{ "ticker": { "uuid": "047c46af-822d-41cd-93bc-ed6fc35d5280", "symbol": "600756", "name": "Inspur Software 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -18.377, "architecture_energy": 19.383, "architecture_maturity": 87.232, "architecture_confidence": 74.805, "architecture_tenure": "Established", "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": 42.18, "rotation_up": 39.42, "upward_expansion": 22.61, "deceleration": 41.32, "rotation_down": 22.09, "downward_expansion": 56.61 }, "activity_lines": [ 14.945333, 14.143636, 14.439048, 15.069183 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 15.56, "trend_reference": 16.006667, "distance_from_trend": -0.027905, "trend_direction": "Weakening", "fair_value": 14.635465, "distance_from_fair_value": 0.063171, "fair_value_direction": "Weakening", "relative_strength": -5.403414, "relative_strength_direction": "Weakening", "price_momentum": -0.116913, "excess_performance": -0.073709, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.027905, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.102497, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.063171, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.116085, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.054034, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.009705, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.116913, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.051494, "read": "Demand-led" } ], "volume": { "latest": 197163905, "relative_activity": 2.485574, "balance": 1.051494, "dry_up": 2.231039, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.110144, "annualized_volatility": 0.494068, "from_high_reference": -0.406333, "from_low_reference": 0.299916 }, "levels": { "trend_reference": 16.006667, "fair_value_reference": 14.635465, "structural_low": 11.97, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": 0.011664, "positive_rate": 0.56, "directional_follow_through": 0.44, "median_excess_return": -0.007268, "regime_survival": 0.8, "best_return": 0.32133, "worst_return": -0.228807, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.059413, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": 0.062774, "regime_survival": 0.555556, "best_return": 0.657787, "worst_return": -0.189189, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.121029, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.083978, "regime_survival": 0.333333, "best_return": 0.903689, "worst_return": -0.184071, "sufficient": true }, { "horizon": "Full cycle", 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"fair_value": 14.633536, "relative_strength": -13.024924, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.223583, "energy": 38.671519, "activity_lines": [ 13.296, 13.269818, 14.29619, 15.09286 ] }, { "date": "2026-07-31", "close": 16.33, "volume": 231162921, "typical_volume": 79609320.0, "trend": 16.102, "fair_value": 14.633869, "relative_strength": 1.916668, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.681017, "energy": 16.939041, "activity_lines": [ 14.389333, 13.785818, 14.40119, 15.104151 ] }, { "date": "2026-08-07", "close": 15.56, "volume": 197163905, "typical_volume": 79323295.25, "trend": 16.006667, "fair_value": 14.635465, "relative_strength": -5.403414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -18.376613, "energy": 19.382725, "activity_lines": [ 14.945333, 14.143636, 14.439048, 15.069183 ] } ], "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." } } }