{"schema_version":"1.0","name":"BCG Technical Research Pack","type":"technical_research_pack","method_version":"technical-research-pack-1","as_of":"2026-08-14","ticker":{"uuid":"fc7b4ab5-76a7-4d2c-b718-8a86ff50aa31","symbol":"BCG","name":"Baltic Classifieds Group PLC","exchange":"LSE","country":"GB","asset_type":"equity","currency":"GBP","sector":"Communication Services","industry":"Internet Content & Information"},"summary":"Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.","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, Acceleration, deceleration and rollover, 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":"Rotational","stateTone":"caution","summary":"Market Dynamics strengthened this week and remains positive. 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cautious, Market Dynamics positive","kind":"disagreement","expectedDirection":"higher","episodes":27,"completedEpisodes":26,"activeEpisodes":1,"medianExpectedMove":12.0,"averageExpectedMove":14.2,"averageWeeksToLargestMove":8.6,"horizons":[{"weeks":4,"sample":27,"expectedCount":19,"expectedPercent":70.4,"averageReturn":4.9,"medianReturn":4.8,"confidenceLow":51.5,"confidenceHigh":84.1,"confidence":"Historically consistent"},{"weeks":12,"sample":26,"expectedCount":21,"expectedPercent":80.8,"averageReturn":7.9,"medianReturn":8.2,"confidenceLow":62.1,"confidenceHigh":91.5,"confidence":"Historically consistent"},{"weeks":26,"sample":24,"expectedCount":21,"expectedPercent":87.5,"averageReturn":17.2,"medianReturn":21.2,"confidenceLow":69.0,"confidenceHigh":95.7,"confidence":"Historically 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record"}],"path":[{"week":0,"sample":0},{"week":1,"averageReturn":-0.3,"sample":3},{"week":2,"averageReturn":-1.6,"sample":3},{"week":3,"averageReturn":-4.9,"sample":3},{"week":4,"averageReturn":-5.5,"sample":3},{"week":5,"averageReturn":-6.5,"sample":3},{"week":6,"averageReturn":-6.6,"sample":3},{"week":7,"averageReturn":-12.8,"sample":3},{"week":8,"averageReturn":-8.1,"sample":3},{"week":9,"averageReturn":-5.6,"sample":3},{"week":10,"averageReturn":-4.8,"sample":3},{"week":11,"averageReturn":-8.3,"sample":3},{"week":12,"averageReturn":-8.9,"sample":3},{"week":13,"averageReturn":-7.6,"sample":3},{"week":14,"averageReturn":-8.3,"sample":3},{"week":15,"averageReturn":-8.0,"sample":3},{"week":16,"averageReturn":-9.2,"sample":3},{"week":17,"averageReturn":-11.5,"sample":3},{"week":18,"averageReturn":-14.9,"sample":3},{"week":19,"averageReturn":-17.4,"sample":3},{"week":20,"averageReturn":-20.0,"sample":3},{"week":21,"averageReturn":-22.9,"sample":3},{"week":22,"averageReturn":-20.1,"sample":3},{"week":23,"averageReturn":-19.3,"sample":3},{"week":24,"averageReturn":-21.5,"sample":3},{"week":25,"averageReturn":-25.5,"sample":3},{"week":26,"averageReturn":-29.3,"sample":3}]},"currentApplication":{"status":"Underlying strength ahead of price","tone":"caution","headline":"Underlying strength is leading price","use":"A positive price response is needed before the early upside case is confirmed.","confirm":"Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.","invalidate":"Reassess the reading when either price structure or the Market Dynamics state changes materially.","level":"positive","direction":"strengthening","zone":"middle","zoneContext":"Market Dynamics has strengthened across the recent completed path and remains strongly positive, while price has not advanced as far through its range. The gap is an early-upside watch; a positive price response is needed for confirmation.","historical":{"label":"Broad directional cases","weeks":12,"direction":"higher","percent":80.8,"averageReturn":7.9,"sample":26},"nowContext":{"label":"Stronger this week","detail":"Market Dynamics strengthened this week and remains positive."