{
  "ticker": {
    "uuid": "2f36fe4b-baba-461f-b036-3059c3f76094",
    "symbol": "SE-ED",
    "name": "SE-Education 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -87.437,
    "architecture_energy": 89.976,
    "architecture_maturity": 21.452,
    "architecture_confidence": 78.689,
    "architecture_tenure": "New",
    "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": 17.93,
        "rotation_up": 8.17,
        "upward_expansion": 19.95,
        "deceleration": 37.02,
        "rotation_down": 84.41,
        "downward_expansion": 95.61
      },
      "activity_lines": [
        1.422667,
        1.509273,
        1.581619,
        1.607699
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 1.32,
    "trend_reference": 1.636,
    "distance_from_trend": -0.193154,
    "trend_direction": "Weakening",
    "fair_value": 1.940128,
    "distance_from_fair_value": -0.319633,
    "fair_value_direction": "Weakening",
    "relative_strength": -32.735759,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.2,
    "excess_performance": -0.392325,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.193154,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.022505,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.319633,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.147711,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.327358,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.147346,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.2,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.061303,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 246300,
      "relative_activity": 7.064391,
      "balance": 0.061303,
      "dry_up": 2.637315,
      "accumulation_observations": 0,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.07634,
      "annualized_volatility": 0.227081,
      "from_high_reference": -0.308901,
      "from_low_reference": 0.064516
    },
    "levels": {
      "trend_reference": 1.636,
      "fair_value_reference": 1.940128,
      "structural_low": 1.24,
      "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": 26,
        "median_return": 0.0,
        "positive_rate": 0.307692,
        "directional_follow_through": 0.461538,
        "median_excess_return": -0.007899,
        "regime_survival": 0.769231,
        "best_return": 0.093567,
        "worst_return": -0.032258,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.004464,
        "positive_rate": 0.3,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.043195,
        "regime_survival": 0.5,
        "best_return": 0.037267,
        "worst_return": -0.061538,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.068761,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.833333,
        "median_excess_return": -0.058067,
        "regime_survival": 0.5,
        "best_return": 0.185185,
        "worst_return": -0.136905,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.013039,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.039911,
        "regime_survival": 0.5,
        "best_return": 0.027778,
        "worst_return": -0.092593,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-03-24",
        "end": "2024-05-03",
        "tenure": "Extended",
        "return": -0.052632,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-05-10",
        "end": "2024-09-06",
        "tenure": "Established",
        "return": -0.027778,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-13",
        "end": "2024-09-27",
        "tenure": "New",
        "return": 0.087379,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-10-04",
        "end": "2024-10-25",
        "tenure": "New",
        "return": -0.072727,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-01",
        "end": "2025-01-17",
        "tenure": "Developing",
        "return": -0.028571,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-24",
        "end": "2025-04-25",
        "tenure": "Established",
        "return": -0.034653,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-02",
        "end": "2025-05-23",
        "tenure": "New",
        "return": -0.036082,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-30",
        "end": "2025-09-05",
        "tenure": "Established",
        "return": 0.070175,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-12",
        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.022222,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-28",
        "end": "2025-12-12",
        "tenure": "New",
        "return": -0.07362,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-19",
        "end": "2026-06-12",
        "tenure": "Established",
        "return": 0.055901,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-06-19",
        "end": "2026-07-03",
        "tenure": "New",
        "return": -0.005917,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-10",
        "end": "2026-07-17",
        "tenure": "New",
        "return": -0.006452,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-07-24",
        "end": "2026-08-07",
        "tenure": "New",
        "return": -0.089655,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 2.22,
        "volume": 85600,
        "typical_volume": 83495.0,
        "trend": 2.229333,
        "fair_value": 2.094679,
        "relative_strength": 2.328108,
        "stage": 1,
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        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -41.158904,
        "energy": 16.908402,
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      },
      {
        "date": "2023-08-25",
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        "typical_volume": 78375.0,
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      {
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        "date": "2023-09-15",
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        "date": "2023-09-22",
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        "typical_volume": 60365.0,
        "trend": 1.684333,
        "fair_value": 1.992564,
