{
  "ticker": {
    "uuid": "45b67947-32d7-421c-bb71-cb4bd8507214",
    "symbol": "UV",
    "name": "Univentures 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 64.931,
    "architecture_energy": 84.914,
    "architecture_maturity": 20.519,
    "architecture_confidence": 71.359,
    "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": 37.61,
        "rotation_up": 74.93,
        "upward_expansion": 91.79,
        "deceleration": 47.5,
        "rotation_down": 8.03,
        "downward_expansion": 20.79
      },
      "activity_lines": [
        1.028667,
        0.967636,
        0.915619,
        0.896215
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 1.01,
    "trend_reference": 0.873333,
    "distance_from_trend": 0.156489,
    "trend_direction": "Improving",
    "fair_value": 1.367238,
    "distance_from_fair_value": -0.261284,
    "fair_value_direction": "Improving",
    "relative_strength": -5.18628,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.2625,
    "excess_performance": 0.070175,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.156489,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.016686,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.261284,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.156925,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.051863,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.13245,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.2625,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.898885,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 3564400,
      "relative_activity": 0.536933,
      "balance": 4.898885,
      "dry_up": 4.380604,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.06626,
      "annualized_volatility": 0.460079,
      "from_high_reference": -0.158333,
      "from_low_reference": 0.328947
    },
    "levels": {
      "trend_reference": 0.873333,
      "fair_value_reference": 1.367238,
      "structural_low": 0.76,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.001982,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.001561,
        "regime_survival": 0.5,
        "best_return": 0.044872,
        "worst_return": -0.134969,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.107184,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.081125,
        "regime_survival": 0.25,
        "best_return": 0.068204,
        "worst_return": -0.205607,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.186916,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.254661,
        "regime_survival": 0.0,
        "best_return": -0.064492,
        "worst_return": -0.222144,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.29007,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.215882,
        "regime_survival": 0.0,
        "best_return": -0.28343,
        "worst_return": -0.29671,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-05-05",
        "end": "2024-01-05",
        "tenure": "Extended",
        "return": -0.077652,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-05-10",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      {
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      {
        "regime": "downward_expansion",
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        "end": "2024-12-06",
        "tenure": "New",
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        "active": false
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      {
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        "active": false
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        "regime": "downward_expansion",
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        "color": "red",
        "start": "2025-01-03",
        "end": "2025-08-01",
        "tenure": "Extended",
        "return": -0.36,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-09-26",
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        "return": -0.043478,
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      {
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        "end": "2025-10-10",
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        "return": -0.056075,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-11-21",
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        "return": -0.061224,
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        "return": 0.024096,
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        "active": true
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      },
      {
        "date": "2026-04-17",
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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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      },
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      {
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 1781305.0,
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 1510405.0,
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        "relative_strength": -22.483351,
        "stage": 4,
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      },
      {
        "date": "2026-07-10",
        "close": 0.84,
        "volume": 1758200,
        "typical_volume": 1194635.0,
        "trend": 0.846333,
        "fair_value": 1.399968,
        "relative_strength": -22.541192,
        "stage": 4,
        "regime": "balance",
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        "energy": 28.41417,
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      },
      {
        "date": "2026-07-17",
        "close": 1.11,
        "volume": 94701000,
        "typical_volume": 5848950.0,
        "trend": 0.854667,
        "fair_value": 1.392038,
        "relative_strength": 1.270986,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 82.881111,
        "energy": 75.57284,
        "activity_lines": [
          0.927333,
          0.887455,
          0.868714,
          0.862882
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.04,
        "volume": 14275300,
        "typical_volume": 6362340.0,
        "trend": 0.861,
        "fair_value": 1.383542,
        "relative_strength": -5.295224,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.81959,
        "energy": 82.338028,
        "activity_lines": [
          0.977333,
          0.919091,
          0.885952,
          0.874839
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.05,
        "volume": 3780900,
        "typical_volume": 6503600.0,
        "trend": 0.867667,
        "fair_value": 1.375343,
        "relative_strength": -2.908407,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 74.810482,
        "energy": 87.583235,
        "activity_lines": [
          1.017333,
          0.948909,
          0.90319,
          0.887032
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.01,
        "volume": 3564400,
        "typical_volume": 6638445.0,
        "trend": 0.873333,
        "fair_value": 1.367238,
        "relative_strength": -5.18628,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 64.930953,
        "energy": 84.913631,
        "activity_lines": [
          1.028667,
          0.967636,
          0.915619,
          0.896215
        ]
      }
    ],
    "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."
    }
  }
}