{ "ticker": { "uuid": "29602352-bb1c-4614-881b-ec9351787fa6", "symbol": "000089", "name": "Shenzhen Airport 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": 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": -22.983, "architecture_energy": 22.721, "architecture_maturity": 94.2, "architecture_confidence": 59.788, "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": 51.12, "rotation_up": 38.49, "upward_expansion": 20.0, "deceleration": 44.16, "rotation_down": 17.88, "downward_expansion": 51.66 }, "activity_lines": [ 6.570667, 6.458212, 6.495445, 6.606859 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 6.49, "trend_reference": 6.760387, "distance_from_trend": -0.039996, "trend_direction": "Weakening", "fair_value": 6.70801, "distance_from_fair_value": -0.0325, "fair_value_direction": "Weakening", "relative_strength": -9.486001, "relative_strength_direction": "Improving", "price_momentum": -0.103591, "excess_performance": -0.110991, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.039996, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.032944, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.0325, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.04113, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.09486, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.125162, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.103591, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.647573, "read": "Supply-led" } ], "volume": { "latest": 81734307, "relative_activity": 1.634977, "balance": 0.647573, "dry_up": 1.800814, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.04692, "annualized_volatility": 0.183825, "from_high_reference": -0.135819, "from_low_reference": 0.077483 }, "levels": { "trend_reference": 6.760387, "fair_value_reference": 6.70801, "structural_low": 6.023296, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 27, "median_return": 0.008392, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": 0.003685, "regime_survival": 0.740741, "best_return": 0.086525, "worst_return": -0.096317, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.01193, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": 0.030364, "regime_survival": 0.4, "best_return": 0.148209, "worst_return": -0.100059, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.033998, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.003543, "regime_survival": 0.166667, "best_return": 0.099349, "worst_return": -0.057915, "sufficient": true }, { "horizon": "Full 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6.643665 ] }, { "date": "2026-07-24", "close": 6.54, "volume": 100412708, "typical_volume": 47630819.5, "trend": 6.787054, "fair_value": 6.711759, "relative_strength": -6.440269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.524804, "energy": 21.971116, "activity_lines": [ 6.44, 6.371975, 6.492127, 6.626479 ] }, { "date": "2026-07-31", "close": 6.77, "volume": 78956138, "typical_volume": 48790707.8, "trend": 6.777054, "fair_value": 6.711247, "relative_strength": -1.216825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.858358, "energy": 19.003541, "activity_lines": [ 6.573333, 6.442729, 6.506167, 6.625379 ] }, { "date": "2026-08-07", "close": 6.49, "volume": 81734307, "typical_volume": 49991114.55, "trend": 6.760387, "fair_value": 6.70801, "relative_strength": -9.486001, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.983194, "energy": 22.720992, "activity_lines": [ 6.570667, 6.458212, 6.495445, 6.606859 ] } ], "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." } } }