{ "ticker": { "uuid": "0e874c2f-c660-417a-9ca1-14ab14db19a9", "symbol": "600754", "name": "Shanghai Jin Jiang International Hotels 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": -54.386, "architecture_energy": 56.56, "architecture_maturity": 89.432, "architecture_confidence": 73.784, "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": 11.95, "rotation_up": 27.66, "upward_expansion": 22.5, "deceleration": 66.83, "rotation_down": 50.08, "downward_expansion": 74.83 }, "activity_lines": [ 18.650666, 18.615454, 19.918497, 21.460328 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 19.059999, "trend_reference": 23.255138, "distance_from_trend": -0.180396, "trend_direction": "Weakening", "fair_value": 25.537135, "distance_from_fair_value": -0.253636, "fair_value_direction": "Weakening", "relative_strength": -17.436662, "relative_strength_direction": "Weakening", "price_momentum": -0.283126, "excess_performance": -0.239922, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.180396, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.071111, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.253636, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.103367, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.174367, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.073981, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.283126, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.171307, "read": "Supply-led" } ], "volume": { "latest": 68940481, "relative_activity": 1.248663, "balance": 0.171307, "dry_up": 1.443078, "accumulation_observations": 1, "distribution_observations": 7 }, "risk": { "range_context": 0.066254, "annualized_volatility": 0.271281, "from_high_reference": -0.337615, "from_low_reference": 0.112668 }, "levels": { "trend_reference": 23.255138, "fair_value_reference": 25.537135, "structural_low": 17.129999, "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": 26, "median_return": -0.00219, "positive_rate": 0.461538, "directional_follow_through": 0.5, "median_excess_return": -0.003488, "regime_survival": 0.769231, "best_return": 0.18556, "worst_return": -0.17487, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.032898, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": -0.066804, "regime_survival": 0.444444, "best_return": 0.314753, "worst_return": -0.218573, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.062339, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.170767, "regime_survival": 0.5, "best_return": 0.327513, "worst_return": -0.411252, 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26.133953, "relative_strength": -24.126502, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.526845, "energy": 89.613872, "activity_lines": [ 18.532001, 19.30639, 21.501764, 22.817545 ] }, { "date": "2026-07-17", "close": 17.77, "volume": 69746676, "typical_volume": 49944779.45, "trend": 23.868739, "fair_value": 25.994085, "relative_strength": -20.429974, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.535506, "energy": 89.022959, "activity_lines": [ 18.167334, 18.879623, 20.973497, 22.411688 ] }, { "date": "2026-07-24", "close": 17.629999, "volume": 88863479, "typical_volume": 52138109.2, "trend": 23.615065, "fair_value": 25.836896, "relative_strength": -21.707874, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.23427, "energy": 82.944267, "activity_lines": [ 17.906667, 18.531091, 20.478768, 22.009189 ] }, { "date": "2026-07-31", "close": 19.49, "volume": 91147126, "typical_volume": 54584195.6, "trend": 23.442268, "fair_value": 25.684138, "relative_strength": -13.559392, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.560185, "energy": 64.266183, "activity_lines": [ 18.390666, 18.599636, 20.201652, 21.743055 ] }, { "date": "2026-08-07", "close": 19.059999, "volume": 68940481, "typical_volume": 55211456.0, "trend": 23.255138, "fair_value": 25.537135, "relative_strength": -17.436662, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.386006, "energy": 56.560391, "activity_lines": [ 18.650666, 18.615454, 19.918497, 21.460328 ] } ], "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." } } }