{
  "ticker": {
    "uuid": "eff7a76f-e96a-4498-8183-7fed8ea12498",
    "symbol": "SNNP",
    "name": "Srinanaporn Marketing 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": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Emerging rotation",
    "architecture_gate": "mixed",
    "architecture_direction": 29.15,
    "architecture_energy": 55.059,
    "architecture_maturity": 8.312,
    "architecture_confidence": 61.856,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 26.52,
        "rotation_up": 73.54,
        "upward_expansion": 57.9,
        "deceleration": 12.97,
        "rotation_down": 14.56,
        "downward_expansion": 25.9
      },
      "activity_lines": [
        7.086667,
        6.980909,
        6.866895,
        6.876865
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 1.0
    },
    "latest_close": 7.1,
    "trend_reference": 6.900605,
    "distance_from_trend": 0.028895,
    "trend_direction": "Weakening",
    "fair_value": 10.955946,
    "distance_from_fair_value": -0.35195,
    "fair_value_direction": "Improving",
    "relative_strength": -16.962469,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.042621,
    "excess_performance": -0.149704,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.028895,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.000758,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.35195,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.080705,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.169625,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.097949,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.042621,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.052466,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 2152600,
      "relative_activity": 1.194681,
      "balance": 1.052466,
      "dry_up": 1.401708,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.030878,
      "annualized_volatility": 0.249621,
      "from_high_reference": -0.276239,
      "from_low_reference": 0.121014
    },
    "levels": {
      "trend_reference": 6.900605,
      "fair_value_reference": 10.955946,
      "structural_low": 6.4,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 1,
        "median_return": -0.127273,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.095699,
        "regime_survival": 0.0,
        "best_return": -0.127273,
        "worst_return": -0.127273,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.160029,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.199875,
        "regime_survival": 0.0,
        "best_return": -0.160029,
        "worst_return": -0.160029,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2023-08-04",
        "tenure": "Developing",
        "return": -0.1,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-01-26",
        "tenure": "Established",
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      },
      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "Extended",
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      },
      {
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "end": "2025-01-17",
        "tenure": "Developing",
        "return": 0.016667,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-04-18",
        "tenure": "Established",
        "return": -0.065041,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-09-05",
        "tenure": "Established",
        "return": -0.137873,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
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        "active": false
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      {
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      {
        "regime": "rotation_up",
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        "active": false
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      {
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        "active": true
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    ],
    "chart_path": [
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        "modifier": "Upper balance after advance",
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      },
      {
        "date": "2026-04-17",
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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": "2026-06-05",
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      },
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      },
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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        "fair_value": 11.332942,
        "relative_strength": -23.221842,
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        "modifier": "Early contraction",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 2206450.0,
        "trend": 6.87143,
        "fair_value": 11.249122,
        "relative_strength": -23.328833,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -15.571071,
        "energy": 17.457455,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 7.1,
        "volume": 4625700,
        "typical_volume": 2216595.0,
        "trend": 6.882692,
        "fair_value": 11.17155,
        "relative_strength": -20.983444,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "mixed",
        "direction": 31.592999,
        "energy": 32.51586,
        "activity_lines": [
          6.93,
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          6.784677,
          6.836063
        ]
      },
      {
        "date": "2026-07-24",
        "close": 7.1,
        "volume": 1536800,
        "typical_volume": 1845795.0,
        "trend": 6.890779,
        "fair_value": 11.09729,
        "relative_strength": -20.258676,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 30.721935,
        "energy": 37.941887,
        "activity_lines": [
          7.013333,
          6.873636,
          6.813692,
          6.850083
        ]
      },
      {
        "date": "2026-07-31",
        "close": 7.1,
        "volume": 1787400,
        "typical_volume": 1753085.0,
        "trend": 6.894105,
        "fair_value": 11.02855,
        "relative_strength": -18.447887,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.030913,
        "energy": 48.660936,
        "activity_lines": [
          7.063333,
          6.931818,
          6.840871,
          6.863581
        ]
      },
      {
        "date": "2026-08-07",
        "close": 7.1,
        "volume": 2152600,
        "typical_volume": 1801820.0,
        "trend": 6.900605,
        "fair_value": 10.955946,
        "relative_strength": -16.962469,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": 29.15006,
        "energy": 55.059137,
        "activity_lines": [
          7.086667,
          6.980909,
          6.866895,
          6.876865
        ]
      }
    ],
    "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."
    }
  }
}