{
  "ticker": {
    "uuid": "82427532-9996-4202-8248-02e00a064989",
    "symbol": "PAP",
    "name": "Pacific Pipe 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 72.934,
    "architecture_energy": 59.171,
    "architecture_maturity": 15.03,
    "architecture_confidence": 83.857,
    "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": 30.03,
        "rotation_up": 64.48,
        "upward_expansion": 80.9,
        "deceleration": 52.92,
        "rotation_down": 13.55,
        "downward_expansion": 9.9
      },
      "activity_lines": [
        2.553333,
        2.496,
        2.482381,
        2.412057
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 2.66,
    "trend_reference": 2.287437,
    "distance_from_trend": 0.162874,
    "trend_direction": "Improving",
    "fair_value": 2.065444,
    "distance_from_fair_value": 0.287859,
    "fair_value_direction": "Improving",
    "relative_strength": 10.171663,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.414588,
    "excess_performance": 0.222263,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.162874,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.092685,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.287859,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.046974,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.101717,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.092627,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.414588,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.079998,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1267000,
      "relative_activity": 2.242974,
      "balance": 2.079998,
      "dry_up": 1.819031,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.05321,
      "annualized_volatility": 0.290198,
      "from_high_reference": -0.05,
      "from_low_reference": 0.611973
    },
    "levels": {
      "trend_reference": 2.287437,
      "fair_value_reference": 2.065444,
      "structural_low": 1.726904,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": -0.015748,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.039866,
        "regime_survival": 0.6,
        "best_return": 0.08547,
        "worst_return": -0.142132,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.049616,
        "positive_rate": 0.166667,
        "directional_follow_through": 0.166667,
        "median_excess_return": -0.092452,
        "regime_survival": 0.166667,
        "best_return": 0.139039,
        "worst_return": -0.172589,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.060639,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.086903,
        "regime_survival": 0.0,
        "best_return": 0.104868,
        "worst_return": -0.187817,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.249549,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.197318,
        "regime_survival": 0.0,
        "best_return": -0.138692,
        "worst_return": -0.360406,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2023-08-25",
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        "return": -0.04375,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-09-01",
        "end": "2024-09-20",
        "tenure": "Extended",
        "return": -0.381579,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-11-08",
        "tenure": "Developing",
        "return": -0.101695,
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      },
      {
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-13",
        "end": "2025-05-09",
        "tenure": "Established",
        "return": -0.109195,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-06-20",
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        "return": -0.23316,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "end": "2025-09-12",
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        "return": 0.197531,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-31",
        "tenure": "Developing",
        "return": -0.06,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-11-28",
        "tenure": "New",
        "return": 0.04712,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": -0.005076,
        "active": false
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      {
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      },
      {
        "regime": "upward_expansion",
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        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "return": 0.111111,
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        "active": true
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      },
      {
        "date": "2026-04-17",
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        "typical_volume": 447925.0,
        "trend": 1.973117,
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        "relative_strength": 12.606782,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 455315.0,
        "trend": 1.998054,
        "fair_value": 2.11465,
        "relative_strength": 9.726197,
        "stage": 2,
        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "typical_volume": 463590.0,
        "trend": 2.021428,
        "fair_value": 2.111396,
        "relative_strength": 19.434356,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "energy": 65.796961,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-05-15",
        "close": 2.56,
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        "typical_volume": 481415.0,
        "trend": 2.046959,
        "fair_value": 2.108619,
        "relative_strength": 15.137914,
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        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.157949,
        "energy": 59.435126,
        "activity_lines": [
          2.5,
          2.44,
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          2.164164
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 505960.0,
        "trend": 2.070865,
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        "relative_strength": 12.670959,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 65.545585,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 504715.0,
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        "activity_lines": [
          2.524,
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          2.222369
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      },
      {
        "date": "2026-06-05",
        "close": 2.5,
        "volume": 25000,
        "typical_volume": 502800.0,
        "trend": 2.115662,
        "fair_value": 2.097784,
        "relative_strength": 7.573599,
        "stage": 2,
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        "gate": "up",
        "direction": 60.240008,
        "energy": 50.629213,
        "activity_lines": [
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          2.2486
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      },
      {
        "date": "2026-06-12",
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        "volume": 61800,
        "typical_volume": 482570.0,
        "trend": 2.1369,
        "fair_value": 2.093751,
        "relative_strength": 5.003148,
        "stage": 2,
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        "modifier": "Established expansion",
        "gate": "up",
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        "activity_lines": [
          2.492,
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      },
      {
        "date": "2026-06-19",
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        "volume": 27000,
        "typical_volume": 475940.0,
        "trend": 2.156594,
        "fair_value": 2.090343,
        "relative_strength": 7.695793,
        "stage": 2,
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        "energy": 36.884459,
        "activity_lines": [
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      },
      {
        "date": "2026-06-26",
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        "volume": 19300,
        "typical_volume": 472900.0,
        "trend": 2.170635,
        "fair_value": 2.085909,
        "relative_strength": 2.6657,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 40.916315,
        "energy": 27.658069,
        "activity_lines": [
          2.437333,
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          2.412045,
          2.306074
        ]
      },
      {
        "date": "2026-07-03",
        "close": 2.4,
        "volume": 6300,
        "typical_volume": 467085.0,
        "trend": 2.187635,
        "fair_value": 2.082229,
        "relative_strength": 0.637207,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 36.167743,
        "energy": 21.602944,
        "activity_lines": [
          2.418667,
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          2.421074,
          2.320872
        ]
      },
      {
        "date": "2026-07-10",
        "close": 2.4,
        "volume": 161500,
        "typical_volume": 449745.0,
        "trend": 2.208152,
        "fair_value": 2.078302,
        "relative_strength": -0.055273,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 33.124386,
        "energy": 20.11775,
        "activity_lines": [
          2.405333,
          2.442909,
          2.427994,
          2.334573
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      },
      {
        "date": "2026-07-17",
        "close": 2.44,
        "volume": 109100,
        "typical_volume": 436800.0,
        "trend": 2.227445,
        "fair_value": 2.074633,
        "relative_strength": 0.409833,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 23.835147,
        "energy": 16.680691,
        "activity_lines": [
          2.412,
          2.435636,
          2.436524,
          2.349531
        ]
      },
      {
        "date": "2026-07-24",
        "close": 2.44,
        "volume": 322900,
        "typical_volume": 437050.0,
        "trend": 2.241621,
        "fair_value": 2.07084,
        "relative_strength": -0.062104,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 24.609117,
        "energy": 15.692333,
        "activity_lines": [
          2.42,
          2.431636,
          2.442571,
          2.363244
        ]
      },
      {
        "date": "2026-07-31",
        "close": 2.6,
        "volume": 2411100,
        "typical_volume": 530630.0,
        "trend": 2.26177,
        "fair_value": 2.068073,
        "relative_strength": 7.39631,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 56.060497,
        "energy": 34.099196,
        "activity_lines": [
          2.485333,
          2.458909,
          2.461238,
          2.386365
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.66,
        "volume": 1267000,
        "typical_volume": 564875.0,
        "trend": 2.287437,
        "fair_value": 2.065444,
        "relative_strength": 10.171663,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 72.934308,
        "energy": 59.170832,
        "activity_lines": [
          2.553333,
          2.496,
          2.482381,
          2.412057
        ]
      }
    ],
    "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."
    }
  }
}