{
  "ticker": {
    "uuid": "3e74a64f-e63f-4be0-9fcc-e7ecd4da6c71",
    "symbol": "SO",
    "name": "Siamrajathanee 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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 90.15,
    "architecture_energy": 82.529,
    "architecture_maturity": 57.864,
    "architecture_confidence": 77.931,
    "architecture_tenure": "Established",
    "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": 3.68,
        "rotation_up": 64.31,
        "upward_expansion": 91.94,
        "deceleration": 47.5,
        "rotation_down": 28.61,
        "downward_expansion": 16.27
      },
      "activity_lines": [
        4.705333,
        4.677091,
        4.635947,
        4.533271
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.833333
    },
    "latest_close": 4.78,
    "trend_reference": 4.362937,
    "distance_from_trend": 0.095592,
    "trend_direction": "Improving",
    "fair_value": 4.656911,
    "distance_from_fair_value": 0.026431,
    "fair_value_direction": "Improving",
    "relative_strength": -2.867544,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.249476,
    "excess_performance": 0.057151,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.095592,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.060437,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.026431,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.056751,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.028675,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.013239,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.249476,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.722733,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 271100,
      "relative_activity": 1.051407,
      "balance": 0.722733,
      "dry_up": 0.747057,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.012874,
      "annualized_volatility": 0.135942,
      "from_high_reference": 0.0,
      "from_low_reference": 0.336805
    },
    "levels": {
      "trend_reference": 4.362937,
      "fair_value_reference": 4.656911,
      "structural_low": 3.57569,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
        "median_return": 0.0,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.021986,
        "regime_survival": 0.714286,
        "best_return": 0.049405,
        "worst_return": -0.286517,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": -0.075734,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.110554,
        "regime_survival": 0.333333,
        "best_return": 0.049405,
        "worst_return": -0.331461,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.288296,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.296639,
        "regime_survival": 0.0,
        "best_return": -0.119958,
        "worst_return": -0.456634,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.191323,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.293331,
        "regime_survival": 0.5,
        "best_return": 0.099592,
        "worst_return": -0.482238,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-11-03",
        "end": "2024-01-26",
        "tenure": "Established",
        "return": 0.047297,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Developing",
        "return": -0.124183,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Extended",
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      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "return": -0.064757,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-06-20",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-17",
        "tenure": "Developing",
        "return": -0.035934,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-11-14",
        "tenure": "New",
        "return": -0.037037,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "active": false
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      {
        "regime": "downward_expansion",
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        "return": 0.030303,
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      {
        "regime": "balance",
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        "active": false
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      {
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        "active": true
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      },
      {
        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 315600.0,
        "trend": 4.280598,
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        "stage": 2,
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        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.500688,
        "energy": 63.192755,
        "activity_lines": [
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          4.579415,
          4.455817
        ]
      },
      {
        "date": "2026-07-24",
        "close": 4.64,
        "volume": 272500,
        "typical_volume": 305600.0,
        "trend": 4.305822,
        "fair_value": 4.677505,
        "relative_strength": -7.921299,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.419299,
        "energy": 59.852991,
        "activity_lines": [
          4.645333,
          4.641091,
          4.595364,
          4.479004
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      },
      {
        "date": "2026-07-31",
        "close": 4.7,
        "volume": 71000,
        "typical_volume": 280930.0,
        "trend": 4.333046,
        "fair_value": 4.667577,
        "relative_strength": -5.42886,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 76.330116,
        "energy": 64.824995,
        "activity_lines": [
          4.664,
          4.652364,
          4.613608,
          4.504435
        ]
      },
      {
        "date": "2026-08-07",
        "close": 4.78,
        "volume": 271100,
        "typical_volume": 257845.0,
        "trend": 4.362937,
        "fair_value": 4.656911,
        "relative_strength": -2.867544,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.149825,
        "energy": 82.528854,
        "activity_lines": [
          4.705333,
          4.677091,
          4.635947,
          4.533271
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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."
    }
  }
}