{
  "ticker": {
    "uuid": "4670060f-1ea2-46a7-9f1f-59df1108a2cc",
    "symbol": "TWP",
    "name": "Thai Wire Products 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": 4,
    "stage_name": "Declining",
    "phase": "4c",
    "phase_label": "Stage 4C \u00b7 Repair watch",
    "transition": "stage_4_to_1_watch",
    "transition_label": "Stage 4 \u2192 1 repair watch",
    "confidence": 51.491,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -47.206,
    "architecture_energy": 33.428,
    "architecture_maturity": 4.787,
    "architecture_confidence": 96,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 40.85,
        "rotation_up": 15.39,
        "upward_expansion": 5.59,
        "deceleration": 42.91,
        "rotation_down": 51.58,
        "downward_expansion": 78.93
      },
      "activity_lines": [
        1.131333,
        1.139091,
        1.141095,
        1.145269
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 1.14,
    "trend_reference": 1.151333,
    "distance_from_trend": -0.009844,
    "trend_direction": "Weakening",
    "fair_value": 1.433013,
    "distance_from_fair_value": -0.204473,
    "fair_value_direction": "Improving",
    "relative_strength": -15.941674,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.008696,
    "excess_performance": -0.201021,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.009844,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.008326,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.204473,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.055476,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.159417,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.008217,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.008696,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.229237,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 87300,
      "relative_activity": 0.716837,
      "balance": 0.229237,
      "dry_up": 0.561235,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.044534,
      "annualized_volatility": 0.245051,
      "from_high_reference": -0.179856,
      "from_low_reference": 0.14
    },
    "levels": {
      "trend_reference": 1.151333,
      "fair_value_reference": 1.433013,
      "structural_low": 1.0,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 36,
        "median_return": -0.010939,
        "positive_rate": 0.361111,
        "directional_follow_through": 0.583333,
        "median_excess_return": -0.014966,
        "regime_survival": 0.805556,
        "best_return": 0.552632,
        "worst_return": -0.279721,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": -0.035065,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.047811,
        "regime_survival": 0.75,
        "best_return": 0.295597,
        "worst_return": -0.258503,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.149409,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.833333,
        "median_excess_return": -0.027841,
        "regime_survival": 0.5,
        "best_return": 0.267026,
        "worst_return": -0.259493,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.210737,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.149144,
        "regime_survival": 0.75,
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        "worst_return": -0.352564,
        "sufficient": false
      }
    ],
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        "regime": "balance",
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        "regime": "downward_expansion",
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        "active": false
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        "regime": "rotation_up",
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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          1.168516
        ]
      },
      {
        "date": "2026-04-24",
        "close": 1.1,
        "volume": 129300,
        "typical_volume": 117250.0,
        "trend": 1.165667,
        "fair_value": 1.540325,
        "relative_strength": -17.246706,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -54.343131,
        "energy": 30.737573,
        "activity_lines": [
          1.141333,
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          1.163957
        ]
      },
      {
        "date": "2026-05-01",
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        "volume": 211100,
        "typical_volume": 110040.0,
        "trend": 1.163667,
        "fair_value": 1.533748,
        "relative_strength": -15.33978,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -43.748906,
        "energy": 28.573768,
        "activity_lines": [
          1.14,
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          1.158667,
          1.162946
        ]
      },
      {
        "date": "2026-05-08",
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        "typical_volume": 101795.0,
        "trend": 1.162333,
        "fair_value": 1.526922,
        "relative_strength": -16.763364,
        "stage": 4,
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        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.463112,
        "energy": 34.320914,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
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        "volume": 159900,
        "typical_volume": 99870.0,
        "trend": 1.163,
        "fair_value": 1.519438,
        "relative_strength": -16.507211,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -45.908349,
        "energy": 32.076465,
        "activity_lines": [
          1.134667,
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      },
      {
        "date": "2026-05-22",
        "close": 1.07,
        "volume": 277600,
        "typical_volume": 113680.0,
        "trend": 1.161,
        "fair_value": 1.511266,
        "relative_strength": -22.262651,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -59.263705,
        "energy": 37.621015,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
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        "volume": 44700,
        "typical_volume": 113645.0,
        "trend": 1.161,
        "fair_value": 1.503061,
        "relative_strength": -18.371782,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.745159,
        "energy": 28.688225,
        "activity_lines": [
          1.120667,
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          1.143333,
          1.151978
        ]
      },
      {
        "date": "2026-06-05",
        "close": 1.17,
        "volume": 3500,
        "typical_volume": 103675.0,
        "trend": 1.163,
        "fair_value": 1.494928,
        "relative_strength": -16.67633,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -27.53234,
        "energy": 14.288875,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 4600,
        "typical_volume": 96690.0,
        "trend": 1.163667,
        "fair_value": 1.487701,
        "relative_strength": -16.274869,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
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      },
      {
        "date": "2026-06-19",
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        "relative_strength": -14.730874,
        "stage": 4,
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        "gate": "mixed",
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        "energy": 11.200678,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 7000,
        "typical_volume": 91505.0,
        "trend": 1.162667,
        "fair_value": 1.474995,
        "relative_strength": -11.962617,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 17.183845,
        "energy": 23.980686,
        "activity_lines": [
          1.179333,
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          1.156452
        ]
      },
      {
        "date": "2026-07-03",
        "close": 1.13,
        "volume": 107800,
        "typical_volume": 79355.0,
        "trend": 1.159667,
        "fair_value": 1.468289,
        "relative_strength": -19.434386,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 1.377307,
        "energy": 12.18361,
        "activity_lines": [
          1.165333,
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          1.15081,
          1.154344
        ]
      },
      {
        "date": "2026-07-10",
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        "volume": 881300,
        "typical_volume": 115065.0,
        "trend": 1.158,
        "fair_value": 1.461159,
        "relative_strength": -20.013751,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -35.907024,
        "energy": 13.721411,
        "activity_lines": [
          1.148667,
          1.150182,
          1.147429,
          1.151785
        ]
      },
      {
        "date": "2026-07-17",
        "close": 1.13,
        "volume": 49200,
        "typical_volume": 113950.0,
        "trend": 1.156333,
        "fair_value": 1.453972,
        "relative_strength": -19.55471,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -35.09,
        "energy": 19.442687,
        "activity_lines": [
          1.138667,
          1.147455,
          1.145619,
          1.149978
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.11,
        "volume": 93900,
        "typical_volume": 116465.0,
        "trend": 1.154,
        "fair_value": 1.446657,
        "relative_strength": -20.605277,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -55.545661,
        "energy": 36.165989,
        "activity_lines": [
          1.125333,
          1.141091,
          1.142095,
          1.146989
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.14,
        "volume": 43000,
        "typical_volume": 117755.0,
        "trend": 1.152667,
        "fair_value": 1.440015,
        "relative_strength": -16.991296,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -48.555917,
        "energy": 36.227724,
        "activity_lines": [
          1.126667,
          1.140727,
          1.141571,
          1.146086
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.14,
        "volume": 87300,
        "typical_volume": 121785.0,
        "trend": 1.151333,
        "fair_value": 1.433013,
        "relative_strength": -15.941674,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.206313,
        "energy": 33.428432,
        "activity_lines": [
          1.131333,
          1.139091,
          1.141095,
          1.145269
        ]
      }
    ],
    "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."
    }
  }
}