260 completed weekly observations ยท 25 Sep 2026

SET ยท Equity ยท technical research

TU Technicals

Thai Union Group Public Company Limited

Consumer Defensive ยท Packaged Foods

Aligned upwardPrice-technical state

Week ending25 September 2026
+0.0%
Open
12.90
High
13.50
Low
12.60
Close
12.70 THB
Open chart Market Dynamics Report โ†—
Research for TU
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Price structureAligned upwardcompleted-week alignment
Momentum59.3Positive
Risk pressure4.6%Normal
Trend quality20.9Range-led
Range position69%location inside observed range
Adaptive set6 viewsselected for the current tape

01 ยท Market Dynamics

Price and underlying support

Weekly close ยท published Market Dynamics
Upward price structure remains intact, but support is fading

Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. The upward price structure remains intact, but its underlying support has weakened.

Preparing Market Dynamics chart Checking the chart library, completed-week data and display size.
Weekly close Supportive Market Dynamics Cautious Market Dynamics Accumulation zone Distribution zone Positioning recovery Reversal warning Reversal danger
Current tape relationship
Positive support is weakening

Market Dynamics eased this week but remains positive.

Price location
Between zones

Price is travelling between the two major positioning zones.

Latest positioning marker
18 Jul 2025

The green dot marks a confirmed recovery where institutional positioning is most plausible.

Market Dynamics confirmation
Weakening

Underlying support has contracted across the recent completed path.

Chart contextPrice is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.

InterpretationTreat the advance as conditional. Renewed Market Dynamics would restore confirmation; continued contraction would increase rollover risk.

Reading the zones and markers

The line shows completed weekly price. Market Dynamics describes the underlying support. Green marks a recovery through the accumulation zone; amber and red identify reversal warnings and danger. Price can stay in the distribution zone while advancing. Read the zones, markers and Market Dynamics together; they do not identify individual trades or prove who is participating.

02 ยท Technical indicators

The price move needs stronger confirmation.

6 selected views ยท 156 observations

Price is above both trend references. Trend strength remains modest, making the recent range worth watching. Market Dynamics is not fully confirming the price structure; compare both readings before treating the move as broadly supported.

Fast trend reference 12.57 THBClose +1.0%Slow trend reference 12.16 THBClose +4.5%Selection adapts to the setup and available history.

Structure

Price and trend

Price12.70

Aligned upward. Price anchors every interpretation against the same completed observations.

Watch Watch whether price holds its trend references or begins to cross back through them.

Values and chart guide ยท 2026-09-25

Price is shown against fast and slow trend references with its current volatility envelope.

Close
12.70
Fast trend
12.57
Slow trend
12.16
Upper envelope
13.40
Lower envelope
10.71

Available history begins 2023-10-06. Missing observations remain gaps.

Structure

Position in the recent range

Range position69.23%

Inside the recent range. Range location is especially useful when a trend is not yet firmly established.

Watch Look for acceptance outside the range or a return toward its middle, supported by momentum.

Values and chart guide ยท 2026-09-25

Price location inside its observed range shows whether the tape is pressing an outer boundary or rotating through value.

Range position
69.23
From high
-5.93
From low
16.51

Available history begins 2023-10-06. Missing observations remain gaps.

Momentum

Momentum

Momentum59.25

Positive pressure. Momentum helps test whether the latest price direction has follow-through.

Watch Watch for pressure to turn with price. A stretched reading alone does not establish a reversal.

Values and chart guide ยท 2026-09-25

Two independent momentum views show whether pressure is broadening, fading or stretched.

Momentum
59.25
Rotation
61.02
Rotation signal
67.48

Available history begins 2023-10-06. Missing observations remain gaps.

Risk

Drawdown and recovery

Drawdown-24.70%

Recovery still incomplete. Distance below the observed high separates recovery from an established new high.

Watch A recovery can improve while price remains below its former high. Track both parts of the path.

