{ "ticker": { "uuid": "2f641d32-50e2-46e2-ac64-0b4f931f86f8", "symbol": "300765", "name": "CSPC Innovation Pharmaceutical 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 79.644, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 49.525, "architecture_energy": 66.965, "architecture_maturity": 31.959, "architecture_confidence": 72.217, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 19.02, "rotation_up": 77.24, "upward_expansion": 66.07, "deceleration": 18.6, "rotation_down": 16.56, "downward_expansion": 22.07 }, "activity_lines": [ 38.925334, 35.954364, 32.906905, 32.477742 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 1.0 }, "latest_close": 41.18, "trend_reference": 32.957667, "distance_from_trend": 0.249482, "trend_direction": "Weakening", "fair_value": 32.497768, "distance_from_fair_value": 0.267164, "fair_value_direction": "Improving", "relative_strength": 7.028162, "relative_strength_direction": "Improving", "price_momentum": 0.059429, "excess_performance": 0.052029, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.249482, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.006222, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.267164, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.224038, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.070282, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.464175, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.059429, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.116216, "read": "Demand-led" } ], "volume": { "latest": 98649923, "relative_activity": 1.541806, "balance": 1.116216, "dry_up": 1.757274, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.119195, "annualized_volatility": 0.645165, "from_high_reference": -0.313667, "from_low_reference": 0.778066 }, "levels": { "trend_reference": 32.957667, "fair_value_reference": 32.497768, "structural_low": 23.16, "invalidation": "A 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"date": "2026-07-24", "close": 36.900002, "volume": 117362160, "typical_volume": 58470615.05, "trend": 32.749333, "fair_value": 32.13292, "relative_strength": -3.072145, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 26.254052, "energy": 43.739798, "activity_lines": [ 36.828001, 32.762728, 31.288476, 31.596237 ] }, { "date": "2026-07-31", "close": 38.02, "volume": 110591098, "typical_volume": 61864760.15, "trend": 32.787333, "fair_value": 32.303947, "relative_strength": 2.644857, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 39.161866, "energy": 64.431055, "activity_lines": [ 37.770667, 34.154728, 31.966334, 31.93628 ] }, { "date": "2026-08-07", "close": 41.18, "volume": 98649923, "typical_volume": 63983353.85, "trend": 32.957667, "fair_value": 32.497768, "relative_strength": 7.028162, "stage": 1, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 49.525259, "energy": 66.965017, "activity_lines": [ 38.925334, 35.954364, 32.906905, 32.477742 ] } ], "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." } } }