{
  "ticker": {
    "uuid": "bff722f4-5460-4196-9857-1b8abe141e72",
    "symbol": "CMO",
    "name": "CMO 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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 56.109,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 23.107,
    "architecture_energy": 14.065,
    "architecture_maturity": 55.428,
    "architecture_confidence": 86.135,
    "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": 56.0,
        "rotation_up": 22.94,
        "upward_expansion": 57.85,
        "deceleration": 90.9,
        "rotation_down": 30.02,
        "downward_expansion": 14.85
      },
      "activity_lines": [
        0.718667,
        0.741273,
        0.719238,
        0.704237
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 0.68,
    "trend_reference": 0.656667,
    "distance_from_trend": 0.035533,
    "trend_direction": "Improving",
    "fair_value": 0.751427,
    "distance_from_fair_value": -0.095055,
    "fair_value_direction": "Improving",
    "relative_strength": 3.969814,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.7,
    "excess_performance": 0.507675,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.035533,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.216049,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.095055,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.046362,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.039698,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.047577,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.7,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.772135,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1984500,
      "relative_activity": 0.439516,
      "balance": 0.772135,
      "dry_up": 0.456531,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.147059,
      "annualized_volatility": 0.910438,
      "from_high_reference": -0.352381,
      "from_low_reference": 1.266667
    },
    "levels": {
      "trend_reference": 0.656667,
      "fair_value_reference": 0.751427,
      "structural_low": 0.36,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.060379,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.057999,
        "regime_survival": 0.75,
        "best_return": 1.962964,
        "worst_return": -0.307087,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
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        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
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        "regime_survival": 0.333333,
        "best_return": 3.489798,
        "worst_return": 0.051136,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 3.71939,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 3.697417,
        "regime_survival": 0.0,
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        "worst_return": 3.71939,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
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        "worst_return": 1.112246,
        "sufficient": false
      }
    ],
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        "tenure": "Established",
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      {
        "regime": "rotation_up",
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      },
      {
        "regime": "balance",
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      {
        "regime": "rotation_down",
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      },
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        "regime": "downward_expansion",
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      {
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      },
      {
        "date": "2026-07-17",
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        "stage": 2,
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        "direction": 57.783908,
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      },
      {
        "date": "2026-07-24",
        "close": 0.75,
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        "typical_volume": 7562865.0,
        "trend": 0.635667,
        "fair_value": 0.754778,
        "relative_strength": 12.813916,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 53.586584,
        "energy": 36.481355,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 0.71,
        "volume": 1687200,
        "typical_volume": 5646760.0,
        "trend": 0.646333,
        "fair_value": 0.752902,
        "relative_strength": 7.909401,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 37.664846,
        "energy": 21.270421,
        "activity_lines": [
          0.745333,
          0.750364,
          0.722619,
          0.702065
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      },
      {
        "date": "2026-08-07",
        "close": 0.68,
        "volume": 1984500,
        "typical_volume": 4515190.0,
        "trend": 0.656667,
        "fair_value": 0.751427,
        "relative_strength": 3.969814,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 23.106705,
        "energy": 14.064901,
        "activity_lines": [
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          0.741273,
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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."
    }
  }
}