{"schema_version":"1.0","name":"BSL Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"e53d81d1-d8c9-4081-b445-d730b2790d22","symbol":"BSL","name":"Basler Aktiengesellschaft","exchange":"GER","country":"DE","asset_type":"equity","currency":"EUR","sector":"Technology","industry":"Consumer Electronics"},"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, Drawdown and recovery pressure, Acceleration, deceleration and rollover, Activity pressure and cumulative balance, 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":"2026-08-14","observations":260,"displayedObservations":104,"assetType":"Equity","state":"Rotational","stateTone":"caution","summary":"Market Dynamics weakened this week and remains below zero. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":16,"completedEpisodes":14,"activeEpisodes":2,"medianExpectedMove":11.8,"averageExpectedMove":22.1,"averageWeeksToLargestMove":6.4,"horizons":[{"weeks":4,"sample":16,"expectedCount":8,"expectedPercent":50.0,"averageReturn":3.9,"medianReturn":0.2,"confidenceLow":28.0,"confidenceHigh":72.0,"confidence":"Mixed historical record"},{"weeks":12,"sample":14,"expectedCount":8,"expectedPercent":57.1,"averageReturn":8.3,"medianReturn":2.5,"confidenceLow":32.6,"confidenceHigh":78.6,"confidence":"Mixed historical record"},{"weeks":26,"sample":14,"expectedCount":7,"expectedPercent":50.0,"averageReturn":8.1,"medianReturn":-8.0,"confidenceLow":26.8,"confidenceHigh":73.2,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":0.5,"sample":16},{"week":2,"averageReturn":0.5,"sample":16},{"week":3,"averageReturn":1.7,"sample":16},{"week":4,"averageReturn":3.9,"sample":16},{"week":5,"averageReturn":4.4,"sample":15},{"week":6,"averageReturn":4.9,"sample":15},{"week":7,"averageReturn":2.6,"sample":15},{"week":8,"averageReturn":3.6,"sample":14},{"week":9,"averageReturn":3.9,"sample":14},{"week":10,"averageReturn":8.1,"sample":14},{"week":11,"averageReturn":8.7,"sample":14},{"week":12,"averageReturn":8.3,"sample":14},{"week":13,"averageReturn":10.4,"sample":14},{"week":14,"averageReturn":8.3,"sample":14},{"week":15,"averageReturn":5.4,"sample":14},{"week":16,"averageReturn":8.6,"sample":14},{"week":17,"averageReturn":9.3,"sample":14},{"week":18,"averageReturn":10.0,"sample":14},{"week":19,"averageReturn":8.0,"sample":14},{"week":20,"averageReturn":6.1,"sample":14},{"week":21,"averageReturn":5.9,"sample":14},{"week":22,"averageReturn":6.7,"sample":14},{"week":23,"averageReturn":6.0,"sample":14},{"week":24,"averageReturn":6.4,"sample":14},{"week":25,"averageReturn":5.3,"sample":14},{"week":26,"averageReturn":8.1,"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":"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":53.3,"averageReturn":-0.3,"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, 53.3% of comparable cases moved lower after 12 weeks, with an average move of -0.3% 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, 50.0% of completed 12-week outcomes were higher across 4 cases. Distinct