{ "ticker": { "uuid": "a83ffc62-5e73-4cef-92f3-c834c66b3f33", "symbol": "TSTE", "name": "TSTE 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 76.389, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "down", "architecture_direction": -66.943, "architecture_energy": 29.832, "architecture_maturity": 16.139, "architecture_confidence": 85.248, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 42.73, "rotation_up": 31.29, "upward_expansion": 15.88, "deceleration": 44.63, "rotation_down": 43.17, "downward_expansion": 66.22 }, "activity_lines": [ 10.3, 10.316364, 10.37381, 10.38817 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 9.9, "trend_reference": 10.424051, "distance_from_trend": -0.050273, "trend_direction": "Weakening", "fair_value": 11.088027, "distance_from_fair_value": -0.107145, "fair_value_direction": "Weakening", "relative_strength": -19.645815, "relative_strength_direction": "Improving", "price_momentum": -0.067594, "excess_performance": -0.259919, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.050273, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.010868, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.107145, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.038408, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.196458, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.00076, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.067594, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 4.143885, "read": "Demand-led" } ], "volume": { "latest": 6900, "relative_activity": 1.059908, "balance": 4.143885, "dry_up": 0.264977, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.023699, "annualized_volatility": 0.184108, "from_high_reference": -0.271497, "from_low_reference": 0.0 }, "levels": { "trend_reference": 10.424051, "fair_value_reference": 11.088027, "structural_low": 9.9, "invalidation": "A renewed 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11.045997, "relative_strength": -19.562897, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -62.35069, "energy": 29.981406, "activity_lines": [ 10.383333, 10.418182, 10.429095, 10.4507 ] }, { "date": "2026-07-03", "close": 10.0, "volume": 0, "typical_volume": 5555.0, "trend": 10.480205, "fair_value": 11.051024, "relative_strength": -22.035386, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -73.511659, "energy": 68.703089, "activity_lines": [ 10.226667, 10.342727, 10.392165, 10.417964 ] }, { "date": "2026-07-10", "close": 10.5, "volume": 54600, "typical_volume": 8205.0, "trend": 10.486205, "fair_value": 11.059255, "relative_strength": -18.094622, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.859992, "energy": 37.713104, "activity_lines": [ 10.276667, 10.369091, 10.403432, 10.419241 ] }, { "date": "2026-07-17", "close": 10.5, "volume": 0, "typical_volume": 7800.0, "trend": 10.475667, "fair_value": 11.067487, "relative_strength": -18.344395, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.490373, "energy": 31.037186, "activity_lines": [ 10.333333, 10.388182, 10.412897, 10.420131 ] }, { "date": "2026-07-24", "close": 10.5, "volume": 0, "typical_volume": 7175.0, "trend": 10.465128, "fair_value": 11.075719, "relative_strength": -17.511841, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -27.567904, "energy": 11.983913, "activity_lines": [ 10.396667, 10.401818, 10.420088, 10.421701 ] }, { "date": "2026-07-31", "close": 10.5, "volume": 0, "typical_volume": 7015.0, "trend": 10.45459, "fair_value": 11.08395, "relative_strength": -15.955139, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 14.427911, "energy": 20.168467, "activity_lines": [ 10.466667, 10.413636, 10.425476, 10.42395 ] }, { "date": "2026-08-07", "close": 9.9, "volume": 6900, "typical_volume": 6510.0, "trend": 10.424051, "fair_value": 11.088027, "relative_strength": -19.645815, "stage": 1, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.94253, "energy": 29.831828, "activity_lines": [ 10.3, 10.316364, 10.37381, 10.38817 ] } ], "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." } } }