{"schema_version":"1.0","name":"1321 Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"e1b757ab-aeaf-424d-8fa8-20a860b238f4","symbol":"1321","name":"East Pipes Integrated Company for Industry","exchange":"SAU","country":"SA","asset_type":"equity","currency":"SAR","sector":"Basic Materials","industry":"Steel"},"summary":"Market Dynamics weakened this week and remains below zero. Underlying support has contracted across the recent completed path. Price structure remains rotational.","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, Directional strength and control, Activity pressure and cumulative balance, 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":231,"displayedObservations":104,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":2.0,"sample":15},{"week":2,"averageReturn":1.3,"sample":15},{"week":3,"averageReturn":3.5,"sample":15},{"week":4,"averageReturn":6.7,"sample":14},{"week":5,"averageReturn":5.0,"sample":14},{"week":6,"averageReturn":5.4,"sample":14},{"week":7,"averageReturn":1.9,"sample":14},{"week":8,"averageReturn":1.7,"sample":14},{"week":9,"averageReturn":3.2,"sample":14},{"week":10,"averageReturn":5.4,"sample":14},{"week":11,"averageReturn":5.6,"sample":14},{"week":12,"averageReturn":7.6,"sample":13},{"week":13,"averageReturn":7.9,"sample":13},{"week":14,"averageReturn":9.7,"sample":13},{"week":15,"averageReturn":9.5,"sample":13},{"week":16,"averageReturn":10.7,"sample":13},{"week":17,"averageReturn":12.6,"sample":13},{"week":18,"averageReturn":14.5,"sample":13},{"week":19,"averageReturn":16.0,"sample":13},{"week":20,"averageReturn":14.9,"sample":13},{"week":21,"averageReturn":15.0,"sample":13},{"week":22,"averageReturn":15.9,"sample":13},{"week":23,"averageReturn":15.1,"sample":13},{"week":24,"averageReturn":16.9,"sample":13},{"week":25,"averageReturn":16.2,"sample":12},{"week":26,"averageReturn":17.9,"sample":12}]}},"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":"Underlying support lags price","tone":"caution","headline":"Price is leading its underlying support","use":"Market Dynamics must catch up or price may correct toward the weaker underlying position.","confirm":"This is a downside risk watch, not a completed reversal. Stronger Market Dynamics or weaker price is needed to close the gap.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"weakening","zone":"middle","zoneContext":"Price has advanced further through its recent range than Market Dynamics. The gap is an early-downside risk watch; stronger underlying support or a price reset is needed to close it.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":40.0,"averageReturn":12.9,"sample":15},"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 is ahead of the underlying support","detail":"Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets."}},"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, 40.0% of comparable cases moved lower after 12 weeks, with an average move of 12.9% across 15 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"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 2 cases. Distinct visits lasted 12.5 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 9.0% across 15 completed cases, with the largest move arriving after 5.5 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":"2026-07-24","price":199.699997}],"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":[144.0737,141.9746,140.8296,138.3489,141.7838,143.1195,143.1195,144.4553,156.4773,150.5617,158.9581,152.6608,137.2039,135.4865,137.2039,137.2039,135.2957,128.8076,131.4791,134.2617,133.4901,134.8404,155.0954,150.6586,144.8715,159.1464,150.0799,157.6032,137.5411,141.5921,138.5056,144.4857,141.785,125.1952,133.1043,129.0533,128.2817,123.8448,124.8094,116.3216,119.6009,112.2706,106.8692,103.204,121.53,120.5655,120.2761,114.9712,110.1486,104.1686,109.9492,105.216,106.1035,104.8216,104.9202,104.5257,108.5687,116.9505,124.9378,132.3335,130.0655,130.1641,145.4,140.0,142.0,136.7,134.2,135.6,144.8,140.0,140.4,137.9,134.4,128.0,130.0,152.2,159.8,152.5,147.0,139.9,136.0,135.4,141.4,151.0,168.6715,172.5941,183.087,181.0277,194.1684,191.5206,185.3425,192.109,192.109,212.9,218.5,223.0,227.0,216.0,227.0,223.0,199.7,184.0,191.3,191.5],"consensus":[14.5643,-11.0702,0.0,-11.8535,12.531,0.0,8.6387,15.7477,55.6411,0.0,50.817,-9.0142,-60.5111,-27.1259,-10.4286,-16.1119,-23.1732,-52.1307,-16.8699,0.0,-22.0022,0.0,66.062,10.6