{"schema_version":"1.0","name":"AMRZ Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"efc28b9e-0507-4c00-bb5b-b20f164880cb","symbol":"AMRZ","name":"Amrize Ltd","exchange":"NYSE","country":"US","asset_type":"equity","currency":"USD","sector":"Basic Materials","industry":"Building Materials"},"summary":"Market Dynamics improved this week but remains below zero. Underlying support has contracted across the recent completed path. Price structure remains downward.","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, Drawdown and recovery pressure, 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":60,"displayedObservations":60,"assetType":"Equity","state":"Aligned downward","stateTone":"negative","summary":"Market Dynamics improved this week but remains below zero. 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conflict","tone":"caution","headline":"Price and Market Dynamics remain aligned downward","use":"The downside remains supported until Market Dynamics repairs or price structure changes.","confirm":"This is an early challenge rather than a confirmed reversal. Price must respond to the improvement before the downward technical state can be considered resolved.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"negative","direction":"strengthening","zone":"accumulation","zoneContext":"Price is within accumulation conditions while Market Dynamics is improving. A green marker is required before the recovery is treated as confirmed.","historical":{"label":"Broad directional cases","weeks":12,"direction":"lower","percent":50.0,"averageReturn":-1.8,"sample":2},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics improved this week but remains below zero."},"fourWeekContext":{"label":"Weakened over four weeks","detail":"Underlying support has contracted across the recent completed path."},"priceContext":{"label":"Price structure is downward","detail":"Price is responding in the same broad direction as Market Dynamics."}},"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":"Capital protection","title":"Treat agreement on the downside as a defensive condition","tone":"negative","approach":"Reduce the burden of proof for risk control and raise it for new long exposure. A short position still needs a defined entry, exit and maximum loss.","finding":"In this ticker's completed record, 50.0% of comparable cases moved lower after 12 weeks, with an average move of -1.8% across 2 cases.","watch":"Reassess the reading when either price structure or the Market Dynamics state changes materially."},{"eyebrow":"Disagreement playbook","title":"Use unsupported price strength to tighten discipline","tone":"caution","finding":"Comparable disagreements produced an average pullback of 14.7% across 1 completed cases, with the largest move arriving after 5.0 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 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Control, force and direction support the same downward assessment.","take":"Current assessment: downward pressure has broad support.","tone":"negative","supportedView":"Price structure and Market Dynamics","direction":"downward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Seller control supports the view","controlPath":"Broadly stable","forceState":"Commitment is limited","forcePath":"Commitment is easing","directionState":"Downward follow-through","persistenceState":"Established","confirmationState":"Strong support","riskState":"Contained","intensityState":"Elevated"},"cards":[{"label":"SM Consensus Gauge","value":"-31.1","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-30.7","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-10.2","detail":"Commitment is limited","tone":"negative"},{"label":"SM Direction Gauge","value":"-46.6","detail":"Downward 