{
  "ticker": {
    "uuid": "cd4c55e9-629a-425b-89fa-5c90af8a4aa5",
    "symbol": "PSH",
    "name": "Pruksa Holding 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": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 79.894,
    "architecture_energy": 92.353,
    "architecture_maturity": 11.168,
    "architecture_confidence": 64.501,
    "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": 17.72,
        "rotation_up": 86.69,
        "upward_expansion": 99.99,
        "deceleration": 39.0,
        "rotation_down": 8.01,
        "downward_expansion": 21.99
      },
      "activity_lines": [
        3.916,
        3.757818,
        3.623333,
        3.593607
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 3.98,
    "trend_reference": 3.57077,
    "distance_from_trend": 0.114606,
    "trend_direction": "Improving",
    "fair_value": 6.807556,
    "distance_from_fair_value": -0.415356,
    "fair_value_direction": "Improving",
    "relative_strength": -7.087448,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.140076,
    "excess_performance": -0.052249,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.114606,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.005939,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.415356,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.119285,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.070874,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.158443,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.140076,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.697387,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 4258700,
      "relative_activity": 1.475345,
      "balance": 2.697387,
      "dry_up": 2.072496,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.036336,
      "annualized_volatility": 0.251827,
      "from_high_reference": -0.124147,
      "from_low_reference": 0.191617
    },
    "levels": {
      "trend_reference": 3.57077,
      "fair_value_reference": 6.807556,
      "structural_low": 3.34,
      "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": 10,
        "median_return": -0.012773,
        "positive_rate": 0.3,
        "directional_follow_through": 0.3,
        "median_excess_return": 0.006294,
        "regime_survival": 0.6,
        "best_return": 0.031618,
        "worst_return": -0.036765,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.014822,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.03878,
        "regime_survival": 0.0,
        "best_return": 0.051852,
        "worst_return": -0.05887,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.017868,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.081607,
        "regime_survival": 0.0,
        "best_return": 0.039515,
        "worst_return": -0.031866,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.030459,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.065131,
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        "worst_return": -0.04635,
        "sufficient": false
      }
    ],
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2023-11-10",
        "tenure": "Developing",
        "return": -0.03876,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2023-12-15",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2024-09-20",
        "tenure": "Established",
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      },
      {
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "start": "2024-11-08",
        "end": "2025-09-05",
        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
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      {
        "regime": "downward_expansion",
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      },
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      },
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        "date": "2026-06-05",
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      {
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      },
      {
        "date": "2026-07-03",
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        "relative_strength": -21.420859,
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 2759435.0,
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        "fair_value": 6.997922,
        "relative_strength": -20.142244,
        "stage": 4,
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        "energy": 11.397574,
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      },
      {
        "date": "2026-07-17",
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        "volume": 13904700,
        "typical_volume": 3225155.0,
        "trend": 3.534987,
        "fair_value": 6.950039,
        "relative_strength": -10.937407,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 48.508199,
        "energy": 44.443766,
        "activity_lines": [
          3.638667,
          3.543636,
          3.503767,
          3.51877
        ]
      },
      {
        "date": "2026-07-24",
        "close": 3.9,
        "volume": 3858400,
        "typical_volume": 3014370.0,
        "trend": 3.54537,
        "fair_value": 6.90289,
        "relative_strength": -11.855788,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 48.02276,
        "energy": 66.245625,
        "activity_lines": [
          3.754667,
          3.617091,
          3.542286,
          3.542319
        ]
      },
      {
        "date": "2026-07-31",
        "close": 3.92,
        "volume": 1907900,
        "typical_volume": 2878015.0,
        "trend": 3.55967,
        "fair_value": 6.854751,
        "relative_strength": -9.739721,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "up",
        "direction": 78.857103,
        "energy": 89.429552,
        "activity_lines": [
          3.844,
          3.686182,
          3.580762,
          3.566489
        ]
      },
      {
        "date": "2026-08-07",
        "close": 3.98,
        "volume": 4258700,
        "typical_volume": 2886580.0,
        "trend": 3.57077,
        "fair_value": 6.807556,
        "relative_strength": -7.087448,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.894327,
        "energy": 92.352535,
        "activity_lines": [
          3.916,
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          3.623333,
          3.593607
        ]
      }
    ],
    "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."
    }
  }
}