{
  "ticker": {
    "uuid": "3a649efa-53f8-496a-b881-1ab2692b6e15",
    "symbol": "HTC",
    "name": "Haad Thip 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 88.882,
    "architecture_energy": 77.376,
    "architecture_maturity": 29.045,
    "architecture_confidence": 65.696,
    "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": 0.69,
        "rotation_up": 80.86,
        "upward_expansion": 92.65,
        "deceleration": 42.72,
        "rotation_down": 12.42,
        "downward_expansion": 14.65
      },
      "activity_lines": [
        16.24,
        16.052727,
        15.78652,
        15.602196
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 16.700001,
    "trend_reference": 15.348397,
    "distance_from_trend": 0.088062,
    "trend_direction": "Improving",
    "fair_value": 14.59087,
    "distance_from_fair_value": 0.144551,
    "fair_value_direction": "Improving",
    "relative_strength": -3.292206,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.145616,
    "excess_performance": -0.046709,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.088062,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.036085,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.144551,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.114128,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.032922,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.082788,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.145616,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.547505,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1308700,
      "relative_activity": 1.705691,
      "balance": 3.547505,
      "dry_up": 1.624949,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.023491,
      "annualized_volatility": 0.103908,
      "from_high_reference": -0.011834,
      "from_low_reference": 0.21245
    },
    "levels": {
      "trend_reference": 15.348397,
      "fair_value_reference": 14.59087,
      "structural_low": 14.48077,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": -0.012739,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.006195,
        "regime_survival": 0.6,
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        "worst_return": -0.051613,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.022356,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": 0.028229,
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        "best_return": 0.239278,
        "worst_return": -0.071688,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.026861,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.025544,
        "regime_survival": 0.2,
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        "worst_return": -0.186866,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.017306,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.003068,
        "regime_survival": 0.5,
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        "worst_return": -0.165626,
        "sufficient": false
      }
    ],
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      },
      {
        "regime": "balance",
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        "regime": "rotation_up",
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      {
        "regime": "deceleration",
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        "end": "2025-03-07",
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        "regime": "upward_expansion",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 797270.0,
        "trend": 15.16659,
        "fair_value": 14.567394,
        "relative_strength": -9.517485,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 70.505608,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 16.1,
        "volume": 722500,
        "typical_volume": 753995.0,
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        "fair_value": 14.573708,
        "relative_strength": -8.900529,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.995132,
        "energy": 55.356685,
        "activity_lines": [
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          15.613223,
          15.460352
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      },
      {
        "date": "2026-07-31",
        "close": 16.0,
        "volume": 394100,
        "typical_volume": 732360.0,
        "trend": 15.277641,
        "fair_value": 14.580046,
        "relative_strength": -8.140967,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.568246,
        "energy": 51.873069,
        "activity_lines": [
          15.993333,
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          15.668317,
          15.510431
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      },
      {
        "date": "2026-08-07",
        "close": 16.700001,
        "volume": 1308700,
        "typical_volume": 767255.0,
        "trend": 15.348397,
        "fair_value": 14.59087,
        "relative_strength": -3.292206,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 88.881588,
        "energy": 77.376399,
        "activity_lines": [
          16.24,
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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."
    }
  }
}