visits lasted 9.2 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 19.4% across 15 completed cases, with the largest move arriving after 7.1 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":"2025-05-02","price":9.363655},{"date":"2025-05-30","price":9.204274}],"distribution_rollovers":[{"date":"2026-06-05","price":26.35},{"date":"2026-07-17","price":25.950001}],"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":[10.0012,9.6625,9.3138,9.2541,8.3177,8.9154,9.1345,8.6464,8.1683,5.9569,5.4787,5.7676,5.4289,5.1201,5.8772,5.7078,6.0366,6.0963,5.678,6.186,6.5944,6.6841,6.7239,8.0886,8.1982,8.4671,7.9093,8.0089,7.471,7.202,8.8058,8.766,7.7997,7.8993,7.6702,8.8955,9.3637,9.4433,9.015,9.025,9.2043,9.3736,9.5828,10.1606,12.3521,12.7704,13.5275,13.0693,11.8739,11.4157,13.6869,14.7627,15.8385,16.735,16.8347,17.1136,18.3089,18.0101,17.771,17.9503,18.03,17.9902,17.3327,15.2209,15.6791,15.1014,16.3764,14.8225,13.9259,13.6271,14.3244,15.1412,14.5037,16.6155,16.2171,16.0577,15.5995,16.0178,15.0815,15.6194,14.8225,14.4639,13.8662,12.9497,12.631,13.4677,18.2292,17.6515,18.2691,24.1064,23.8076,27.3439,28.9377,26.35,26.8,31.45,27.65,27.8,28.9,25.95,26.55,25.0,23.85,24.0],"consensus":[-12.8233,-29.6533,-44.9364,-21.1377,-67.9402,0.0,0.0,-44.6705,-45.8315,-80.5615,-64.3966,-28.7658,-60.0822,-57.844,8.0835,-30.8182,0.0,-8.0615,-44.7049,16.9545,24.7848,19.39,20.3721,69.8708,42.1717,49.8019,0.0,25.3834,-24.2253,-17.5803,67.8062,34.0613,-25.8677,19.1581,-18.7793,48.7125,54.1596,34.4411,0.0,19.0302,26.754,30.2464,31.7123,59.1906,78.7266,52.0603,69.6996,12.8805,-18.3792,-17.3285,66.467,73.3134,73.0416,67.3391,43.3841,52.3339,67.3208,17.7573,23.5651,29.5278,16.1061,11.536,0.0,-56.5809,-14.3316,-40.2688,19.2205,-49.3974,-53.1799,-41.2504,0.0,14.2201,-25.793,57.6805,11.3659,9.9082,0.0,12.2162,-34.8726,8.7707,-32.0762,-27.0518,-41.4045,-59.7142,-38.6397,0.0,67.0813,13.8483,45.8932,82.0329,25.6853,83.7028,71.4496,14.8817,48.0447,80.0675,0.0,38.9791,50.2551,-34.3051,8.8084,-29.1432,-40.2025,-12.2596],"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":[73.0627,59.4969,36.9488,50.3338,64.5381,5.1593,18.4763,23.115,16.0791,9.5194,0.0,-47.4186,-7.7582,-35.1794,33.8209,-55.274,-55.205,-38.9129,0.0,20.9132,-34.2922,56.3939,6.6941,7.2115,0.0,21.181,-34.5952,13.9415,-29.9078,-21.1713,-39.0888,-53.9982,-28.6094,0.0,59.0503,2.7429,44.2202,81.7839,10.9547,86.9721,68.6562,1.8249,47.9395,86.5136,0.0,42.4308,56.7463,-27.8929,13.0454,-22.3524,-33.4489,-4.9136],"force":[79.2922,76.2012,18.6414,37.0985,71.3641,21.7839,9.9354,10.5896,5.4523,11.4064,0.0,-90.0175,-4.9795,-40.6356,40.6588,-60.5499,-47.2636,-24.8811,0.0,32.761,-27.0,86.5093,7.0378,0.3142,0.0,16.4418,-46.6347,22.6771,-43.6099,-21.7529,-44.8035,-74.9517,-32.0308,0.0,96.601,23.7631,32.682,97.1044,14.1706,89.2883,67.1415,29.5393,20.8538,77.9304,0.0,16.4924,31.6869,-82.1253,4.734,-48.689,-52.4306,-2.3232],"direction":[68.5528,69.9714,68.4122,65.5022,67.613,60.3987,53.3097,50.3841,31.5358,30.2282,0.0,-43.1689,-35.6376,-45