{
  "ticker": {
    "uuid": "00fdb5cd-837c-445a-9044-40a4e2e62fe0",
    "symbol": "002708",
    "name": "Changzhou Nrb Corporation",
    "exchange": "SHZ",
    "country": "CN",
    "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": "399001.SZ",
    "stage": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -65.362,
    "architecture_energy": 76.884,
    "architecture_maturity": 19.818,
    "architecture_confidence": 78.841,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding downward.",
        "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation."
      },
      "scores": {
        "balance": 15.32,
        "rotation_up": 8.44,
        "upward_expansion": 17.63,
        "deceleration": 37.06,
        "rotation_down": 77.67,
        "downward_expansion": 93.29
      },
      "activity_lines": [
        10.079333,
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        12.478762,
        12.77028
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 10.52,
    "trend_reference": 13.112667,
    "distance_from_trend": -0.197722,
    "trend_direction": "Weakening",
    "fair_value": 10.390833,
    "distance_from_fair_value": 0.012431,
    "fair_value_direction": "Weakening",
    "relative_strength": -21.582554,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.228739,
    "excess_performance": -0.236139,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.197722,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.015689,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.012431,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.438803,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.215826,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.144912,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.228739,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.417118,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 74189179,
      "relative_activity": 0.789524,
      "balance": 1.417118,
      "dry_up": 0.975262,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.178268,
      "annualized_volatility": 0.723393,
      "from_high_reference": -0.362424,
      "from_low_reference": 0.221835
    },
    "levels": {
      "trend_reference": 13.112667,
      "fair_value_reference": 10.390833,
      "structural_low": 8.61,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 16,
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        "positive_rate": 0.8125,
        "directional_follow_through": 0.1875,
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        "worst_return": -0.068123,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
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        "worst_return": -0.003431,
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      },
      {
        "horizon": "Extended",
        "sample_count": 4,
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        "positive_rate": 1.0,
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      {
        "horizon": "Full cycle",
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      },
      {
        "date": "2026-04-24",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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        "stage": 3,
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 10.331282,
        "relative_strength": -21.569034,
        "stage": 3,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -28.926432,
        "energy": 22.856373,
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      },
      {
        "date": "2026-07-17",
        "close": 9.79,
        "volume": 114297674,
        "typical_volume": 88936409.5,
        "trend": 13.409667,
        "fair_value": 10.344936,
        "relative_strength": -25.012053,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -52.637283,
        "energy": 57.664753,
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          11.809333,
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          13.408286,
          13.421634
        ]
      },
      {
        "date": "2026-07-24",
        "close": 9.53,
        "volume": 91484248,
        "typical_volume": 90245758.7,
        "trend": 13.311667,
        "fair_value": 10.354744,
        "relative_strength": -26.922226,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -77.645884,
        "energy": 78.902674,
        "activity_lines": [
          10.764,
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          13.043571,
          13.171333
        ]
      },
      {
        "date": "2026-07-31",
        "close": 9.78,
        "volume": 86598565,
        "typical_volume": 92013340.7,
        "trend": 13.204667,
        "fair_value": 10.366795,
        "relative_strength": -23.539368,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.252513,
        "energy": 80.6596,
        "activity_lines": [
          10.178667,
          11.553091,
          12.718952,
          12.943484
        ]
      },
      {
        "date": "2026-08-07",
        "close": 10.52,
        "volume": 74189179,
        "typical_volume": 93967004.65,
        "trend": 13.112667,
        "fair_value": 10.390833,
        "relative_strength": -21.582554,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.361652,
        "energy": 76.883589,
        "activity_lines": [
          10.079333,
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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."
    }
  }
}