{
  "ticker": {
    "uuid": "26e62e3b-5831-4bfa-aece-594e57e27735",
    "symbol": "603613",
    "name": "Beijing United Information Technology 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": -63.013,
    "architecture_energy": 60.88,
    "architecture_maturity": 66.89,
    "architecture_confidence": 94.575,
    "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": 11.21,
        "rotation_up": 27.63,
        "upward_expansion": 11.64,
        "deceleration": 59.61,
        "rotation_down": 51.03,
        "downward_expansion": 82.64
      },
      "activity_lines": [
        18.67,
        18.775454,
        20.970524,
        22.462279
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 19.629999,
    "trend_reference": 24.360333,
    "distance_from_trend": -0.194182,
    "trend_direction": "Weakening",
    "fair_value": 25.659163,
    "distance_from_fair_value": -0.234971,
    "fair_value_direction": "Weakening",
    "relative_strength": -24.065182,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.275111,
    "excess_performance": -0.231907,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.194182,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.109496,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.234971,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.305314,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.240652,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.233664,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.275111,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.515859,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 59576939,
      "relative_activity": 1.304408,
      "balance": 0.515859,
      "dry_up": 1.25633,
      "accumulation_observations": 3,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.090521,
      "annualized_volatility": 0.429751,
      "from_high_reference": -0.413329,
      "from_low_reference": 0.15132
    },
    "levels": {
      "trend_reference": 24.360333,
      "fair_value_reference": 25.659163,
      "structural_low": 17.049999,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 28,
        "median_return": 0.002678,
        "positive_rate": 0.535714,
        "directional_follow_through": 0.464286,
        "median_excess_return": 0.002893,
        "regime_survival": 0.785714,
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        "worst_return": -0.232887,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
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        "regime_survival": 0.6,
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        "worst_return": -0.363715,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.070848,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.024337,
        "regime_survival": 0.5,
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        "worst_return": -0.443388,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.383663,
        "sufficient": false
      }
    ],
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "balance",
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      },
      {
        "regime": "upward_expansion",
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      {
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      {
        "regime": "rotation_down",
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        "active": false
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      {
        "regime": "downward_expansion",
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      },
      {
        "regime": "balance",
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      {
        "regime": "rotation_up",
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      {
        "regime": "deceleration",
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 45679827.15,
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        "fair_value": 25.852597,
        "relative_strength": -30.808702,
        "stage": 4,
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        "modifier": "Early contraction",
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        "energy": 80.586753,
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      },
      {
        "date": "2026-07-31",
        "close": 19.280001,
        "volume": 59770058,
        "typical_volume": 45544030.5,
        "trend": 24.639333,
        "fair_value": 25.753842,
        "relative_strength": -23.691287,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.91075,
        "energy": 65.426037,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 19.629999,
        "volume": 59576939,
        "typical_volume": 45673559.95,
        "trend": 24.360333,
        "fair_value": 25.659163,
        "relative_strength": -24.065182,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.013372,
        "energy": 60.879765,
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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."
    }
  }
}