{ "ticker": { "uuid": "06662a3f-172e-4f20-8106-ed7fa5905eef", "symbol": "688065", "name": "Cathay Biotech Inc.", "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": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 54.611, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -10.642, "architecture_energy": 11.093, "architecture_maturity": 44.169, "architecture_confidence": 63.484, "architecture_tenure": "Developing", "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": 60.78, "rotation_up": 24.75, "upward_expansion": 22.91, "deceleration": 65.24, "rotation_down": 34.71, "downward_expansion": 56.25 }, "activity_lines": [ 45.605439, 45.527323, 45.460105, 46.71368 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 48.950001, "trend_reference": 48.984597, "distance_from_trend": -0.000706, "trend_direction": "Weakening", "fair_value": 47.802602, "distance_from_fair_value": 0.024003, "fair_value_direction": "Improving", "relative_strength": -0.343955, "relative_strength_direction": "Improving", "price_momentum": -0.158212, "excess_performance": -0.115008, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.000706, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.022569, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.024003, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.047239, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.00344, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.12826, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.158212, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.646088, "read": "Supply-led" } ], "volume": { "latest": 29895659, "relative_activity": 1.405638, "balance": 0.646088, "dry_up": 1.274466, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.080011, "annualized_volatility": 0.402566, "from_high_reference": -0.241085, "from_low_reference": 0.219178 }, "levels": { "trend_reference": 48.984597, "fair_value_reference": 47.802602, 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27.31743, "activity_lines": [ 44.931162, 44.850742, 45.695179, 47.379751 ] }, { "date": "2026-07-24", "close": 42.753246, "volume": 28062701, "typical_volume": 23006574.3, "trend": 49.169597, "fair_value": 47.991192, "relative_strength": -10.44878, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.73116, "energy": 36.724839, "activity_lines": [ 44.056599, 44.508157, 45.282752, 46.953843 ] }, { "date": "2026-07-31", "close": 45.509998, "volume": 23008451, "typical_volume": 21920044.95, "trend": 49.012931, "fair_value": 47.880432, "relative_strength": -4.88767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.459871, "energy": 36.460287, "activity_lines": [ 44.203404, 44.723648, 45.181237, 46.71774 ] }, { "date": "2026-08-07", "close": 48.950001, "volume": 29895659, "typical_volume": 21268388.1, "trend": 48.984597, "fair_value": 47.802602, "relative_strength": -0.343955, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.641719, "energy": 11.092847, "activity_lines": [ 45.605439, 45.527323, 45.460105, 46.71368 ] } ], "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." } } }