{ "ticker": { "uuid": "263f773b-99c0-42eb-af59-4e31e72cddb6", "symbol": "002127", "name": "NanJi E-Commerce 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 28.131, "architecture_energy": 30.647, "architecture_maturity": 20.956, "architecture_confidence": 66.212, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 47.59, "rotation_up": 62.39, "upward_expansion": 40.24, "deceleration": 40.27, "rotation_down": 14.69, "downward_expansion": 15.24 }, "activity_lines": [ 3.076, 2.957091, 2.924004, 2.930092 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 3.19, "trend_reference": 2.984174, "distance_from_trend": 0.068973, "trend_direction": "Weakening", "fair_value": 3.437381, "distance_from_fair_value": -0.071968, "fair_value_direction": "Improving", "relative_strength": -5.126405, "relative_strength_direction": "Improving", "price_momentum": -0.009317, "excess_performance": -0.016717, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.068973, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.064866, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.071968, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.076667, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.051264, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.27067, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.009317, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.40233, "read": "Demand-led" } ], "volume": { "latest": 255684106, "relative_activity": 1.320926, "balance": 1.40233, "dry_up": 1.724163, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.080261, "annualized_volatility": 0.345358, "from_high_reference": -0.186224, "from_low_reference": 0.23166 }, "levels": { "trend_reference": 2.984174, "fair_value_reference": 3.437381, "structural_low": 2.59, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": -0.052139, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.044948, "regime_survival": 0.5625, "best_return": 0.176316, "worst_return": -0.234323, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.136462, "positive_rate": 0.125, "directional_follow_through": 0.125, "median_excess_return": -0.158085, "regime_survival": 0.25, "best_return": 0.453333, "worst_return": -0.251925, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.197075, "positive_rate": 0.166667, "directional_follow_through": 0.166667, "median_excess_return": -0.248563, "regime_survival": 0.333333, "best_return": 0.373333, "worst_return": -0.388339, "sufficient": true }, { 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"2026-07-24", "close": 2.89, "volume": 394481833, "typical_volume": 180333906.5, "trend": 3.002174, "fair_value": 3.444648, "relative_strength": -12.327915, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -26.427048, "energy": 17.220981, "activity_lines": [ 2.910667, 2.851339, 2.872101, 2.910889 ] }, { "date": "2026-07-31", "close": 3.1, "volume": 252941556, "typical_volume": 187659015.1, "trend": 2.990174, "fair_value": 3.441221, "relative_strength": -3.721509, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 20.072707, "energy": 22.257474, "activity_lines": [ 2.994, 2.896523, 2.893981, 2.9172 ] }, { "date": "2026-08-07", "close": 3.19, "volume": 255684106, "typical_volume": 193564231.2, "trend": 2.984174, "fair_value": 3.437381, "relative_strength": -5.126405, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 28.131377, "energy": 30.646799, "activity_lines": [ 3.076, 2.957091, 2.924004, 2.930092 ] } ], "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." } } }