Weekly structural research · SET · Utilities

GREEN Stage Analysis

Green Resources Public Company Limited

Week ending 2 Oct 2026Close THB 0.82Tenure DevelopingBenchmark ^SET.BK

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Upward Expansion · Re-accelerating

The weekly architecture is expanding upward.

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.

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

Direction 69−100 bearish to +100 bullish

Energy 49/100directional strength

Maturity 35/100lifecycle context

Confidence 74/100evidence agreement

Trend gate Upstructural direction

Activity structure Widecontracting separation

Price acceptance +50.0%position within the Activity structure

Fair Value context -3.7%THB 0.8517 · improving

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	0.82	0.7287	9.23	884100	Upward Expansion	69	49
2026-09-25	0.79	0.7217	2.79	1046300	Upward Expansion	57	42
2026-09-18	0.80	0.7163	5.37	1449200	Upward Expansion	64	49
2026-09-11	0.79	0.711	2.20	5601800	Upward Expansion	60	65
2026-09-04	0.78	0.7063	1.27	815800	Upward Expansion	63	77
2026-08-28	0.80	0.7013	4.12	245800	Upward Expansion	76	82
2026-08-21	0.80	0.6957	1.74	133700	Upward Expansion	78	72
2026-08-14	0.79	0.69	0.78	1270200	Deceleration	74	47
2026-08-07	0.71	0.6853	-10.21	32200	Deceleration	33	19
2026-07-31	0.72	0.6833	-10.19	229000	Deceleration	36	20
2026-07-24	0.72	0.68	-11.81	70400	Deceleration	37	18
2026-07-17	0.73	0.677	-10.92	351000	Upward Expansion	46	26
2026-07-10	0.71	0.6737	-12.96	272300	Upward Expansion	43	29
2026-07-03	0.70	0.6717	-14.43	183700	Upward Expansion	57	49
2026-06-26	0.75	0.6693	-4.87	156600	Upward Expansion	66	62
2026-06-19	0.74	0.6653	-8.49	225400	Upward Expansion	61	42
2026-06-12	0.73	0.662	-11.50	144000	Upward Expansion	57	32
2026-06-05	0.73	0.6583	-11.75	254500	Upward Expansion	58	32
2026-05-29	0.71	0.656	-14.27	2739200	Upward Expansion	43	25
2026-05-22	0.68	0.6543	-17.15	2305000	Upward Expansion	52	31
2026-05-15	0.72	0.654	-11.97	448500	Upward Expansion	59	46
2026-05-08	0.71	0.6523	-12.98	1524400	Upward Expansion	57	55
2026-05-01	0.71	0.652	-13.35	2432900	Upward Expansion	60	63
2026-04-24	0.72	0.6517	-10.69	1491200	Balance	65	67
2026-04-17	0.71	0.6513	-14.13	331600	Balance	34	43
2026-04-10	0.71	0.655	-16.00	3503600	Balance	33	28
2026-04-03	0.69	0.6547	-15.96	30234800	Balance	-2	7
2026-03-27	0.66	0.6547	-19.72	4774500	Downward Expansion	-33	16
2026-03-20	0.62	0.657	-24.36	422900	Downward Expansion	-49	38
2026-03-13	0.61	0.6613	-24.83	437700	Downward Expansion	-55	36
2026-03-06	0.61	0.6667	-25.40	757400	Downward Expansion	-55	26
2026-02-27	0.63	0.6723	-29.46	734000	Downward Expansion	-48	21
2026-02-20	0.64	0.6767	-26.78	1256000	Downward Expansion	-35	17
2026-02-13	0.65	0.68	-23.83	263100	Downward Expansion	-36	20
2026-02-06	0.63	0.6827	-22.64	309200	Downward Expansion	-50	25
2026-01-30	0.63	0.687	-21.66	277800	Downward Expansion	-41	21
2026-01-23	0.63	0.689	-21.68	1527400	Downward Expansion	-43	23
2026-01-16	0.65	0.6913	-17.42	388400	Downward Expansion	-40	24
2026-01-09	0.65	0.6933	-16.60	242200	Downward Expansion	-44	29
2026-01-02	0.62	0.698	-21.34	93600	Downward Expansion	-60	37
2025-12-26	0.63	0.7053	-20.68	414600	Downward Expansion	-58	36
2025-12-19	0.63	0.7123	-20.80	855200	Downward Expansion	-58	36
