{ "ticker": { "uuid": "5236a542-6f90-4fcc-8314-666cba3efcc3", "symbol": "002767", "name": "Hangzhou Innover Technology 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": "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": -56.106, "architecture_energy": 43.53, "architecture_maturity": 38.691, "architecture_confidence": 86.444, "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": 19.64, "rotation_up": 20.35, "upward_expansion": 6.02, "deceleration": 53.72, "rotation_down": 49.54, "downward_expansion": 74.68 }, "activity_lines": [ 16.8, 17.164003, 18.018065, 18.998058 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 17.32, "trend_reference": 20.356178, "distance_from_trend": -0.149153, "trend_direction": "Weakening", "fair_value": 16.317457, "distance_from_fair_value": 0.06144, "fair_value_direction": "Weakening", "relative_strength": -17.741074, "relative_strength_direction": "Weakening", "price_momentum": -0.262037, "excess_performance": -0.269436, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.149153, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.050906, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.06144, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.262996, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.177411, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.031428, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.262037, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.400547, "read": "Demand-led" } ], "volume": { "latest": 14429150, "relative_activity": 1.021558, "balance": 1.400547, "dry_up": 1.421377, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.115032, "annualized_volatility": 0.446613, "from_high_reference": -0.338173, "from_low_reference": 0.16008 }, "levels": { "trend_reference": 20.356178, "fair_value_reference": 16.317457, "structural_low": 14.93, "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": 16, "median_return": 0.011991, "positive_rate": 0.5625, "directional_follow_through": 0.4375, "median_excess_return": 0.015107, "regime_survival": 0.8125, "best_return": 0.154728, "worst_return": -0.116541, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.004523, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.05912, "regime_survival": 0.5, "best_return": 0.389753, "worst_return": -0.256963, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.044664, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.037067, "regime_survival": 0.5, "best_return": 0.457457, "worst_return": -0.179953, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, 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19.294383, 20.222653 ] }, { "date": "2026-07-10", "close": 18.200001, "volume": 45456032, "typical_volume": 13595417.6, "trend": 21.036512, "fair_value": 16.243768, "relative_strength": -19.720759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.363378, "energy": 47.659227, "activity_lines": [ 17.794987, 18.05021, 19.084976, 20.034018 ] }, { "date": "2026-07-17", "close": 18.43, "volume": 25783850, "typical_volume": 14113130.1, "trend": 20.948845, "fair_value": 16.272703, "relative_strength": -10.353812, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.676481, "energy": 39.111038, "activity_lines": [ 18.015823, 18.032295, 18.926903, 19.865856 ] }, { "date": "2026-07-24", "close": 15.42, "volume": 22183901, "typical_volume": 14431012.2, "trend": 20.719512, "fair_value": 16.282726, "relative_strength": -24.854461, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.971526, "energy": 49.730068, "activity_lines": [ 17.227205, 17.515834, 18.508402, 19.509157 ] }, { "date": "2026-07-31", "close": 16.02, "volume": 17908920, "typical_volume": 14378958.2, "trend": 20.542512, "fair_value": 16.294679, "relative_strength": -20.33507, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.876784, "energy": 49.611966, "activity_lines": [ 16.765251, 17.1901, 18.183186, 19.205962 ] }, { "date": "2026-08-07", "close": 17.32, "volume": 14429150, "typical_volume": 14124653.35, "trend": 20.356178, "fair_value": 16.317457, "relative_strength": -17.741074, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.106416, "energy": 43.529971, "activity_lines": [ 16.8, 17.164003, 18.018065, 18.998058 ] } ], "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." } } }