{ "ticker": { "uuid": "24d2a05c-8168-43de-88b6-c55085c39a26", "symbol": "688655", "name": "Shenzhen Xunjiexing Technology Corp. 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -22.046, "architecture_energy": 38.098, "architecture_maturity": 9.343, "architecture_confidence": 50.862, "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": 37.74, "rotation_up": 14.38, "upward_expansion": 19.71, "deceleration": 56.57, "rotation_down": 64.82, "downward_expansion": 47.05 }, "activity_lines": [ 33.651333, 37.790909, 42.568047, 40.077699 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 38.66, "trend_reference": 35.409666, "distance_from_trend": 0.091792, "trend_direction": "Improving", "fair_value": 18.286472, "distance_from_fair_value": 1.114131, "fair_value_direction": "Weakening", "relative_strength": 34.185938, "relative_strength_direction": "Weakening", "price_momentum": 0.952525, "excess_performance": 0.995729, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.091792, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.288858, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.114131, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -1.274102, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.341859, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.788515, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.952525, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.964289, "read": "Supply-led" } ], "volume": { "latest": 42959318, "relative_activity": 0.951461, "balance": 0.964289, "dry_up": 0.844065, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.262724, "annualized_volatility": 1.133002, "from_high_reference": -0.449288, "from_low_reference": 1.344451 }, "levels": { "trend_reference": 35.409666, "fair_value_reference": 18.286472, "structural_low": 19.26, "invalidation": "A 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"fair_value": 17.96594, "relative_strength": 11.852996, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.031473, "energy": 19.589465, "activity_lines": [ 39.399333, 44.83, 44.867333, 40.287247 ] }, { "date": "2026-07-24", "close": 30.52, "volume": 40924420, "typical_volume": 48452096.9, "trend": 34.263333, "fair_value": 18.055415, "relative_strength": 10.734999, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.549287, "energy": 27.120908, "activity_lines": [ 35.002, 41.387454, 43.867476, 40.074172 ] }, { "date": "2026-07-31", "close": 30.35, "volume": 33265034, "typical_volume": 45957994.25, "trend": 34.692, "fair_value": 18.140688, "relative_strength": 9.178666, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -28.081387, "energy": 38.050658, "activity_lines": [ 32.302666, 38.544727, 42.830381, 39.821699 ] }, { "date": "2026-08-07", "close": 38.66, "volume": 42959318, "typical_volume": 45150887.4, "trend": 35.409666, "fair_value": 18.286472, "relative_strength": 34.185938, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -22.04575, "energy": 38.097989, "activity_lines": [ 33.651333, 37.790909, 42.568047, 40.077699 ] } ], "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." } } }