{
  "ticker": {
    "uuid": "937eef5f-3709-4cdd-9ffc-c53f65219913",
    "symbol": "STPI",
    "name": "STP&I 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": 71.008,
    "architecture_energy": 80.105,
    "architecture_maturity": 40.0,
    "architecture_confidence": 85.118,
    "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": 7.83,
        "rotation_up": 78.02,
        "upward_expansion": 93.96,
        "deceleration": 42.61,
        "rotation_down": 9.85,
        "downward_expansion": 18.3
      },
      "activity_lines": [
        6.286667,
        5.976364,
        5.538476,
        5.251785
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 6.4,
    "trend_reference": 4.970333,
    "distance_from_trend": 0.28764,
    "trend_direction": "Improving",
    "fair_value": 3.726346,
    "distance_from_fair_value": 0.7175,
    "fair_value_direction": "Improving",
    "relative_strength": 19.243371,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.428571,
    "excess_performance": 0.236246,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.28764,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.112761,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.7175,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.369962,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.192434,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.193002,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.428571,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.423609,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 61921800,
      "relative_activity": 1.048777,
      "balance": 3.423609,
      "dry_up": 2.532563,
      "accumulation_observations": 4,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.091587,
      "annualized_volatility": 0.742733,
      "from_high_reference": -0.098592,
      "from_low_reference": 0.860465
    },
    "levels": {
      "trend_reference": 4.970333,
      "fair_value_reference": 3.726346,
      "structural_low": 3.9,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 19,
        "median_return": -0.022624,
        "positive_rate": 0.315789,
        "directional_follow_through": 0.315789,
        "median_excess_return": -0.056408,
        "regime_survival": 0.578947,
        "best_return": 0.155963,
        "worst_return": -0.177273,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": -0.086957,
        "positive_rate": 0.222222,
        "directional_follow_through": 0.222222,
        "median_excess_return": -0.111132,
        "regime_survival": 0.444444,
        "best_return": 0.243243,
        "worst_return": -0.258475,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.02547,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.119831,
        "regime_survival": 0.5,
        "best_return": 0.40625,
        "worst_return": -0.419048,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.183036,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.18676,
        "regime_survival": 0.333333,
        "best_return": 0.302083,
        "worst_return": -0.321267,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-26",
        "end": "2024-08-16",
        "tenure": "New",
        "return": 0.080537,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-12-13",
        "tenure": "Developing",
        "return": -0.045455,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
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        "regime": "downward_expansion",
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        "active": false
      },
      {
        "regime": "rotation_up",
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      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "modifier": "Early expansion",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 3.662628,
        "relative_strength": 0.141404,
        "stage": 2,
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        "modifier": "Early expansion",
        "gate": "up",
        "direction": 59.682605,
        "energy": 44.373715,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 161539500,
        "typical_volume": 54187455.0,
        "trend": 4.787667,
        "fair_value": 3.678654,
        "relative_strength": 17.331632,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 84.351834,
        "energy": 56.49917,
        "activity_lines": [
          5.656667,
          5.522727,
          5.122524,
          4.958086
        ]
      },
      {
        "date": "2026-07-24",
        "close": 6.4,
        "volume": 288096900,
        "typical_volume": 59382180.0,
        "trend": 4.850333,
        "fair_value": 3.694423,
        "relative_strength": 18.274753,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.288786,
        "energy": 60.425413,
        "activity_lines": [
          5.94,
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          5.274286,
          5.062108
        ]
      },
      {
        "date": "2026-07-31",
        "close": 6.3,
        "volume": 86551200,
        "typical_volume": 59666175.0,
        "trend": 4.909667,
        "fair_value": 3.710321,
        "relative_strength": 17.189173,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.803486,
        "energy": 63.411883,
        "activity_lines": [
          6.136667,
          5.842727,
          5.406238,
          5.155634
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.4,
        "volume": 61921800,
        "typical_volume": 59041900.0,
        "trend": 4.970333,
        "fair_value": 3.726346,
        "relative_strength": 19.243371,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 71.008215,
        "energy": 80.10509,
        "activity_lines": [
          6.286667,
          5.976364,
          5.538476,
          5.251785
        ]
      }
    ],
    "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."
    }
  }
}