{ "ticker": { "uuid": "3996b9bd-d90d-4224-a512-66b2f194203b", "symbol": "600597", "name": "Bright Dairy & Food 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": -32.597, "architecture_energy": 25.261, "architecture_maturity": 100.0, "architecture_confidence": 77.642, "architecture_tenure": "Extended", "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": 34.64, "rotation_up": 34.57, "upward_expansion": 22.58, "deceleration": 44.17, "rotation_down": 22.67, "downward_expansion": 56.58 }, "activity_lines": [ 6.777333, 6.646, 6.784524, 6.994602 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 6.72, "trend_reference": 7.298333, "distance_from_trend": -0.079242, "trend_direction": "Weakening", "fair_value": 8.288905, "distance_from_fair_value": -0.189278, "fair_value_direction": "Weakening", "relative_strength": -13.294731, "relative_strength_direction": "Improving", "price_momentum": -0.157895, "excess_performance": -0.114691, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.079242, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.070473, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.189278, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.050674, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.132947, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.045211, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.157895, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.682941, "read": "Supply-led" } ], "volume": { "latest": 52925322, "relative_activity": 1.652359, "balance": 0.682941, "dry_up": 1.977986, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.053915, "annualized_volatility": 0.221381, "from_high_reference": -0.245791, "from_low_reference": 0.098039 }, "levels": { "trend_reference": 7.298333, "fair_value_reference": 8.288905, "structural_low": 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"activity_lines": [ 6.354667, 6.558182, 6.896714, 7.152774 ] }, { "date": "2026-07-17", "close": 6.82, "volume": 71389294, "typical_volume": 29336247.8, "trend": 7.438667, "fair_value": 8.351986, "relative_strength": -9.563697, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.347084, "energy": 64.124173, "activity_lines": [ 6.488667, 6.571091, 6.862619, 7.110237 ] }, { "date": "2026-07-24", "close": 6.55, "volume": 60569539, "typical_volume": 29762600.45, "trend": 7.379667, "fair_value": 8.329931, "relative_strength": -13.731705, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.561405, "energy": 52.15391, "activity_lines": [ 6.530667, 6.545455, 6.80819, 7.052903 ] }, { "date": "2026-07-31", "close": 7.1, "volume": 68536690, "typical_volume": 31323639.6, "trend": 7.344, "fair_value": 8.311095, "relative_strength": -6.449558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.098412, "energy": 23.598041, "activity_lines": [ 6.748667, 6.631273, 6.812476, 7.03486 ] }, { "date": "2026-08-07", "close": 6.72, "volume": 52925322, "typical_volume": 32030166.15, "trend": 7.298333, "fair_value": 8.288905, "relative_strength": -13.294731, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.59695, "energy": 25.260958, "activity_lines": [ 6.777333, 6.646, 6.784524, 6.994602 ] } ], "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." } } }