{ "ticker": { "uuid": "5b2a437e-3bc8-4040-8a5b-c8b7fe3f5c5e", "symbol": "688302", "name": "Hinova Pharmaceuticals Inc.", "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": -55.76, "architecture_energy": 39.5, "architecture_maturity": 67.065, "architecture_confidence": 93.863, "architecture_tenure": "Established", "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": 29.31, "rotation_up": 21.22, "upward_expansion": 4.89, "deceleration": 53.93, "rotation_down": 49.64, "downward_expansion": 75.89 }, "activity_lines": [ 35.488666, 35.880363, 37.943857, 39.465548 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 37.200001, "trend_reference": 41.894, "distance_from_trend": -0.112045, "trend_direction": "Weakening", "fair_value": 40.708525, "distance_from_fair_value": -0.086186, "fair_value_direction": "Weakening", "relative_strength": -19.707126, "relative_strength_direction": "Weakening", "price_momentum": -0.191304, "excess_performance": -0.1481, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.112045, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.096223, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.086186, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.149856, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.197071, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.020599, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.191304, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.26194, "read": "Supply-led" } ], "volume": { "latest": 8228711, "relative_activity": 1.135776, "balance": 0.26194, "dry_up": 1.403078, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.119355, "annualized_volatility": 0.465412, "from_high_reference": -0.48319, "from_low_reference": 0.165049 }, "levels": { "trend_reference": 41.894, "fair_value_reference": 40.708525, "structural_low": 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[ 36.454, 36.519091, 38.942143, 40.44686 ] }, { "date": "2026-07-31", "close": 32.759998, "volume": 6253888, "typical_volume": 7040888.55, "trend": 42.293, "fair_value": 40.780641, "relative_strength": -28.204913, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.264336, "energy": 46.248311, "activity_lines": [ 35.221333, 35.704363, 38.211, 39.794129 ] }, { "date": "2026-08-07", "close": 37.200001, "volume": 8228711, "typical_volume": 7245011.8, "trend": 41.894, "fair_value": 40.708525, "relative_strength": -19.707126, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -55.759542, "energy": 39.500472, "activity_lines": [ 35.488666, 35.880363, 37.943857, 39.465548 ] } ], "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." } } }