{
  "ticker": {
    "uuid": "69636303-0986-4b35-9ad1-ef9c4c8eef4d",
    "symbol": "RAM",
    "name": "Ramkhamhaeng Hospital 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": 60.073,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -59.508,
    "architecture_energy": 46.774,
    "architecture_maturity": 7.147,
    "architecture_confidence": 94.401,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 20.81,
        "rotation_up": 15.86,
        "upward_expansion": 7.98,
        "deceleration": 43.4,
        "rotation_down": 63.54,
        "downward_expansion": 85.98
      },
      "activity_lines": [
        17.906667,
        17.945455,
        18.07,
        18.12204
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -1.0
    },
    "latest_close": 17.9,
    "trend_reference": 18.160378,
    "distance_from_trend": -0.014338,
    "trend_direction": "Weakening",
    "fair_value": 24.03208,
    "distance_from_fair_value": -0.255162,
    "fair_value_direction": "Improving",
    "relative_strength": -14.99315,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.005675,
    "excess_performance": -0.198,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.014338,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.001135,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.255162,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.041105,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.149932,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.02238,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.005675,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.139415,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 223200,
      "relative_activity": 1.286085,
      "balance": 0.139415,
      "dry_up": 1.689571,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.015471,
      "annualized_volatility": 0.061097,
      "from_high_reference": -0.214092,
      "from_low_reference": 0.052473
    },
    "levels": {
      "trend_reference": 18.160378,
      "fair_value_reference": 24.03208,
      "structural_low": 17.604324,
      "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": 32,
        "median_return": -0.016327,
        "positive_rate": 0.21875,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.011102,
        "regime_survival": 0.9375,
        "best_return": 0.115607,
        "worst_return": -0.131707,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.056911,
        "positive_rate": 0.181818,
        "directional_follow_through": 0.727273,
        "median_excess_return": -0.014924,
        "regime_survival": 0.818182,
        "best_return": 0.233679,
        "worst_return": -0.205906,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.184063,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.06669,
        "regime_survival": 0.666667,
        "best_return": 0.310644,
        "worst_return": -0.243424,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.175576,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.23441,
        "regime_survival": 0.5,
        "best_return": 0.967694,
        "worst_return": -0.39525,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2021-12-03",
        "end": "2021-12-10",
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        "regime": "upward_expansion",
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        "tenure": "Developing",
        "return": 0.0,
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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      {
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        "end": "2022-07-08",
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        "return": 0.150754,
        "active": false
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        "regime": "upward_expansion",
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        "tenure": "Established",
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      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "return": -0.030361,
        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-05-12",
        "end": "2025-08-29",
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        "active": false
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        "typical_volume": 1372920.0,
        "trend": 18.240757,
        "fair_value": 26.809338,
        "relative_strength": -15.040296,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -19.16973,
        "energy": 8.244381,
        "activity_lines": [
          18.193586,
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      },
      {
        "date": "2026-04-17",
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        "trend": 18.260613,
        "fair_value": 26.597085,
        "relative_strength": -13.22733,
        "stage": 1,
        "regime": "balance",
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        "energy": 7.579901,
        "activity_lines": [
          18.200073,
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      },
      {
        "date": "2026-04-24",
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        "gate": "mixed",
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 261935.0,
        "trend": 18.21418,
        "fair_value": 26.186742,
        "relative_strength": -12.705797,
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        "energy": 12.157925,
        "activity_lines": [
          18.286667,
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      },
      {
        "date": "2026-05-08",
        "close": 18.299999,
        "volume": 106700,
        "typical_volume": 261910.0,
        "trend": 18.207531,
        "fair_value": 26.004198,
        "relative_strength": -12.755148,
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        "modifier": "Upper balance after advance",
        "gate": "up",
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        "energy": 23.549678,
