{
  "ticker": {
    "uuid": "34d751f6-f733-4c86-a1b7-0d7f23fdda58",
    "symbol": "600337",
    "name": "Markor International Home Furnishings 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 72.655,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "mixed",
    "architecture_direction": -20.553,
    "architecture_energy": 27.005,
    "architecture_maturity": 55.432,
    "architecture_confidence": 58.734,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 40.93,
        "rotation_up": 23.51,
        "upward_expansion": 24.16,
        "deceleration": 49.1,
        "rotation_down": 55.79,
        "downward_expansion": 42.16
      },
      "activity_lines": [
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        2.948344
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 2.63,
    "trend_reference": 2.916,
    "distance_from_trend": -0.09808,
    "trend_direction": "Improving",
    "fair_value": 2.351926,
    "distance_from_fair_value": 0.118233,
    "fair_value_direction": "Weakening",
    "relative_strength": -1.602514,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.023346,
    "excess_performance": 0.06655,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.09808,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.042794,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.118233,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.041807,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.016025,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.034374,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.023346,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.274451,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 84508894,
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      "balance": 1.274451,
      "dry_up": 0.658985,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.142439,
      "annualized_volatility": 0.698048,
      "from_high_reference": -0.384075,
      "from_low_reference": 0.348718
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    "levels": {
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      "fair_value_reference": 2.351926,
      "structural_low": 2.3,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 16,
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        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 220289801.1,
        "trend": 2.940667,
        "fair_value": 2.358135,
        "relative_strength": 14.919856,
        "stage": 2,
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      },
      {
        "date": "2026-07-31",
        "close": 2.47,
        "volume": 131733079,
        "typical_volume": 214279717.05,
        "trend": 2.925667,
        "fair_value": 2.354676,
        "relative_strength": -4.704231,
        "stage": 4,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": -5.388791,
        "energy": 8.289698,
        "activity_lines": [
          2.932667,
          3.017636,
          3.029286,
          2.967419
        ]
      },
      {
        "date": "2026-08-07",
        "close": 2.63,
        "volume": 84508894,
        "typical_volume": 195113820.9,
        "trend": 2.916,
        "fair_value": 2.351926,
        "relative_strength": -1.602514,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "mixed",
        "direction": -20.553053,
        "energy": 27.005079,
        "activity_lines": [
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          2.939636,
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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."
    }
  }
}