{ "ticker": { "uuid": "34178573-b939-4f5f-8a1e-a08e4720abf1", "symbol": "688606", "name": "Hangzhou Alltest Biotech 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": -49.142, "architecture_energy": 44.028, "architecture_maturity": 100.0, "architecture_confidence": 93.916, "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": 18.94, "rotation_up": 27.68, "upward_expansion": 19.86, "deceleration": 46.99, "rotation_down": 41.1, "downward_expansion": 69.86 }, "activity_lines": [ 44.563333, 44.163455, 46.65573, 50.320174 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 46.389999, "trend_reference": 55.264701, "distance_from_trend": -0.160585, "trend_direction": "Weakening", "fair_value": 58.845948, "distance_from_fair_value": -0.21167, "fair_value_direction": "Weakening", "relative_strength": -22.217308, "relative_strength_direction": "Weakening", "price_momentum": -0.317264, "excess_performance": -0.27406, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.160585, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.10654, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.21167, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.150815, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.222173, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.009157, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.317264, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.586017, "read": "Supply-led" } ], "volume": { "latest": 2189797, "relative_activity": 1.157266, "balance": 0.586017, "dry_up": 1.33297, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.07734, "annualized_volatility": 0.342743, "from_high_reference": -0.384982, "from_low_reference": 0.143456 }, "levels": { "trend_reference": 55.264701, "fair_value_reference": 58.845948, "structural_low": 40.57, "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": 23, "median_return": 0.014575, "positive_rate": 0.565217, "directional_follow_through": 0.434783, "median_excess_return": 0.009595, "regime_survival": 0.782609, "best_return": 0.305196, "worst_return": -0.120242, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.05181, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.030723, "regime_survival": 0.444444, "best_return": 0.497674, "worst_return": -0.299263, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.065632, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.088448, "regime_survival": 0.4, "best_return": 0.427585, "worst_return": -0.303677, "sufficient": true }, { "horizon": 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"relative_strength": -28.784893, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.204395, "energy": 66.049906, "activity_lines": [ 42.972001, 43.911646, 47.754713, 51.68658 ] }, { "date": "2026-07-31", "close": 44.639999, "volume": 1791340, "typical_volume": 1845112.0, "trend": 55.803152, "fair_value": 58.837601, "relative_strength": -23.82185, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.113705, "energy": 57.681119, "activity_lines": [ 43.597334, 43.841091, 47.073923, 50.927474 ] }, { "date": "2026-08-07", "close": 46.389999, "volume": 2189797, "typical_volume": 1892216.55, "trend": 55.264701, "fair_value": 58.845948, "relative_strength": -22.217308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.142268, "energy": 44.028319, "activity_lines": [ 44.563333, 44.163455, 46.65573, 50.320174 ] } ], "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." } } }