{ "ticker": { "uuid": "4da2a7fd-3888-45bf-bd56-10027b12f9ef", "symbol": "603122", "name": "Cowealth Medical China 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": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -62.833, "architecture_energy": 55.069, "architecture_maturity": 88.517, "architecture_confidence": 92.502, "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": 9.96, "rotation_up": 28.43, "upward_expansion": 9.33, "deceleration": 60.98, "rotation_down": 51.33, "downward_expansion": 82.66 }, "activity_lines": [ 10.906, 10.961818, 12.091714, 13.229527 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 12.39, "trend_reference": 14.833, "distance_from_trend": -0.1647, "trend_direction": "Weakening", "fair_value": 9.38948, "distance_from_fair_value": 0.319562, "fair_value_direction": "Weakening", "relative_strength": -13.527074, "relative_strength_direction": "Weakening", "price_momentum": -0.30315, "excess_performance": -0.259946, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.1647, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.206211, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.319562, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.441901, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.135271, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.266309, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.30315, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.418576, "read": "Supply-led" } ], "volume": { "latest": 145649972, "relative_activity": 1.40316, "balance": 0.418576, "dry_up": 1.051404, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.109642, "annualized_volatility": 0.620193, "from_high_reference": -0.603139, "from_low_reference": 1.02451 }, "levels": { "trend_reference": 14.833, "fair_value_reference": 9.38948, "structural_low": 9.07, "invalidation": 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"activity_lines": [ 11.484, 12.248364, 13.773381, 15.051742 ] }, { "date": "2026-07-10", "close": 10.7, "volume": 56065317, "typical_volume": 98499794.7, "trend": 16.884, "fair_value": 9.321208, "relative_strength": -25.148293, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -78.397908, "energy": 90.447294, "activity_lines": [ 11.150667, 11.821818, 13.377619, 14.618731 ] }, { "date": "2026-07-17", "close": 10.31, "volume": 125675946, "typical_volume": 101710563.65, "trend": 16.385667, "fair_value": 9.336293, "relative_strength": -23.749291, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.441784, "energy": 90.44624, "activity_lines": [ 10.803333, 11.403455, 12.972333, 14.194602 ] }, { "date": "2026-07-24", "close": 9.72, "volume": 88437870, "typical_volume": 101371460.75, "trend": 15.739667, "fair_value": 9.346975, "relative_strength": -29.257133, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.332373, "energy": 90.660546, "activity_lines": [ 10.38, 10.982, 12.543333, 13.764559 ] }, { "date": "2026-07-31", "close": 10.29, "volume": 76784800, "typical_volume": 102370040.75, "trend": 15.233333, "fair_value": 9.361061, "relative_strength": -25.727473, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.404467, "energy": 69.828565, "activity_lines": [ 10.276, 10.750545, 12.203667, 13.412968 ] }, { "date": "2026-08-07", "close": 12.39, "volume": 145649972, "typical_volume": 103801389.6, "trend": 14.833, "fair_value": 9.38948, "relative_strength": -13.527074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.833294, "energy": 55.068818, "activity_lines": [ 10.906, 10.961818, 12.091714, 13.229527 ] } ], "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." } } }