{
  "ticker": {
    "uuid": "f2f97c22-6d00-46b5-aabe-79997dc21127",
    "symbol": "PAF",
    "name": "Pan Asia Footwear 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": 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": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 56.839,
    "architecture_energy": 42.572,
    "architecture_maturity": 33.156,
    "architecture_confidence": 71.712,
    "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": 22.43,
        "rotation_up": 46.8,
        "upward_expansion": 77.11,
        "deceleration": 59.14,
        "rotation_down": 24.78,
        "downward_expansion": 6.11
      },
      "activity_lines": [
        0.936,
        0.931818,
        0.891622,
        0.845726
      ],
      "activity_state": "Moderate",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 0.92,
    "trend_reference": 0.789122,
    "distance_from_trend": 0.165852,
    "trend_direction": "Improving",
    "fair_value": 0.996954,
    "distance_from_fair_value": -0.077189,
    "fair_value_direction": "Improving",
    "relative_strength": 0.500168,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.368144,
    "excess_performance": 0.175819,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.165852,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.099799,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.077189,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.033476,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.005002,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.016649,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.368144,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.468807,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 6631800,
      "relative_activity": 0.898916,
      "balance": 0.468807,
      "dry_up": 0.817999,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.091137,
      "annualized_volatility": 0.778686,
      "from_high_reference": -0.20484,
      "from_low_reference": 0.604031
    },
    "levels": {
      "trend_reference": 0.789122,
      "fair_value_reference": 0.996954,
      "structural_low": 0.573555,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": -0.017763,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.034238,
        "regime_survival": 0.375,
        "best_return": 0.060811,
        "worst_return": -0.06383,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.07917,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.086393,
        "regime_survival": 0.0,
        "best_return": 0.032258,
        "worst_return": -0.244681,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": -0.244681,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.252418,
        "regime_survival": 0.0,
        "best_return": -0.120968,
        "worst_return": -0.312486,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.389236,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.332206,
        "regime_survival": 0.0,
        "best_return": -0.329845,
        "worst_return": -0.448627,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-06-07",
        "tenure": "Established",
        "return": -0.080797,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2024-07-05",
        "tenure": "New",
        "return": -0.008333,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-09-27",
        "tenure": "Developing",
        "return": 0.008197,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
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      {
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      {
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      {
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      {
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      },
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        "date": "2026-07-03",
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        "relative_strength": -0.097386,
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        "modifier": "Re-accelerating",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 6798335.0,
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        "relative_strength": 4.438428,
        "stage": 2,
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        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.244024,
        "energy": 63.592289,
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      },
      {
        "date": "2026-07-24",
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        "volume": 5374400,
        "typical_volume": 7060455.0,
        "trend": 0.77327,
        "fair_value": 1.000447,
        "relative_strength": -0.890815,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 61.717633,
        "energy": 61.095821,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 0.94,
        "volume": 923200,
        "typical_volume": 7084405.0,
        "trend": 0.78153,
        "fair_value": 0.998796,
        "relative_strength": 1.576563,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 60.10696,
        "energy": 54.927864,
        "activity_lines": [
          0.944667,
          0.928,
          0.883064,
          0.836792
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.92,
        "volume": 6631800,
        "typical_volume": 7377550.0,
        "trend": 0.789122,
        "fair_value": 0.996954,
        "relative_strength": 0.500168,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.838544,
        "energy": 42.57218,
        "activity_lines": [
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          0.891622,
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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."
    }
  }
}