{
  "ticker": {
    "uuid": "0ec60a6b-47ac-45a5-9dd6-cf4d08309289",
    "symbol": "688130",
    "name": "Hangzhou SDIC Microelectronics Inc.",
    "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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 68.702,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -30.322,
    "architecture_energy": 52.956,
    "architecture_maturity": 10.493,
    "architecture_confidence": 69.839,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 33.93,
        "rotation_up": 21.54,
        "upward_expansion": 22.44,
        "deceleration": 40.16,
        "rotation_down": 65.51,
        "downward_expansion": 54.77
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
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    "latest_close": 21.950001,
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    "distance_from_trend": -0.081167,
    "trend_direction": "Improving",
    "fair_value": 21.018486,
    "distance_from_fair_value": 0.044319,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.304516,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.097822,
    "excess_performance": -0.054618,
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        "label": "Price vs Trend",
        "positive": false,
        "value": -0.081167,
        "read": "Below"
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      {
        "label": "Trend direction",
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        "value": 0.021989,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.044319,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.265974,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.063045,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.173588,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.097822,
        "read": "Negative"
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      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.109865,
        "read": "Demand-led"
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    ],
    "volume": {
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      "relative_activity": 0.928004,
      "balance": 1.109865,
      "dry_up": 1.314139,
      "accumulation_observations": 2,
      "distribution_observations": 4
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      "annualized_volatility": 0.720522,
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      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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        "direction": 64.379735,
        "energy": 74.752386,
        "activity_lines": [
          27.938,
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        ]
      },
      {
        "date": "2026-06-05",
        "close": 24.35,
        "volume": 2093065,
        "typical_volume": 10017530.3,
        "trend": 23.426666,
        "fair_value": 21.081073,
        "relative_strength": 0.966971,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 58.606622,
        "energy": 43.558605,
        "activity_lines": [
          26.745333,
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      },
      {
        "date": "2026-06-12",
        "close": 24.450001,
        "volume": 3001367,
        "typical_volume": 9728397.3,
        "trend": 23.49,
        "fair_value": 21.074942,
        "relative_strength": 1.240792,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 40.807206,
        "energy": 23.806309,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-06-19",
        "close": 27.700001,
        "volume": 10921106,
        "typical_volume": 9797591.75,
        "trend": 23.66,
        "fair_value": 21.088732,
        "relative_strength": 12.710553,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 48.692374,
        "energy": 23.361446,
        "activity_lines": [
          26.080001,
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        ]
      },
      {
        "date": "2026-06-26",
        "close": 26.65,
        "volume": 2378645,
        "typical_volume": 9134309.0,
        "trend": 23.842333,
        "fair_value": 21.102285,
        "relative_strength": 9.945077,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 38.890228,
        "energy": 20.002946,
        "activity_lines": [
          26.178,
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          25.337762,
          24.690021
        ]
      },
      {
        "date": "2026-07-03",
        "close": 27.1,
        "volume": 4617542,
        "typical_volume": 9002382.05,
        "trend": 23.984667,
        "fair_value": 21.119319,
        "relative_strength": 11.239868,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 44.383426,
        "energy": 25.947283,
        "activity_lines": [
          26.563334,
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          24.900194
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      },
      {
        "date": "2026-07-10",
        "close": 27.48,
        "volume": 34980076,
        "typical_volume": 10435423.65,
        "trend": 24.156333,
        "fair_value": 21.142439,
        "relative_strength": 13.888905,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.821846,
        "energy": 34.676564,
        "activity_lines": [
          27.04,
          26.794182,
          25.845,
          25.125699
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      },
      {
        "date": "2026-07-17",
        "close": 19.25,
        "volume": 24491643,
        "typical_volume": 11401469.7,
        "trend": 24.068,
        "fair_value": 21.111048,
        "relative_strength": -15.031125,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 3.943042,
        "energy": 7.619277,
        "activity_lines": [
          24.564667,
          25.380182,
          25.309762,
          24.809161
        ]
      },
      {
        "date": "2026-07-24",
        "close": 17.59,
        "volume": 18222439,
        "typical_volume": 11983839.0,
        "trend": 23.944333,
        "fair_value": 21.07063,
        "relative_strength": -23.001809,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": -32.922856,
        "energy": 34.21774,
        "activity_lines": [
          21.882667,
          23.814364,
          24.641952,
          24.391226
        ]
      },
      {
        "date": "2026-07-31",
        "close": 18.41,
        "volume": 10926582,
        "typical_volume": 12124386.6,
        "trend": 23.855333,
        "fair_value": 21.030148,
        "relative_strength": -19.415207,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -31.008868,
        "energy": 55.506787,
        "activity_lines": [
          20.148,
          22.618909,
          24.080191,
          24.034172
        ]
      },
      {
        "date": "2026-08-07",
        "close": 21.950001,
        "volume": 11500092,
        "typical_volume": 12392285.85,
        "trend": 23.889,
        "fair_value": 21.018486,
        "relative_strength": -6.304516,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -30.322374,
        "energy": 52.955975,
        "activity_lines": [
          20.142667,
          22.254364,
          23.880191,
          23.911247
        ]
      }
    ],
    "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."
    }
  }
}