{
  "ticker": {
    "uuid": "06de3921-e854-4d6f-9dc6-4f991c5cf2be",
    "symbol": "BLA",
    "name": "Bangkok Life Assurance 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 62.206,
    "architecture_energy": 57.52,
    "architecture_maturity": 76.661,
    "architecture_confidence": 74.068,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 12.42,
        "rotation_up": 50.82,
        "upward_expansion": 81.49,
        "deceleration": 71.31,
        "rotation_down": 26.72,
        "downward_expansion": 10.49
      },
      "activity_lines": [
        26.016667,
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        23.295242
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 25.25,
    "trend_reference": 22.10685,
    "distance_from_trend": 0.14218,
    "trend_direction": "Improving",
    "fair_value": 18.975068,
    "distance_from_fair_value": 0.330694,
    "fair_value_direction": "Improving",
    "relative_strength": 7.259923,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.248764,
    "excess_performance": 0.056438,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.14218,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.110612,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.330694,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.235679,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.072599,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.095012,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.248764,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.839713,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5419500,
      "relative_activity": 0.735551,
      "balance": 2.839713,
      "dry_up": 0.920287,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.056055,
      "annualized_volatility": 0.289223,
      "from_high_reference": -0.081818,
      "from_low_reference": 0.494185
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    "levels": {
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      "fair_value_reference": 18.975068,
      "structural_low": 18.168695,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 17,
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        "positive_rate": 0.529412,
        "directional_follow_through": 0.529412,
        "median_excess_return": 0.007347,
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        "worst_return": -0.135021,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
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      {
        "horizon": "Extended",
        "sample_count": 4,
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 7476960.0,
        "trend": 21.508266,
        "fair_value": 18.897668,
        "relative_strength": 14.946192,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 84.540539,
        "energy": 91.573998,
        "activity_lines": [
          26.356667,
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          23.433769,
          22.517434
        ]
      },
      {
        "date": "2026-07-24",
        "close": 26.0,
        "volume": 8443200,
        "typical_volume": 7442515.0,
        "trend": 21.736749,
        "fair_value": 18.926797,
        "relative_strength": 9.029626,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.895724,
        "energy": 78.743865,
        "activity_lines": [
          26.46,
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          22.807223
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      },
      {
        "date": "2026-07-31",
        "close": 26.0,
        "volume": 5569700,
        "typical_volume": 7441945.0,
        "trend": 21.948952,
        "fair_value": 18.953624,
        "relative_strength": 9.932345,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.029532,
        "energy": 65.943636,
        "activity_lines": [
          26.416667,
          25.78,
          24.159123,
          23.082271
        ]
      },
      {
        "date": "2026-08-07",
        "close": 25.25,
        "volume": 5419500,
        "typical_volume": 7367945.0,
        "trend": 22.10685,
        "fair_value": 18.975068,
        "relative_strength": 7.259923,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 62.205661,
        "energy": 57.519572,
        "activity_lines": [
          26.016667,
          25.804545,
          24.400481,
          23.295242
        ]
      }
    ],
    "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."
    }
  }
}