{
  "ticker": {
    "uuid": "2af5585b-cc8b-4d8a-90a4-b5fc19cbb130",
    "symbol": "300491",
    "name": "Shijiazhuang Tonhe Electronics Technologies 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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 61.883,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "mixed",
    "architecture_direction": -17.534,
    "architecture_energy": 28.806,
    "architecture_maturity": 48.284,
    "architecture_confidence": 65.971,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 48.22,
        "rotation_up": 14.28,
        "upward_expansion": 15.22,
        "deceleration": 71.59,
        "rotation_down": 61.77,
        "downward_expansion": 40.22
      },
      "activity_lines": [
        26.068667,
        28.777637,
        29.319175,
        28.767567
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 28.139999,
    "trend_reference": 28.249753,
    "distance_from_trend": -0.003885,
    "trend_direction": "Improving",
    "fair_value": 21.897298,
    "distance_from_fair_value": 0.28509,
    "fair_value_direction": "Improving",
    "relative_strength": -4.814128,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.028987,
    "excess_performance": 0.021587,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.003885,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.041767,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.28509,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.029583,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.048141,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.077615,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.028987,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.437136,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 61237902,
      "relative_activity": 1.485601,
      "balance": 1.437136,
      "dry_up": 1.530998,
      "accumulation_observations": 5,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.195506,
      "annualized_volatility": 0.786983,
      "from_high_reference": -0.318234,
      "from_low_reference": 0.443077
    },
    "levels": {
      "trend_reference": 28.249753,
      "fair_value_reference": 21.897298,
      "structural_low": 19.5,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
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        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.041183,
        "regime_survival": 0.428571,
        "best_return": 0.342985,
        "worst_return": -0.199336,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.049142,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.040874,
        "regime_survival": 0.0,
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        "worst_return": -0.192294,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.230253,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.388968,
        "regime_survival": 0.0,
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        "worst_return": 0.122684,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
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        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.79807,
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        "worst_return": 0.650651,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-10-04",
        "tenure": "Extended",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "New",
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      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
        "return": 0.030886,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-04-25",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      {
        "regime": "deceleration",
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        "active": false
      },
      {
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      },
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        "regime": "downward_expansion",
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      },
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      },
      {
        "date": "2026-07-17",
        "close": 24.450001,
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        "typical_volume": 40470324.5,
        "trend": 28.25337,
        "fair_value": 21.938842,
        "relative_strength": -13.537928,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 15.259372,
        "energy": 11.936096,
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      },
      {
        "date": "2026-07-24",
        "close": 23.860001,
        "volume": 68081777,
        "typical_volume": 40904074.4,
        "trend": 28.206584,
        "fair_value": 21.911176,
        "relative_strength": -16.013299,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -14.954054,
        "energy": 22.386743,
        "activity_lines": [
          27.948667,
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      },
      {
        "date": "2026-07-31",
        "close": 24.43,
        "volume": 72785600,
        "typical_volume": 40483116.9,
        "trend": 28.146894,
        "fair_value": 21.88571,
        "relative_strength": -12.841517,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -22.944543,
        "energy": 31.255032,
        "activity_lines": [
          25.958,
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          29.33887,
          28.768012
        ]
      },
      {
        "date": "2026-08-07",
        "close": 28.139999,
        "volume": 61237902,
        "typical_volume": 41220962.0,
        "trend": 28.249753,
        "fair_value": 21.897298,
        "relative_strength": -4.814128,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -17.534161,
        "energy": 28.805939,
        "activity_lines": [
          26.068667,
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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."
    }
  }
}