{ "ticker": { "uuid": "0b2aabf3-778e-4293-8826-db714bc38dd1", "symbol": "600834", "name": "Shanghai Shentong Metro 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": -43.5, "architecture_energy": 29.65, "architecture_maturity": 99.275, "architecture_confidence": 88.78, "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": 22.0, "rotation_up": 27.26, "upward_expansion": 16.72, "deceleration": 46.99, "rotation_down": 34.44, "downward_expansion": 66.72 }, "activity_lines": [ 7.126667, 7.031082, 7.282231, 7.565526 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 7.29, "trend_reference": 7.95123, "distance_from_trend": -0.083161, "trend_direction": "Weakening", "fair_value": 7.986353, "distance_from_fair_value": -0.087193, "fair_value_direction": "Weakening", "relative_strength": -11.178106, "relative_strength_direction": "Improving", "price_momentum": -0.179054, "excess_performance": -0.13585, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.083161, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.0577, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.087193, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.094711, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.111781, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.027336, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.179054, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.506859, "read": "Supply-led" } ], "volume": { "latest": 11408923, "relative_activity": 1.019343, "balance": 0.506859, "dry_up": 1.036645, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.064321, "annualized_volatility": 0.186848, "from_high_reference": -0.22858, "from_low_reference": 0.106222 }, "levels": { "trend_reference": 7.95123, "fair_value_reference": 7.986353, "structural_low": 6.59, 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"activity_lines": [ 6.884374, 7.039168, 7.439777, 7.73973 ] }, { "date": "2026-07-24", "close": 6.81, "volume": 9119048, "typical_volume": 11237575.3, "trend": 8.024386, "fair_value": 7.9976, "relative_strength": -15.223219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.071761, "energy": 59.202195, "activity_lines": [ 6.865528, 6.961442, 7.34904, 7.658086 ] }, { "date": "2026-07-31", "close": 7.29, "volume": 14190913, "typical_volume": 11257543.0, "trend": 7.990303, "fair_value": 7.992261, "relative_strength": -9.1736, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.1283, "energy": 41.552245, "activity_lines": [ 7.016494, 6.990626, 7.312492, 7.610707 ] }, { "date": "2026-08-07", "close": 7.29, "volume": 11408923, "typical_volume": 11192429.7, "trend": 7.95123, "fair_value": 7.986353, "relative_strength": -11.178106, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.499582, "energy": 29.649859, "activity_lines": [ 7.126667, 7.031082, 7.282231, 7.565526 ] } ], "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." } } }