{
  "ticker": {
    "uuid": "c89e0d48-1834-4b3a-9c23-44f26c1f805e",
    "symbol": "SONIC",
    "name": "Sonic Interfreight 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": 76.852,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 55.933,
    "architecture_energy": 39.021,
    "architecture_maturity": 7.121,
    "architecture_confidence": 72.687,
    "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": 31.67,
        "rotation_up": 54.23,
        "upward_expansion": 79.21,
        "deceleration": 52.27,
        "rotation_down": 16.8,
        "downward_expansion": 5.88
      },
      "activity_lines": [
        1.530667,
        1.521818,
        1.515476,
        1.502967
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 1.54,
    "trend_reference": 1.482173,
    "distance_from_trend": 0.039015,
    "trend_direction": "Improving",
    "fair_value": 1.505467,
    "distance_from_fair_value": 0.022939,
    "fair_value_direction": "Improving",
    "relative_strength": -8.981899,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.098744,
    "excess_performance": -0.093581,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.039015,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.017408,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.022939,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.017991,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.089819,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.010626,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.098744,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.617173,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 1426900,
      "relative_activity": 0.529664,
      "balance": 0.617173,
      "dry_up": 1.062503,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.032967,
      "annualized_volatility": 0.110864,
      "from_high_reference": -0.031447,
      "from_low_reference": 0.16244
    },
    "levels": {
      "trend_reference": 1.482173,
      "fair_value_reference": 1.505467,
      "structural_low": 1.3248,
      "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": 9,
        "median_return": -0.055901,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.03773,
        "regime_survival": 0.444444,
        "best_return": 0.294643,
        "worst_return": -0.103448,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
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        "positive_rate": 0.4,
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        "median_excess_return": -0.049099,
        "regime_survival": 0.0,
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        "worst_return": -0.11403,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.05924,
        "regime_survival": 0.0,
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        "worst_return": -0.140121,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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        "regime_survival": 0.333333,
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        "worst_return": -0.28007,
        "sufficient": false
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        "regime": "rotation_down",
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "volume": 3522600,
        "typical_volume": 3002915.0,
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        "fair_value": 1.505039,
        "relative_strength": -11.36608,
        "stage": 3,
        "regime": "deceleration",
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      },
      {
        "date": "2026-07-31",
        "close": 1.53,
        "volume": 937900,
        "typical_volume": 2982080.0,
        "trend": 1.47948,
        "fair_value": 1.505048,
        "relative_strength": -10.530165,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 51.96756,
        "energy": 32.572046,
        "activity_lines": [
          1.523333,
          1.516727,
          1.512095,
          1.499062
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      },
      {
        "date": "2026-08-07",
        "close": 1.54,
        "volume": 1426900,
        "typical_volume": 2693970.0,
        "trend": 1.482173,
        "fair_value": 1.505467,
        "relative_strength": -8.981899,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 55.93295,
        "energy": 39.021313,
        "activity_lines": [
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          1.515476,
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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."
    }
  }
}