        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 260660.0,
        "trend": 18.204216,
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        "relative_strength": -12.933647,
        "stage": 1,
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        "modifier": "Neutral compression",
        "gate": "up",
        "direction": 47.372385,
        "energy": 29.687937,
        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "volume": 129200,
        "typical_volume": 264295.0,
        "trend": 18.184324,
        "fair_value": 25.660279,
        "relative_strength": -13.666888,
        "stage": 1,
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        "modifier": "Neutral compression",
        "gate": "up",
        "direction": 47.902467,
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        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-29",
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        "volume": 130700,
        "typical_volume": 264365.0,
        "trend": 18.181009,
        "fair_value": 25.496735,
        "relative_strength": -14.805822,
        "stage": 1,
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        "modifier": "Neutral compression",
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        "direction": 48.959348,
        "energy": 28.370644,
        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
        "close": 18.299999,
        "volume": 19900,
        "typical_volume": 255950.0,
        "trend": 18.184306,
        "fair_value": 25.331019,
        "relative_strength": -15.536456,
        "stage": 1,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "up",
        "direction": 46.577823,
        "energy": 26.211475,
        "activity_lines": [
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          18.256185
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      },
      {
        "date": "2026-06-12",
        "close": 18.0,
        "volume": 125200,
        "typical_volume": 249205.0,
        "trend": 18.180919,
        "fair_value": 25.178678,
        "relative_strength": -16.901334,
        "stage": 1,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-19",
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        "volume": 138700,
        "typical_volume": 249325.0,
        "trend": 18.184144,
        "fair_value": 25.025697,
        "relative_strength": -15.764096,
        "stage": 1,
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        "modifier": "Neutral compression",
        "gate": "mixed",
        "direction": -19.386908,
        "energy": 23.029605,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
        "close": 18.1,
        "volume": 13600,
        "typical_volume": 236130.0,
        "trend": 18.190721,
        "fair_value": 24.884707,
        "relative_strength": -12.674473,
        "stage": 1,
        "regime": "balance",
        "modifier": "Neutral compression",
        "gate": "mixed",
        "direction": -10.276709,
        "energy": 26.152267,
        "activity_lines": [
          18.073333,
          18.183636,
          18.225315,
          18.220742
        ]
      },
      {
        "date": "2026-07-03",
        "close": 18.0,
        "volume": 115700,
        "typical_volume": 218300.0,
        "trend": 18.190649,
        "fair_value": 24.741546,
        "relative_strength": -16.402925,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -27.483841,
        "energy": 42.09001,
        "activity_lines": [
          18.026667,
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          18.20054,
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        ]
      },
      {
        "date": "2026-07-10",
        "close": 18.0,
        "volume": 363800,
        "typical_volume": 213175.0,
        "trend": 18.193892,
        "fair_value": 24.599914,
        "relative_strength": -16.464496,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.082461,
        "energy": 43.893048,
        "activity_lines": [
          18.006667,
          18.1,
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          18.196137
        ]
      },
      {
        "date": "2026-07-17",
        "close": 17.9,
        "volume": 355800,
        "typical_volume": 201140.0,
        "trend": 18.193802,
        "fair_value": 24.451523,
        "relative_strength": -17.425803,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -62.031346,
        "energy": 50.744287,
        "activity_lines": [
          17.973333,
          18.049091,
          18.147655,
          18.177176
        ]
      },
      {
        "date": "2026-07-24",
        "close": 17.9,
        "volume": 421100,
        "typical_volume": 194195.0,
        "trend": 18.187081,
        "fair_value": 24.30925,
        "relative_strength": -17.289099,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.074249,
        "energy": 51.087609,
        "activity_lines": [
          17.946667,
          18.005454,
          18.120494,
          18.158221
        ]
      },
      {
        "date": "2026-07-31",
        "close": 17.9,
        "volume": 172800,
        "typical_volume": 184545.0,
        "trend": 18.17373,
        "fair_value": 24.166978,
        "relative_strength": -15.933342,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.57722,
        "energy": 48.69723,
        "activity_lines": [
          17.92,
          17.970909,
          18.094767,
          18.1397
        ]
      },
      {
        "date": "2026-08-07",
        "close": 17.9,
        "volume": 223200,
        "typical_volume": 173550.0,
        "trend": 18.160378,
        "fair_value": 24.03208,
        "relative_strength": -14.99315,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -59.508003,
        "energy": 46.773654,
        "activity_lines": [
          17.906667,
          17.945455,
          18.07,
          18.12204
        ]
      }
    ],
    "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."
    }
  }
}