{ "ticker": { "uuid": "16214514-ab9c-4b4a-9004-cd2b8e821b07", "symbol": "603301", "name": "Zhende Medical 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 50.45, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 8.503, "architecture_energy": 4.051, "architecture_maturity": 24.566, "architecture_confidence": 46.121, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 60.29, "rotation_up": 30.5, "upward_expansion": 50.43, "deceleration": 57.13, "rotation_down": 22.28, "downward_expansion": 24.09 }, "activity_lines": [ 87.082001, 86.826447, 87.419049, 87.574226 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": -0.333333 }, "latest_close": 85.32, "trend_reference": 85.706483, "distance_from_trend": -0.004509, "trend_direction": "Improving", "fair_value": 38.912622, "distance_from_fair_value": 1.192605, "fair_value_direction": "Weakening", "relative_strength": 16.85271, "relative_strength_direction": "Weakening", "price_momentum": 0.240657, "excess_performance": 0.283861, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.004509, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.030511, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.192605, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.578319, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.168527, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.380387, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.240657, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.180918, "read": "Demand-led" } ], "volume": { "latest": 12258740, "relative_activity": 1.124487, "balance": 1.180918, "dry_up": 0.970322, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.080734, "annualized_volatility": 0.446007, "from_high_reference": -0.186188, "from_low_reference": 2.928177 }, "levels": { "trend_reference": 85.706483, "fair_value_reference": 38.912622, "structural_low": 66.419998, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": -0.001664, "positive_rate": 0.4375, "directional_follow_through": 0.4375, "median_excess_return": -0.005073, "regime_survival": 0.5625, "best_return": 0.193451, "worst_return": -0.105639, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.028542, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.000481, "regime_survival": 0.125, "best_return": 1.053212, "worst_return": -0.214259, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.043073, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": 0.031134, "regime_survival": 0.2, "best_return": 0.165527, "worst_return": -0.21954, "sufficient": true }, { 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"close": 86.300003, "volume": 8487012, "typical_volume": 11561953.2, "trend": 84.587483, "fair_value": 38.11978, "relative_strength": 26.43035, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.109347, "energy": 11.37808, "activity_lines": [ 86.093335, 86.060774, 87.543854, 87.153579 ] }, { "date": "2026-07-31", "close": 91.0, "volume": 10726563, "typical_volume": 11095031.55, "trend": 85.212483, "fair_value": 38.534966, "relative_strength": 30.220931, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 37.335311, "energy": 16.161681, "activity_lines": [ 87.663335, 86.947388, 87.748642, 87.56729 ] }, { "date": "2026-08-07", "close": 85.32, "volume": 12258740, "typical_volume": 10901629.55, "trend": 85.706483, "fair_value": 38.912622, "relative_strength": 16.85271, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 8.503276, "energy": 4.050911, "activity_lines": [ 87.082001, 86.826447, 87.419049, 87.574226 ] } ], "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." } } }