{ "ticker": { "uuid": "377028b1-c2bd-4d71-be1d-e242417bce2b", "symbol": "600037", "name": "Beijing Gehua Catv Network 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": -37.054, "architecture_energy": 24.224, "architecture_maturity": 77.494, "architecture_confidence": 75.594, "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": 34.43, "rotation_up": 29.68, "upward_expansion": 20.12, "deceleration": 46.95, "rotation_down": 26.72, "downward_expansion": 58.79 }, "activity_lines": [ 6.828, 6.672012, 6.896361, 7.101263 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 6.96, "trend_reference": 7.374271, "distance_from_trend": -0.056178, "trend_direction": "Weakening", "fair_value": 7.363364, "distance_from_fair_value": -0.05478, "fair_value_direction": "Weakening", "relative_strength": -8.681075, "relative_strength_direction": "Weakening", "price_momentum": -0.149144, "excess_performance": -0.10594, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.056178, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.041714, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.05478, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.136859, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.086811, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.029129, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.149144, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.666269, "read": "Supply-led" } ], "volume": { "latest": 90725595, "relative_activity": 1.267192, "balance": 0.666269, "dry_up": 1.459771, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.065642, "annualized_volatility": 0.273383, "from_high_reference": -0.28907, "from_low_reference": 0.140984 }, "levels": { "trend_reference": 7.374271, "fair_value_reference": 7.363364, "structural_low": 6.1, "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": 27, "median_return": 0.0, "positive_rate": 0.481481, "directional_follow_through": 0.481481, "median_excess_return": -0.002733, "regime_survival": 0.777778, "best_return": 0.130288, "worst_return": -0.090382, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.009505, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.010486, "regime_survival": 0.5, "best_return": 0.270097, "worst_return": -0.137717, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": 0.011587, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.055875, "regime_survival": 0.428571, "best_return": 0.305, "worst_return": -0.184272, "sufficient": true }, { "horizon": "Full 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"Early contraction", "gate": "down", "direction": -65.040158, "energy": 65.015474, "activity_lines": [ 6.452, 6.591034, 6.986525, 7.204391 ] }, { "date": "2026-07-24", "close": 6.57, "volume": 100862782, "typical_volume": 71837995.4, "trend": 7.393605, "fair_value": 7.379239, "relative_strength": -12.047627, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.416981, "energy": 49.904703, "activity_lines": [ 6.494, 6.54683, 6.923534, 7.149599 ] }, { "date": "2026-07-31", "close": 7.07, "volume": 92621339, "typical_volume": 71796849.3, "trend": 7.385605, "fair_value": 7.371018, "relative_strength": -5.26699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.81148, "energy": 31.826588, "activity_lines": [ 6.705333, 6.615207, 6.913353, 7.128721 ] }, { "date": "2026-08-07", "close": 6.96, "volume": 90725595, "typical_volume": 71595781.3, "trend": 7.374271, "fair_value": 7.363364, "relative_strength": -8.681075, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.053922, "energy": 24.223537, "activity_lines": [ 6.828, 6.672012, 6.896361, 7.101263 ] } ], "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." } } }