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downward.","series":[{"label":"Close","values":[48.5361,49.4076,49.9127,49.1204,50.8436,50.5168,47.2091,50.8832,50.7446,51.5071,53.1214,54.5276,49.9127,47.2091,48.2489,46.506,48.1301,49.0907,51.3388,48.962,48.348,47.6844,51.012,54.2107,55.716,53.7453,55.211,54.8941,56.7658,54.0028,53.7156,52.1112,57.8452,58.2612,64.5003,64.3616,57.558,55.0129,52.0518,53.2798,53.7057,57.4392,57.1421,57.4293,53.2681,52.7791,49.01,49.95,54.39,53.58,53.17,55.35,55.87,53.64,50.75,49.74,49.25,48.91,46.64,46.69],"stroke":"#10243b","width":2.1},{"label":"Fast 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impulse","title":"Acceleration, deceleration and rollover","description":"The impulse path separates directional acceleration from a loss of momentum.","reason":"Selected because the latest impulse is unusually active or is approaching a change of direction.","series":[{"label":"Impulse","values":[null,null,null,null,null,null,null,null,null,null,null,null,0.8687,0.5151,0.3152,0.0159,-0.0892,-0.0939,0.0828,0.0308,-0.0594,-0.1823,-0.011,0.3785,0.7994,0.9628,1.1968,1.3412,1.5884,1.5436,1.4679,1.2639,1.5471,1.7846,2.448,2.9287,2.7293,2.3389,1.7702,1.4024,1.1323,1.2055,1.2255,1.2501,0.9231,0.6175,0.0703,-0.2843,-0.2046,-0.2045,-0.2347,-0.0819,0.0803,0.0286,-0.2429,-0.5333,-0.7939,-1.0161,-1.3597,-1.6094],"stroke":"#1678a7","width":2.0},{"label":"Signal","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.4336,0.3281,0.2791,0.2294,0.1717,0.1009,0.0785,0.1385,0.2707,0.4091,0.5666,0.7216,0.8949,1.0247,1.1133,1.1434,1.2242,1.3362,1.5586,1.8326,2.012,2.0774,2.0159,1.8932,1.741,1.6339,1.5522,1.4918,1.3781,1.226,0.9948,0.739,0.5503,0.3993,0.2725,0.2016,0.1774,0.1476,0.0695,-0.051,-0.1996,-0.3629,-0.5623,-0.7717],"stroke":"#b87806","width":1.7},{"label":"Expansion","values":[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,-0.5228,-0.422,-0.1962,-0.1987,-0.231,-0.2831,-0.0895,0.24,0.5287,0.5537,0.6302,0.6197,0.6935,0.5189,0.3546,0.1205,0.323,0.4483,0.8894,1.0961,0.7174,0.2616,-0.2457,-0.4908,-0.6088,-0.4284,-0.3268,-0.2417,-0.4549,-0.6085,-0.9245,-1.0233,-0.7549,-0.6038,-0.5073,-0.2835,-0.0971,-0.1191,-0.3124,-0.4823,-0.5943,-0.6532,-0.7974,-0.8377],"stroke":"#07865c","width":1.0,"fill":"rgba(7,134,92,.12)"}],"guides":[{"label":"Neutral","values":[0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0,0.0],"stroke":"#8fa0af","width":1.0,"dash":[6,5]}],"dates":["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"]},{"key":"participation","eyebrow":"Participation","title":"Activity 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risk","title":"Drawdown and recovery pressure","description":"Capital impairment and recovery are shown together so return is not separated from path difficulty.","reason":"Selected because the current recovery or drawdown path is central to the tape.","series":[{"label":"Drawdown","values":[0.0,0.0,0.0,-1.5873,0.0,-0.6428,-7.1484,0.0,-0.2725,0.0,0.0,0.0,-8.4635,-13.4217,-11.5147,-14.7112,-11.7327,-9.9709,-5.8482,-10.207,-11.3331,-12.5499,-6.4475,-0.5812,0.0,-3.5371,-0.9065,-1.4753,0.0,-4.8674,-5.3733,-8.1996,0.0,0.0,0.0,-0.215,-10.7631,-14.709,-19.2999,-17.396,-16.7358,-10.9473,-11.408,-10.9627,-17.4142,-18.1723,-24.0158,-22.5585,-15.6748,-16.9306,-17.5662,-14.1864,-13.3802,-16.8376,-21.3182,-22.884,-23.6437,-24.1709,-27.6902,-27.6127],"stroke":"#c13f3f","width":1.9,"fill":"rgba(193,63,63,.10)"},{"label":"Recovery","values":[null,null,null,null,null,null,null,7.7827,7.489,9.1043,12.5236,15.5024,5.7269,0.0,2.2026,0.0,3.4923,5.5579,10.3918,5.2811,3.9608,2.5341,9.6891,16.5673,19.8041,15.5664,18.7181,18.0366,22.0613,16.1201,15.5026,12.0528,24.3825,25.2768,38.6925,38.3944,23.7649,18.2922,11.925,14.5656,15.4813,20.4569,19.8339,20.4361,11.7095,10.6841,2.7798,1.918,10.9774,9.3246,8.4881,12.9361,13.9971,9.4471,3.5503,1.4895,0.4897,0.0,0.0,0.1072],"stroke":"#07865c","width":1.7}],"guides":[{"label":"Prior 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}