{ "ticker": { "uuid": "a4a6fdf1-2271-407a-b7e5-3791f55193d5", "symbol": "TGE", "name": "Thachang Green Energy 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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 65.253, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Emerging rotation", "architecture_gate": "mixed", "architecture_direction": 22.125, "architecture_energy": 38.324, "architecture_maturity": 40.864, "architecture_confidence": 68.248, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 37.84, "rotation_up": 66.39, "upward_expansion": 42.5, "deceleration": 44.47, "rotation_down": 16.72, "downward_expansion": 19.84 }, "activity_lines": [ 1.266, 1.188727, 1.153442, 1.16985 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 1.25, "trend_reference": 1.206804, "distance_from_trend": 0.035794, "trend_direction": "Weakening", "fair_value": 1.944419, "distance_from_fair_value": -0.357135, "fair_value_direction": "Improving", "relative_strength": -17.155115, "relative_strength_direction": "Improving", "price_momentum": -0.057559, "excess_performance": -0.249884, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.035794, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.053415, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.357135, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.053863, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.171551, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.104412, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.057559, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.645677, "read": "Supply-led" } ], "volume": { "latest": 6179800, "relative_activity": 1.329249, "balance": 0.645677, "dry_up": 4.199774, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.089231, "annualized_volatility": 0.407519, "from_high_reference": -0.206679, "from_low_reference": 0.302083 }, "levels": { "trend_reference": 1.206804, "fair_value_reference": 1.944419, "structural_low": 0.96, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, 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"activity_lines": [ 1.022667, 1.058306, 1.110203, 1.161365 ] }, { "date": "2026-07-10", "close": 1.04, "volume": 4609900, "typical_volume": 930435.0, "trend": 1.214308, "fair_value": 1.943719, "relative_strength": -33.454094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.568952, "energy": 79.632062, "activity_lines": [ 1.024, 1.049636, 1.098239, 1.149568 ] }, { "date": "2026-07-17", "close": 1.33, "volume": 29159000, "typical_volume": 2374600.0, "trend": 1.216424, "fair_value": 1.944023, "relative_strength": -15.249556, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -8.4839, "energy": 9.194974, "activity_lines": [ 1.124667, 1.095636, 1.1154, 1.157032 ] }, { "date": "2026-07-24", "close": 1.32, "volume": 38327700, "typical_volume": 4269535.0, "trend": 1.214219, "fair_value": 1.944327, "relative_strength": -15.485674, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": 13.979451, "energy": 25.222496, "activity_lines": [ 1.202667, 1.136727, 1.131875, 1.163714 ] }, { "date": "2026-07-31", "close": 1.27, "volume": 4434000, "typical_volume": 4416995.0, "trend": 1.210678, "fair_value": 1.944437, "relative_strength": -17.074666, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 24.296804, "energy": 36.974649, "activity_lines": [ 1.245333, 1.165636, 1.143667, 1.167313 ] }, { "date": "2026-08-07", "close": 1.25, "volume": 6179800, "typical_volume": 4649090.0, "trend": 1.206804, "fair_value": 1.944419, "relative_strength": -17.155115, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 22.124588, "energy": 38.324412, "activity_lines": [ 1.266, 1.188727, 1.153442, 1.16985 ] } ], "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." } } }