{
  "ticker": {
    "uuid": "5444f718-e21c-4669-a7cf-d272271f41a9",
    "symbol": "603886",
    "name": "Ganso 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": -58.385,
    "architecture_energy": 67.516,
    "architecture_maturity": 13.718,
    "architecture_confidence": 79.315,
    "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": 21.89,
        "rotation_up": 11.03,
        "upward_expansion": 16.58,
        "deceleration": 35.09,
        "rotation_down": 70.06,
        "downward_expansion": 85.25
      },
      "activity_lines": [
        10.524,
        11.261818,
        11.562371,
        11.748416
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 10.6,
    "trend_reference": 12.065661,
    "distance_from_trend": -0.121474,
    "trend_direction": "Weakening",
    "fair_value": 12.893281,
    "distance_from_fair_value": -0.177866,
    "fair_value_direction": "Weakening",
    "relative_strength": -12.197999,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.179282,
    "excess_performance": -0.136078,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.121474,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.023188,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.177866,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.06379,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.12198,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.011839,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.179282,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.004521,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 13597031,
      "relative_activity": 0.60873,
      "balance": 1.004521,
      "dry_up": 0.834082,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.109289,
      "annualized_volatility": 0.420437,
      "from_high_reference": -0.257757,
      "from_low_reference": 0.109948
    },
    "levels": {
      "trend_reference": 12.065661,
      "fair_value_reference": 12.893281,
      "structural_low": 9.55,
      "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": 20,
        "median_return": 0.002809,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.006974,
        "regime_survival": 0.75,
        "best_return": 0.188406,
        "worst_return": -0.169207,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": -0.024725,
        "positive_rate": 0.428571,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.02587,
        "regime_survival": 0.571429,
        "best_return": 0.141674,
        "worst_return": -0.091059,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.014994,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.047072,
        "regime_survival": 0.25,
        "best_return": 0.119923,
        "worst_return": -0.149921,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.018115,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.058603,
        "regime_survival": 0.0,
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        "worst_return": -0.19838,
        "sufficient": false
      }
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        "end": "2025-01-10",
        "tenure": "Developing",
        "return": -0.127558,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-04-04",
        "tenure": "Developing",
        "return": 0.061993,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2025-05-02",
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      },
      {
        "regime": "balance",
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        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      {
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        "active": false
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      {
        "regime": "upward_expansion",
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        "active": false
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      {
        "regime": "deceleration",
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        "color": "amber",
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        "active": false
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        "regime": "rotation_down",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 21944982.1,
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        "stage": 1,
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        "energy": 17.161179,
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      },
      {
        "date": "2026-07-24",
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        "volume": 25069000,
        "typical_volume": 22294727.1,
        "trend": 12.240885,
        "fair_value": 12.960863,
        "relative_strength": -17.776673,
        "stage": 4,
        "regime": "rotation_up",
        "modifier": "Emerging rotation",
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        "direction": -71.355323,
        "energy": 52.138766,
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      },
      {
        "date": "2026-07-31",
        "close": 10.42,
        "volume": 13388600,
        "typical_volume": 22374532.1,
        "trend": 12.153908,
        "fair_value": 12.928248,
        "relative_strength": -11.63983,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.325922,
        "energy": 59.792249,
        "activity_lines": [
          10.752667,
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      },
      {
        "date": "2026-08-07",
        "close": 10.6,
        "volume": 13597031,
        "typical_volume": 22336732.1,
        "trend": 12.065661,
        "fair_value": 12.893281,
        "relative_strength": -12.197999,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.384516,
        "energy": 67.516422,
        "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."
    }
  }
}