{
  "ticker": {
    "uuid": "db511cd8-15c6-40bc-8be3-c5c0eab25369",
    "symbol": "CTW",
    "name": "Charoong Thai Wire and Cable 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": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 43.114,
    "architecture_energy": 37.89,
    "architecture_maturity": 77.0,
    "architecture_confidence": 96,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 37.4,
        "rotation_up": 28.16,
        "upward_expansion": 62.94,
        "deceleration": 93.99,
        "rotation_down": 27.83,
        "downward_expansion": 19.94
      },
      "activity_lines": [
        6.386667,
        6.59,
        6.01319,
        5.416592
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 6.3,
    "trend_reference": 4.613584,
    "distance_from_trend": 0.365533,
    "trend_direction": "Improving",
    "fair_value": 3.800665,
    "distance_from_fair_value": 0.657604,
    "fair_value_direction": "Improving",
    "relative_strength": 46.454731,
    "relative_strength_direction": "Improving",
    "price_momentum": 1.215068,
    "excess_performance": 1.022743,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.365533,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.385401,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.657604,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.762081,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.464547,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.51434,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 1.215068,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 4.395948,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 263900,
      "relative_activity": 0.24055,
      "balance": 4.395948,
      "dry_up": 0.608302,
      "accumulation_observations": 2,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.10757,
      "annualized_volatility": 0.768544,
      "from_high_reference": -0.148649,
      "from_low_reference": 1.526563
    },
    "levels": {
      "trend_reference": 4.613584,
      "fair_value_reference": 3.800665,
      "structural_low": 2.746753,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 3,
        "median_return": 0.058823,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.042302,
        "regime_survival": 0.333333,
        "best_return": 1.199367,
        "worst_return": -0.066667,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.035294,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.078315,
        "regime_survival": 0.0,
        "best_return": -0.035294,
        "worst_return": -0.035294,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.213245,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.230717,
        "regime_survival": 0.0,
        "best_return": -0.213245,
        "worst_return": -0.213245,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.272848,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.279199,
        "regime_survival": 0.0,
        "best_return": -0.272848,
        "worst_return": -0.272848,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-04-12",
        "end": "2024-05-24",
        "tenure": "Developing",
        "return": 0.03913,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-05-31",
        "end": "2024-06-21",
        "tenure": "New",
        "return": -0.050633,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-06-28",
        "end": "2024-07-26",
        "tenure": "Developing",
        "return": -0.057269,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-02",
        "end": "2025-05-23",
        "tenure": "Extended",
        "return": -0.27143,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-30",
        "end": "2025-08-22",
        "tenure": "Established",
        "return": -0.049296,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-08-29",
        "end": "2025-09-26",
        "tenure": "Developing",
        "return": 0.036497,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-03",
        "end": "2025-10-10",
        "tenure": "New",
        "return": 0.007353,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-17",
        "end": "2025-12-05",
        "tenure": "Developing",
        "return": 0.086331,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-12-12",
        "end": "2026-01-16",
        "tenure": "Developing",
        "return": -0.080537,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-23",
        "end": "2026-02-20",
        "tenure": "Developing",
        "return": 0.02027,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-02-27",
        "end": "2026-05-08",
        "tenure": "Developing",
        "return": 0.129333,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-05-15",
        "end": "2026-05-29",
        "tenure": "New",
        "return": 0.914557,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-06-05",
        "end": "2026-07-31",
        "tenure": "Developing",
        "return": 0.008197,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-08-18",
        "close": 4.481957,
        "volume": 90800,
        "typical_volume": 71565.0,
        "trend": 5.093838,
        "fair_value": 6.403372,
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      {
        "date": "2026-04-24",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
      {
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        "fair_value": 3.755093,
        "relative_strength": 62.759447,
        "stage": 2,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 1078060.0,
        "trend": 4.270143,
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        "direction": 64.400512,
        "energy": 64.473397,
        "activity_lines": [
          6.8,
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          5.66681,
          5.036674
        ]
      },
      {
        "date": "2026-07-24",
        "close": 6.6,
        "volume": 763500,
        "typical_volume": 1103000.0,
        "trend": 4.392091,
        "fair_value": 3.780406,
        "relative_strength": 54.31243,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
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        "direction": 51.845489,
        "energy": 55.718102,
        "activity_lines": [
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          5.186987
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      },
      {
        "date": "2026-07-31",
        "close": 6.15,
        "volume": 367500,
        "typical_volume": 1105250.0,
        "trend": 4.499039,
        "fair_value": 3.789871,
        "relative_strength": 43.873435,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 47.167886,
        "energy": 45.739069,
        "activity_lines": [
          6.476667,
          6.653636,
          5.917381,
          5.300401
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.3,
        "volume": 263900,
        "typical_volume": 1097070.0,
        "trend": 4.613584,
        "fair_value": 3.800665,
        "relative_strength": 46.454731,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 43.114244,
        "energy": 37.889624,
        "activity_lines": [
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          6.59,
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          5.416592
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      }
    ],
    "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."
    }
  }
}