{
  "ticker": {
    "uuid": "320d841a-bf6c-47e2-83df-f689ec2665ac",
    "symbol": "301108",
    "name": "Tongling Jieya Biologic Technology 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 81.05,
    "architecture_regime": "rotation_up",
    "architecture_regime_label": "Rotation Up",
    "architecture_modifier": "Value reclamation",
    "architecture_gate": "mixed",
    "architecture_direction": 51.5,
    "architecture_energy": 72.91,
    "architecture_maturity": 24.0,
    "architecture_confidence": 88.069,
    "architecture_tenure": "New",
    "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": 10.78,
        "rotation_up": 79.16,
        "upward_expansion": 59.6,
        "deceleration": 15.54,
        "rotation_down": 16.73,
        "downward_expansion": 32.26
      },
      "activity_lines": [
        33.323999,
        30.251454,
        28.032603,
        28.195427
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 37.389999,
    "trend_reference": 29.20362,
    "distance_from_trend": 0.280321,
    "trend_direction": "Weakening",
    "fair_value": 29.03948,
    "distance_from_fair_value": 0.287557,
    "fair_value_direction": "Improving",
    "relative_strength": 18.485996,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.114132,
    "excess_performance": 0.106732,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.280321,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.045174,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.287557,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.379634,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.18486,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.484658,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.114132,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.358753,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 13163225,
      "relative_activity": 1.433217,
      "balance": 1.358753,
      "dry_up": 1.777283,
      "accumulation_observations": 4,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.089134,
      "annualized_volatility": 0.574326,
      "from_high_reference": -0.046079,
      "from_low_reference": 0.705748
    },
    "levels": {
      "trend_reference": 29.20362,
      "fair_value_reference": 29.03948,
      "structural_low": 21.92,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 2,
        "median_return": -0.004921,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.014666,
        "regime_survival": 0.5,
        "best_return": 0.042105,
        "worst_return": -0.051948,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": -0.065413,
        "positive_rate": 0.0,
        "directional_follow_through": 0.0,
        "median_excess_return": -0.036775,
        "regime_survival": 0.0,
        "best_return": -0.065413,
        "worst_return": -0.065413,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.026316,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.079463,
        "regime_survival": 0.0,
        "best_return": 0.026316,
        "worst_return": 0.026316,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.218147,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.061391,
        "regime_survival": 0.0,
        "best_return": 0.218147,
        "worst_return": 0.218147,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-13",
        "end": "2025-01-03",
        "tenure": "New",
        "return": -0.219408,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": 0.182174,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-07",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": 0.053897,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-11",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.303777,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-23",
        "end": "2025-07-11",
        "tenure": "Developing",
        "return": -0.30541,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-18",
        "end": "2025-08-01",
        "tenure": "New",
        "return": 0.07196,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-08-08",
        "end": "2025-08-22",
        "tenure": "New",
        "return": 0.181951,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-29",
        "end": "2025-09-05",
        "tenure": "New",
        "return": 0.040123,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-11-28",
        "tenure": "Developing",
        "return": -0.06613,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-05",
        "end": "2026-01-09",
        "tenure": "Developing",
        "return": 0.102132,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-02-27",
        "tenure": "Developing",
        "return": -0.082314,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.053958,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-27",
        "end": "2026-07-24",
        "tenure": "Established",
        "return": -0.039226,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "New",
        "return": 0.050281,
        "active": true
      }
    ],
    "chart_path": [
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      },
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      },
      {
        "date": "2026-07-24",
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        "trend": 28.980766,
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        "stage": 4,
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        "direction": -5.415772,
        "energy": 20.1974,
        "activity_lines": [
          27.744,
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      },
      {
        "date": "2026-07-31",
        "close": 35.599998,
        "volume": 24217948,
        "typical_volume": 8747835.0,
        "trend": 29.059377,
        "fair_value": 29.026951,
        "relative_strength": 19.182716,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Structural repair",
        "gate": "mixed",
        "direction": 49.915358,
        "energy": 48.414072,
        "activity_lines": [
          30.591999,
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      },
      {
        "date": "2026-08-07",
        "close": 37.389999,
        "volume": 13163225,
        "typical_volume": 9184393.75,
        "trend": 29.20362,
        "fair_value": 29.03948,
        "relative_strength": 18.485996,
        "stage": 3,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 51.499543,
        "energy": 72.910262,
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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."
    }
  }
}