{
  "ticker": {
    "uuid": "ecd6ad51-e5f0-45df-8828-c7c8c0f6cb72",
    "symbol": "TK",
    "name": "Thitikorn 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 85.423,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 79.989,
    "architecture_energy": 88.392,
    "architecture_maturity": 13.654,
    "architecture_confidence": 64.792,
    "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": 6.59,
        "rotation_up": 85.57,
        "upward_expansion": 98.32,
        "deceleration": 39.0,
        "rotation_down": 8.19,
        "downward_expansion": 20.32
      },
      "activity_lines": [
        4.509333,
        4.388727,
        4.287619,
        4.237958
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 4.58,
    "trend_reference": 4.180093,
    "distance_from_trend": 0.095669,
    "trend_direction": "Improving",
    "fair_value": 4.237175,
    "distance_from_fair_value": 0.080909,
    "fair_value_direction": "Improving",
    "relative_strength": -6.128243,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.13825,
    "excess_performance": -0.054075,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.095669,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.013084,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.080909,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.146923,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.061282,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.065537,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.13825,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 13.658841,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 115200,
      "relative_activity": 0.77044,
      "balance": 13.658841,
      "dry_up": 1.527671,
      "accumulation_observations": 4,
      "distribution_observations": 0
    },
    "risk": {
      "range_context": 0.03124,
      "annualized_volatility": 0.163845,
      "from_high_reference": -0.019711,
      "from_low_reference": 0.200854
    },
    "levels": {
      "trend_reference": 4.180093,
      "fair_value_reference": 4.237175,
      "structural_low": 3.813953,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 10,
        "median_return": -0.017961,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.006586,
        "regime_survival": 0.6,
        "best_return": 0.147376,
        "worst_return": -0.120536,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.016767,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.005496,
        "regime_survival": 0.25,
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        "worst_return": -0.097345,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.0,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
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        "regime_survival": 0.0,
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        "worst_return": -0.245517,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": -0.087999,
        "sufficient": false
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      {
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        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -43.413379,
        "energy": 20.414442,
        "activity_lines": [
          4.092,
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        ]
      },
      {
        "date": "2026-04-24",
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        "volume": 119300,
        "typical_volume": 196650.0,
        "trend": 4.16169,
        "fair_value": 4.417201,
        "relative_strength": -10.661781,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
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        "energy": 21.309836,
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      },
      {
        "date": "2026-05-01",
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        "volume": 130600,
        "typical_volume": 199955.0,
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        "relative_strength": -10.740216,
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        "activity_lines": [
          4.116,
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          4.11062,
          4.116338
        ]
      },
      {
        "date": "2026-05-08",
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        "volume": 245200,
        "typical_volume": 202580.0,
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        "relative_strength": -12.681942,
        "stage": 4,
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        "activity_lines": [
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      },
      {
        "date": "2026-05-15",
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        "typical_volume": 210850.0,
        "trend": 4.129581,
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        "relative_strength": -11.048534,
        "stage": 4,
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        "modifier": "Upper balance after advance",
        "gate": "mixed",
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        "energy": 14.322242,
        "activity_lines": [
          4.153333,
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      },
      {
        "date": "2026-05-22",
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        "typical_volume": 201240.0,
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        "relative_strength": -12.447287,
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        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": 22.331791,
        "energy": 25.847556,
        "activity_lines": [
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          4.127847,
          4.123149
        ]
      },
      {
        "date": "2026-05-29",
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        "modifier": "Upper balance after advance",
        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": -15.51103,
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        "gate": "up",
        "direction": 48.909745,
        "energy": 41.549504,
        "activity_lines": [
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      },
      {
        "date": "2026-06-12",
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        "volume": 35200,
        "typical_volume": 187515.0,
        "trend": 4.121783,
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        "relative_strength": -15.703014,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
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      },
      {
        "date": "2026-06-19",
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        "energy": 15.728495,
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      },
      {
        "date": "2026-06-26",
        "close": 4.1,
        "volume": 1700,
        "typical_volume": 170450.0,
        "trend": 4.121209,
        "fair_value": 4.297474,
        "relative_strength": -13.137243,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 20.475934,
        "energy": 13.395033,
        "activity_lines": [
          4.132,
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          4.139293,
          4.131101
        ]
      },
      {
        "date": "2026-07-03",
        "close": 4.16,
        "volume": 87500,
        "typical_volume": 165960.0,
        "trend": 4.123845,
        "fair_value": 4.285549,
        "relative_strength": -15.343717,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 29.552742,
        "energy": 15.352572,
        "activity_lines": [
          4.136,
          4.152364,
          4.141524,
          4.133603
        ]
      },
      {
        "date": "2026-07-10",
        "close": 4.3,
        "volume": 478900,
        "typical_volume": 165820.0,
        "trend": 4.130512,
        "fair_value": 4.274522,
        "relative_strength": -12.795454,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 64.939819,
        "energy": 35.508594,
        "activity_lines": [
          4.190667,
          4.177818,
          4.156802,
          4.144968
        ]
      },
      {
        "date": "2026-07-17",
        "close": 4.46,
        "volume": 382000,
        "typical_volume": 173525.0,
        "trend": 4.143783,
        "fair_value": 4.26452,
        "relative_strength": -10.400903,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 79.558074,
        "energy": 69.546123,
        "activity_lines": [
          4.288,
          4.230182,
          4.187364,
          4.166226
        ]
      },
      {
        "date": "2026-07-24",
        "close": 4.48,
        "volume": 325400,
        "typical_volume": 154210.0,
        "trend": 4.15645,
        "fair_value": 4.255198,
        "relative_strength": -10.13803,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.626933,
        "energy": 79.605976,
        "activity_lines": [
          4.370667,
          4.279636,
          4.218571,
          4.187917
        ]
      },
      {
        "date": "2026-07-31",
        "close": 4.52,
        "volume": 91100,
        "typical_volume": 150340.0,
        "trend": 4.167907,
        "fair_value": 4.245857,
        "relative_strength": -8.190638,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 78.179863,
        "energy": 85.816747,
        "activity_lines": [
          4.444,
          4.331636,
          4.251143,
          4.211372
        ]
      },
      {
        "date": "2026-08-07",
        "close": 4.58,
        "volume": 115200,
        "typical_volume": 149525.0,
        "trend": 4.180093,
        "fair_value": 4.237175,
        "relative_strength": -6.128243,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 79.989446,
        "energy": 88.391812,
        "activity_lines": [
          4.509333,
          4.388727,
          4.287619,
          4.237958
        ]
      }
    ],
    "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."
    }
  }
}