{ "ticker": { "uuid": "e2fbeb08-50ce-486d-9333-d70142034472", "symbol": "TBN", "name": "TBN Corporation 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": 84.862, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -38.817, "architecture_energy": 22.375, "architecture_maturity": 100.0, "architecture_confidence": 61.492, "architecture_tenure": "Extended", "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": 44.48, "rotation_up": 22.76, "upward_expansion": 12.96, "deceleration": 62.99, "rotation_down": 38.3, "downward_expansion": 62.96 }, "activity_lines": [ 3.530667, 3.527273, 3.554199, 3.586319 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 3.54, "trend_reference": 3.636151, "distance_from_trend": -0.026443, "trend_direction": "Weakening", "fair_value": 7.094978, "distance_from_fair_value": -0.501056, "fair_value_direction": "Improving", "relative_strength": -22.208666, "relative_strength_direction": "Improving", "price_momentum": -0.029846, "excess_performance": -0.222171, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.026443, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.042953, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.501056, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.041344, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.222087, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.048253, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.029846, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.503486, "read": "Supply-led" } ], "volume": { "latest": 43500, "relative_activity": 0.550319, "balance": 0.503486, "dry_up": 1.047188, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.03694, "annualized_volatility": 0.119699, "from_high_reference": -0.258457, "from_low_reference": 0.063862 }, "levels": { "trend_reference": 3.636151, "fair_value_reference": 7.094978, "structural_low": 3.3275, "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": 16, "median_return": -0.015351, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.043366, "regime_survival": 1.0, "best_return": 0.033654, "worst_return": -0.122124, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.049505, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.12113, "regime_survival": 1.0, "best_return": -0.019284, "worst_return": -0.188462, "sufficient": true }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.181857, "positive_rate": 0.0, "directional_follow_through": 1.0, "median_excess_return": -0.298274, "regime_survival": 1.0, "best_return": -0.090047, "worst_return": -0.273666, "sufficient": false }, { "horizon": "Full cycle", 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"close": 3.56, "volume": 51300, "typical_volume": 78650.0, "trend": 3.653646, "fair_value": 7.184544, "relative_strength": -23.11421, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.369079, "energy": 30.30393, "activity_lines": [ 3.521333, 3.526909, 3.559847, 3.593651 ] }, { "date": "2026-08-07", "close": 3.54, "volume": 43500, "typical_volume": 79045.0, "trend": 3.636151, "fair_value": 7.094978, "relative_strength": -22.208666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.817243, "energy": 22.375326, "activity_lines": [ 3.530667, 3.527273, 3.554199, 3.586319 ] } ], "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." } } }