{ "ticker": { "uuid": "332c9949-f2ef-44ae-a895-1a10ec0a87c7", "symbol": "600703", "name": "Sanan Optoelectronics 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 50.393, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -56.225, "architecture_energy": 44.911, "architecture_maturity": 10.998, "architecture_confidence": 58.835, "architecture_tenure": "New", "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": 39.5, "rotation_up": 8.26, "upward_expansion": 3.79, "deceleration": 52.73, "rotation_down": 68.37, "downward_expansion": 74.79 }, "activity_lines": [ 13.207333, 14.773637, 15.21381, 15.240022 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 14.4, "trend_reference": 15.373333, "distance_from_trend": -0.063313, "trend_direction": "Improving", "fair_value": 13.454769, "distance_from_fair_value": 0.070253, "fair_value_direction": "Weakening", "relative_strength": -2.180263, "relative_strength_direction": "Weakening", "price_momentum": -0.108911, "excess_performance": -0.065707, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.063313, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.047372, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.070253, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.052023, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.021803, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.021973, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.108911, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.318177, "read": "Demand-led" } ], "volume": { "latest": 1083141413, "relative_activity": 0.991784, "balance": 1.318177, "dry_up": 0.908973, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.203312, "annualized_volatility": 0.959957, "from_high_reference": -0.378775, "from_low_reference": 0.328413 }, "levels": { "trend_reference": 15.373333, "fair_value_reference": 13.454769, "structural_low": 10.84, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 25, "median_return": -0.023411, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.007428, "regime_survival": 0.84, "best_return": 0.227586, "worst_return": -0.214851, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.072153, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.055223, "regime_survival": 0.7, "best_return": 0.151585, "worst_return": -0.245019, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.084138, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.118951, "regime_survival": 0.4, "best_return": 0.013256, "worst_return": -0.234503, "sufficient": true }, { "horizon": "Full 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"2026-07-17", "close": 12.45, "volume": 1193259026, "typical_volume": 1134628900.3, "trend": 15.467, "fair_value": 13.532444, "relative_strength": -11.806882, "stage": 4, "regime": "upward_expansion", "modifier": "Early expansion", "gate": "up", "direction": 11.941654, "energy": 12.712756, "activity_lines": [ 16.38, 16.597637, 15.91981, 15.746022 ] }, { "date": "2026-07-24", "close": 11.77, "volume": 923940416, "typical_volume": 1130562534.05, "trend": 15.421667, "fair_value": 13.498715, "relative_strength": -17.528343, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -19.476763, "energy": 23.299854, "activity_lines": [ 14.510667, 15.724546, 15.560191, 15.507506 ] }, { "date": "2026-07-31", "close": 12.24, "volume": 770467250, "typical_volume": 1091269810.9, "trend": 15.364333, "fair_value": 13.467872, "relative_strength": -14.473963, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -62.934945, "energy": 47.672441, "activity_lines": [ 13.182667, 15.016727, 15.270095, 15.302237 ] }, { "date": "2026-08-07", "close": 14.4, "volume": 1083141413, "typical_volume": 1092113987.8, "trend": 15.373333, "fair_value": 13.454769, "relative_strength": -2.180263, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.225413, "energy": 44.91071, "activity_lines": [ 13.207333, 14.773637, 15.21381, 15.240022 ] } ], "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." } } }