,0.0,-31.2395,31.2985,0.0,0.0,23.15,0.0,56.3359,36.0275,-15.6856,38.0715,70.7214,53.6478,81.743,80.2373,89.0451,-30.3976,30.2815,-48.6505,23.7865,59.2713,73.956,61.3402,45.0809,54.1219,24.1466,-14.966,62.3835,11.6576,30.8732,55.2773,65.727,47.8174,75.2805,0.0,73.6713,-9.5612,-53.6199,17.8208,-56.1975],"force":[-39.0374,-92.6359,-18.872,0.0,-40.3942,0.0,26.2313,-24.6414,86.0055,0.0,-77.1786,0.0,0.0,-47.6479,55.2668,0.0,0.0,29.5753,0.0,49.7305,49.3551,-39.9189,45.8786,82.517,44.8046,74.6323,70.2566,95.3409,-82.0123,19.8603,-93.834,44.0079,58.8259,69.4548,43.6553,20.0576,43.1454,0.4169,-45.9316,59.2343,7.9465,9.5957,31.4313,37.1388,20.3829,50.3985,0.0,71.5874,-68.2363,-98.1022,57.42,-88.0547],"direction":[-2.9835,-51.5242,-52.265,0.0,-43.125,0.0,0.8025,-24.1969,29.3529,0.0,-31.3923,0.0,0.0,-35.9073,13.8987,0.0,0.0,23.7019,0.0,40.0579,47.6498,-18.3139,36.4432,57.4629,60.4247,68.9863,72.7118,76.9799,-37.2038,17.7564,-37.3024,20.9656,36.1121,55.994,59.7182,58.8866,58.4045,46.6521,-15.4674,42.5786,35.5445,40.207,53.9309,55.1941,56.0729,63.9473,0.0,57.2237,-35.4084,-44.7192,22.7318,-52.8357],"intensity":[32.6923,98.0769,92.3077,67.3077,13.4615,7.6923,3.8462,63.4615,75.0,32.6923,67.3077,26.9231,36.5385,59.6154,55.7692,36.5385,17.3077,21.1538,9.6154,61.5385,48.0769,48.0769,46.1538,92.3077,59.6154,86.5385,82.6923,88.4615,100.0,94.2308,92.3077,69.2308,90.3846,84.6154,71.1538,38.4615,25.0,34.6154,57.6923,75.0,76.9231,21.1538,34.6154,42.3077,3.8462,76.9231,75.0,71.1538,57.6923,98.0769,75.0,73.0769],"confirmation":[51.2686,90.1008,8.168,32.6872,80.0996,26.2744,49.4201,74.1725,85.4444,27.2599,85.164,3.3125,3.6712,80.2448,78.7162,24.529,24.4176,76.1522,24.5257,83.5866,82.1901,30.5513,80.842,90.4748,84.9469,92.0386,91.8086,95.879,38.6255,75.2425,87.1773,32.1344,84.449,89.2698,85.5695,81.2293,84.605,52.9297,30.8123,85.5143,51.2158,76.6054,83.0015,84.8597,81.2558,88.2268,8.8205,89.5981,34.742,88.9537,33.1171,89.0227],"persistence":[37.5,12.5,12.5,12.5,37.5,25.0,25.0,50.0,25.0,12.5,12.5,12.5,0.0,12.5,12.5,0.0,12.5,0.0,12.5,25.0,37.5,37.5,37.5,50.0,62.5,62.5,75.0,75.0,50.0,75.0,50.0,50.0,50.0,50.0,50.0,50.0,75.0,75.0,75.0,75.0,75.0,75.0,75.0,75.0,75.0,75.0,87.5,87.5,62.5,37.5,37.5,12.5],"assessmentRisk":[16.1218,7.3803,38.9695,49.0211,28.3536,35.0798,29.467,6.433,17.4817,30.2834,1.6601,2.1671,38.2905,25.659,25.6733,32.1202,10.7086,35.0194,0.6506,20.6299,27.3934,34.0498,27.6059,15.0625,22.787,12.2489,12.4458,6.8017,36.6227,33.3967,21.4231,56.3694,0.2315,12.1529,21.6678,27.6645,20.9462,13.1381,11.5747,4.9109,2.8795,13.3195,24.3162,21.2554,27.187,17.4358,40.1097,14.64,29.641,18.9796,46.3422,18.3889],"volumeParticipation":true,"latest":{"consensus":-63.0,"control":-56.2,"force":-88.1,"direction":-52.8,"confirmation":89.0,"persistence":12.5,"assessmentRisk":18.4,"intensity":73.1,"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":"Commitment is strengthening","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-63.0","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-56.2","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-88.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-52.8","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"89/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"49.8","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"3.6%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"22.3","detail":"Range-led","tone":"neutral"},{"label":"Range position","value":"59%","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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