2025-12-12	0.65	0.7197	-19.00	1721100	Downward Expansion	-55	34
2025-12-05	0.63	0.7273	-23.24	511900	Downward Expansion	-61	48
2025-11-28	0.63	0.7353	-22.83	167800	Downward Expansion	-62	47
2025-11-21	0.64	0.744	-22.10	258400	Downward Expansion	-60	47
2025-11-14	0.62	0.75	-25.93	897700	Downward Expansion	-68	55
2025-11-07	0.66	0.754	-23.75	577100	Downward Expansion	-60	53
2025-10-31	0.66	0.757	-24.66	1156800	Downward Expansion	-62	54
2025-10-24	0.67	0.7597	-24.28	1829400	Downward Expansion	-58	52
2025-10-17	0.67	0.763	-22.45	2279000	Downward Expansion	-62	50
2025-10-10	0.70	0.7657	-20.19	4210300	Downward Expansion	-53	25
2025-10-03	0.70	0.7673	-21.06	8702700	Downward Expansion	-55	26
2025-09-26	0.71	0.771	-19.60	28566400	Downward Expansion	-55	28
2025-09-19	0.82	0.777	-8.60	65571200	Downward Expansion	-28	18
2025-09-12	0.70	0.7803	-22.19	5541000	Downward Expansion	-62	53
2025-09-05	0.69	0.787	-21.95	8146300	Downward Expansion	-66	39
2025-08-29	0.73	0.7953	-15.96	1036800	Downward Expansion	-44	21
2025-08-22	0.75	0.804	-15.19	104300	Downward Expansion	-33	18
2025-08-15	0.77	0.8127	-13.73	166700	Downward Expansion	-32	17
2025-08-08	0.78	0.82	-12.93	393400	Downward Expansion	-36	20
2025-08-01	0.76	0.8277	-12.63	213300	Downward Expansion	-41	26
2025-07-25	0.74	0.837	-15.21	266500	Downward Expansion	-55	38
2025-07-18	0.73	0.8467	-16.08	175800	Downward Expansion	-58	54
2025-07-11	0.76	0.8563	-6.57	124100	Downward Expansion	-60	67
2025-07-04	0.69	0.8667	-15.45	633400	Downward Expansion	-70	73
2025-06-27	0.70	0.881	-11.82	452500	Downward Expansion	-70	66
2025-06-20	0.71	0.8947	-9.85	245100	Balance	-58	47
2025-06-13	0.79	0.907	-5.07	331400	Balance	-41	23
2025-06-06	0.84	0.9163	-0.67	380600	Balance	-14	10
2025-05-30	0.84	0.9247	-2.11	803900	Downward Expansion	-13	14
2025-05-23	0.85	0.9327	-3.54	219600	Downward Expansion	-21	23
2025-05-16	0.88	0.9403	-2.18	206700	Downward Expansion	-24	26
2025-05-09	0.87	0.9467	-4.85	159900	Downward Expansion	-35	25
2025-05-02	0.89	0.9543	-1.97	635600	Downward Expansion	-43	30
2025-04-25	0.82	0.9637	-6.69	184800	Downward Expansion	-64	54
2025-04-18	0.74	0.9717	-15.45	12200	Downward Expansion	-71	66
2025-04-11	0.75	0.9813	-12.95	255400	Downward Expansion	-69	71
2025-04-04	0.74	0.9907	-14.06	354500	Downward Expansion	-75	89
2025-03-28	0.77	1.00	-14.56	176600	Downward Expansion	-71	89
2025-03-21	0.75	1.01	-17.83	239000	Downward Expansion	-84	93
2025-03-14	0.75	1.02	-17.15	927100	Downward Expansion	-91	94
2025-03-07	0.81	1.03	-13.07	1259800	Downward Expansion	-87	88
2025-02-28	0.89	1.03	-4.49	448400	Downward Expansion	-75	81
2025-02-21	0.92	1.04	-4.36	968600	Downward Expansion	-70	76
2025-02-14	0.90	1.04	-8.27	375300	Downward Expansion	-82	79
2025-02-07	0.94	1.05	-5.02	472900	Downward Expansion	-77	70
2025-01-31	0.99	1.05	-2.88	931800	Downward Expansion	-63	56
2025-01-24	1.01	1.06	-4.13	536400	Downward Expansion	-58	55
2025-01-17	0.99	1.06	-5.48	626600	Downward Expansion	-68	62
2025-01-10	1.01	1.07	-5.48	707800	Balance	-52	51
2025-01-03	1.04	1.07	-3.56	318600	Balance	-41	32
2024-12-27	1.03	1.07	-5.07	346900	Balance	-42	25
2024-12-20	1.02	1.08	-2.90	1479700	Balance	-33	14
2024-12-13	1.07	1.08	-2.32	2033400	Balance	15	11
2024-12-06	1.12	1.09	1.40	1363100	Balance	27	22
2024-11-29	1.11	1.09	2.84	1015700	Balance	-3	5
