{
  "ticker": {
    "uuid": "4e31aedc-656f-4b66-a764-ccd06a534b49",
    "symbol": "GLORY",
    "name": "Glory Forever 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": 80.579,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 18.51,
    "architecture_energy": 12.77,
    "architecture_maturity": 49.235,
    "architecture_confidence": 76.788,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 59.49,
        "rotation_up": 19.91,
        "upward_expansion": 46.26,
        "deceleration": 78.87,
        "rotation_down": 25.22,
        "downward_expansion": 24.26
      },
      "activity_lines": [
        1.060667,
        1.080545,
        1.101667,
        1.027204
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 1.03,
    "trend_reference": 0.911333,
    "distance_from_trend": 0.130212,
    "trend_direction": "Improving",
    "fair_value": 1.211474,
    "distance_from_fair_value": -0.149796,
    "fair_value_direction": "Weakening",
    "relative_strength": -0.886698,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.716667,
    "excess_performance": 0.524342,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.130212,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.147293,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.149796,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.089204,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.008867,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.322357,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.716667,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.272724,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 266800,
      "relative_activity": 0.083318,
      "balance": 1.272724,
      "dry_up": 0.066876,
      "accumulation_observations": 0,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.120986,
      "annualized_volatility": 1.022614,
      "from_high_reference": -0.335484,
      "from_low_reference": 0.980769
    },
    "levels": {
      "trend_reference": 0.911333,
      "fair_value_reference": 1.211474,
      "structural_low": 0.52,
      "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": 4,
        "median_return": -0.046029,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.06858,
        "regime_survival": 0.5,
        "best_return": -0.037383,
        "worst_return": -0.157143,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.26461,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.196036,
        "regime_survival": 0.0,
        "best_return": -0.25,
        "worst_return": -0.279221,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.421753,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.310211,
        "regime_survival": 0.0,
        "best_return": -0.421429,
        "worst_return": -0.422078,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.515584,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.402881,
        "regime_survival": 0.0,
        "best_return": -0.414286,
        "worst_return": -0.616883,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-07-28",
        "end": "2024-09-13",
        "tenure": "Extended",
        "return": -0.509868,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-09-20",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": -0.169697,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-11-01",
        "end": "2024-11-22",
        "tenure": "New",
        "return": -0.178571,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-11-29",
        "end": "2024-12-20",
        "tenure": "New",
        "return": -0.042373,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-27",
        "end": "2025-07-25",
        "tenure": "Extended",
        "return": -0.258929,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-01",
        "end": "2025-08-08",
        "tenure": "New",
        "return": 0.046296,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-08-22",
        "tenure": "New",
        "return": -0.029412,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-29",
        "end": "2025-10-24",
        "tenure": "Developing",
        "return": -0.030303,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-31",
        "end": "2025-11-07",
        "tenure": "New",
        "return": -0.036585,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-12-12",
        "tenure": "Developing",
        "return": -0.027397,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-19",
        "end": "2026-04-03",
        "tenure": "Established",
        "return": -0.307692,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "New",
        "return": 0.47191,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-06-05",
        "tenure": "Developing",
        "return": -0.139535,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.088496,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
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      },
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      },
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      },
      {
        "date": "2026-04-24",
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 3180735.0,
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        "fair_value": 1.257628,
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        "stage": 1,
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        "modifier": "Recompressing",
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      },
      {
        "date": "2026-07-17",
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        "volume": 235400,
        "typical_volume": 3186655.0,
        "trend": 0.883,
        "fair_value": 1.245,
        "relative_strength": -0.095687,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 35.461181,
        "energy": 21.334468,
        "activity_lines": [
          1.091333,
          1.104909,
          1.089524,
          0.994172
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      },
      {
        "date": "2026-07-24",
        "close": 1.09,
        "volume": 284700,
        "typical_volume": 3189500.0,
        "trend": 0.893,
        "fair_value": 1.2325,
        "relative_strength": 1.539287,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 32.818666,
        "energy": 18.356356,
        "activity_lines": [
          1.086667,
          1.102,
          1.098524,
          1.007527
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.07,
        "volume": 69700,
        "typical_volume": 3191680.0,
        "trend": 0.902,
        "fair_value": 1.220385,
        "relative_strength": 1.483256,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 22.564887,
        "energy": 13.817001,
        "activity_lines": [
          1.074667,
          1.094,
          1.103143,
          1.018946
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.03,
        "volume": 266800,
        "typical_volume": 3202205.0,
        "trend": 0.911333,
        "fair_value": 1.211474,
        "relative_strength": -0.886698,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.510495,
        "energy": 12.770168,
        "activity_lines": [
          1.060667,
          1.080545,
          1.101667,
          1.027204
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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."
    }
  }
}