{ "ticker": { "uuid": "2db4749e-4a5b-46df-8e0c-e8415f107d16", "symbol": "000408", "name": "Zangge Mining Company Limited", "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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "mixed", "architecture_direction": 17.572, "architecture_energy": 20.522, "architecture_maturity": 65.11, "architecture_confidence": 62.715, "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": 50.02, "rotation_up": 55.03, "upward_expansion": 26.59, "deceleration": 40.84, "rotation_down": 20.79, "downward_expansion": 31.92 }, "activity_lines": [ 80.719333, 77.144909, 78.233322, 79.113568 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 90.0, "trend_reference": 80.701578, "distance_from_trend": 0.11522, "trend_direction": "Improving", "fair_value": 42.373727, "distance_from_fair_value": 1.123958, "fair_value_direction": "Weakening", "relative_strength": 22.159978, "relative_strength_direction": "Improving", "price_momentum": 0.060971, "excess_performance": 0.053571, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.11522, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.036085, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.123958, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.203191, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.2216, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.04791, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.060971, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.572094, "read": "Supply-led" } ], "volume": { "latest": 85925028, "relative_activity": 1.386872, "balance": 0.572094, "dry_up": 1.218441, "accumulation_observations": 2, "distribution_observations": 6 }, "risk": { "range_context": 0.089393, "annualized_volatility": 0.428311, "from_high_reference": -0.058781, "from_low_reference": 0.993693 }, "levels": { "trend_reference": 80.701578, "fair_value_reference": 42.373727, "structural_low": 66.5, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 14, "median_return": 0.046615, "positive_rate": 0.642857, "directional_follow_through": 0.357143, "median_excess_return": 0.026499, "regime_survival": 0.785714, "best_return": 0.298701, "worst_return": -0.101397, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.047594, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.032606, "regime_survival": 0.4, "best_return": 0.266431, "worst_return": -0.038599, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.152014, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.138927, "regime_survival": 0.25, "best_return": 0.348266, "worst_return": -0.064626, "sufficient": false }, { 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"activity_lines": [ 70.184667, 72.912909, 77.119332, 78.71142 ] }, { "date": "2026-07-24", "close": 77.269997, "volume": 90593727, "typical_volume": 65036812.9, "trend": 80.575408, "fair_value": 41.5477, "relative_strength": 10.666627, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.896433, "energy": 38.909866, "activity_lines": [ 72.226666, 73.268909, 76.978159, 78.495654 ] }, { "date": "2026-07-31", "close": 80.620003, "volume": 57202800, "typical_volume": 64008456.9, "trend": 80.466924, "fair_value": 41.932718, "relative_strength": 16.303896, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -32.815248, "energy": 20.608416, "activity_lines": [ 75.328667, 74.351091, 77.164408, 78.498531 ] }, { "date": "2026-08-07", "close": 90.0, "volume": 85925028, "typical_volume": 61955972.15, "trend": 80.701578, "fair_value": 42.373727, "relative_strength": 22.159978, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 17.571824, "energy": 20.522192, "activity_lines": [ 80.719333, 77.144909, 78.233322, 79.113568 ] } ], "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." } } }