{
  "ticker": {
    "uuid": "3d851a6f-b0fd-4274-85e7-27d1345e993a",
    "symbol": "FPI",
    "name": "Fortune Parts Industry 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": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 54.855,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": 1.534,
    "architecture_energy": 23.889,
    "architecture_maturity": 21.514,
    "architecture_confidence": 52.838,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 53.68,
        "rotation_up": 47.81,
        "upward_expansion": 36.34,
        "deceleration": 43.51,
        "rotation_down": 14.13,
        "downward_expansion": 42.34
      },
      "activity_lines": [
        1.593333,
        1.560182,
        1.550059,
        1.571277
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 1.6,
    "trend_reference": 1.604915,
    "distance_from_trend": -0.003063,
    "trend_direction": "Weakening",
    "fair_value": 1.793537,
    "distance_from_fair_value": -0.107908,
    "fair_value_direction": "Improving",
    "relative_strength": -12.825289,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.09406,
    "excess_performance": -0.286385,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.003063,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.009199,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.107908,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.04486,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.128253,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.020953,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.09406,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.008687,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 445800,
      "relative_activity": 1.00046,
      "balance": 1.008687,
      "dry_up": 1.645216,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.038462,
      "annualized_volatility": 0.205887,
      "from_high_reference": -0.113648,
      "from_low_reference": 0.09589
    },
    "levels": {
      "trend_reference": 1.604915,
      "fair_value_reference": 1.793537,
      "structural_low": 1.46,
      "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": 17,
        "median_return": -0.010204,
        "positive_rate": 0.470588,
        "directional_follow_through": 0.470588,
        "median_excess_return": -0.007541,
        "regime_survival": 0.529412,
        "best_return": 0.45,
        "worst_return": -0.123529,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.011377,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.034673,
        "regime_survival": 0.25,
        "best_return": 0.368853,
        "worst_return": -0.12963,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.022934,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.044251,
        "regime_survival": 0.142857,
        "best_return": 0.344263,
        "worst_return": -0.226852,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.181123,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.026031,
        "regime_survival": 0.333333,
        "best_return": 0.452422,
        "worst_return": -0.230892,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-04-19",
        "end": "2024-09-13",
        "tenure": "Established",
        "return": -0.044465,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-20",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": -0.092593,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-05-23",
        "tenure": "Extended",
        "return": -0.064849,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-07-04",
        "tenure": "Developing",
        "return": -0.147059,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-07-11",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": 0.060811,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-22",
        "end": "2025-09-19",
        "tenure": "Developing",
        "return": 0.025316,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-09-26",
        "end": "2025-10-10",
        "tenure": "New",
        "return": -0.012658,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-17",
        "end": "2025-11-28",
        "tenure": "Developing",
        "return": 0.065789,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-12-05",
        "end": "2025-12-12",
        "tenure": "New",
        "return": 0.01227,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-19",
        "end": "2026-03-13",
        "tenure": "Established",
        "return": 0.042945,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-20",
        "end": "2026-05-15",
        "tenure": "Developing",
        "return": -0.073344,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-05-22",
        "end": "2026-05-29",
        "tenure": "New",
        "return": 0.013245,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-06-05",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": 0.073826,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 2.235683,
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        "typical_volume": 1822200.0,
        "trend": 2.220823,
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      },
      {
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      },
      {
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      },
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      },
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        "relative_strength": -12.32747,
        "stage": 1,
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        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -16.42349,
        "energy": 19.882368,
        "activity_lines": [
          1.605446,
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          1.653444,
          1.637636
        ]
      },
      {
        "date": "2026-04-24",
        "close": 1.688061,
        "volume": 294700,
        "typical_volume": 275815.0,
        "trend": 1.613903,
        "fair_value": 1.848178,
        "relative_strength": -5.722067,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.100099,
        "energy": 13.177353,
        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 277670.0,
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        "fair_value": 1.845063,
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      },
      {
        "date": "2026-05-08",
        "close": 1.56,
        "volume": 499000,
        "typical_volume": 281585.0,
        "trend": 1.617766,
        "fair_value": 1.841291,
        "relative_strength": -14.920638,
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        "gate": "mixed",
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 307280.0,
        "trend": 1.618661,
        "fair_value": 1.837759,
        "relative_strength": -18.08885,
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        "regime": "deceleration",
        "modifier": "Momentum cooling",
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        "direction": -41.420945,
        "energy": 32.999914,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 363055.0,
        "trend": 1.61858,
        "fair_value": 1.834115,
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        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -40.182835,
        "energy": 53.451135,
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      },
      {
        "date": "2026-05-29",
        "close": 1.53,
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        "typical_volume": 391505.0,
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        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 384270.0,
        "trend": 1.618743,
        "fair_value": 1.826267,
        "relative_strength": -20.773304,
        "stage": 4,
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-06-12",
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        "volume": 8400,
        "typical_volume": 368100.0,
        "trend": 1.617679,
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        "relative_strength": -20.153814,
        "stage": 4,
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-06-19",
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        "trend": 1.614988,
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 289995.0,
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        "relative_strength": -17.640085,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -68.518845,
        "energy": 69.963541,
        "activity_lines": [
          1.494,
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          1.586823
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      },
      {
        "date": "2026-07-03",
        "close": 1.51,
        "volume": 105000,
        "typical_volume": 283130.0,
        "trend": 1.608947,
        "fair_value": 1.81137,
        "relative_strength": -19.172353,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.67256,
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        "activity_lines": [
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          1.580266
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      },
      {
        "date": "2026-07-10",
        "close": 1.5,
        "volume": 1564300,
        "typical_volume": 337080.0,
        "trend": 1.605281,
        "fair_value": 1.807885,
        "relative_strength": -19.775393,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.427582,
        "energy": 45.229837,
        "activity_lines": [
          1.498667,
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          1.573237
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      },
      {
        "date": "2026-07-17",
        "close": 1.57,
        "volume": 1174300,
        "typical_volume": 386915.0,
        "trend": 1.604598,
        "fair_value": 1.804178,
        "relative_strength": -16.603374,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -42.970594,
        "energy": 29.258469,
        "activity_lines": [
          1.522667,
          1.513091,
          1.537918,
          1.570961
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.62,
        "volume": 920500,
        "typical_volume": 423045.0,
        "trend": 1.605257,
        "fair_value": 1.800903,
        "relative_strength": -13.92154,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -10.867586,
        "energy": 17.178063,
        "activity_lines": [
          1.558667,
          1.533091,
          1.543173,
          1.571955
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.6,
        "volume": 391800,
        "typical_volume": 431230.0,
        "trend": 1.605248,
        "fair_value": 1.797388,
        "relative_strength": -13.719065,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -0.799716,
        "energy": 18.641704,
        "activity_lines": [
          1.58,
          1.547455,
          1.546476,
          1.571616
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.6,
        "volume": 445800,
        "typical_volume": 445595.0,
        "trend": 1.604915,
        "fair_value": 1.793537,
        "relative_strength": -12.825289,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.533558,
        "energy": 23.889161,
        "activity_lines": [
          1.593333,
          1.560182,
          1.550059,
          1.571277
        ]
      }
    ],
    "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."
    }
  }
}