{
  "ticker": {
    "uuid": "da006982-e55a-4838-809f-d9e4cac4e7d8",
    "symbol": "MII",
    "name": "MFC Industrial Investment Property and Leasehold Fund",
    "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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "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": 79.108,
    "architecture_energy": 91.602,
    "architecture_maturity": 64.709,
    "architecture_confidence": 81.315,
    "architecture_tenure": "Established",
    "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": 0.17,
        "rotation_up": 86.14,
        "upward_expansion": 99.47,
        "deceleration": 39.23,
        "rotation_down": 8.82,
        "downward_expansion": 21.47
      },
      "activity_lines": [
        6.446667,
        6.257273,
        5.9188,
        5.641162
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 6.5,
    "trend_reference": 5.268029,
    "distance_from_trend": 0.233858,
    "trend_direction": "Improving",
    "fair_value": 4.987128,
    "distance_from_fair_value": 0.303355,
    "fair_value_direction": "Improving",
    "relative_strength": 16.038691,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.482899,
    "excess_performance": 0.290574,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.233858,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.130097,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.303355,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.239403,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.160387,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.161684,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.482899,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 5.0,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 117900,
      "relative_activity": 0.933713,
      "balance": 5.0,
      "dry_up": 1.113883,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.021779,
      "annualized_volatility": 0.134272,
      "from_high_reference": -0.007634,
      "from_low_reference": 0.550857
    },
    "levels": {
      "trend_reference": 5.268029,
      "fair_value_reference": 4.987128,
      "structural_low": 4.422097,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 29,
        "median_return": 0.006893,
        "positive_rate": 0.586207,
        "directional_follow_through": 0.586207,
        "median_excess_return": 0.013381,
        "regime_survival": 0.827586,
        "best_return": 0.112069,
        "worst_return": -0.051282,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.023855,
        "positive_rate": 0.7,
        "directional_follow_through": 0.7,
        "median_excess_return": 0.045378,
        "regime_survival": 0.5,
        "best_return": 0.215023,
        "worst_return": -0.133858,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.027956,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.101925,
        "regime_survival": 0.4,
        "best_return": 0.055544,
        "worst_return": -0.078627,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 1.8e-05,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.003706,
        "regime_survival": 0.0,
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        "worst_return": -0.133132,
        "sufficient": false
      }
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        "color": "teal",
        "start": "2022-09-23",
        "end": "2022-11-04",
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        "return": 0.0,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "Established",
        "return": 0.02849,
        "active": false
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      {
        "regime": "downward_expansion",
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-02-21",
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "return": -0.008849,
        "active": false
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        "regime": "downward_expansion",
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        "active": false
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        "active": false
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      },
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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": 90.729469,
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          5.139935
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      },
      {
        "date": "2026-07-03",
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        "volume": 4300,
        "typical_volume": 142690.0,
        "trend": 4.91973,
        "fair_value": 4.955471,
        "relative_strength": 7.95227,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 147535.0,
        "trend": 4.979812,
        "fair_value": 4.959408,
        "relative_strength": 8.315752,
        "stage": 2,
        "regime": "upward_expansion",
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        "gate": "up",
        "direction": 88.213391,
        "energy": 90.124261,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 6.4,
        "volume": 252400,
        "typical_volume": 153170.0,
        "trend": 5.050914,
        "fair_value": 4.966054,
        "relative_strength": 13.240976,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 97.377164,
        "energy": 78.898916,
        "activity_lines": [
          6.106667,
          5.93731,
          5.623404,
          5.377945
        ]
      },
      {
        "date": "2026-07-24",
        "close": 6.45,
        "volume": 126100,
        "typical_volume": 142345.0,
        "trend": 5.123037,
        "fair_value": 4.973252,
        "relative_strength": 13.650805,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 94.014147,
        "energy": 90.721999,
        "activity_lines": [
          6.253333,
          6.059037,
          5.726799,
          5.468208
        ]
      },
      {
        "date": "2026-07-31",
        "close": 6.5,
        "volume": 66200,
        "typical_volume": 130330.0,
        "trend": 5.196179,
        "fair_value": 4.980074,
        "relative_strength": 15.601409,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 88.982023,
        "energy": 94.522959,
        "activity_lines": [
          6.373333,
          6.169024,
          5.826777,
          5.557044
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.5,
        "volume": 117900,
        "typical_volume": 126270.0,
        "trend": 5.268029,
        "fair_value": 4.987128,
        "relative_strength": 16.038691,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 79.108337,
        "energy": 91.60181,
        "activity_lines": [
          6.446667,
          6.257273,
          5.9188,
          5.641162
        ]
      }
    ],
    "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."
    }
  }
}