{
  "ticker": {
    "uuid": "00f69b26-e2e2-4a43-8d23-112d07612fae",
    "symbol": "SENA",
    "name": "Sena Development Public Company Limited",
    "exchange": "SET",
    "country": "TH",
    "assetType": "equity"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^SET.BK",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 77.344,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Re-acceleration watch",
    "architecture_gate": "up",
    "architecture_direction": 40.473,
    "architecture_energy": 30.415,
    "architecture_maturity": 22.678,
    "architecture_confidence": 47.922,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The prior uptrend is attempting to re-accelerate.",
        "body": "Positive Trend survived a recompression and Fast Activity is strengthening again. Promotion requires renewed confirmation across the completed evidence set."
      },
      "scores": {
        "balance": 47.45,
        "rotation_up": 58.64,
        "upward_expansion": 67.13,
        "deceleration": 56.71,
        "rotation_down": 9.23,
        "downward_expansion": 8.13
      },
      "activity_lines": [
        1.792667,
        1.775818,
        1.777134,
        1.768847
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 1.77,
    "trend_reference": 1.741313,
    "distance_from_trend": 0.016474,
    "trend_direction": "Improving",
    "fair_value": 1.898156,
    "distance_from_fair_value": -0.067516,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.341449,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.108059,
    "excess_performance": -0.084266,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.016474,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.030484,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.067516,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.05081,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.113414,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.101342,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.108059,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.157373,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 2025500,
      "relative_activity": 1.11967,
      "balance": 0.157373,
      "dry_up": 0.713966,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.034407,
      "annualized_volatility": 0.187878,
      "from_high_reference": -0.097724,
      "from_low_reference": 0.162442
    },
    "levels": {
      "trend_reference": 1.741313,
      "fair_value_reference": 1.898156,
      "structural_low": 1.578705,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": -0.030151,
        "positive_rate": 0.181818,
        "directional_follow_through": 0.181818,
        "median_excess_return": -0.018495,
        "regime_survival": 0.454545,
        "best_return": 0.011429,
        "worst_return": -0.075267,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.030151,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.079403,
        "regime_survival": 0.2,
        "best_return": 0.04734,
        "worst_return": -0.096257,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.000779,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.078232,
        "regime_survival": 0.0,
        "best_return": 0.032085,
        "worst_return": -0.057377,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.115047,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.04326,
        "regime_survival": 0.0,
        "best_return": 0.030338,
        "worst_return": -0.260431,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-04-12",
        "end": "2024-05-31",
        "tenure": "Developing",
        "return": -0.022059,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-07-05",
        "tenure": "Developing",
        "return": -0.016393,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "return": -0.066116,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-23",
        "end": "2024-09-20",
        "tenure": "Developing",
        "return": 0.069566,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-11-22",
        "tenure": "Developing",
        "return": -0.058333,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-29",
        "end": "2025-08-22",
        "tenure": "Extended",
        "return": -0.118576,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-10-03",
        "tenure": "Developing",
        "return": 0.043011,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-24",
        "tenure": "New",
        "return": -0.046154,
        "active": false
      },
      {
        "regime": "deceleration",
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        "color": "amber",
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        "end": "2025-12-05",
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        "return": -0.085562,
        "active": false
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      {
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        "active": false
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      {
        "regime": "downward_expansion",
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        "return": 0.124261,
        "active": false
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      {
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        "return": 0.017241,
        "active": true
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      },
      {
        "date": "2026-07-17",
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        "relative_strength": -11.580606,
        "stage": 1,
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        "modifier": "Recompressing",
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        "direction": 40.115315,
        "energy": 16.934616,
        "activity_lines": [
          1.763333,
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      },
      {
        "date": "2026-07-24",
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        "volume": 862300,
        "typical_volume": 1860340.0,
        "trend": 1.72785,
        "fair_value": 1.906221,
        "relative_strength": -11.595987,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 44.066365,
        "energy": 28.091015,
        "activity_lines": [
          1.783333,
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      },
      {
        "date": "2026-07-31",
        "close": 1.81,
        "volume": 361800,
        "typical_volume": 1779810.0,
        "trend": 1.73556,
        "fair_value": 1.902317,
        "relative_strength": -10.260518,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 45.381362,
        "energy": 33.911968,
        "activity_lines": [
          1.798,
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          1.777809,
          1.766625
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.77,
        "volume": 2025500,
        "typical_volume": 1809015.0,
        "trend": 1.741313,
        "fair_value": 1.898156,
        "relative_strength": -11.341449,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 40.473469,
        "energy": 30.41467,
        "activity_lines": [
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        ]
      }
    ],
    "method": {
      "price_basis": "completed market observations",
      "trend": "Trend provides the primary directional reference.",
      "fair_value": "Fair Value provides long-term price context and is not a forecast or target.",
      "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.",
      "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read."
    }
  }
}