{
  "ticker": {
    "uuid": "2f6befad-e46b-403a-8788-1698297b71ad",
    "symbol": "TPP",
    "name": "Thai Packaging & Printing 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "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": 74.161,
    "architecture_energy": 69.722,
    "architecture_maturity": 42.313,
    "architecture_confidence": 91.153,
    "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": 0.52,
        "rotation_up": 66.66,
        "upward_expansion": 90.64,
        "deceleration": 50.01,
        "rotation_down": 25.13,
        "downward_expansion": 12.64
      },
      "activity_lines": [
        12.62,
        12.48,
        11.984762,
        11.596551
      ],
      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": 1.0
    },
    "latest_close": 12.7,
    "trend_reference": 11.063928,
    "distance_from_trend": 0.147874,
    "trend_direction": "Improving",
    "fair_value": 11.469047,
    "distance_from_fair_value": 0.107328,
    "fair_value_direction": "Improving",
    "relative_strength": 3.339201,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.336624,
    "excess_performance": 0.144299,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.147874,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.079029,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.107328,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.224651,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.033392,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.167772,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.336624,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 20.688312,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5900,
      "relative_activity": 0.189012,
      "balance": 20.688312,
      "dry_up": 0.366811,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.028468,
      "annualized_volatility": 0.351283,
      "from_high_reference": -0.092857,
      "from_low_reference": 0.349728
    },
    "levels": {
      "trend_reference": 11.063928,
      "fair_value_reference": 11.469047,
      "structural_low": 9.409303,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 6,
        "median_return": 0.033227,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.833333,
        "median_excess_return": 0.008914,
        "regime_survival": 0.666667,
        "best_return": 0.115,
        "worst_return": -0.06278,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.119059,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.084294,
        "regime_survival": 0.5,
        "best_return": 0.188119,
        "worst_return": 0.05,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.005,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.005929,
        "regime_survival": 0.0,
        "best_return": -0.005,
        "worst_return": -0.005,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.030644,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.035205,
        "regime_survival": 0.0,
        "best_return": -0.030644,
        "worst_return": -0.030644,
        "sufficient": false
      }
    ],
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-01-06",
        "end": "2023-03-31",
        "tenure": "Established",
        "return": -0.040902,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-04-07",
        "end": "2024-02-02",
        "tenure": "Extended",
        "return": -0.213542,
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      },
      {
        "regime": "balance",
        "label": "Balance",
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      },
      {
        "regime": "downward_expansion",
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      },
      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-01-10",
        "tenure": "Developing",
        "return": 0.00813,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-01-17",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
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        "regime": "downward_expansion",
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        "return": -0.045455,
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-03-20",
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        "return": -0.049249,
        "active": false
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      {
        "regime": "upward_expansion",
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        "active": true
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        "volume": 11400,
        "typical_volume": 39720.0,
        "trend": 10.140181,
        "fair_value": 11.857693,
        "relative_strength": -9.601053,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.596209,
        "energy": 19.791851,
        "activity_lines": [
          10.553333,
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      },
      {
        "date": "2026-05-01",
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        "volume": 8300,
        "typical_volume": 39245.0,
        "trend": 10.145788,
        "fair_value": 11.821731,
        "relative_strength": -12.439769,
        "stage": 1,
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        "modifier": "Recompressing",
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        "energy": 17.398441,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 39365.0,
        "trend": 10.160362,
        "fair_value": 11.782337,
        "relative_strength": -13.437963,
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        "energy": 16.200972,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "volume": 98400,
        "typical_volume": 44120.0,
        "trend": 10.194419,
        "fair_value": 11.748298,
        "relative_strength": -10.707406,
        "stage": 1,
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        "energy": 22.257832,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 47055.0,
        "trend": 10.220026,
        "fair_value": 11.71395,
        "relative_strength": -9.170553,
        "stage": 1,
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        "modifier": "Momentum cooling",
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        "direction": 55.788796,
        "energy": 27.717756,
        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 49915.0,
        "trend": 10.253592,
        "fair_value": 11.687437,
        "relative_strength": -4.80344,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.349876,
        "energy": 54.041079,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "volume": 20000,
        "typical_volume": 50035.0,
        "trend": 10.311757,
        "fair_value": 11.659251,
        "relative_strength": -5.16967,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
        "close": 11.9,
        "volume": 1200,
        "typical_volume": 49625.0,
        "trend": 10.379406,
        "fair_value": 11.631705,
        "relative_strength": -4.416342,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 49080.0,
        "trend": 10.453463,
        "fair_value": 11.604242,
        "relative_strength": -1.83608,
        "stage": 2,
        "regime": "upward_expansion",
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        "energy": 89.507688,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 12.0,
        "volume": 3800,
        "typical_volume": 48605.0,
        "trend": 10.518295,
        "fair_value": 11.577338,
        "relative_strength": 0.628851,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.117705,
        "energy": 88.527724,
        "activity_lines": [
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          11.184223,
          10.8845
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      },
      {
        "date": "2026-07-03",
        "close": 12.5,
        "volume": 4500,
        "typical_volume": 48705.0,
        "trend": 10.602868,
        "fair_value": 11.555871,
        "relative_strength": 0.725112,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 86.586153,
        "energy": 93.627213,
        "activity_lines": [
          12.14,
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          11.012352
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      },
      {
        "date": "2026-07-10",
        "close": 12.6,
        "volume": 33600,
        "typical_volume": 49710.0,
        "trend": 10.696925,
        "fair_value": 11.535603,
        "relative_strength": 1.274113,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 83.983859,
        "energy": 92.992148,
        "activity_lines": [
          12.326667,
          12.025455,
          11.487778,
          11.141199
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      },
      {
        "date": "2026-07-17",
        "close": 12.5,
        "volume": 15400,
        "typical_volume": 48980.0,
        "trend": 10.790724,
        "fair_value": 11.518044,
        "relative_strength": -0.387038,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 73.842929,
        "energy": 88.443567,
        "activity_lines": [
          12.426667,
          12.172727,
          11.613998,
          11.257526
        ]
      },
      {
        "date": "2026-07-24",
        "close": 12.6,
        "volume": 16500,
        "typical_volume": 44110.0,
        "trend": 10.88478,
        "fair_value": 11.502242,
        "relative_strength": 0.428374,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.389173,
        "energy": 87.184385,
        "activity_lines": [
          12.52,
          12.3,
          11.74381,
          11.374254
        ]
      },
      {
        "date": "2026-07-31",
        "close": 12.6,
        "volume": 8000,
        "typical_volume": 33175.0,
        "trend": 10.969613,
        "fair_value": 11.485324,
        "relative_strength": 1.748847,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.839729,
        "energy": 81.335751,
        "activity_lines": [
          12.573333,
          12.394545,
          11.862381,
          11.484913
        ]
      },
      {
        "date": "2026-08-07",
        "close": 12.7,
        "volume": 5900,
        "typical_volume": 31215.0,
        "trend": 11.063928,
        "fair_value": 11.469047,
        "relative_strength": 3.339201,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.160999,
        "energy": 69.72221,
        "activity_lines": [
          12.62,
          12.48,
          11.984762,
          11.596551
        ]
      }
    ],
    "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."
    }
  }
}