{ "ticker": { "uuid": "32aa8944-b780-4909-bfed-46cef1025224", "symbol": "000505", "name": "Hainan Jingliang Holdings 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": "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": -44.731, "architecture_energy": 35.355, "architecture_maturity": 95.083, "architecture_confidence": 87.729, "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": 23.34, "rotation_up": 27.63, "upward_expansion": 18.04, "deceleration": 46.98, "rotation_down": 34.15, "downward_expansion": 65.7 }, "activity_lines": [ 5.543333, 5.450182, 5.706095, 6.002925 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 5.78, "trend_reference": 6.429667, "distance_from_trend": -0.101042, "trend_direction": "Weakening", "fair_value": 6.496421, "distance_from_fair_value": -0.110279, "fair_value_direction": "Weakening", "relative_strength": -17.34236, "relative_strength_direction": "Improving", "price_momentum": -0.258023, "excess_performance": -0.265423, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.101042, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.107982, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.110279, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.123112, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.173424, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.040889, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.258023, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.591973, "read": "Supply-led" } ], "volume": { "latest": 80541479, "relative_activity": 1.783639, "balance": 0.591973, "dry_up": 1.029737, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.069204, "annualized_volatility": 0.297277, "from_high_reference": -0.391579, "from_low_reference": 0.142292 }, "levels": { "trend_reference": 6.429667, "fair_value_reference": 6.496421, "structural_low": 5.06, "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": 24, "median_return": 0.014279, "positive_rate": 0.583333, "directional_follow_through": 0.416667, "median_excess_return": 0.010787, "regime_survival": 0.791667, "best_return": 0.213894, "worst_return": -0.146067, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.0, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": 0.003012, "regime_survival": 0.555556, "best_return": 0.139706, "worst_return": -0.186047, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.003681, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.071133, "regime_survival": 0.2, "best_return": 0.229021, "worst_return": -0.144429, "sufficient": true }, { "horizon": "Full 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"activity_lines": [ 5.321333, 5.455636, 5.876524, 6.212452 ] }, { "date": "2026-07-24", "close": 5.25, "volume": 38943387, "typical_volume": 54415475.0, "trend": 6.632, "fair_value": 6.524875, "relative_strength": -23.287159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.159872, "energy": 62.996937, "activity_lines": [ 5.308, 5.380909, 5.783286, 6.118581 ] }, { "date": "2026-07-31", "close": 5.58, "volume": 31274329, "typical_volume": 48570777.95, "trend": 6.520667, "fair_value": 6.510133, "relative_strength": -16.560887, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.406138, "energy": 49.145477, "activity_lines": [ 5.409333, 5.391455, 5.731048, 6.05071 ] }, { "date": "2026-08-07", "close": 5.78, "volume": 80541479, "typical_volume": 45155710.6, "trend": 6.429667, "fair_value": 6.496421, "relative_strength": -17.34236, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.731261, "energy": 35.354996, "activity_lines": [ 5.543333, 5.450182, 5.706095, 6.002925 ] } ], "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." } } }