{
  "ticker": {
    "uuid": "2f75a1c9-da4e-48fc-8db5-b19c8ed8dfd3",
    "symbol": "688608",
    "name": "Bestechnic (Shanghai) 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": -34.691,
    "architecture_energy": 15.056,
    "architecture_maturity": 86.066,
    "architecture_confidence": 74.631,
    "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": 44.68,
        "rotation_up": 29.02,
        "upward_expansion": 21.01,
        "deceleration": 40.39,
        "rotation_down": 30.51,
        "downward_expansion": 55.01
      },
      "activity_lines": [
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        120.264118
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 112.309998,
    "trend_reference": 128.268463,
    "distance_from_trend": -0.124415,
    "trend_direction": "Weakening",
    "fair_value": 122.15812,
    "distance_from_fair_value": -0.080618,
    "fair_value_direction": "Weakening",
    "relative_strength": -23.541187,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.278462,
    "excess_performance": -0.235258,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.124415,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.102951,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.080618,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.151567,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.235412,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.066236,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.278462,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.776918,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 33017303,
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      "dry_up": 1.230594,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.142767,
      "annualized_volatility": 0.378786,
      "from_high_reference": -0.510464,
      "from_low_reference": 0.115859
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    "levels": {
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      "fair_value_reference": 122.15812,
      "structural_low": 100.648939,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 20,
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        "positive_rate": 0.6,
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        "regime_survival": 0.7,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.317572,
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      },
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      {
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      },
      {
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      },
      {
        "date": "2026-07-24",
        "close": 123.279999,
        "volume": 46123495,
        "typical_volume": 33119312.3,
        "trend": 130.989183,
        "fair_value": 121.490884,
        "relative_strength": -14.883077,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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      },
      {
        "date": "2026-07-31",
        "close": 123.870003,
        "volume": 33137179,
        "typical_volume": 33872074.2,
        "trend": 129.864786,
        "fair_value": 121.847322,
        "relative_strength": -14.122351,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -21.466865,
        "energy": 13.559398,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 112.309998,
        "volume": 33017303,
        "typical_volume": 34707283.65,
        "trend": 128.268463,
        "fair_value": 122.15812,
        "relative_strength": -23.541187,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -34.690516,
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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."
    }
  }
}