{
  "ticker": {
    "uuid": "869c65e3-b489-461c-ae6d-4e02b949c5d4",
    "symbol": "BIS",
    "name": "Bioscience Animal Health 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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 58.087,
    "architecture_energy": 63.32,
    "architecture_maturity": 23.564,
    "architecture_confidence": 70.211,
    "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": 26.1,
        "rotation_up": 64.83,
        "upward_expansion": 84.59,
        "deceleration": 48.39,
        "rotation_down": 11.11,
        "downward_expansion": 13.59
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      "activity_lines": [
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        2.050304
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
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    "latest_close": 2.1,
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    "distance_from_trend": 0.044552,
    "trend_direction": "Improving",
    "fair_value": 2.858784,
    "distance_from_fair_value": -0.265422,
    "fair_value_direction": "Improving",
    "relative_strength": -14.805822,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.120826,
    "excess_performance": -0.0715,
    "evidence": [
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        "label": "Price vs Trend",
        "positive": true,
        "value": 0.044552,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.017641,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.265422,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.086836,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.148058,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.070408,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.120826,
        "read": "Positive"
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      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.626647,
        "read": "Demand-led"
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      "balance": 1.626647,
      "dry_up": 2.417857,
      "accumulation_observations": 3,
      "distribution_observations": 4
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      "annualized_volatility": 0.258044,
      "from_high_reference": -0.291897,
      "from_low_reference": 0.25928
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      "structural_low": 1.814762,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
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        "direction": -0.982584,
        "energy": 6.423055,
        "activity_lines": [
          2.006502,
          1.986052,
          1.965538,
          1.970368
        ]
      },
      {
        "date": "2026-05-08",
        "close": 2.02,
        "volume": 136100,
        "typical_volume": 283980.0,
        "trend": 2.008651,
        "fair_value": 3.118524,
        "relative_strength": -21.846594,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 18.880352,
        "energy": 17.441166,
        "activity_lines": [
          2.01734,
          1.994289,
          1.972517,
          1.970128
        ]
      },
      {
        "date": "2026-05-15",
        "close": 2.02,
        "volume": 228200,
        "typical_volume": 291680.0,
        "trend": 1.995546,
        "fair_value": 3.098781,
        "relative_strength": -22.056477,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.879294,
        "energy": 25.148592,
        "activity_lines": [
          2.024305,
          2.00147,
          1.979126,
          1.97086
        ]
      },
      {
        "date": "2026-05-22",
        "close": 1.99,
        "volume": 494200,
        "typical_volume": 314590.0,
        "trend": 1.980787,
        "fair_value": 3.077437,
        "relative_strength": -23.482418,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 19.632239,
        "energy": 27.159259,
        "activity_lines": [
          2.016743,
          2.001784,
          1.982274,
          1.970502
        ]
      },
      {
        "date": "2026-05-29",
        "close": 2.1,
        "volume": 587000,
        "typical_volume": 330535.0,
        "trend": 1.975581,
        "fair_value": 3.05708,
        "relative_strength": -20.058763,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 62.882113,
        "energy": 44.789258,
        "activity_lines": [
          2.042667,
          2.021586,
          1.995578,
          1.978193
        ]
      },
      {
        "date": "2026-06-05",
        "close": 2.06,
        "volume": 352800,
        "typical_volume": 343215.0,
        "trend": 1.968387,
        "fair_value": 3.034493,
        "relative_strength": -21.575761,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.395627,
        "energy": 44.932262,
        "activity_lines": [
          2.048667,
          2.032319,
          2.004088,
          1.98364
        ]
      },
      {
        "date": "2026-06-12",
        "close": 2.0,
        "volume": 70300,
        "typical_volume": 334925.0,
        "trend": 1.964425,
        "fair_value": 3.012368,
        "relative_strength": -23.551673,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 49.625464,
        "energy": 34.979654,
        "activity_lines": [
          2.036,
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          2.006183,
          1.985679
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      },
      {
        "date": "2026-06-19",
        "close": 2.06,
        "volume": 78200,
        "typical_volume": 329500.0,
        "trend": 1.968022,
        "fair_value": 2.992318,
        "relative_strength": -19.431148,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.048455,
        "energy": 40.956723,
        "activity_lines": [
          2.044667,
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          2.013577,
          1.991845
        ]
      },
      {
        "date": "2026-06-26",
        "close": 2.02,
        "volume": 74000,
        "typical_volume": 321035.0,
        "trend": 1.97094,
        "fair_value": 2.971729,
        "relative_strength": -18.649194,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 47.648721,
        "energy": 24.576859,
        "activity_lines": [
          2.037333,
          2.036566,
          2.016087,
          1.995199
        ]
      },
      {
        "date": "2026-07-03",
        "close": 2.02,
        "volume": 211700,
        "typical_volume": 295460.0,
        "trend": 1.972876,
        "fair_value": 2.951141,
        "relative_strength": -21.329968,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 35.778878,
        "energy": 16.761266,
        "activity_lines": [
          2.028,
          2.033818,
          2.0179,
          1.998364
        ]
      },
      {
        "date": "2026-07-10",
        "close": 2.06,
        "volume": 1274200,
        "typical_volume": 317005.0,
        "trend": 1.976146,
        "fair_value": 2.932218,
        "relative_strength": -19.454843,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 43.043372,
        "energy": 21.950324,
        "activity_lines": [
          2.037333,
          2.038,
          2.022966,
          2.003985
        ]
      },
      {
        "date": "2026-07-17",
        "close": 2.24,
        "volume": 2455800,
        "typical_volume": 395935.0,
        "trend": 1.98607,
        "fair_value": 2.913604,
        "relative_strength": -12.659205,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 76.142603,
        "energy": 53.165578,
        "activity_lines": [
          2.106667,
          2.075273,
          2.045361,
          2.021008
        ]
      },
      {
        "date": "2026-07-24",
        "close": 2.2,
        "volume": 718200,
        "typical_volume": 408405.0,
        "trend": 1.996295,
        "fair_value": 2.895297,
        "relative_strength": -13.828402,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 69.489207,
        "energy": 64.833723,
        "activity_lines": [
          2.146667,
          2.101273,
          2.062623,
          2.03481
        ]
      },
      {
        "date": "2026-07-31",
        "close": 2.14,
        "volume": 554500,
        "typical_volume": 414945.0,
        "trend": 2.00354,
        "fair_value": 2.877169,
        "relative_strength": -14.528417,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 59.017534,
        "energy": 66.379758,
        "activity_lines": [
          2.157333,
          2.113091,
          2.072943,
          2.044081
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.1,
        "volume": 438000,
        "typical_volume": 430805.0,
        "trend": 2.010432,
        "fair_value": 2.858784,
        "relative_strength": -14.805822,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.087085,
        "energy": 63.320458,
        "activity_lines": [
          2.146667,
          2.114909,
          2.078606,
          2.050304
        ]
      }
    ],
    "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."
    }
  }
}