{
  "ticker": {
    "uuid": "4113ab6a-2e49-4933-ad4d-8b8fbbf33516",
    "symbol": "PM",
    "name": "Premier Marketing 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": "3c",
    "phase_label": "Stage 3C \u00b7 Breakdown watch",
    "transition": "stage_3_to_4_watch",
    "transition_label": "Stage 3 \u2192 4 watch",
    "confidence": 66.544,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": 7.677,
    "architecture_energy": 17.429,
    "architecture_maturity": 13.205,
    "architecture_confidence": 58.464,
    "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": 58.01,
        "rotation_up": 42.73,
        "upward_expansion": 35.29,
        "deceleration": 39.46,
        "rotation_down": 15.18,
        "downward_expansion": 41.29
      },
      "activity_lines": [
        11.2,
        11.076364,
        11.010952,
        11.096428
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 11.4,
    "trend_reference": 11.246568,
    "distance_from_trend": 0.013643,
    "trend_direction": "Weakening",
    "fair_value": 8.806427,
    "distance_from_fair_value": 0.294509,
    "fair_value_direction": "Weakening",
    "relative_strength": -12.82143,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.023431,
    "excess_performance": -0.215756,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.013643,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.006815,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.294509,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.051318,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.128214,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.014412,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.023431,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.266719,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1006400,
      "relative_activity": 0.888497,
      "balance": 0.266719,
      "dry_up": 0.759292,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.032389,
      "annualized_volatility": 0.143887,
      "from_high_reference": -0.069568,
      "from_low_reference": 0.085714
    },
    "levels": {
      "trend_reference": 11.246568,
      "fair_value_reference": 8.806427,
      "structural_low": 10.5,
      "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": 8,
        "median_return": -0.00463,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.013046,
        "regime_survival": 0.5,
        "best_return": 0.067039,
        "worst_return": -0.045646,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.001665,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.045007,
        "regime_survival": 0.0,
        "best_return": 0.043716,
        "worst_return": -0.036036,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.011682,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.029765,
        "regime_survival": 0.0,
        "best_return": -0.008724,
        "worst_return": -0.014641,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.030041,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.084242,
        "regime_survival": 0.0,
        "best_return": 0.030041,
        "worst_return": 0.030041,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-12-01",
        "end": "2024-04-26",
        "tenure": "Established",
        "return": 0.053472,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-05-03",
        "end": "2024-05-24",
        "tenure": "New",
        "return": -0.024096,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-31",
        "end": "2024-06-14",
        "tenure": "New",
        "return": -0.08284,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-06-21",
        "end": "2024-08-30",
        "tenure": "Developing",
        "return": 0.063291,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-06",
        "end": "2024-12-20",
        "tenure": "Established",
        "return": 0.080247,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-27",
        "end": "2025-02-21",
        "tenure": "Developing",
        "return": 0.090395,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-28",
        "end": "2025-06-20",
        "tenure": "Established",
        "return": 0.129386,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-06-27",
        "end": "2025-07-25",
        "tenure": "Developing",
        "return": 0.057143,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-01",
        "end": "2025-10-17",
        "tenure": "Developing",
        "return": 0.060822,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-24",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": 0.053572,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-02",
        "end": "2026-03-20",
        "tenure": "Developing",
        "return": -0.007018,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-27",
        "end": "2026-05-29",
        "tenure": "Developing",
        "return": -0.045045,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-06-05",
        "end": "2026-07-24",
        "tenure": "Developing",
        "return": 0.037736,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.027027,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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        "typical_volume": 528995.0,
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        "fair_value": 6.850189,
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        "modifier": "Upper balance after advance",
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      },
      {
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      },
      {
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      },
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        ]
      },
      {
        "date": "2026-04-17",
        "close": 11.2,
        "volume": 238700,
        "typical_volume": 929385.0,
        "trend": 11.345415,
        "fair_value": 8.381231,
        "relative_strength": -12.436533,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -18.165872,
        "energy": 23.748979,
        "activity_lines": [
          11.246667,
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        ]
      },
      {
        "date": "2026-04-24",
        "close": 11.1,
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        "typical_volume": 923770.0,
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        "fair_value": 8.410332,
