Weekly structural research · SET · Technology

SNC Stage Analysis

SNC Former Public Company Limited

Week ending 2 Oct 2026Close THB 6.90Tenure DevelopingBenchmark ^SET.BK

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Deceleration · Recompressing

The upward structure remains, but its energy is decelerating.

Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down.

The Trend gate is up within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: wide and contracting.

Direction -16−100 bearish to +100 bullish

Energy 35/100directional strength

Maturity 43/100lifecycle context

Confidence 84/100evidence agreement

Trend gate Upstructural direction

Activity structure Widecontracting separation

Price acceptance -50.0%position within the Activity structure

Fair Value context +4.3%THB 6.62 · weakening

Trend Architecture map · Historical context

Weekly close, Activity, Trend and Fair Value

Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.

CloseTrendCurrent Fair Value

Background stage key

BalanceDirection is contained.
Rotation UpStructure is turning higher.
Upward ExpansionUptrend is established.
DecelerationUptrend is losing energy.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-10-02	6.90	6.86	-1.75	229000	Deceleration	-16	35
2026-09-25	7.00	6.82	-2.65	493600	Deceleration	-7	26
2026-09-18	7.25	6.79	2.17	334200	Deceleration	9	26
2026-09-11	7.25	6.76	0.87	352100	Deceleration	24	36
2026-09-04	7.20	6.73	0.66	290700	Deceleration	31	42
2026-08-28	7.40	6.69	3.87	35800	Upward Expansion	44	34
2026-08-21	7.45	6.64	2.49	125800	Upward Expansion	53	54
2026-08-14	7.50	6.60	3.86	194300	Upward Expansion	67	66
2026-08-07	8.75	6.54	20.70	487600	Upward Expansion	82	88
2026-07-31	8.60	6.45	18.19	153000	Upward Expansion	82	93
2026-07-24	8.50	6.36	15.71	821600	Upward Expansion	86	95
2026-07-17	8.10	6.28	10.71	182000	Upward Expansion	80	93
2026-07-10	8.25	6.21	13.95	385800	Upward Expansion	94	97
2026-07-03	8.25	6.14	14.48	1010900	Upward Expansion	97	95
2026-06-26	6.95	6.06	0.63	255100	Upward Expansion	82	91
2026-06-19	6.70	6.03	-5.18	28200	Upward Expansion	70	88
2026-06-12	6.60	5.99	-8.24	70400	Upward Expansion	66	87
2026-06-05	6.75	5.97	-6.04	213900	Upward Expansion	80	92
2026-05-29	6.80	5.94	-5.00	972900	Rotation Up	85	84
2026-05-22	6.40	5.92	-9.38	423100	Rotation Up	37	41
2026-05-15	6.50	5.90	-7.29	2337000	Rotation Up	20	19
2026-05-08	5.75	5.89	-17.44	206700	Downward Expansion	-42	26
2026-05-01	5.65	5.89	-19.22	364200	Downward Expansion	-55	36
2026-04-24	5.50	5.90	-19.97	229300	Downward Expansion	-64	48
2026-04-17	5.60	5.92	-20.23	175300	Downward Expansion	-59	55
2026-04-10	5.60	5.93	-21.81	304200	Downward Expansion	-63	65
2026-04-03	5.60	5.95	-19.35	440100	Downward Expansion	-63	66
2026-03-27	5.60	5.96	-19.44	434600	Balance	-65	51
2026-03-20	5.60	5.97	-19.11	475500	Balance	-29	30
2026-03-13	5.80	5.98	-15.34	228900	Balance	-7	12
2026-03-06	5.75	5.98	-16.56	805500	Upward Expansion	15	18
2026-02-27	6.15	5.99	-17.90	1916100	Upward Expansion	54	57
2026-02-20	6.15	5.98	-15.46	3635100	Upward Expansion	51	54
2026-02-13	6.55	5.97	-6.94	1137600	Upward Expansion	81	67
2026-02-06	6.00	5.96	-9.80	562400	Balance	41	16
2026-01-30	5.95	5.96	-8.59	509900	Balance	1	2
2026-01-23	6.00	5.96	-6.99	476700	Balance	14	7
2026-01-16	5.95	5.96	-4.72	571900	Balance	11	9
