{ "ticker": { "uuid": "1c882332-ab5e-4e6a-9390-87e49c3294ab", "symbol": "688105", "name": "Nanjing Vazyme Biotech 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": 1, "stage_name": "Basing", "phase": "1c", "phase_label": "Stage 1C \u00b7 Breakout watch", "transition": "stage_1_to_2_watch", "transition_label": "Stage 1 \u2192 2 watch", "confidence": 60.365, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 50.504, "architecture_energy": 51.279, "architecture_maturity": 22.0, "architecture_confidence": 88.802, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 18.71, "rotation_up": 69.97, "upward_expansion": 49.39, "deceleration": 23.67, "rotation_down": 15.19, "downward_expansion": 22.06 }, "activity_lines": [ 19.215999, 18.064363, 16.649081, 16.833578 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 23.219999, "trend_reference": 17.633088, "distance_from_trend": 0.316842, "trend_direction": "Weakening", "fair_value": 22.939311, "distance_from_fair_value": 0.012236, "fair_value_direction": "Improving", "relative_strength": 17.586799, "relative_strength_direction": "Improving", "price_momentum": 0.107824, "excess_performance": 0.151028, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.316842, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.083047, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.012236, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.387694, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.175868, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.533979, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.107824, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.193665, "read": "Demand-led" } ], "volume": { "latest": 71573693, "relative_activity": 3.339491, "balance": 1.193665, "dry_up": 2.416242, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.10143, "annualized_volatility": 0.703884, "from_high_reference": -0.132611, "from_low_reference": 0.75643 }, "levels": { "trend_reference": 17.633088, "fair_value_reference": 22.939311, "structural_low": 13.22, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 4, "median_return": -0.054199, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.055612, "regime_survival": 0.5, "best_return": 0.060473, "worst_return": -0.149875, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.233793, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.186576, "regime_survival": 0.0, "best_return": -0.100006, "worst_return": -0.367581, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.189374, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.20913, "regime_survival": 0.0, "best_return": 0.007038, "worst_return": -0.385786, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 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"volume": 54105490, "typical_volume": 14689008.9, "trend": 17.718088, "fair_value": 23.134065, "relative_strength": -12.523107, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.629084, "energy": 25.408148, "activity_lines": [ 17.255999, 16.229482, 15.7335, 16.53252 ] }, { "date": "2026-07-24", "close": 16.879999, "volume": 39095102, "typical_volume": 16306733.35, "trend": 17.609088, "fair_value": 23.054973, "relative_strength": -12.887907, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.647851, "energy": 23.944737, "activity_lines": [ 17.241332, 16.468378, 15.80525, 16.478449 ] }, { "date": "2026-07-31", "close": 17.42, "volume": 42370295, "typical_volume": 18111019.4, "trend": 17.526422, "fair_value": 22.979027, "relative_strength": -9.697869, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -0.422289, "energy": 17.234904, "activity_lines": [ 17.329333, 16.761564, 15.94457, 16.46625 ] }, { "date": "2026-08-07", "close": 23.219999, "volume": 71573693, "typical_volume": 21432516.0, "trend": 17.633088, "fair_value": 22.939311, "relative_strength": 17.586799, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 50.504249, "energy": 51.279015, "activity_lines": [ 19.215999, 18.064363, 16.649081, 16.833578 ] } ], "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." } } }