{ "ticker": { "uuid": "442669f4-cdd4-4f96-9eb4-9b45d2b07280", "symbol": "688163", "name": "Shanghai Serum Bio-Technology 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 89.396, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "mixed", "architecture_direction": -18.261, "architecture_energy": 33.096, "architecture_maturity": 50.304, "architecture_confidence": 45.652, "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": 41.18, "rotation_up": 16.73, "upward_expansion": 19.0, "deceleration": 69.01, "rotation_down": 63.46, "downward_expansion": 41.67 }, "activity_lines": [ 31.458667, 35.853273, 37.091064, 35.194082 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 32.68, "trend_reference": 32.267371, "distance_from_trend": 0.012788, "trend_direction": "Improving", "fair_value": 20.788082, "distance_from_fair_value": 0.572055, "fair_value_direction": "Weakening", "relative_strength": 15.719182, "relative_strength_direction": "Weakening", "price_momentum": 0.3239, "excess_performance": 0.367104, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.012788, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.192974, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.572055, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.323246, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.157192, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.251867, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.3239, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.293796, "read": "Demand-led" } ], "volume": { "latest": 7033126, "relative_activity": 0.644551, "balance": 1.293796, "dry_up": 0.833691, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.201456, "annualized_volatility": 0.710773, "from_high_reference": -0.380826, "from_low_reference": 0.55246 }, "levels": { "trend_reference": 32.267371, "fair_value_reference": 20.788082, "structural_low": 21.725664, "invalidation": "A 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"upward_expansion", "modifier": "Established expansion", "gate": "up", "direction": 31.35649, "energy": 22.969591, "activity_lines": [ 39.931334, 40.898483, 38.527238, 35.436425 ] }, { "date": "2026-07-24", "close": 29.700001, "volume": 10323316, "typical_volume": 10694947.75, "trend": 31.655819, "fair_value": 20.652976, "relative_strength": 9.288291, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 7.421761, "energy": 16.001978, "activity_lines": [ 35.745334, 38.916561, 38.007501, 35.326624 ] }, { "date": "2026-07-31", "close": 28.82, "volume": 7814261, "typical_volume": 10846770.2, "trend": 31.898586, "fair_value": 20.706228, "relative_strength": 5.347048, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -9.801279, "energy": 28.918788, "activity_lines": [ 32.468001, 36.938728, 37.377282, 35.143668 ] }, { "date": "2026-08-07", "close": 32.68, "volume": 7033126, "typical_volume": 10911673.7, "trend": 32.267371, "fair_value": 20.788082, "relative_strength": 15.719182, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -18.260986, "energy": 33.096205, "activity_lines": [ 31.458667, 35.853273, 37.091064, 35.194082 ] } ], "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." } } }