{
  "ticker": {
    "uuid": "c9f2f932-2f68-45fd-9a90-cb6a12697e3c",
    "symbol": "SST",
    "name": "Sub Sri Thai 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -36.9,
    "architecture_energy": 22.803,
    "architecture_maturity": 100.0,
    "architecture_confidence": 70.43,
    "architecture_tenure": "Extended",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 42.18,
        "rotation_up": 27.82,
        "upward_expansion": 20.78,
        "deceleration": 46.61,
        "rotation_down": 23.9,
        "downward_expansion": 57.12
      },
      "activity_lines": [
        1.024667,
        1.010545,
        1.024,
        1.066022
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 1.02,
    "trend_reference": 1.123333,
    "distance_from_trend": -0.091988,
    "trend_direction": "Weakening",
    "fair_value": 3.197164,
    "distance_from_fair_value": -0.680967,
    "fair_value_direction": "Improving",
    "relative_strength": -33.837615,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.15,
    "excess_performance": -0.342325,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.091988,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.121022,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.680967,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.027761,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.338376,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.074293,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.15,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.911945,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 10000,
      "relative_activity": 0.252908,
      "balance": 1.911945,
      "dry_up": 1.219019,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.051282,
      "annualized_volatility": 0.440287,
      "from_high_reference": -0.49,
      "from_low_reference": 0.133333
    },
    "levels": {
      "trend_reference": 1.123333,
      "fair_value_reference": 3.197164,
      "structural_low": 0.9,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 34,
        "median_return": -0.038823,
        "positive_rate": 0.264706,
        "directional_follow_through": 0.705882,
        "median_excess_return": -0.031643,
        "regime_survival": 0.970588,
        "best_return": 0.134361,
        "worst_return": -0.365169,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.164271,
        "positive_rate": 0.2,
        "directional_follow_through": 0.8,
        "median_excess_return": -0.181782,
        "regime_survival": 0.9,
        "best_return": 0.155556,
        "worst_return": -0.349515,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.280488,
        "positive_rate": 0.2,
        "directional_follow_through": 0.8,
        "median_excess_return": -0.349694,
        "regime_survival": 0.8,
        "best_return": 0.157761,
        "worst_return": -0.464,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.370828,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.282139,
        "regime_survival": 0.5,
        "best_return": -0.069656,
        "worst_return": -0.672,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2021-09-10",
        "end": "2022-02-11",
        "tenure": "Established",
        "return": 0.160714,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2022-02-18",
        "end": "2022-04-15",
        "tenure": "Developing",
        "return": 0.028571,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2022-04-22",
        "end": "2022-10-21",
        "tenure": "Extended",
        "return": 0.154562,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2022-10-28",
        "end": "2022-12-30",
        "tenure": "Developing",
        "return": 0.10014,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-01-06",
        "end": "2023-01-27",
        "tenure": "New",
        "return": -0.045113,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-02-03",
        "end": "2023-04-28",
        "tenure": "Established",
        "return": -0.015504,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2023-05-05",
        "end": "2023-05-12",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-05-19",
        "end": "2024-01-12",
        "tenure": "Extended",
        "return": -0.107143,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-01-19",
        "end": "2024-02-23",
        "tenure": "Developing",
        "return": 0.081633,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-03-01",
        "end": "2024-03-29",
        "tenure": "Developing",
        "return": -0.018868,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-04-05",
        "end": "2024-04-19",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-04-26",
        "end": "2024-05-31",
        "tenure": "Developing",
        "return": -0.017176,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-07",
        "end": "2024-08-23",
        "tenure": "Developing",
        "return": -0.019417,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-30",
        "end": "2026-08-07",
        "tenure": "Extended",
        "return": -0.796,
        "active": true
      }
    ],
    "chart_path": [
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        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -55.44829,
        "energy": 33.468627,
        "activity_lines": [
          1.198,
          1.209636,
          1.238571,
          1.291097
        ]
      },
      {
        "date": "2026-05-01",
        "close": 1.11,
        "volume": 47900,
        "typical_volume": 58055.0,
        "trend": 1.354667,
        "fair_value": 3.634938,
        "relative_strength": -38.488209,
        "stage": 4,
        "regime": "downward_expansion",
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        "gate": "down",
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        "energy": 43.805018,
        "activity_lines": [
          1.165333,
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          1.222286,
          1.274215
        ]
      },
      {
        "date": "2026-05-08",
        "close": 1.05,
        "volume": 37900,
        "typical_volume": 59830.0,
        "trend": 1.335333,
        "fair_value": 3.60488,
        "relative_strength": -41.266937,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.522166,
