{ "ticker": { "uuid": "b7864c5e-0ea0-4040-8f4f-b1c36a9e7645", "symbol": "HENG", "name": "Heng Leasing and Capital 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": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 64.504, "architecture_energy": 56.172, "architecture_maturity": 7.657, "architecture_confidence": 73.552, "architecture_tenure": "New", "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": 24.05, "rotation_up": 65.94, "upward_expansion": 86.66, "deceleration": 44.5, "rotation_down": 13.31, "downward_expansion": 10.99 }, "activity_lines": [ 0.964667, 0.950909, 0.927667, 0.917913 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 0.98, "trend_reference": 0.915282, "distance_from_trend": 0.070709, "trend_direction": "Improving", "fair_value": 1.23147, "distance_from_fair_value": -0.204203, "fair_value_direction": "Improving", "relative_strength": -11.930672, "relative_strength_direction": "Improving", "price_momentum": 0.048584, "excess_performance": -0.143741, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.070709, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.002743, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.204203, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.157038, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.119307, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.110041, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.048584, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.751431, "read": "Demand-led" } ], "volume": { "latest": 41379800, "relative_activity": 2.513001, "balance": 3.751431, "dry_up": 2.102969, "accumulation_observations": 5, "distribution_observations": 1 }, "risk": { "range_context": 0.06044, "annualized_volatility": 0.284579, "from_high_reference": -0.219659, "from_low_reference": 0.180723 }, "levels": { "trend_reference": 0.915282, "fair_value_reference": 1.23147, "structural_low": 0.83, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 1, "median_return": -0.063637, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.091141, "regime_survival": 0.0, "best_return": -0.063637, "worst_return": -0.063637, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 1, "median_return": -0.127273, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.112031, "regime_survival": 0.0, "best_return": -0.127273, "worst_return": -0.127273, "sufficient": false }, { "horizon": "Extended", "sample_count": 1, "median_return": -0.206267, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.337889, "regime_survival": 0.0, "best_return": -0.206267, "worst_return": -0.206267, "sufficient": false }, { "horizon": "Full cycle", 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"activity_lines": [ 0.924, 0.921455, 0.901732, 0.904218 ] }, { "date": "2026-07-17", "close": 0.97, "volume": 27331600, "typical_volume": 11971225.0, "trend": 0.911759, "fair_value": 1.254247, "relative_strength": -15.432837, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 38.545757, "energy": 31.62461, "activity_lines": [ 0.940667, 0.932182, 0.908952, 0.90803 ] }, { "date": "2026-07-24", "close": 0.94, "volume": 51169100, "typical_volume": 14106345.0, "trend": 0.911939, "fair_value": 1.246505, "relative_strength": -17.80185, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 25.275209, "energy": 25.520452, "activity_lines": [ 0.943333, 0.935455, 0.913286, 0.909852 ] }, { "date": "2026-07-31", "close": 0.97, "volume": 18631900, "typical_volume": 14674655.0, "trend": 0.913119, "fair_value": 1.239185, "relative_strength": -13.815149, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "up", "direction": 61.487447, "energy": 44.23218, "activity_lines": [ 0.954, 0.943091, 0.92019, 0.913598 ] }, { "date": "2026-08-07", "close": 0.98, "volume": 41379800, "typical_volume": 16466290.0, "trend": 0.915282, "fair_value": 1.23147, "relative_strength": -11.930672, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 64.504126, "energy": 56.172309, "activity_lines": [ 0.964667, 0.950909, 0.927667, 0.917913 ] } ], "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." } } }