{
  "ticker": {
    "uuid": "c710ef6f-4de8-448c-a020-8f1dfe11e73f",
    "symbol": "BJCHI",
    "name": "BJC Heavy Industries 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": 92.682,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 56.175,
    "architecture_energy": 41.344,
    "architecture_maturity": 47.471,
    "architecture_confidence": 68.67,
    "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": 21.42,
        "rotation_up": 44.13,
        "upward_expansion": 76.96,
        "deceleration": 63.43,
        "rotation_down": 26.76,
        "downward_expansion": 5.96
      },
      "activity_lines": [
        3.201333,
        3.193818,
        3.118762,
        2.982962
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 3.18,
    "trend_reference": 2.781524,
    "distance_from_trend": 0.143258,
    "trend_direction": "Improving",
    "fair_value": 3.854907,
    "distance_from_fair_value": -0.175077,
    "fair_value_direction": "Improving",
    "relative_strength": -2.004694,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.388391,
    "excess_performance": 0.196066,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.143258,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.107841,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.175077,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.158223,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.020047,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.164397,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.388391,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.895932,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 60900,
      "relative_activity": 0.130842,
      "balance": 1.895932,
      "dry_up": 0.310615,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.062893,
      "annualized_volatility": 0.491324,
      "from_high_reference": -0.109619,
      "from_low_reference": 0.57529
    },
    "levels": {
      "trend_reference": 2.781524,
      "fair_value_reference": 3.854907,
      "structural_low": 2.018676,
      "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": 13,
        "median_return": -0.011628,
        "positive_rate": 0.307692,
        "directional_follow_through": 0.307692,
        "median_excess_return": -0.052413,
        "regime_survival": 0.692308,
        "best_return": 0.112782,
        "worst_return": -0.22353,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.147887,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.167017,
        "regime_survival": 0.4,
        "best_return": 0.092307,
        "worst_return": -0.302325,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.106301,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.13472,
        "regime_survival": 0.0,
        "best_return": -0.069231,
        "worst_return": -0.305094,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.332058,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
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        "regime_survival": 0.0,
        "best_return": -0.233346,
        "worst_return": -0.430769,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-10-27",
        "end": "2024-02-23",
        "tenure": "Established",
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      },
      {
        "regime": "balance",
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        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2024-10-25",
        "tenure": "New",
        "return": -0.057554,
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      {
        "regime": "rotation_down",
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        "active": false
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        "regime": "downward_expansion",
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        "regime": "upward_expansion",
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      {
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        "date": "2026-04-17",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 489080.0,
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          3.190667,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 3.22,
        "volume": 163200,
        "typical_volume": 478213.75,
        "trend": 2.720258,
        "fair_value": 3.878113,
        "relative_strength": -3.53191,
        "stage": 1,
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        "modifier": "Re-accelerating",
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        "direction": 62.696402,
        "energy": 45.291433,
        "activity_lines": [
          3.197333,
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          3.075905,
          2.924223
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      },
      {
        "date": "2026-07-31",
        "close": 3.2,
        "volume": 85600,
        "typical_volume": 473920.0,
        "trend": 2.749283,
        "fair_value": 3.865877,
        "relative_strength": -2.572135,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 58.892377,
        "energy": 44.660425,
        "activity_lines": [
          3.201333,
          3.195636,
          3.100571,
          2.955174
        ]
      },
      {
        "date": "2026-08-07",
        "close": 3.18,
        "volume": 60900,
        "typical_volume": 465447.5,
        "trend": 2.781524,
        "fair_value": 3.854907,
        "relative_strength": -2.004694,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.17484,
        "energy": 41.344449,
        "activity_lines": [
          3.201333,
          3.193818,
          3.118762,
          2.982962
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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."
    }
  }
}