{
  "ticker": {
    "uuid": "13695b2c-a37d-444e-a1db-c10564f14be5",
    "symbol": "002318",
    "name": "Zhejiang JIULI Hi-tech Metals 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": -64.277,
    "architecture_energy": 77.985,
    "architecture_maturity": 34.0,
    "architecture_confidence": 95.733,
    "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": 11.21,
        "rotation_up": 16.05,
        "upward_expansion": 18.67,
        "deceleration": 39.69,
        "rotation_down": 65.1,
        "downward_expansion": 89.67
      },
      "activity_lines": [
        19.489333,
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        22.61059,
        24.522075
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 19.969999,
    "trend_reference": 26.757684,
    "distance_from_trend": -0.253672,
    "trend_direction": "Weakening",
    "fair_value": 21.990684,
    "distance_from_fair_value": -0.091888,
    "fair_value_direction": "Weakening",
    "relative_strength": -23.975544,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.381647,
    "excess_performance": -0.389047,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.253672,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.0439,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.091888,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.432202,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.239755,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.153781,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.381647,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.558765,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 66940536,
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      "balance": 0.558765,
      "dry_up": 1.498459,
      "accumulation_observations": 3,
      "distribution_observations": 6
    },
    "risk": {
      "range_context": 0.109477,
      "annualized_volatility": 0.465826,
      "from_high_reference": -0.424593,
      "from_low_reference": 0.166472
    },
    "levels": {
      "trend_reference": 26.757684,
      "fair_value_reference": 21.990684,
      "structural_low": 17.120001,
      "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": 7,
        "median_return": 0.058009,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.428571,
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        "regime_survival": 0.428571,
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        "worst_return": -0.177546,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
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        "positive_rate": 1.0,
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        "worst_return": 0.1067,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
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        "sufficient": false
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      {
        "horizon": "Full cycle",
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      },
      {
        "regime": "balance",
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      {
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      {
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      {
        "regime": "rotation_down",
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      {
        "regime": "downward_expansion",
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      {
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      {
        "regime": "rotation_up",
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      },
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 46477213.75,
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        "fair_value": 21.933343,
        "relative_strength": -26.130385,
        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -73.942677,
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      },
      {
        "date": "2026-07-31",
        "close": 20.16,
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        "typical_volume": 47000664.2,
        "trend": 27.018723,
        "fair_value": 21.963173,
        "relative_strength": -19.592116,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.498895,
        "energy": 86.270936,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 19.969999,
        "volume": 66940536,
        "typical_volume": 48055339.6,
        "trend": 26.757684,
        "fair_value": 21.990684,
        "relative_strength": -23.975544,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
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        "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."
    }
  }
}