{
  "ticker": {
    "uuid": "51a75e31-41a5-4986-8155-8ec6bef7daf3",
    "symbol": "AXTRART",
    "name": "Axtra Future City Freehold And Leasehold Real Estate Investment Trust",
    "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": 74.121,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 56.364,
    "architecture_energy": 52.835,
    "architecture_maturity": 50.534,
    "architecture_confidence": 73.582,
    "architecture_tenure": "Established",
    "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": 23.04,
        "rotation_up": 59.31,
        "upward_expansion": 84.34,
        "deceleration": 47.57,
        "rotation_down": 14.96,
        "downward_expansion": 11.01
      },
      "activity_lines": [
        13.1,
        13.014545,
        12.912164,
        12.826004
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 13.1,
    "trend_reference": 12.697846,
    "distance_from_trend": 0.031671,
    "trend_direction": "Improving",
    "fair_value": 11.396577,
    "distance_from_fair_value": 0.149468,
    "fair_value_direction": "Weakening",
    "relative_strength": -7.682551,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.04208,
    "excess_performance": -0.150245,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.031671,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.019562,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.149468,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.028317,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.076826,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.043675,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.04208,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.658984,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3323600,
      "relative_activity": 0.831316,
      "balance": 0.658984,
      "dry_up": 1.025131,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.025174,
      "annualized_volatility": 0.148924,
      "from_high_reference": -0.022388,
      "from_low_reference": 0.242527
    },
    "levels": {
      "trend_reference": 12.697846,
      "fair_value_reference": 11.396577,
      "structural_low": 11.79741,
      "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": 24,
        "median_return": 0.0,
        "positive_rate": 0.458333,
        "directional_follow_through": 0.458333,
        "median_excess_return": -0.005004,
        "regime_survival": 0.666667,
        "best_return": 0.073171,
        "worst_return": -0.08589,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.013302,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.067885,
        "regime_survival": 0.3,
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        "worst_return": -0.198226,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.043576,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.000784,
        "regime_survival": 0.166667,
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        "worst_return": -0.112492,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": -0.084575,
        "sufficient": false
      }
    ],
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        "color": "red",
        "start": "2024-06-21",
        "end": "2024-08-09",
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        "regime": "deceleration",
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        "regime": "downward_expansion",
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-04-24",
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      },
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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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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 4209825.0,
        "trend": 12.600122,
        "fair_value": 11.312005,
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        "stage": 3,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 4205915.0,
        "trend": 12.627425,
        "fair_value": 11.3295,
        "relative_strength": -8.702134,
        "stage": 3,
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        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.94866,
        "energy": 43.387429,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 5131600,
        "typical_volume": 4230940.0,
        "trend": 12.648061,
        "fair_value": 11.344675,
        "relative_strength": -10.829077,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 48.588607,
        "energy": 41.820729,
        "activity_lines": [
          12.94,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 13.1,
        "volume": 5420100,
        "typical_volume": 4165130.0,
        "trend": 12.66247,
        "fair_value": 11.36217,
        "relative_strength": -9.538412,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.725813,
        "energy": 55.377412,
        "activity_lines": [
          13.006667,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 13.2,
        "volume": 2518600,
        "typical_volume": 3979330.0,
        "trend": 12.67699,
        "fair_value": 11.379694,
        "relative_strength": -7.728732,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 64.553836,
        "energy": 60.053365,
        "activity_lines": [
          13.086667,
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          12.883288,
          12.798713
        ]
      },
      {
        "date": "2026-08-07",
        "close": 13.1,
        "volume": 3323600,
        "typical_volume": 3998000.0,
        "trend": 12.697846,
        "fair_value": 11.396577,
        "relative_strength": -7.682551,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.364112,
        "energy": 52.83483,
        "activity_lines": [
          13.1,
          13.014545,
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          12.826004
        ]
      }
    ],
    "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."
    }
  }
}