{ "ticker": { "uuid": "46e4e188-1917-4645-b078-80d44bd2f3c7", "symbol": "000506", "name": "Zhaojin International Gold 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 69.571, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -6.532, "architecture_energy": 7.833, "architecture_maturity": 61.364, "architecture_confidence": 46.734, "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": 60.58, "rotation_up": 29.74, "upward_expansion": 19.87, "deceleration": 43.71, "rotation_down": 20.88, "downward_expansion": 56.2 }, "activity_lines": [ 14.752666, 14.073454, 14.34181, 15.144 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 18.129999, "trend_reference": 16.178, "distance_from_trend": 0.120658, "trend_direction": "Improving", "fair_value": 7.641603, "distance_from_fair_value": 1.372539, "fair_value_direction": "Weakening", "relative_strength": 23.909202, "relative_strength_direction": "Improving", "price_momentum": -0.293728, "excess_performance": -0.301128, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.120658, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.025742, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.372539, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.13365, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.239092, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.1457, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.293728, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.254591, "read": "Demand-led" } ], "volume": { "latest": 488528896, "relative_activity": 2.407096, "balance": 1.254591, "dry_up": 1.946969, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.126904, "annualized_volatility": 0.806747, "from_high_reference": -0.364306, "from_low_reference": 0.953664 }, "levels": { "trend_reference": 16.178, "fair_value_reference": 7.641603, "structural_low": 10.82, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 12, "median_return": 0.190825, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.163042, "regime_survival": 0.75, "best_return": 1.159091, "worst_return": -0.416185, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.451217, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.378975, "regime_survival": 0.25, "best_return": 1.614815, "worst_return": -0.219653, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.330612, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.315552, "regime_survival": 0.333333, "best_return": 2.577586, "worst_return": -0.705584, "sufficient": false }, { 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4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.08138, "energy": 50.717592, "activity_lines": [ 12.448667, 13.023273, 14.075429, 15.101118 ] }, { "date": "2026-07-31", "close": 14.52, "volume": 418078270, "typical_volume": 189715768.75, "trend": 16.009, "fair_value": 7.552821, "relative_strength": 5.257729, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.062986, "energy": 38.539407, "activity_lines": [ 13.077333, 13.223091, 14.028095, 15.007161 ] }, { "date": "2026-08-07", "close": 18.129999, "volume": 488528896, "typical_volume": 202953661.85, "trend": 16.178, "fair_value": 7.641603, "relative_strength": 23.909202, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -6.532243, "energy": 7.833328, "activity_lines": [ 14.752666, 14.073454, 14.34181, 15.144 ] } ], "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." } } }