{
  "ticker": {
    "uuid": "1bf08ef1-1f54-42b0-acaf-ab473472cf9c",
    "symbol": "002801",
    "name": "Hangzhou Weiguang Electronic 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": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -59.195,
    "architecture_energy": 55.972,
    "architecture_maturity": 47.748,
    "architecture_confidence": 88.587,
    "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": 16.55,
        "rotation_up": 14.12,
        "upward_expansion": 10.35,
        "deceleration": 42.69,
        "rotation_down": 61.36,
        "downward_expansion": 81.35
      },
      "activity_lines": [
        27.305333,
        27.972,
        29.486038,
        30.426955
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 27.98,
    "trend_reference": 31.862376,
    "distance_from_trend": -0.121848,
    "trend_direction": "Weakening",
    "fair_value": 26.719587,
    "distance_from_fair_value": 0.047172,
    "fair_value_direction": "Weakening",
    "relative_strength": -18.262873,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.200108,
    "excess_performance": -0.207507,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.121848,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.046451,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.047172,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.221473,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.182629,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.013383,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.200108,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.747647,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 6380379,
      "relative_activity": 0.718262,
      "balance": 0.747647,
      "dry_up": 0.718438,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.099971,
      "annualized_volatility": 0.446673,
      "from_high_reference": -0.300843,
      "from_low_reference": 0.114741
    },
    "levels": {
      "trend_reference": 31.862376,
      "fair_value_reference": 26.719587,
      "structural_low": 25.1,
      "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": 24,
        "median_return": 0.009165,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.416667,
        "median_excess_return": 0.023307,
        "regime_survival": 0.791667,
        "best_return": 0.114801,
        "worst_return": -0.142584,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.049738,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.00352,
        "regime_survival": 0.625,
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        "worst_return": -0.170362,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.13358,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.11727,
        "regime_survival": 0.4,
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        "worst_return": -0.218034,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "worst_return": -0.113579,
        "sufficient": false
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        "color": "red",
        "start": "2023-09-01",
        "end": "2024-03-22",
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        "active": false
      },
      {
        "regime": "balance",
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      {
        "regime": "rotation_down",
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      {
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        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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      },
      {
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      },
      {
        "date": "2026-07-24",
        "close": 26.02,
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        "trend": 32.310271,
        "fair_value": 26.679132,
        "relative_strength": -22.255329,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 27.82,
        "volume": 5318944,
        "typical_volume": 9148173.7,
        "trend": 32.098009,
        "fair_value": 26.696876,
        "relative_strength": -15.048193,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.643502,
        "energy": 64.469708,
        "activity_lines": [
          27.258,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 27.98,
        "volume": 6380379,
        "typical_volume": 8883078.45,
        "trend": 31.862376,
        "fair_value": 26.719587,
        "relative_strength": -18.262873,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -59.194628,
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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."
    }
  }
}