{
  "ticker": {
    "uuid": "d74b2727-c7ea-49a2-8253-2de18c940e5f",
    "symbol": "BR",
    "name": "Bangkok Ranch 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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 70.563,
    "architecture_energy": 66.669,
    "architecture_maturity": 71.77,
    "architecture_confidence": 85.241,
    "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": 5.93,
        "rotation_up": 63.02,
        "upward_expansion": 87.67,
        "deceleration": 65.71,
        "rotation_down": 24.83,
        "downward_expansion": 12.0
      },
      "activity_lines": [
        1.980667,
        1.962545,
        1.866484,
        1.803699
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.833333
    },
    "latest_close": 1.99,
    "trend_reference": 1.734024,
    "distance_from_trend": 0.14762,
    "trend_direction": "Improving",
    "fair_value": 1.973577,
    "distance_from_fair_value": 0.008321,
    "fair_value_direction": "Improving",
    "relative_strength": 1.510578,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.220859,
    "excess_performance": 0.028534,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.14762,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.062047,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.008321,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.206645,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.015106,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.145524,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.220859,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.049191,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 649900,
      "relative_activity": 0.710335,
      "balance": 2.049191,
      "dry_up": 1.02938,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.03363,
      "annualized_volatility": 0.171326,
      "from_high_reference": -0.014851,
      "from_low_reference": 0.308063
    },
    "levels": {
      "trend_reference": 1.734024,
      "fair_value_reference": 1.973577,
      "structural_low": 1.521333,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 11,
        "median_return": -0.02069,
        "positive_rate": 0.363636,
        "directional_follow_through": 0.363636,
        "median_excess_return": -0.019332,
        "regime_survival": 0.636364,
        "best_return": 0.163743,
        "worst_return": -0.073034,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.098901,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.05626,
        "regime_survival": 0.2,
        "best_return": 0.090323,
        "worst_return": -0.207101,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.11994,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.080775,
        "regime_survival": 0.0,
        "best_return": 0.02,
        "worst_return": -0.179487,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.021835,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.002078,
        "regime_survival": 0.5,
        "best_return": 0.186667,
        "worst_return": -0.230337,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2022-09-30",
        "end": "2022-12-02",
        "tenure": "Developing",
        "return": 0.071428,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Established",
        "return": 0.040541,
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      },
      {
        "regime": "upward_expansion",
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        "end": "2023-05-05",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2023-05-12",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2023-12-22",
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        "active": false
      },
      {
        "regime": "balance",
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        "return": 0.030534,
        "active": false
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2024-01-26",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
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        "return": -0.038461,
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-08-01",
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        "active": false
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        "regime": "balance",
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      {
        "regime": "deceleration",
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        "return": 0.006098,
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      {
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        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-04-17",
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        "date": "2026-05-15",
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      },
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-26",
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        "energy": 98.883835,
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 1118165.0,
        "trend": 1.674711,
        "fair_value": 1.99818,
        "relative_strength": -0.488456,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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      },
      {
        "date": "2026-07-10",
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        "trend": 1.685707,
        "fair_value": 1.993418,
        "relative_strength": -1.35623,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 71.549342,
        "energy": 89.848987,
        "activity_lines": [
          1.946,
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          1.773844,
          1.731794
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      },
      {
        "date": "2026-07-17",
        "close": 1.99,
        "volume": 1451100,
        "typical_volume": 1129095.0,
        "trend": 1.698036,
        "fair_value": 1.988537,
        "relative_strength": -0.281937,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.890348,
        "energy": 92.001399,
        "activity_lines": [
          1.966667,
          1.902182,
          1.800171,
          1.751426
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.97,
        "volume": 935100,
        "typical_volume": 1119410.0,
        "trend": 1.709699,
        "fair_value": 1.983403,
        "relative_strength": -1.446079,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 68.133408,
        "energy": 67.834607,
        "activity_lines": [
          1.971333,
          1.926182,
          1.823115,
          1.768972
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.98,
        "volume": 731100,
        "typical_volume": 1125560.0,
        "trend": 1.722024,
        "fair_value": 1.978583,
        "relative_strength": 0.285172,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 69.890916,
        "energy": 67.404822,
        "activity_lines": [
          1.974,
          1.946,
          1.845251,
          1.786411
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.99,
        "volume": 649900,
        "typical_volume": 914920.0,
        "trend": 1.734024,
        "fair_value": 1.973577,
        "relative_strength": 1.510578,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 70.563295,
        "energy": 66.669393,
        "activity_lines": [
          1.980667,
          1.962545,
          1.866484,
          1.803699
        ]
      }
    ],
    "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."
    }
  }
}