{
  "ticker": {
    "uuid": "23e69d82-4029-4eea-94e9-af2baa5b7a0d",
    "symbol": "600007",
    "name": "China World Trade Center 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -63.019,
    "architecture_energy": 35.792,
    "architecture_maturity": 25.72,
    "architecture_confidence": 89.002,
    "architecture_tenure": "Developing",
    "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": 31.0,
        "rotation_up": 21.27,
        "upward_expansion": 3.7,
        "deceleration": 51.43,
        "rotation_down": 45.25,
        "downward_expansion": 72.36
      },
      "activity_lines": [
        18.869334,
        18.92577,
        19.31619,
        19.604988
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 18.299999,
    "trend_reference": 19.885398,
    "distance_from_trend": -0.079727,
    "trend_direction": "Weakening",
    "fair_value": 20.220787,
    "distance_from_fair_value": -0.094991,
    "fair_value_direction": "Weakening",
    "relative_strength": -8.413001,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.108622,
    "excess_performance": -0.065418,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.079727,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.016238,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.094991,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.119237,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.08413,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.003679,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.108622,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.598512,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 14108698,
      "relative_activity": 1.234558,
      "balance": 0.598512,
      "dry_up": 1.101399,
      "accumulation_observations": 2,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.059341,
      "annualized_volatility": 0.229064,
      "from_high_reference": -0.185943,
      "from_low_reference": 0.062182
    },
    "levels": {
      "trend_reference": 19.885398,
      "fair_value_reference": 20.220787,
      "structural_low": 17.228688,
      "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": 19,
        "median_return": 0.022105,
        "positive_rate": 0.578947,
        "directional_follow_through": 0.421053,
        "median_excess_return": 0.017008,
        "regime_survival": 0.684211,
        "best_return": 0.269816,
        "worst_return": -0.100463,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.00624,
        "positive_rate": 0.625,
        "directional_follow_through": 0.375,
        "median_excess_return": 0.020907,
        "regime_survival": 0.5,
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        "worst_return": -0.014648,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.015145,
        "positive_rate": 0.8,
        "directional_follow_through": 0.2,
        "median_excess_return": 0.166374,
        "regime_survival": 0.2,
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        "worst_return": -0.026371,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.292971,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.299336,
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        "worst_return": -0.011626,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-03-29",
        "end": "2024-06-28",
        "tenure": "Established",
        "return": -0.039595,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2024-09-20",
        "tenure": "Developing",
        "return": 0.094306,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
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        "return": 0.013069,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "start": "2025-10-31",
        "end": "2025-11-14",
        "tenure": "New",
        "return": 0.038157,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "end": "2026-03-06",
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        "return": -0.025,
        "active": false
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      {
        "regime": "balance",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 11139877.0,
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        "stage": 4,
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        "direction": -43.626784,
        "energy": 23.128876,
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      },
      {
        "date": "2026-07-31",
        "close": 19.200001,
        "volume": 12079177,
        "typical_volume": 11254963.45,
        "trend": 19.936065,
        "fair_value": 20.215759,
        "relative_strength": -1.619782,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -36.170885,
        "energy": 19.238136,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 18.299999,
        "volume": 14108698,
        "typical_volume": 11428135.6,
        "trend": 19.885398,
        "fair_value": 20.220787,
        "relative_strength": -8.413001,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.01901,
        "energy": 35.791994,
        "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."
    }
  }
}