{
  "ticker": {
    "uuid": "09ca59c5-8553-4010-9488-3b82701f5758",
    "symbol": "ABM",
    "name": "Asia Biomass 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 95.769,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -28.416,
    "architecture_energy": 13.682,
    "architecture_maturity": 21.961,
    "architecture_confidence": 63.614,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 60.79,
        "rotation_up": 21.49,
        "upward_expansion": 12.1,
        "deceleration": 43.57,
        "rotation_down": 28.86,
        "downward_expansion": 57.43
      },
      "activity_lines": [
        0.498667,
        0.500364,
        0.490381,
        0.506151
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 0.5,
    "trend_reference": 0.533333,
    "distance_from_trend": -0.0625,
    "trend_direction": "Weakening",
    "fair_value": 1.009615,
    "distance_from_fair_value": -0.504762,
    "fair_value_direction": "Improving",
    "relative_strength": -30.815957,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.122807,
    "excess_performance": -0.315132,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.0625,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.095023,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.504762,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.075633,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.30816,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.096596,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.122807,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.932204,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 336400,
      "relative_activity": 1.122699,
      "balance": 0.932204,
      "dry_up": 0.813239,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.107692,
      "annualized_volatility": 0.394625,
      "from_high_reference": -0.484536,
      "from_low_reference": 0.25
    },
    "levels": {
      "trend_reference": 0.533333,
      "fair_value_reference": 1.009615,
      "structural_low": 0.4,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.053326,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.065729,
        "regime_survival": 0.125,
        "best_return": 0.166667,
        "worst_return": -0.169231,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.061481,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.166667,
        "median_excess_return": -0.098864,
        "regime_survival": 0.0,
        "best_return": 0.062069,
        "worst_return": -0.276923,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.197662,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.279319,
        "regime_survival": 0.333333,
        "best_return": -0.071942,
        "worst_return": -0.51938,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.446154,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.31347,
        "regime_survival": 0.0,
        "best_return": -0.124138,
        "worst_return": -0.550101,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-07-05",
        "end": "2024-07-26",
        "tenure": "New",
        "return": -0.160256,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-08-02",
        "end": "2024-08-23",
        "tenure": "New",
        "return": -0.075188,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-30",
        "end": "2024-09-27",
        "tenure": "Developing",
        "return": -0.007874,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-10-04",
        "end": "2024-10-11",
        "tenure": "New",
        "return": -0.007812,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-10-18",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": 0.007752,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-22",
        "end": "2024-12-13",
        "tenure": "New",
        "return": -0.007692,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-20",
        "end": "2025-08-15",
        "tenure": "Extended",
        "return": -0.416667,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-22",
        "end": "2025-08-29",
        "tenure": "New",
        "return": 0.041667,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-09-05",
        "end": "2025-10-03",
        "tenure": "Developing",
        "return": 0.126761,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-10-10",
        "end": "2025-11-14",
        "tenure": "Developing",
        "return": -0.202381,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-11-21",
        "end": "2026-01-02",
        "tenure": "Developing",
        "return": -0.138889,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-01-09",
        "end": "2026-01-16",
        "tenure": "New",
        "return": -0.03125,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-23",
        "end": "2026-07-17",
        "tenure": "Established",
        "return": -0.163934,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 1.35,
        "volume": 3319000,
        "typical_volume": 2091770.0,
        "trend": 1.519333,
        "fair_value": 1.691799,
        "relative_strength": -19.587966,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.995234,
        "energy": 21.456641,
        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
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        "typical_volume": 2151475.0,
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        "activity_lines": [
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      },
      {
        "date": "2023-09-01",
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        "typical_volume": 2364190.0,
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2023-09-08",
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        "typical_volume": 2366175.0,
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      },
      {
        "date": "2023-09-15",
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        "typical_volume": 2386970.0,
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        "fair_value": 1.710618,
