{
  "ticker": {
    "uuid": "99338672-5963-41ca-89e4-865e069eba7d",
    "symbol": "SSP",
    "name": "Sermsang Power Corporation 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": 86.568,
    "architecture_energy": 93.609,
    "architecture_maturity": 52.0,
    "architecture_confidence": 80.506,
    "architecture_tenure": "Established",
    "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": 3.81,
        "rotation_up": 86.98,
        "upward_expansion": 99.79,
        "deceleration": 39.07,
        "rotation_down": 8.79,
        "downward_expansion": 21.79
      },
      "activity_lines": [
        4.566667,
        4.336727,
        4.08675,
        3.878824
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 4.78,
    "trend_reference": 3.592293,
    "distance_from_trend": 0.330627,
    "trend_direction": "Improving",
    "fair_value": 4.803501,
    "distance_from_fair_value": -0.004892,
    "fair_value_direction": "Improving",
    "relative_strength": 21.13856,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.671443,
    "excess_performance": 0.479118,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.330627,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.129594,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.004892,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.228774,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.211386,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.252247,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.671443,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.862557,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4837000,
      "relative_activity": 1.205771,
      "balance": 2.862557,
      "dry_up": 2.102092,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.056003,
      "annualized_volatility": 0.299683,
      "from_high_reference": -0.016461,
      "from_low_reference": 0.727158
    },
    "levels": {
      "trend_reference": 3.592293,
      "fair_value_reference": 4.803501,
      "structural_low": 2.841355,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": -0.037736,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.03757,
        "regime_survival": 0.8,
        "best_return": 0.092896,
        "worst_return": -0.064164,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.041722,
        "positive_rate": 0.5,
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        "regime_survival": 0.5,
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        "worst_return": -0.072289,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.23091,
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        "median_excess_return": -0.183627,
        "regime_survival": 0.0,
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        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
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        "sufficient": false
      }
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        "end": "2023-02-24",
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        "end": "2024-05-17",
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        "active": false
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        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "modifier": "Established expansion",
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        "energy": 68.246901,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "volume": 18946000,
        "typical_volume": 3847975.0,
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        "fair_value": 4.823272,
        "relative_strength": 12.269338,
        "stage": 1,
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        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.284543,
        "energy": 87.167825,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 4.7,
        "volume": 4211500,
        "typical_volume": 3892190.0,
        "trend": 3.531361,
        "fair_value": 4.81257,
        "relative_strength": 18.269912,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 90.500824,
        "energy": 93.389619,
        "activity_lines": [
          4.404,
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          3.994451,
          3.798266
        ]
      },
      {
        "date": "2026-08-07",
        "close": 4.78,
        "volume": 4837000,
        "typical_volume": 4011540.0,
        "trend": 3.592293,
        "fair_value": 4.803501,
        "relative_strength": 21.13856,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.567916,
        "energy": 93.609228,
        "activity_lines": [
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          3.878824
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      }
    ],
    "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."
    }
  }
}