572,-9.3575,61.7363,-16.8891,45.2617,-49.5685,0.0,-28.0234,0.0,0.0,-57.0969,-11.9474,-36.7971,-32.8672,-42.1308,-22.7349,-61.8583,0.0,-57.3744,-57.7718,-38.37,36.7741,0.0,0.0,-21.4701,-43.5423,-58.584,0.0,-46.6302,-22.1105,-31.0148,-20.0846,-8.8004,22.3521,56.2253,59.465,73.1394,31.9654,24.8579,81.8155,15.4656,47.3755,9.686,0.0,18.8258,59.8786,0.0,18.7785,0.0,-21.3938,-51.6182,-9.0758,63.6762,67.3438,0.0,0.0,-32.8761,-23.4127,-26.9267,14.4568,55.6229,71.6685,61.2659,67.6411,38.3716,76.2102,28.9549,0.0,53.781,23.585,77.3742,61.6725,57.586,53.3377,0.0,55.7554,17.5826,-48.7043,-62.7684,0.0,-30.5984],"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":[-25.6352,-44.5429,-19.2461,-6.1271,23.3004,49.8628,49.6047,71.7512,27.5384,10.3795,82.3219,7.066,46.4916,0.6275,0.0,27.5057,63.233,0.0,11.9322,0.0,-15.7996,-52.2022,-0.3569,54.0831,66.4826,0.0,0.0,-31.093,-12.7472,-22.0892,26.8416,50.4897,67.5067,60.2771,61.5883,36.7575,75.2296,21.4812,0.0,57.5498,29.513,78.6923,56.9905,60.3906,53.5433,0.0,55.0071,21.7635,-39.5819,-65.163,0.0,-26.3948],"force":[-4.5582,-21.5581,-5.3935,-5.0935,49.954,85.2822,78.2903,87.3082,3.1649,0.1497,96.6445,32.5474,27.5713,26.6209,0.0,10.1026,76.1988,0.0,4.1727,0.0,-35.7893,-67.263,-8.9438,93.8118,78.5247,0.0,0.0,-50.9748,-22.4892,-21.4296,27.6747,85.5417,95.3631,62.0369,79.5845,4.5294,89.5207,8.8188,0.0,47.5054,1.7896,92.3371,62.5488,40.9353,34.7078,0.0,64.6016,11.8794,-89.2216,-73.2591,0.0,-20.2819],"direction":[-30.6195,-22.3089,-31.5366,-21.7799,1.5528,42.7417,57.2874,64.6054,62.1181,59.2674,70.6445,59.3603,62.5314,45.972,0.0,15.1368,44.3876,0.0,37.0356,0.0,-17.5047,-39.776,-32.7271,53.1145,60.3418,0.0,0.0,-21.9864,-36.2614,-36.3818,9.1385,40.1188,59.5002,61.8453,66.0277,64.3892,67.8235,64.4776,0.0,53.9564,34.9349,65.1799,66.3974,66.274,66.4099,0.0,50.292,33.8487,-30.1891,-52.5384,0.0,-42.7715],"intensity":[21.1538,44.2308,7.6923,11.5385,30.7692,75.0,80.7692,57.6923,28.8462,26.9231,84.6154,53.8462,19.2308,42.3077,19.2308,21.1538,75.0,36.5385,17.3077,26.9231,28.8462,57.6923,23.0769,100.0,96.1538,59.6154,59.6154,69.2308,73.0769,13.4615,55.7692,82.6923,94.2308,92.3077,88.4615,57.6923,82.6923,80.7692,57.6923,71.1538,80.7692,98.0769,82.6923,53.8462,69.2308,78.8462,80.7692,86.5385,100.0,96.1538,51.9231,59.6154],"confirmation":[51.82,77.4304,51.3255,26.1867,53.3128,86.9746,87.7528,91.8576,55.2343,52.7783,94.6252,10.5572,82.5701,7.8102,26.8478,73.6261,87.6074,6.3598,51.0016,3.9665,75.37,84.9857,4.483,89.441,89.9039,10.714,30.6324,79.0991,75.6264,76.5227,29.4565,86.7893,91.7195,87.6437,90.1014,56.6055,92.8079,32.7763,10.3232,84.9612,52.3987,93.1957,87.8332,85.8773,84.4972,33.4774,86.1227,29.8658,84.9592,88.3691,8.0472,77.5411],"persistence":[62.5,75.0,87.5,87.5,62.5,37.5,25.0,0.0,25.0,50.0,75.0,100.0,100.0,100.0,87.5,87.5,87.5,75.0,75.0,62.5,37.5,12.5,0.0,0.0,0.0,0.0,12.5,25.0,25.0,25.0,0.0,0.0,0.0,12.5,25.0,50.0,75.0,100.0,87.5,87.5,87.5,87.5,87.5,87.5,87.5,75.0,87.5,87.5,62.5,37.5,25.0,0.0],"assessmentRisk":[16.0019,20.4578,23.0083,1.1672,7.7734,21.5693,20.2452,13.4284,34.0022,37.2571,9.0457,35.8216,25.1576,35.7409,44.6985,41.3681,8.2387,21.2724,28.8795,17.4592,36.6565,22.3879,42.3813,16.0088,16.2134,47.1474,48.0381,28.9654,37.9963,35.3419,37.8888,15.8529,14.0768,19.3375,16.1706,30.681,11.7358,34.6736,12.1574,18.0454,26.0635,10.8685,19.146,21.1745,23.3202,19.5547,10.7382,8.7913,24.992,18.2873,46.4938,34.3335],"volumeParticipation":true,"latest":{"consensus":-30.6,"control":-26.4,"force":-20.3,"direction":-42.8,"confirmation":77.5,"persistence":0.0,"assessmentRisk":34.3,"intensity":59.6,"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":"Broadly stable","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Normal"},"cards":[{"label":"SM Consensus Gauge","value":"-30.6","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-26.4","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-20.3","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-42.8","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"78/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"52.1","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"8.0%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"32.3","detail":"Directional","tone":"positive"},{"label":"Range position","value":"61%","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 is rotating through its trend 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