{
  "ticker": {
    "uuid": "4f820fac-d336-47ab-b610-9bec14674a0d",
    "symbol": "UPOIC",
    "name": "United Palm Oil Industry 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": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 84.541,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Momentum cooling",
    "architecture_gate": "up",
    "architecture_direction": -11.835,
    "architecture_energy": 16.66,
    "architecture_maturity": 39.803,
    "architecture_confidence": 76.043,
    "architecture_tenure": "Established",
    "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": 46.74,
        "rotation_up": 20.58,
        "upward_expansion": 43.67,
        "deceleration": 72.31,
        "rotation_down": 36.35,
        "downward_expansion": 33.0
      },
      "activity_lines": [
        6.8,
        6.833636,
        6.865952,
        6.857063
      ],
      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 6.65,
    "trend_reference": 6.773957,
    "distance_from_trend": -0.018299,
    "trend_direction": "Improving",
    "fair_value": 6.033293,
    "distance_from_fair_value": 0.102217,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.625271,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.051829,
    "excess_performance": -0.140496,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.018299,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.035876,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.102217,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.064454,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.116253,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.050653,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.051829,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.73236,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 188800,
      "relative_activity": 2.406628,
      "balance": 0.73236,
      "dry_up": 1.170809,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.023713,
      "annualized_volatility": 0.236847,
      "from_high_reference": -0.189024,
      "from_low_reference": 0.156143
    },
    "levels": {
      "trend_reference": 6.773957,
      "fair_value_reference": 6.033293,
      "structural_low": 6.037102,
      "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": 12,
        "median_return": 0.003623,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.022234,
        "regime_survival": 0.666667,
        "best_return": 0.132743,
        "worst_return": -0.195122,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.023437,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.077371,
        "regime_survival": 0.2,
        "best_return": 0.214286,
        "worst_return": -0.195122,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.043437,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.059126,
        "regime_survival": 0.0,
        "best_return": 0.178572,
        "worst_return": -0.201219,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.06783,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.214211,
        "regime_survival": 0.333333,
        "best_return": 0.334459,
        "worst_return": -0.030534,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-03-22",
        "end": "2024-06-28",
        "tenure": "Established",
        "return": 0.04,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-05",
        "end": "2024-09-06",
        "tenure": "Developing",
        "return": 0.023437,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-09-13",
        "end": "2024-12-13",
        "tenure": "Established",
        "return": -0.061069,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-20",
        "end": "2025-01-03",
        "tenure": "New",
        "return": 0.089431,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-10",
        "end": "2025-01-24",
        "tenure": "New",
        "return": 0.015151,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.018176,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-04",
        "end": "2025-05-09",
        "tenure": "Developing",
        "return": 0.04,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-08-22",
        "tenure": "Established",
        "return": 0.007752,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-29",
        "end": "2025-11-21",
        "tenure": "Established",
        "return": 0.007937,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-28",
        "end": "2025-12-19",
        "tenure": "New",
        "return": 0.03937,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-26",
        "end": "2026-01-02",
        "tenure": "New",
        "return": 0.0,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-01-09",
        "end": "2026-01-23",
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        "return": -0.021898,
        "active": false
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      {
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      {
        "regime": "deceleration",
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        "end": "2026-08-07",
        "tenure": "Established",
        "return": -0.036232,
        "active": true
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        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 36.608189,
        "activity_lines": [
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          6.596395
        ]
      },
      {
        "date": "2026-05-01",
        "close": 6.8,
        "volume": 43100,
        "typical_volume": 254615.0,
        "trend": 6.440063,
        "fair_value": 5.904547,
        "relative_strength": -7.684894,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
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        "energy": 24.463942,
        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 257260.0,
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        "fair_value": 5.914262,
        "relative_strength": -6.559982,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "energy": 18.982942,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
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        "volume": 238500,
        "typical_volume": 266860.0,
        "trend": 6.499338,
        "fair_value": 5.924894,
        "relative_strength": -6.114693,
        "stage": 2,
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        "modifier": "Recompressing",
        "gate": "up",
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        "energy": 19.809867,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 270350.0,
        "trend": 6.516846,
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        "relative_strength": -9.701924,
        "stage": 3,
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        "modifier": "Recompressing",
        "gate": "up",
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        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
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        "typical_volume": 267280.0,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 266615.0,
        "trend": 6.571367,
        "fair_value": 5.953485,
        "relative_strength": -9.623714,
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        "modifier": "Recompressing",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 300,
        "typical_volume": 235625.0,
        "trend": 6.598464,
        "fair_value": 5.962603,
        "relative_strength": -10.989514,
        "stage": 3,
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        "modifier": "Recompressing",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "typical_volume": 235340.0,
        "trend": 6.625561,
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        "relative_strength": -9.394332,
        "stage": 3,
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        "energy": 15.444502,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 100,
        "typical_volume": 234710.0,
        "trend": 6.652657,
        "fair_value": 5.980839,
        "relative_strength": -7.06966,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.081704,
        "energy": 13.387855,
        "activity_lines": [
          6.87,
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          6.902136,
          6.807516
        ]
      },
      {
        "date": "2026-07-03",
        "close": 6.9,
        "volume": 4000,
        "typical_volume": 234290.0,
        "trend": 6.679836,
        "fair_value": 5.990001,
        "relative_strength": -9.948748,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 21.993861,
        "energy": 12.149356,
        "activity_lines": [
          6.873333,
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          6.907246,
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      },
      {
        "date": "2026-07-10",
        "close": 6.9,
        "volume": 57100,
        "typical_volume": 232780.0,
        "trend": 6.707015,
        "fair_value": 5.99944,
        "relative_strength": -10.061959,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 21.21531,
        "energy": 16.106296,
        "activity_lines": [
          6.88,
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          6.910284,
          6.837678
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      },
      {
        "date": "2026-07-17",
        "close": 6.85,
        "volume": 110500,
        "typical_volume": 228930.0,
        "trend": 6.726189,
        "fair_value": 6.008558,
        "relative_strength": -11.298265,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 18.921945,
        "energy": 11.638275,
        "activity_lines": [
          6.873333,
          6.879091,
          6.906035,
          6.846903
        ]
      },
      {
        "date": "2026-07-24",
        "close": 6.85,
        "volume": 53500,
        "typical_volume": 220700.0,
        "trend": 6.746947,
        "fair_value": 6.016571,
        "relative_strength": -11.276853,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 15.734876,
        "energy": 9.62928,
        "activity_lines": [
          6.866667,
          6.871818,
          6.899048,
          6.85489
        ]
      },
      {
        "date": "2026-07-31",
        "close": 6.9,
        "volume": 14600,
        "typical_volume": 189045.0,
        "trend": 6.769372,
        "fair_value": 6.024905,
        "relative_strength": -9.32772,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.040487,
        "energy": 12.80243,
        "activity_lines": [
          6.876667,
          6.876364,
          6.894762,
          6.864765
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.65,
        "volume": 188800,
        "typical_volume": 78450.0,
        "trend": 6.773957,
        "fair_value": 6.033293,
        "relative_strength": -11.625271,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": -11.834763,
        "energy": 16.659934,
        "activity_lines": [
          6.8,
          6.833636,
          6.865952,
          6.857063
        ]
      }
    ],
    "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."
    }
  }
}