{
  "ticker": {
    "uuid": "0f86a73d-a071-404a-b540-93c4ac26ab15",
    "symbol": "IP",
    "name": "Inter Pharma 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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 88.692,
    "architecture_energy": 95.795,
    "architecture_maturity": 28.0,
    "architecture_confidence": 77.885,
    "architecture_tenure": "New",
    "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": 7.65,
        "rotation_up": 89.06,
        "upward_expansion": 99.99,
        "deceleration": 39.0,
        "rotation_down": 8.04,
        "downward_expansion": 21.99
      },
      "activity_lines": [
        5.338,
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        4.692802,
        4.511139
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 5.55,
    "trend_reference": 4.345886,
    "distance_from_trend": 0.27707,
    "trend_direction": "Improving",
    "fair_value": 4.75315,
    "distance_from_fair_value": 0.167647,
    "fair_value_direction": "Improving",
    "relative_strength": 15.78331,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.314449,
    "excess_performance": 0.122124,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.27707,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.051203,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.167647,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.378679,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.157833,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.198556,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.314449,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 6.248216,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2750800,
      "relative_activity": 2.186785,
      "balance": 6.248216,
      "dry_up": 1.757803,
      "accumulation_observations": 5,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.043105,
      "annualized_volatility": 0.285929,
      "from_high_reference": -0.017699,
      "from_low_reference": 0.800042
    },
    "levels": {
      "trend_reference": 4.345886,
      "fair_value_reference": 4.75315,
      "structural_low": 3.613505,
      "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": 6,
        "median_return": -0.021972,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.058957,
        "regime_survival": 0.5,
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        "worst_return": -0.171429,
        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "worst_return": 0.025,
        "sufficient": false
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        "worst_return": 0.264368,
        "sufficient": false
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        "horizon": "Full cycle",
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        "sufficient": false
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      },
      {
        "date": "2026-04-17",
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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        "date": "2026-05-22",
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      },
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
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      },
      {
        "date": "2026-06-26",
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        "regime": "rotation_up",
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        "gate": "mixed",
        "direction": 34.776206,
        "energy": 59.11229,
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          4.19124,
          4.18135
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      },
      {
        "date": "2026-07-03",
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        "volume": 115000,
        "typical_volume": 1129925.0,
        "trend": 4.209049,
        "fair_value": 4.953647,
        "relative_strength": -5.306273,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 41.40361,
        "energy": 60.625293,
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      },
      {
        "date": "2026-07-10",
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        "volume": 4475400,
        "typical_volume": 1119425.0,
        "trend": 4.230936,
        "fair_value": 4.908204,
        "relative_strength": 1.622358,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 88.422484,
        "energy": 83.237715,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 5.05,
        "volume": 2116100,
        "typical_volume": 1134640.0,
        "trend": 4.248707,
        "fair_value": 4.864237,
        "relative_strength": 5.129557,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 91.493785,
        "energy": 93.957485,
        "activity_lines": [
          4.734,
          4.576364,
          4.371831,
          4.290564
        ]
      },
      {
        "date": "2026-07-24",
        "close": 5.4,
        "volume": 3105800,
        "typical_volume": 1180095.0,
        "trend": 4.278144,
        "fair_value": 4.820009,
        "relative_strength": 11.617134,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 93.928504,
        "energy": 97.107513,
        "activity_lines": [
          4.996,
          4.748545,
          4.484522,
          4.364841
        ]
      },
      {
        "date": "2026-07-31",
        "close": 5.3,
        "volume": 872000,
        "typical_volume": 1184830.0,
        "trend": 4.304248,
        "fair_value": 4.779521,
        "relative_strength": 10.330369,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.656106,
        "energy": 93.585764,
        "activity_lines": [
          5.156667,
          4.879273,
          4.580212,
          4.430768
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.55,
        "volume": 2750800,
        "typical_volume": 1257920.0,
        "trend": 4.345886,
        "fair_value": 4.75315,
        "relative_strength": 15.78331,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.692202,
        "energy": 95.794713,
        "activity_lines": [
          5.338,
          5.034727,
          4.692802,
          4.511139
        ]
      }
    ],
    "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."
    }
  }
}