Values and chart guide ยท 2026-09-25

Capital impairment and recovery are shown together so return is not separated from path difficulty.

Drawdown
-24.70
Recovery
13.39

Available history begins 2023-10-06. Missing observations remain gaps.

Participation

Volume participation

Activity / norm487.88

Above normal activity. Activity tests the participation behind price; it does not identify who is buying or selling.

Watch Look for sustained participation in the direction of price, rather than a single busy observation.

Values and chart guide ยท 2026-09-25

Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.

Activity versus norm
487.88
Cumulative balance
71.34

Available history begins 2023-10-06. Missing observations remain gaps.

Leadership

Relative strength

Relative strength-5.93

Lagging the benchmark. Price is advancing while relative strength lags; absolute gains and leadership differ.

Watch Watch whether relative strength confirms the absolute trend or continues to disagree.

Values and chart guide ยท 2026-09-25

Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.

Relative strength
-5.93

Available history begins 2023-10-06. Missing observations remain gaps.

More indicators3 additional views from the same history

Structure

Trend strength and direction

Trend strength20.90

Range-led movement. Trend strength helps decide how much weight to put on momentum extremes.

Watch Strength measures persistence, not direction. Compare positive and negative control before interpreting it.

Values and chart guide ยท 2026-09-25

Directional pressure shows which side controls the tape while strength remains direction-neutral.

Trend strength
20.90
Positive direction
23.65
Negative direction
16.43

Available history begins 2023-10-06. Missing observations remain gaps.

Risk

Range and volatility

Range pressure4.65%

Ordinary variability. Recent variability puts the size of price moves and reference gaps in context.

Watch Watch whether a range expansion gains directional follow-through or quickly reverses.

Values and chart guide ยท 2026-09-25

Movement pressure and envelope width show whether risk is expanding, settling or compressed.

Range pressure
4.65
Envelope width
22.35

Available history begins 2023-10-06. Missing observations remain gaps.

Momentum

Momentum change

Impulse expansion0.089

Positive impulse, easing. Acceleration can reveal a change before the broader price structure fully responds.

Watch A return through the neutral line deserves attention when trend and participation also change.

Values and chart guide ยท 2026-09-25

The impulse path separates directional acceleration from a loss of momentum.

Impulse
0.3374
Signal
0.2487
Expansion
0.0888

Available history begins 2023-10-06. Missing observations remain gaps.

03 ยท Scenarios

Conditions to monitor

Possible developments ยท no assigned probabilities
Follow-through

The current direction gains support

Price keeps its trend alignment, momentum follows through and available participation or relative strength confirms. Compare this with the Market Dynamics reading.

Pause or repair

Pressure settles without structural damage

Momentum eases while price holds the relevant trend reference. Quieter activity can accompany a pause; it does not by itself confirm a reversal.

Challenge the view

Price and supporting evidence weaken together

Price loses its current alignment and momentum or leadership moves against it. Reassess the setup if the disagreement persists across completed observations.

Sharemaestro tape intelligence

SM gauge assessment

One assessment resolves price structure and Market Dynamics. The supporting views show the control, force, direction and confidence behind it.

100/100 evidence depth
observed participation included
Joint upward confirmation The gauges support the upward market view

Price structure and Market Dynamics agree. Control, force and direction support the same upward assessment.

SM Consensus Gauge+1.6

Joint upward confirmation

SM Control Gauge+2.5

Control support is limited

SM Force Gauge+17.0

Upward commitment

SM Direction Gauge+10.4

Follow-through is limited

SM Confirmation Gauge11/100

Limited support

SM consensus path ยท Market Dynamics display window

SM Consensus Gauge against price

The bars show the direction and strength of the resolved assessment. Completed price is retained as context.

Latest +1.6
Joint upward confirmation
Supportive consensus Cautious consensus Weekly close Neutral

Control

SM Control Gauge

Shows whether buyer or seller control supports the current assessment and whether that support is strengthening or easing.

