{ "ticker": { "uuid": "25cb503f-c1ab-4240-b233-92fbf460f2e8", "symbol": "1785", "name": "Chengdu Expressway Co., Ltd.", "exchange": "HKG", "country": "HK", "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": "2026-08-21", "benchmark": "^HSI", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 50.988, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Early expansion", "architecture_gate": "up", "architecture_direction": 63.018, "architecture_energy": 75.034, "architecture_maturity": 7.957, "architecture_confidence": 76.125, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 29.61, "rotation_up": 74.52, "upward_expansion": 90.38, "deceleration": 44.7, "rotation_down": 8.28, "downward_expansion": 17.05 }, "activity_lines": [ 1.991333, 1.962545, 1.945732, 1.938766 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 1.98, "trend_reference": 1.932727, "distance_from_trend": 0.024459, "trend_direction": "Improving", "fair_value": 1.861371, "distance_from_fair_value": 0.063732, "fair_value_direction": "Improving", "relative_strength": 1.253366, "relative_strength_direction": "Improving", "price_momentum": 0.011697, "excess_performance": 0.026988, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.024459, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.001277, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.063732, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.0025, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.012534, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.015223, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.011697, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.012821, "read": "Demand-led" } ], "volume": { "latest": 26000, "relative_activity": 0.330747, "balance": 2.012821, "dry_up": 0.524742, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.020202, "annualized_volatility": 0.12804, "from_high_reference": -0.02988, "from_low_reference": 0.073012 }, "levels": { "trend_reference": 1.932727, "fair_value_reference": 1.861371, "structural_low": 1.845273, "invalidation": "A 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"gate": "up", "direction": 77.613265, "energy": 60.017064, "activity_lines": [ 1.961333, 1.939818, 1.932342, 1.929572 ] }, { "date": "2026-08-14", "close": 2.02, "volume": 11000, "typical_volume": 109560.0, "trend": 1.930722, "fair_value": 1.858491, "relative_strength": 6.889323, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 77.020249, "energy": 76.908901, "activity_lines": [ 1.987333, 1.955636, 1.941202, 1.935587 ] }, { "date": "2026-08-21", "close": 1.98, "volume": 26000, "typical_volume": 78610.0, "trend": 1.932727, "fair_value": 1.861371, "relative_strength": 1.253366, "stage": 2, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 63.017903, "energy": 75.033775, "activity_lines": [ 1.991333, 1.962545, 1.945732, 1.938766 ] } ], "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." } } }