{
  "ticker": {
    "uuid": "3dbb4d8b-67b2-4ac0-932c-96a5c3567b0d",
    "symbol": "MNIT",
    "name": "MFC-Nichada Thani Property Fund 2",
    "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": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 61.747,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 52.561,
    "architecture_energy": 37.17,
    "architecture_maturity": 9.279,
    "architecture_confidence": 53.032,
    "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": 27.21,
        "rotation_up": 49.67,
        "upward_expansion": 73.26,
        "deceleration": 61.19,
        "rotation_down": 16.98,
        "downward_expansion": 4.59
      },
      "activity_lines": [
        1.934667,
        1.928727,
        1.911974,
        1.903606
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 1.92,
    "trend_reference": 1.889795,
    "distance_from_trend": 0.015983,
    "trend_direction": "Improving",
    "fair_value": 1.871839,
    "distance_from_fair_value": 0.025729,
    "fair_value_direction": "Improving",
    "relative_strength": -11.334158,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.033361,
    "excess_performance": -0.158964,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.015983,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.0157,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.025729,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.003416,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.113342,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.003513,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.033361,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.10279,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 28900,
      "relative_activity": 1.102843,
      "balance": 0.10279,
      "dry_up": 0.82427,
      "accumulation_observations": 0,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.022925,
      "annualized_volatility": 0.15808,
      "from_high_reference": -0.04,
      "from_low_reference": 0.085807
    },
    "levels": {
      "trend_reference": 1.889795,
      "fair_value_reference": 1.871839,
      "structural_low": 1.826716,
      "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": 30,
        "median_return": 0.00266,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.003978,
        "regime_survival": 0.666667,
        "best_return": 0.21875,
        "worst_return": -0.137931,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": 0.032821,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.030585,
        "regime_survival": 0.5,
        "best_return": 0.149764,
        "worst_return": -0.154228,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.055713,
        "positive_rate": 0.857143,
        "directional_follow_through": 0.857143,
        "median_excess_return": 0.048869,
        "regime_survival": 0.571429,
        "best_return": 0.195137,
        "worst_return": -0.168444,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.087398,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.068051,
        "regime_survival": 0.25,
        "best_return": 0.33667,
        "worst_return": -0.115911,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-19",
        "end": "2024-08-02",
        "tenure": "New",
        "return": 0.009091,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-08-09",
        "end": "2024-11-15",
        "tenure": "Established",
        "return": -0.020735,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-11-29",
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        "return": 0.061947,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-02-07",
        "tenure": "Developing",
        "return": -0.035715,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": -0.064221,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-02-28",
        "end": "2025-03-07",
        "tenure": "New",
        "return": 0.02,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-14",
        "end": "2025-07-11",
        "tenure": "Established",
        "return": -0.056482,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "return": -0.005128,
        "active": false
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        "regime": "rotation_up",
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        "active": false
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        "regime": "deceleration",
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        "end": "2026-03-13",
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        "active": true
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-07-03",
        "close": 1.9,
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        "typical_volume": 34760.0,
        "trend": 1.875142,
        "fair_value": 1.85949,
        "relative_strength": -14.082011,
        "stage": 3,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 28615.0,
        "trend": 1.878214,
        "fair_value": 1.86201,
        "relative_strength": -11.476024,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
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        "activity_lines": [
          1.92,
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      },
      {
        "date": "2026-07-17",
        "close": 1.96,
        "volume": 20400,
        "typical_volume": 27780.0,
        "trend": 1.882597,
        "fair_value": 1.864207,
        "relative_strength": -12.001379,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 67.878205,
        "energy": 64.483406,
        "activity_lines": [
          1.936667,
          1.918281,
          1.903112,
          1.894854
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.94,
        "volume": 19400,
        "typical_volume": 26825.0,
        "trend": 1.885002,
        "fair_value": 1.866761,
        "relative_strength": -12.735361,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.315759,
        "energy": 61.533907,
        "activity_lines": [
          1.942,
          1.924688,
          1.907268,
          1.898557
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.93,
        "volume": 17700,
        "typical_volume": 26400.0,
        "trend": 1.886746,
        "fair_value": 1.869683,
        "relative_strength": -11.788795,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 57.527878,
        "energy": 60.659774,
        "activity_lines": [
          1.940667,
          1.928109,
          1.910081,
          1.90146
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.92,
        "volume": 28900,
        "typical_volume": 26205.0,
        "trend": 1.889795,
        "fair_value": 1.871839,
        "relative_strength": -11.334158,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.561032,
        "energy": 37.169855,
        "activity_lines": [
          1.934667,
          1.928727,
          1.911974,
          1.903606
        ]
      }
    ],
    "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."
    }
  }
}