{ "ticker": { "uuid": "1258a1ec-f27c-4cda-ac31-17a800ee389b", "symbol": "300146", "name": "Byhealth 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": "Established contraction", "architecture_gate": "down", "architecture_direction": -26.796, "architecture_energy": 22.028, "architecture_maturity": 100.0, "architecture_confidence": 78.281, "architecture_tenure": "Established", "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": 42.62, "rotation_up": 36.8, "upward_expansion": 19.97, "deceleration": 44.17, "rotation_down": 24.23, "downward_expansion": 56.3 }, "activity_lines": [ 10.049333, 9.842182, 9.909356, 10.148826 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 10.09, "trend_reference": 10.554908, "distance_from_trend": -0.044047, "trend_direction": "Weakening", "fair_value": 12.365924, "distance_from_fair_value": -0.184048, "fair_value_direction": "Improving", "relative_strength": -11.908207, "relative_strength_direction": "Improving", "price_momentum": -0.135979, "excess_performance": -0.143378, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.044047, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.058679, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.184048, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.016856, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.119082, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.127075, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.135979, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.455766, "read": "Supply-led" } ], "volume": { "latest": 85821675, "relative_activity": 1.288252, "balance": 0.455766, "dry_up": 1.951349, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.062895, "annualized_volatility": 0.23012, "from_high_reference": -0.203398, "from_low_reference": 0.121111 }, "levels": { "trend_reference": 10.554908, "fair_value_reference": 12.365924, "structural_low": 9.0, "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": 36, "median_return": -0.022511, "positive_rate": 0.361111, "directional_follow_through": 0.611111, "median_excess_return": 0.000857, "regime_survival": 0.861111, "best_return": 0.370745, "worst_return": -0.12153, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": -0.033851, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.07127, "regime_survival": 0.583333, "best_return": 0.295035, "worst_return": -0.262689, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.108182, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.038149, "regime_survival": 0.714286, "best_return": 0.220223, "worst_return": -0.298493, 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12.468636, "relative_strength": -13.219073, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.71473, "energy": 34.249677, "activity_lines": [ 9.640667, 9.634545, 9.881791, 10.19521 ] }, { "date": "2026-07-31", "close": 10.44, "volume": 112175563, "typical_volume": 65370315.0, "trend": 10.602722, "fair_value": 12.419021, "relative_strength": -4.692981, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -23.930401, "energy": 16.513923, "activity_lines": [ 9.943333, 9.775091, 9.910549, 10.181905 ] }, { "date": "2026-08-07", "close": 10.09, "volume": 85821675, "typical_volume": 66618675.35, "trend": 10.554908, "fair_value": 12.365924, "relative_strength": -11.908207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.796473, "energy": 22.028338, "activity_lines": [ 10.049333, 9.842182, 9.909356, 10.148826 ] } ], "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." } } }