{
  "ticker": {
    "uuid": "1ea27aa1-21c3-4ec0-97a9-eee8090f40a5",
    "symbol": "603290",
    "name": "StarPower Semiconductor 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -34.02,
    "architecture_energy": 59.331,
    "architecture_maturity": 22.579,
    "architecture_confidence": 76.233,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 28.69,
        "rotation_up": 18.7,
        "upward_expansion": 21.82,
        "deceleration": 42.98,
        "rotation_down": 68.34,
        "downward_expansion": 56.48
      },
      "activity_lines": [
        87.737332,
        100.808901,
        108.129299,
        108.440844
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 88.529999,
    "trend_reference": 108.258265,
    "distance_from_trend": -0.182233,
    "trend_direction": "Improving",
    "fair_value": 100.747334,
    "distance_from_fair_value": -0.121267,
    "fair_value_direction": "Weakening",
    "relative_strength": -15.504887,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.199693,
    "excess_performance": -0.156489,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.182233,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.03377,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.121267,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.134757,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.155049,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.14816,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.199693,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.81395,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 37824737,
      "relative_activity": 0.980525,
      "balance": 0.81395,
      "dry_up": 1.083885,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.184236,
      "annualized_volatility": 0.71685,
      "from_high_reference": -0.38248,
      "from_low_reference": 0.151535
    },
    "levels": {
      "trend_reference": 108.258265,
      "fair_value_reference": 100.747334,
      "structural_low": 76.879997,
      "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": 4,
        "median_return": 0.05699,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.056278,
        "regime_survival": 0.25,
        "best_return": 0.094193,
        "worst_return": -0.051402,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.030707,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.02551,
        "regime_survival": 0.0,
        "best_return": 0.065653,
        "worst_return": -0.018452,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.018876,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.076291,
        "regime_survival": 0.0,
        "best_return": 0.16642,
        "worst_return": -0.219681,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.154813,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.058574,
        "regime_survival": 0.0,
        "best_return": 0.32754,
        "worst_return": -0.017914,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-11-22",
        "tenure": "Developing",
        "return": -0.017145,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-29",
        "end": "2024-12-20",
        "tenure": "New",
        "return": -0.015849,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-01-24",
        "tenure": "Developing",
        "return": -0.089435,
        "active": false
      },
      {
        "regime": "rotation_down",
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        "end": "2025-02-14",
        "tenure": "New",
        "return": 0.119881,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-04-18",
        "tenure": "Developing",
        "return": -0.120171,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-25",
        "end": "2025-07-25",
        "tenure": "Established",
        "return": 0.048146,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-08-08",
        "tenure": "New",
        "return": 0.066078,
        "active": false
      },
      {
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-11-07",
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        "return": -0.041127,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-01-30",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "return": -0.02629,
        "active": false
      },
      {
        "regime": "balance",
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        "return": 0.163766,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
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      {
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        "return": 0.004311,
        "active": true
      }
    ],
    "chart_path": [
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 37547823.25,
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        "fair_value": 102.143041,
        "relative_strength": -12.288574,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "up",
        "direction": 4.694396,
        "energy": 5.169315,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 83.779999,
        "volume": 44588373,
        "typical_volume": 38530412.5,
        "trend": 109.053932,
        "fair_value": 101.671024,
        "relative_strength": -17.662048,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -33.614672,
        "energy": 32.644338,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 80.489998,
        "volume": 33706515,
        "typical_volume": 38393244.05,
        "trend": 108.510265,
        "fair_value": 101.144338,
        "relative_strength": -21.096695,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.001758,
        "energy": 50.080336,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 88.529999,
        "volume": 37824737,
        "typical_volume": 38576022.1,
        "trend": 108.258265,
        "fair_value": 100.747334,
        "relative_strength": -15.504887,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -34.01998,
        "energy": 59.330876,
        "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."
    }
  }
}