{ "ticker": { "uuid": "8c57414b-4e41-48b7-965a-2275d2dc7545", "symbol": "NCAP", "name": "Next Capital 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": "2c", "phase_label": "Stage 2C \u00b7 Late 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": 91.259, "architecture_energy": 95.735, "architecture_maturity": 24.0, "architecture_confidence": 78.274, "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": 7.65, "rotation_up": 88.89, "upward_expansion": 99.96, "deceleration": 39.01, "rotation_down": 8.11, "downward_expansion": 21.96 }, "activity_lines": [ 3.592, 3.275273, 2.966667, 2.84761 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 3.94, "trend_reference": 2.750539, "distance_from_trend": 0.432447, "trend_direction": "Improving", "fair_value": 2.423654, "distance_from_fair_value": 0.625644, "fair_value_direction": "Improving", "relative_strength": 17.732517, "relative_strength_direction": "Improving", "price_momentum": 0.398917, "excess_performance": 0.206592, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.432447, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.010292, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.625644, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.676955, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.177325, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.433431, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.398917, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 14.513541, "read": "Demand-led" } ], "volume": { "latest": 225445400, "relative_activity": 5.26182, "balance": 14.513541, "dry_up": 2.697447, "accumulation_observations": 6, "distribution_observations": 1 }, "risk": { "range_context": 0.078094, "annualized_volatility": 0.478443, "from_high_reference": -0.09633, "from_low_reference": 0.824074 }, "levels": { "trend_reference": 2.750539, "fair_value_reference": 2.423654, "structural_low": 2.16, "invalidation": "A 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"close": 3.24, "volume": 82432500, "typical_volume": 25922900.0, "trend": 2.67872, "fair_value": 2.421066, "relative_strength": -5.06792, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 57.908266, "energy": 72.668471, "activity_lines": [ 2.985333, 2.852, 2.686, 2.667873 ] }, { "date": "2026-07-24", "close": 3.1, "volume": 44137900, "typical_volume": 27415645.0, "trend": 2.682919, "fair_value": 2.417142, "relative_strength": -9.013397, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "up", "direction": 69.264302, "energy": 80.678884, "activity_lines": [ 3.06, 2.912727, 2.733619, 2.695052 ] }, { "date": "2026-07-31", "close": 3.82, "volume": 110278300, "typical_volume": 31853415.0, "trend": 2.712431, "fair_value": 2.418581, "relative_strength": 13.41229, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 94.10922, "energy": 95.22224, "activity_lines": [ 3.345333, 3.094545, 2.847143, 2.768412 ] }, { "date": "2026-08-07", "close": 3.94, "volume": 225445400, "typical_volume": 42845515.0, "trend": 2.750539, "fair_value": 2.423654, "relative_strength": 17.732517, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 91.258862, "energy": 95.734982, "activity_lines": [ 3.592, 3.275273, 2.966667, 2.84761 ] } ], "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." } } }