{
  "ticker": {
    "uuid": "52bd840a-0dcd-4382-b078-b4b5e3031dea",
    "symbol": "600889",
    "name": "Nanjing Chemical Fiber 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": "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": -62.389,
    "architecture_energy": 72.102,
    "architecture_maturity": 13.362,
    "architecture_confidence": 80.456,
    "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": 21.93,
        "rotation_up": 11.0,
        "upward_expansion": 18.25,
        "deceleration": 34.31,
        "rotation_down": 73.73,
        "downward_expansion": 89.25
      },
      "activity_lines": [
        13.875333,
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        15.036952,
        15.224194
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 13.79,
    "trend_reference": 15.617667,
    "distance_from_trend": -0.117026,
    "trend_direction": "Weakening",
    "fair_value": 11.509679,
    "distance_from_fair_value": 0.198122,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.111626,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.207926,
    "excess_performance": -0.164723,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.117026,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.006067,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.198122,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.294489,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.111116,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.032139,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.207926,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.860839,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 10635155,
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      "balance": 0.860839,
      "dry_up": 0.790624,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.0849,
      "annualized_volatility": 0.38322,
      "from_high_reference": -0.268047,
      "from_low_reference": 0.084972
    },
    "levels": {
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      "fair_value_reference": 11.509679,
      "structural_low": 12.71,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 20,
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        "positive_rate": 0.7,
        "directional_follow_through": 0.3,
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        "worst_return": -0.135255,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.144981,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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      {
        "horizon": "Full cycle",
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        "regime": "deceleration",
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "volume": 14132302,
        "typical_volume": 18769113.1,
        "trend": 15.869667,
        "fair_value": 11.343333,
        "relative_strength": -0.104964,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -38.668117,
        "energy": 17.127239,
        "activity_lines": [
          15.605333,
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      },
      {
        "date": "2026-07-24",
        "close": 13.35,
        "volume": 14355272,
        "typical_volume": 17875096.65,
        "trend": 15.821333,
        "fair_value": 11.398141,
        "relative_strength": -11.74389,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -71.773307,
        "energy": 52.93342,
        "activity_lines": [
          14.838,
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      },
      {
        "date": "2026-07-31",
        "close": 13.35,
        "volume": 11506228,
        "typical_volume": 16760237.9,
        "trend": 15.721333,
        "fair_value": 11.452564,
        "relative_strength": -11.831396,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -74.61958,
        "energy": 70.706478,
        "activity_lines": [
          14.226667,
          14.886545,
          15.164619,
          15.348796
        ]
      },
      {
        "date": "2026-08-07",
        "close": 13.79,
        "volume": 10635155,
        "typical_volume": 16009171.25,
        "trend": 15.617667,
        "fair_value": 11.509679,
        "relative_strength": -11.111626,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.38893,
        "energy": 72.102108,
        "activity_lines": [
          13.875333,
          14.612545,
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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."
    }
  }
}