{
  "ticker": {
    "uuid": "6198d208-94c4-4451-a437-e62753dd6c4e",
    "symbol": "BANPU",
    "name": "Banpu 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": "2c",
    "phase_label": "Stage 2C \u00b7 Late 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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 98.205,
    "architecture_energy": 99.303,
    "architecture_maturity": 30.0,
    "architecture_confidence": 66.592,
    "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": 7.65,
        "rotation_up": 91.54,
        "upward_expansion": 99.98,
        "deceleration": 39.0,
        "rotation_down": 8.01,
        "downward_expansion": 21.98
      },
      "activity_lines": [
        12.98,
        11.252727,
        9.00933,
        8.03357
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 15.0,
    "trend_reference": 6.952872,
    "distance_from_trend": 1.157382,
    "trend_direction": "Improving",
    "fair_value": 5.421164,
    "distance_from_fair_value": 1.766934,
    "fair_value_direction": "Improving",
    "relative_strength": 123.181871,
    "relative_strength_direction": "Improving",
    "price_momentum": 1.920036,
    "excess_performance": 1.727711,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 1.157382,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.311231,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.766934,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 1.675934,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 1.231819,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 1.194819,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 1.920036,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.307172,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 60786200,
      "relative_activity": 0.39015,
      "balance": 0.307172,
      "dry_up": 0.105239,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.064359,
      "annualized_volatility": 1.135928,
      "from_high_reference": -0.019608,
      "from_low_reference": 2.650045
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    "levels": {
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      "fair_value_reference": 5.421164,
      "structural_low": 5.185385,
      "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": 22,
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        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "regime_survival": 0.681818,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.19403,
        "sufficient": true
      },
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-24",
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        "relative_strength": 83.059284,
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 182579315.0,
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        "fair_value": 5.375006,
        "relative_strength": 81.998521,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 70.061182,
        "energy": 89.519083,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 15.0,
        "volume": 60786200,
        "typical_volume": 155802000.0,
        "trend": 6.952872,
        "fair_value": 5.421164,
        "relative_strength": 123.181871,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "activity_lines": [
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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."
    }
  }
}