{
  "ticker": {
    "uuid": "111ffe90-18c6-4a88-991b-3131bfbdab97",
    "symbol": "NCH",
    "name": "N.C. Housing 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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 72.305,
    "architecture_energy": 58.944,
    "architecture_maturity": 15.683,
    "architecture_confidence": 66.802,
    "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": 38.21,
        "rotation_up": 65.18,
        "upward_expansion": 81.25,
        "deceleration": 51.84,
        "rotation_down": 12.0,
        "downward_expansion": 10.25
      },
      "activity_lines": [
        0.440667,
        0.432182,
        0.418476,
        0.414022
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 0.46,
    "trend_reference": 0.410333,
    "distance_from_trend": 0.12104,
    "trend_direction": "Weakening",
    "fair_value": 0.695241,
    "distance_from_fair_value": -0.338359,
    "fair_value_direction": "Improving",
    "relative_strength": -10.367167,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.15,
    "excess_performance": -0.042325,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.12104,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.000812,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.338359,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.139072,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.103672,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.172545,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.15,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.363561,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1129800,
      "relative_activity": 1.56378,
      "balance": 2.363561,
      "dry_up": 2.14788,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.063545,
      "annualized_volatility": 0.403185,
      "from_high_reference": -0.269841,
      "from_low_reference": 0.243243
    },
    "levels": {
      "trend_reference": 0.410333,
      "fair_value_reference": 0.695241,
      "structural_low": 0.37,
      "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": 9,
        "median_return": -0.011111,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.021759,
        "regime_survival": 0.555556,
        "best_return": 0.081522,
        "worst_return": -0.281407,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.015421,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.017662,
        "regime_survival": 0.5,
        "best_return": 0.074644,
        "worst_return": -0.288043,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.028409,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.043162,
        "regime_survival": 0.0,
        "best_return": 0.178082,
        "worst_return": -0.2349,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.013524,
        "positive_rate": 0.0,
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        "median_excess_return": -0.017248,
        "regime_survival": 0.0,
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        "worst_return": -0.013524,
        "sufficient": false
      }
    ],
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2023-01-13",
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      {
        "regime": "downward_expansion",
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      {
        "regime": "rotation_up",
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      },
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        "date": "2026-04-24",
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      },
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 758625.0,
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 752575.0,
        "trend": 0.408,
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        "relative_strength": -31.176145,
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      {
        "date": "2026-06-12",
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        "stage": 4,
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 813705.0,
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        "fair_value": 0.725824,
        "relative_strength": -17.227665,
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        "gate": "mixed",
        "direction": 20.386921,
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      },
      {
        "date": "2026-07-03",
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        "volume": 1183800,
        "typical_volume": 825230.0,
        "trend": 0.406667,
        "fair_value": 0.720522,
        "relative_strength": -19.948366,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 24.275277,
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      },
      {
        "date": "2026-07-10",
        "close": 0.42,
        "volume": 657700,
        "typical_volume": 725425.0,
        "trend": 0.406667,
        "fair_value": 0.7154,
        "relative_strength": -21.458142,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.217774,
        "energy": 30.990204,
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          0.421333,
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      },
      {
        "date": "2026-07-17",
        "close": 0.44,
        "volume": 3364000,
        "typical_volume": 714425.0,
        "trend": 0.407667,
        "fair_value": 0.710284,
        "relative_strength": -17.857279,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 66.683961,
        "energy": 62.154952,
        "activity_lines": [
          0.429333,
          0.416364,
          0.408238,
          0.407828
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.43,
        "volume": 1454600,
        "typical_volume": 699525.0,
        "trend": 0.408,
        "fair_value": 0.705165,
        "relative_strength": -19.163921,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.496531,
        "energy": 56.842557,
        "activity_lines": [
          0.430667,
          0.420364,
          0.410857,
          0.409269
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.43,
        "volume": 258800,
        "typical_volume": 683100.0,
        "trend": 0.408333,
        "fair_value": 0.700046,
        "relative_strength": -17.45542,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.883065,
        "energy": 43.255819,
        "activity_lines": [
          0.430667,
          0.423818,
          0.413333,
          0.410688
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.46,
        "volume": 1129800,
        "typical_volume": 722480.0,
        "trend": 0.410333,
        "fair_value": 0.695241,
        "relative_strength": -10.367167,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.305075,
        "energy": 58.94402,
        "activity_lines": [
          0.440667,
          0.432182,
          0.418476,
          0.414022
        ]
      }
    ],
    "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."
    }
  }
}