{
  "ticker": {
    "uuid": "5bf2e168-5634-4d63-9bd8-1d8def948796",
    "symbol": "PPS",
    "name": "Project Planning Service 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": 71.514,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 32.293,
    "architecture_energy": 15.05,
    "architecture_maturity": 18.164,
    "architecture_confidence": 69.295,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 60.58,
        "rotation_up": 27.75,
        "upward_expansion": 57.7,
        "deceleration": 89.01,
        "rotation_down": 23.18,
        "downward_expansion": 12.37
      },
      "activity_lines": [
        0.18,
        0.182182,
        0.17781,
        0.176387
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 0.18,
    "trend_reference": 0.175667,
    "distance_from_trend": 0.024668,
    "trend_direction": "Weakening",
    "fair_value": 0.273526,
    "distance_from_fair_value": -0.341926,
    "fair_value_direction": "Improving",
    "relative_strength": -19.7983,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.058824,
    "excess_performance": -0.133502,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.024668,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.011257,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.341926,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.100814,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.197983,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.068363,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.058824,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.149864,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 746200,
      "relative_activity": 0.430125,
      "balance": 0.149864,
      "dry_up": 1.288689,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.094017,
      "annualized_volatility": 0.400192,
      "from_high_reference": -0.357143,
      "from_low_reference": 0.2
    },
    "levels": {
      "trend_reference": 0.175667,
      "fair_value_reference": 0.273526,
      "structural_low": 0.15,
      "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": 12,
        "median_return": -0.029741,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.166667,
        "median_excess_return": -0.025482,
        "regime_survival": 0.333333,
        "best_return": 0.444444,
        "worst_return": -0.116279,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.05,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.012243,
        "regime_survival": 0.285714,
        "best_return": 0.36207,
        "worst_return": -0.285714,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.111111,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.044771,
        "regime_survival": 0.0,
        "best_return": 0.586208,
        "worst_return": -0.271605,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.13371,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.250563,
        "regime_survival": 0.0,
        "best_return": 0.068967,
        "worst_return": -0.55,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-06-07",
        "tenure": "Developing",
        "return": -0.186047,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-06-14",
        "end": "2024-06-28",
        "tenure": "New",
        "return": 0.028571,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-05",
        "end": "2025-05-16",
        "tenure": "Extended",
        "return": -0.513514,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Developing",
        "return": 0.055556,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-18",
        "tenure": "New",
        "return": 0.083333,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-03",
        "tenure": "Developing",
        "return": -0.043478,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-11-21",
        "tenure": "Developing",
        "return": -0.090909,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "return": -0.105263,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2026-03-06",
        "tenure": "Developing",
        "return": 0.117647,
        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "return": -0.058824,
        "active": false
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      {
        "regime": "balance",
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        "return": 0.0,
        "active": false
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      {
        "regime": "upward_expansion",
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      {
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        "active": true
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    ],
    "chart_path": [
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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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      },
      {
        "date": "2026-06-26",
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-03",
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        "stage": 1,
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      },
      {
        "date": "2026-07-10",
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        "volume": 1494500,
        "typical_volume": 2372105.0,
        "trend": 0.175,
        "fair_value": 0.282821,
        "relative_strength": -23.763445,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.145169,
        "energy": 59.128467,
        "activity_lines": [
          0.186667,
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      },
      {
        "date": "2026-07-17",
        "close": 0.18,
        "volume": 3264200,
        "typical_volume": 2270120.0,
        "trend": 0.175,
        "fair_value": 0.280321,
        "relative_strength": -23.509486,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 53.197458,
        "energy": 38.984311,
        "activity_lines": [
          0.184,
          0.181273,
          0.175905,
          0.175484
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.18,
        "volume": 4011700,
        "typical_volume": 2219620.0,
        "trend": 0.175333,
        "fair_value": 0.277949,
        "relative_strength": -22.905845,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 47.786897,
        "energy": 23.908664,
        "activity_lines": [
          0.182,
          0.181818,
          0.176524,
          0.175806
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.18,
        "volume": 920600,
        "typical_volume": 1994555.0,
        "trend": 0.175667,
        "fair_value": 0.275705,
        "relative_strength": -21.114371,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 34.440744,
        "energy": 15.854688,
        "activity_lines": [
          0.180667,
          0.182182,
          0.17719,
          0.176108
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.18,
        "volume": 746200,
        "typical_volume": 1734845.0,
        "trend": 0.175667,
        "fair_value": 0.273526,
        "relative_strength": -19.7983,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 32.29273,
        "energy": 15.050378,
        "activity_lines": [
          0.18,
          0.182182,
          0.17781,
          0.176387
        ]
      }
    ],
    "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."
    }
  }
}