{ "ticker": { "uuid": "45d1417b-69e7-4533-addd-7b7567b8cecd", "symbol": "300642", "name": "Tellgen Corporation", "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": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -56.762, "architecture_energy": 47.53, "architecture_maturity": 100.0, "architecture_confidence": 80.17, "architecture_tenure": "Established", "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": 20.99, "rotation_up": 27.93, "upward_expansion": 7.98, "deceleration": 60.97, "rotation_down": 39.85, "downward_expansion": 74.31 }, "activity_lines": [ 12.454667, 12.460545, 13.360041, 14.310319 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 13.25, "trend_reference": 15.719467, "distance_from_trend": -0.157096, "trend_direction": "Weakening", "fair_value": 15.93409, "distance_from_fair_value": -0.16845, "fair_value_direction": "Weakening", "relative_strength": -31.394939, "relative_strength_direction": "Weakening", "price_momentum": -0.280904, "excess_performance": -0.288304, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.157096, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.131581, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.16845, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.176019, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.313949, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.033923, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.280904, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.601616, "read": "Supply-led" } ], "volume": { "latest": 16659490, "relative_activity": 1.191241, "balance": 0.601616, "dry_up": 1.521152, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.095712, "annualized_volatility": 0.351914, "from_high_reference": -0.593316, "from_low_reference": 0.200181 }, "levels": { "trend_reference": 15.719467, "fair_value_reference": 15.93409, "structural_low": 11.04, "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": 36, "median_return": -0.013142, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.001191, "regime_survival": 0.861111, "best_return": 0.149626, "worst_return": -0.290265, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.048039, "positive_rate": 0.272727, "directional_follow_through": 0.636364, "median_excess_return": -0.07054, "regime_survival": 0.545455, "best_return": 0.312269, "worst_return": -0.309148, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.020704, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.055678, "regime_survival": 0.333333, "best_return": 0.756068, "worst_return": -0.366241, "sufficient": true }, { 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contraction", "gate": "down", "direction": -66.278196, "energy": 71.763674, "activity_lines": [ 12.538, 13.058595, 14.331977, 15.311614 ] }, { "date": "2026-07-17", "close": 12.58, "volume": 27404752, "typical_volume": 13176446.7, "trend": 16.347319, "fair_value": 16.06747, "relative_strength": -33.811558, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.691061, "energy": 63.202836, "activity_lines": [ 12.542667, 12.845661, 14.06987, 15.056267 ] }, { "date": "2026-07-24", "close": 11.22, "volume": 24132521, "typical_volume": 13476688.15, "trend": 16.098182, "fair_value": 16.015825, "relative_strength": -40.700712, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.413828, "energy": 66.726738, "activity_lines": [ 12.118667, 12.459056, 13.706219, 14.725472 ] }, { "date": "2026-07-31", "close": 12.3, "volume": 16896404, "typical_volume": 13723189.35, "trend": 15.8867, "fair_value": 15.97104, "relative_strength": -33.478656, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.94511, "energy": 57.322304, "activity_lines": [ 12.144667, 12.347636, 13.475719, 14.480428 ] }, { "date": "2026-08-07", "close": 13.25, "volume": 16659490, "typical_volume": 13984991.3, "trend": 15.719467, "fair_value": 15.93409, "relative_strength": -31.394939, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.761828, "energy": 47.530009, "activity_lines": [ 12.454667, 12.460545, 13.360041, 14.310319 ] } ], "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." } } }