{
  "ticker": {
    "uuid": "0118c291-9676-454b-bb81-faaa1050886d",
    "symbol": "EP",
    "name": "Eastern Power Group 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 43.165,
    "architecture_energy": 79.098,
    "architecture_maturity": 14.106,
    "architecture_confidence": 52.077,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 13.07,
        "rotation_up": 79.54,
        "upward_expansion": 71.99,
        "deceleration": 18.0,
        "rotation_down": 16.03,
        "downward_expansion": 27.99
      },
      "activity_lines": [
        1.248,
        1.194182,
        1.136,
        1.130989
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 1.25,
    "trend_reference": 1.135,
    "distance_from_trend": 0.101322,
    "trend_direction": "Weakening",
    "fair_value": 1.829038,
    "distance_from_fair_value": -0.316581,
    "fair_value_direction": "Improving",
    "relative_strength": -9.136258,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.077586,
    "excess_performance": -0.114739,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.101322,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.012185,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.316581,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.16503,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.091363,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.200697,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.077586,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.110471,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 750600,
      "relative_activity": 1.279054,
      "balance": 1.110471,
      "dry_up": 1.037804,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.041846,
      "annualized_volatility": 0.272717,
      "from_high_reference": -0.113475,
      "from_low_reference": 0.388889
    },
    "levels": {
      "trend_reference": 1.135,
      "fair_value_reference": 1.829038,
      "structural_low": 0.9,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2021-07-09",
        "end": "2021-09-10",
        "tenure": "Developing",
        "return": 0.209091,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2021-09-17",
        "end": "2021-11-12",
        "tenure": "Developing",
        "return": -0.087302,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2021-11-19",
        "end": "2021-11-26",
        "tenure": "New",
        "return": 0.009009,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2021-12-03",
        "end": "2022-01-07",
        "tenure": "Developing",
        "return": 0.044248,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2022-01-14",
        "end": "2022-01-28",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2022-02-04",
        "end": "2022-03-04",
        "tenure": "Developing",
        "return": -0.108527,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2022-03-11",
        "end": "2022-03-25",
        "tenure": "New",
        "return": -0.025862,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2022-04-01",
        "end": "2024-02-23",
        "tenure": "Extended",
        "return": -0.490507,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-03-01",
        "end": "2024-07-26",
        "tenure": "Established",
        "return": -0.105263,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-02",
        "end": "2026-07-17",
        "tenure": "Extended",
        "return": -0.432692,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.015748,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 2.92,
        "volume": 581800,
        "typical_volume": 847675.0,
        "trend": 3.288667,
        "fair_value": 4.62766,
        "relative_strength": -17.965448,
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      },
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      },
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      },
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 806735.0,
        "trend": 1.170667,
        "fair_value": 1.986923,
        "relative_strength": -29.205949,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 73.707064,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 866835.0,
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        "stage": 4,
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        "gate": "down",
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        "energy": 67.908226,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-22",
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        "typical_volume": 923100.0,
        "trend": 1.155,
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        "stage": 4,
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        "modifier": "Established contraction",
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        "energy": 53.313123,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "volume": 466400,
        "typical_volume": 889560.0,
        "trend": 1.149,
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        "relative_strength": -28.74516,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 880225.0,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 866115.0,
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "volume": 228300,
        "typical_volume": 866650.0,
        "trend": 1.131333,
        "fair_value": 1.895962,
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        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 20.134867,
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          1.099785
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      },
      {
        "date": "2026-07-03",
        "close": 1.1,
        "volume": 150500,
        "typical_volume": 819430.0,
        "trend": 1.127667,
        "fair_value": 1.88391,
        "relative_strength": -22.775674,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 17.419348,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 1.18,
        "volume": 621100,
        "typical_volume": 685820.0,
        "trend": 1.127333,
        "fair_value": 1.872372,
        "relative_strength": -16.821944,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": 15.862743,
        "energy": 21.475327,
        "activity_lines": [
          1.112667,
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          1.080714,
          1.10114
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      },
      {
        "date": "2026-07-17",
        "close": 1.18,
        "volume": 599300,
        "typical_volume": 618310.0,
        "trend": 1.127333,
        "fair_value": 1.860833,
        "relative_strength": -17.057755,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 37.34765,
        "energy": 41.341172,
        "activity_lines": [
          1.140667,
          1.108,
          1.088524,
          1.104538
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.27,
        "volume": 802200,
        "typical_volume": 622980.0,
        "trend": 1.13,
        "fair_value": 1.849872,
        "relative_strength": -10.398268,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 53.793337,
        "energy": 74.735397,
        "activity_lines": [
          1.191333,
          1.142,
          1.105095,
          1.113742
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.28,
        "volume": 284000,
        "typical_volume": 578650.0,
        "trend": 1.132667,
        "fair_value": 1.839615,
        "relative_strength": -8.100329,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 50.590246,
        "energy": 80.193669,
        "activity_lines": [
          1.232,
          1.172909,
          1.122238,
          1.123419
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.25,
        "volume": 750600,
        "typical_volume": 586840.0,
        "trend": 1.135,
        "fair_value": 1.829038,
        "relative_strength": -9.136258,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 43.164554,
        "energy": 79.097708,
        "activity_lines": [
          1.248,
          1.194182,
          1.136,
          1.130989
        ]
      }
    ],
    "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."
    }
  }
}