{
  "ticker": {
    "uuid": "445db116-5bf1-4945-a61f-7b77a785a92c",
    "symbol": "688653",
    "name": "Kangxi Communication Technologies (Shanghai) 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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 80.518,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -15.719,
    "architecture_energy": 33.267,
    "architecture_maturity": 18.415,
    "architecture_confidence": 47.676,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 44.68,
        "rotation_up": 22.19,
        "upward_expansion": 23.49,
        "deceleration": 60.07,
        "rotation_down": 63.81,
        "downward_expansion": 41.49
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      "activity_lines": [
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        13.994882
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 14.22,
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    "distance_from_trend": 0.016416,
    "trend_direction": "Improving",
    "fair_value": 13.423546,
    "distance_from_fair_value": 0.059333,
    "fair_value_direction": "Weakening",
    "relative_strength": 5.829623,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.015917,
    "excess_performance": 0.027287,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.016416,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.040122,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.059333,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.100446,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.058296,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.036619,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.015917,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.028454,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 91402289,
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      "balance": 1.028454,
      "dry_up": 1.849806,
      "accumulation_observations": 4,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.131938,
      "annualized_volatility": 0.706442,
      "from_high_reference": -0.187893,
      "from_low_reference": 0.395486
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      "fair_value_reference": 13.423546,
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      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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        "horizon": "Near term",
        "sample_count": 1,
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        "horizon": "Intermediate",
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      {
        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "regime": "balance",
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        "active": false
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        "regime": "rotation_down",
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        "regime": "deceleration",
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      {
        "regime": "balance",
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        "stage": 4,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 45967773.6,
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        "fair_value": 13.436475,
        "relative_strength": -16.482935,
        "stage": 4,
        "regime": "rotation_down",
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 47601207.7,
        "trend": 13.921333,
        "fair_value": 13.417857,
        "relative_strength": -17.142492,
        "stage": 4,
        "regime": "rotation_down",
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        "gate": "mixed",
        "direction": -46.632677,
        "energy": 57.757358,
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      },
      {
        "date": "2026-08-07",
        "close": 14.22,
        "volume": 91402289,
        "typical_volume": 50677753.45,
        "trend": 13.990333,
        "fair_value": 13.423546,
        "relative_strength": 5.829623,
        "stage": 2,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
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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."
    }
  }
}