{
  "ticker": {
    "uuid": "27d2e5ce-e95d-493a-9845-aa8e98385dd7",
    "symbol": "003032",
    "name": "Jiangsu Chuanzhiboke Education Technology 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": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "up",
    "architecture_direction": 88.726,
    "architecture_energy": 68.752,
    "architecture_maturity": 31.266,
    "architecture_confidence": 62.787,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating upward.",
        "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair."
      },
      "scores": {
        "balance": 34.12,
        "rotation_up": 76.94,
        "upward_expansion": 77.54,
        "deceleration": 68.72,
        "rotation_down": 13.35,
        "downward_expansion": 13.54
      },
      "activity_lines": [
        8.368667,
        7.148364,
        6.810762,
        6.712258
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 11.5,
    "trend_reference": 6.631,
    "distance_from_trend": 0.734278,
    "trend_direction": "Improving",
    "fair_value": 8.992169,
    "distance_from_fair_value": 0.278891,
    "fair_value_direction": "Improving",
    "relative_strength": 68.193997,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.805338,
    "excess_performance": 0.797938,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.734278,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.001662,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.278891,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.542974,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.68194,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.794108,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.805338,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.40009,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 310489977,
      "relative_activity": 6.064475,
      "balance": 2.40009,
      "dry_up": 3.031215,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.088562,
      "annualized_volatility": 0.848302,
      "from_high_reference": -0.041667,
      "from_low_reference": 1.351738
    },
    "levels": {
      "trend_reference": 6.631,
      "fair_value_reference": 8.992169,
      "structural_low": 4.89,
      "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": 3,
        "median_return": -0.02129,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.019783,
        "regime_survival": 0.333333,
        "best_return": 0.057561,
        "worst_return": -0.146006,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": -0.222403,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.167318,
        "regime_survival": 0.0,
        "best_return": -0.109268,
        "worst_return": -0.335537,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": -0.42678,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.371161,
        "regime_survival": 0.0,
        "best_return": -0.386341,
        "worst_return": -0.467218,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.365845,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.411842,
        "regime_survival": 0.0,
        "best_return": -0.365845,
        "worst_return": -0.365845,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-15",
        "end": "2025-01-03",
        "tenure": "Developing",
        "return": -0.186347,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-10",
        "end": "2025-01-24",
        "tenure": "New",
        "return": 0.043578,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-31",
        "end": "2025-02-21",
        "tenure": "New",
        "return": 0.144078,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-28",
        "end": "2025-02-28",
        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-07",
        "end": "2025-07-18",
        "tenure": "Established",
        "return": -0.218097,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-25",
        "end": "2025-11-07",
        "tenure": "Established",
        "return": 0.077626,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-12-05",
        "tenure": "New",
        "return": -0.077033,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-04-03",
        "tenure": "Established",
        "return": -0.035032,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-04-10",
        "end": "2026-05-01",
        "tenure": "New",
        "return": 0.041401,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-05-08",
        "end": "2026-05-15",
        "tenure": "New",
        "return": 0.001404,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-06-12",
        "tenure": "New",
        "return": -0.155405,
        "active": false
      },
      {
        "regime": "balance",
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        "color": "blue",
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        "tenure": "New",
        "return": 0.0,
        "active": false
      },
      {
        "regime": "downward_expansion",
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        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_up",
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        "return": 0.305335,
        "active": true
      }
    ],
    "chart_path": [
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 31500704.4,
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        "fair_value": 9.043713,
        "relative_strength": -15.954462,
        "stage": 4,
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        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.844985,
        "energy": 61.158749,
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      },
      {
        "date": "2026-07-31",
        "close": 8.81,
        "volume": 125662958,
        "typical_volume": 36761617.3,
        "trend": 6.46,
        "fair_value": 9.007207,
        "relative_strength": 36.977989,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 21.878745,
        "energy": 19.906797,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 11.5,
        "volume": 310489977,
        "typical_volume": 51198159.65,
        "trend": 6.631,
        "fair_value": 8.992169,
        "relative_strength": 68.193997,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 88.726123,
        "energy": 68.752156,
        "activity_lines": [
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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."
    }
  }
}