{
  "ticker": {
    "uuid": "e7722ab0-6705-4727-abaa-13103bd9da54",
    "symbol": "WHABT",
    "name": "WHA Business Complex Freehold and Leasehold Real Estate Investment Trust",
    "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": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 80.052,
    "architecture_energy": 92.615,
    "architecture_maturity": 23.252,
    "architecture_confidence": 67.855,
    "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": 0.0,
        "rotation_up": 86.83,
        "upward_expansion": 99.9,
        "deceleration": 39.03,
        "rotation_down": 8.22,
        "downward_expansion": 21.9
      },
      "activity_lines": [
        6.446667,
        6.306364,
        6.070299,
        5.94947
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 6.5,
    "trend_reference": 5.826187,
    "distance_from_trend": 0.115652,
    "trend_direction": "Improving",
    "fair_value": 6.241216,
    "distance_from_fair_value": 0.041464,
    "fair_value_direction": "Improving",
    "relative_strength": -3.177381,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.150181,
    "excess_performance": -0.042144,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.115652,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.027634,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.041464,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.147003,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.031774,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.135986,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.150181,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 7.933771,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 172900,
      "relative_activity": 0.425239,
      "balance": 7.933771,
      "dry_up": 0.885709,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.019391,
      "annualized_volatility": 0.082735,
      "from_high_reference": 0.0,
      "from_low_reference": 0.267057
    },
    "levels": {
      "trend_reference": 5.826187,
      "fair_value_reference": 6.241216,
      "structural_low": 5.408899,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 23,
        "median_return": 0.005465,
        "positive_rate": 0.521739,
        "directional_follow_through": 0.521739,
        "median_excess_return": 0.01218,
        "regime_survival": 0.73913,
        "best_return": 0.07563,
        "worst_return": -0.045198,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.01908,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": 0.013814,
        "regime_survival": 0.666667,
        "best_return": 0.036768,
        "worst_return": -0.078212,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.018557,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.029482,
        "regime_survival": 0.5,
        "best_return": 0.056549,
        "worst_return": -0.082121,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.023822,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.034202,
        "regime_survival": 0.5,
        "best_return": 0.092641,
        "worst_return": -0.140125,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2023-10-06",
        "end": "2023-10-27",
        "tenure": "New",
        "return": 0.005917,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-11-03",
        "end": "2024-01-12",
        "tenure": "Developing",
        "return": 0.021021,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "return": -0.015221,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      },
      {
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "return": 0.045812,
        "active": false
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        "regime": "balance",
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        "regime": "balance",
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      {
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      },
      {
        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 411270.0,
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        "fair_value": 6.252612,
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        "stage": 1,
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        "direction": 96.17013,
        "energy": 98.266464,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 6.4,
        "volume": 517900,
        "typical_volume": 409040.0,
        "trend": 5.777768,
        "fair_value": 6.248326,
        "relative_strength": -7.132294,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 83.227569,
        "energy": 93.881587,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 6.45,
        "volume": 248800,
        "typical_volume": 406690.0,
        "trend": 5.801145,
        "fair_value": 6.244611,
        "relative_strength": -4.904703,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.07938,
        "energy": 92.772877,
        "activity_lines": [
          6.393333,
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          6.008789,
          5.904383
        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.5,
        "volume": 172900,
        "typical_volume": 406595.0,
        "trend": 5.826187,
        "fair_value": 6.241216,
        "relative_strength": -3.177381,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 80.052226,
        "energy": 92.614771,
        "activity_lines": [
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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."
    }
  }
}