{
  "ticker": {
    "uuid": "31810c5b-64a4-4932-9061-0e7010afc8a4",
    "symbol": "688032",
    "name": "Hoymiles Power Electronics Inc.",
    "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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -65.659,
    "architecture_energy": 65.125,
    "architecture_maturity": 38.022,
    "architecture_confidence": 96,
    "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": 10.84,
        "rotation_up": 24.64,
        "upward_expansion": 12.14,
        "deceleration": 48.78,
        "rotation_down": 59.27,
        "downward_expansion": 85.48
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 78.730003,
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    "distance_from_trend": -0.229633,
    "trend_direction": "Weakening",
    "fair_value": 122.451758,
    "distance_from_fair_value": -0.357053,
    "fair_value_direction": "Weakening",
    "relative_strength": -24.246809,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.237038,
    "excess_performance": -0.193835,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.229633,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.063475,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.357053,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.230597,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.242468,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.236301,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.237038,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.3028,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 4655835,
      "relative_activity": 0.644736,
      "balance": 0.3028,
      "dry_up": 0.79095,
      "accumulation_observations": 0,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.090856,
      "annualized_volatility": 0.480462,
      "from_high_reference": -0.448283,
      "from_low_reference": 0.088483
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    "levels": {
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      "fair_value_reference": 122.451758,
      "structural_low": 72.330002,
      "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": 21,
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        "positive_rate": 0.571429,
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        "sufficient": true
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        "horizon": "Intermediate",
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      },
      {
        "date": "2026-04-17",
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      },
      {
        "date": "2026-07-03",
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      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 9215550.45,
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        "fair_value": 125.296318,
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        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -82.935767,
        "energy": 92.411074,
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          100.554689
        ]
      },
      {
        "date": "2026-07-24",
        "close": 74.040001,
        "volume": 7441553,
        "typical_volume": 8896809.55,
        "trend": 103.567334,
        "fair_value": 124.301962,
        "relative_strength": -27.347152,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.87163,
        "energy": 89.602401,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 78.550003,
        "volume": 5338780,
        "typical_volume": 8113544.45,
        "trend": 102.933334,
        "fair_value": 123.334573,
        "relative_strength": -22.809246,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -67.530274,
        "energy": 77.666348,
        "activity_lines": [
          76.935335,
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          90.421811,
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      },
      {
        "date": "2026-08-07",
        "close": 78.730003,
        "volume": 4655835,
        "typical_volume": 7221302.1,
        "trend": 102.198001,
        "fair_value": 122.451758,
        "relative_strength": -24.246809,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.659458,
        "energy": 65.125318,
        "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."
    }
  }
}