2024-11-22	1.08	1.09	-0.61	1035900	Balance	-23	11
2024-11-15	1.07	1.09	-0.69	4493100	Balance	-22	10
2024-11-08	1.09	1.09	0.28	3080600	Balance	-17	9
2024-11-01	1.08	1.09	0.04	984100	Balance	-10	10
2024-10-25	1.08	1.09	0.72	1039000	Balance	12	20
2024-10-18	1.07	1.09	-1.36	4009900	Balance	12	20
2024-10-11	1.10	1.09	3.20	6497600	Balance	12	20
2024-10-04	1.17	1.09	12.30	15605700	Balance	1	13
2024-09-27	1.06	1.08	2.00	3547200	Balance	-34	17
2024-09-20	1.03	1.07	-0.66	0	Deceleration	-12	15
2024-09-13	1.03	1.07	1.57	2345400	Deceleration	-14	16
2024-09-06	1.04	1.07	2.60	1048400	Downward Expansion	-26	24
2024-08-30	1.02	1.08	5.98	3194700	Downward Expansion	-31	46
2024-08-23	1.03	1.08	7.79	3291200	Downward Expansion	-59	62
2024-08-16	0.99	1.09	8.13	748300	Balance	-56	64
2024-08-09	0.97	1.09	7.00	3571300	Balance	-34	47
2024-08-02	1.03	1.09	12.86	1701800	Balance	-22	22
2024-07-26	1.06	1.08	17.30	2749400	Balance	5	6
2024-07-19	1.11	1.07	22.69	4608500	Balance	29	12
2024-07-12	1.12	1.05	23.03	1716400	Balance	30	14
2024-07-05	1.13	1.04	26.94	9714100	Balance	31	15
2024-06-28	1.13	1.03	29.03	3358000	Upward Expansion	34	17
2024-06-21	1.11	1.01	27.32	2880000	Upward Expansion	37	19
2024-06-14	1.12	1.00	29.52	72477600	Upward Expansion	51	31
2024-06-07	1.16	0.987	32.31	18579000	Upward Expansion	55	44
2024-05-31	1.15	0.9713	30.78	5372800	Upward Expansion	58	52
2024-05-24	1.22	0.9567	37.67	16265100	Upward Expansion	66	56
2024-05-17	1.21	0.939	35.66	72042600	Upward Expansion	67	56
2024-05-10	1.14	0.9247	29.62	47345300	Deceleration	58	39
2024-05-03	1.09	0.9137	24.78	120886800	Deceleration	53	34
2024-04-26	1.12	0.9043	29.59	24273100	Deceleration	57	36
2024-04-19	1.06	0.8967	25.66	0	Deceleration	49	26
2024-04-12	1.06	0.8913	20.15	32048800	Deceleration	46	25
2024-04-05	1.01	0.888	16.39	11902300	Deceleration	45	28
2024-03-29	1.08	0.887	24.31	128381800	Deceleration	49	26
2024-03-22	1.02	0.8823	17.32	14133000	Deceleration	31	18
2024-03-15	1.17	0.8807	34.11	73092800	Deceleration	46	27
2024-03-08	0.86	0.8703	-0.91	5206300	Deceleration	23	24
2024-03-01	0.85	0.8697	-0.93	4069700	Upward Expansion	35	24
2024-02-23	0.99	0.8713	12.62	29582600	Upward Expansion	62	51
2024-02-16	1.03	0.8683	18.25	23125100	Upward Expansion	67	81
2024-02-09	1.27	0.8677	45.88	31791900	Rotation Up	81	93
2024-02-02	1.23	0.855	42.67	37458300	Rotation Up	57	82
2024-01-26	1.25	0.843	47.55	167370000	Rotation Up	54	71
2024-01-19	1.01	0.8297	18.83	7102800	Rotation Up	46	43
2024-01-12	0.87	0.8243	0.19	6715900	Downward Expansion	-6	11
2024-01-05	0.73	0.829	-17.00	1086300	Downward Expansion	-43	34
2023-12-29	0.70	0.838	-20.22	672200	Downward Expansion	-50	38
2023-12-22	0.73	0.8477	-16.69	435000	Downward Expansion	-44	34
2023-12-15	0.72	0.8573	-17.43	637400	Downward Expansion	-47	38
2023-12-08	0.73	0.867	-16.14	898400	Downward Expansion	-59	47
2023-12-01	0.73	0.8767	-16.54	115200	Downward Expansion	-62	57
2023-11-24	0.72	0.8873	-19.14	1409700	Downward Expansion	-65	72
2023-11-17	0.70	0.8993	-22.86	390800	Downward Expansion	-67	76
2023-11-10	0.69	0.9133	-23.10	284000	Downward Expansion	-73	80
2023-11-03	0.71	0.928	-23.13	447000	Downward Expansion	-72	76
2023-10-27	0.69	0.942	-24.24	900400	Downward Expansion	-81	78
2023-10-20	0.78	0.9583	-15.80	132500	Downward Expansion	-66	65
2023-10-13	0.81	0.9713	-16.53	455600	Balance	-58	52

