{
  "ticker": {
    "uuid": "5be12fa5-9f0a-4707-af49-baeffd97094f",
    "symbol": "CHOW",
    "name": "Chow Bright Ventures Holdings Public Company",
    "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": "1a",
    "phase_label": "Stage 1A \u00b7 Bottoming",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 49.203,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 9.369,
    "architecture_energy": 5.147,
    "architecture_maturity": 26.176,
    "architecture_confidence": 63.928,
    "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": 59.64,
        "rotation_up": 28.29,
        "upward_expansion": 48.55,
        "deceleration": 73.98,
        "rotation_down": 27.6,
        "downward_expansion": 28.89
      },
      "activity_lines": [
        1.351333,
        1.352182,
        1.366476,
        1.351548
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 1.33,
    "trend_reference": 1.317333,
    "distance_from_trend": 0.009615,
    "trend_direction": "Improving",
    "fair_value": 1.650769,
    "distance_from_fair_value": -0.194315,
    "fair_value_direction": "Weakening",
    "relative_strength": -9.059948,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.0,
    "excess_performance": -0.192325,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.009615,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.071003,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.194315,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.094664,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.090599,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.190331,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.0,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.742492,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 585500,
      "relative_activity": 0.309852,
      "balance": 0.742492,
      "dry_up": 0.386006,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.069983,
      "annualized_volatility": 0.309698,
      "from_high_reference": -0.203593,
      "from_low_reference": 0.414894
    },
    "levels": {
      "trend_reference": 1.317333,
      "fair_value_reference": 1.650769,
      "structural_low": 1.18,
      "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": 8,
        "median_return": -0.005263,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.027798,
        "regime_survival": 0.375,
        "best_return": 0.050847,
        "worst_return": -0.139423,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.065026,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.117255,
        "regime_survival": 0.25,
        "best_return": 0.108108,
        "worst_return": -0.151079,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.179856,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.223214,
        "regime_survival": 0.333333,
        "best_return": 0.234234,
        "worst_return": -0.278846,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.522084,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.454494,
        "regime_survival": 0.0,
        "best_return": -0.418269,
        "worst_return": -0.625899,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-31",
        "end": "2024-06-14",
        "tenure": "New",
        "return": -0.139073,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-06-21",
        "end": "2024-08-16",
        "tenure": "Developing",
        "return": -0.070866,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-23",
        "end": "2024-09-06",
        "tenure": "New",
        "return": 0.098361,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-13",
        "end": "2024-11-15",
        "tenure": "Developing",
        "return": -0.080645,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-07-18",
        "tenure": "Extended",
        "return": -0.238532,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-25",
        "end": "2025-09-05",
        "tenure": "Developing",
        "return": -0.075342,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-12",
        "end": "2025-11-07",
        "tenure": "Developing",
        "return": -0.143939,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-11-14",
        "end": "2025-12-12",
        "tenure": "Developing",
        "return": 0.096154,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-12-19",
        "end": "2025-12-19",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-26",
        "end": "2026-02-13",
        "tenure": "Developing",
        "return": 0.192661,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-02-20",
        "end": "2026-03-20",
        "tenure": "Developing",
        "return": -0.046512,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-27",
        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.080645,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-17",
        "end": "2026-06-12",
        "tenure": "Developing",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-19",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.029197,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 1.51,
        "volume": 249500,
        "typical_volume": 2350450.0,
        "trend": 2.518,
        "fair_value": 3.359167,
        "relative_strength": -45.068754,
        "stage": 4,
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        "modifier": "Established contraction",
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        "direction": -68.518106,
        "energy": 88.617067,
        "activity_lines": [
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      },
      {
        "date": "2023-08-25",
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      },
      {
        "date": "2023-09-01",
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      },
      {
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      },
      {
        "date": "2023-09-15",
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      },
      {
        "date": "2023-09-22",
        "close": 1.55,
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      },
      {
        "date": "2023-09-29",
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      },
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        "volume": 688500,
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      },
      {
        "date": "2023-10-13",
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      },
      {
        "date": "2023-10-20",
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      },
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        "date": "2023-10-27",
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      },
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      },
      {
        "date": "2024-01-05",
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        "modifier": "Balance after decline",
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      {
        "date": "2024-01-12",
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      },
      {
        "date": "2024-01-19",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 1906565.0,
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        "fair_value": 1.653974,
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        "modifier": "Recompressing",
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        "direction": 20.258889,
        "energy": 10.042247,
        "activity_lines": [
          1.36,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.36,
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        "typical_volume": 1912350.0,
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        "fair_value": 1.652885,
        "relative_strength": -9.841404,
        "stage": 1,
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        "direction": 28.869009,
        "energy": 12.022949,
        "activity_lines": [
          1.361333,
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      },
      {
        "date": "2026-07-31",
        "close": 1.35,
        "volume": 196600,
        "typical_volume": 1891815.0,
        "trend": 1.309667,
        "fair_value": 1.651859,
        "relative_strength": -8.885785,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.240762,
        "energy": 14.274197,
        "activity_lines": [
          1.36,
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          1.350237
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.33,
        "volume": 585500,
        "typical_volume": 1889610.0,
        "trend": 1.317333,
        "fair_value": 1.650769,
        "relative_strength": -9.059948,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 9.368902,
        "energy": 5.147071,
        "activity_lines": [
          1.351333,
          1.352182,
          1.366476,
          1.351548
        ]
      }
    ],
    "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."
    }
  }
}