{
  "ticker": {
    "uuid": "ee713aa4-5ce1-4083-8603-d9b74656e45a",
    "symbol": "TCMC",
    "name": "TCM 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": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -57.404,
    "architecture_energy": 56.187,
    "architecture_maturity": 9.575,
    "architecture_confidence": 91.36,
    "architecture_tenure": "New",
    "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": 31.24,
        "rotation_up": 13.8,
        "upward_expansion": 14.24,
        "deceleration": 35.2,
        "rotation_down": 66.75,
        "downward_expansion": 87.57
      },
      "activity_lines": [
        0.292667,
        0.302727,
        0.310905,
        0.313699
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 0.29,
    "trend_reference": 0.320333,
    "distance_from_trend": -0.094693,
    "trend_direction": "Weakening",
    "fair_value": 0.757372,
    "distance_from_fair_value": -0.617097,
    "fair_value_direction": "Improving",
    "relative_strength": -30.341814,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.194444,
    "excess_performance": -0.386769,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.094693,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.055064,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.617097,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.011849,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.303418,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.040578,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.194444,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.529494,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3205700,
      "relative_activity": 0.973925,
      "balance": 0.529494,
      "dry_up": 1.038265,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.111406,
      "annualized_volatility": 0.452094,
      "from_high_reference": -0.516667,
      "from_low_reference": 0.115385
    },
    "levels": {
      "trend_reference": 0.320333,
      "fair_value_reference": 0.757372,
      "structural_low": 0.26,
      "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": 44,
        "median_return": -0.026547,
        "positive_rate": 0.318182,
        "directional_follow_through": 0.613636,
        "median_excess_return": -0.024965,
        "regime_survival": 0.863636,
        "best_return": 0.195946,
        "worst_return": -0.230769,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 15,
        "median_return": -0.083333,
        "positive_rate": 0.266667,
        "directional_follow_through": 0.733333,
        "median_excess_return": -0.086425,
        "regime_survival": 0.666667,
        "best_return": 0.333333,
        "worst_return": -0.375,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": -0.101236,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.114954,
        "regime_survival": 0.375,
        "best_return": 0.283951,
        "worst_return": -0.476744,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.300044,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.192642,
        "regime_survival": 0.75,
        "best_return": 0.202312,
        "worst_return": -0.52,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2023-02-10",
        "end": "2023-03-10",
        "tenure": "Developing",
        "return": 0.152542,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2023-03-17",
        "end": "2023-05-26",
        "tenure": "Developing",
        "return": 0.116279,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "color": "red",
        "start": "2023-08-25",
        "end": "2024-01-19",
        "tenure": "Established",
        "return": -0.092486,
        "active": false
      },
      {
        "regime": "balance",
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        "return": -0.119205,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-10-04",
        "tenure": "Extended",
        "return": -0.333333,
        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-11-15",
        "end": "2025-07-18",
        "tenure": "Extended",
        "return": -0.416667,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "return": 0.190476,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      },
      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
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        "active": true
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    ],
    "chart_path": [
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-05-01",
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
      {
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      {
        "date": "2026-05-29",
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      {
        "date": "2026-06-05",
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      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 3941475.0,
        "trend": 0.329667,
        "fair_value": 0.796667,
        "relative_strength": -29.677899,
        "stage": 4,
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        "energy": 15.290909,
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      },
      {
        "date": "2026-07-17",
        "close": 0.3,
        "volume": 5048900,
        "typical_volume": 3857915.0,
        "trend": 0.327667,
        "fair_value": 0.786795,
        "relative_strength": -31.877147,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -52.937432,
        "energy": 21.111012,
        "activity_lines": [
          0.314667,
          0.315091,
          0.318714,
          0.320495
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.29,
        "volume": 4327100,
        "typical_volume": 3840595.0,
        "trend": 0.325,
        "fair_value": 0.776667,
        "relative_strength": -33.532328,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -57.98628,
        "energy": 35.280514,
        "activity_lines": [
          0.305333,
          0.31,
          0.316143,
          0.318065
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.29,
        "volume": 1088200,
        "typical_volume": 3749360.0,
        "trend": 0.322667,
        "fair_value": 0.766603,
        "relative_strength": -31.715519,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -58.745099,
        "energy": 53.341044,
        "activity_lines": [
          0.298,
          0.306182,
          0.313524,
          0.315806
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.29,
        "volume": 3205700,
        "typical_volume": 3291525.0,
        "trend": 0.320333,
        "fair_value": 0.757372,
        "relative_strength": -30.341814,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.404066,
        "energy": 56.186611,
        "activity_lines": [
          0.292667,
          0.302727,
          0.310905,
          0.313699
        ]
      }
    ],
    "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."
    }
  }
}