2026-01-09	6.00	5.95	-1.98	332800	Balance	43	22
2026-01-02	5.95	5.95	-2.89	115400	Balance	41	18
2025-12-26	6.05	5.96	-0.99	244100	Balance	13	11
2025-12-19	5.90	5.98	-2.66	404000	Balance	-30	14
2025-12-12	6.00	6.00	-0.74	343800	Balance	-24	12
2025-12-05	6.00	6.02	-1.80	318200	Balance	-37	19
2025-11-28	6.00	6.06	-0.04	474100	Balance	-43	29
2025-11-21	5.65	6.09	-5.32	778600	Balance	-67	46
2025-11-14	5.95	6.08	-1.19	683300	Balance	-34	14
2025-11-07	5.95	6.06	-3.39	330300	Balance	-24	11
2025-10-31	6.00	6.05	-2.83	365800	Balance	-21	9
2025-10-24	5.95	6.05	-3.72	364700	Balance	-24	11
2025-10-17	6.05	6.06	1.11	706700	Balance	-18	9
2025-10-10	5.90	6.07	-2.04	521400	Balance	-40	20
2025-10-03	5.95	6.09	-1.51	646900	Balance	-34	15
2025-09-26	6.00	6.08	0.72	656400	Balance	-33	15
2025-09-19	5.95	6.08	-0.97	551800	Balance	-36	18
2025-09-12	6.05	6.06	0.75	504600	Balance	-38	18
2025-09-05	5.90	6.04	0.61	284300	Balance	-26	26
2025-08-29	5.90	6.02	3.01	484100	Balance	-26	27
2025-08-22	5.95	6.02	2.57	672700	Balance	-24	29
2025-08-15	5.85	6.00	0.43	341400	Balance	-22	29
2025-08-08	5.95	5.98	2.13	570200	Balance	5	9
2025-08-01	5.95	5.96	5.98	1289000	Balance	14	10
2025-07-25	5.95	5.95	6.49	674000	Balance	7	6
2025-07-18	6.05	5.94	9.66	456200	Balance	9	10
2025-07-11	6.15	5.91	20.20	245300	Balance	8	14
2025-07-04	6.05	5.87	18.70	346600	Balance	6	18
2025-06-27	5.75	5.85	16.92	419900	Balance	8	19
2025-06-20	5.85	5.84	20.69	377900	Upward Expansion	17	16
2025-06-13	5.95	5.83	16.90	381800	Upward Expansion	32	19
2025-06-06	6.30	5.81	22.29	479000	Upward Expansion	54	37
2025-05-30	6.55	5.79	25.87	446900	Upward Expansion	59	69
2025-05-23	6.65	5.77	25.07	782000	Upward Expansion	59	71
2025-05-16	6.55	5.74	21.46	2903500	Upward Expansion	55	66
2025-05-09	7.20	5.72	32.07	1800600	Rotation Up	77	64
2025-05-02	6.85	5.68	27.20	4082700	Rotation Up	55	26
2025-04-25	5.35	5.65	2.96	367400	Rotation Up	-13	24
2025-04-18	5.40	5.67	4.51	201900	Rotation Up	12	15
2025-04-11	5.50	5.70	8.27	419100	Rotation Up	40	28
2025-04-04	6.00	5.72	18.39	679300	Rotation Up	35	62
2025-03-28	6.20	5.73	17.19	338000	Rotation Up	36	65
2025-03-21	6.50	5.74	21.75	796700	Rotation Up	49	65
2025-03-14	6.35	5.72	20.38	1706000	Balance	38	49
2025-03-07	5.85	5.72	8.32	1405600	Balance	1	10
2025-02-28	5.80	5.69	7.08	2003400	Balance	-4	5
2025-02-21	5.45	5.67	-3.01	766700	Downward Expansion	-32	15
2025-02-14	5.30	5.66	-7.99	478700	Downward Expansion	-53	23
2025-02-07	5.50	5.68	-6.05	558800	Downward Expansion	-34	18
2025-01-31	5.75	5.71	-4.99	836000	Downward Expansion	-27	18
2025-01-24	5.30	5.74	-15.59	252800	Downward Expansion	-48	29
2025-01-17	5.25	5.79	-16.40	461000	Downward Expansion	-49	26
2025-01-10	5.35	5.83	-17.35	770800	Downward Expansion	-47	26
2025-01-03	5.70	5.89	-13.85	489600	Downward Expansion	-44	31
2024-12-27	5.85	5.93	-13.39	1131900	Downward Expansion	-52	44
2024-12-20	5.00	5.97	-24.60	804800	Downward Expansion	-84	91
2024-12-13	5.10	6.04	-27.36	384600	Downward Expansion	-86	91
2024-12-06	5.30	6.10	-26.29	361800	Downward Expansion	-81	87
2024-11-29	5.40	6.17	-24.42	453900	Downward Expansion	-77	82
2024-11-22	5.55	6.23	-24.08	637200	Downward Expansion	-70	75
2024-11-15	5.45	6.27	-25.97	610300	Downward Expansion	-78	72
2024-11-08	5.80	6.33	-23.13	489600	Downward Expansion	-55	37
2024-11-01	5.80	6.37	-23.99	399900	Downward Expansion	-46	33
