{ "ticker": { "uuid": "0461bd28-5426-4c51-8a5c-1e71be8178af", "symbol": "605178", "name": "Beijing New Space Technology Co., Ltd.", "exchange": "SHH", "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": "000001.SS", "stage": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "mixed", "architecture_direction": -6.219, "architecture_energy": 22.165, "architecture_maturity": 73.018, "architecture_confidence": 61.247, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "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." }, "scores": { "balance": 52.5, "rotation_up": 17.61, "upward_expansion": 25.55, "deceleration": 73.24, "rotation_down": 59.37, "downward_expansion": 33.88 }, "activity_lines": [ 69.155334, 77.673636, 75.976333, 74.288838 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 66.150002, "trend_reference": 71.531, "distance_from_trend": -0.075226, "trend_direction": "Improving", "fair_value": 31.77782, "distance_from_fair_value": 1.081641, "fair_value_direction": "Weakening", "relative_strength": 11.585431, "relative_strength_direction": "Weakening", "price_momentum": -0.013128, "excess_performance": 0.030075, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.075226, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.083721, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.081641, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.438645, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.115854, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.289646, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.013128, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.715511, "read": "Supply-led" } ], "volume": { "latest": 24888821, "relative_activity": 1.462746, "balance": 0.715511, "dry_up": 1.44585, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.243851, "annualized_volatility": 1.046475, "from_high_reference": -0.464155, "from_low_reference": 1.997281 }, "levels": { "trend_reference": 71.531, "fair_value_reference": 31.77782, "structural_low": 53.91, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": 0.003384, "positive_rate": 0.533333, "directional_follow_through": 0.533333, "median_excess_return": -0.011375, "regime_survival": 0.666667, "best_return": 0.453265, "worst_return": -0.50608, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.04642, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.057524, "regime_survival": 0.5, "best_return": 0.864204, "worst_return": -0.139108, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.133418, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.06143, "regime_survival": 0.0, "best_return": 1.694589, "worst_return": -0.247769, "sufficient": false }, { 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{ "date": "2026-07-17", "close": 88.650002, "volume": 29249474, "typical_volume": 15849122.5, "trend": 70.487333, "fair_value": 30.997885, "relative_strength": 62.366511, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 61.173486, "energy": 75.735212, "activity_lines": [ 96.764667, 86.437636, 79.410047, 75.803613 ] }, { "date": "2026-07-24", "close": 63.509998, "volume": 26177441, "typical_volume": 16293643.55, "trend": 70.899333, "fair_value": 31.260256, "relative_strength": 13.282851, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 38.688753, "energy": 52.296016, "activity_lines": [ 87.028, 83.412727, 78.284857, 75.353462 ] }, { "date": "2026-07-31", "close": 59.299999, "volume": 18089620, "typical_volume": 16567977.5, "trend": 71.052333, "fair_value": 31.493974, "relative_strength": 4.21376, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 8.739948, "energy": 10.627473, "activity_lines": [ 75.976666, 79.857636, 76.78419, 74.605118 ] }, { "date": "2026-08-07", "close": 66.150002, "volume": 24888821, "typical_volume": 17015136.55, "trend": 71.531, "fair_value": 31.77782, "relative_strength": 11.585431, "stage": 3, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "mixed", "direction": -6.218935, "energy": 22.164762, "activity_lines": [ 69.155334, 77.673636, 75.976333, 74.288838 ] } ], "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." } } }