{ "ticker": { "uuid": "81852bc0-aa91-46d0-a412-f47e8874edc5", "symbol": "MADAME", "name": "Madame Bioscience 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": 59.353, "architecture_energy": 85.1, "architecture_maturity": 28.0, "architecture_confidence": 66.532, "architecture_tenure": "New", "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": 14.28, "rotation_up": 78.58, "upward_expansion": 67.2, "deceleration": 23.7, "rotation_down": 18.67, "downward_expansion": 30.2 }, "activity_lines": [ 0.756, 0.659273, 0.596667, 0.586989 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 0.83, "trend_reference": 0.589667, "distance_from_trend": 0.407575, "trend_direction": "Weakening", "fair_value": 1.114679, "distance_from_fair_value": -0.255391, "fair_value_direction": "Improving", "relative_strength": -2.109956, "relative_strength_direction": "Improving", "price_momentum": 0.383333, "excess_performance": 0.191008, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.407575, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.088144, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.255391, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.311654, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.0211, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.407546, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.383333, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 4.90707, "read": "Demand-led" } ], "volume": { "latest": 3667200, "relative_activity": 1.846814, "balance": 4.90707, "dry_up": 2.502304, "accumulation_observations": 5, "distribution_observations": 0 }, "risk": { "range_context": 0.086191, "annualized_volatility": 0.482572, "from_high_reference": -0.308333, "from_low_reference": 1.02439 }, "levels": { "trend_reference": 0.589667, "fair_value_reference": 1.114679, "structural_low": 0.41, "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": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-02-04", "end": "2022-02-18", "tenure": "New", "return": -0.114035, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2022-02-25", "end": "2022-06-24", "tenure": "Established", "return": -0.039604, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2022-07-01", "end": "2022-09-09", "tenure": "Developing", "return": -0.052632, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2022-09-16", "end": "2023-08-25", "tenure": "Extended", "return": -0.75, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2023-09-01", "end": "2023-12-22", "tenure": "Established", "return": -0.229167, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2023-12-29", "end": "2024-05-24", "tenure": "Established", "return": -0.189189, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2024-05-31", "end": "2024-08-02", "tenure": "Developing", "return": -0.172414, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2024-08-09", "end": "2025-05-30", "tenure": "Extended", "return": -0.304348, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-08-01", "tenure": "Developing", "return": 0.266667, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-08", "end": "2025-10-10", "tenure": "Developing", "return": -0.05, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2025-11-21", "tenure": "Developing", "return": -0.157895, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2025-11-28", "end": "2025-12-12", "tenure": "New", "return": -0.176471, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-07-10", "tenure": "Extended", "return": -0.285714, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-07-17", "end": "2026-08-07", "tenure": "New", "return": 0.296875, "active": true } ], "chart_path": [ { "date": "2023-08-18", "close": 2.2, "volume": 2591600, "typical_volume": 4742986.0, "trend": 2.405, "fair_value": 8.060375, "relative_strength": -43.360463, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.445246, "energy": 19.641734, "activity_lines": [ 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0.495273, 0.51919, 0.542968 ] }, { "date": "2026-07-17", "close": 0.64, "volume": 6431900, "typical_volume": 1552415.0, "trend": 0.579, "fair_value": 1.141154, "relative_strength": -28.228328, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -1.074328, "energy": 9.845998, "activity_lines": [ 0.541333, 0.520727, 0.528762, 0.546774 ] }, { "date": "2026-07-24", "close": 0.75, "volume": 7217200, "typical_volume": 1829345.0, "trend": 0.582333, "fair_value": 1.1325, "relative_strength": -14.908711, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 47.299583, "energy": 46.295508, "activity_lines": [ 0.617333, 0.564364, 0.548571, 0.557806 ] }, { "date": "2026-07-31", "close": 0.79, "volume": 2558900, "typical_volume": 1939505.0, "trend": 0.585333, "fair_value": 1.123782, "relative_strength": -8.393704, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 60.688971, "energy": 76.827813, "activity_lines": [ 0.69, 0.610909, 0.571286, 0.571204 ] }, { "date": "2026-08-07", "close": 0.83, "volume": 3667200, "typical_volume": 1985690.0, "trend": 0.589667, "fair_value": 1.114679, "relative_strength": -2.109956, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 59.35317, "energy": 85.100051, "activity_lines": [ 0.756, 0.659273, 0.596667, 0.586989 ] } ], "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." } } }