.8232,12.7789,-34.7153,-55.0915,-55.6142,0.0,6.6729,-15.2176,38.5589,29.8507,19.8431,0.0,1.0476,-26.7882,7.072,-26.3159,-37.5572,-41.6231,-55.3629,-54.8236,0.0,55.1741,53.4056,57.2417,71.5522,70.9887,75.9768,77.7194,65.7043,67.5869,74.227,0.0,51.0963,56.0995,-7.4758,6.8765,-22.9429,-39.1865,-31.0714],"intensity":[84.6154,86.5385,46.1538,73.0769,88.4615,65.3846,46.1538,9.6154,75.0,5.7692,84.6154,96.1538,76.9231,30.7692,80.7692,86.5385,84.6154,38.4615,44.2308,59.6154,36.5385,96.1538,75.0,7.6923,13.4615,11.5385,53.8462,17.3077,51.9231,65.3846,42.3077,86.5385,78.8462,48.0769,100.0,98.0769,30.7692,100.0,96.1538,92.3077,90.3846,86.5385,26.9231,94.2308,90.3846,3.8462,50.0,84.6154,67.3077,82.6923,50.0,75.0],"confirmation":[91.5635,89.9381,81.2269,84.313,89.7083,9.3165,31.3836,76.9695,50.9938,28.1231,5.4258,87.2645,27.8267,80.9747,31.9743,84.0575,84.8064,80.7369,31.1994,51.7704,76.161,87.356,27.3155,25.586,26.5936,49.4582,79.5219,49.9937,78.6489,76.5847,81.3883,87.66,80.3161,32.4704,90.488,8.5239,82.3087,94.7136,32.9188,94.9053,90.7752,10.354,82.5472,93.4582,8.0265,79.7354,83.4168,57.866,25.2966,78.025,81.3404,26.7529],"persistence":[50.0,50.0,50.0,50.0,75.0,100.0,100.0,100.0,100.0,100.0,87.5,62.5,37.5,12.5,12.5,12.5,37.5,62.5,62.5,37.5,37.5,12.5,12.5,12.5,25.0,50.0,37.5,37.5,37.5,12.5,12.5,37.5,50.0,62.5,37.5,37.5,12.5,12.5,37.5,62.5,87.5,100.0,100.0,100.0,87.5,87.5,87.5,62.5,62.5,37.5,12.5,12.5],"assessmentRisk":[13.4554,16.3291,28.1738,23.1287,15.7481,35.931,27.2095,21.9814,23.6409,7.096,22.1615,21.5394,42.516,29.8052,50.7483,4.1831,21.2053,26.6354,45.6126,9.5332,40.7103,20.6862,41.024,28.9529,43.0675,33.8755,23.6609,26.5402,20.2443,34.3375,24.2875,19.9749,30.2834,43.5578,16.2261,42.9261,27.0115,8.98,36.6786,8.1351,14.2696,29.7436,18.9539,6.5169,24.4128,4.6476,7.0152,31.0516,23.5386,23.5635,28.5446,27.849],"volumeParticipation":true,"latest":{"consensus":-12.3,"control":-4.9,"force":-2.3,"direction":-31.1,"confirmation":26.8,"persistence":12.5,"assessmentRisk":27.8,"intensity":75.0,"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":"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":"-12.3","detail":"Market Dynamics has stronger support","tone":"negative"},{"label":"SM Control Gauge","value":"-4.9","detail":"Control support is limited","tone":"negative"},{"label":"SM Force Gauge","value":"-2.3","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-31.1","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"27/100","detail":"Limited support","tone":"caution"}]},"kpis":[{"label":"Price structure","value":"Rotational","detail":"completed-week alignment","tone":"caution"},{"label":"Momentum","value":"53.3","detail":"Positive","tone":"positive"},{"label":"Risk pressure","value":"10.8%","detail":"Normal","tone":"neutral"},{"label":"Trend quality","value":"31.8","detail":"Directional","tone":"positive"},{"label":"Range position","value":"63%","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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