{ "ticker": { "uuid": "0719d1f3-6b7d-4f2f-b3fa-8684bc78a1e7", "symbol": "300065", "name": "Beijing Highlander Digital Technology 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": -60.971, "architecture_energy": 74.943, "architecture_maturity": 24.0, "architecture_confidence": 84.386, "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": 21.25, "rotation_up": 11.23, "upward_expansion": 19.56, "deceleration": 34.27, "rotation_down": 71.39, "downward_expansion": 88.23 }, "activity_lines": [ 17.124667, 18.864364, 20.617952, 21.867978 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 17.16, "trend_reference": 23.214667, "distance_from_trend": -0.260812, "trend_direction": "Improving", "fair_value": 13.969936, "distance_from_fair_value": 0.228352, "fair_value_direction": "Weakening", "relative_strength": -21.909669, "relative_strength_direction": "Weakening", "price_momentum": -0.317422, "excess_performance": -0.324822, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.260812, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.01935, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.228352, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.779682, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.219097, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.285983, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.317422, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.716454, "read": "Supply-led" } ], "volume": { "latest": 209766357, "relative_activity": 0.829271, "balance": 0.716454, "dry_up": 1.237071, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.200511, "annualized_volatility": 0.986901, "from_high_reference": -0.46592, "from_low_reference": 0.19084 }, "levels": { "trend_reference": 23.214667, "fair_value_reference": 13.969936, "structural_low": 14.41, "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": 19, "median_return": 0.010753, "positive_rate": 0.526316, "directional_follow_through": 0.473684, "median_excess_return": 0.021549, "regime_survival": 0.789474, "best_return": 0.268617, "worst_return": -0.257019, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.003742, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.004884, "regime_survival": 0.428571, "best_return": 0.5, "worst_return": -0.290497, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.069311, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.098166, "regime_survival": 0.25, "best_return": 0.396104, "worst_return": -0.334773, "sufficient": false }, { "horizon": "Full cycle", 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"upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-02-28", "end": "2025-04-25", "tenure": "Developing", "return": 0.280779, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-05-02", "end": "2025-05-16", "tenure": "New", "return": 0.030599, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-05-23", "end": "2025-10-10", "tenure": "Established", "return": 0.160237, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-10-17", "end": "2026-01-02", "tenure": "Developing", "return": -0.011963, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-09", "end": "2026-01-16", "tenure": "New", "return": -0.032566, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-01-23", "end": "2026-03-27", 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}, { "date": "2026-07-17", "close": 16.99, "volume": 557875147, "typical_volume": 292552866.4, "trend": 23.399667, "fair_value": 13.890577, "relative_strength": -20.672393, "stage": 3, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -57.636402, "energy": 27.557353, "activity_lines": [ 21.928, 21.436909, 22.560952, 23.278172 ] }, { "date": "2026-07-24", "close": 15.62, "volume": 271959576, "typical_volume": 271763980.4, "trend": 23.35, "fair_value": 13.913269, "relative_strength": -26.917518, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "down", "direction": -74.492054, "energy": 39.723252, "activity_lines": [ 19.907334, 20.343818, 21.816809, 22.776258 ] }, { "date": "2026-07-31", "close": 15.36, "volume": 212081253, "typical_volume": 258430986.45, "trend": 23.248333, "fair_value": 13.933526, "relative_strength": -26.675103, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.171289, "energy": 62.07847, "activity_lines": [ 18.012, 19.355455, 21.105714, 22.260774 ] }, { "date": "2026-08-07", "close": 17.16, "volume": 209766357, "typical_volume": 252952846.4, "trend": 23.214667, "fair_value": 13.969936, "relative_strength": -21.909669, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.971261, "energy": 74.943139, "activity_lines": [ 17.124667, 18.864364, 20.617952, 21.867978 ] } ], "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." } } }