{
  "ticker": {
    "uuid": "f6e71b29-6b0b-445a-afce-772a38b7fab5",
    "symbol": "MTW",
    "name": "Make To Win Holding 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": 65.277,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 21.231,
    "architecture_energy": 17.32,
    "architecture_maturity": 8.582,
    "architecture_confidence": 53.379,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
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        "rotation_up": 48.78,
        "upward_expansion": 32.13,
        "deceleration": 39.08,
        "rotation_down": 22.27,
        "downward_expansion": 23.13
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      "activity_lines": [
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        0.804645
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
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    "latest_close": 0.84,
    "trend_reference": 0.813333,
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    "trend_direction": "Weakening",
    "fair_value": 1.338871,
    "distance_from_fair_value": -0.372606,
    "fair_value_direction": "Improving",
    "relative_strength": -19.074648,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.011765,
    "excess_performance": -0.20409,
    "evidence": [
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        "positive": true,
        "value": 0.032787,
        "read": "Above"
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      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.024008,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.372606,
        "read": "Below anchor"
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      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.119922,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.190746,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.088529,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.011765,
        "read": "Negative"
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      {
        "label": "Volume balance",
        "positive": true,
        "value": 3.392488,
        "read": "Demand-led"
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      "relative_activity": 1.782319,
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      "dry_up": 0.996582,
      "accumulation_observations": 4,
      "distribution_observations": 0
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      "from_low_reference": 0.402265
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      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
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        "typical_volume": 1137240.0,
        "trend": 0.811247,
        "fair_value": 1.448337,
        "relative_strength": -26.367598,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": -7.108165,
        "energy": 6.333348,
        "activity_lines": [
          0.798667,
          0.796545,
          0.804857,
          0.811715
        ]
      },
      {
        "date": "2026-06-26",
        "close": 0.78,
        "volume": 118400,
        "typical_volume": 1097535.0,
        "trend": 0.811805,
        "fair_value": 1.430668,
        "relative_strength": -26.026348,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -55.764524,
        "energy": 32.061059,
        "activity_lines": [
          0.792667,
          0.793818,
          0.801048,
          0.809699
        ]
      },
      {
        "date": "2026-07-03",
        "close": 0.79,
        "volume": 62400,
        "typical_volume": 1062810.0,
        "trend": 0.812695,
        "fair_value": 1.414179,
        "relative_strength": -27.524338,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -49.39758,
        "energy": 35.896822,
        "activity_lines": [
          0.790667,
          0.793273,
          0.798524,
          0.808292
        ]
      },
      {
        "date": "2026-07-10",
        "close": 0.79,
        "volume": 1430200,
        "typical_volume": 835665.0,
        "trend": 0.816484,
        "fair_value": 1.39769,
        "relative_strength": -27.208208,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.875362,
        "energy": 33.660241,
        "activity_lines": [
          0.789333,
          0.792727,
          0.796238,
          0.806828
        ]
      },
      {
        "date": "2026-07-17",
        "close": 0.79,
        "volume": 422400,
        "typical_volume": 812660.0,
        "trend": 0.818019,
        "fair_value": 1.381449,
        "relative_strength": -27.133135,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -47.551785,
        "energy": 32.052819,
        "activity_lines": [
          0.789333,
          0.792,
          0.794714,
          0.80512
        ]
      },
      {
        "date": "2026-07-24",
        "close": 0.77,
        "volume": 558700,
        "typical_volume": 781830.0,
        "trend": 0.815667,
        "fair_value": 1.366442,
        "relative_strength": -28.469602,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -57.240025,
        "energy": 34.81131,
        "activity_lines": [
          0.782667,
          0.787636,
          0.79181,
          0.802022
        ]
      },
      {
        "date": "2026-07-31",
        "close": 0.83,
        "volume": 817900,
        "typical_volume": 791815.0,
        "trend": 0.813667,
        "fair_value": 1.352934,
        "relative_strength": -21.373353,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -15.336073,
        "energy": 7.307514,
        "activity_lines": [
          0.798,
          0.794727,
          0.794905,
          0.802946
        ]
      },
      {
        "date": "2026-08-07",
        "close": 0.84,
        "volume": 1454800,
        "typical_volume": 816240.0,
        "trend": 0.813333,
        "fair_value": 1.338871,
        "relative_strength": -19.074648,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 21.231051,
        "energy": 17.31987,
        "activity_lines": [
          0.813333,
          0.802909,
          0.798905,
          0.804645
        ]
      }
    ],
    "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."
    }
  }
}