{ "ticker": { "uuid": "3ee3f297-06cf-4f1f-91b4-f4982ca4a0a0", "symbol": "300810", "name": "Beijing Zhongkehaixun Digital S&T 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": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -63.783, "architecture_energy": 63.317, "architecture_maturity": 60.252, "architecture_confidence": 94.912, "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": 11.9, "rotation_up": 23.37, "upward_expansion": 11.81, "deceleration": 57.78, "rotation_down": 56.98, "downward_expansion": 82.81 }, "activity_lines": [ 23.424667, 24.033991, 26.295028, 28.680942 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 24.49, "trend_reference": 32.197841, "distance_from_trend": -0.23939, "trend_direction": "Weakening", "fair_value": 27.335604, "distance_from_fair_value": -0.104099, "fair_value_direction": "Weakening", "relative_strength": -36.899391, "relative_strength_direction": "Weakening", "price_momentum": -0.378269, "excess_performance": -0.385668, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.23939, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.135083, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.104099, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.354783, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.368994, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.050079, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.378269, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.696813, "read": "Supply-led" } ], "volume": { "latest": 8660861, "relative_activity": 0.827995, "balance": 0.696813, "dry_up": 1.073705, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.099098, "annualized_volatility": 0.433728, "from_high_reference": -0.625936, "from_low_reference": 0.252045 }, "levels": { "trend_reference": 32.197841, "fair_value_reference": 27.335604, "structural_low": 19.559999, "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": 24, "median_return": 0.006502, "positive_rate": 0.541667, "directional_follow_through": 0.458333, "median_excess_return": -0.009194, "regime_survival": 0.75, "best_return": 0.268817, "worst_return": -0.166731, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.004717, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": 0.012737, "regime_survival": 0.555556, "best_return": 0.438314, "worst_return": -0.219527, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.086476, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.024192, "regime_survival": 0.2, "best_return": 0.43177, "worst_return": -0.344305, "sufficient": true }, { "horizon": 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"typical_volume": 11955825.0, "trend": 33.163508, "fair_value": 27.301461, "relative_strength": -42.73651, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.937518, "energy": 70.007855, "activity_lines": [ 23.277334, 24.475502, 27.250507, 29.826169 ] }, { "date": "2026-07-31", "close": 23.58, "volume": 11777739, "typical_volume": 11778610.85, "trend": 32.657508, "fair_value": 27.312544, "relative_strength": -36.948518, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.805148, "energy": 65.370339, "activity_lines": [ 23.152667, 24.103783, 26.699672, 29.207878 ] }, { "date": "2026-08-07", "close": 24.49, "volume": 8660861, "typical_volume": 10460044.45, "trend": 32.197841, "fair_value": 27.335604, "relative_strength": -36.899391, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.782698, "energy": 63.317218, "activity_lines": [ 23.424667, 24.033991, 26.295028, 28.680942 ] } ], "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." } } }