{
  "ticker": {
    "uuid": "3622bd94-930d-4c14-8525-22e956fc70f7",
    "symbol": "002327",
    "name": "Shenzhen Fuanna Bedding and Furnishing 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": 4,
    "stage_name": "Declining",
    "phase": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 88.982,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -35.556,
    "architecture_energy": 17.186,
    "architecture_maturity": 42.891,
    "architecture_confidence": 81.083,
    "architecture_tenure": "Developing",
    "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": 42.4,
        "rotation_up": 24.34,
        "upward_expansion": 13.17,
        "deceleration": 45.23,
        "rotation_down": 29.76,
        "downward_expansion": 60.84
      },
      "activity_lines": [
        6.446667,
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        6.616559
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.333333
    },
    "latest_close": 6.51,
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    "distance_from_trend": -0.031408,
    "trend_direction": "Weakening",
    "fair_value": 7.701735,
    "distance_from_fair_value": -0.154736,
    "fair_value_direction": "Weakening",
    "relative_strength": -9.097297,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.06196,
    "excess_performance": -0.069359,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.031408,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.029697,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.154736,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.055378,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.090973,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.122865,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.06196,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.684504,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 20158938,
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      "balance": 0.684504,
      "dry_up": 0.905633,
      "accumulation_observations": 1,
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    "risk": {
      "range_context": 0.066987,
      "annualized_volatility": 0.270587,
      "from_high_reference": -0.130841,
      "from_low_reference": 0.077815
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    "levels": {
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      "fair_value_reference": 7.701735,
      "structural_low": 6.04,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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        "horizon": "Near term",
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        "positive_rate": 0.545455,
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        "sufficient": true
      },
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        "horizon": "Intermediate",
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        "horizon": "Full cycle",
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        "regime": "deceleration",
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      },
      {
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        "stage": 4,
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      },
      {
        "date": "2026-07-24",
        "close": 6.25,
        "volume": 27582067,
        "typical_volume": 27215764.9,
        "trend": 6.733765,
        "fair_value": 7.710603,
        "relative_strength": -10.614265,
        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -58.340996,
        "energy": 37.844821,
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      },
      {
        "date": "2026-07-31",
        "close": 6.59,
        "volume": 27131608,
        "typical_volume": 27503236.5,
        "trend": 6.727765,
        "fair_value": 7.707799,
        "relative_strength": -3.772823,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -41.270389,
        "energy": 25.799413,
        "activity_lines": [
          6.402,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 6.51,
        "volume": 20158938,
        "typical_volume": 27381550.3,
        "trend": 6.721098,
        "fair_value": 7.701735,
        "relative_strength": -9.097297,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -35.55562,
        "energy": 17.186002,
        "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."
    }
  }
}