{
  "ticker": {
    "uuid": "8588219f-b321-4c4a-ae5a-7e6fd18484a8",
    "symbol": "KBS",
    "name": "Khonburi Sugar 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": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 65.665,
    "architecture_energy": 70.694,
    "architecture_maturity": 18.27,
    "architecture_confidence": 69.774,
    "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": 5.06,
        "rotation_up": 73.73,
        "upward_expansion": 90.76,
        "deceleration": 45.42,
        "rotation_down": 11.83,
        "downward_expansion": 15.1
      },
      "activity_lines": [
        6.026667,
        5.962727,
        5.827143,
        5.766973
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 6.0,
    "trend_reference": 5.695978,
    "distance_from_trend": 0.053375,
    "trend_direction": "Improving",
    "fair_value": 4.86249,
    "distance_from_fair_value": 0.233936,
    "fair_value_direction": "Improving",
    "relative_strength": -4.782459,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.063502,
    "excess_performance": -0.128823,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.053375,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.052641,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.233936,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.103257,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.047825,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.058699,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.063502,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.416933,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 737500,
      "relative_activity": 0.79626,
      "balance": 1.416933,
      "dry_up": 0.862066,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.025641,
      "annualized_volatility": 0.157666,
      "from_high_reference": -0.02439,
      "from_low_reference": 0.295156
    },
    "levels": {
      "trend_reference": 5.695978,
      "fair_value_reference": 4.86249,
      "structural_low": 5.3,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 25,
        "median_return": 0.014085,
        "positive_rate": 0.56,
        "directional_follow_through": 0.56,
        "median_excess_return": -0.015699,
        "regime_survival": 0.68,
        "best_return": 0.232143,
        "worst_return": -0.180257,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.018018,
        "positive_rate": 0.363636,
        "directional_follow_through": 0.363636,
        "median_excess_return": -0.043058,
        "regime_survival": 0.454545,
        "best_return": 0.456788,
        "worst_return": -0.209877,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.082082,
        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
        "median_excess_return": 0.008657,
        "regime_survival": 0.25,
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        "worst_return": -0.320988,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.098655,
        "sufficient": false
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        "regime": "downward_expansion",
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        "regime": "deceleration",
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        "color": "amber",
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        "tenure": "Established",
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      {
        "date": "2026-07-03",
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        "fair_value": 4.831796,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 1404775.0,
        "trend": 5.621653,
        "fair_value": 4.838778,
        "relative_strength": -5.990867,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.036493,
        "energy": 84.397132,
        "activity_lines": [
          5.933333,
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          5.734762,
          5.692294
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      },
      {
        "date": "2026-07-24",
        "close": 6.05,
        "volume": 1039100,
        "typical_volume": 1325235.0,
        "trend": 5.647493,
        "fair_value": 4.844574,
        "relative_strength": -6.026209,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 77.372462,
        "energy": 83.715042,
        "activity_lines": [
          5.986667,
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          5.769524,
          5.71993
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      },
      {
        "date": "2026-07-31",
        "close": 6.05,
        "volume": 332000,
        "typical_volume": 1075445.0,
        "trend": 5.673333,
        "fair_value": 4.85037,
        "relative_strength": -4.822229,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.277242,
        "energy": 82.892568,
        "activity_lines": [
          6.023333,
          5.937273,
          5.801905,
          5.745898
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.0,
        "volume": 737500,
        "typical_volume": 926205.0,
        "trend": 5.695978,
        "fair_value": 4.86249,
        "relative_strength": -4.782459,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 65.665095,
        "energy": 70.694317,
        "activity_lines": [
          6.026667,
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          5.827143,
          5.766973
        ]
      }
    ],
    "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."
    }
  }
}