{
  "ticker": {
    "uuid": "68ab58e5-1f1f-4a55-be13-7672c766be33",
    "symbol": "KIAT",
    "name": "Kiattana Transport 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 94.975,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 38.828,
    "architecture_energy": 19.133,
    "architecture_maturity": 37.0,
    "architecture_confidence": 81.179,
    "architecture_tenure": "New",
    "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": 43.99,
        "rotation_up": 27.33,
        "upward_expansion": 53.72,
        "deceleration": 89.97,
        "rotation_down": 25.91,
        "downward_expansion": 17.39
      },
      "activity_lines": [
        0.334,
        0.336,
        0.331048,
        0.3286
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.166667
    },
    "latest_close": 0.34,
    "trend_reference": 0.326429,
    "distance_from_trend": 0.041576,
    "trend_direction": "Improving",
    "fair_value": 0.314458,
    "distance_from_fair_value": 0.081226,
    "fair_value_direction": "Improving",
    "relative_strength": -5.878211,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.060607,
    "excess_performance": -0.131718,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.041576,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.0423,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.081226,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.103937,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.058782,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.048407,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.060607,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 12.302222,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 7728000,
      "relative_activity": 2.704249,
      "balance": 12.302222,
      "dry_up": 1.359499,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.049774,
      "annualized_volatility": 0.197052,
      "from_high_reference": -0.028571,
      "from_low_reference": 0.25
    },
    "levels": {
      "trend_reference": 0.326429,
      "fair_value_reference": 0.314458,
      "structural_low": 0.3,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": 0.0,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.006267,
        "regime_survival": 0.6,
        "best_return": 0.064516,
        "worst_return": -0.043479,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.026223,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.004314,
        "regime_survival": 0.0,
        "best_return": 0.096774,
        "worst_return": -0.044329,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.044329,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.016094,
        "regime_survival": 0.0,
        "best_return": -0.044329,
        "worst_return": -0.044329,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.133227,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.015795,
        "regime_survival": 0.0,
        "best_return": -0.133227,
        "worst_return": -0.133227,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-10-27",
        "end": "2024-01-26",
        "tenure": "Established",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-02-02",
        "end": "2024-04-26",
        "tenure": "Established",
        "return": -0.053256,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-05-03",
        "end": "2024-05-10",
        "tenure": "New",
        "return": 0.083334,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-05-17",
        "end": "2024-05-24",
        "tenure": "New",
        "return": -0.024389,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-31",
        "end": "2024-06-21",
        "tenure": "New",
        "return": -0.073168,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-28",
        "end": "2024-08-09",
        "tenure": "Developing",
        "return": -0.131581,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-16",
        "end": "2025-04-11",
        "tenure": "Extended",
        "return": -0.090613,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-18",
        "end": "2025-09-05",
        "tenure": "Established",
        "return": 0.068967,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.064518,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-07",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": 0.103449,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-03-27",
        "tenure": "Established",
        "return": -0.032976,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-06-05",
        "tenure": "Developing",
        "return": 0.096774,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-07-24",
        "tenure": "Developing",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.030303,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "stage": 3,
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        "modifier": "Re-accelerating",
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        "direction": 53.590335,
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      },
      {
        "date": "2026-07-24",
        "close": 0.33,
        "volume": 2962300,
        "typical_volume": 2857190.0,
        "trend": 0.325467,
        "fair_value": 0.314843,
        "relative_strength": -10.648577,
        "stage": 3,
        "regime": "upward_expansion",
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        "direction": 39.034322,
        "energy": 21.787104,
        "activity_lines": [
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          0.329,
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      },
      {
        "date": "2026-07-31",
        "close": 0.33,
        "volume": 3435700,
        "typical_volume": 2623740.0,
        "trend": 0.325781,
        "fair_value": 0.314592,
        "relative_strength": -9.421223,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.141075,
        "energy": 18.041546,
        "activity_lines": [
          0.332,
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          0.329524,
          0.327682
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.34,
        "volume": 7728000,
        "typical_volume": 2857725.0,
        "trend": 0.326429,
        "fair_value": 0.314458,
        "relative_strength": -5.878211,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.827624,
        "energy": 19.132511,
        "activity_lines": [
          0.334,
          0.336,
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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."
    }
  }
}