{ "ticker": { "uuid": "426c0974-cc30-4f65-bdc1-a3d9ab5c4e17", "symbol": "688236", "name": "Beijing Chunlizhengda Medical Instruments 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": -60.944, "architecture_energy": 53.414, "architecture_maturity": 90.055, "architecture_confidence": 91.09, "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": 15.19, "rotation_up": 27.7, "upward_expansion": 9.04, "deceleration": 59.85, "rotation_down": 48.54, "downward_expansion": 80.04 }, "activity_lines": [ 14.415333, 14.547868, 15.436198, 16.660581 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 15.12, "trend_reference": 18.681362, "distance_from_trend": -0.190637, "trend_direction": "Weakening", "fair_value": 18.502039, "distance_from_fair_value": -0.182793, "fair_value_direction": "Weakening", "relative_strength": -27.626912, "relative_strength_direction": "Weakening", "price_momentum": -0.356596, "excess_performance": -0.313392, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.190637, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.154073, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.182793, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.080665, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.276269, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.026554, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.356596, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.386161, "read": "Supply-led" } ], "volume": { "latest": 10223941, "relative_activity": 1.106028, "balance": 0.386161, "dry_up": 1.469236, "accumulation_observations": 2, "distribution_observations": 6 }, "risk": { "range_context": 0.089633, "annualized_volatility": 0.407649, "from_high_reference": -0.486077, "from_low_reference": 0.153318 }, "levels": { "trend_reference": 18.681362, "fair_value_reference": 18.502039, "structural_low": 13.11, "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": -0.023211, "positive_rate": 0.411765, "directional_follow_through": 0.588235, "median_excess_return": -0.034734, "regime_survival": 0.823529, "best_return": 0.256266, "worst_return": -0.24459, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.124514, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.144267, "regime_survival": 0.4, "best_return": 0.382398, "worst_return": -0.295896, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": -0.316847, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.150245, "regime_survival": 0.333333, "best_return": 0.097457, "worst_return": -0.393307, "sufficient": false }, { "horizon": 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"stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.445163, "energy": 61.366568, "activity_lines": [ 14.778625, 15.012837, 16.253924, 17.639762 ] }, { "date": "2026-07-24", "close": 13.24, "volume": 14578429, "typical_volume": 9120714.2, "trend": 19.241984, "fair_value": 18.60851, "relative_strength": -35.59308, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.132065, "energy": 63.752684, "activity_lines": [ 14.267594, 14.623114, 15.856587, 17.22804 ] }, { "date": "2026-07-31", "close": 14.26, "volume": 9982368, "typical_volume": 9209460.3, "trend": 18.933623, "fair_value": 18.552367, "relative_strength": -30.350286, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.904329, "energy": 59.676866, "activity_lines": [ 14.214667, 14.486704, 15.591678, 16.906621 ] }, { "date": "2026-08-07", "close": 15.12, "volume": 10223941, "typical_volume": 9243839.15, "trend": 18.681362, "fair_value": 18.502039, "relative_strength": -27.626912, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.944144, "energy": 53.414369, "activity_lines": [ 14.415333, 14.547868, 15.436198, 16.660581 ] } ], "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." } } }