{
  "ticker": {
    "uuid": "80a74398-6737-4b82-9a77-96440f74c51d",
    "symbol": "RJH",
    "name": "Rajthanee 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": "1c",
    "phase_label": "Stage 1C \u00b7 Breakout watch",
    "transition": "stage_1_to_2_watch",
    "transition_label": "Stage 1 \u2192 2 watch",
    "confidence": 73.813,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 88.997,
    "architecture_energy": 95.624,
    "architecture_maturity": 34.991,
    "architecture_confidence": 71.052,
    "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": 0.35,
        "rotation_up": 88.83,
        "upward_expansion": 99.97,
        "deceleration": 39.01,
        "rotation_down": 8.16,
        "downward_expansion": 21.97
      },
      "activity_lines": [
        15.213333,
        14.674545,
        13.97,
        13.604982
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 15.7,
    "trend_reference": 13.222354,
    "distance_from_trend": 0.187383,
    "trend_direction": "Improving",
    "fair_value": 17.888922,
    "distance_from_fair_value": -0.122362,
    "fair_value_direction": "Improving",
    "relative_strength": 5.46423,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.260233,
    "excess_performance": 0.067908,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.187383,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.065661,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.122362,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.175501,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.054642,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.141194,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.260233,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.111821,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 972600,
      "relative_activity": 0.880014,
      "balance": 1.111821,
      "dry_up": 1.00162,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.033807,
      "annualized_volatility": 0.225483,
      "from_high_reference": -0.006329,
      "from_low_reference": 0.453241
    },
    "levels": {
      "trend_reference": 13.222354,
      "fair_value_reference": 17.888922,
      "structural_low": 11.9,
      "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": 12,
        "median_return": -0.014084,
        "positive_rate": 0.416667,
        "directional_follow_through": 0.416667,
        "median_excess_return": 0.010375,
        "regime_survival": 0.666667,
        "best_return": 0.144928,
        "worst_return": -0.119497,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.026915,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.083174,
        "regime_survival": 0.2,
        "best_return": 0.087297,
        "worst_return": -0.170068,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.018916,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.021144,
        "regime_survival": 0.5,
        "best_return": 0.115767,
        "worst_return": -0.124738,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.14101,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.126548,
        "regime_survival": 0.333333,
        "best_return": 0.1742,
        "worst_return": -0.17666,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-31",
        "end": "2024-06-07",
        "tenure": "New",
        "return": -0.009901,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-06-14",
        "end": "2024-09-13",
        "tenure": "Established",
        "return": -0.068326,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-09-20",
        "end": "2024-09-27",
        "tenure": "New",
        "return": 0.00431,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-10-18",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-12-13",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-08-08",
        "tenure": "Extended",
        "return": -0.301899,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-09-05",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-09-19",
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        "return": 0.0,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-11-07",
        "tenure": "Developing",
        "return": -0.075188,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-12-19",
        "tenure": "Developing",
        "return": -0.008403,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-12-26",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": 0.065574,
        "active": false
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      {
        "regime": "rotation_up",
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        "color": "teal",
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        "return": 0.00337,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "return": 0.056911,
        "active": false
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      {
        "regime": "upward_expansion",
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        "active": true
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        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
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      },
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        "date": "2026-04-24",
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      },
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        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
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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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        "relative_strength": -12.380125,
        "stage": 1,
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      },
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        "date": "2026-06-12",
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": -7.682461,
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        "energy": 68.248564,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "trend": 12.721005,
        "fair_value": 18.199802,
        "relative_strength": -6.666813,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "trend": 12.801514,
        "fair_value": 18.131681,
        "relative_strength": -8.100187,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.396449,
        "energy": 78.010605,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 15.1,
        "volume": 1973300,
        "typical_volume": 1227305.0,
        "trend": 12.922023,
        "fair_value": 18.071252,
        "relative_strength": -0.977834,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 91.823134,
        "energy": 89.884094,
        "activity_lines": [
          14.253333,
          13.852727,
          13.36307,
          13.170714
        ]
      },
      {
        "date": "2026-07-24",
        "close": 14.8,
        "volume": 907100,
        "typical_volume": 1191050.0,
        "trend": 13.019555,
        "fair_value": 18.010317,
        "relative_strength": -2.868167,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.249527,
        "energy": 89.856027,
        "activity_lines": [
          14.513333,
          14.078182,
          13.530952,
          13.291874
        ]
      },
      {
        "date": "2026-07-31",
        "close": 15.3,
        "volume": 575000,
        "typical_volume": 1164585.0,
        "trend": 13.127265,
        "fair_value": 17.95117,
        "relative_strength": 1.862073,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.51802,
        "energy": 93.450729,
        "activity_lines": [
          14.86,
          14.361818,
          13.737619,
          13.438999
        ]
      },
      {
        "date": "2026-08-07",
        "close": 15.7,
        "volume": 972600,
        "typical_volume": 1105210.0,
        "trend": 13.222354,
        "fair_value": 17.888922,
        "relative_strength": 5.46423,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.996919,
        "energy": 95.623778,
        "activity_lines": [
          15.213333,
          14.674545,
          13.97,
          13.604982
        ]
      }
    ],
    "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."
    }
  }
}