{ "ticker": { "uuid": "1ee5bd27-06f1-46a0-83ec-eb2562aae911", "symbol": "600679", "name": "Shanghai Phoenix Enterprise (Group) 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": -46.128, "architecture_energy": 38.369, "architecture_maturity": 100.0, "architecture_confidence": 89.324, "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": 24.34, "rotation_up": 27.48, "upward_expansion": 18.34, "deceleration": 46.99, "rotation_down": 36.26, "downward_expansion": 66.0 }, "activity_lines": [ 9.287957, 9.199104, 9.650332, 10.214514 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 9.39, "trend_reference": 11.04513, "distance_from_trend": -0.149852, "trend_direction": "Weakening", "fair_value": 11.12606, "distance_from_fair_value": -0.156035, "fair_value_direction": "Weakening", "relative_strength": -21.43802, "relative_strength_direction": "Weakening", "price_momentum": -0.28211, "excess_performance": -0.238906, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.149852, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.117637, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.156035, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.162245, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.21438, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.001257, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.28211, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.389117, "read": "Supply-led" } ], "volume": { "latest": 13497400, "relative_activity": 1.054681, "balance": 0.389117, "dry_up": 1.060072, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.075259, "annualized_volatility": 0.289452, "from_high_reference": -0.383858, "from_low_reference": 0.112208 }, "levels": { "trend_reference": 11.04513, "fair_value_reference": 11.12606, "structural_low": 8.442666, "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": 27, "median_return": -0.01401, "positive_rate": 0.407407, "directional_follow_through": 0.592593, "median_excess_return": -0.007543, "regime_survival": 0.777778, "best_return": 0.187198, "worst_return": -0.129176, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.008762, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": 0.000937, "regime_survival": 0.333333, "best_return": 0.207933, "worst_return": -0.228988, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.028812, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.02237, "regime_survival": 0.333333, "best_return": 0.642905, "worst_return": -0.172905, "sufficient": true }, 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"direction": -65.618016, "energy": 64.974598, "activity_lines": [ 9.026195, 9.265317, 9.974817, 10.607614 ] }, { "date": "2026-07-24", "close": 8.96, "volume": 12210416, "typical_volume": 12882592.8, "trend": 11.318463, "fair_value": 11.114394, "relative_strength": -23.69174, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.361728, "energy": 61.678052, "activity_lines": [ 9.021015, 9.15561, 9.819989, 10.444724 ] }, { "date": "2026-07-31", "close": 9.54, "volume": 12798265, "typical_volume": 12884054.8, "trend": 11.179797, "fair_value": 11.120612, "relative_strength": -18.549804, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.894432, "energy": 47.365355, "activity_lines": [ 9.209111, 9.18463, 9.736351, 10.329984 ] }, { "date": "2026-08-07", "close": 9.39, "volume": 13497400, "typical_volume": 12797614.7, "trend": 11.04513, "fair_value": 11.12606, "relative_strength": -21.43802, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.127552, "energy": 38.368754, "activity_lines": [ 9.287957, 9.199104, 9.650332, 10.214514 ] } ], "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." } } }