        "relative_strength": -11.46608,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -20.829405,
        "energy": 24.922149,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-01",
        "close": 11.4,
        "volume": 986100,
        "typical_volume": 949265.0,
        "trend": 11.336476,
        "fair_value": 8.441107,
        "relative_strength": -11.221769,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -11.825824,
        "energy": 12.582475,
        "activity_lines": [
          11.26,
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        ]
      },
      {
        "date": "2026-05-08",
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        "volume": 682900,
        "typical_volume": 961955.0,
        "trend": 11.337006,
        "fair_value": 8.47063,
        "relative_strength": -11.380259,
        "stage": 3,
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        "modifier": "Upper balance after advance",
        "gate": "mixed",
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        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 11.1,
        "volume": 6444100,
        "typical_volume": 1271685.0,
        "trend": 11.337183,
        "fair_value": 8.49823,
        "relative_strength": -14.437091,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -25.732987,
        "energy": 14.612155,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-22",
        "close": 10.8,
        "volume": 2782500,
        "typical_volume": 1402380.0,
        "trend": 11.337008,
        "fair_value": 8.522656,
        "relative_strength": -17.537994,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -37.554451,
        "energy": 23.408195,
        "activity_lines": [
          11.1,
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        ]
      },
      {
        "date": "2026-05-29",
        "close": 10.6,
        "volume": 1531500,
        "typical_volume": 1440935.0,
        "trend": 11.323735,
        "fair_value": 8.545799,
        "relative_strength": -20.175295,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -70.20337,
        "energy": 58.737005,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 10.6,
        "volume": 206500,
        "typical_volume": 1424175.0,
        "trend": 11.316894,
        "fair_value": 8.568442,
        "relative_strength": -20.499508,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.007098,
        "energy": 70.712232,
        "activity_lines": [
          10.76,
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        ]
      },
      {
        "date": "2026-06-12",
        "close": 10.6,
        "volume": 71100,
        "typical_volume": 1408620.0,
        "trend": 11.310052,
        "fair_value": 8.591084,
        "relative_strength": -20.627014,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.955745,
        "energy": 73.900238,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-19",
        "close": 10.7,
        "volume": 34000,
        "typical_volume": 1384470.0,
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        "fair_value": 8.615119,
        "relative_strength": -18.46652,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.116102,
        "energy": 70.589808,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 10.7,
        "volume": 239100,
        "typical_volume": 1375760.0,
        "trend": 11.293388,
        "fair_value": 8.639654,
        "relative_strength": -16.47942,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -60.300417,
        "energy": 61.902557,
        "activity_lines": [
          10.66,
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          10.986202,
          11.144221
        ]
      },
      {
        "date": "2026-07-03",
        "close": 11.0,
        "volume": 444600,
        "typical_volume": 1335650.0,
        "trend": 11.280585,
        "fair_value": 8.666613,
        "relative_strength": -17.410175,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -54.238674,
        "energy": 36.004338,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-10",
        "close": 11.2,
        "volume": 1381500,
        "typical_volume": 1257060.0,
        "trend": 11.28088,
        "fair_value": 8.695105,
        "relative_strength": -16.081166,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -29.753584,
        "energy": 17.771539,
        "activity_lines": [
          10.94,
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          10.972698,
          11.120093
        ]
      },
      {
        "date": "2026-07-17",
        "close": 11.2,
        "volume": 1473900,
        "typical_volume": 1263950.0,
        "trend": 11.274743,
        "fair_value": 8.723095,
        "relative_strength": -16.664223,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -19.621513,
        "energy": 19.472497,
        "activity_lines": [
          11.06,
          10.905455,
          10.980476,
          11.114875
        ]
      },
      {
        "date": "2026-07-24",
        "close": 11.0,
        "volume": 755500,
        "typical_volume": 1160010.0,
        "trend": 11.26194,
        "fair_value": 8.750555,
        "relative_strength": -18.048363,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -21.071075,
        "energy": 21.397485,
        "activity_lines": [
          11.073333,
          10.932727,
          10.972381,
          11.09715
        ]
      },
      {
        "date": "2026-07-31",
        "close": 11.1,
        "volume": 204400,
        "typical_volume": 1137020.0,
        "trend": 11.249254,
        "fair_value": 8.778155,
        "relative_strength": -16.02263,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -10.176798,
        "energy": 16.511698,
        "activity_lines": [
          11.1,
          10.98,
          10.976667,
          11.086702
        ]
      },
      {
        "date": "2026-08-07",
        "close": 11.4,
        "volume": 1006400,
        "typical_volume": 1132700.0,
        "trend": 11.246568,
        "fair_value": 8.806427,
        "relative_strength": -12.82143,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 7.677019,
        "energy": 17.429207,
        "activity_lines": [
          11.2,
          11.076364,
          11.010952,
          11.096428
        ]
      }
    ],
    "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."
    }
  }
}