{
  "ticker": {
    "uuid": "10e00b03-c1a0-4b84-84ec-9918f25c86fc",
    "symbol": "603499",
    "name": "Shanghai Sunglow Packaging Technology 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "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": -62.336,
    "architecture_energy": 67.575,
    "architecture_maturity": 25.189,
    "architecture_confidence": 82.982,
    "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": 10.13,
        "rotation_up": 11.94,
        "upward_expansion": 14.44,
        "deceleration": 39.01,
        "rotation_down": 69.09,
        "downward_expansion": 87.78
      },
      "activity_lines": [
        11.664,
        12.202255,
        13.048265,
        13.779097
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 13.0,
    "trend_reference": 14.686922,
    "distance_from_trend": -0.114859,
    "trend_direction": "Weakening",
    "fair_value": 10.944653,
    "distance_from_fair_value": 0.187795,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.781942,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.228047,
    "excess_performance": -0.184843,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.114859,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.026043,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.187795,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.26613,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.067819,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.074207,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.228047,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.881717,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 28882648,
      "relative_activity": 0.842246,
      "balance": 0.881717,
      "dry_up": 0.904917,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.124302,
      "annualized_volatility": 0.486275,
      "from_high_reference": -0.285039,
      "from_low_reference": 0.345756
    },
    "levels": {
      "trend_reference": 14.686922,
      "fair_value_reference": 10.944653,
      "structural_low": 9.66,
      "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": 14,
        "median_return": 0.054295,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.285714,
        "median_excess_return": 0.043384,
        "regime_survival": 0.714286,
        "best_return": 0.476131,
        "worst_return": -0.226703,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
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        "positive_rate": 0.833333,
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        "median_excess_return": 0.094529,
        "regime_survival": 0.333333,
        "best_return": 1.461596,
        "worst_return": -0.051811,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.155547,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.156938,
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        "worst_return": 0.061397,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": 0.113889,
        "sufficient": false
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    ],
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        "regime": "deceleration",
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      {
        "regime": "rotation_down",
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      },
      {
        "regime": "downward_expansion",
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      {
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        "regime": "upward_expansion",
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      },
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        "active": false
      },
      {
        "regime": "balance",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 36479596.95,
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        "fair_value": 10.816786,
        "relative_strength": -18.221145,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.979048,
        "energy": 62.25765,
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      },
      {
        "date": "2026-07-24",
        "close": 10.47,
        "volume": 34582801,
        "typical_volume": 36061779.65,
        "trend": 14.856391,
        "fair_value": 10.852816,
        "relative_strength": -22.478907,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.819147,
        "energy": 81.453793,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 10.98,
        "volume": 29246974,
        "typical_volume": 35363522.2,
        "trend": 14.737516,
        "fair_value": 10.892693,
        "relative_strength": -18.97003,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.502423,
        "energy": 81.48166,
        "activity_lines": [
          11.266,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 13.0,
        "volume": 28882648,
        "typical_volume": 34292424.35,
        "trend": 14.686922,
        "fair_value": 10.944653,
        "relative_strength": -6.781942,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.335622,
        "energy": 67.574901,
        "activity_lines": [
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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."
    }
  }
}