{
  "ticker": {
    "uuid": "d242cefe-490e-4f9c-9a61-516189a7f914",
    "symbol": "A",
    "name": "Areeya Property 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": -63.797,
    "architecture_energy": 62.975,
    "architecture_maturity": 80.522,
    "architecture_confidence": 96,
    "architecture_tenure": "Established",
    "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": 10.87,
        "rotation_up": 29.37,
        "upward_expansion": 12.0,
        "deceleration": 53.43,
        "rotation_down": 50.46,
        "downward_expansion": 83.0
      },
      "activity_lines": [
        2.749333,
        2.778909,
        3.229714,
        3.627054
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 2.76,
    "trend_reference": 4.085333,
    "distance_from_trend": -0.324413,
    "trend_direction": "Weakening",
    "fair_value": 4.771731,
    "distance_from_fair_value": -0.421594,
    "fair_value_direction": "Weakening",
    "relative_strength": -46.803156,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.432099,
    "excess_performance": -0.624424,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.324413,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.144134,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.421594,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.395224,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.468032,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.316028,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.432099,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.014118,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 300,
      "relative_activity": 0.136986,
      "balance": 0.014118,
      "dry_up": 0.068493,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.116499,
      "annualized_volatility": 0.406947,
      "from_high_reference": -0.448,
      "from_low_reference": 0.022222
    },
    "levels": {
      "trend_reference": 4.085333,
      "fair_value_reference": 4.771731,
      "structural_low": 2.7,
      "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": 23,
        "median_return": 0.0,
        "positive_rate": 0.347826,
        "directional_follow_through": 0.391304,
        "median_excess_return": 0.010892,
        "regime_survival": 0.782609,
        "best_return": 0.041667,
        "worst_return": -0.316038,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.006065,
        "positive_rate": 0.375,
        "directional_follow_through": 0.625,
        "median_excess_return": 0.004441,
        "regime_survival": 0.625,
        "best_return": 0.008065,
        "worst_return": -0.438017,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.010999,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.031551,
        "regime_survival": 0.25,
        "best_return": 0.004032,
        "worst_return": -0.012245,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.009901,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.006259,
        "regime_survival": 0.0,
        "best_return": -0.004032,
        "worst_return": -0.020325,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-01-26",
        "end": "2024-03-29",
        "tenure": "Developing",
        "return": 0.008065,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-04-05",
        "end": "2024-05-17",
        "tenure": "Developing",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-05-24",
        "end": "2024-09-27",
        "tenure": "Established",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-04",
        "end": "2024-10-25",
        "tenure": "New",
        "return": -0.004,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-01",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": -0.008065,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-01-24",
        "tenure": "New",
        "return": 0.004065,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-01-31",
        "end": "2025-06-06",
        "tenure": "Established",
        "return": -0.00813,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": -0.012295,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-07-25",
        "end": "2025-09-26",
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        "return": 0.008299,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-03",
        "end": "2025-11-28",
        "tenure": "Developing",
        "return": 0.0,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-12-12",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-19",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": -0.012346,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-23",
        "end": "2026-04-17",
        "tenure": "Established",
        "return": 0.004149,
        "active": false
      },
      {
        "regime": "downward_expansion",
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        "start": "2026-04-24",
        "end": "2026-08-07",
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        "return": -0.429752,
        "active": true
      }
    ],
    "chart_path": [
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        "typical_volume": 11215.0,
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          4.826667,
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          4.836571,
          4.842968
        ]
      },
      {
        "date": "2026-05-15",
        "close": 4.7,
        "volume": 800,
        "typical_volume": 2285.0,
        "trend": 4.843333,
        "fair_value": 4.928205,
        "relative_strength": -17.515128,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.414625,
