{
  "ticker": {
    "uuid": "22480992-f740-410c-a8e9-11cc741a7ed2",
    "symbol": "MBAX",
    "name": "Multibax 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": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 76.64,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 60.361,
    "architecture_energy": 59.274,
    "architecture_maturity": 28.952,
    "architecture_confidence": 91.275,
    "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": 14.88,
        "rotation_up": 63.71,
        "upward_expansion": 85.0,
        "deceleration": 48.4,
        "rotation_down": 14.87,
        "downward_expansion": 11.67
      },
      "activity_lines": [
        2.002,
        1.971091,
        1.914095,
        1.878822
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 2.0,
    "trend_reference": 1.798717,
    "distance_from_trend": 0.111904,
    "trend_direction": "Improving",
    "fair_value": 2.193298,
    "distance_from_fair_value": -0.088131,
    "fair_value_direction": "Improving",
    "relative_strength": 8.828115,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.54339,
    "excess_performance": 0.351065,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.111904,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.12081,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.088131,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.177206,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.088281,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.064092,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.54339,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 13.371578,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 612000,
      "relative_activity": 0.537295,
      "balance": 13.371578,
      "dry_up": 1.116137,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.056923,
      "annualized_volatility": 0.741839,
      "from_high_reference": -0.230769,
      "from_low_reference": 0.602297
    },
    "levels": {
      "trend_reference": 1.798717,
      "fair_value_reference": 2.193298,
      "structural_low": 1.248208,
      "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": 12,
        "median_return": -0.005317,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.01849,
        "regime_survival": 0.75,
        "best_return": 0.20625,
        "worst_return": -0.192689,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.091775,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.106434,
        "regime_survival": 0.0,
        "best_return": -0.010635,
        "worst_return": -0.092959,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.036214,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.049938,
        "regime_survival": 0.5,
        "best_return": 0.116288,
        "worst_return": -0.04386,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.067328,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.09464,
        "regime_survival": 0.0,
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        "worst_return": 0.067328,
        "sufficient": false
      }
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        "regime": "rotation_down",
        "label": "Rotation Down",
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      {
        "regime": "downward_expansion",
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      {
        "regime": "rotation_up",
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      {
        "regime": "downward_expansion",
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        "color": "red",
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        "return": 0.0,
        "active": false
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      {
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        "date": "2026-04-17",
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "relative_strength": 5.708294,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 1743570.0,
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        "relative_strength": 9.205756,
        "stage": 1,
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        "energy": 47.345839,
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          1.872524,
          1.830203
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      },
      {
        "date": "2026-07-24",
        "close": 2.02,
        "volume": 537100,
        "typical_volume": 1754615.0,
        "trend": 1.755585,
        "fair_value": 2.215665,
        "relative_strength": 8.606617,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 67.195108,
        "energy": 55.998575,
        "activity_lines": [
          1.978,
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          1.889429,
          1.848676
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      },
      {
        "date": "2026-07-31",
        "close": 2.0,
        "volume": 710800,
        "typical_volume": 1771160.0,
        "trend": 1.777151,
        "fair_value": 2.204299,
        "relative_strength": 8.46653,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.773704,
        "energy": 58.980035,
        "activity_lines": [
          1.993333,
          1.959091,
          1.902714,
          1.864445
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.0,
        "volume": 612000,
        "typical_volume": 1139040.0,
        "trend": 1.798717,
        "fair_value": 2.193298,
        "relative_strength": 8.828115,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.360781,
        "energy": 59.27367,
        "activity_lines": [
          2.002,
          1.971091,
          1.914095,
          1.878822
        ]
      }
    ],
    "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."
    }
  }
}