{ "ticker": { "uuid": "20ebf825-b890-4c39-aeb6-67d1111996f9", "symbol": "300308", "name": "Zhongji Innolight 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 3.394, "architecture_energy": 17.76, "architecture_maturity": 67.897, "architecture_confidence": 76.972, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 63.99, "rotation_up": 14.97, "upward_expansion": 45.75, "deceleration": 87.99, "rotation_down": 40.77, "downward_expansion": 28.41 }, "activity_lines": [ 959.988005, 1041.566549, 1047.196995, 962.941827 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 919.869995, "trend_reference": 846.861344, "distance_from_trend": 0.086211, "trend_direction": "Improving", "fair_value": 307.490472, "distance_from_fair_value": 1.99154, "fair_value_direction": "Weakening", "relative_strength": 35.317033, "relative_strength_direction": "Weakening", "price_momentum": 0.419043, "excess_performance": 0.411643, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.086211, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.288127, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.99154, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.930305, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.35317, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.404301, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.419043, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.047032, "read": "Demand-led" } ], "volume": { "latest": 254583750, "relative_activity": 1.972057, "balance": 1.047032, "dry_up": 1.690276, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.188294, "annualized_volatility": 0.694356, "from_high_reference": -0.327826, "from_low_reference": 3.67497 }, "levels": { "trend_reference": 846.861344, "fair_value_reference": 307.490472, "structural_low": 505.401923, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": 0.055871, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.085672, "regime_survival": 0.5, "best_return": 0.483261, "worst_return": -0.137154, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.012793, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": 0.127231, "regime_survival": 0.0, "best_return": 1.17703, "worst_return": -0.134366, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.18367, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.210601, "regime_survival": 0.0, "best_return": 0.2111, "worst_return": 0.156241, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 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22.588452, "activity_lines": [ 995.895341, 1078.860733, 1051.806139, 957.563654 ] }, { "date": "2026-08-07", "close": 919.869995, "volume": 254583750, "typical_volume": 129095560.45, "trend": 846.861344, "fair_value": 307.490472, "relative_strength": 35.317033, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.393618, "energy": 17.760165, "activity_lines": [ 959.988005, 1041.566549, 1047.196995, 962.941827 ] } ], "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." } } }