{ "ticker": { "uuid": "5609be2d-ab57-4691-bd7e-30715e29ccc3", "symbol": "000970", "name": "Beijing Zhong Ke San Huan High-Tech 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 53.881, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "mixed", "architecture_direction": -2.225, "architecture_energy": 13.836, "architecture_maturity": 34.803, "architecture_confidence": 61.991, "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": 59.8, "rotation_up": 20.38, "upward_expansion": 23.04, "deceleration": 67.32, "rotation_down": 48.76, "downward_expansion": 32.04 }, "activity_lines": [ 13.202667, 13.810368, 13.329593, 13.179277 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 13.69, "trend_reference": 13.226498, "distance_from_trend": 0.035043, "trend_direction": "Improving", "fair_value": 11.283106, "distance_from_fair_value": 0.213318, "fair_value_direction": "Improving", "relative_strength": -2.27665, "relative_strength_direction": "Improving", "price_momentum": -0.045328, "excess_performance": -0.052728, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.035043, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.015042, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.213318, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.110693, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.022766, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.217229, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.045328, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.537636, "read": "Supply-led" } ], "volume": { "latest": 372227229, "relative_activity": 1.854888, "balance": 0.537636, "dry_up": 1.885855, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.133867, "annualized_volatility": 0.572996, "from_high_reference": -0.200817, "from_low_reference": 0.254676 }, "levels": { "trend_reference": 13.226498, "fair_value_reference": 11.283106, "structural_low": 10.911181, "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": 10, "median_return": -0.05758, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.031646, "regime_survival": 0.3, "best_return": 0.19307, "worst_return": -0.114286, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": -0.110571, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.072143, "regime_survival": 0.0, "best_return": 0.365099, "worst_return": -0.222594, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.010171, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.02887, "regime_survival": 0.2, "best_return": 0.172484, "worst_return": -0.243983, "sufficient": true 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-5.242085, "stage": 2, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 22.143375, "energy": 23.988125, "activity_lines": [ 14.146667, 14.067484, 13.316688, 13.225406 ] }, { "date": "2026-07-31", "close": 12.09, "volume": 299718278, "typical_volume": 189838555.95, "trend": 13.222165, "fair_value": 11.270572, "relative_strength": -9.461934, "stage": 4, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": -11.544205, "energy": 12.76361, "activity_lines": [ 13.338, 13.794931, 13.243664, 13.149094 ] }, { "date": "2026-08-07", "close": 13.69, "volume": 372227229, "typical_volume": 200673681.1, "trend": 13.226498, "fair_value": 11.283106, "relative_strength": -2.27665, "stage": 1, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -2.225382, "energy": 13.835676, "activity_lines": [ 13.202667, 13.810368, 13.329593, 13.179277 ] } ], "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." } } }