        "energy": 28.916401,
        "activity_lines": [
          4.782667,
          4.808,
          4.822667,
          4.833419
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      },
      {
        "date": "2026-05-22",
        "close": 4.24,
        "volume": 1200,
        "typical_volume": 2340.0,
        "trend": 4.823333,
        "fair_value": 4.923333,
        "relative_strength": -26.069089,
        "stage": 3,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.189028,
        "energy": 69.648954,
        "activity_lines": [
          4.594667,
          4.702182,
          4.766381,
          4.794495
        ]
      },
      {
        "date": "2026-05-29",
        "close": 3.34,
        "volume": 33300,
        "typical_volume": 2985.0,
        "trend": 4.773333,
        "fair_value": 4.912051,
        "relative_strength": -42.239134,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -93.816209,
        "energy": 89.052176,
        "activity_lines": [
          4.146667,
          4.443636,
          4.627333,
          4.698796
        ]
      },
      {
        "date": "2026-06-05",
        "close": 2.9,
        "volume": 5000,
        "typical_volume": 2200.0,
        "trend": 4.708667,
        "fair_value": 4.898269,
        "relative_strength": -49.652823,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -96.269068,
        "energy": 98.063305,
        "activity_lines": [
          3.652,
          4.132364,
          4.453714,
          4.577935
        ]
      },
      {
        "date": "2026-06-12",
        "close": 2.9,
        "volume": 400,
        "typical_volume": 2190.0,
        "trend": 4.643333,
        "fair_value": 4.884808,
        "relative_strength": -49.286246,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -91.213302,
        "energy": 96.773192,
        "activity_lines": [
          3.286667,
          3.856364,
          4.289143,
          4.461247
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      },
      {
        "date": "2026-06-19",
        "close": 2.9,
        "volume": 0,
        "typical_volume": 2165.0,
        "trend": 4.578,
        "fair_value": 4.871346,
        "relative_strength": -47.883128,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -79.78138,
        "energy": 92.841471,
        "activity_lines": [
          3.048,
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          4.133714,
          4.348774
        ]
      },
      {
        "date": "2026-06-26",
        "close": 2.8,
        "volume": 800,
        "typical_volume": 2185.0,
        "trend": 4.509333,
        "fair_value": 4.857244,
        "relative_strength": -47.934273,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -76.023287,
        "energy": 91.398974,
        "activity_lines": [
          2.896,
          3.392,
          3.977905,
          4.234065
        ]
      },
      {
        "date": "2026-07-03",
        "close": 2.9,
        "volume": 400,
        "typical_volume": 2170.0,
        "trend": 4.444,
        "fair_value": 4.843782,
        "relative_strength": -47.648722,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.269089,
        "energy": 84.931158,
        "activity_lines": [
          2.873333,
          3.223636,
          3.841429,
          4.130237
        ]
      },
      {
        "date": "2026-07-10",
        "close": 2.72,
        "volume": 1100,
        "typical_volume": 2185.0,
        "trend": 4.372667,
        "fair_value": 4.829167,
        "relative_strength": -50.477882,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -73.733742,
        "energy": 69.245117,
        "activity_lines": [
          2.82,
          3.057818,
          3.697048,
          4.019011
        ]
      },
      {
        "date": "2026-07-17",
        "close": 2.72,
        "volume": 100,
        "typical_volume": 2165.0,
        "trend": 4.301333,
        "fair_value": 4.814551,
        "relative_strength": -50.348019,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -70.838724,
        "energy": 67.259095,
        "activity_lines": [
          2.778667,
          2.930545,
          3.562762,
          3.912387
        ]
      },
      {
        "date": "2026-07-24",
        "close": 2.72,
        "volume": 0,
        "typical_volume": 2165.0,
        "trend": 4.225333,
        "fair_value": 4.800064,
        "relative_strength": -49.823238,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -68.421749,
        "energy": 65.084815,
        "activity_lines": [
          2.749333,
          2.841091,
          3.438571,
          3.810366
        ]
      },
      {
        "date": "2026-07-31",
        "close": 2.78,
        "volume": 200,
        "typical_volume": 2175.0,
        "trend": 4.156,
        "fair_value": 4.785962,
        "relative_strength": -47.449221,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.631797,
        "energy": 62.509883,
        "activity_lines": [
          2.752,
          2.798545,
          3.33019,
          3.717118
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.76,
        "volume": 300,
        "typical_volume": 2190.0,
        "trend": 4.085333,
        "fair_value": 4.771731,
        "relative_strength": -46.803156,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.797039,
        "energy": 62.974759,
        "activity_lines": [
          2.749333,
          2.778909,
          3.229714,
          3.627054
        ]
      }
    ],
    "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."
    }
  }
}