{ "ticker": { "uuid": "17ed538b-f961-4482-aae0-02b6cf69f016", "symbol": "600612", "name": "Lao Feng Xiang 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": "Established contraction", "architecture_gate": "down", "architecture_direction": -36.496, "architecture_energy": 25.725, "architecture_maturity": 100.0, "architecture_confidence": 74.211, "architecture_tenure": "Extended", "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": 37.84, "rotation_up": 29.13, "upward_expansion": 21.84, "deceleration": 47.0, "rotation_down": 20.88, "downward_expansion": 55.84 }, "activity_lines": [ 34.862949, 34.133149, 35.171801, 36.796587 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 34.869999, "trend_reference": 39.224916, "distance_from_trend": -0.111024, "trend_direction": "Weakening", "fair_value": 51.582191, "distance_from_fair_value": -0.323992, "fair_value_direction": "Weakening", "relative_strength": -18.166356, "relative_strength_direction": "Improving", "price_momentum": -0.240801, "excess_performance": -0.197597, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.111024, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.087849, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.323992, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.055556, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.181664, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.044446, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.240801, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.469016, "read": "Supply-led" } ], "volume": { "latest": 12343500, "relative_activity": 2.009728, "balance": 0.469016, "dry_up": 2.031421, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.060945, "annualized_volatility": 0.234778, "from_high_reference": -0.391893, "from_low_reference": 0.131083 }, "levels": { "trend_reference": 39.224916, "fair_value_reference": 51.582191, 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"modifier": "Established contraction", "gate": "down", "direction": -64.397671, "energy": 64.623191, "activity_lines": [ 33.331883, 33.739922, 35.860718, 37.751582 ] }, { "date": "2026-07-24", "close": 33.849998, "volume": 12093820, "typical_volume": 5585248.75, "trend": 39.83425, "fair_value": 51.90667, "relative_strength": -19.124041, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.765777, "energy": 54.985868, "activity_lines": [ 33.627599, 33.628695, 35.49311, 37.34234 ] }, { "date": "2026-07-31", "close": 36.049999, "volume": 13109560, "typical_volume": 5865052.55, "trend": 39.544916, "fair_value": 51.744909, "relative_strength": -13.672206, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.74474, "energy": 34.059943, "activity_lines": [ 34.609241, 33.981831, 35.373694, 37.098195 ] }, { "date": "2026-08-07", "close": 34.869999, "volume": 12343500, "typical_volume": 6141875.55, "trend": 39.224916, "fair_value": 51.582191, "relative_strength": -18.166356, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.496253, "energy": 25.725383, "activity_lines": [ 34.862949, 34.133149, 35.171801, 36.796587 ] } ], "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." } } }