{ "ticker": { "uuid": "1890133e-9a43-44c1-8136-337af6e2b7dc", "symbol": "600557", "name": "Jiangsu Kanion Pharmaceutical 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": -28.389, "architecture_energy": 18.503, "architecture_maturity": 100.0, "architecture_confidence": 66.894, "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": 56.91, "rotation_up": 30.18, "upward_expansion": 17.58, "deceleration": 46.62, "rotation_down": 20.05, "downward_expansion": 51.58 }, "activity_lines": [ 12.698667, 12.470182, 12.603524, 12.932473 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 12.75, "trend_reference": 13.427667, "distance_from_trend": -0.050468, "trend_direction": "Weakening", "fair_value": 15.47541, "distance_from_fair_value": -0.176112, "fair_value_direction": "Weakening", "relative_strength": -11.067504, "relative_strength_direction": "Improving", "price_momentum": -0.120083, "excess_performance": -0.076879, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.050468, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.061396, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.176112, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.000417, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.110675, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.060319, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.120083, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.693497, "read": "Supply-led" } ], "volume": { "latest": 45085788, "relative_activity": 1.52581, "balance": 0.693497, "dry_up": 1.877805, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.076621, "annualized_volatility": 0.342973, "from_high_reference": -0.368812, "from_low_reference": 0.174033 }, "levels": { "trend_reference": 13.427667, "fair_value_reference": 15.47541, "structural_low": 10.86, "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": 26, "median_return": 0.025664, "positive_rate": 0.538462, "directional_follow_through": 0.423077, "median_excess_return": -0.00115, "regime_survival": 0.730769, "best_return": 0.453718, "worst_return": -0.139368, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.003358, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": -0.030646, "regime_survival": 0.454545, "best_return": 0.508346, "worst_return": -0.244099, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.053333, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": 0.035079, "regime_survival": 0.571429, "best_return": 1.367223, "worst_return": -0.271071, 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31.081284, "activity_lines": [ 12.372, 12.273455, 12.705095, 13.098903 ] }, { "date": "2026-07-24", "close": 12.37, "volume": 52509342, "typical_volume": 28351986.7, "trend": 13.519333, "fair_value": 15.56308, "relative_strength": -12.15444, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.559524, "energy": 22.181412, "activity_lines": [ 12.450667, 12.28, 12.635619, 13.020366 ] }, { "date": "2026-07-31", "close": 12.88, "volume": 32919271, "typical_volume": 28846724.05, "trend": 13.473, "fair_value": 15.517833, "relative_strength": -8.487362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.778924, "energy": 20.546773, "activity_lines": [ 12.663333, 12.393273, 12.622571, 12.979118 ] }, { "date": "2026-08-07", "close": 12.75, "volume": 45085788, "typical_volume": 29548760.85, "trend": 13.427667, "fair_value": 15.47541, "relative_strength": -11.067504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -28.389059, "energy": 18.50269, "activity_lines": [ 12.698667, 12.470182, 12.603524, 12.932473 ] } ], "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." } } }