{ "ticker": { "uuid": "4530f95e-9669-4378-8da9-b510721de85e", "symbol": "603272", "name": "Zhejiang Lianxiang Smart Home 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Structural failure", "architecture_gate": "down", "architecture_direction": -67.097, "architecture_energy": 83.043, "architecture_maturity": 26.0, "architecture_confidence": 82.463, "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": 19.84, "rotation_up": 8.19, "upward_expansion": 19.98, "deceleration": 37.06, "rotation_down": 79.64, "downward_expansion": 95.65 }, "activity_lines": [ 16.121333, 19.831818, 25.126, 26.027527 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 16.799999, "trend_reference": 26.157333, "distance_from_trend": -0.357733, "trend_direction": "Improving", "fair_value": 17.063164, "distance_from_fair_value": -0.015423, "fair_value_direction": "Weakening", "relative_strength": -27.63334, "relative_strength_direction": "Weakening", "price_momentum": -0.213483, "excess_performance": -0.170279, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.357733, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.054632, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.015423, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.629391, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.276333, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.418564, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.213483, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.833302, "read": "Supply-led" } ], "volume": { "latest": 26242232, "relative_activity": 1.118673, "balance": 0.833302, "dry_up": 1.141986, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.3163, "annualized_volatility": 1.27315, "from_high_reference": -0.614679, "from_low_reference": 0.341853 }, "levels": { "trend_reference": 26.157333, "fair_value_reference": 17.063164, "structural_low": 12.52, "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": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, 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25.110001, "volume": 5238492, "typical_volume": 20181146.7, "trend": 26.513333, "fair_value": 17.046428, "relative_strength": 4.333882, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 7.688928, "energy": 21.011779, "activity_lines": [ 28.488667, 31.597637, 30.826524, 29.122 ] }, { "date": "2026-07-10", "close": 22.08, "volume": 24621836, "typical_volume": 20839313.5, "trend": 26.607, "fair_value": 17.086811, "relative_strength": -7.366412, "stage": 3, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -30.342963, "energy": 37.212134, "activity_lines": [ 25.298667, 29.814, 30.127714, 28.835979 ] }, { "date": "2026-07-17", "close": 15.45, "volume": 26463303, "typical_volume": 21387258.65, "trend": 26.512667, "fair_value": 17.080662, "relative_strength": -31.03434, "stage": 4, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "mixed", "direction": -46.934285, "energy": 61.133743, "activity_lines": [ 21.333334, 26.910728, 28.804238, 28.116172 ] }, { "date": "2026-07-24", "close": 15.12, "volume": 28006791, "typical_volume": 21943638.5, "trend": 26.383667, "fair_value": 17.07277, "relative_strength": -33.176108, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -44.780153, "energy": 73.38929, "activity_lines": [ 18.526, 24.141091, 27.494714, 27.381161 ] }, { "date": "2026-07-31", "close": 14.87, "volume": 26444150, "typical_volume": 22658235.0, "trend": 26.267667, "fair_value": 17.062344, "relative_strength": -34.328587, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -50.042154, "energy": 78.114492, "activity_lines": [ 16.696667, 21.646364, 26.19681, 26.638344 ] }, { "date": "2026-08-07", "close": 16.799999, "volume": 26242232, "typical_volume": 23458359.15, "trend": 26.157333, "fair_value": 17.063164, "relative_strength": -27.63334, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -67.096841, "energy": 83.042529, "activity_lines": [ 16.121333, 19.831818, 25.126, 26.027527 ] } ], "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." } } }