{
  "ticker": {
    "uuid": "8ee60642-12b1-4581-855d-e9b9213f7e1e",
    "symbol": "LHHOTEL",
    "name": "LH Hotel Leasehold Real Estate Investment Trust",
    "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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 81.508,
    "architecture_energy": 83.561,
    "architecture_maturity": 29.934,
    "architecture_confidence": 75.299,
    "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": 4.03,
        "rotation_up": 76.86,
        "upward_expansion": 93.55,
        "deceleration": 45.43,
        "rotation_down": 14.66,
        "downward_expansion": 17.88
      },
      "activity_lines": [
        14.126667,
        13.943636,
        13.530896,
        13.287067
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 14.3,
    "trend_reference": 13.009795,
    "distance_from_trend": 0.099172,
    "trend_direction": "Improving",
    "fair_value": 10.792942,
    "distance_from_fair_value": 0.32494,
    "fair_value_direction": "Improving",
    "relative_strength": 0.077387,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.143619,
    "excess_performance": -0.048706,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.099172,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.048593,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.32494,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.084898,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.000774,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.044042,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.143619,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.665248,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4027900,
      "relative_activity": 1.495207,
      "balance": 1.665248,
      "dry_up": 0.967166,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.020381,
      "annualized_volatility": 0.156784,
      "from_high_reference": -0.006944,
      "from_low_reference": 0.416414
    },
    "levels": {
      "trend_reference": 13.009795,
      "fair_value_reference": 10.792942,
      "structural_low": 12.025114,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 28,
        "median_return": 0.015236,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.014145,
        "regime_survival": 0.75,
        "best_return": 0.228261,
        "worst_return": -0.065693,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": 0.051153,
        "positive_rate": 0.636364,
        "directional_follow_through": 0.636364,
        "median_excess_return": 0.065336,
        "regime_survival": 0.545455,
        "best_return": 0.233334,
        "worst_return": -0.166556,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.10931,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.089691,
        "regime_survival": 0.333333,
        "best_return": 0.305298,
        "worst_return": -0.091338,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.217328,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.22762,
        "regime_survival": 0.666667,
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        "worst_return": 0.098148,
        "sufficient": false
      }
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        "regime": "deceleration",
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        "active": false
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        "regime": "balance",
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      },
      {
        "date": "2026-04-17",
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      },
      {
        "date": "2026-07-03",
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      },
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        "date": "2026-07-10",
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        "fair_value": 10.65889,
        "relative_strength": -1.880058,
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        "energy": 95.734509,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 3621300.0,
        "trend": 12.840514,
        "fair_value": 10.690809,
        "relative_strength": -4.249208,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 70.477005,
        "energy": 88.851047,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 13.9,
        "volume": 2326700,
        "typical_volume": 3114405.0,
        "trend": 12.893405,
        "fair_value": 10.7232,
        "relative_strength": -4.430188,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 68.233646,
        "energy": 88.183502,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 14.2,
        "volume": 1663400,
        "typical_volume": 2638040.0,
        "trend": 12.953115,
        "fair_value": 10.758459,
        "relative_strength": -1.265695,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.556946,
        "energy": 90.513345,
        "activity_lines": [
          14.04,
          13.812727,
          13.417146,
          13.200172
        ]
      },
      {
        "date": "2026-08-07",
        "close": 14.3,
        "volume": 4027900,
        "typical_volume": 2693875.0,
        "trend": 13.009795,
        "fair_value": 10.792942,
        "relative_strength": 0.077387,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 81.507769,
        "energy": 83.56078,
        "activity_lines": [
          14.126667,
          13.943636,
          13.530896,
          13.287067
        ]
      }
    ],
    "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."
    }
  }
}