{
  "ticker": {
    "uuid": "accb0169-d2df-48eb-9f71-38ce5047ca39",
    "symbol": "ASK",
    "name": "Asia Sermkij Leasing 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": 68.429,
    "architecture_energy": 79.894,
    "architecture_maturity": 48.0,
    "architecture_confidence": 81.015,
    "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": 4.37,
        "rotation_up": 80.27,
        "upward_expansion": 93.35,
        "deceleration": 45.67,
        "rotation_down": 9.15,
        "downward_expansion": 17.69
      },
      "activity_lines": [
        12.06,
        11.531818,
        10.569048,
        10.009487
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 12.0,
    "trend_reference": 9.293515,
    "distance_from_trend": 0.291223,
    "trend_direction": "Improving",
    "fair_value": 11.105054,
    "distance_from_fair_value": 0.080589,
    "fair_value_direction": "Improving",
    "relative_strength": 23.332463,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.654946,
    "excess_performance": 0.462621,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.291223,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.167408,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.080589,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.31557,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.233325,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.176691,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.654946,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.056394,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 5152300,
      "relative_activity": 1.775055,
      "balance": 3.056394,
      "dry_up": 1.777992,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.049359,
      "annualized_volatility": 0.384785,
      "from_high_reference": -0.055118,
      "from_low_reference": 0.784978
    },
    "levels": {
      "trend_reference": 9.293515,
      "fair_value_reference": 11.105054,
      "structural_low": 7.29901,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 16,
        "median_return": -0.015464,
        "positive_rate": 0.4375,
        "directional_follow_through": 0.4375,
        "median_excess_return": -0.030265,
        "regime_survival": 0.75,
        "best_return": 0.145946,
        "worst_return": -0.109195,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.064103,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.071195,
        "regime_survival": 0.4,
        "best_return": 0.097143,
        "worst_return": -0.146285,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.042945,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.025047,
        "regime_survival": 0.666667,
        "best_return": 0.168054,
        "worst_return": -0.270827,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
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        "worst_return": -0.239513,
        "sufficient": false
      }
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        "start": "2023-02-17",
        "end": "2024-09-27",
        "tenure": "Extended",
        "return": -0.487349,
        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      },
      {
        "regime": "rotation_up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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      {
        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "deceleration",
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        "active": false
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        "regime": "downward_expansion",
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        "regime": "balance",
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        "date": "2026-06-05",
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      },
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      },
      {
        "date": "2026-06-26",
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        "relative_strength": 11.467825,
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      },
      {
        "date": "2026-07-03",
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        "trend": 8.448795,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 11.330172,
        "relative_strength": 24.121221,
        "stage": 2,
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        "direction": 98.207728,
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      },
      {
        "date": "2026-07-17",
        "close": 12.3,
        "volume": 8836600,
        "typical_volume": 2613610.0,
        "trend": 8.78967,
        "fair_value": 11.27075,
        "relative_strength": 26.19643,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 95.816527,
        "energy": 98.262976,
        "activity_lines": [
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          9.835952,
          9.414497
        ]
      },
      {
        "date": "2026-07-24",
        "close": 12.0,
        "volume": 3625300,
        "typical_volume": 2614065.0,
        "trend": 8.959175,
        "fair_value": 11.215489,
        "relative_strength": 22.176345,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 80.07029,
        "energy": 92.73969,
        "activity_lines": [
          11.746667,
          10.980909,
          10.092857,
          9.621615
        ]
      },
      {
        "date": "2026-07-31",
        "close": 12.1,
        "volume": 3029100,
        "typical_volume": 2695570.0,
        "trend": 9.128812,
        "fair_value": 11.161421,
        "relative_strength": 24.005239,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 74.812069,
        "energy": 90.720348,
        "activity_lines": [
          11.986667,
          11.294545,
          10.34381,
          9.824249
        ]
      },
      {
        "date": "2026-08-07",
        "close": 12.0,
        "volume": 5152300,
        "typical_volume": 2902615.0,
        "trend": 9.293515,
        "fair_value": 11.105054,
        "relative_strength": 23.332463,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.429382,
        "energy": 79.894033,
        "activity_lines": [
          12.06,
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          10.569048,
          10.009487
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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."
    }
  }
}