{
  "ticker": {
    "uuid": "7aa431e1-0cbd-4678-b85c-c045f8576c07",
    "symbol": "SSF",
    "name": "Surapon Foods 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": 48.612,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 65.471,
    "architecture_energy": 59.658,
    "architecture_maturity": 9.925,
    "architecture_confidence": 74.129,
    "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": 14.68,
        "rotation_up": 66.71,
        "upward_expansion": 89.75,
        "deceleration": 42.2,
        "rotation_down": 17.07,
        "downward_expansion": 11.75
      },
      "activity_lines": [
        5.126667,
        5.091818,
        5.072843,
        5.010506
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 5.15,
    "trend_reference": 4.909131,
    "distance_from_trend": 0.049066,
    "trend_direction": "Improving",
    "fair_value": 5.701089,
    "distance_from_fair_value": -0.096664,
    "fair_value_direction": "Improving",
    "relative_strength": -9.157816,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.128422,
    "excess_performance": -0.063903,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.049066,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.023961,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.096664,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.013135,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.091578,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.00228,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.128422,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.067768,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 69900,
      "relative_activity": 1.092273,
      "balance": 1.067768,
      "dry_up": 1.111024,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.022255,
      "annualized_volatility": 0.106489,
      "from_high_reference": -0.029953,
      "from_low_reference": 0.128422
    },
    "levels": {
      "trend_reference": 4.909131,
      "fair_value_reference": 5.701089,
      "structural_low": 4.563896,
      "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": 10,
        "median_return": -0.011229,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.011637,
        "regime_survival": 0.6,
        "best_return": 0.052632,
        "worst_return": -0.068881,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.026694,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.075236,
        "regime_survival": 0.6,
        "best_return": 0.119565,
        "worst_return": -0.131579,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.11579,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.180218,
        "regime_survival": 0.333333,
        "best_return": 0.089679,
        "worst_return": -0.120253,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.152079,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.090562,
        "regime_survival": 0.0,
        "best_return": -0.036494,
        "worst_return": -0.267664,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-11-17",
        "end": "2024-01-26",
        "tenure": "Developing",
        "return": 0.025478,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-03-08",
        "tenure": "Developing",
        "return": -0.025478,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2024-05-17",
        "tenure": "Developing",
        "return": 0.075936,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-06-28",
        "tenure": "Developing",
        "return": -0.025317,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-05",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": -0.045455,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-09",
        "end": "2024-09-06",
        "tenure": "Developing",
        "return": 0.013698,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-09-13",
        "end": "2025-05-30",
        "tenure": "Extended",
        "return": -0.166977,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-06",
        "end": "2025-10-03",
        "tenure": "Established",
        "return": -0.054054,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2026-03-20",
        "tenure": "Established",
        "return": -0.04717,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-27",
        "end": "2026-04-03",
        "tenure": "New",
        "return": 0.039216,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-05-01",
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        "return": 0.009346,
        "active": false
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      {
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      {
        "regime": "deceleration",
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      {
        "regime": "upward_expansion",
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        "active": true
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-08",
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        "date": "2026-05-15",
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        "date": "2026-05-22",
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      },
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        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 166270.0,
        "trend": 4.799478,
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "energy": 20.740491,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 30100,
        "typical_volume": 121875.0,
        "trend": 4.837673,
        "fair_value": 5.753409,
        "relative_strength": -13.337054,
        "stage": 1,
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        "modifier": "Recompressing",
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        "energy": 22.700188,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 5.05,
        "volume": 54400,
        "typical_volume": 98925.0,
        "trend": 4.847667,
        "fair_value": 5.742882,
        "relative_strength": -13.233803,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 39.687655,
        "energy": 24.798247,
        "activity_lines": [
          5.036667,
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      },
      {
        "date": "2026-07-17",
        "close": 5.1,
        "volume": 84400,
        "typical_volume": 79785.0,
        "trend": 4.862433,
        "fair_value": 5.73214,
        "relative_strength": -12.779799,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 58.50304,
        "energy": 34.44015,
        "activity_lines": [
          5.06,
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          5.033436,
          4.960839
        ]
      },
      {
        "date": "2026-07-24",
        "close": 5.1,
        "volume": 75700,
        "typical_volume": 72505.0,
        "trend": 4.875646,
        "fair_value": 5.721665,
        "relative_strength": -12.523561,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.523373,
        "energy": 38.15673,
        "activity_lines": [
          5.076667,
          5.059091,
          5.045438,
          4.976166
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      },
      {
        "date": "2026-07-31",
        "close": 5.15,
        "volume": 54400,
        "typical_volume": 66500.0,
        "trend": 4.892078,
        "fair_value": 5.711243,
        "relative_strength": -10.182701,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.896792,
        "energy": 49.685508,
        "activity_lines": [
          5.106667,
          5.075455,
          5.060314,
          4.993866
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.15,
        "volume": 69900,
        "typical_volume": 63995.0,
        "trend": 4.909131,
        "fair_value": 5.701089,
        "relative_strength": -9.157816,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.470512,
        "energy": 59.657916,
        "activity_lines": [
          5.126667,
          5.091818,
          5.072843,
          5.010506
        ]
      }
    ],
    "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."
    }
  }
}