{"schema_version":"1.0","name":"VOW Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"f64261a5-77e5-4d94-bbbf-bea931bef917","symbol":"VOW","name":"Volkswagen AG","exchange":"GER","country":"DE","asset_type":"equity","currency":"EUR","sector":"Consumer Cyclical","industry":"Auto Manufacturers"},"summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. 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, Drawdown and recovery pressure, Range position and boundary pressure, Directional strength and control, Activity pressure and cumulative balance."},{"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":"Aligned downward","stateTone":"negative","summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. Price structure remains downward.","evidenceAlignment":{"status":"Countertrend conflict","headline":"Improving Market Dynamics is challenging the downward price structure","summary":"Market Dynamics weakened this week and remains below zero. The broader path remains constructive, so one softer week does not by itself establish weakening confirmation. Price structure remains downward.","take":"This is an early challenge rather than a confirmed reversal. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":15,"completedEpisodes":15,"activeEpisodes":0,"medianExpectedMove":8.1,"averageExpectedMove":7.9,"averageWeeksToLargestMove":5.7,"horizons":[{"weeks":4,"sample":15,"expectedCount":10,"expectedPercent":66.7,"averageReturn":0.4,"medianReturn":1.1,"confidenceLow":41.7,"confidenceHigh":84.8,"confidence":"Mixed historical record"},{"weeks":12,"sample":15,"expectedCount":8,"expectedPercent":53.3,"averageReturn":-1.8,"medianReturn":0.1,"confidenceLow":30.1,"confidenceHigh":75.2,"confidence":"Mixed historical record"},{"weeks":26,"sample":14,"expectedCount":4,"expectedPercent":28.6,"averageReturn":-8.7,"medianReturn":-8.9,"confidenceLow":11.7,"confidenceHigh":54.6,"confidence":"Mixed historical record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-1.1,"sample":15},{"week":2,"averageReturn":-1.9,"sample":15},{"week":3,"averageReturn":-0.2,"sample":15},{"week":4,"averageReturn":0.4,"sample":15},{"week":5,"averageReturn":-1.3,"sample":15},{"week":6,"averageReturn":-0.6,"sample":15},{"week":7,"averageReturn":-1.7,"sample":15},{"week":8,"averageReturn":-0.9,"sample":15},{"week":9,"averageReturn":-2.2,"sample":15},{"week":10,"averageReturn":-3.0,"sample":15},{"week":11,"averageReturn":-1.5,"sample":15},{"week":12,"averageReturn":-1.8,"sample":15},{"week":13,"averageReturn":-2.2,"sample":15},{"week":14,"averageReturn":-2.5,"sample":15},{"week":15,"averageReturn":-3.3,"sample":15},{"week":16,"averageReturn":-5.0,"sample":15},{"week":17,"averageReturn":-4.2,"sample":15},{"week":18,"averageReturn":-4.9,"sample":15},{"week":19,"averageReturn":-4.5,"sample":15},{"week":20,"averageReturn":-4.8,"sample":15},{"week":21,"averageReturn":-4.8,"sample":15},{"week":22,"averageReturn":-3.5,"sample":15},{"week":23,"averageReturn":-4.6,"sample":15},{"week":24,"averageReturn":-8.2,"sample":15},{"week":25,"averageReturn":-9.6,"sample":15},{"week":26,"averageReturn":-8.7,"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":"Countertrend conflict","tone":"caution","headline":"Market Dynamics is repairing against a downward price structure","use":"The downside structure remains in place, but improving Market Dynamics weakens that case. A positive price response is needed to confirm the repair.","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":"weakening","zone":"accumulation","zoneContext":"Price is within accumulation conditions, but the completed tape has not yet confirmed a recovery. The zone is a watch area rather than a directional signal.","historical":{"label":"Broad directional cases","weeks":12,"sample":0},"nowContext":{"label":"Slightly easier this week","detail":"Market Dynamics weakened this week and remains below zero."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"The broader path remains constructive, so one softer week does not by itself establish weakening confirmation."},"priceContext":{"label":"Price remains in a downward structure","detail":"Improving Market Dynamics has not yet produced a positive price response."