{
  "ticker": {
    "uuid": "bae20100-f231-46bc-a40e-c06188d8ba3b",
    "symbol": "BCH",
    "name": "Bangkok Chain 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": 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": 88.452,
    "architecture_energy": 83.693,
    "architecture_maturity": 13.578,
    "architecture_confidence": 58.997,
    "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": 17.23,
        "rotation_up": 82.83,
        "upward_expansion": 92.82,
        "deceleration": 42.54,
        "rotation_down": 8.71,
        "downward_expansion": 17.15
      },
      "activity_lines": [
        10.6,
        10.310909,
        9.931787,
        9.831671
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 11.2,
    "trend_reference": 9.784018,
    "distance_from_trend": 0.144724,
    "trend_direction": "Improving",
    "fair_value": 14.491305,
    "distance_from_fair_value": -0.227123,
    "fair_value_direction": "Improving",
    "relative_strength": -7.737547,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.145071,
    "excess_performance": -0.047254,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.144724,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.00406,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.227123,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.154177,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.077375,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.217002,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.145071,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.187042,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 100382400,
      "relative_activity": 2.363747,
      "balance": 2.187042,
      "dry_up": 1.719943,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.044643,
      "annualized_volatility": 0.345884,
      "from_high_reference": -0.198394,
      "from_low_reference": 0.257089
    },
    "levels": {
      "trend_reference": 9.784018,
      "fair_value_reference": 14.491305,
      "structural_low": 8.909474,
      "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": 14,
        "median_return": -0.023984,
        "positive_rate": 0.214286,
        "directional_follow_through": 0.214286,
        "median_excess_return": -0.018532,
        "regime_survival": 0.571429,
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        "worst_return": -0.1681,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "positive_rate": 0.285714,
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        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
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        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": -0.152092,
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      {
        "regime": "downward_expansion",
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      },
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      },
      {
        "date": "2026-07-24",
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        "relative_strength": -19.990905,
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        "modifier": "Emerging rotation",
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      },
      {
        "date": "2026-07-31",
        "close": 10.3,
        "volume": 21157900,
        "typical_volume": 40091905.0,
        "trend": 9.730263,
        "fair_value": 14.528101,
        "relative_strength": -16.561053,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 64.492333,
        "energy": 68.37296,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 11.2,
        "volume": 100382400,
        "typical_volume": 42467490.0,
        "trend": 9.784018,
        "fair_value": 14.491305,
        "relative_strength": -7.737547,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 88.451546,
        "energy": 83.693089,
        "activity_lines": [
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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."
    }
  }
}