{
  "ticker": {
    "uuid": "33d1a00e-b86a-49fb-af37-328e929b8498",
    "symbol": "688526",
    "name": "Wuhan Keqian Biology 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": 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": -40.105,
    "architecture_energy": 28.208,
    "architecture_maturity": 90.5,
    "architecture_confidence": 82.37,
    "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": 38.36,
        "rotation_up": 26.61,
        "upward_expansion": 15.79,
        "deceleration": 46.76,
        "rotation_down": 29.96,
        "downward_expansion": 61.13
      },
      "activity_lines": [
        12.814667,
        12.708182,
        12.96363,
        13.390028
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 12.95,
    "trend_reference": 14.017974,
    "distance_from_trend": -0.076186,
    "trend_direction": "Weakening",
    "fair_value": 15.000065,
    "distance_from_fair_value": -0.13667,
    "fair_value_direction": "Weakening",
    "relative_strength": -12.514942,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.179573,
    "excess_performance": -0.136369,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.076186,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.054487,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.13667,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.040302,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.125149,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.04266,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.179573,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.170202,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 7169596,
      "relative_activity": 1.030424,
      "balance": 0.170202,
      "dry_up": 1.105375,
      "accumulation_observations": 0,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.054264,
      "annualized_volatility": 0.239778,
      "from_high_reference": -0.334887,
      "from_low_reference": 0.095601
    },
    "levels": {
      "trend_reference": 14.017974,
      "fair_value_reference": 15.000065,
      "structural_low": 11.82,
      "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": 26,
        "median_return": 0.000959,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.013464,
        "regime_survival": 0.807692,
        "best_return": 0.253317,
        "worst_return": -0.251528,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": -0.065158,
        "positive_rate": 0.3,
        "directional_follow_through": 0.7,
        "median_excess_return": -0.067993,
        "regime_survival": 0.6,
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        "worst_return": -0.139989,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.097075,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
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        "regime_survival": 0.666667,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.666667,
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        "worst_return": -0.328369,
        "sufficient": false
      }
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        "regime": "balance",
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      {
        "regime": "upward_expansion",
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      {
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      {
        "regime": "deceleration",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 13.03,
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        "typical_volume": 7084006.45,
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        "fair_value": 15.053046,
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        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "direction": -43.358487,
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        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 12.95,
        "volume": 7169596,
        "typical_volume": 6957905.55,
        "trend": 14.017974,
        "fair_value": 15.000065,
        "relative_strength": -12.514942,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
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        "direction": -40.104932,
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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."
    }
  }
}