Current controlControl support is limitedRecent pathControl support is easingLatest 12 months
Buyer controlSeller controlBalanced

Commitment

SM Force Gauge

Shows the strength of market commitment behind the current assessment.

Current forceUpward commitmentRecent pathBroadly stableLatest 12 months
Positive forceNegative forceActivity intensity

Direction and follow-through

SM Direction Gauge

Shows the directional follow-through behind the current assessment and whether it is established or still developing.

Current directionFollow-through is limitedFollow-throughDevelopingLatest 12 months
Advancing directionDeclining directionFollow-through

Assessment strength

SM Confirmation Gauge

Shows how firmly the current assessment is supported. Greater assessment risk reduces the weight of the conclusion.

ConfirmationLimited supportAssessment riskContainedLatest 12 months
SM Confirmation GaugeAssessment risk

05 ยท Historical record

Evidence from previous conditions

Completed cases ยท open cases excluded from outcomes

TU ยท current evidence

Current conditions

The upward structure still has positive support, but renewed strength is needed to restore full confirmation.

1
NowEasier this week

Market Dynamics eased this week but remains positive.

2
Recent directionWeakened over four weeks

Underlying support has contracted across the recent completed path.

3
Price responsePrice structure is upward

Price is responding in the same broad direction as Market Dynamics.

4
Previous casesRecord building
What strengthens this viewTreat the advance as conditional. Renewed Market Dynamics would restore confirmation; continued contraction would increase rollover risk.What would change itReassess the reading when either price structure or the Market Dynamics state changes materially.

Completed observations

Historical comparisons

Zone visits are counted once and followed through completed weekly closes. Open cases remain separate.

Price relationship Meaningful relationship
Same-week correlation
0.35
Direction agreed
47.3%
Completed comparisons
245
After accumulation1 distinct visit
4 weeks100.0% higher1 outcome 12 weeks100.0% higher1 outcome 26 weeks100.0% higher1 outcome

Average time before leaving the zone: 1.0 weeks.

After distribution5 distinct visits
4 weeks80.0% lower5 outcomes 12 weeks80.0% lower5 outcomes 26 weeks100.0% lower5 outcomes

Average time before leaving the zone: 1.8 weeks.

When the two readings agreed or differed

Completed outcomes by condition

These cases compare price direction with Market Dynamics and show how large disagreements were resolved.

Price higher ยท Market Dynamics positive 60.0% were higher

Average 12-week move: 0.6% from 15 completed cases.

Price lower ยท Market Dynamics negative 52.4% were lower

Average 12-week move: 0.1% from 21 completed cases.

Price higher ยท Market Dynamics cautious Average pullback 7.4%

60.0% were lower after 12 weeks. The deepest pullback arrived after 6.8 weeks on average.

Price cautious ยท Market Dynamics positive Average recovery 7.0%

69.2% were higher after 12 weeks. The strongest recovery arrived after 5.8 weeks on average.

How to use the reading

Strategy observations from this ticker's own record

The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.

Zone positioning
Use distribution to protect capital before considering the short case

After distribution, 80.0% of completed 12-week outcomes were lower across 5 cases. Distinct visits lasted 1.8 weeks on average before leaving the zone.

ApproachReview long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.

Review the case whenA sustained repair in price and Market Dynamics invalidates the downside setup.

Disagreement playbook
Use unsupported price strength to tighten discipline

Comparable disagreements produced an average pullback of 7.4% across 20 completed cases, with the largest move arriving after 6.8 weeks on average.

ApproachAvoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.

Review the case whenThe warning ends when Market Dynamics catches up or price gives way.

Historical outcomes describe this ticker's completed record. They do not make the next move certain and are not trading instructions.

Readings describe completed observations. A strong reading is not a forecast, and historical outcomes are not probabilities for the next move. The full record, related research and technical pack remain available for closer review.

Technical research pack โ†—

Evidence context