2024-10-25	5.95	6.41	-22.84	220300	Downward Expansion	-39	31
2024-10-18	5.95	6.45	-25.03	406700	Downward Expansion	-38	28
2024-10-11	6.00	6.49	-24.20	502600	Downward Expansion	-37	25
2024-10-04	5.75	6.54	-26.80	942500	Downward Expansion	-59	30
2024-09-27	6.00	6.59	-24.72	653600	Downward Expansion	-34	20
2024-09-20	6.25	6.63	-22.42	0	Downward Expansion	-27	25
2024-09-13	6.25	6.67	-21.59	504500	Downward Expansion	-29	29
2024-09-06	6.30	6.75	-21.77	344200	Downward Expansion	-33	32
2024-08-30	6.25	6.83	-19.11	671600	Downward Expansion	-46	35
2024-08-23	6.20	6.90	-20.09	532700	Downward Expansion	-64	58
2024-08-16	6.20	6.98	-17.45	2409700	Downward Expansion	-68	85
2024-08-09	4.86	7.07	-35.34	526900	Downward Expansion	-93	97
2024-08-02	5.20	7.21	-32.30	188300	Downward Expansion	-92	97
2024-07-26	5.15	7.33	-33.22	1630500	Downward Expansion	-97	97
2024-07-19	6.00	7.45	-23.42	428900	Downward Expansion	-89	83
2024-07-12	6.45	7.54	-19.15	497000	Downward Expansion	-78	73
2024-07-05	6.55	7.60	-17.12	397500	Downward Expansion	-77	72
2024-06-28	6.70	7.68	-14.99	236700	Downward Expansion	-74	61
2024-06-21	6.70	7.75	-15.72	798600	Downward Expansion	-79	59
2024-06-14	6.90	7.82	-13.64	893600	Downward Expansion	-70	55
2024-06-07	7.05	7.89	-13.95	397800	Downward Expansion	-61	50
2024-05-31	7.10	7.98	-14.63	240200	Downward Expansion	-49	43
2024-05-24	7.00	8.07	-17.49	201300	Downward Expansion	-57	46
2024-05-17	7.00	8.17	-19.09	733300	Downward Expansion	-58	48
2024-05-10	7.40	8.26	-14.35	836600	Downward Expansion	-53	52
2024-05-03	7.25	8.35	-16.72	575200	Downward Expansion	-66	64
2024-04-26	6.70	8.44	-23.19	606600	Downward Expansion	-86	73
2024-04-19	7.05	8.56	-18.39	0	Downward Expansion	-71	68
2024-04-12	7.05	8.66	-22.89	425900	Downward Expansion	-75	69
2024-04-05	7.10	8.77	-21.95	473700	Downward Expansion	-75	74
2024-03-29	7.15	8.88	-22.28	291400	Downward Expansion	-75	88
2024-03-22	7.20	8.99	-22.63	257700	Downward Expansion	-76	91
2024-03-15	7.40	9.09	-21.52	372300	Downward Expansion	-70	89
2024-03-08	7.25	9.17	-23.77	1120200	Downward Expansion	-86	94
2024-03-01	7.25	9.27	-23.39	818700	Downward Expansion	-92	95
2024-02-23	7.50	9.36	-23.17	2935200	Downward Expansion	-91	86
2024-02-16	8.50	9.44	-12.90	533700	Downward Expansion	-67	54
2024-02-09	8.70	9.50	-11.41	527900	Downward Expansion	-56	44
2024-02-02	8.45	9.54	-14.13	544300	Downward Expansion	-71	50
2024-01-26	8.70	9.60	-11.05	591300	Downward Expansion	-50	38
2024-01-19	8.85	9.64	-10.88	230300	Downward Expansion	-47	40
2024-01-12	8.90	9.68	-12.75	833900	Downward Expansion	-52	50
2024-01-05	8.95	9.74	-13.54	689800	Downward Expansion	-65	63
2023-12-29	8.75	9.81	-15.11	349100	Downward Expansion	-68	69
2023-12-22	8.50	9.88	-17.30	350100	Downward Expansion	-78	91
2023-12-15	8.45	9.97	-17.40	833400	Downward Expansion	-86	94
2023-12-08	8.85	10.05	-13.31	735900	Downward Expansion	-73	90
2023-12-01	8.75	10.19	-14.63	571500	Downward Expansion	-87	95
2023-11-24	8.90	10.33	-14.59	583000	Downward Expansion	-87	88
2023-11-17	8.90	10.47	-16.09	2437100	Downward Expansion	-89	75
2023-11-10	9.85	10.61	-5.86	283100	Downward Expansion	-59	44
2023-11-03	9.90	10.73	-7.65	777100	Downward Expansion	-59	48
2023-10-27	9.80	10.85	-7.20	725500	Downward Expansion	-68	58
2023-10-20	9.80	10.97	-8.55	1015800	Downward Expansion	-69	49
2023-10-13	10.00	11.10	-10.64	466500	Downward Expansion	-51	39