Price vs TrendAbove+12.5%

Trend directionRising+7.2%

Price vs current Fair ValueBelow anchor-3.7%

Fair Value directionClosing upward+15.2%

Relative Strength vs benchmarkLeading+9.2%

Relative strength directionImproving+23.7%

Price momentumPositive+18.8%

Volume balanceDemand-led5.07×

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

69 / ±100

+6.5 points since 2026-09-04

Energy

49 /100

-27.6 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.

GREEN Directional State ↗ GREEN Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance14

Rotation Up57

Upward Expansion77

Deceleration68

Rotation Down19

Downward Expansion6

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 20%Rotation Up 3%Upward Expansion 19%Deceleration 10%Downward Expansion 49%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Upward Expansion	2026-08-21	2026-10-02	Developing	+2.5%
Deceleration	2026-07-24	2026-08-14	New	+9.7%
Upward Expansion	2026-05-01	2026-07-17	Developing	+2.8%
Balance	2026-04-03	2026-04-24	New	+4.3%
Downward Expansion	2025-06-27	2026-03-27	Extended	-5.7%
Balance	2025-06-06	2025-06-20	New	-15.5%
Downward Expansion	2025-01-17	2025-05-30	Established	-15.2%
Balance	2024-09-27	2025-01-10	Established	-4.7%
Deceleration	2024-09-13	2024-09-20	New	+0.0%
Downward Expansion	2024-08-23	2024-09-06	New	+1.0%
Balance	2024-07-05	2024-08-16	Developing	-12.4%
Upward Expansion	2024-05-17	2024-06-28	Developing	-6.6%
Deceleration	2024-03-08	2024-05-10	Developing	+32.6%
Upward Expansion	2024-02-16	2024-03-01	New	-17.5%

Classic Stage Analysis comparison

Stage 1 · Basing43

Stage 2 · Advancing100

Stage 3 · Distribution29

Stage 4 · Declining0

Legacy result: Stage 2 · Stage 2A · Early advance. 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

Leading benchmark

Architecture confirmation: 93/100
Current Relative Strength: 9.23
Relative Strength direction: Improving
Price momentum: +18.8%
Excess performance vs benchmark: +10.8%
Utilities regime cohort: 25th percentile12 in cohort

Test GREEN trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.96×

Latest completed volume relative to typical participation.

Up/down volume5.07×

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+100.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationStable

Current relationship between Fast Activity and Slow Activity.

Structure stability+0.0%

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 GREEN Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity THB 0.8013rising

Slow Activity THB 0.7529rising

Trend Reference THB 0.7287+12.5% close margin

Current Fair Value THB 0.8517-3.7% close margin

Structural low THB 0.68shock / repair context

What changes the read?

Sustained fan recompression, a fast-line rollover or repeated closes inside/below the fan move the read toward Deceleration or Rotation Down.

Range context +5.2%

Annualized volatility +23.1%

From structural high -9.9%

From structural low +43.9%

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	12	+0.0%-12.6% to +15.1%	+33.3%	+33.3%	+0.2%	+58.3%	Usable descriptive sample
Intermediate	5	+1.4%-21.6% to +17.5%	+60.0%	+60.0%	-7.4%	+40.0%	Usable descriptive sample
Extended	2	-7.9%-11.9% to -3.9%	+0.0%	+0.0%	-8.3%	+0.0%	Too little matched history
Full cycle	2	-22.4%-32.2% to -12.6%	+0.0%	+0.0%	-18.5%	+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.

GREEN Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding upward.

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

Leading 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 weekly architecture is expanding upward.

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 ?

Leading 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