{
  "ticker": {
    "uuid": "40bba046-2c82-4f39-8f0e-a45af4851a28",
    "symbol": "688685",
    "name": "Jiangsu Maixinlin Aviation Science and Technology Corp.",
    "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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -48.011,
    "architecture_energy": 38.746,
    "architecture_maturity": 27.56,
    "architecture_confidence": 82.796,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 44.34,
        "rotation_up": 15.52,
        "upward_expansion": 9.28,
        "deceleration": 40.15,
        "rotation_down": 57.52,
        "downward_expansion": 73.28
      },
      "activity_lines": [
        42.001999,
        44.265257,
        45.683891,
        46.128485
      ],
      "activity_state": "Compressed",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 43.0,
    "trend_reference": 47.487462,
    "distance_from_trend": -0.094498,
    "trend_direction": "Weakening",
    "fair_value": 39.735001,
    "distance_from_fair_value": 0.082169,
    "fair_value_direction": "Weakening",
    "relative_strength": -16.506472,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.186223,
    "excess_performance": -0.143019,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.094498,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.069181,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.082169,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.262711,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.165065,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.003077,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.186223,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.686213,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 31332951,
      "relative_activity": 1.477987,
      "balance": 0.686213,
      "dry_up": 1.542592,
      "accumulation_observations": 2,
      "distribution_observations": 6
    },
    "risk": {
      "range_context": 0.207033,
      "annualized_volatility": 0.892505,
      "from_high_reference": -0.376812,
      "from_low_reference": 0.477663
    },
    "levels": {
      "trend_reference": 47.487462,
      "fair_value_reference": 39.735001,
      "structural_low": 29.1,
      "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": 17,
        "median_return": -0.008854,
        "positive_rate": 0.470588,
        "directional_follow_through": 0.470588,
        "median_excess_return": -0.008506,
        "regime_survival": 0.705882,
        "best_return": 0.289667,
        "worst_return": -0.190484,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.02069,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.428571,
        "median_excess_return": 0.010496,
        "regime_survival": 0.428571,
        "best_return": 0.490745,
        "worst_return": -0.180913,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.135475,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.064987,
        "regime_survival": 0.5,
        "best_return": 0.622959,
        "worst_return": -0.133907,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.771998,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.768774,
        "regime_survival": 0.0,
        "best_return": 1.085043,
        "worst_return": 0.458954,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-07-05",
        "end": "2024-08-02",
        "tenure": "Developing",
        "return": 0.085517,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-08-09",
        "end": "2024-09-20",
        "tenure": "Developing",
        "return": 0.214008,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-09-27",
        "end": "2024-10-25",
        "tenure": "Developing",
        "return": 0.081341,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-01",
        "end": "2024-12-13",
        "tenure": "Developing",
        "return": -0.007679,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-20",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": 0.382601,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-14",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.123986,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-04-11",
        "end": "2025-04-25",
        "tenure": "New",
        "return": 0.118455,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-05-02",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": -0.074348,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-06-06",
        "end": "2025-08-01",
        "tenure": "Developing",
        "return": -0.034972,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-08",
        "end": "2025-12-05",
        "tenure": "Established",
        "return": -0.121973,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2026-01-09",
        "tenure": "Developing",
        "return": 0.123717,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-16",
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        "tenure": "New",
        "return": -0.084416,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-13",
        "end": "2026-05-29",
        "tenure": "Established",
        "return": 0.003726,
        "active": false
      },
      {
        "regime": "balance",
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        "return": -0.034714,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-07-28",
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        "date": "2026-04-17",
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-04-24",
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      },
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-15",
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 18240767.9,
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": -19.894305,
        "stage": 4,
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "energy": 19.110501,
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 39.093836,
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      },
      {
        "date": "2026-07-17",
        "close": 38.43,
        "volume": 24516777,
        "typical_volume": 18572063.0,
        "trend": 48.673796,
        "fair_value": 39.236442,
        "relative_strength": -23.421528,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.409779,
        "energy": 24.32019,
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          47.206012,
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          47.046518,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 34.259998,
        "volume": 30188990,
        "typical_volume": 18695656.15,
        "trend": 48.084795,
        "fair_value": 39.3557,
        "relative_strength": -31.978138,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -68.846915,
        "energy": 45.919202,
        "activity_lines": [
          42.635333,
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          45.866547,
          46.533534
        ]
      },
      {
        "date": "2026-07-31",
        "close": 46.709999,
        "volume": 44771564,
        "typical_volume": 20217389.1,
        "trend": 47.903462,
        "fair_value": 39.55604,
        "relative_strength": -7.324557,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -45.166797,
        "energy": 35.89839,
        "activity_lines": [
          42.695332,
          44.649652,
          45.950862,
          46.444838
        ]
      },
      {
        "date": "2026-08-07",
        "close": 43.0,
        "volume": 31332951,
        "typical_volume": 21199754.1,
        "trend": 47.487462,
        "fair_value": 39.735001,
        "relative_strength": -16.506472,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -48.011391,
        "energy": 38.745617,
        "activity_lines": [
          42.001999,
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      }
    ],
    "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."
    }
  }
}