{
  "ticker": {
    "uuid": "2e8db110-44a4-4a56-82ec-92211e5823ad",
    "symbol": "300406",
    "name": "Beijing Strong Biotechnologies,Inc.",
    "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": 76.207,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -24.885,
    "architecture_energy": 11.784,
    "architecture_maturity": 37.782,
    "architecture_confidence": 72.355,
    "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": 50.15,
        "rotation_up": 28.4,
        "upward_expansion": 16.87,
        "deceleration": 39.45,
        "rotation_down": 28.43,
        "downward_expansion": 59.87
      },
      "activity_lines": [
        11.505333,
        11.420182,
        11.538695,
        11.615014
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 11.75,
    "trend_reference": 11.845672,
    "distance_from_trend": -0.008077,
    "trend_direction": "Weakening",
    "fair_value": 13.601358,
    "distance_from_fair_value": -0.136116,
    "fair_value_direction": "Weakening",
    "relative_strength": -7.525359,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.059315,
    "excess_performance": -0.066714,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.008077,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.032911,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.136116,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.002078,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.075254,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.129124,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.059315,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.603961,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 24182687,
      "relative_activity": 1.272642,
      "balance": 0.603961,
      "dry_up": 1.347087,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.053224,
      "annualized_volatility": 0.229866,
      "from_high_reference": -0.224594,
      "from_low_reference": 0.097466
    },
    "levels": {
      "trend_reference": 11.845672,
      "fair_value_reference": 13.601358,
      "structural_low": 10.70648,
      "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": 24,
        "median_return": 0.013838,
        "positive_rate": 0.541667,
        "directional_follow_through": 0.416667,
        "median_excess_return": -0.005253,
        "regime_survival": 0.708333,
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        "worst_return": -0.14858,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.046733,
        "regime_survival": 0.3,
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        "worst_return": -0.248954,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
        "median_return": -0.014085,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.571429,
        "median_excess_return": 0.054503,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.666667,
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        "worst_return": -0.172084,
        "sufficient": false
      }
    ],
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        "regime": "rotation_down",
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      {
        "regime": "rotation_up",
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      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
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      {
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      },
      {
        "regime": "deceleration",
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      },
      {
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        "regime": "downward_expansion",
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      {
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      },
      {
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      },
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 18333584.55,
        "trend": 11.897158,
        "fair_value": 13.683754,
        "relative_strength": -10.849572,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 11.64,
        "volume": 23512531,
        "typical_volume": 18671133.95,
        "trend": 11.865333,
        "fair_value": 13.640745,
        "relative_strength": -4.27946,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -37.185467,
        "energy": 22.253232,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 11.75,
        "volume": 24182687,
        "typical_volume": 19001958.5,
        "trend": 11.845672,
        "fair_value": 13.601358,
        "relative_strength": -7.525359,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -24.884817,
        "energy": 11.784495,
        "activity_lines": [
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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."
    }
  }
}