{
  "ticker": {
    "uuid": "53c65e1b-cc50-40a6-8863-14b084b4881d",
    "symbol": "600333",
    "name": "Changchun Gas 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": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 60.888,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "mixed",
    "architecture_direction": 28.449,
    "architecture_energy": 24.399,
    "architecture_maturity": 10.229,
    "architecture_confidence": 63.16,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 50.73,
        "rotation_up": 57.08,
        "upward_expansion": 39.44,
        "deceleration": 33.11,
        "rotation_down": 18.72,
        "downward_expansion": 16.77
      },
      "activity_lines": [
        5.761333,
        5.614364,
        5.59219,
        5.598796
      ],
      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 6.04,
    "trend_reference": 5.644667,
    "distance_from_trend": 0.070037,
    "trend_direction": "Weakening",
    "fair_value": 5.036859,
    "distance_from_fair_value": 0.19916,
    "fair_value_direction": "Improving",
    "relative_strength": 4.5839,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.028961,
    "excess_performance": 0.072165,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.070037,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.043817,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.19916,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.057451,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.045839,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.119712,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.028961,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.066954,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 59541263,
      "relative_activity": 1.063778,
      "balance": 1.066954,
      "dry_up": 1.046931,
      "accumulation_observations": 5,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.062659,
      "annualized_volatility": 0.335537,
      "from_high_reference": -0.267879,
      "from_low_reference": 0.227642
    },
    "levels": {
      "trend_reference": 5.644667,
      "fair_value_reference": 5.036859,
      "structural_low": 4.98,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 14,
        "median_return": 0.021362,
        "positive_rate": 0.642857,
        "directional_follow_through": 0.642857,
        "median_excess_return": 0.013175,
        "regime_survival": 0.428571,
        "best_return": 0.134367,
        "worst_return": -0.298419,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.05499,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.038994,
        "regime_survival": 0.0,
        "best_return": 0.416021,
        "worst_return": -0.23913,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.008963,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.038431,
        "regime_survival": 0.333333,
        "best_return": 0.372591,
        "worst_return": -0.073836,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.016,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.029717,
        "regime_survival": 0.0,
        "best_return": 0.472868,
        "worst_return": -0.236253,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-03",
        "end": "2025-02-14",
        "tenure": "Developing",
        "return": -0.106667,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-02-28",
        "tenure": "New",
        "return": 0.017544,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-04-04",
        "tenure": "Developing",
        "return": 0.035874,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-05-23",
        "tenure": "Developing",
        "return": 0.062212,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-06-20",
        "tenure": "New",
        "return": 0.134904,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-07-18",
        "tenure": "New",
        "return": 0.012346,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-25",
        "end": "2025-12-05",
        "tenure": "Established",
        "return": 0.2,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-01-02",
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        "return": -0.069024,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "return": -0.034014,
        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      {
        "regime": "balance",
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        "active": true
      }
    ],
    "chart_path": [
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      },
      {
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 5.77,
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        "typical_volume": 57552271.4,
        "trend": 5.627667,
        "fair_value": 5.029615,
        "relative_strength": 2.910953,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -13.506587,
        "energy": 12.220681,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 6.04,
        "volume": 59541263,
        "typical_volume": 55971519.4,
        "trend": 5.644667,
        "fair_value": 5.036859,
        "relative_strength": 4.5839,
        "stage": 1,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 28.44922,
        "energy": 24.399293,
        "activity_lines": [
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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."
    }
  }
}