{
  "ticker": {
    "uuid": "464c88bb-069c-4fa8-83bc-6725a1726050",
    "symbol": "301077",
    "name": "Zhejiang Chinastars New Materials Group 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": -66.327,
    "architecture_energy": 86.257,
    "architecture_maturity": 33.561,
    "architecture_confidence": 92.992,
    "architecture_tenure": "Developing",
    "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": 6.84,
        "rotation_up": 11.18,
        "upward_expansion": 21.89,
        "deceleration": 37.03,
        "rotation_down": 74.01,
        "downward_expansion": 95.23
      },
      "activity_lines": [
        19.682001,
        20.847273,
        23.758639,
        25.278697
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 20.6,
    "trend_reference": 27.26733,
    "distance_from_trend": -0.244517,
    "trend_direction": "Weakening",
    "fair_value": 18.625624,
    "distance_from_fair_value": 0.106003,
    "fair_value_direction": "Weakening",
    "relative_strength": -25.018929,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.328852,
    "excess_performance": -0.336252,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.244517,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.051872,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.106003,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.692238,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.250189,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.269968,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.328852,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.193251,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 9833948,
      "relative_activity": 0.641642,
      "balance": 0.193251,
      "dry_up": 0.587239,
      "accumulation_observations": 0,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.107885,
      "annualized_volatility": 0.656564,
      "from_high_reference": -0.473276,
      "from_low_reference": 0.153415
    },
    "levels": {
      "trend_reference": 27.26733,
      "fair_value_reference": 18.625624,
      "structural_low": 17.860001,
      "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": 9,
        "median_return": 0.034204,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.003899,
        "regime_survival": 0.666667,
        "best_return": 0.294542,
        "worst_return": -0.206539,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": 0.131968,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.185055,
        "regime_survival": 0.25,
        "best_return": 0.642752,
        "worst_return": -0.204071,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.013413,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.143912,
        "regime_survival": 0.0,
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        "worst_return": -0.086914,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.798502,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.56927,
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        "best_return": 1.666584,
        "worst_return": -0.069581,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-09-20",
        "end": "2024-09-27",
        "tenure": "New",
        "return": 0.129114,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-10-25",
        "tenure": "New",
        "return": 0.093273,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-03-07",
        "tenure": "Established",
        "return": 0.044598,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-04-04",
        "tenure": "New",
        "return": 0.206395,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "return": -0.003307,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-07-25",
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        "return": 0.100767,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
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      {
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        "active": false
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        "regime": "rotation_down",
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      {
        "regime": "balance",
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      },
      {
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        "modifier": "Early contraction",
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      },
      {
        "date": "2026-07-24",
        "close": 18.190001,
        "volume": 9537679,
        "typical_volume": 15563957.4,
        "trend": 27.692266,
        "fair_value": 18.547164,
        "relative_strength": -31.868723,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.748814,
        "energy": 89.631226,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 18.950001,
        "volume": 8017053,
        "typical_volume": 15282665.15,
        "trend": 27.434806,
        "fair_value": 18.582009,
        "relative_strength": -27.646033,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -75.823297,
        "energy": 90.113009,
        "activity_lines": [
          19.677334,
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      },
      {
        "date": "2026-08-07",
        "close": 20.6,
        "volume": 9833948,
        "typical_volume": 15326230.25,
        "trend": 27.26733,
        "fair_value": 18.625624,
        "relative_strength": -25.018929,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.327348,
        "energy": 86.256869,
        "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."
    }
  }
}