{
  "ticker": {
    "uuid": "92d6a2c3-fbe8-4059-a710-cd90f79a84a9",
    "symbol": "MBK",
    "name": "MBK 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": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 94.217,
    "architecture_energy": 96.887,
    "architecture_maturity": 40.0,
    "architecture_confidence": 75.756,
    "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": 0.0,
        "rotation_up": 90.2,
        "upward_expansion": 99.64,
        "deceleration": 39.14,
        "rotation_down": 8.11,
        "downward_expansion": 21.64
      },
      "activity_lines": [
        22.493333,
        21.401818,
        20.035714,
        19.3623
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 23.799999,
    "trend_reference": 18.667175,
    "distance_from_trend": 0.274965,
    "trend_direction": "Improving",
    "fair_value": 16.2722,
    "distance_from_fair_value": 0.462617,
    "fair_value_direction": "Improving",
    "relative_strength": 15.723853,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.338863,
    "excess_performance": 0.146538,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.274965,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.07434,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.462617,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.370939,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.157239,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.273685,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.338863,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 8.920903,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 14687400,
      "relative_activity": 2.397982,
      "balance": 8.920903,
      "dry_up": 1.740355,
      "accumulation_observations": 6,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.040078,
      "annualized_volatility": 0.249287,
      "from_high_reference": -0.028571,
      "from_low_reference": 0.511355
    },
    "levels": {
      "trend_reference": 18.667175,
      "fair_value_reference": 16.2722,
      "structural_low": 16.6,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 26,
        "median_return": 0.000437,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.005684,
        "regime_survival": 0.653846,
        "best_return": 0.159051,
        "worst_return": -0.085427,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
        "median_return": -0.006081,
        "positive_rate": 0.454545,
        "directional_follow_through": 0.454545,
        "median_excess_return": 0.011997,
        "regime_survival": 0.363636,
        "best_return": 0.147887,
        "worst_return": -0.172471,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": 0.019808,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.037713,
        "regime_survival": 0.428571,
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        "worst_return": -0.170307,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
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        "best_return": 0.400867,
        "worst_return": -0.07898,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-08-16",
        "tenure": "New",
        "return": 0.04321,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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      },
      {
        "regime": "upward_expansion",
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      },
      {
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      },
      {
        "regime": "upward_expansion",
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      },
      {
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      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-03-14",
        "tenure": "Developing",
        "return": -0.011364,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-06-13",
        "tenure": "Established",
        "return": -0.035088,
        "active": false
      },
      {
        "regime": "balance",
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      },
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        "date": "2026-04-17",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 16.049253,
        "relative_strength": -1.241789,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 87.532304,
        "energy": 94.120298,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 21.6,
        "volume": 13978900,
        "typical_volume": 6520825.0,
        "trend": 18.107401,
        "fair_value": 16.101522,
        "relative_strength": 3.947372,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 95.012428,
        "energy": 96.923812,
        "activity_lines": [
          20.466667,
          19.763636,
          18.848329,
          18.517897
        ]
      },
      {
        "date": "2026-07-24",
        "close": 21.5,
        "volume": 7506200,
        "typical_volume": 6242990.0,
        "trend": 18.257288,
        "fair_value": 16.151513,
        "relative_strength": 3.144472,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 85.684312,
        "energy": 93.961103,
        "activity_lines": [
          20.933333,
          20.170909,
          19.155666,
          18.736774
        ]
      },
      {
        "date": "2026-07-31",
        "close": 22.6,
        "volume": 6465500,
        "typical_volume": 6055150.0,
        "trend": 18.447062,
        "fair_value": 16.209101,
        "relative_strength": 9.463895,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 91.594464,
        "energy": 95.856876,
        "activity_lines": [
          21.626667,
          20.716364,
          19.550952,
          19.016949
        ]
      },
      {
        "date": "2026-08-07",
        "close": 23.799999,
        "volume": 14687400,
        "typical_volume": 6124900.0,
        "trend": 18.667175,
        "fair_value": 16.2722,
        "relative_strength": 15.723853,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 94.217089,
        "energy": 96.886826,
        "activity_lines": [
          22.493333,
          21.401818,
          20.035714,
          19.3623
        ]
      }
    ],
    "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."
    }
  }
}