{ "ticker": { "uuid": "28e3bc55-1741-482e-9407-d4c77be227a0", "symbol": "688789", "name": "Hangzhou Honghua Digital Technology Stock Company 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": -69.067, "architecture_energy": 80.351, "architecture_maturity": 62.623, "architecture_confidence": 96, "architecture_tenure": "Established", "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": 6.84, "rotation_up": 22.63, "upward_expansion": 18.53, "deceleration": 39.84, "rotation_down": 63.11, "downward_expansion": 91.86 }, "activity_lines": [ 45.555333, 47.521533, 51.605052, 56.856456 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 45.09, "trend_reference": 64.077571, "distance_from_trend": -0.296322, "trend_direction": "Weakening", "fair_value": 67.452648, "distance_from_fair_value": -0.331531, "fair_value_direction": "Weakening", "relative_strength": -35.390894, "relative_strength_direction": "Weakening", "price_momentum": -0.416084, "excess_performance": -0.37288, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.296322, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.134053, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.331531, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.211066, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.353909, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.085778, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.416084, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.442863, "read": "Supply-led" } ], "volume": { "latest": 7563219, "relative_activity": 0.908512, "balance": 0.442863, "dry_up": 0.91021, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.09107, "annualized_volatility": 0.354029, "from_high_reference": -0.499, "from_low_reference": 0.0469 }, "levels": { "trend_reference": 64.077571, "fair_value_reference": 67.452648, "structural_low": 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"2026-07-10", "close": 48.889999, "volume": 7477616, "typical_volume": 8658080.25, "trend": 68.668237, "fair_value": 67.759209, "relative_strength": -33.153515, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.030703, "energy": 65.631664, "activity_lines": [ 51.043388, 52.052878, 57.298664, 62.447851 ] }, { "date": "2026-07-17", "close": 46.099998, "volume": 7103485, "typical_volume": 8619049.95, "trend": 67.602237, "fair_value": 67.683135, "relative_strength": -32.557882, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.537286, "energy": 68.756154, "activity_lines": [ 49.338638, 50.696989, 55.676297, 60.991835 ] }, { "date": "2026-07-24", "close": 43.689999, "volume": 7505211, "typical_volume": 8532067.1, "trend": 66.412571, "fair_value": 67.605663, "relative_strength": -36.421889, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.466227, "energy": 72.803677, "activity_lines": [ 47.080258, 49.155941, 54.017215, 59.44911 ] }, { "date": "2026-07-31", "close": 46.43, "volume": 8137484, "typical_volume": 8377141.6, "trend": 65.293571, "fair_value": 67.542727, "relative_strength": -32.218409, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.01333, "energy": 76.729167, "activity_lines": [ 46.337333, 48.359777, 52.804419, 58.159912 ] }, { "date": "2026-08-07", "close": 45.09, "volume": 7563219, "typical_volume": 8324840.1, "trend": 64.077571, "fair_value": 67.452648, "relative_strength": -35.390894, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.067433, "energy": 80.351431, "activity_lines": [ 45.555333, 47.521533, 51.605052, 56.856456 ] } ], "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." } } }