{ "ticker": { "uuid": "ad9a3bd6-58e1-41bb-96ed-464b48507ab3", "symbol": "NTV", "name": "Nonthavej Hospital 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": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -43.2, "architecture_energy": 34.189, "architecture_maturity": 86.442, "architecture_confidence": 78.486, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 31.3, "rotation_up": 27.41, "upward_expansion": 22.07, "deceleration": 46.95, "rotation_down": 31.46, "downward_expansion": 58.4 }, "activity_lines": [ 19.06, 18.989091, 19.370476, 19.986323 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 19.1, "trend_reference": 20.719935, "distance_from_trend": -0.078182, "trend_direction": "Weakening", "fair_value": 26.921217, "distance_from_fair_value": -0.290522, "fair_value_direction": "Weakening", "relative_strength": -24.305678, "relative_strength_direction": "Weakening", "price_momentum": -0.119279, "excess_performance": -0.311604, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.078182, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.043311, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.290522, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.065339, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.243057, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.056157, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.119279, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.387232, "read": "Supply-led" } ], "volume": { "latest": 76700, "relative_activity": 0.857654, "balance": 0.387232, "dry_up": 1.280331, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.040274, "annualized_volatility": 0.219508, "from_high_reference": -0.223598, "from_low_reference": 0.032432 }, "levels": { "trend_reference": 20.719935, "fair_value_reference": 26.921217, "structural_low": 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"2026-07-24", "close": 18.9, "volume": 270700, "typical_volume": 97630.0, "trend": 20.90194, "fair_value": 27.106381, "relative_strength": -27.832206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.25715, "energy": 44.044784, "activity_lines": [ 18.993334, 18.927273, 19.588424, 20.212652 ] }, { "date": "2026-07-31", "close": 19.1, "volume": 24400, "typical_volume": 94605.0, "trend": 20.806161, "fair_value": 27.018015, "relative_strength": -25.503809, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.479145, "energy": 39.145258, "activity_lines": [ 19.04, 18.956364, 19.472381, 20.096398 ] }, { "date": "2026-08-07", "close": 19.1, "volume": 76700, "typical_volume": 89430.0, "trend": 20.719935, "fair_value": 26.921217, "relative_strength": -24.305678, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.199726, "energy": 34.188976, "activity_lines": [ 19.06, 18.989091, 19.370476, 19.986323 ] } ], "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." } } }