{
  "ticker": {
    "uuid": "530a84f4-ee60-4883-96e1-bb91978e20b9",
    "symbol": "BJC",
    "name": "Berli Jucker 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": 77.412,
    "architecture_energy": 82.795,
    "architecture_maturity": 13.657,
    "architecture_confidence": 61.192,
    "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": 14.07,
        "rotation_up": 83.3,
        "upward_expansion": 96.51,
        "deceleration": 39.05,
        "rotation_down": 8.53,
        "downward_expansion": 18.51
      },
      "activity_lines": [
        15.633334,
        15.209091,
        14.802886,
        14.65492
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 15.9,
    "trend_reference": 14.511044,
    "distance_from_trend": 0.095717,
    "trend_direction": "Weakening",
    "fair_value": 20.107649,
    "distance_from_fair_value": -0.209256,
    "fair_value_direction": "Improving",
    "relative_strength": -12.466736,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.087375,
    "excess_performance": -0.104951,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.095717,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.00392,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.209256,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.132204,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.124667,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.148063,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.087375,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.650556,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 43161800,
      "relative_activity": 1.856965,
      "balance": 1.650556,
      "dry_up": 2.043283,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.038703,
      "annualized_volatility": 0.27913,
      "from_high_reference": -0.226985,
      "from_low_reference": 0.274267
    },
    "levels": {
      "trend_reference": 14.511044,
      "fair_value_reference": 20.107649,
      "structural_low": 12.477762,
      "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": 10,
        "median_return": -0.026141,
        "positive_rate": 0.3,
        "directional_follow_through": 0.3,
        "median_excess_return": -0.004091,
        "regime_survival": 0.5,
        "best_return": 0.036777,
        "worst_return": -0.070513,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
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        "median_excess_return": -0.002092,
        "regime_survival": 0.0,
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        "worst_return": -0.096143,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.016807,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
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        "regime_survival": 0.0,
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        "worst_return": -0.093516,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.31921,
        "sufficient": false
      }
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      {
        "regime": "deceleration",
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      },
      {
        "date": "2026-04-10",
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      },
      {
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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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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      {
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -21.322369,
        "stage": 4,
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      },
      {
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        "stage": 4,
        "regime": "balance",
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      },
      {
        "date": "2026-07-17",
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        "volume": 44537000,
        "typical_volume": 23879675.0,
        "trend": 14.331543,
        "fair_value": 20.405168,
        "relative_strength": -21.862651,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
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        "energy": 56.016861,
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          14.713333,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 15.3,
        "volume": 44837000,
        "typical_volume": 22931960.0,
        "trend": 14.367128,
        "fair_value": 20.299393,
        "relative_strength": -18.605067,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 75.89846,
        "energy": 70.32617,
        "activity_lines": [
          14.94,
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          14.48736,
          14.442426
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      },
      {
        "date": "2026-07-31",
        "close": 16.200001,
        "volume": 57433900,
        "typical_volume": 23426595.0,
        "trend": 14.439212,
        "fair_value": 20.206667,
        "relative_strength": -12.137169,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 89.55702,
        "energy": 83.419411,
        "activity_lines": [
          15.4,
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          14.665254,
          14.560676
        ]
      },
      {
        "date": "2026-08-07",
        "close": 15.9,
        "volume": 43161800,
        "typical_volume": 23243190.0,
        "trend": 14.511044,
        "fair_value": 20.107649,
        "relative_strength": -12.466736,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.412058,
        "energy": 82.794974,
        "activity_lines": [
          15.633334,
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          14.65492
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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."
    }
  }
}