{
  "ticker": {
    "uuid": "1530ab54-a176-4bfa-8a51-3a3e7810d6b0",
    "symbol": "K",
    "name": "Kingsmen C.M.T.I. 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": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -51.973,
    "architecture_energy": 39.951,
    "architecture_maturity": 63.434,
    "architecture_confidence": 90.598,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 28.93,
        "rotation_up": 16.27,
        "upward_expansion": 6.87,
        "deceleration": 43.16,
        "rotation_down": 54.08,
        "downward_expansion": 80.2
      },
      "activity_lines": [
        0.945333,
        0.954364,
        0.965078,
        0.976129
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 0.95,
    "trend_reference": 0.992613,
    "distance_from_trend": -0.04293,
    "trend_direction": "Weakening",
    "fair_value": 1.082949,
    "distance_from_fair_value": -0.122766,
    "fair_value_direction": "Weakening",
    "relative_strength": -22.710629,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.067256,
    "excess_performance": -0.259581,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.04293,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.054721,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.122766,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.027229,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.227106,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.019484,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.067256,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.521672,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 41200,
      "relative_activity": 0.236008,
      "balance": 1.521672,
      "dry_up": 1.272126,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.059919,
      "annualized_volatility": 0.243671,
      "from_high_reference": -0.275074,
      "from_low_reference": 0.224227
    },
    "levels": {
      "trend_reference": 0.992613,
      "fair_value_reference": 1.082949,
      "structural_low": 0.776,
      "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": 25,
        "median_return": 0.0,
        "positive_rate": 0.44,
        "directional_follow_through": 0.44,
        "median_excess_return": -0.028326,
        "regime_survival": 0.8,
        "best_return": 0.544446,
        "worst_return": -0.356522,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.010309,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.043981,
        "regime_survival": 0.555556,
        "best_return": 0.422663,
        "worst_return": -0.366412,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.012419,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.168147,
        "regime_survival": 0.6,
        "best_return": 0.301351,
        "worst_return": -0.402985,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.1625,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.324634,
        "regime_survival": 0.666667,
        "best_return": 0.354669,
        "worst_return": -0.496855,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
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        "end": "2024-04-26",
        "tenure": "New",
        "return": -0.130435,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-05-03",
        "end": "2024-06-07",
        "tenure": "Developing",
        "return": -0.020409,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Developing",
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      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-02-07",
        "tenure": "Established",
        "return": -0.023622,
        "active": false
      },
      {
        "regime": "balance",
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        "return": 0.198413,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "return": -0.121621,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "Developing",
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      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      {
        "regime": "balance",
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      {
        "regime": "downward_expansion",
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        "active": true
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    ],
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      },
      {
        "date": "2026-04-24",
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        "fair_value": 1.074171,
        "relative_strength": -23.525659,
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      },
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        "date": "2026-05-08",
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        "date": "2026-05-15",
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        "trend": 1.058111,
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      },
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        "date": "2026-05-22",
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        "date": "2026-05-29",
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        "typical_volume": 342910.0,
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      {
        "date": "2026-07-10",
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        "fair_value": 1.079586,
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        "stage": 4,
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      },
      {
        "date": "2026-07-17",
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        "volume": 201200,
        "typical_volume": 261340.0,
        "trend": 1.00791,
        "fair_value": 1.081055,
        "relative_strength": -23.337567,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -35.138153,
        "energy": 17.298856,
        "activity_lines": [
          0.973333,
          0.973091,
          0.977298,
          0.988805
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.93,
        "volume": 314400,
        "typical_volume": 270470.0,
        "trend": 1.002373,
        "fair_value": 1.081624,
        "relative_strength": -26.800637,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.25137,
        "energy": 29.569676,
        "activity_lines": [
          0.958,
          0.964364,
          0.972045,
          0.983778
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.93,
        "volume": 331500,
        "typical_volume": 285805.0,
        "trend": 0.99619,
        "fair_value": 1.082136,
        "relative_strength": -25.372323,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -57.450182,
        "energy": 38.969769,
        "activity_lines": [
          0.946667,
          0.956909,
          0.967306,
          0.979109
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.95,
        "volume": 41200,
        "typical_volume": 174570.0,
        "trend": 0.992613,
        "fair_value": 1.082949,
        "relative_strength": -22.710629,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -51.973058,
        "energy": 39.950762,
        "activity_lines": [
          0.945333,
          0.954364,
          0.965078,
          0.976129
        ]
      }
    ],
    "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."
    }
  }
}