        "energy": 55.642987,
        "activity_lines": [
          1.121333,
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          1.201905,
          1.254559
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      },
      {
        "date": "2026-05-15",
        "close": 1.0,
        "volume": 28200,
        "typical_volume": 61155.0,
        "trend": 1.316,
        "fair_value": 3.575462,
        "relative_strength": -43.853916,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.84685,
        "energy": 73.867264,
        "activity_lines": [
          1.072667,
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          1.178667,
          1.232925
        ]
      },
      {
        "date": "2026-05-22",
        "close": 1.02,
        "volume": 9400,
        "typical_volume": 61580.0,
        "trend": 1.297,
        "fair_value": 3.543932,
        "relative_strength": -42.62269,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.530407,
        "energy": 76.862698,
        "activity_lines": [
          1.043333,
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          1.159524,
          1.213828
        ]
      },
      {
        "date": "2026-05-29",
        "close": 1.0,
        "volume": 11800,
        "typical_volume": 57435.0,
        "trend": 1.278,
        "fair_value": 3.511954,
        "relative_strength": -43.913458,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.570501,
        "energy": 78.381878,
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          1.194667
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      },
      {
        "date": "2026-06-05",
        "close": 1.02,
        "volume": 3400,
        "typical_volume": 56880.0,
        "trend": 1.260667,
        "fair_value": 3.479464,
        "relative_strength": -42.373208,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.325026,
        "energy": 77.160168,
        "activity_lines": [
          1.014,
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          1.125,
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      },
      {
        "date": "2026-06-12",
        "close": 0.99,
        "volume": 6000,
        "typical_volume": 56840.0,
        "trend": 1.244333,
        "fair_value": 3.446462,
        "relative_strength": -43.396656,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.200113,
        "energy": 70.336365,
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      },
      {
        "date": "2026-06-19",
        "close": 0.96,
        "volume": 50000,
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        "relative_strength": -43.293334,
        "stage": 4,
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        "gate": "down",
        "direction": -75.027546,
        "energy": 80.931153,
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          1.142215
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      },
      {
        "date": "2026-06-26",
        "close": 0.97,
        "volume": 17600,
        "typical_volume": 59730.0,
        "trend": 1.207,
        "fair_value": 3.383657,
        "relative_strength": -40.662465,
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        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.701845,
        "energy": 81.326577,
        "activity_lines": [
          0.98,
          1.000909,
          1.072048,
          1.12572
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      },
      {
        "date": "2026-07-03",
        "close": 0.96,
        "volume": 23700,
        "typical_volume": 30375.0,
        "trend": 1.19,
        "fair_value": 3.352062,
        "relative_strength": -42.641288,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.516336,
        "energy": 85.57341,
        "activity_lines": [
          0.970667,
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          1.055619,
          1.109785
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      },
      {
        "date": "2026-07-10",
        "close": 1.03,
        "volume": 221300,
        "typical_volume": 37350.0,
        "trend": 1.176,
        "fair_value": 3.321556,
        "relative_strength": -37.625115,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.185718,
        "energy": 63.937815,
        "activity_lines": [
          0.987333,
          0.992182,
          1.047905,
          1.099462
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      },
      {
        "date": "2026-07-17",
        "close": 1.03,
        "volume": 137600,
        "typical_volume": 42420.0,
        "trend": 1.162,
        "fair_value": 3.29073,
        "relative_strength": -37.177922,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.340039,
        "energy": 42.761254,
        "activity_lines": [
          1.003333,
          0.997636,
          1.041429,
          1.090043
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.02,
        "volume": 16800,
        "typical_volume": 41200.0,
        "trend": 1.147333,
        "fair_value": 3.25952,
        "relative_strength": -36.98412,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.456718,
        "energy": 34.523968,
        "activity_lines": [
          1.013333,
          1.001636,
          1.034714,
          1.080882
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.03,
        "volume": 28400,
        "typical_volume": 41830.0,
        "trend": 1.133,
        "fair_value": 3.228374,
        "relative_strength": -34.708164,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -38.991318,
        "energy": 25.705629,
        "activity_lines": [
          1.022667,
          1.007091,
          1.029619,
          1.073312
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.02,
        "volume": 10000,
        "typical_volume": 39540.0,
        "trend": 1.123333,
        "fair_value": 3.197164,
        "relative_strength": -33.837615,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -36.899784,
        "energy": 22.802713,
        "activity_lines": [
          1.024667,
          1.010545,
          1.024,
          1.066022
        ]
      }
    ],
    "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."
    }
  }
}