{
  "ticker": {
    "uuid": "412bc9da-8236-4645-9120-6a65c8be2ea0",
    "symbol": "601528",
    "name": "Zhejiang Shaoxing RuiFeng Rural Commercial Bank 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": -20.305,
    "architecture_energy": 23.97,
    "architecture_maturity": 90.622,
    "architecture_confidence": 73.749,
    "architecture_tenure": "Established",
    "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": 43.5,
        "rotation_up": 43.2,
        "upward_expansion": 22.26,
        "deceleration": 41.33,
        "rotation_down": 22.37,
        "downward_expansion": 56.26
      },
      "activity_lines": [
        4.877333,
        4.773636,
        4.792798,
        4.876247
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 4.89,
    "trend_reference": 4.991193,
    "distance_from_trend": -0.020274,
    "trend_direction": "Weakening",
    "fair_value": 4.925347,
    "distance_from_fair_value": -0.007176,
    "fair_value_direction": "Weakening",
    "relative_strength": -4.080913,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.065293,
    "excess_performance": -0.022089,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.020274,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.038728,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.007176,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.02581,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.040809,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.100325,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.065293,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.665571,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 119422399,
      "relative_activity": 1.70009,
      "balance": 0.665571,
      "dry_up": 1.679772,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.044518,
      "annualized_volatility": 0.189569,
      "from_high_reference": -0.135118,
      "from_low_reference": 0.091518
    },
    "levels": {
      "trend_reference": 4.991193,
      "fair_value_reference": 4.925347,
      "structural_low": 4.48,
      "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": 12,
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        "positive_rate": 0.583333,
        "directional_follow_through": 0.416667,
        "median_excess_return": 0.037675,
        "regime_survival": 0.5,
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        "worst_return": -0.055901,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
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        "positive_rate": 0.833333,
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        "regime_survival": 0.166667,
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        "worst_return": -0.045559,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.061843,
        "positive_rate": 0.8,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.03309,
        "regime_survival": 0.4,
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        "worst_return": -0.034768,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "sufficient": false
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    ],
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      },
      {
        "regime": "downward_expansion",
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      },
      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
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      {
        "regime": "rotation_up",
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      },
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        "regime": "upward_expansion",
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      {
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 68914868.85,
        "trend": 5.010579,
        "fair_value": 4.923642,
        "relative_strength": 1.827479,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -11.23574,
        "energy": 17.415568,
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      },
      {
        "date": "2026-08-07",
        "close": 4.89,
        "volume": 119422399,
        "typical_volume": 70244738.55,
        "trend": 4.991193,
        "fair_value": 4.925347,
        "relative_strength": -4.080913,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -20.304839,
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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."
    }
  }
}