{ "ticker": { "uuid": "4095735a-d20a-4e74-ada7-76424d40c76f", "symbol": "601908", "name": "Beijing Jingyuntong Technology 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -63.088, "architecture_energy": 56.304, "architecture_maturity": 55.449, "architecture_confidence": 91.313, "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": 8.74, "rotation_up": 27.63, "upward_expansion": 10.13, "deceleration": 57.68, "rotation_down": 52.05, "downward_expansion": 83.47 }, "activity_lines": [ 3.032667, 3.042, 3.341048, 3.560043 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 3.12, "trend_reference": 3.780667, "distance_from_trend": -0.174749, "trend_direction": "Weakening", "fair_value": 3.591997, "distance_from_fair_value": -0.131402, "fair_value_direction": "Weakening", "relative_strength": -19.241419, "relative_strength_direction": "Weakening", "price_momentum": -0.1875, "excess_performance": -0.144296, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.174749, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.072457, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.131402, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.198304, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.192414, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.140669, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.1875, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.286404, "read": "Demand-led" } ], "volume": { "latest": 203463591, "relative_activity": 0.477077, "balance": 1.286404, "dry_up": 0.467356, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.090976, "annualized_volatility": 0.431375, "from_high_reference": -0.416822, "from_low_reference": 0.114286 }, "levels": { "trend_reference": 3.780667, "fair_value_reference": 3.591997, "structural_low": 2.8, "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": 32, "median_return": -0.031104, "positive_rate": 0.375, "directional_follow_through": 0.59375, "median_excess_return": -0.010366, "regime_survival": 0.90625, "best_return": 0.414389, "worst_return": -0.201065, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.089362, "positive_rate": 0.363636, "directional_follow_through": 0.636364, "median_excess_return": -0.089563, "regime_survival": 0.727273, "best_return": 0.701613, "worst_return": -0.3382, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.029958, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.012882, "regime_survival": 0.5, "best_return": 0.693548, "worst_return": -0.415705, "sufficient": true }, { "horizon": "Full 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3.545714, 3.714839 ] }, { "date": "2026-07-24", "close": 2.93, "volume": 223747635, "typical_volume": 455932281.2, "trend": 3.841, "fair_value": 3.625124, "relative_strength": -22.482746, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.755296, "energy": 85.176827, "activity_lines": [ 2.946, 3.083273, 3.461381, 3.653462 ] }, { "date": "2026-07-31", "close": 3.08, "volume": 176970701, "typical_volume": 442500214.8, "trend": 3.807, "fair_value": 3.606488, "relative_strength": -18.439558, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.960181, "energy": 67.438217, "activity_lines": [ 2.987333, 3.052182, 3.396714, 3.604366 ] }, { "date": "2026-08-07", "close": 3.12, "volume": 203463591, "typical_volume": 426479942.2, "trend": 3.780667, "fair_value": 3.591997, "relative_strength": -19.241419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.087502, "energy": 56.303655, "activity_lines": [ 3.032667, 3.042, 3.341048, 3.560043 ] } ], "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." } } }