{ "ticker": { "uuid": "15ece33c-be2d-472e-921e-14cde4d5c060", "symbol": "900928", "name": "Shanghai Lingang Holdings 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": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": 2.272, "architecture_energy": 23.095, "architecture_maturity": 85.411, "architecture_confidence": 59.656, "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": 55.13, "rotation_up": 43.05, "upward_expansion": 30.66, "deceleration": 47.33, "rotation_down": 14.01, "downward_expansion": 47.99 }, "activity_lines": [ 0.598267, 0.581976, 0.581112, 0.602169 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 0.614, "trend_reference": 0.633076, "distance_from_trend": -0.030133, "trend_direction": "Weakening", "fair_value": 0.590228, "distance_from_fair_value": 0.040276, "fair_value_direction": "Improving", "relative_strength": -4.641621, "relative_strength_direction": "Improving", "price_momentum": -0.125356, "excess_performance": -0.082152, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.030133, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.073095, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.040276, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.042433, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.046416, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.107865, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.125356, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.290466, "read": "Demand-led" } ], "volume": { "latest": 1110460, "relative_activity": 1.323467, "balance": 1.290466, "dry_up": 1.286559, "accumulation_observations": 5, "distribution_observations": 4 }, "risk": { "range_context": 0.037456, "annualized_volatility": 0.173025, "from_high_reference": -0.200521, "from_low_reference": 0.171117 }, "levels": { "trend_reference": 0.633076, "fair_value_reference": 0.590228, "structural_low": 0.524286, "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": 31, "median_return": -0.001107, "positive_rate": 0.483871, "directional_follow_through": 0.516129, "median_excess_return": -0.001127, "regime_survival": 0.806452, "best_return": 0.117021, "worst_return": -0.118182, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 12, "median_return": 0.001034, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.023963, "regime_survival": 0.583333, "best_return": 0.092659, "worst_return": -0.246299, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.057408, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.033297, "regime_survival": 0.714286, "best_return": 0.138528, "worst_return": -0.240425, "sufficient": true }, { "horizon": 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"relative_strength": -12.221408, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.257984, "energy": 54.302848, "activity_lines": [ 0.559492, 0.556833, 0.585975, 0.614752 ] }, { "date": "2026-07-17", "close": 0.588, "volume": 1335667, "typical_volume": 793321.6, "trend": 0.647643, "fair_value": 0.590821, "relative_strength": -4.93376, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.831356, "energy": 41.351983, "activity_lines": [ 0.57138, 0.561555, 0.583169, 0.610586 ] }, { "date": "2026-07-24", "close": 0.577, "volume": 873864, "typical_volume": 792862.05, "trend": 0.641876, "fair_value": 0.590636, "relative_strength": -7.782713, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.567817, "energy": 30.471739, "activity_lines": [ 0.575671, 0.564477, 0.579896, 0.606028 ] }, { "date": "2026-07-31", "close": 0.605, "volume": 997978, "typical_volume": 815804.2, "trend": 0.636943, "fair_value": 0.590421, "relative_strength": -3.623842, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.847976, "energy": 31.689225, "activity_lines": [ 0.587493, 0.572636, 0.579861, 0.603649 ] }, { "date": "2026-08-07", "close": 0.614, "volume": 1110460, "typical_volume": 839054.1, "trend": 0.633076, "fair_value": 0.590228, "relative_strength": -4.641621, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.272478, "energy": 23.095181, "activity_lines": [ 0.598267, 0.581976, 0.581112, 0.602169 ] } ], "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." } } }