{ "ticker": { "uuid": "4105f83f-c682-4737-b80a-39f56fecf289", "symbol": "603496", "name": "EmbedWay Technologies (Shanghai) Corporation", "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": -37.067, "architecture_energy": 20.204, "architecture_maturity": 50.534, "architecture_confidence": 74.978, "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": 41.46, "rotation_up": 24.41, "upward_expansion": 18.12, "deceleration": 45.41, "rotation_down": 31.45, "downward_expansion": 56.78 }, "activity_lines": [ 24.978667, 24.602826, 25.580028, 26.598481 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 25.42, "trend_reference": 27.966092, "distance_from_trend": -0.091042, "trend_direction": "Weakening", "fair_value": 26.957726, "distance_from_fair_value": -0.057042, "fair_value_direction": "Weakening", "relative_strength": -10.123095, "relative_strength_direction": "Weakening", "price_momentum": -0.124052, "excess_performance": -0.080849, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.091042, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.037863, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.057042, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.260058, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.101231, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.104758, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.124052, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.742285, "read": "Supply-led" } ], "volume": { "latest": 97658811, "relative_activity": 1.195789, "balance": 0.742285, "dry_up": 1.465662, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.137371, "annualized_volatility": 0.645107, "from_high_reference": -0.356619, "from_low_reference": 0.183849 }, "levels": { "trend_reference": 27.966092, "fair_value_reference": 26.957726, "structural_low": 21.472335, "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": 14, "median_return": -0.007625, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.001626, "regime_survival": 0.714286, "best_return": 0.28258, "worst_return": -0.144199, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.06245, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.035384, "regime_survival": 0.333333, "best_return": 0.33873, "worst_return": -0.237228, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.048829, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": -0.089354, "regime_survival": 0.0, "best_return": 0.096011, "worst_return": -0.189405, "sufficient": 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"energy": 34.811965, "activity_lines": [ 24.392667, 24.318808, 26.178972, 27.185961 ] }, { "date": "2026-07-24", "close": 26.26, "volume": 153783634, "typical_volume": 80612097.05, "trend": 28.138092, "fair_value": 26.896886, "relative_strength": -4.997311, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.172916, "energy": 24.773119, "activity_lines": [ 24.980667, 24.544355, 26.069864, 27.064686 ] }, { "date": "2026-07-31", "close": 23.52, "volume": 110446960, "typical_volume": 80872114.35, "trend": 28.028092, "fair_value": 26.916332, "relative_strength": -14.814844, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.234498, "energy": 24.633799, "activity_lines": [ 24.687333, 24.343087, 25.72047, 26.766745 ] }, { "date": "2026-08-07", "close": 25.42, "volume": 97658811, "typical_volume": 81668942.1, "trend": 27.966092, "fair_value": 26.957726, "relative_strength": -10.123095, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.066951, "energy": 20.204056, "activity_lines": [ 24.978667, 24.602826, 25.580028, 26.598481 ] } ], "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." } } }