{
  "ticker": {
    "uuid": "e2ee68dd-66e8-436f-a540-19956b5dad1f",
    "symbol": "JR",
    "name": "J.R.W. Utility 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": 72.002,
    "architecture_energy": 40.434,
    "architecture_maturity": 13.552,
    "architecture_confidence": 58.565,
    "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": 33.33,
        "rotation_up": 62.96,
        "upward_expansion": 76.46,
        "deceleration": 57.6,
        "rotation_down": 13.01,
        "downward_expansion": 3.13
      },
      "activity_lines": [
        1.776667,
        1.762909,
        1.744714,
        1.741385
      ],
      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 1.83,
    "trend_reference": 1.73053,
    "distance_from_trend": 0.057479,
    "trend_direction": "Improving",
    "fair_value": 2.773973,
    "distance_from_fair_value": -0.340296,
    "fair_value_direction": "Improving",
    "relative_strength": -7.917541,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.085453,
    "excess_performance": -0.106872,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.057479,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.020959,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.340296,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.095965,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.079175,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.045428,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.085453,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.692678,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 683500,
      "relative_activity": 2.215523,
      "balance": 0.692678,
      "dry_up": 1.164406,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.033628,
      "annualized_volatility": 0.129794,
      "from_high_reference": -0.100625,
      "from_low_reference": 0.137764
    },
    "levels": {
      "trend_reference": 1.73053,
      "fair_value_reference": 2.773973,
      "structural_low": 1.64,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 4,
        "median_return": -0.033546,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.045208,
        "regime_survival": 0.5,
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        "worst_return": -0.050562,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.046423,
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        "regime_survival": 0.0,
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        "worst_return": -0.076087,
        "sufficient": false
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      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": -0.018412,
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        "sufficient": false
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      {
        "horizon": "Full cycle",
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        "color": "red",
        "start": "2023-03-03",
        "end": "2025-04-25",
        "tenure": "Extended",
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      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-07-04",
        "tenure": "New",
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        "gate": "up",
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        "energy": 66.000388,
        "activity_lines": [
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          1.718995,
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      },
      {
        "date": "2026-04-17",
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        "typical_volume": 397355.0,
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        "fair_value": 3.156629,
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        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-04-24",
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        "typical_volume": 385425.0,
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      },
      {
        "date": "2026-05-01",
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        "typical_volume": 385590.0,
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        "fair_value": 3.111626,
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      },
      {
        "date": "2026-05-08",
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        "volume": 246000,
        "typical_volume": 370935.0,
        "trend": 1.694306,
        "fair_value": 3.086536,
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 405735.0,
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        "fair_value": 3.059863,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 417750.0,
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        "fair_value": 3.034688,
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        "regime": "balance",
        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 422870.0,
        "trend": 1.695005,
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      },
      {
        "date": "2026-06-05",
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        "volume": 45000,
        "typical_volume": 409025.0,
        "trend": 1.696422,
        "fair_value": 2.985536,
        "relative_strength": -17.854177,
        "stage": 1,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -23.766516,
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        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 406635.0,
        "trend": 1.698495,
        "fair_value": 2.960724,
        "relative_strength": -17.300438,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -22.005644,
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      },
      {
        "date": "2026-06-19",
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        "stage": 1,
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        "gate": "mixed",
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      },
      {
        "date": "2026-06-26",
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        "typical_volume": 380710.0,
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        "fair_value": 2.912705,
        "relative_strength": -8.846008,
        "stage": 1,
        "regime": "rotation_down",
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        "gate": "up",
        "direction": 45.267558,
        "energy": 22.111549,
        "activity_lines": [
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          1.721573
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      },
      {
        "date": "2026-07-03",
        "close": 1.76,
        "volume": 119000,
        "typical_volume": 374885.0,
        "trend": 1.71007,
        "fair_value": 2.88954,
        "relative_strength": -13.204727,
        "stage": 1,
        "regime": "balance",
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        "energy": 33.753815,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 1.76,
        "volume": 598800,
        "typical_volume": 373945.0,
        "trend": 1.713831,
        "fair_value": 2.866675,
        "relative_strength": -13.234077,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
        "direction": 46.951666,
        "energy": 39.545085,
        "activity_lines": [
          1.752667,
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          1.732926,
          1.72828
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      },
      {
        "date": "2026-07-17",
        "close": 1.76,
        "volume": 351500,
        "typical_volume": 351900.0,
        "trend": 1.717914,
        "fair_value": 2.842911,
        "relative_strength": -13.763032,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 55.873717,
        "energy": 42.916409,
        "activity_lines": [
          1.759333,
          1.736182,
          1.735071,
          1.731258
        ]
      },
      {
        "date": "2026-07-24",
        "close": 1.74,
        "volume": 305100,
        "typical_volume": 339310.0,
        "trend": 1.721008,
        "fair_value": 2.819619,
        "relative_strength": -14.58542,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 52.795798,
        "energy": 42.787447,
        "activity_lines": [
          1.754667,
          1.740182,
          1.73519,
          1.732683
        ]
      },
      {
        "date": "2026-07-31",
        "close": 1.75,
        "volume": 96800,
        "typical_volume": 311350.0,
        "trend": 1.724113,
        "fair_value": 2.796689,
        "relative_strength": -12.762774,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 50.956387,
        "energy": 30.343071,
        "activity_lines": [
          1.751333,
          1.744909,
          1.736143,
          1.734553
        ]
      },
      {
        "date": "2026-08-07",
        "close": 1.83,
        "volume": 683500,
        "typical_volume": 308505.0,
        "trend": 1.73053,
        "fair_value": 2.773973,
        "relative_strength": -7.917541,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 72.002324,
        "energy": 40.43369,
        "activity_lines": [
          1.776667,
          1.762909,
          1.744714,
          1.741385
        ]
      }
    ],
    "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."
    }
  }
}