{ "ticker": { "uuid": "4299aa0c-83d1-4413-81f9-0b1a93611bab", "symbol": "600927", "name": "Yongan Futures 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": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "down", "architecture_direction": -41.179, "architecture_energy": 27.778, "architecture_maturity": 27.762, "architecture_confidence": 65.733, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 35.57, "rotation_up": 24.74, "upward_expansion": 14.81, "deceleration": 66.06, "rotation_down": 35.43, "downward_expansion": 62.48 }, "activity_lines": [ 12.906667, 12.813508, 13.152442, 13.52241 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 13.03, "trend_reference": 14.123859, "distance_from_trend": -0.077448, "trend_direction": "Weakening", "fair_value": 14.018484, "distance_from_fair_value": -0.070513, "fair_value_direction": "Weakening", "relative_strength": -9.942497, "relative_strength_direction": "Weakening", "price_momentum": -0.178436, "excess_performance": -0.135232, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.077448, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.052665, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.070513, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.09742, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.099425, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.004555, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.178436, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.372426, "read": "Supply-led" } ], "volume": { "latest": 34204552, "relative_activity": 1.189276, "balance": 0.372426, "dry_up": 1.175843, "accumulation_observations": 2, "distribution_observations": 6 }, "risk": { "range_context": 0.068831, "annualized_volatility": 0.226349, "from_high_reference": -0.231722, "from_low_reference": 0.086226 }, "levels": { "trend_reference": 14.123859, "fair_value_reference": 14.018484, "structural_low": 11.995665, "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": 7, "median_return": -0.00066, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": -0.017009, "regime_survival": 0.571429, "best_return": 0.081703, "worst_return": -0.11119, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 2, "median_return": -0.051342, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.058552, "regime_survival": 0.0, "best_return": -0.016439, "worst_return": -0.086244, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.039432, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.073789, "regime_survival": 0.0, "best_return": -0.038237, "worst_return": -0.040627, "sufficient": false }, { "horizon": "Full 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"Balance", "color": "blue", "start": "2025-02-28", "end": "2025-04-18", "tenure": "Developing", "return": -0.016693, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-25", "end": "2025-05-30", "tenure": "Developing", "return": 0.038494, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-04", "tenure": "Developing", "return": 0.060238, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-07-11", "end": "2025-08-29", "tenure": "Developing", "return": -0.104811, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-05", "end": "2025-11-28", "tenure": "Established", "return": -0.05409, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-12-05", "end": "2026-01-09", "tenure": "Developing", "return": 0.077905, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-01-16", "end": "2026-02-06", "tenure": "New", "return": -0.033672, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-02-13", "end": "2026-04-03", "tenure": "Developing", "return": -0.126384, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-04-10", "end": "2026-07-31", "tenure": "Established", "return": -0.059574, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-08-07", "end": "2026-08-07", "tenure": "New", "return": 0.0, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 18.005743, "volume": 50322017, "typical_volume": 19202058.8, "trend": 16.651444, "fair_value": 18.957869, "relative_strength": 3.871304, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", 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13.913599 ] }, { "date": "2026-07-17", "close": 12.58, "volume": 32965420, "typical_volume": 30845938.4, "trend": 14.384859, "fair_value": 14.079323, "relative_strength": -10.507701, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.045943, "energy": 47.190661, "activity_lines": [ 12.732673, 12.832589, 13.352239, 13.79206 ] }, { "date": "2026-07-24", "close": 12.44, "volume": 34467491, "typical_volume": 30433893.4, "trend": 14.299526, "fair_value": 14.057202, "relative_strength": -12.083217, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.9346, "energy": 46.020814, "activity_lines": [ 12.642667, 12.709578, 13.229545, 13.666585 ] }, { "date": "2026-07-31", "close": 13.26, "volume": 33635384, "typical_volume": 29198400.55, "trend": 14.225193, "fair_value": 14.038329, "relative_strength": -6.247898, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.093125, "energy": 32.65482, "activity_lines": [ 12.835333, 12.774585, 13.19885, 13.599519 ] }, { "date": "2026-08-07", "close": 13.03, "volume": 34204552, "typical_volume": 28760823.5, "trend": 14.123859, "fair_value": 14.018484, "relative_strength": -9.942497, "stage": 4, "regime": "deceleration", "modifier": "Recompressing", "gate": "down", "direction": -41.179383, "energy": 27.77846, "activity_lines": [ 12.906667, 12.813508, 13.152442, 13.52241 ] } ], "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." } } }