{
  "ticker": {
    "uuid": "5860de71-31d9-4055-aa15-a1436279e409",
    "symbol": "688200",
    "name": "Beijing Huafeng Test & Control Technology 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": 2,
    "stage_name": "Advancing",
    "phase": "2c",
    "phase_label": "Stage 2C \u00b7 Late advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 42.24,
    "architecture_energy": 23.303,
    "architecture_maturity": 92.058,
    "architecture_confidence": 88.216,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 32.4,
        "rotation_up": 31.21,
        "upward_expansion": 65.22,
        "deceleration": 85.5,
        "rotation_down": 27.45,
        "downward_expansion": 15.22
      },
      "activity_lines": [
        388.523338,
        401.772836,
        357.424289,
        330.506741
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.5
    },
    "latest_close": 408.470001,
    "trend_reference": 301.066412,
    "distance_from_trend": 0.356744,
    "trend_direction": "Improving",
    "fair_value": 160.921362,
    "distance_from_fair_value": 1.538321,
    "fair_value_direction": "Improving",
    "relative_strength": 65.285885,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.355827,
    "excess_performance": 0.399031,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.356744,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.304689,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.538321,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.953218,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.652859,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.557134,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.355827,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.117228,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 33597714,
      "relative_activity": 1.590429,
      "balance": 1.117228,
      "dry_up": 1.679258,
      "accumulation_observations": 5,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.201512,
      "annualized_volatility": 0.933077,
      "from_high_reference": -0.276596,
      "from_low_reference": 1.985892
    },
    "levels": {
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      "fair_value_reference": 160.921362,
      "structural_low": 174.340673,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 24,
        "median_return": -0.016353,
        "positive_rate": 0.458333,
        "directional_follow_through": 0.458333,
        "median_excess_return": -0.022253,
        "regime_survival": 0.708333,
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        "worst_return": -0.278212,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
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        "horizon": "Extended",
        "sample_count": 5,
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        "worst_return": -0.339877,
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "direction": 45.676678,
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      },
      {
        "date": "2026-08-07",
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        "typical_volume": 21124936.05,
        "trend": 301.066412,
        "fair_value": 160.921362,
        "relative_strength": 65.285885,
        "stage": 2,
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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."
    }
  }
}