{
  "ticker": {
    "uuid": "5a0a94ed-a8f0-409f-a1c8-4f21a0d840bf",
    "symbol": "601798",
    "name": "Lanpec Technologies Limited",
    "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": "4b",
    "phase_label": "Stage 4B \u00b7 Declining",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 96.0,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -48.397,
    "architecture_energy": 37.263,
    "architecture_maturity": 63.362,
    "architecture_confidence": 64.426,
    "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": 20.4,
        "rotation_up": 25.4,
        "upward_expansion": 16.68,
        "deceleration": 65.89,
        "rotation_down": 44.9,
        "downward_expansion": 69.01
      },
      "activity_lines": [
        7.326667,
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        8.072903
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 7.57,
    "trend_reference": 8.563333,
    "distance_from_trend": -0.115998,
    "trend_direction": "Weakening",
    "fair_value": 7.418526,
    "distance_from_fair_value": 0.020418,
    "fair_value_direction": "Weakening",
    "relative_strength": -15.040843,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.20733,
    "excess_performance": -0.164126,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.115998,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.067141,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.020418,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.218879,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.150408,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.083529,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.20733,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.694776,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 28973239,
      "relative_activity": 0.967996,
      "balance": 0.694776,
      "dry_up": 1.179768,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.08993,
      "annualized_volatility": 0.38313,
      "from_high_reference": -0.357385,
      "from_low_reference": 0.155725
    },
    "levels": {
      "trend_reference": 8.563333,
      "fair_value_reference": 7.418526,
      "structural_low": 6.55,
      "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": 18,
        "median_return": 0.029187,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "worst_return": -0.182114,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "worst_return": -0.162602,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
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        "sufficient": false
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      {
        "horizon": "Full cycle",
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    ],
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      },
      {
        "regime": "rotation_up",
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      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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      },
      {
        "date": "2026-07-17",
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        "direction": -70.929924,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 32075852.4,
        "trend": 8.656,
        "fair_value": 7.414744,
        "relative_strength": -18.601585,
        "stage": 4,
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        "gate": "down",
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        "energy": 55.366882,
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      },
      {
        "date": "2026-07-31",
        "close": 7.51,
        "volume": 33060699,
        "typical_volume": 31001114.0,
        "trend": 8.606667,
        "fair_value": 7.415769,
        "relative_strength": -13.692326,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.508757,
        "energy": 50.444952,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 7.57,
        "volume": 28973239,
        "typical_volume": 29931164.2,
        "trend": 8.563333,
        "fair_value": 7.418526,
        "relative_strength": -15.040843,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -48.396566,
        "energy": 37.263345,
        "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."
    }
  }
}