{
  "ticker": {
    "uuid": "8778b8d5-e47d-4b2c-b64c-e01e1bddecb2",
    "symbol": "IRC",
    "name": "Inoue Rubber (Thailand) 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 73.385,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 63.841,
    "architecture_energy": 35.143,
    "architecture_maturity": 30.989,
    "architecture_confidence": 68.707,
    "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": 29.48,
        "rotation_up": 50.58,
        "upward_expansion": 76.72,
        "deceleration": 59.7,
        "rotation_down": 21.13,
        "downward_expansion": 3.38
      },
      "activity_lines": [
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        11.81381,
        11.728123
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.666667
    },
    "latest_close": 12.1,
    "trend_reference": 11.637527,
    "distance_from_trend": 0.03974,
    "trend_direction": "Improving",
    "fair_value": 11.691281,
    "distance_from_fair_value": 0.034959,
    "fair_value_direction": "Improving",
    "relative_strength": -7.918026,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.015542,
    "excess_performance": -0.176783,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.03974,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.02261,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.034959,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.051557,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.07918,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.028881,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.015542,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.908757,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 142500,
      "relative_activity": 2.125438,
      "balance": 1.908757,
      "dry_up": 1.203296,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.027336,
      "annualized_volatility": 0.096062,
      "from_high_reference": -0.008197,
      "from_low_reference": 0.144792
    },
    "levels": {
      "trend_reference": 11.637527,
      "fair_value_reference": 11.691281,
      "structural_low": 11.0,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.0,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.010352,
        "regime_survival": 0.666667,
        "best_return": 0.050847,
        "worst_return": -0.129913,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.032201,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.064224,
        "regime_survival": 0.5,
        "best_return": 0.04386,
        "worst_return": -0.152657,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.062552,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.060373,
        "regime_survival": 0.25,
        "best_return": 0.076919,
        "worst_return": -0.186104,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.108634,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.060127,
        "regime_survival": 0.666667,
        "best_return": 0.030761,
        "worst_return": -0.202828,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-03-08",
        "end": "2024-03-22",
        "tenure": "New",
        "return": -0.030534,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-03-29",
        "end": "2024-04-12",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-04-19",
        "end": "2024-05-17",
        "tenure": "Developing",
        "return": 0.087302,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-07-05",
        "tenure": "Developing",
        "return": -0.021898,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-09-06",
        "tenure": "Developing",
        "return": 0.029412,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2024-12-20",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-27",
        "end": "2025-01-03",
        "tenure": "New",
        "return": 0.007092,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-02-07",
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        "return": 0.0,
        "active": false
      },
      {
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        "label": "Rotation Down",
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        "return": -0.064516,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-14",
        "end": "2025-08-08",
        "tenure": "Established",
        "return": -0.017242,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-12-05",
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        "fair_value": 11.699335,
        "relative_strength": -9.526467,
        "stage": 3,
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        "modifier": "Recompressing",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-01",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-08",
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        "fair_value": 11.694089,
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      },
      {
        "date": "2026-05-15",
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        "fair_value": 11.695112,
        "relative_strength": -9.241885,
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        "modifier": "Momentum cooling",
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        "activity_lines": [
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      },
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        "date": "2026-05-22",
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      },
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        "typical_volume": 143695.0,
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      },
      {
        "date": "2026-06-05",
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        "typical_volume": 138960.0,
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        "relative_strength": -11.08591,
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      },
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        "date": "2026-06-12",
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        "typical_volume": 133960.0,
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        "fair_value": 11.692232,
        "relative_strength": -11.241801,
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 109310.0,
        "trend": 11.509173,
        "fair_value": 11.685783,
        "relative_strength": -9.005538,
        "stage": 3,
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        "direction": 53.659897,
        "energy": 34.516728,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 11.9,
        "volume": 14500,
        "typical_volume": 83685.0,
        "trend": 11.527896,
        "fair_value": 11.686886,
        "relative_strength": -10.970823,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 59.192363,
        "energy": 34.387992,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 11.9,
        "volume": 66000,
        "typical_volume": 74835.0,
        "trend": 11.556228,
        "fair_value": 11.689112,
        "relative_strength": -11.086439,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.408389,
        "energy": 28.72208,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 11.8,
        "volume": 106100,
        "typical_volume": 71355.0,
        "trend": 11.578024,
        "fair_value": 11.689574,
        "relative_strength": -12.423479,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 38.498574,
        "energy": 22.150904,
        "activity_lines": [
          11.833333,
          11.845455,
          11.728571,
          11.662548
        ]
      },
      {
        "date": "2026-07-24",
        "close": 11.8,
        "volume": 65100,
        "typical_volume": 64725.0,
        "trend": 11.593414,
        "fair_value": 11.689475,
        "relative_strength": -12.346979,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 37.845928,
        "energy": 22.192897,
        "activity_lines": [
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          11.836364,
          11.746667,
          11.676869
        ]
      },
      {
        "date": "2026-07-31",
        "close": 11.9,
        "volume": 9000,
        "typical_volume": 61805.0,
        "trend": 11.612137,
        "fair_value": 11.690578,
        "relative_strength": -10.304409,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 50.989503,
        "energy": 26.295329,
        "activity_lines": [
          11.853333,
          11.845455,
          11.771905,
          11.696648
        ]
      },
      {
        "date": "2026-08-07",
        "close": 12.1,
        "volume": 142500,
        "typical_volume": 67045.0,
        "trend": 11.637527,
        "fair_value": 11.691281,
        "relative_strength": -7.918026,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 63.841451,
        "energy": 35.142661,
        "activity_lines": [
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          11.889091,
          11.81381,
          11.728123
        ]
      }
    ],
    "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."
    }
  }
}