{
  "ticker": {
    "uuid": "7025f858-6658-415e-8088-04bca489759f",
    "symbol": "TGH",
    "name": "Thai Group Holdings 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": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 84.872,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 65.11,
    "architecture_energy": 75.53,
    "architecture_maturity": 8.951,
    "architecture_confidence": 67.152,
    "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": 20.36,
        "rotation_up": 76.01,
        "upward_expansion": 93.25,
        "deceleration": 42.28,
        "rotation_down": 9.26,
        "downward_expansion": 17.59
      },
      "activity_lines": [
        11.806667,
        11.529091,
        11.195238,
        11.054512
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 11.6,
    "trend_reference": 10.923909,
    "distance_from_trend": 0.061891,
    "trend_direction": "Improving",
    "fair_value": 13.209732,
    "distance_from_fair_value": -0.12186,
    "fair_value_direction": "Improving",
    "relative_strength": -10.931321,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.06422,
    "excess_performance": -0.128105,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.061891,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.000705,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.12186,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.116762,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.109313,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.104378,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.06422,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.563107,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2400,
      "relative_activity": 0.738462,
      "balance": 1.563107,
      "dry_up": 1.215385,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.041777,
      "annualized_volatility": 0.30065,
      "from_high_reference": -0.041322,
      "from_low_reference": 0.272437
    },
    "levels": {
      "trend_reference": 10.923909,
      "fair_value_reference": 13.209732,
      "structural_low": 9.116363,
      "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": 1,
        "median_return": -0.155556,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.280027,
        "regime_survival": 0.0,
        "best_return": -0.155556,
        "worst_return": -0.155556,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.111111,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.292482,
        "regime_survival": 0.0,
        "best_return": -0.111111,
        "worst_return": -0.111111,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.148148,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.311514,
        "regime_survival": 0.0,
        "best_return": -0.148148,
        "worst_return": -0.148148,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.207611,
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        "directional_follow_through": 0.0,
        "median_excess_return": -0.632511,
        "regime_survival": 0.0,
        "best_return": -0.207611,
        "worst_return": -0.207611,
        "sufficient": false
      }
    ],
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        "color": "teal",
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        "end": "2023-03-03",
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        "return": -0.014778,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-05-24",
        "tenure": "Extended",
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      {
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        "active": false
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      {
        "regime": "downward_expansion",
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        "color": "red",
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        "end": "2024-10-25",
        "tenure": "Established",
        "return": -0.1,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-11-08",
        "tenure": "New",
        "return": -0.044444,
        "active": false
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        "regime": "downward_expansion",
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        "end": "2025-02-28",
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      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-06-20",
        "tenure": "Established",
        "return": 0.046875,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-07-18",
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        "regime": "balance",
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        "date": "2026-04-24",
        "close": 10.9,
        "volume": 0,
        "typical_volume": 5895.0,
        "trend": 11.104788,
        "fair_value": 13.896865,
        "relative_strength": -16.80219,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -26.137646,
        "energy": 17.749936,
        "activity_lines": [
          10.9,
          10.777487,
          10.805156,
          10.909376
        ]
      },
      {
        "date": "2026-05-01",
        "close": 11.1,
        "volume": 1600,
        "typical_volume": 5945.0,
        "trend": 11.078424,
        "fair_value": 13.848602,
        "relative_strength": -16.996027,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -4.70095,
        "energy": 11.182748,
        "activity_lines": [
          10.966667,
          10.848083,
          10.823731,
          10.909067
        ]
      },
      {
        "date": "2026-05-08",
        "close": 10.5,
        "volume": 7100,
        "typical_volume": 6300.0,
        "trend": 11.032061,
        "fair_value": 13.790775,
        "relative_strength": -21.369103,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -31.166929,
        "energy": 12.510326,
        "activity_lines": [
          10.82,
