{
  "ticker": {
    "uuid": "2f3899e0-103f-489d-b765-f47d1b6f09f6",
    "symbol": "TOA",
    "name": "TOA Paint (Thailand) 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": "2a",
    "phase_label": "Stage 2A \u00b7 Early 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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 79.228,
    "architecture_energy": 87.748,
    "architecture_maturity": 19.182,
    "architecture_confidence": 76.087,
    "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": 12.68,
        "rotation_up": 84.6,
        "upward_expansion": 98.41,
        "deceleration": 39.99,
        "rotation_down": 8.98,
        "downward_expansion": 20.41
      },
      "activity_lines": [
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        14.155733,
        13.805667
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 16.200001,
    "trend_reference": 13.615953,
    "distance_from_trend": 0.189781,
    "trend_direction": "Improving",
    "fair_value": 15.336434,
    "distance_from_fair_value": 0.056308,
    "fair_value_direction": "Improving",
    "relative_strength": 4.301856,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.160355,
    "excess_performance": -0.03197,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.189781,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.04562,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.056308,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.293669,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.043019,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.196973,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.160355,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.770843,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 17321600,
      "relative_activity": 1.412365,
      "balance": 1.770843,
      "dry_up": 1.223083,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.052707,
      "annualized_volatility": 0.357213,
      "from_high_reference": -0.024096,
      "from_low_reference": 0.416026
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    "levels": {
      "trend_reference": 13.615953,
      "fair_value_reference": 15.336434,
      "structural_low": 11.5,
      "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": 12,
        "median_return": -0.000377,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.042244,
        "regime_survival": 0.583333,
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        "worst_return": -0.208861,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "regime_survival": 0.2,
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        "worst_return": -0.219304,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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        "sufficient": false
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        "regime": "deceleration",
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      {
        "regime": "rotation_down",
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        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
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        "active": false
      },
      {
        "regime": "balance",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 46.867316,
        "energy": 67.632565,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "trend": 13.270601,
        "fair_value": 15.536958,
        "relative_strength": -1.845748,
        "stage": 2,
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        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 49.831888,
        "energy": 77.291848,
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      },
      {
        "date": "2026-07-17",
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        "volume": 15764800,
        "typical_volume": 13589155.0,
        "trend": 13.357646,
        "fair_value": 15.483715,
        "relative_strength": -0.913664,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 55.546143,
        "energy": 83.227751,
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          15.113333,
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      },
      {
        "date": "2026-07-24",
        "close": 15.5,
        "volume": 17579700,
        "typical_volume": 13427920.0,
        "trend": 13.444487,
        "fair_value": 15.429191,
        "relative_strength": -2.309352,
        "stage": 2,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 73.203781,
        "energy": 89.65119,
        "activity_lines": [
          15.366667,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 15.8,
        "volume": 9334700,
        "typical_volume": 12395710.0,
        "trend": 13.531633,
        "fair_value": 15.376589,
        "relative_strength": 0.856348,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 75.348571,
        "energy": 89.483159,
        "activity_lines": [
          15.586667,
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          13.873758,
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      },
      {
        "date": "2026-08-07",
        "close": 16.200001,
        "volume": 17321600,
        "typical_volume": 12264250.0,
        "trend": 13.615953,
        "fair_value": 15.336434,
        "relative_strength": 4.301856,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 79.228173,
        "energy": 87.747561,
        "activity_lines": [
          15.833334,
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          14.155733,
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      }
    ],
    "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."
    }
  }
}