{ "ticker": { "uuid": "11fee605-d7bb-4028-93ad-340917fa94f5", "symbol": "600203", "name": "Fujian Furi Electronics 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -58.088, "architecture_energy": 70.37, "architecture_maturity": 14.357, "architecture_confidence": 83.143, "architecture_tenure": "New", "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": 27.86, "rotation_up": 13.69, "upward_expansion": 20.37, "deceleration": 31.46, "rotation_down": 70.09, "downward_expansion": 86.71 }, "activity_lines": [ 10.075333, 10.863455, 11.488952, 11.642194 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 10.4, "trend_reference": 11.946667, "distance_from_trend": -0.129464, "trend_direction": "Weakening", "fair_value": 9.626487, "distance_from_fair_value": 0.080353, "fair_value_direction": "Weakening", "relative_strength": -18.975629, "relative_strength_direction": "Weakening", "price_momentum": -0.153094, "excess_performance": -0.109891, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.129464, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.066229, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.080353, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.368162, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.189756, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.176274, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.153094, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.840916, "read": "Supply-led" } ], "volume": { "latest": 129450742, "relative_activity": 1.060224, "balance": 0.840916, "dry_up": 1.303688, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.136095, "annualized_volatility": 0.524397, "from_high_reference": -0.454641, "from_low_reference": 0.195402 }, "levels": { "trend_reference": 11.946667, "fair_value_reference": 9.626487, "structural_low": 8.7, "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": 21, "median_return": 0.026643, "positive_rate": 0.761905, "directional_follow_through": 0.238095, "median_excess_return": 0.039279, "regime_survival": 0.571429, "best_return": 0.60155, "worst_return": -0.157419, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.066087, "positive_rate": 0.777778, "directional_follow_through": 0.222222, "median_excess_return": 0.028935, "regime_survival": 0.333333, "best_return": 0.714032, "worst_return": -0.220867, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.145287, "positive_rate": 0.833333, "directional_follow_through": 0.166667, "median_excess_return": 0.131718, "regime_survival": 0.333333, "best_return": 0.887279, "worst_return": -0.258065, "sufficient": true }, { "horizon": 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"regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.508152, "energy": 25.226188, "activity_lines": [ 11.966, 12.112182, 12.116, 12.134667 ] }, { "date": "2026-07-24", "close": 8.97, "volume": 138329512, "typical_volume": 116323068.05, "trend": 12.165667, "fair_value": 9.575574, "relative_strength": -28.096514, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -74.410466, "energy": 61.965887, "activity_lines": [ 10.906, 11.515636, 11.831286, 11.919634 ] }, { "date": "2026-07-31", "close": 9.51, "volume": 96576330, "typical_volume": 118360769.45, "trend": 12.044667, "fair_value": 9.597826, "relative_strength": -23.985019, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.684645, "energy": 72.477898, "activity_lines": [ 10.258667, 11.083091, 11.612667, 11.748301 ] }, { "date": "2026-08-07", "close": 10.4, "volume": 129450742, "typical_volume": 122097511.05, "trend": 11.946667, "fair_value": 9.626487, "relative_strength": -18.975629, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.087691, "energy": 70.369752, "activity_lines": [ 10.075333, 10.863455, 11.488952, 11.642194 ] } ], "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." } } }