{ "ticker": { "uuid": "784833bf-c999-4d45-916d-f9ee68a2e871", "symbol": "NL", "name": "NL 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": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 28.732, "architecture_energy": 18.847, "architecture_maturity": 56.777, "architecture_confidence": 76.875, "architecture_tenure": "Developing", "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": 53.25, "rotation_up": 22.96, "upward_expansion": 53.96, "deceleration": 90.71, "rotation_down": 32.81, "downward_expansion": 19.96 }, "activity_lines": [ 0.672667, 0.683273, 0.674905, 0.664409 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 0.67, "trend_reference": 0.649667, "distance_from_trend": 0.031298, "trend_direction": "Weakening", "fair_value": 1.080766, "distance_from_fair_value": -0.380069, "fair_value_direction": "Improving", "relative_strength": -16.73718, "relative_strength_direction": "Improving", "price_momentum": 0.155172, "excess_performance": -0.037153, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.031298, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.005105, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.380069, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.051472, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.167372, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.096039, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.155172, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.065783, "read": "Demand-led" } ], "volume": { "latest": 372800, "relative_activity": 0.769691, "balance": 2.065783, "dry_up": 0.983638, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.058553, "annualized_volatility": 0.270781, "from_high_reference": -0.309278, "from_low_reference": 0.240741 }, "levels": { "trend_reference": 0.649667, "fair_value_reference": 1.080766, "structural_low": 0.56, 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"typical_volume": 607635.0, "trend": 0.650333, "fair_value": 1.090625, "relative_strength": -17.013246, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 59.131556, "energy": 52.960828, "activity_lines": [ 0.702, 0.693273, 0.67319, 0.66114 ] }, { "date": "2026-07-24", "close": 0.68, "volume": 1026200, "typical_volume": 604425.0, "trend": 0.65, "fair_value": 1.087392, "relative_strength": -18.748587, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 53.950616, "energy": 35.444713, "activity_lines": [ 0.694667, 0.692909, 0.675333, 0.663054 ] }, { "date": "2026-07-31", "close": 0.65, "volume": 146400, "typical_volume": 506300.0, "trend": 0.649, "fair_value": 1.083975, "relative_strength": -20.562986, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 26.423448, "energy": 14.738131, "activity_lines": [ 0.678667, 0.686364, 0.67419, 0.663054 ] }, { "date": "2026-08-07", "close": 0.67, "volume": 372800, "typical_volume": 484350.0, "trend": 0.649667, "fair_value": 1.080766, "relative_strength": -16.73718, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 28.732199, "energy": 18.846971, "activity_lines": [ 0.672667, 0.683273, 0.674905, 0.664409 ] } ], "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." } } }