},"fourWeekContext":{"label":"Strengthened over four weeks","detail":"Underlying support has strengthened across the recent completed path."},"priceContext":{"label":"Price is lagging the underlying strength","detail":"Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required."}},"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":"Early repair watch","title":"Prepare the case before price confirms the recovery","tone":"recovery","approach":"Use the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.","finding":"In this ticker's completed record, 80.8% of comparable cases moved higher after 12 weeks, with an average move of 7.9% across 26 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, 57.1% of completed 12-week outcomes were higher across 7 cases. Distinct visits lasted 5.3 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 improving Market Dynamics to prepare, not anticipate","tone":"recovery","finding":"Comparable disagreements produced an average recovery of 14.2% across 26 completed cases, with the largest move arriving after 8.6 weeks on average.","approach":"Define the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.","watch":"The early repair fails if Market Dynamics fades before price responds."}]},"summary":"This record compares the ticker's completed price path with its published Market Dynamics history."},"events":{"positioning_recoveries":[{"date":"2026-04-17","price":211.399994},{"date":"2026-08-07","price":205.0}],"distribution_rollovers":[{"date":"2024-12-13","price":319.459229},{"date":"2025-07-04","price":327.458221},{"date":"2025-08-08","price":341.95636}],"price_pressure_gaps":[{"date":"2025-02-14","price":356.454498},{"date":"2025-05-16","price":368.952911},{"date":"2025-07-11","price":361.953827}]}},"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":[260.4427,284.4374,281.938,286.4547,283.4551,298.4528,303.452,305.4516,327.4482,325.4485,316.9498,318.4496,339.4463,340.4461,346.4452,348.4449,319.4592,317.4595,312.9601,326.4583,315.4597,334.9572,330.4578,343.4562,342.4563,356.4545,344.4561,343.9561,313.46,312.4601,316.9595,310.9603,290.9629,311.4603,325.4584,342.4563,340.4565,343.4562,368.9529,362.4538,360.454,364.4535,373.9523,364.4535,366.9532,327.4582,361.9538,377.4518,365.9533,356.9544,341.9564,335.4572,338.9567,329.9579,326.9583,323.9808,326.9806,299.4822,305.4819,299.9822,294.9825,308.9817,294.9825,263.4844,232.9862,230.4863,236.486,175.3896,194.4,201.5,200.5,203.5,198.2,198.6,211.0,203.5,188.4,183.6,188.0,185.4,191.2,190.4,180.0,170.8,187.4,197.0,211.4,197.0,197.5,195.4,189.0,187.1,179.4,193.1,186.3,191.4,185.8,173.0,182.1,180.7,185.0,199.0,205.0,209.2],"consensus":[-14.0317,57.0143,18.3986,28.9173,16.1199,56.7676,46.3389,32.5408,72.009,32.9668,8.4175,22.3447,64.8091,34.3792,41.4535,35.9001,-39.34,-12.9873,-16.5264,17.8536,-24.1537,38.9252,0.0,35.9321,21.6864,34.055,-8.74,0.0,-52.5551,-22.4498,-12.6285,-32.9093,-51.8343,17.0622,24.503,44.8356,23.2837,29.5873,58.8069,19.1148,18.903,31.4461,46.3413,0.0,17.0404,-52.3433,39.0856,42.8374,0.0,0.0,-36.3918,-26.0791,-12.8215,-35.7908,-25.7425,-18.3252,-12.6198,-50.7256,-17.377,-41.481,-45.3023,10.9042,-45.5438,-70.6152,-74.4339,-39.2424,-20.2579,-82.4339,0.0,-13.4392,-35.454,-12.4634,-34.8699,-26.1421,11.5238,-32.809,-50.0596,-39.4737,-10.3256,-23.5708,0.0,0.0,-43.1268,-47.9432,15.7533,24.2794,55.207,-10.1181,12.8487,0.0,-28.1333,-16.7535,-40.8181,0.0,-16.6843,9.69,0.0,-49.251,0.0,-12.0852,8.1495,44.5405,35.2595,37.7802],"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":[-4.3153,-33.7641,-23.8985,-13.8949,-7.3517,-38.592,-11.4744,-46.7481,-47.8978,13.9729,-52.1911,-72.612,-72.5421,-28.5707,-6.9294,-82.8434,0.0,-1.7223,-29.2274,-25.3441,-39.6726,-31.1074,9.9007,-41.65,-54.176,-43.3704,-0.723,-18.4327,0.0,0.0,-50.9864,-57