{
  "ticker": {
    "uuid": "be426f31-8c97-41d8-9997-1019d61960b9",
    "symbol": "EKH",
    "name": "Ekachai Medical Care 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": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 88.303,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 67.124,
    "architecture_energy": 47.02,
    "architecture_maturity": 53.416,
    "architecture_confidence": 51.285,
    "architecture_tenure": "Developing",
    "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": 15.95,
        "rotation_up": 45.73,
        "upward_expansion": 78.05,
        "deceleration": 68.28,
        "rotation_down": 27.8,
        "downward_expansion": 7.05
      },
      "activity_lines": [
        5.02,
        5.011455,
        4.976416,
        4.925563
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 5.05,
    "trend_reference": 4.857945,
    "distance_from_trend": 0.039534,
    "trend_direction": "Improving",
    "fair_value": 5.613695,
    "distance_from_fair_value": -0.100414,
    "fair_value_direction": "Improving",
    "relative_strength": -11.199688,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.076781,
    "excess_performance": -0.115544,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.039534,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.020995,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.100414,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.03555,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.111997,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.047697,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.076781,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.592651,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 788400,
      "relative_activity": 0.582666,
      "balance": 0.592651,
      "dry_up": 0.873187,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.014471,
      "annualized_volatility": 0.081484,
      "from_high_reference": -0.075453,
      "from_low_reference": 0.094361
    },
    "levels": {
      "trend_reference": 4.857945,
      "fair_value_reference": 5.613695,
      "structural_low": 4.614563,
      "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": 15,
        "median_return": 0.0,
        "positive_rate": 0.466667,
        "directional_follow_through": 0.466667,
        "median_excess_return": 0.008648,
        "regime_survival": 0.666667,
        "best_return": 0.089286,
        "worst_return": -0.083333,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.062893,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.047405,
        "regime_survival": 0.2,
        "best_return": 0.128205,
        "worst_return": -0.116564,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.021405,
        "positive_rate": 0.75,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.041129,
        "regime_survival": 0.25,
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        "worst_return": -0.060302,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.073957,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.089872,
        "regime_survival": 0.333333,
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        "worst_return": -0.108515,
        "sufficient": false
      }
    ],
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      {
        "regime": "balance",
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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      {
        "regime": "downward_expansion",
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        "regime": "rotation_up",
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      },
      {
        "date": "2026-04-17",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": -14.150794,
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        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 70.459657,
        "energy": 56.315352,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 5.0,
        "volume": 1745000,
        "typical_volume": 1651815.0,
        "trend": 4.822757,
        "fair_value": 5.641059,
        "relative_strength": -15.226778,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.833683,
        "energy": 49.85383,
        "activity_lines": [
          5.015333,
          4.998,
          4.940521,
          4.890155
        ]
      },
      {
        "date": "2026-07-24",
        "close": 5.0,
        "volume": 1654900,
        "typical_volume": 1517750.0,
        "trend": 4.833722,
        "fair_value": 5.631298,
        "relative_strength": -14.8444,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 58.274719,
        "energy": 48.442985,
        "activity_lines": [
          5.014,
          5.000182,
          4.952285,
          4.90159
        ]
      },
      {
        "date": "2026-07-31",
        "close": 5.0,
        "volume": 537700,
        "typical_volume": 1386805.0,
        "trend": 4.844686,
        "fair_value": 5.622336,
        "relative_strength": -13.225712,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 56.350317,
        "energy": 43.951497,
        "activity_lines": [
          5.01,
          5.001273,
          4.962663,
          4.912317
        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.05,
        "volume": 788400,
        "typical_volume": 1353090.0,
        "trend": 4.857945,
        "fair_value": 5.613695,
        "relative_strength": -11.199688,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 67.12394,
        "energy": 47.020116,
        "activity_lines": [
          5.02,
          5.011455,
          4.976416,
          4.925563
        ]
      }
    ],
    "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."
    }
  }
}