{
  "ticker": {
    "uuid": "0b951af0-e13d-429e-aadd-f2139d306765",
    "symbol": "605266",
    "name": "Jianzhijia Pharmaceutical Chain Group 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": -39.631,
    "architecture_energy": 24.324,
    "architecture_maturity": 97.375,
    "architecture_confidence": 85.054,
    "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": 31.61,
        "rotation_up": 27.21,
        "upward_expansion": 15.77,
        "deceleration": 46.99,
        "rotation_down": 28.97,
        "downward_expansion": 63.44
      },
      "activity_lines": [
        16.35,
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        16.584359,
        17.224423
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 16.5,
    "trend_reference": 18.126004,
    "distance_from_trend": -0.089706,
    "trend_direction": "Weakening",
    "fair_value": 28.01676,
    "distance_from_fair_value": -0.411067,
    "fair_value_direction": "Weakening",
    "relative_strength": -13.791012,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.182359,
    "excess_performance": -0.139155,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.089706,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.068885,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.411067,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.014444,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.13791,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.021533,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.182359,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.406154,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 8120945,
      "relative_activity": 1.159435,
      "balance": 0.406154,
      "dry_up": 1.37782,
      "accumulation_observations": 2,
      "distribution_observations": 7
    },
    "risk": {
      "range_context": 0.068201,
      "annualized_volatility": 0.284513,
      "from_high_reference": -0.265033,
      "from_low_reference": 0.11186
    },
    "levels": {
      "trend_reference": 18.126004,
      "fair_value_reference": 28.01676,
      "structural_low": 14.84,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 22,
        "median_return": -0.012116,
        "positive_rate": 0.409091,
        "directional_follow_through": 0.590909,
        "median_excess_return": -0.03947,
        "regime_survival": 0.772727,
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        "worst_return": -0.333956,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "directional_follow_through": 0.555556,
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        "best_return": 0.470911,
        "worst_return": -0.452195,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.048984,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "regime_survival": 0.333333,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "worst_return": -0.646595,
        "sufficient": false
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        "regime": "rotation_up",
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      },
      {
        "date": "2026-07-24",
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        "fair_value": 28.470596,
        "relative_strength": -16.618987,
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      },
      {
        "date": "2026-07-31",
        "close": 16.74,
        "volume": 7830239,
        "typical_volume": 6926078.1,
        "trend": 18.216671,
        "fair_value": 28.239636,
        "relative_strength": -10.777987,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -45.570054,
        "energy": 34.192279,
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      },
      {
        "date": "2026-08-07",
        "close": 16.5,
        "volume": 8120945,
        "typical_volume": 7004226.4,
        "trend": 18.126004,
        "fair_value": 28.01676,
        "relative_strength": -13.791012,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -39.630842,
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      }
    ],
    "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."
    }
  }
}