{
  "ticker": {
    "uuid": "459f6a51-d9bd-402a-8553-01891036c682",
    "symbol": "300550",
    "name": "Heren Health Co.,Ltd.",
    "exchange": "SHZ",
    "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": "399001.SZ",
    "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": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -58.152,
    "architecture_energy": 63.57,
    "architecture_maturity": 10.737,
    "architecture_confidence": 76.698,
    "architecture_tenure": "New",
    "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": 35.81,
        "rotation_up": 10.85,
        "upward_expansion": 14.51,
        "deceleration": 36.49,
        "rotation_down": 70.24,
        "downward_expansion": 83.18
      },
      "activity_lines": [
        11.398667,
        12.481098,
        13.041756,
        13.09963
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 11.94,
    "trend_reference": 13.403864,
    "distance_from_trend": -0.109212,
    "trend_direction": "Weakening",
    "fair_value": 12.988983,
    "distance_from_fair_value": -0.080759,
    "fair_value_direction": "Weakening",
    "relative_strength": -13.454716,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.171409,
    "excess_performance": -0.178808,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.109212,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.012159,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.080759,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.108863,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.134547,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.030885,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.171409,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.942239,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 34238590,
      "relative_activity": 1.127077,
      "balance": 0.942239,
      "dry_up": 1.190283,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.150201,
      "annualized_volatility": 0.668961,
      "from_high_reference": -0.295575,
      "from_low_reference": 0.214649
    },
    "levels": {
      "trend_reference": 13.403864,
      "fair_value_reference": 12.988983,
      "structural_low": 9.83,
      "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": 20,
        "median_return": 0.060771,
        "positive_rate": 0.65,
        "directional_follow_through": 0.35,
        "median_excess_return": 0.039113,
        "regime_survival": 0.7,
        "best_return": 0.22816,
        "worst_return": -0.123744,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.108214,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.056522,
        "regime_survival": 0.25,
        "best_return": 0.330916,
        "worst_return": -0.229935,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.016022,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.003894,
        "regime_survival": 0.4,
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        "worst_return": -0.214876,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.165978,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "best_return": 0.23264,
        "worst_return": -0.164275,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
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        "color": "blue",
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        "return": 0.025816,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "Developing",
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      },
      {
        "regime": "balance",
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      },
      {
        "regime": "rotation_down",
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      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
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      {
        "regime": "downward_expansion",
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      {
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      {
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        "active": true
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    ],
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 28786503.95,
        "trend": 13.715197,
        "fair_value": 13.091665,
        "relative_strength": -11.881158,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
        "gate": "mixed",
        "direction": -16.957171,
        "energy": 10.781843,
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      },
      {
        "date": "2026-07-24",
        "close": 10.12,
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        "typical_volume": 29454109.15,
        "trend": 13.604197,
        "fair_value": 13.050483,
        "relative_strength": -25.072667,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -70.606605,
        "energy": 40.839006,
        "activity_lines": [
          12.46,
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      },
      {
        "date": "2026-07-31",
        "close": 10.62,
        "volume": 26237956,
        "typical_volume": 29774689.95,
        "trend": 13.489531,
        "fair_value": 13.013206,
        "relative_strength": -19.545553,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -72.217174,
        "energy": 65.684597,
        "activity_lines": [
          11.621333,
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      },
      {
        "date": "2026-08-07",
        "close": 11.94,
        "volume": 34238590,
        "typical_volume": 30378230.65,
        "trend": 13.403864,
        "fair_value": 12.988983,
        "relative_strength": -13.454716,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.152488,
        "energy": 63.570492,
        "activity_lines": [
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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."
    }
  }
}