{
  "ticker": {
    "uuid": "5953fdb1-16ea-4b17-9c0a-cd66a061b191",
    "symbol": "603515",
    "name": "Opple Lighting 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": -61.346,
    "architecture_energy": 43.064,
    "architecture_maturity": 28.63,
    "architecture_confidence": 92.71,
    "architecture_tenure": "Developing",
    "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": 16.19,
        "rotation_up": 23.01,
        "upward_expansion": 5.85,
        "deceleration": 53.24,
        "rotation_down": 51.86,
        "downward_expansion": 79.18
      },
      "activity_lines": [
        17.009334,
        17.07173,
        17.670302,
        18.065262
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 16.889999,
    "trend_reference": 18.497812,
    "distance_from_trend": -0.086919,
    "trend_direction": "Weakening",
    "fair_value": 16.886452,
    "distance_from_fair_value": 0.00021,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.860904,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.165926,
    "excess_performance": -0.122722,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.086919,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.012882,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.00021,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.16852,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.068609,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.061696,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.165926,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.572957,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 9438486,
      "relative_activity": 1.25293,
      "balance": 0.572957,
      "dry_up": 0.984656,
      "accumulation_observations": 1,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.058288,
      "annualized_volatility": 0.224848,
      "from_high_reference": -0.187214,
      "from_low_reference": 0.025501
    },
    "levels": {
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      "fair_value_reference": 16.886452,
      "structural_low": 16.469999,
      "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": 25,
        "median_return": 0.00934,
        "positive_rate": 0.52,
        "directional_follow_through": 0.48,
        "median_excess_return": -0.006938,
        "regime_survival": 0.72,
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        "worst_return": -0.128371,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "regime_survival": 0.6,
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        "worst_return": -0.168447,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": 0.041973,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "regime_survival": 0.333333,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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        "best_return": 0.305182,
        "worst_return": -0.319121,
        "sufficient": false
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        "tenure": "New",
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        "active": false
      },
      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      {
        "regime": "rotation_up",
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      {
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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      {
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 7403010.45,
        "trend": 18.573145,
        "fair_value": 16.899391,
        "relative_strength": -5.483768,
        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -67.843124,
        "energy": 57.598092,
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      },
      {
        "date": "2026-07-31",
        "close": 17.360001,
        "volume": 7467840,
        "typical_volume": 7413286.4,
        "trend": 18.544145,
        "fair_value": 16.894062,
        "relative_strength": -1.964537,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -58.580879,
        "energy": 42.44058,
        "activity_lines": [
          17.070001,
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      },
      {
        "date": "2026-08-07",
        "close": 16.889999,
        "volume": 9438486,
        "typical_volume": 7533128.45,
        "trend": 18.497812,
        "fair_value": 16.886452,
        "relative_strength": -6.860904,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.345704,
        "energy": 43.064239,
        "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."
    }
  }
}