{
  "ticker": {
    "uuid": "ca76465f-20f2-4d4d-baf4-133619660cfc",
    "symbol": "TOG",
    "name": "Thai Optical 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": 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": 78.577,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 66.955,
    "architecture_energy": 65.193,
    "architecture_maturity": 30.042,
    "architecture_confidence": 61.879,
    "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": 5.24,
        "rotation_up": 73.54,
        "upward_expansion": 87.36,
        "deceleration": 56.03,
        "rotation_down": 13.68,
        "downward_expansion": 11.69
      },
      "activity_lines": [
        7.53,
        7.42,
        7.174555,
        7.018794
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.833333
    },
    "latest_close": 7.3,
    "trend_reference": 6.808841,
    "distance_from_trend": 0.072136,
    "trend_direction": "Improving",
    "fair_value": 8.2347,
    "distance_from_fair_value": -0.113507,
    "fair_value_direction": "Improving",
    "relative_strength": -6.519253,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.147642,
    "excess_performance": -0.044683,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.072136,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.043049,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.113507,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.080014,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.065193,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.062951,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.147642,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.000496,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 1790300,
      "relative_activity": 3.304935,
      "balance": 1.000496,
      "dry_up": 1.104983,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.032666,
      "annualized_volatility": 0.237241,
      "from_high_reference": -0.058065,
      "from_low_reference": 0.221091
    },
    "levels": {
      "trend_reference": 6.808841,
      "fair_value_reference": 8.2347,
      "structural_low": 6.169565,
      "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": 19,
        "median_return": 0.007194,
        "positive_rate": 0.526316,
        "directional_follow_through": 0.526316,
        "median_excess_return": 0.019643,
        "regime_survival": 0.631579,
        "best_return": 0.161055,
        "worst_return": -0.107438,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.012664,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": -0.006663,
        "regime_survival": 0.285714,
        "best_return": 0.311562,
        "worst_return": -0.166667,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.021858,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.023498,
        "regime_survival": 0.2,
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        "worst_return": -0.197522,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
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        "regime_survival": 0.333333,
        "best_return": 0.340599,
        "worst_return": -0.070161,
        "sufficient": false
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        "end": "2023-10-20",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "regime": "rotation_down",
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        "active": false
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      {
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        "active": false
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "volume": 122000,
        "typical_volume": 570650.0,
        "trend": 6.602536,
        "fair_value": 8.306847,
        "relative_strength": -8.831022,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 86.859786,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 8.297551,
        "relative_strength": -5.147463,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 92.233239,
        "energy": 94.566121,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 213500,
        "typical_volume": 523560.0,
        "trend": 6.685217,
        "fair_value": 8.283742,
        "relative_strength": -5.11186,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 87.717021,
        "energy": 94.720652,
        "activity_lines": [
          7.43,
          7.215455,
          6.989244,
          6.862959
        ]
      },
      {
        "date": "2026-07-24",
        "close": 7.65,
        "volume": 221000,
        "typical_volume": 494550.0,
        "trend": 6.728188,
        "fair_value": 8.268859,
        "relative_strength": -4.918844,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.373482,
        "energy": 92.231837,
        "activity_lines": [
          7.55,
          7.322727,
          7.066822,
          6.925203
        ]
      },
      {
        "date": "2026-07-31",
        "close": 7.65,
        "volume": 169500,
        "typical_volume": 480160.0,
        "trend": 6.771159,
        "fair_value": 8.251827,
        "relative_strength": -3.235059,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 73.025861,
        "energy": 89.801323,
        "activity_lines": [
          7.62,
          7.411818,
          7.139627,
          6.984675
        ]
      },
      {
        "date": "2026-08-07",
        "close": 7.3,
        "volume": 1790300,
        "typical_volume": 541705.0,
        "trend": 6.808841,
        "fair_value": 8.2347,
        "relative_strength": -6.519253,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 66.954915,
        "energy": 65.192974,
        "activity_lines": [
          7.53,
          7.42,
          7.174555,
          7.018794
        ]
      }
    ],
    "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."
    }
  }
}