{
  "ticker": {
    "uuid": "74ce448d-b8a1-4ba7-ac32-e1c33acdec86",
    "symbol": "NVD",
    "name": "Nirvana Development 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": 96.0,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 25.417,
    "architecture_energy": 43.432,
    "architecture_maturity": 22.217,
    "architecture_confidence": 59.211,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 38.14,
        "rotation_up": 66.72,
        "upward_expansion": 51.79,
        "deceleration": 19.35,
        "rotation_down": 15.48,
        "downward_expansion": 22.12
      },
      "activity_lines": [
        0.826667,
        0.783273,
        0.723429,
        0.725376
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 0.83,
    "trend_reference": 0.736,
    "distance_from_trend": 0.127717,
    "trend_direction": "Weakening",
    "fair_value": 1.316581,
    "distance_from_fair_value": -0.369579,
    "fair_value_direction": "Improving",
    "relative_strength": -10.068668,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.024691,
    "excess_performance": -0.167634,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.127717,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.032004,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.369579,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.138649,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.100687,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.210619,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.024691,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.617544,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 553600,
      "relative_activity": 0.43536,
      "balance": 0.617544,
      "dry_up": 1.14695,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.136237,
      "annualized_volatility": 0.613887,
      "from_high_reference": -0.238532,
      "from_low_reference": 0.627451
    },
    "levels": {
      "trend_reference": 0.736,
      "fair_value_reference": 1.316581,
      "structural_low": 0.51,
      "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": 2,
        "median_return": -0.090061,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.093084,
        "regime_survival": 0.5,
        "best_return": -0.035294,
        "worst_return": -0.144828,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.082759,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.103689,
        "regime_survival": 0.0,
        "best_return": -0.082759,
        "worst_return": -0.082759,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.071627,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.0936,
        "regime_survival": 0.0,
        "best_return": -0.071627,
        "worst_return": -0.071627,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.204252,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.156911,
        "regime_survival": 0.0,
        "best_return": -0.204252,
        "worst_return": -0.204252,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2021-07-09",
        "end": "2021-08-13",
        "tenure": "Developing",
        "return": -0.016,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2021-08-20",
        "end": "2021-09-24",
        "tenure": "Developing",
        "return": 0.072,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2021-10-01",
        "end": "2021-10-08",
        "tenure": "New",
        "return": 0.148438,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2021-10-15",
        "end": "2021-11-05",
        "tenure": "New",
        "return": -0.103448,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2021-11-12",
        "end": "2022-05-20",
        "tenure": "Extended",
        "return": -0.005629,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2022-05-27",
        "end": "2023-03-17",
        "tenure": "Extended",
        "return": -0.053457,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-03-24",
        "end": "2023-04-28",
        "tenure": "Developing",
        "return": -0.170732,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2023-05-05",
        "end": "2023-07-28",
        "tenure": "Established",
        "return": -0.1,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-08-04",
        "end": "2023-12-22",
        "tenure": "Established",
        "return": -0.035176,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-12-29",
        "end": "2024-02-23",
        "tenure": "Developing",
        "return": -0.071066,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-03-01",
        "end": "2026-06-26",
        "tenure": "Extended",
        "return": -0.673357,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2026-07-03",
        "end": "2026-08-07",
        "tenure": "Developing",
        "return": -0.023529,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-08-18",
        "close": 1.992661,
        "volume": 2890400,
        "typical_volume": 4498105.0,
        "trend": 2.019679,
        "fair_value": 2.019313,
        "relative_strength": 5.259902,
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          2.013298
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      },
      {
        "date": "2023-08-25",
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      },
      {
        "date": "2023-09-01",
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      },
      {
        "date": "2023-09-08",
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      },
      {
        "date": "2023-09-15",
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      },
      {
        "date": "2023-09-22",
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      },
      {
        "date": "2023-09-29",
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      },
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        "date": "2023-12-01",
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        "date": "2023-12-22",
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        "date": "2026-04-24",
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        "date": "2026-05-15",
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        "date": "2026-05-22",
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 250360.0,
        "trend": 0.731667,
        "fair_value": 1.352897,
        "relative_strength": -12.187729,
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        "modifier": "Structural repair",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 998165.0,
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        "fair_value": 1.345699,
        "relative_strength": -11.729908,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 20.409926,
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      },
      {
        "date": "2026-07-17",
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        "volume": 4236800,
        "typical_volume": 1201665.0,
        "trend": 0.733333,
        "fair_value": 1.338246,
        "relative_strength": -13.803563,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 27.405037,
        "energy": 37.416564,
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          0.787333,
          0.703273,
          0.689524,
          0.708108
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.82,
        "volume": 588300,
        "typical_volume": 1227880.0,
        "trend": 0.734,
        "fair_value": 1.330982,
        "relative_strength": -14.246808,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 24.626145,
        "energy": 39.919038,
        "activity_lines": [
          0.816667,
          0.733273,
          0.700714,
          0.713699
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.82,
        "volume": 455100,
        "typical_volume": 1247605.0,
        "trend": 0.735,
        "fair_value": 1.323654,
        "relative_strength": -12.434411,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 24.859919,
        "energy": 49.807823,
        "activity_lines": [
          0.828,
          0.759818,
          0.711714,
          0.719247
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.83,
        "volume": 553600,
        "typical_volume": 1271590.0,
        "trend": 0.736,
        "fair_value": 1.316581,
        "relative_strength": -10.068668,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 25.416794,
        "energy": 43.432179,
        "activity_lines": [
          0.826667,
          0.783273,
          0.723429,
          0.725376
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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."
    }
  }
}