{
  "ticker": {
    "uuid": "413756aa-690d-43b0-9cdf-999d837e8093",
    "symbol": "LHK",
    "name": "Lohakit Metal 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": 62.555,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 66.047,
    "architecture_energy": 63.08,
    "architecture_maturity": 15.422,
    "architecture_confidence": 76.609,
    "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": 10.24,
        "rotation_up": 68.06,
        "upward_expansion": 90.48,
        "deceleration": 45.22,
        "rotation_down": 18.08,
        "downward_expansion": 12.48
      },
      "activity_lines": [
        3.538667,
        3.520727,
        3.455252,
        3.42408
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 3.54,
    "trend_reference": 3.394781,
    "distance_from_trend": 0.042777,
    "trend_direction": "Improving",
    "fair_value": 3.472024,
    "distance_from_fair_value": 0.019578,
    "fair_value_direction": "Improving",
    "relative_strength": -10.139005,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.053571,
    "excess_performance": -0.138754,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.042777,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.012721,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.019578,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.091219,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.10139,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.063819,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.053571,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.174637,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 887900,
      "relative_activity": 1.961841,
      "balance": 5.174637,
      "dry_up": 1.303291,
      "accumulation_observations": 5,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.020508,
      "annualized_volatility": 0.100213,
      "from_high_reference": -0.016667,
      "from_low_reference": 0.122687
    },
    "levels": {
      "trend_reference": 3.394781,
      "fair_value_reference": 3.472024,
      "structural_low": 3.153149,
      "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": 23,
        "median_return": 0.011429,
        "positive_rate": 0.608696,
        "directional_follow_through": 0.608696,
        "median_excess_return": 0.011251,
        "regime_survival": 0.826087,
        "best_return": 0.095845,
        "worst_return": -0.029448,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.042475,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": 0.037417,
        "regime_survival": 0.625,
        "best_return": 0.225257,
        "worst_return": -0.081371,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.127232,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.146273,
        "regime_survival": 0.4,
        "best_return": 0.219884,
        "worst_return": -0.073383,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.073393,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.138332,
        "regime_survival": 0.666667,
        "best_return": 0.415223,
        "worst_return": 0.035503,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-05-03",
        "end": "2024-05-24",
        "tenure": "New",
        "return": 0.02463,
        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
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      {
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      {
        "regime": "rotation_up",
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      {
        "regime": "downward_expansion",
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        "regime": "upward_expansion",
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        "end": "2025-10-10",
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        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-12-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 467390.0,
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        "relative_strength": -12.740621,
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        "energy": 71.739825,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 468195.0,
        "trend": 3.382781,
        "fair_value": 3.477134,
        "relative_strength": -12.55374,
        "stage": 3,
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        "modifier": "Early expansion",
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        "direction": 70.936036,
        "energy": 75.652068,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 3.54,
        "volume": 371600,
        "typical_volume": 438325.0,
        "trend": 3.388781,
        "fair_value": 3.474579,
        "relative_strength": -11.1307,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.09816,
        "energy": 72.292904,
        "activity_lines": [
          3.534667,
          3.512392,
          3.441363,
          3.414324
        ]
      },
      {
        "date": "2026-08-07",
        "close": 3.54,
        "volume": 887900,
        "typical_volume": 452585.0,
        "trend": 3.394781,
        "fair_value": 3.472024,
        "relative_strength": -10.139005,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 66.046681,
        "energy": 63.079816,
        "activity_lines": [
          3.538667,
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          3.42408
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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."
    }
  }
}