{
  "ticker": {
    "uuid": "cac37b56-d685-482e-ab9f-4004d19d3f0c",
    "symbol": "WINMED",
    "name": "Winnergy Medical 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": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "mixed",
    "architecture_direction": 33.647,
    "architecture_energy": 38.989,
    "architecture_maturity": 100.0,
    "architecture_confidence": 76.722,
    "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": 35.61,
        "rotation_up": 70.31,
        "upward_expansion": 43.93,
        "deceleration": 39.87,
        "rotation_down": 16.74,
        "downward_expansion": 18.93
      },
      "activity_lines": [
        0.906,
        0.863455,
        0.856095,
        0.865282
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.5
    },
    "latest_close": 0.94,
    "trend_reference": 0.878772,
    "distance_from_trend": 0.069675,
    "trend_direction": "Weakening",
    "fair_value": 1.728304,
    "distance_from_fair_value": -0.456114,
    "fair_value_direction": "Improving",
    "relative_strength": -20.276401,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.095851,
    "excess_performance": -0.096474,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.069675,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.057488,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.456114,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.094947,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.202764,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.120473,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.095851,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.082255,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 614100,
      "relative_activity": 1.399387,
      "balance": 2.082255,
      "dry_up": 1.561008,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.063011,
      "annualized_volatility": 0.314039,
      "from_high_reference": -0.346993,
      "from_low_reference": 0.381725
    },
    "levels": {
      "trend_reference": 0.878772,
      "fair_value_reference": 1.728304,
      "structural_low": 0.75,
      "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": 37,
        "median_return": -0.02924,
        "positive_rate": 0.324324,
        "directional_follow_through": 0.648649,
        "median_excess_return": -0.035863,
        "regime_survival": 0.891892,
        "best_return": 0.22807,
        "worst_return": -0.208333,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 12,
        "median_return": -0.09811,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.081217,
        "regime_survival": 0.75,
        "best_return": 0.177143,
        "worst_return": -0.311024,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.206896,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.178592,
        "regime_survival": 0.857143,
        "best_return": -0.146552,
        "worst_return": -0.35733,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.376249,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.327485,
        "regime_survival": 0.666667,
        "best_return": -0.304113,
        "worst_return": -0.451515,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2023-04-28",
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        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-05-05",
        "end": "2024-02-09",
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      {
        "regime": "balance",
        "label": "Balance",
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        "return": -0.026144,
        "active": false
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      {
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "return": -0.063636,
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-12-06",
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        "return": -0.106796,
        "active": false
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      {
        "regime": "downward_expansion",
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        "end": "2024-12-20",
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        "return": 0.0,
        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "return": -0.198895,
        "active": false
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-07-18",
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        "active": false
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      {
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        "return": -0.034965,
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      {
        "regime": "upward_expansion",
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        "end": "2025-09-12",
        "tenure": "New",
        "return": -0.007299,
        "active": false
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      {
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        "activity_lines": [
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      },
      {
        "date": "2026-04-17",
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        "date": "2026-05-01",
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        "date": "2026-05-08",
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        "date": "2026-05-22",
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        "date": "2026-05-29",
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        "date": "2026-06-05",
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      {
        "date": "2026-07-03",
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      {
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      },
      {
        "date": "2026-07-17",
        "close": 0.9,
        "volume": 1190700,
        "typical_volume": 390520.0,
        "trend": 0.884724,
        "fair_value": 1.773527,
        "relative_strength": -28.070098,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -25.469775,
        "energy": 20.464943,
        "activity_lines": [
          0.828667,
          0.818182,
          0.841963,
          0.85992
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      },
      {
        "date": "2026-07-24",
        "close": 0.9,
        "volume": 447200,
        "typical_volume": 393780.0,
        "trend": 0.882516,
        "fair_value": 1.758306,
        "relative_strength": -27.153075,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -11.103738,
        "energy": 17.347903,
        "activity_lines": [
          0.858667,
          0.831818,
          0.84575,
          0.860906
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.89,
        "volume": 488100,
        "typical_volume": 415145.0,
        "trend": 0.879646,
        "fair_value": 1.743145,
        "relative_strength": -26.025924,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -11.001853,
        "energy": 25.585722,
        "activity_lines": [
          0.878,
          0.843273,
          0.848571,
          0.861389
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.94,
        "volume": 614100,
        "typical_volume": 438835.0,
        "trend": 0.878772,
        "fair_value": 1.728304,
        "relative_strength": -20.276401,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 33.646991,
        "energy": 38.989051,
        "activity_lines": [
          0.906,
          0.863455,
          0.856095,
          0.865282
        ]
      }
    ],
    "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."
    }
  }
}