{ "ticker": { "uuid": "c9390cc4-7f25-4cab-a0cb-66f7ddf069d5", "symbol": "ERW", "name": "The Erawan 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": 2, "stage_name": "Advancing", "phase": "2c", "phase_label": "Stage 2C \u00b7 Late advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Established expansion", "architecture_gate": "up", "architecture_direction": 86.308, "architecture_energy": 88.273, "architecture_maturity": 38.0, "architecture_confidence": 83.747, "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": 9.26, "rotation_up": 78.27, "upward_expansion": 93.31, "deceleration": 44.95, "rotation_down": 10.43, "downward_expansion": 19.97 }, "activity_lines": [ 3.392, 3.248364, 3.051429, 2.937643 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 3.64, "trend_reference": 2.798514, "distance_from_trend": 0.30069, "trend_direction": "Improving", "fair_value": 3.404623, "distance_from_fair_value": 0.069135, "fair_value_direction": "Improving", "relative_strength": 20.052362, "relative_strength_direction": "Improving", "price_momentum": 0.345296, "excess_performance": 0.152971, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.30069, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.117441, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.069135, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.270055, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.200524, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.189974, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.345296, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 3.033851, "read": "Demand-led" } ], "volume": { "latest": 180357200, "relative_activity": 1.466845, "balance": 3.033851, "dry_up": 1.376391, "accumulation_observations": 6, "distribution_observations": 2 }, "risk": { "range_context": 0.064243, "annualized_volatility": 0.482483, "from_high_reference": -0.042105, "from_low_reference": 0.851447 }, "levels": { "trend_reference": 2.798514, "fair_value_reference": 3.404623, "structural_low": 2.277481, "invalidation": "A 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"fair_value": 3.423274, "relative_strength": 0.339283, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 58.990852, "energy": 53.451613, "activity_lines": [ 3.062667, 3.012727, 2.863847, 2.797454 ] }, { "date": "2026-07-24", "close": 3.2, "volume": 203363000, "typical_volume": 120972510.0, "trend": 2.713013, "fair_value": 3.415798, "relative_strength": 4.447218, "stage": 1, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 69.904814, "energy": 53.902216, "activity_lines": [ 3.109333, 3.058909, 2.906857, 2.830731 ] }, { "date": "2026-07-31", "close": 3.48, "volume": 164404200, "typical_volume": 122168545.0, "trend": 2.749852, "fair_value": 3.410355, "relative_strength": 14.453516, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 82.295261, "energy": 67.298645, "activity_lines": [ 3.236, 3.145818, 2.97381, 2.880214 ] }, { "date": "2026-08-07", "close": 3.64, "volume": 180357200, "typical_volume": 122955890.0, "trend": 2.798514, "fair_value": 3.404623, "relative_strength": 20.052362, "stage": 2, "regime": "upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 86.307574, "energy": 88.273077, "activity_lines": [ 3.392, 3.248364, 3.051429, 2.937643 ] } ], "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." } } }