{
  "ticker": {
    "uuid": "375b4be4-20e0-468a-a908-2a8d027c3989",
    "symbol": "PROUD",
    "name": "Proud Real Estate 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": 53.158,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 66.122,
    "architecture_energy": 70.125,
    "architecture_maturity": 29.739,
    "architecture_confidence": 78.403,
    "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": 4.89,
        "rotation_up": 75.45,
        "upward_expansion": 89.95,
        "deceleration": 47.18,
        "rotation_down": 11.09,
        "downward_expansion": 14.28
      },
      "activity_lines": [
        1.1,
        1.069273,
        1.022218,
        0.98284
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 1.09,
    "trend_reference": 0.910809,
    "distance_from_trend": 0.196738,
    "trend_direction": "Improving",
    "fair_value": 1.219999,
    "distance_from_fair_value": -0.106557,
    "fair_value_direction": "Improving",
    "relative_strength": 4.567992,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.720478,
    "excess_performance": 0.528153,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.196738,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.084351,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.106557,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.137428,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.04568,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.171043,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.720478,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.199277,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 557500,
      "relative_activity": 0.179157,
      "balance": 3.199277,
      "dry_up": 1.94753,
      "accumulation_observations": 1,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.059986,
      "annualized_volatility": 0.566273,
      "from_high_reference": -0.04386,
      "from_low_reference": 0.79868
    },
    "levels": {
      "trend_reference": 0.910809,
      "fair_value_reference": 1.219999,
      "structural_low": 0.606,
      "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": -0.029286,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.019334,
        "regime_survival": 0.5,
        "best_return": 0.203948,
        "worst_return": -0.205607,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.129774,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.088483,
        "regime_survival": 0.166667,
        "best_return": 0.135417,
        "worst_return": -0.244445,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.210257,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.122805,
        "regime_survival": 0.0,
        "best_return": 0.052632,
        "worst_return": -0.318518,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.23359,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.26799,
        "regime_survival": 0.333333,
        "best_return": 0.31579,
        "worst_return": -0.410257,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-07-05",
        "tenure": "New",
        "return": -0.129944,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-08-09",
        "tenure": "Developing",
        "return": -0.236025,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-16",
        "end": "2024-11-01",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-15",
        "end": "2025-04-18",
        "tenure": "Established",
        "return": -0.015504,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.061539,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "active": false
      },
      {
        "regime": "balance",
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        "return": -0.100775,
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      },
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 3792780.0,
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        "direction": 79.301781,
        "energy": 78.645007,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 1.12,
        "volume": 543900,
        "typical_volume": 3346345.0,
        "trend": 0.901103,
        "fair_value": 1.224902,
        "relative_strength": 6.045897,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 76.47811,
        "energy": 80.404306,
        "activity_lines": [
          1.096,
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          1.011809,
          0.970654
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      },
      {
        "date": "2026-08-07",
        "close": 1.09,
        "volume": 557500,
        "typical_volume": 3111800.0,
        "trend": 0.910809,
        "fair_value": 1.219999,
        "relative_strength": 4.567992,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.1216,
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        "activity_lines": [
          1.1,
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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."
    }
  }
}