{
  "ticker": {
    "uuid": "53a43bf0-d0f3-4edf-9a15-0898d920779c",
    "symbol": "KCM",
    "name": "K.C. Metalsheet 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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 40.502,
    "architecture_energy": 25.921,
    "architecture_maturity": 81.672,
    "architecture_confidence": 94.765,
    "architecture_tenure": "Developing",
    "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": 36.1,
        "rotation_up": 31.94,
        "upward_expansion": 62.76,
        "deceleration": 88.02,
        "rotation_down": 26.38,
        "downward_expansion": 15.1
      },
      "activity_lines": [
        0.268667,
        0.272545,
        0.257714,
        0.239484
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 0.26,
    "trend_reference": 0.216667,
    "distance_from_trend": 0.2,
    "trend_direction": "Improving",
    "fair_value": 0.274936,
    "distance_from_fair_value": -0.054325,
    "fair_value_direction": "Improving",
    "relative_strength": 8.050162,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.529412,
    "excess_performance": 0.337087,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.2,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.152482,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.054325,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.262962,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.080502,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.149621,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.529412,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 6.281383,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 905900,
      "relative_activity": 0.521934,
      "balance": 6.281383,
      "dry_up": 0.527134,
      "accumulation_observations": 3,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.150888,
      "annualized_volatility": 0.60277,
      "from_high_reference": -0.16129,
      "from_low_reference": 0.857143
    },
    "levels": {
      "trend_reference": 0.216667,
      "fair_value_reference": 0.274936,
      "structural_low": 0.14,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 4,
        "median_return": -0.033333,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.034375,
        "regime_survival": 0.75,
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        "worst_return": -0.086957,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
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        "regime_survival": 0.0,
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        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
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        "positive_rate": 0.0,
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        "worst_return": -0.26087,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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        "sufficient": false
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    ],
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        "return": -0.2,
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        "regime": "downward_expansion",
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      {
        "regime": "rotation_up",
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        "regime": "downward_expansion",
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        "date": "2026-05-01",
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        "date": "2026-05-08",
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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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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "modifier": "Early expansion",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 1700840.0,
        "trend": 0.202333,
        "fair_value": 0.279808,
        "relative_strength": 21.02686,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 68.362842,
        "energy": 68.294411,
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          0.282667,
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      },
      {
        "date": "2026-07-17",
        "close": 0.28,
        "volume": 1645900,
        "typical_volume": 1727260.0,
        "trend": 0.206333,
        "fair_value": 0.27859,
        "relative_strength": 15.157926,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 62.620637,
        "energy": 58.911135,
        "activity_lines": [
          0.284,
          0.274364,
          0.246857,
          0.228516
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.28,
        "volume": 489300,
        "typical_volume": 1718130.0,
        "trend": 0.210333,
        "fair_value": 0.277436,
        "relative_strength": 14.498065,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 60.005757,
        "energy": 46.600812,
        "activity_lines": [
          0.283333,
          0.276727,
          0.252238,
          0.233269
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.26,
        "volume": 618600,
        "typical_volume": 1730240.0,
        "trend": 0.213333,
        "fair_value": 0.276154,
        "relative_strength": 7.464204,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 54.701177,
        "energy": 36.909919,
        "activity_lines": [
          0.274667,
          0.274545,
          0.25519,
          0.236473
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.26,
        "volume": 905900,
        "typical_volume": 1735660.0,
        "trend": 0.216667,
        "fair_value": 0.274936,
        "relative_strength": 8.050162,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 40.501871,
        "energy": 25.92087,
        "activity_lines": [
          0.268667,
          0.272545,
          0.257714,
          0.239484
        ]
      }
    ],
    "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."
    }
  }
}