{ "ticker": { "uuid": "8868baae-0fd0-498f-ae1b-f640bae7c32b", "symbol": "AS", "name": "Asphere Innovations 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -41.471, "architecture_energy": 27.534, "architecture_maturity": 82.149, "architecture_confidence": 78.364, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 31.33, "rotation_up": 27.7, "upward_expansion": 21.94, "deceleration": 46.91, "rotation_down": 26.09, "downward_expansion": 58.27 }, "activity_lines": [ 2.389333, 2.365091, 2.434, 2.505986 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 2.36, "trend_reference": 2.591605, "distance_from_trend": -0.089367, "trend_direction": "Weakening", "fair_value": 4.06442, "distance_from_fair_value": -0.419351, "fair_value_direction": "Improving", "relative_strength": -26.514508, "relative_strength_direction": "Weakening", "price_momentum": -0.137053, "excess_performance": -0.329378, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.089367, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.077429, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.419351, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.014251, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.265145, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.133902, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.137053, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.389249, "read": "Supply-led" } ], "volume": { "latest": 1549600, "relative_activity": 0.399896, "balance": 0.389249, "dry_up": 0.915967, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.046936, "annualized_volatility": 0.310388, "from_high_reference": -0.405153, "from_low_reference": 0.063063 }, "levels": { "trend_reference": 2.591605, "fair_value_reference": 4.06442, "structural_low": 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contraction", "gate": "down", "direction": -65.658777, "energy": 81.756917, "activity_lines": [ 2.3, 2.358182, 2.487093, 2.569795 ] }, { "date": "2026-07-17", "close": 2.5, "volume": 6485300, "typical_volume": 4553700.0, "trend": 2.672667, "fair_value": 4.224603, "relative_strength": -25.052255, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.655466, "energy": 48.152481, "activity_lines": [ 2.369333, 2.369091, 2.480102, 2.557571 ] }, { "date": "2026-07-24", "close": 2.4, "volume": 3997300, "typical_volume": 4399350.0, "trend": 2.648667, "fair_value": 4.17094, "relative_strength": -27.792887, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.260624, "energy": 38.118083, "activity_lines": [ 2.389333, 2.366182, 2.465714, 2.539979 ] }, { "date": "2026-07-31", "close": 2.38, "volume": 2165300, "typical_volume": 4275795.0, "trend": 2.618222, "fair_value": 4.118339, "relative_strength": -26.951474, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.727842, "energy": 30.345496, "activity_lines": [ 2.396, 2.365091, 2.45019, 2.522646 ] }, { "date": "2026-08-07", "close": 2.36, "volume": 1549600, "typical_volume": 3875005.0, "trend": 2.591605, "fair_value": 4.06442, "relative_strength": -26.514508, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.470784, "energy": 27.533659, "activity_lines": [ 2.389333, 2.365091, 2.434, 2.505986 ] } ], "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." } } }