Price vs TrendAbove+0.6%

Trend directionRising+7.8%

Price vs current Fair ValuePremium+4.3%

Fair Value directionMoving away-16.7%

Relative Strength vs benchmarkLagging-1.8%

Relative strength directionWeakening-16.2%

Price momentumPositive+23.2%

Volume balanceDemand-led1.17×

Beyond the current label

Is the structure strengthening or losing force?

Direction and energy measure different things

Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.

Direction

-16 / ±100

-46.7 points since 2026-09-04

Energy

35 /100

-6.8 points since 2026-09-04

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

SNC Directional State ↗ SNC Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance37

Rotation Up14

Upward Expansion46

Deceleration83

Rotation Down52

Downward Expansion40

The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.

Time spent in each state

The context behind today’s regime

2023-10-13 to 2026-10-02 · 156 classified observations out of 156 shown.

Balance 25%Rotation Up 7%Upward Expansion 15%Deceleration 3%Downward Expansion 50%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Deceleration	2026-09-04	2026-10-02	Developing	-4.2%
Upward Expansion	2026-06-05	2026-08-28	Established	+9.6%
Rotation Up	2026-05-15	2026-05-29	New	+4.6%
Downward Expansion	2026-04-03	2026-05-08	Developing	+2.7%
Balance	2026-03-13	2026-03-27	New	-3.4%
Upward Expansion	2026-02-13	2026-03-06	New	-12.2%
Balance	2025-06-27	2026-02-06	Extended	+4.3%
Upward Expansion	2025-05-16	2025-06-20	Developing	-10.7%
Rotation Up	2025-03-21	2025-05-09	Developing	+10.8%
Balance	2025-02-28	2025-03-14	New	+9.5%
Downward Expansion	2023-10-13	2025-02-21	Extended	-45.5%
Deceleration	2023-10-06	2023-10-06	New	+0.0%
Downward Expansion	2023-05-12	2023-09-29	Established	-22.0%
Balance	2023-04-14	2023-05-05	New	-4.3%

Classic Stage Analysis comparison

Stage 1 · Basing28

Stage 2 · Advancing74

Stage 3 · Distribution64

Stage 4 · Declining26

Legacy result: Stage 2 · Stage 2B · Advancing. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^SET.BK

Is relative performance confirming the geometry?

Confirmation, not classification

Relative Strength

The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.

Confirmation evidence

Lagging benchmark

Architecture confirmation: 54/100
Current Relative Strength: -1.75
Relative Strength direction: Weakening
Price momentum: +23.2%
Excess performance vs benchmark: +15.1%
Technology regime cohort: 76th percentile21 in cohort

Test SNC trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.65×

Latest completed volume relative to typical participation.

Up/down volume1.17×

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+50.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+25.0%

Whether recent Activity evidence is stable or remains in balance.

Weekly volume with architecture context

Bars show completed weekly volume; the dashed line provides typical-volume context. Both measures use the same scale.

Explore SNC Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity THB 7.06falling

Slow Activity THB 7.27rising

Trend Reference THB 6.86+0.6% close margin

Current Fair Value THB 6.62+4.3% close margin

Structural low THB 5.50shock / repair context

What changes the read?

Renewed positive order and expanding width produce re-acceleration; fast/slow failure with downside acceptance produces Rotation Down.

Range context +4.8%

Annualized volatility +39.8%

From structural high -22.0%

From structural low +25.5%

Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.

Outcome horizon	Samples	Median move	Positive periods	Directional follow-through	Median excess vs ^SET.BK	Regime survived	Read
Near term	7	+0.0%-6.0% to +12.7%	+42.9%	+42.9%	+1.4%	+42.9%	Usable descriptive sample
Intermediate	4	-7.1%-18.2% to +15.8%	+25.0%	+25.0%	-7.4%	+0.0%	Too little matched history
Extended	3	-22.2%-29.0% to +6.8%	+33.3%	+33.3%	-18.9%	+0.0%	Too little matched history
Full cycle	2	-27.6%-45.8% to -9.5%	+0.0%	+0.0%	-19.0%	+0.0%	Too little matched history

Evidence framework

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.

Evidence roles

Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.

Fair Value and RS

Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.

Known limitations

Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.

SNC Stage Analysis

What the Activity Line geometry says now

The upward structure remains, but its energy is decelerating.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength

Lagging benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Send a message

Evidence context

What the Activity Line geometry says now

The upward structure remains, but its energy is decelerating.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength ?

Lagging benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

Test the structure from another angle

Trend Persistence ↗

Directional State ↗

Momentum Intelligence ↗

Volume & Price ↗

Similar Charts ↗

RMI Reversal Map ↗

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Relative Strength

Trend Persistence

Directional State

Momentum Intelligence

Volume & Price

Similar Charts

RMI Reversal Map