{
  "ticker": {
    "uuid": "2e2228a8-c1ec-47d7-a3d7-8168ca05f626",
    "symbol": "600262",
    "name": "Inner Mongolia North Hauler Joint Stock Co., 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": -48.985,
    "architecture_energy": 41.648,
    "architecture_maturity": 61.261,
    "architecture_confidence": 65.059,
    "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": 19.45,
        "rotation_up": 24.74,
        "upward_expansion": 12.8,
        "deceleration": 65.17,
        "rotation_down": 45.56,
        "downward_expansion": 71.8
      },
      "activity_lines": [
        14.196886,
        14.172945,
        14.939384,
        15.853842
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 15.43,
    "trend_reference": 17.191176,
    "distance_from_trend": -0.102447,
    "trend_direction": "Weakening",
    "fair_value": 14.062407,
    "distance_from_fair_value": 0.097252,
    "fair_value_direction": "Weakening",
    "relative_strength": -9.108829,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.295967,
    "excess_performance": -0.252763,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.102447,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.068681,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.097252,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.115335,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.091088,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.004657,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.295967,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.190555,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 53030479,
      "relative_activity": 1.654083,
      "balance": 1.190555,
      "dry_up": 1.035495,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.087435,
      "annualized_volatility": 0.482004,
      "from_high_reference": -0.369129,
      "from_low_reference": 0.235388
    },
    "levels": {
      "trend_reference": 17.191176,
      "fair_value_reference": 14.062407,
      "structural_low": 12.49,
      "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": 16,
        "median_return": 0.058187,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.039589,
        "regime_survival": 0.625,
        "best_return": 0.249398,
        "worst_return": -0.138666,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.150202,
        "positive_rate": 0.833333,
        "directional_follow_through": 0.166667,
        "median_excess_return": 0.12371,
        "regime_survival": 0.0,
        "best_return": 0.41554,
        "worst_return": -0.030549,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.229411,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.120075,
        "regime_survival": 0.0,
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        "worst_return": 0.056153,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.283836,
        "positive_rate": 1.0,
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        "median_excess_return": 0.157811,
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        "worst_return": 0.130327,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
        "return": -0.098855,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-01-17",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.083889,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      },
      {
        "regime": "deceleration",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
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      },
      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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      {
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        "regime": "downward_expansion",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 14.03,
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        "typical_volume": 30624497.3,
        "trend": 17.279387,
        "fair_value": 14.052163,
        "relative_strength": -15.230222,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
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        "energy": 69.685524,
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      },
      {
        "date": "2026-08-07",
        "close": 15.43,
        "volume": 53030479,
        "typical_volume": 32060352.45,
        "trend": 17.191176,
        "fair_value": 14.062407,
        "relative_strength": -9.108829,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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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."
    }
  }
}