{ "ticker": { "uuid": "326a2a88-8e7f-405b-9fbe-1adcf751a8d6", "symbol": "002157", "name": "Jiangxi ZhengBang 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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "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": -56.174, "architecture_energy": 41.256, "architecture_maturity": 25.654, "architecture_confidence": 95.434, "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": 16.28, "rotation_up": 23.34, "upward_expansion": 6.17, "deceleration": 47.57, "rotation_down": 46.94, "downward_expansion": 77.17 }, "activity_lines": [ 2.896667, 2.900727, 3.007429, 3.067398 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 2.9, "trend_reference": 3.136, "distance_from_trend": -0.075255, "trend_direction": "Weakening", "fair_value": 2.921923, "distance_from_fair_value": -0.007503, "fair_value_direction": "Weakening", "relative_strength": -9.814042, "relative_strength_direction": "Weakening", "price_momentum": -0.121212, "excess_performance": -0.128612, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.075255, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.027195, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.007503, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.196913, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.09814, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.009575, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.121212, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.236085, "read": "Supply-led" } ], "volume": { "latest": 450665609, "relative_activity": 0.578716, "balance": 0.236085, "dry_up": 0.66867, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.061273, "annualized_volatility": 0.29592, "from_high_reference": -0.262087, "from_low_reference": 0.074074 }, "levels": { "trend_reference": 3.136, "fair_value_reference": 2.921923, "structural_low": 2.7, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 31, "median_return": 0.003546, "positive_rate": 0.516129, "directional_follow_through": 0.483871, "median_excess_return": -0.039298, "regime_survival": 0.806452, "best_return": 0.381387, "worst_return": -0.244386, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.038462, "positive_rate": 0.363636, "directional_follow_through": 0.636364, "median_excess_return": -0.058635, "regime_survival": 0.454545, "best_return": 0.098039, "worst_return": -0.205674, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.065421, "positive_rate": 0.285714, "directional_follow_through": 0.714286, "median_excess_return": -0.106296, "regime_survival": 0.142857, "best_return": 0.117647, "worst_return": -0.283582, "sufficient": true }, { 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"relative_strength": -7.058316, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.867171, "energy": 56.984788, "activity_lines": [ 2.900667, 2.955273, 3.074619, 3.12286 ] }, { "date": "2026-07-24", "close": 2.82, "volume": 518256427, "typical_volume": 838214255.7, "trend": 3.168333, "fair_value": 2.919295, "relative_strength": -9.657503, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.976176, "energy": 48.508706, "activity_lines": [ 2.878, 2.916727, 3.043952, 3.098731 ] }, { "date": "2026-07-31", "close": 2.93, "volume": 464830160, "typical_volume": 800736879.0, "trend": 3.147333, "fair_value": 2.921154, "relative_strength": -4.40977, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.568206, "energy": 39.879, "activity_lines": [ 2.897333, 2.908364, 3.026143, 3.083355 ] }, { "date": "2026-08-07", "close": 2.9, "volume": 450665609, "typical_volume": 778733762.8, "trend": 3.136, "fair_value": 2.921923, "relative_strength": -9.814042, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.173823, "energy": 41.25588, "activity_lines": [ 2.896667, 2.900727, 3.007429, 3.067398 ] } ], "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." } } }