{
  "ticker": {
    "uuid": "b3a44f21-93bd-42cc-9654-0b912c05c4ba",
    "symbol": "GC",
    "name": "Global Connections 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "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": 93.211,
    "architecture_energy": 93.108,
    "architecture_maturity": 66.618,
    "architecture_confidence": 72.751,
    "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": 0.0,
        "rotation_up": 89.99,
        "upward_expansion": 97.84,
        "deceleration": 40.49,
        "rotation_down": 8.22,
        "downward_expansion": 19.84
      },
      "activity_lines": [
        5.177333,
        5.008182,
        4.789907,
        4.641578
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 5.35,
    "trend_reference": 4.429828,
    "distance_from_trend": 0.207722,
    "trend_direction": "Improving",
    "fair_value": 4.206256,
    "distance_from_fair_value": 0.271915,
    "fair_value_direction": "Improving",
    "relative_strength": 11.536411,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.390171,
    "excess_performance": 0.197846,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.207722,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.088065,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.271915,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.19862,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.115364,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.119138,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.390171,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.0,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1141900,
      "relative_activity": 1.442039,
      "balance": 5.0,
      "dry_up": 1.112658,
      "accumulation_observations": 5,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.025881,
      "annualized_volatility": 0.14407,
      "from_high_reference": -0.018349,
      "from_low_reference": 0.447497
    },
    "levels": {
      "trend_reference": 4.429828,
      "fair_value_reference": 4.206256,
      "structural_low": 3.829397,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 21,
        "median_return": 0.001909,
        "positive_rate": 0.52381,
        "directional_follow_through": 0.52381,
        "median_excess_return": 0.006626,
        "regime_survival": 0.714286,
        "best_return": 0.11393,
        "worst_return": -0.141732,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.005255,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.04295,
        "regime_survival": 0.375,
        "best_return": 0.219199,
        "worst_return": -0.07563,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.000328,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.087124,
        "regime_survival": 0.2,
        "best_return": 0.126991,
        "worst_return": -0.041923,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.036575,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.105691,
        "regime_survival": 0.0,
        "best_return": 0.299782,
        "worst_return": -0.145428,
        "sufficient": false
      }
    ],
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        "start": "2023-08-18",
        "end": "2023-10-06",
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        "return": -0.009584,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2023-12-01",
        "tenure": "Developing",
        "return": -0.009434,
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      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
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      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2024-05-17",
        "tenure": "New",
        "return": -0.009709,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2024-06-07",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-08-30",
        "tenure": "Developing",
        "return": 0.062057,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "return": 0.0,
        "active": false
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      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
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        "regime": "deceleration",
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        "color": "amber",
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        "end": "2025-02-21",
        "tenure": "Established",
        "return": 0.01,
        "active": false
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        "regime": "balance",
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        "active": true
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      },
      {
        "date": "2026-07-03",
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      },
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      },
      {
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        "typical_volume": 817875.0,
        "trend": 4.287925,
        "fair_value": 4.18656,
        "relative_strength": 2.992405,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
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        "energy": 96.427773,
        "activity_lines": [
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          4.470546
        ]
      },
      {
        "date": "2026-07-24",
        "close": 5.15,
        "volume": 966700,
        "typical_volume": 790940.0,
        "trend": 4.333216,
        "fair_value": 4.193118,
        "relative_strength": 5.914641,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 93.747788,
        "energy": 97.221106,
        "activity_lines": [
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          4.526164
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      },
      {
        "date": "2026-07-31",
        "close": 5.15,
        "volume": 524600,
        "typical_volume": 798090.0,
        "trend": 4.377871,
        "fair_value": 4.199172,
        "relative_strength": 6.884089,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 85.943483,
        "energy": 94.282601,
        "activity_lines": [
          5.060667,
          4.904545,
          4.715911,
          4.57886
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.35,
        "volume": 1141900,
        "typical_volume": 791865.0,
        "trend": 4.429828,
        "fair_value": 4.206256,
        "relative_strength": 11.536411,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 93.210758,
        "energy": 93.107726,
        "activity_lines": [
          5.177333,
          5.008182,
          4.789907,
          4.641578
        ]
      }
    ],
    "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."
    }
  }
}