        "relative_strength": -18.001144,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.698295,
        "energy": 26.107205,
        "activity_lines": [
          1.651333,
          1.654,
          1.659524,
          1.664172
        ]
      },
      {
        "date": "2026-05-15",
        "close": 1.69,
        "volume": 24000,
        "typical_volume": 59885.0,
        "trend": 1.680667,
        "fair_value": 1.989038,
        "relative_strength": -16.406443,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -14.885029,
        "energy": 6.594334,
        "activity_lines": [
          1.664,
          1.659636,
          1.662095,
          1.664538
        ]
      },
      {
        "date": "2026-05-22",
        "close": 1.74,
        "volume": 2400,
        "typical_volume": 60000.0,
        "trend": 1.678667,
        "fair_value": 1.985705,
        "relative_strength": -14.526017,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 46.432254,
        "energy": 45.364874,
        "activity_lines": [
          1.690667,
          1.674545,
          1.66919,
          1.668366
        ]
      },
      {
        "date": "2026-05-29",
        "close": 1.65,
        "volume": 42100,
        "typical_volume": 54790.0,
        "trend": 1.673667,
        "fair_value": 1.982051,
        "relative_strength": -19.974851,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 5.31043,
        "energy": 19.131168,
        "activity_lines": [
          1.682,
          1.671455,
          1.667476,
          1.666516
        ]
      },
      {
        "date": "2026-06-05",
        "close": 1.7,
        "volume": 1300,
        "typical_volume": 54740.0,
        "trend": 1.670333,
        "fair_value": 1.97859,
        "relative_strength": -17.783999,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 30.449706,
        "energy": 42.116523,
        "activity_lines": [
          1.69,
          1.677818,
          1.670524,
          1.668215
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      },
      {
        "date": "2026-06-12",
        "close": 1.7,
        "volume": 0,
        "typical_volume": 46310.0,
        "trend": 1.667,
        "fair_value": 1.975256,
        "relative_strength": -17.782322,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "up",
        "direction": 59.279422,
        "energy": 61.409191,
        "activity_lines": [
          1.694667,
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          1.673571,
          1.670129
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      },
      {
        "date": "2026-06-19",
        "close": 1.69,
        "volume": 2400,
        "typical_volume": 44765.0,
        "trend": 1.664667,
        "fair_value": 1.971859,
        "relative_strength": -16.381293,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.746134,
        "energy": 29.259835,
        "activity_lines": [
          1.692667,
          1.686364,
          1.675571,
          1.671613
        ]
      },
      {
        "date": "2026-06-26",
        "close": 1.65,
        "volume": 10300,
        "typical_volume": 45120.0,
        "trend": 1.665333,
        "fair_value": 1.968205,
        "relative_strength": -15.936606,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 19.809309,
        "energy": 13.323076,
        "activity_lines": [
          1.677333,
          1.681273,
          1.673619,
          1.670667
        ]
      },
      {
        "date": "2026-07-03",
        "close": 1.68,
        "volume": 1100,
        "typical_volume": 30130.0,
        "trend": 1.662667,
        "fair_value": 1.964744,
        "relative_strength": -17.488825,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 30.54063,
        "energy": 13.505295,
        "activity_lines": [
          1.678,
          1.681818,
          1.674524,
          1.671613
        ]
      },
      {
        "date": "2026-07-10",
        "close": 1.55,
        "volume": 47200,
        "typical_volume": 30755.0,
        "trend": 1.664,
        "fair_value": 1.960321,
        "relative_strength": -23.715469,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -46.463593,
        "energy": 34.42168,
        "activity_lines": [
          1.633333,
          1.658182,
          1.663143,
          1.664344
        ]
      },
      {
        "date": "2026-07-17",
        "close": 1.54,
        "volume": 9200,
        "typical_volume": 26615.0,
        "trend": 1.661667,
        "fair_value": 1.955962,
        "relative_strength": -24.636478,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -75.940992,
        "energy": 66.369879,
        "activity_lines": [
          1.595333,
          1.634545,
          1.651286,
          1.656344
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.45,
        "volume": 93800,
        "typical_volume": 27355.0,
        "trend": 1.655333,
        "fair_value": 1.950897,
        "relative_strength": -28.55727,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -86.623885,
        "energy": 84.580731,
        "activity_lines": [
          1.538,
          1.596545,
          1.631381,
          1.642688
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.44,
        "volume": 18500,
        "typical_volume": 28215.0,
        "trend": 1.647,
        "fair_value": 1.945897,
        "relative_strength": -27.768256,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.083245,
        "energy": 84.5773,
        "activity_lines": [
          1.493333,
          1.561091,
          1.611714,
          1.628796
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.32,
        "volume": 246300,
        "typical_volume": 34865.0,
        "trend": 1.636,
        "fair_value": 1.940128,
        "relative_strength": -32.735759,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -87.436633,
        "energy": 89.976407,
        "activity_lines": [
          1.422667,
          1.509273,
          1.581619,
          1.607699
        ]
      }
    ],
    "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."
    }
  }
}