{ "ticker": { "uuid": "06e48df4-b5ab-4181-b098-ea3b0b6a52d6", "symbol": "300004", "name": "Nanfang Ventilator Co., Ltd.", "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": -66.715, "architecture_energy": 78.926, "architecture_maturity": 28.0, "architecture_confidence": 85.336, "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": 11.15, "rotation_up": 10.39, "upward_expansion": 18.61, "deceleration": 38.51, "rotation_down": 76.52, "downward_expansion": 94.28 }, "activity_lines": [ 8.003333, 8.845818, 10.759286, 11.637785 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 8.44, "trend_reference": 12.663333, "distance_from_trend": -0.333509, "trend_direction": "Weakening", "fair_value": 7.998333, "distance_from_fair_value": 0.05522, "fair_value_direction": "Weakening", "relative_strength": -31.900549, "relative_strength_direction": "Weakening", "price_momentum": -0.419532, "excess_performance": -0.426932, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.333509, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.034022, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.05522, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.758147, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.319005, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.311705, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.419532, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.782323, "read": "Supply-led" } ], "volume": { "latest": 103391623, "relative_activity": 1.136319, "balance": 0.782323, "dry_up": 1.058433, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.217645, "annualized_volatility": 0.699702, "from_high_reference": -0.533186, "from_low_reference": 0.28855 }, "levels": { "trend_reference": 12.663333, "fair_value_reference": 7.998333, "structural_low": 6.55, "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": 18, "median_return": 0.029072, "positive_rate": 0.611111, "directional_follow_through": 0.388889, "median_excess_return": 0.008032, "regime_survival": 0.722222, "best_return": 0.262651, "worst_return": -0.139113, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.013054, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.030959, "regime_survival": 0.375, "best_return": 0.683168, "worst_return": -0.12931, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.056593, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.121323, "regime_survival": 0.333333, "best_return": 0.626238, "worst_return": -0.115974, "sufficient": true }, { "horizon": "Full 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"typical_volume": 92908190.35, "trend": 13.079667, "fair_value": 7.953205, "relative_strength": -35.215183, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.026734, "energy": 89.092868, "activity_lines": [ 9.228667, 10.68, 12.065857, 12.62628 ] }, { "date": "2026-07-24", "close": 7.34, "volume": 102620070, "typical_volume": 92766316.05, "trend": 12.951667, "fair_value": 7.965449, "relative_strength": -39.011139, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.816322, "energy": 90.534164, "activity_lines": [ 8.387333, 9.818364, 11.552762, 12.255979 ] }, { "date": "2026-07-31", "close": 7.72, "volume": 93781632, "typical_volume": 92418754.15, "trend": 12.790333, "fair_value": 7.980128, "relative_strength": -34.622223, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.470227, "energy": 87.158143, "activity_lines": [ 8.003333, 9.19, 11.109857, 11.918452 ] }, { "date": "2026-08-07", "close": 8.44, "volume": 103391623, "typical_volume": 90988235.45, "trend": 12.663333, "fair_value": 7.998333, "relative_strength": -31.900549, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.714902, "energy": 78.925792, "activity_lines": [ 8.003333, 8.845818, 10.759286, 11.637785 ] } ], "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." } } }