{ "ticker": { "uuid": "1027edcc-6f2e-4ac6-8f9d-d3b0c22c98da", "symbol": "300708", "name": "Focus Lightings Tech Co., Ltd.", "exchange": "SHZ", "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": "399001.SZ", "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": "Early contraction", "architecture_gate": "down", "architecture_direction": -64.195, "architecture_energy": 59.616, "architecture_maturity": 28.709, "architecture_confidence": 85.389, "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": 4.89, "rotation_up": 16.41, "upward_expansion": 10.64, "deceleration": 45.46, "rotation_down": 67.25, "downward_expansion": 86.3 }, "activity_lines": [ 7.540667, 7.739636, 8.24042, 8.678584 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 7.73, "trend_reference": 9.189933, "distance_from_trend": -0.158862, "trend_direction": "Weakening", "fair_value": 7.90049, "distance_from_fair_value": -0.02158, "fair_value_direction": "Weakening", "relative_strength": -17.933309, "relative_strength_direction": "Weakening", "price_momentum": -0.239837, "excess_performance": -0.247237, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.158862, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.032863, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.02158, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.210996, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.179333, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.01084, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.239837, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.032404, "read": "Demand-led" } ], "volume": { "latest": 97084489, "relative_activity": 0.728076, "balance": 1.032404, "dry_up": 0.703408, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.096527, "annualized_volatility": 0.377532, "from_high_reference": -0.380698, "from_low_reference": 0.140118 }, "levels": { "trend_reference": 9.189933, "fair_value_reference": 7.90049, "structural_low": 6.78, "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": 23, "median_return": -0.013937, "positive_rate": 0.478261, "directional_follow_through": 0.521739, "median_excess_return": 0.020405, "regime_survival": 0.782609, "best_return": 0.476313, "worst_return": -0.187289, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.056332, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": 0.010567, "regime_survival": 0.666667, "best_return": 0.354415, "worst_return": -0.372818, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.031392, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.080261, "regime_survival": 0.5, "best_return": 0.630072, "worst_return": -0.290014, "sufficient": true }, { "horizon": "Full 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"downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.099849, "energy": 77.99733, "activity_lines": [ 7.846667, 8.170727, 8.653247, 9.021856 ] }, { "date": "2026-07-24", "close": 7.28, "volume": 92590334, "typical_volume": 173264718.2, "trend": 9.271463, "fair_value": 7.893088, "relative_strength": -20.844861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.467887, "energy": 80.064579, "activity_lines": [ 7.604, 7.948, 8.474521, 8.890121 ] }, { "date": "2026-07-31", "close": 7.49, "volume": 80852854, "typical_volume": 143635217.25, "trend": 9.227363, "fair_value": 7.895913, "relative_strength": -16.80777, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.303487, "energy": 72.940909, "activity_lines": [ 7.508, 7.803455, 8.337005, 8.775188 ] }, { "date": "2026-08-07", "close": 7.73, "volume": 97084489, "typical_volume": 133343899.0, "trend": 9.189933, "fair_value": 7.90049, "relative_strength": -17.933309, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.195468, "energy": 59.616002, "activity_lines": [ 7.540667, 7.739636, 8.24042, 8.678584 ] } ], "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." } } }