{
  "ticker": {
    "uuid": "bec767d5-f719-4a89-8ba6-e344b477b345",
    "symbol": "VNG",
    "name": "Vanachai Group 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": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 58.612,
    "architecture_energy": 59.442,
    "architecture_maturity": 7.528,
    "architecture_confidence": 63.815,
    "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": 26.59,
        "rotation_up": 70.3,
        "upward_expansion": 87.87,
        "deceleration": 43.09,
        "rotation_down": 9.81,
        "downward_expansion": 12.21
      },
      "activity_lines": [
        2.076,
        2.039091,
        2.013095,
        2.004108
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 2.06,
    "trend_reference": 1.973,
    "distance_from_trend": 0.044095,
    "trend_direction": "Improving",
    "fair_value": 2.74015,
    "distance_from_fair_value": -0.248216,
    "fair_value_direction": "Improving",
    "relative_strength": -9.354956,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.03,
    "excess_performance": -0.162325,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.044095,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.030646,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.248216,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.048804,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.09355,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.018448,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.03,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.699786,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 807600,
      "relative_activity": 1.1142,
      "balance": 0.699786,
      "dry_up": 1.16842,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.046303,
      "annualized_volatility": 0.211838,
      "from_high_reference": -0.096491,
      "from_low_reference": 0.256098
    },
    "levels": {
      "trend_reference": 1.973,
      "fair_value_reference": 2.74015,
      "structural_low": 1.82,
      "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": 7,
        "median_return": -0.048544,
        "positive_rate": 0.285714,
        "directional_follow_through": 0.285714,
        "median_excess_return": -0.073915,
        "regime_survival": 0.571429,
        "best_return": 0.197452,
        "worst_return": -0.123595,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.046607,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.111227,
        "regime_survival": 0.25,
        "best_return": 0.190986,
        "worst_return": -0.163935,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.173613,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.101793,
        "regime_survival": 0.0,
        "best_return": 0.045281,
        "worst_return": -0.392507,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.225685,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.191435,
        "regime_survival": 0.0,
        "best_return": -0.030997,
        "worst_return": -0.420373,
        "sufficient": false
      }
    ],
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        "regime": "rotation_up",
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        "end": "2024-06-14",
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        "regime": "balance",
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        "color": "blue",
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-08-23",
        "tenure": "Developing",
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      {
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      {
        "regime": "upward_expansion",
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-22",
        "end": "2025-09-12",
        "tenure": "Extended",
        "return": -0.35805,
        "active": false
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      {
        "regime": "balance",
        "label": "Balance",
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        "label": "Downward Expansion",
        "color": "red",
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      {
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "volume": 326800,
        "typical_volume": 656250.0,
        "trend": 1.939,
        "fair_value": 2.777788,
        "relative_strength": -14.460448,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
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        "direction": 38.193515,
        "energy": 27.583458,
        "activity_lines": [
          1.996667,
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          1.984524,
          1.975355
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      },
      {
        "date": "2026-07-24",
        "close": 2.12,
        "volume": 2030800,
        "typical_volume": 696905.0,
        "trend": 1.951667,
        "fair_value": 2.765371,
        "relative_strength": -9.202826,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Re-acceleration watch",
        "gate": "up",
        "direction": 72.585447,
        "energy": 55.059688,
        "activity_lines": [
          2.041333,
          1.999455,
          1.996857,
          1.987032
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      },
      {
        "date": "2026-07-31",
        "close": 2.12,
        "volume": 222400,
        "typical_volume": 702395.0,
        "trend": 1.963667,
        "fair_value": 2.752953,
        "relative_strength": -7.735976,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 71.695755,
        "energy": 64.926533,
        "activity_lines": [
          2.072,
          2.026182,
          2.008238,
          1.997892
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.06,
        "volume": 807600,
        "typical_volume": 724825.0,
        "trend": 1.973,
        "fair_value": 2.74015,
        "relative_strength": -9.354956,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.611797,
        "energy": 59.441761,
        "activity_lines": [
          2.076,
          2.039091,
          2.013095,
          2.004108
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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."
    }
  }
}