          10.804149,
          10.786099,
          10.87175
        ]
      },
      {
        "date": "2026-05-15",
        "close": 10.5,
        "volume": 11600,
        "typical_volume": 6560.0,
        "trend": 10.989,
        "fair_value": 13.740571,
        "relative_strength": -21.782717,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -41.347545,
        "energy": 20.779051,
        "activity_lines": [
          10.7,
          10.767488,
          10.75226,
          10.837423
        ]
      },
      {
        "date": "2026-05-22",
        "close": 10.7,
        "volume": 5100,
        "typical_volume": 6810.0,
        "trend": 10.952606,
        "fair_value": 13.691014,
        "relative_strength": -20.983466,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -32.808369,
        "energy": 18.771293,
        "activity_lines": [
          10.673333,
          10.754645,
          10.741732,
          10.818778
        ]
      },
      {
        "date": "2026-05-29",
        "close": 10.7,
        "volume": 9600,
        "typical_volume": 7285.0,
        "trend": 10.916212,
        "fair_value": 13.641457,
        "relative_strength": -21.98176,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -33.49262,
        "energy": 20.555171,
        "activity_lines": [
          10.66,
          10.743636,
          10.734515,
          10.802481
        ]
      },
      {
        "date": "2026-06-05",
        "close": 10.6,
        "volume": 800,
        "typical_volume": 7275.0,
        "trend": 10.886394,
        "fair_value": 13.590624,
        "relative_strength": -22.721445,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -45.791971,
        "energy": 30.433982,
        "activity_lines": [
          10.626667,
          10.707273,
          10.719671,
          10.78208
        ]
      },
      {
        "date": "2026-06-12",
        "close": 10.6,
        "volume": 0,
        "typical_volume": 7000.0,
        "trend": 10.856576,
        "fair_value": 13.53979,
        "relative_strength": -22.290805,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.334575,
        "energy": 26.108391,
        "activity_lines": [
          10.626667,
          10.676364,
          10.706255,
          10.763603
        ]
      },
      {
        "date": "2026-06-19",
        "close": 10.6,
        "volume": 2500,
        "typical_volume": 6480.0,
        "trend": 10.846576,
        "fair_value": 13.492133,
        "relative_strength": -20.287533,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.814691,
        "energy": 28.171634,
        "activity_lines": [
          10.62,
          10.650909,
          10.694268,
          10.74705
        ]
      },
      {
        "date": "2026-06-26",
        "close": 10.6,
        "volume": 0,
        "typical_volume": 5300.0,
        "trend": 10.833273,
        "fair_value": 13.445746,
        "relative_strength": -17.702057,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -49.830897,
        "energy": 34.484813,
        "activity_lines": [
          10.606667,
          10.630909,
          10.68371,
          10.731142
        ]
      },
      {
        "date": "2026-07-03",
        "close": 11.1,
        "volume": 0,
        "typical_volume": 3835.0,
        "trend": 10.836636,
        "fair_value": 13.401929,
        "relative_strength": -16.758724,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -9.77127,
        "energy": 7.427429,
        "activity_lines": [
          10.766667,
          10.707273,
          10.722199,
          10.74835
        ]
      },
      {
        "date": "2026-07-10",
        "close": 12.0,
        "volume": 4700,
        "typical_volume": 3570.0,
        "trend": 10.860091,
        "fair_value": 13.364516,
        "relative_strength": -10.019958,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 49.806389,
        "energy": 57.963384,
        "activity_lines": [
          11.2,
          10.943636,
          10.84545,
          10.823406
        ]
      },
      {
        "date": "2026-07-17",
        "close": 11.4,
        "volume": 4200,
        "typical_volume": 3405.0,
        "trend": 10.863545,
        "fair_value": 13.323258,
        "relative_strength": -14.837328,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 30.666492,
        "energy": 56.246151,
        "activity_lines": [
          11.34,
          11.054545,
          10.905848,
          10.858238
        ]
      },
      {
        "date": "2026-07-24",
        "close": 12.1,
        "volume": 6300,
        "typical_volume": 3455.0,
        "trend": 10.88703,
        "fair_value": 13.285851,
        "relative_strength": -9.455047,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 78.457426,
        "energy": 80.695853,
        "activity_lines": [
          11.66,
          11.276364,
          11.030532,
          10.93801
        ]
      },
      {
        "date": "2026-07-31",
        "close": 12.0,
        "volume": 2900,
        "typical_volume": 3340.0,
        "trend": 10.907182,
        "fair_value": 13.247803,
        "relative_strength": -8.799611,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.545064,
        "energy": 81.473952,
        "activity_lines": [
          11.846667,
          11.450909,
          11.134788,
          11.009814
        ]
      },
      {
        "date": "2026-08-07",
        "close": 11.6,
        "volume": 2400,
        "typical_volume": 3250.0,
        "trend": 10.923909,
        "fair_value": 13.209732,
        "relative_strength": -10.931321,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.109747,
        "energy": 75.529906,
        "activity_lines": [
          11.806667,
          11.529091,
          11.195238,
          11.054512
        ]
      }
    ],
    "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."
    }
  }
}