.9312,20.5406,22.7678,50.795,-26.0335,7.2825,0.0,-29.1207,-17.5355,-43.834,0.0,-23.579,6.4699,0.0,-54.8289,0.0,-7.6277,7.2027,36.6431,27.3643,32.764],"force":[-0.8021,-33.1562,-14.7069,-3.8468,-0.3117,-70.9023,-8.1793,-27.0547,-34.7527,36.9994,-47.3465,-83.4817,-88.759,-17.2905,-19.1649,-96.1771,0.0,-33.9028,-9.7032,-22.6785,-27.0292,-2.1906,46.1858,-31.0806,-57.977,-27.1177,-16.7765,-9.1574,0.0,0.0,-48.5241,-42.2566,44.3958,35.3568,70.1116,-36.122,12.4184,0.0,-36.3952,-15.8891,-48.747,0.0,-18.2085,13.3825,0.0,-54.4759,0.0,-8.0418,20.7481,57.9266,28.7577,25.1973],"direction":[-32.2739,-39.989,-35.7324,-33.7302,-27.8774,-50.1808,-42.3774,-45.7659,-49.8713,11.2422,-36.6591,-59.1427,-66.3637,-67.1185,-63.6497,-72.1494,0.0,-60.6457,-60.9634,-22.844,-34.9815,-37.5756,11.3796,-23.9397,-39.6997,-43.846,-42.3113,-39.7381,0.0,0.0,-30.2892,-40.5901,10.1768,18.0945,49.6031,-26.6452,19.5173,0.0,-21.1036,-16.4772,-31.7079,0.0,-7.716,10.7327,0.0,-39.1442,0.0,-20.0677,0.2326,44.0046,48.9269,52.5009],"intensity":[69.2308,28.8462,19.2308,13.4615,25.0,96.1538,84.6154,9.6154,9.6154,53.8462,53.8462,84.6154,94.2308,92.3077,11.5385,100.0,92.3077,57.6923,23.0769,13.4615,28.8462,15.3846,51.9231,36.5385,65.3846,51.9231,5.7692,5.7692,15.3846,48.0769,48.0769,65.3846,65.3846,61.5385,59.6154,61.5385,34.6154,30.7692,46.1538,9.6154,26.9231,61.5385,28.8462,9.6154,26.9231,53.8462,44.2308,25.0,40.3846,86.5385,51.9231,3.8462],"confirmation":[26.6551,79.4037,75.9294,50.8237,26.4577,85.032,29.2833,80.754,82.1357,29.3029,82.5277,90.9586,92.2842,80.0512,9.5727,94.7915,13.983,10.2689,78.6554,30.2258,78.8462,52.8932,29.863,78.3115,84.1976,80.1957,6.3798,75.1817,28.2405,25.4165,81.8453,83.0163,30.6787,76.13,86.1877,32.1387,49.5166,25.2201,77.2394,73.3229,81.2575,25.1792,50.6137,48.5957,1.23,83.8346,27.879,49.1453,25.6729,82.7812,79.2052,79.7826],"persistence":[25.0,25.0,50.0,75.0,87.5,100.0,100.0,100.0,100.0,75.0,75.0,75.0,75.0,75.0,75.0,75.0,62.5,87.5,87.5,87.5,87.5,87.5,62.5,62.5,75.0,75.0,75.0,75.0,62.5,50.0,75.0,75.0,50.0,25.0,0.0,0.0,12.5,12.5,12.5,12.5,12.5,25.0,50.0,25.0,37.5,50.0,37.5,37.5,12.5,0.0,25.0,25.0],"assessmentRisk":[39.7608,28.1982,22.82,21.0827,24.8759,21.6378,36.2631,28.3397,27.2982,31.8542,16.0742,14.4467,12.7706,30.3779,39.8471,8.7683,44.1898,36.7924,29.0303,49.7517,26.359,6.2634,17.3002,16.4045,2.243,13.642,36.9371,25.7851,12.6264,41.3572,19.2759,24.2761,28.296,18.8118,22.2198,54.502,31.9915,6.4347,35.2068,31.5319,27.623,15.1007,4.7606,15.956,30.1815,24.2352,25.1539,37.9877,9.6827,27.5612,31.9807,31.0269],"volumeParticipation":true,"latest":{"consensus":37.8,"control":32.8,"force":25.2,"direction":52.5,"confirmation":79.8,"persistence":25.0,"assessmentRisk":31.0,"intensity":3.8,"evidenceDepth":100},"analysis":{"status":"Market Dynamics has stronger support","headline":"The gauges support the upward view","summary":"The completed evidence gives the upward view the clearer support.","take":"Current assessment: upward pressure has the stronger support.","tone":"positive","supportedView":"Market Dynamics","direction":"upward","disagreement":false},"support":{"window":"Latest 12 months","controlState":"Buyer control supports the view","controlPath":"Control support is strengthening","forceState":"Upward commitment","forcePath":"Commitment is strengthening","directionState":"Upward follow-through","persistenceState":"Unsettled","confirmationState":"Strong support","riskState":"Contained","intensityState":"Quiet"},"cards":[{"label":"SM Consensus Gauge","value":"+37.8","detail":"Market Dynamics has stronger support","tone":"positive"},{"label":"SM Control Gauge","value":"+32.8","detail":"Buyer control supports the view","tone":"positive"},{"label":"SM Force Gauge","value":"+25.2","detail":"Upward 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