}},"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":"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 2.0 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 11.4% across 21 completed cases, with the largest move arriving after 8.1 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":"2024-12-27","price":80.569946}],"distribution_rollovers":[],"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":[93.2265,89.0812,85.1563,87.0967,84.7594,92.4327,87.1408,85.3327,84.583,85.5973,80.3054,77.0861,76.5128,74.0873,73.5581,75.9395,80.0408,79.9526,80.5699,78.1445,81.6724,84.1861,87.8905,89.434,85.0681,91.3744,90.316,94.4613,97.9011,96.7545,91.4625,87.5377,79.4675,77.3066,80.6141,88.4638,87.0085,89.9632,91.198,89.883,91.104,87.535,84.9052,83.4025,87.9577,86.7836,91.5736,86.6897,96.2697,85.7975,91.7615,95.8001,98.6178,95.988,95.2366,96.9272,92.325,86.9715,88.4742,85.3278,86.8776,85.8914,85.7975,89.93,93.593,90.3057,93.4521,101.7172,102.7503,98.6178,98.0542,100.9658,98.5238,94.9548,99.0874,96.6454,95.1427,96.6454,96.7393,95.6123,85.7505,85.2809,81.7119,83.0268,83.966,85.9853,88.8499,83.4964,82.6041,84.7174,84.6234,85.8914,88.1455,84.0129,83.7781,81.85,75.55,76.4,72.35,75.1,73.1,75.85,77.25,75.05],"consensus":[0.0,-64.2583,-68.1007,0.0,-55.1427,36.461,-38.6101,-40.7028,-24.6523,-18.0135,-65.3182,-56.382,-35.7472,-52.9851,-40.8802,0.0,23.7105,9.1536,15.2171,-23.8931,31.1114,38.6296,55.0327,45.0421,0.0,63.3817,18.5292,57.3571,62.4951,17.6332,-17.1357,-37.9997,-62.4854,-40.6554,-12.7035,38.1527,0.0,37.5041,20.2707,0.0,14.547,-29.007,-36.4417,-35.1625,24.7549,-9.3595,50.6091,-25.5621,66.4107,-46.1401,39.0885,51.1433,48.7933,8.9784,13.8193,24.1792,-35.1584,-53.0917,-13.2746,-52.6612,-8.9868,-22.9144,-28.4415,34.1061,43.4794,-8.2698,44.409,74.1827,49.3239,0.0,12.1176,42.6365,0.0,-34.8196,40.2573,-19.8789,-21.1445,12.392,0.0,-12.6283,-74.1844,-40.4452,-68.855,-24.6142,-20.1731,0.0,28.978,-48.6892,-26.7259,0.0,-14.3177,16.9544,24.654,-31.6563,-12.7069,-38.4968,-68.5139,-26.3835,-62.3194,-8.7749,-44.1139,0.0,10.5022,-32.3271],"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":[58.2676,3.3817,8.9775,25.0614,-35.1191,-46.1127,-6.9403,-53.3078,-0.7475,-22.9382,-30.4196,32.9105,39.3311,-17.0079,47.3102,74.4386,50.1464,0.0,0.061,57.9288,0.0,-34.5994,41.2119,-16.601,-17.6456,11.2037,0.0,-12.0585,-74.49,-36.4372,-71.7206,-14.9702,-17.0587,0.0,28.0835,-58.9634,-26.3534,0.0,-6.8366,17.4696,19.0055,-42.4061,-13.3661,-39.4739,-75.4664,-18.1995,-68.1252,-1.1877,-44.2461,0.0,4.1445,-36.8361],"force":[44.2884,19.6537,1.9522,16.5357,-60.4629,-77.8381,-7.8584,-56.6486,-16.0595,-13.6213,-18.2013,61.0308,57.9686,-28.25,49.787,95.2172,32.8758,0.0,6.7775,35.2464,0.0,-60.5066,64.2892,-37.2823,-30.1771,20.6084,0.0,-16.9777,-95.538,-19.4251,-69.2701,-11.6848,-8.6999,0.0,55.3964,-59.5364,-13.5189,0.0,-3.5646,36.9634,33.1346,-31.7423,-1.4663,-36.0794,-70.1122,-2.9501,-51.4981,-42.8351,-37.8827,0.0,31.8523,-37.0842],"direction":[41.1833,43.5557,30.618,28.6306,-17.1287,-43.3918,-35.6089,-49.074,-38.0019,-29.5251,-33.4953,16.2407,37.8709,-15.9881,37.252,58.8657,60.1327,0.0,39.5325,30.4383,0.0,-16.7236,22.0006,-11.1942,-18.6915,7.8813,0.0,-10.1728,-58.5827,-60.0401,-65.2837,-61.5638,-44.3559,0.0,11.13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downward confirmation","headline":"The gauges support the downward market view","summary":"Price structure and Market Dynamics agree. 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":"Control support is strengthening","forceState":"Downward commitment","forcePath":"Broadly stable","directionState":"Downward follow-through","persistenceState":"Developing","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"-32.3","detail":"Joint downward confirmation","tone":"negative"},{"label":"SM Control Gauge","value":"-36.8","detail":"Seller control supports the view","tone":"negative"},{"label":"SM Force Gauge","value":"-37.1","detail":"Downward commitment","tone":"negative"},{"label":"SM Direction Gauge","value":"-23.8","detail":"Downward follow-through","tone":"negative"},{"label":"SM Confirmation Gauge","value":"86/100","detail":"Strong support","tone":"positive"}]},"kpis":[{"label":"Price structure","value":"Aligned downward","detail":"completed-week alignment","tone":"negative"},{"label":"Momentum","value":"39.1","detail":"Negative","tone":"negative"},{"label":"Risk pressure","value":"5.8%","detail":"Contained","tone":"neutral"},{"label":"Trend quality","value":"28.4","detail":"Directional","tone":"positive"},{"label":"Range position","value":"14%","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 and its trend references are aligned 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Market Dynamics construction and private inputs are not disclosed. Historical research is not a forecast or instruction to trade."}