{
  "ticker": {
    "uuid": "6385afed-2278-4de6-bb79-f96f43f52c0d",
    "symbol": "APP",
    "name": "Applicad 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": 75.089,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 54.974,
    "architecture_energy": 49.915,
    "architecture_maturity": 11.722,
    "architecture_confidence": 75.996,
    "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": 23.92,
        "rotation_up": 58.94,
        "upward_expansion": 80.0,
        "deceleration": 52.18,
        "rotation_down": 13.47,
        "downward_expansion": 9.0
      },
      "activity_lines": [
        2.632,
        2.605091,
        2.571394,
        2.545511
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 2.62,
    "trend_reference": 2.503531,
    "distance_from_trend": 0.046522,
    "trend_direction": "Improving",
    "fair_value": 1.974853,
    "distance_from_fair_value": 0.326681,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.275025,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.089494,
    "excess_performance": -0.102831,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.046522,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.061061,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.326681,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.013971,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.03275,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.028111,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.089494,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.167458,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 936300,
      "relative_activity": 0.713105,
      "balance": 1.167458,
      "dry_up": 0.886869,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.045214,
      "annualized_volatility": 0.211729,
      "from_high_reference": -0.077465,
      "from_low_reference": 0.413107
    },
    "levels": {
      "trend_reference": 2.503531,
      "fair_value_reference": 1.974853,
      "structural_low": 2.276286,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 17,
        "median_return": -0.027027,
        "positive_rate": 0.411765,
        "directional_follow_through": 0.411765,
        "median_excess_return": -0.025003,
        "regime_survival": 0.588235,
        "best_return": 0.16,
        "worst_return": -0.183962,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.029794,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.044288,
        "regime_survival": 0.285714,
        "best_return": 0.216144,
        "worst_return": -0.258704,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.086892,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.067014,
        "regime_survival": 0.25,
        "best_return": 0.409364,
        "worst_return": -0.29165,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.056931,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.060655,
        "regime_survival": 0.333333,
        "best_return": 0.466193,
        "worst_return": -0.241818,
        "sufficient": false
      }
    ],
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        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2024-11-15",
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      {
        "regime": "balance",
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        "tenure": "Developing",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      {
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      {
        "regime": "deceleration",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 1472740.0,
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        "fair_value": 1.96661,
        "relative_strength": -3.340795,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 1372405.0,
        "trend": 2.48195,
        "fair_value": 1.969528,
        "relative_strength": -3.872458,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "energy": 65.313049,
        "activity_lines": [
          2.64,
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          2.559277,
          2.53109
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      },
      {
        "date": "2026-07-31",
        "close": 2.58,
        "volume": 1148500,
        "typical_volume": 1349860.0,
        "trend": 2.494521,
        "fair_value": 1.972011,
        "relative_strength": -5.921931,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.890291,
        "energy": 57.965635,
        "activity_lines": [
          2.632,
          2.596364,
          2.563804,
          2.537416
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.62,
        "volume": 936300,
        "typical_volume": 1312990.0,
        "trend": 2.503531,
        "fair_value": 1.974853,
        "relative_strength": -3.275025,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 54.973835,
        "energy": 49.915438,
        "activity_lines": [
          2.632,
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          2.571394,
          2.545511
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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."
    }
  }
}