        "relative_strength": -3.384933,
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        "modifier": "Structural repair",
        "gate": "mixed",
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      },
      {
        "date": "2023-09-22",
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      },
      {
        "date": "2023-09-29",
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      },
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      },
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      },
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      },
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        "date": "2024-01-05",
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      },
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        "date": "2024-01-12",
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      },
      {
        "date": "2024-01-19",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "volume": 74700,
        "typical_volume": 163590.0,
        "trend": 0.633,
        "fair_value": 1.078846,
        "relative_strength": -34.182067,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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      },
      {
        "date": "2026-05-08",
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        "volume": 502900,
        "typical_volume": 186775.0,
        "trend": 0.62,
        "fair_value": 1.072436,
        "relative_strength": -40.475536,
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      },
      {
        "date": "2026-05-15",
        "close": 0.45,
        "volume": 231000,
        "typical_volume": 193985.0,
        "trend": 0.608,
        "fair_value": 1.067051,
        "relative_strength": -40.605095,
        "stage": 4,
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        "modifier": "Established contraction",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "volume": 510000,
        "typical_volume": 218725.0,
        "trend": 0.596667,
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        "relative_strength": -43.395012,
        "stage": 4,
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        "energy": 73.89399,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 213805.0,
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      },
      {
        "date": "2026-06-05",
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        "volume": 25000,
        "typical_volume": 213010.0,
        "trend": 0.582,
        "fair_value": 1.050833,
        "relative_strength": -41.174719,
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 211130.0,
        "trend": 0.575333,
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      },
      {
        "date": "2026-06-19",
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        "energy": 29.14143,
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      },
      {
        "date": "2026-06-26",
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        "volume": 129500,
        "typical_volume": 255990.0,
        "trend": 0.562333,
        "fair_value": 1.037051,
        "relative_strength": -32.718873,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.425156,
        "energy": 20.664387,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 0.52,
        "volume": 21000,
        "typical_volume": 241530.0,
        "trend": 0.557,
        "fair_value": 1.032756,
        "relative_strength": -31.233015,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -29.099654,
        "energy": 24.956559,
        "activity_lines": [
          0.502667,
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      },
      {
        "date": "2026-07-10",
        "close": 0.5,
        "volume": 1235400,
        "typical_volume": 291975.0,
        "trend": 0.551333,
        "fair_value": 1.028397,
        "relative_strength": -33.802363,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -24.872698,
        "energy": 22.812014,
        "activity_lines": [
          0.505333,
          0.486909,
          0.493048,
          0.517677
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      },
      {
        "date": "2026-07-17",
        "close": 0.51,
        "volume": 381800,
        "typical_volume": 307835.0,
        "trend": 0.547,
        "fair_value": 1.024038,
        "relative_strength": -32.611947,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -15.52931,
        "energy": 14.095425,
        "activity_lines": [
          0.508,
          0.493636,
          0.492571,
          0.515011
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.5,
        "volume": 234000,
        "typical_volume": 309185.0,
        "trend": 0.542333,
        "fair_value": 1.019359,
        "relative_strength": -33.552719,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -15.183127,
        "energy": 12.491943,
        "activity_lines": [
          0.504667,
          0.497455,
          0.491619,
          0.511978
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.49,
        "volume": 22500,
        "typical_volume": 297990.0,
        "trend": 0.538,
        "fair_value": 1.014551,
        "relative_strength": -33.405508,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -19.833089,
        "energy": 10.680915,
        "activity_lines": [
          0.5,
          0.498545,
          0.490333,
          0.508602
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.5,
        "volume": 336400,
        "typical_volume": 299635.0,
        "trend": 0.533333,
        "fair_value": 1.009615,
        "relative_strength": -30.815957,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -28.415779,
        "energy": 13.681742,
        "activity_lines": [
          0.498667,
          0.500364,
          0.490381,
          0.506151
        ]
      }
    ],
    "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."
    }
  }
}