{
  "ticker": {
    "uuid": "339f50c7-43d9-4375-a7a6-7d7b1f7cd3b3",
    "symbol": "002971",
    "name": "Hubei Heyuan Gas 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": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 16.612,
    "architecture_energy": 28.22,
    "architecture_maturity": 73.151,
    "architecture_confidence": 92.729,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 43.66,
        "rotation_up": 18.73,
        "upward_expansion": 50.3,
        "deceleration": 91.16,
        "rotation_down": 49.23,
        "downward_expansion": 29.97
      },
      "activity_lines": [
        40.644001,
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        45.910619,
        42.523785
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 45.380001,
    "trend_reference": 38.559367,
    "distance_from_trend": 0.176887,
    "trend_direction": "Improving",
    "fair_value": 24.985434,
    "distance_from_fair_value": 0.816258,
    "fair_value_direction": "Improving",
    "relative_strength": 23.13775,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.45309,
    "excess_performance": 0.44569,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.176887,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.190992,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.816258,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.438858,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.231378,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.368421,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.45309,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.978403,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 74610528,
      "relative_activity": 1.213739,
      "balance": 0.978403,
      "dry_up": 1.398148,
      "accumulation_observations": 4,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.25932,
      "annualized_volatility": 1.107182,
      "from_high_reference": -0.424696,
      "from_low_reference": 0.798652
    },
    "levels": {
      "trend_reference": 38.559367,
      "fair_value_reference": 24.985434,
      "structural_low": 27.200001,
      "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": 12,
        "median_return": 0.023848,
        "positive_rate": 0.583333,
        "directional_follow_through": 0.583333,
        "median_excess_return": -0.008614,
        "regime_survival": 0.583333,
        "best_return": 0.096828,
        "worst_return": -0.154318,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.002394,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.022037,
        "regime_survival": 0.166667,
        "best_return": 0.112931,
        "worst_return": -0.109807,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.037427,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.045886,
        "regime_survival": 0.0,
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        "worst_return": -0.118674,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.285263,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.333365,
        "regime_survival": 0.333333,
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        "worst_return": -0.0775,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-03-14",
        "tenure": "Developing",
        "return": 0.018458,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-04-18",
        "tenure": "Developing",
        "return": -0.075053,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2025-05-02",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "color": "green",
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        "end": "2025-11-21",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "active": false
      },
      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
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        "active": false
      },
      {
        "regime": "balance",
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      {
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      {
        "regime": "upward_expansion",
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        "active": true
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      },
      {
        "date": "2026-07-03",
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      },
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        "date": "2026-07-10",
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        "modifier": "Early expansion",
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      },
      {
        "date": "2026-07-17",
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        "volume": 86246770,
        "typical_volume": 52347991.0,
        "trend": 37.687033,
        "fair_value": 24.620492,
        "relative_strength": 20.196518,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 59.450172,
        "energy": 49.322007,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 37.43,
        "volume": 90687770,
        "typical_volume": 55447352.65,
        "trend": 37.933033,
        "fair_value": 24.735302,
        "relative_strength": 6.192146,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 25.954111,
        "energy": 17.825084,
        "activity_lines": [
          48.31973,
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      },
      {
        "date": "2026-07-31",
        "close": 33.240002,
        "volume": 92240930,
        "typical_volume": 58807899.35,
        "trend": 38.0427,
        "fair_value": 24.819322,
        "relative_strength": -4.367213,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 3.332752,
        "energy": 24.437925,
        "activity_lines": [
          41.364667,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 45.380001,
        "volume": 74610528,
        "typical_volume": 61471658.7,
        "trend": 38.559367,
        "fair_value": 24.985434,
        "relative_strength": 23.13775,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.612137,
        "energy": 28.21973,
        "activity_lines": [
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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."
    }
  }
}