{ "ticker": { "uuid": "0ef8fe4a-87bd-4888-bc14-52da6b21c2e0", "symbol": "600351", "name": "Yabao Pharmaceutical 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 67.508, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "mixed", "architecture_direction": 34.482, "architecture_energy": 34.098, "architecture_maturity": 53.253, "architecture_confidence": 90.235, "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": 34.57, "rotation_up": 67.58, "upward_expansion": 42.83, "deceleration": 34.97, "rotation_down": 14.32, "downward_expansion": 15.49 }, "activity_lines": [ 6.572667, 6.386939, 6.350595, 6.398675 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 6.82, "trend_reference": 6.461748, "distance_from_trend": 0.055442, "trend_direction": "Weakening", "fair_value": 6.131179, "distance_from_fair_value": 0.112347, "fair_value_direction": "Weakening", "relative_strength": 5.033381, "relative_strength_direction": "Improving", "price_momentum": 0.027063, "excess_performance": 0.070267, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.055442, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.011217, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.112347, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.004559, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.050334, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.087267, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.027063, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.33769, "read": "Demand-led" } ], "volume": { "latest": 196187712, "relative_activity": 2.401071, "balance": 1.33769, "dry_up": 1.571849, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.050825, "annualized_volatility": 0.270684, "from_high_reference": -0.190655, "from_low_reference": 0.196491 }, "levels": { "trend_reference": 6.461748, "fair_value_reference": 6.131179, "structural_low": 5.7, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": 0.026604, "positive_rate": 0.705882, "directional_follow_through": 0.235294, "median_excess_return": 0.015028, "regime_survival": 0.588235, "best_return": 0.179738, "worst_return": -0.05638, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.06658, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": 0.010104, "regime_survival": 0.285714, "best_return": 0.276242, "worst_return": -0.077058, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.052356, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.013314, "regime_survival": 0.4, "best_return": 0.193047, "worst_return": -0.068293, "sufficient": true }, { 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"typical_volume": 73223901.9, "trend": 6.441371, "fair_value": 6.127069, "relative_strength": 1.153932, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -22.661659, "energy": 21.01501, "activity_lines": [ 6.344667, 6.221961, 6.298857, 6.372598 ] }, { "date": "2026-07-31", "close": 6.47, "volume": 69427062, "typical_volume": 74304045.4, "trend": 6.444432, "fair_value": 6.127684, "relative_strength": 1.925587, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -14.418005, "energy": 21.864024, "activity_lines": [ 6.426, 6.274212, 6.307607, 6.374445 ] }, { "date": "2026-08-07", "close": 6.82, "volume": 196187712, "typical_volume": 81708416.35, "trend": 6.461748, "fair_value": 6.131179, "relative_strength": 5.033381, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 34.481721, "energy": 34.097997, "activity_lines": [ 6.572667, 6.386939, 6.350595, 6.398675 ] } ], "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." } } }