{ "ticker": { "uuid": "31b0e8a3-a6c5-47a1-b8e9-0fea57ed5e7c", "symbol": "600668", "name": "Zhejiang Jianfeng Group 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": -62.335, "architecture_energy": 59.791, "architecture_maturity": 100.0, "architecture_confidence": 96, "architecture_tenure": "Extended", "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": 12.25, "rotation_up": 29.71, "upward_expansion": 12.0, "deceleration": 54.97, "rotation_down": 47.62, "downward_expansion": 83.0 }, "activity_lines": [ 7.258, 7.261167, 7.868745, 8.574857 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 7.42, "trend_reference": 9.486974, "distance_from_trend": -0.217875, "trend_direction": "Weakening", "fair_value": 9.260347, "distance_from_fair_value": -0.198734, "fair_value_direction": "Weakening", "relative_strength": -28.628348, "relative_strength_direction": "Weakening", "price_momentum": -0.330929, "excess_performance": -0.287725, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.217875, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.128756, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.198734, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.252312, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.286283, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.070182, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.330929, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.503645, "read": "Supply-led" } ], "volume": { "latest": 26539030, "relative_activity": 0.855678, "balance": 0.503645, "dry_up": 0.867874, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.075964, "annualized_volatility": 0.326725, "from_high_reference": -0.418039, "from_low_reference": 0.080058 }, "levels": { "trend_reference": 9.486974, "fair_value_reference": 9.260347, "structural_low": 6.87, 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8.15669, 8.874854 ] }, { "date": "2026-07-31", "close": 7.29, "volume": 23665373, "typical_volume": 30854933.5, "trend": 9.616307, "fair_value": 9.273466, "relative_strength": -28.733417, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.536521, "energy": 62.22705, "activity_lines": [ 7.194952, 7.247153, 7.997598, 8.716554 ] }, { "date": "2026-08-07", "close": 7.42, "volume": 26539030, "typical_volume": 31015212.5, "trend": 9.486974, "fair_value": 9.260347, "relative_strength": -28.628348, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.335376, "energy": 59.791346, "activity_lines": [ 7.258, 7.261167, 7.868745, 8.574857 ] } ], "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." } } }