{ "ticker": { "uuid": "3837c34d-cf94-473d-8a6b-69d198cebf91", "symbol": "688651", "name": "WebRAY Tech(Beijing) 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": -63.226, "architecture_energy": 55.388, "architecture_maturity": 43.187, "architecture_confidence": 83.59, "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": 8.92, "rotation_up": 16.51, "upward_expansion": 8.35, "deceleration": 52.71, "rotation_down": 64.81, "downward_expansion": 81.68 }, "activity_lines": [ 21.554667, 22.319588, 24.411223, 26.245818 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 22.99, "trend_reference": 29.320784, "distance_from_trend": -0.215915, "trend_direction": "Weakening", "fair_value": 28.075204, "distance_from_fair_value": -0.181128, "fair_value_direction": "Weakening", "relative_strength": -20.378544, "relative_strength_direction": "Weakening", "price_momentum": -0.34548, "excess_performance": -0.302277, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.215915, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.075211, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.181128, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.268002, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.203785, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.170687, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.34548, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.837211, "read": "Supply-led" } ], "volume": { "latest": 9285096, "relative_activity": 1.07638, "balance": 0.837211, "dry_up": 0.938688, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.13327, "annualized_volatility": 0.508627, "from_high_reference": -0.482259, "from_low_reference": 0.252179 }, "levels": { "trend_reference": 29.320784, "fair_value_reference": 28.075204, "structural_low": 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-30.956326, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.583504, "energy": 72.70019, "activity_lines": [ 21.430981, 22.936471, 25.246323, 27.23536 ] }, { "date": "2026-07-31", "close": 21.34, "volume": 7363537, "typical_volume": 8640657.6, "trend": 29.633372, "fair_value": 28.108012, "relative_strength": -24.401711, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.663859, "energy": 60.869203, "activity_lines": [ 21.154647, 22.388674, 24.72321, 26.674422 ] }, { "date": "2026-08-07", "close": 22.99, "volume": 9285096, "typical_volume": 8626225.85, "trend": 29.320784, "fair_value": 28.075204, "relative_strength": -20.378544, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.226019, "energy": 55.388004, "activity_lines": [ 21.554667, 22.319588, 24.411223, 26.245818 ] } ], "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." } } }