{ "ticker": { "uuid": "24135608-0ecf-4789-b1eb-4ba5b8aa7d96", "symbol": "688018", "name": "Espressif Systems (Shanghai) 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": -57.113, "architecture_energy": 53.731, "architecture_maturity": 56.851, "architecture_confidence": 82.586, "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": 30.79, "rotation_up": 13.06, "upward_expansion": 9.48, "deceleration": 42.46, "rotation_down": 61.82, "downward_expansion": 80.48 }, "activity_lines": [ 107.873999, 111.938908, 115.782795, 121.742898 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 112.059998, "trend_reference": 133.506936, "distance_from_trend": -0.160643, "trend_direction": "Weakening", "fair_value": 133.101753, "distance_from_fair_value": -0.158088, "fair_value_direction": "Weakening", "relative_strength": -25.71709, "relative_strength_direction": "Improving", "price_momentum": -0.334165, "excess_performance": -0.290961, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.160643, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.107341, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.158088, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.105439, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.257171, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.045291, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.334165, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.664804, "read": "Demand-led" } ], "volume": { "latest": 34842188, "relative_activity": 1.143443, "balance": 1.664804, "dry_up": 1.526213, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.133597, "annualized_volatility": 0.695336, "from_high_reference": -0.50328, "from_low_reference": 0.258818 }, "levels": { "trend_reference": 133.506936, "fair_value_reference": 133.101753, 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"relative_strength": -29.202923, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.595963, "energy": 50.142359, "activity_lines": [ 111.39, 115.32011, 118.25511, 125.494718 ] }, { "date": "2026-07-31", "close": 102.699997, "volume": 39271093, "typical_volume": 29257486.8, "trend": 135.438269, "fair_value": 132.962087, "relative_strength": -30.587085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.343217, "energy": 53.825405, "activity_lines": [ 107.561999, 112.528859, 116.458215, 123.251174 ] }, { "date": "2026-08-07", "close": 112.059998, "volume": 34842188, "typical_volume": 30471296.15, "trend": 133.506936, "fair_value": 133.101753, "relative_strength": -25.71709, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.112937, "energy": 53.730804, "activity_lines": [ 107.873999, 111.938908, 115.782795, 121.742898 ] } ], "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." } } }