{ "ticker": { "uuid": "4ba6dd55-fc2c-4925-b230-265b15ae3cfb", "symbol": "603881", "name": "Shanghai @hub 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": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 90.389, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -60.494, "architecture_energy": 44.312, "architecture_maturity": 29.643, "architecture_confidence": 88.813, "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": 19.59, "rotation_up": 21.24, "upward_expansion": 6.1, "deceleration": 56.14, "rotation_down": 56.99, "downward_expansion": 81.77 }, "activity_lines": [ 24.704666, 24.933808, 27.059617, 28.321867 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.833333 }, "latest_close": 25.709999, "trend_reference": 29.576785, "distance_from_trend": -0.130737, "trend_direction": "Weakening", "fair_value": 18.416083, "distance_from_fair_value": 0.396062, "fair_value_direction": "Weakening", "relative_strength": -8.988871, "relative_strength_direction": "Weakening", "price_momentum": -0.177808, "excess_performance": -0.134604, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.130737, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.011, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.396062, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.547646, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.089889, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.228442, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.177808, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.514122, "read": "Demand-led" } ], "volume": { "latest": 243700548, "relative_activity": 0.936474, "balance": 1.514122, "dry_up": 0.902998, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.125819, "annualized_volatility": 0.470764, "from_high_reference": -0.315387, "from_low_reference": 0.216946 }, "levels": { "trend_reference": 29.576785, "fair_value_reference": 18.416083, "structural_low": 21.950001, "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": 19, "median_return": -0.013386, "positive_rate": 0.473684, "directional_follow_through": 0.526316, "median_excess_return": -0.008416, "regime_survival": 0.789474, "best_return": 0.242658, "worst_return": -0.146763, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.008871, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": 0.023985, "regime_survival": 0.666667, "best_return": 0.314313, "worst_return": -0.089145, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.118438, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.115654, "regime_survival": 0.5, "best_return": 2.173529, "worst_return": -0.152821, 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24.656685, 26.032162, 28.361398, 29.259591 ] }, { "date": "2026-07-24", "close": 24.219999, "volume": 279256281, "typical_volume": 279827918.4, "trend": 29.588953, "fair_value": 18.248145, "relative_strength": -11.303027, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.074762, "energy": 63.759052, "activity_lines": [ 24.375999, 25.409429, 27.850456, 28.913027 ] }, { "date": "2026-07-31", "close": 24.280001, "volume": 155581695, "typical_volume": 269374171.15, "trend": 29.56403, "fair_value": 18.326566, "relative_strength": -11.522968, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.914073, "energy": 49.835976, "activity_lines": [ 24.300666, 24.970279, 27.374361, 28.570514 ] }, { "date": "2026-08-07", "close": 25.709999, "volume": 243700548, "typical_volume": 260232104.8, "trend": 29.576785, "fair_value": 18.416083, "relative_strength": -8.988871, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.494232, "energy": 44.312419, "activity_lines": [ 24.704666, 24.933808, 27.059617, 28.321867 ] } ], "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." } } }