{
  "ticker": {
    "uuid": "5c318e29-217a-4bfa-8434-6fd991e9461d",
    "symbol": "603297",
    "name": "Ningbo Yongxin Optics 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": 51.772,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Structural failure",
    "architecture_gate": "down",
    "architecture_direction": -63.413,
    "architecture_energy": 73.929,
    "architecture_maturity": 15.656,
    "architecture_confidence": 73.353,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 23.37,
        "rotation_up": 8.13,
        "upward_expansion": 16.07,
        "deceleration": 37.3,
        "rotation_down": 75.21,
        "downward_expansion": 89.41
      },
      "activity_lines": [
        97.197335,
        106.685072,
        114.889304,
        115.753694
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 105.160004,
    "trend_reference": 116.288613,
    "distance_from_trend": -0.095698,
    "trend_direction": "Improving",
    "fair_value": 90.460927,
    "distance_from_fair_value": 0.162491,
    "fair_value_direction": "Weakening",
    "relative_strength": -3.98575,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.008149,
    "excess_performance": 0.051353,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.095698,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.040137,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.162491,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.318628,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.039857,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.203464,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.008149,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.027534,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 9622111,
      "relative_activity": 1.211244,
      "balance": 1.027534,
      "dry_up": 1.130035,
      "accumulation_observations": 3,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.143244,
      "annualized_volatility": 0.637485,
      "from_high_reference": -0.312107,
      "from_low_reference": 0.218399
    },
    "levels": {
      "trend_reference": 116.288613,
      "fair_value_reference": 90.460927,
      "structural_low": 86.400002,
      "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": 6,
        "median_return": 0.078164,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.05067,
        "regime_survival": 0.333333,
        "best_return": 0.492752,
        "worst_return": -0.081646,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.031871,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.046791,
        "regime_survival": 0.0,
        "best_return": 0.669966,
        "worst_return": -0.004577,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.191221,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.019396,
        "regime_survival": 0.0,
        "best_return": 0.479383,
        "worst_return": -0.144333,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": 0.24378,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.084253,
        "regime_survival": 0.0,
        "best_return": 0.353229,
        "worst_return": 0.13433,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-10-18",
        "end": "2024-11-08",
        "tenure": "New",
        "return": 0.484026,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-15",
        "end": "2025-03-28",
        "tenure": "Established",
        "return": -0.009242,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-04",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.013951,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-18",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.014647,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-05-23",
        "end": "2025-07-18",
        "tenure": "Developing",
        "return": 0.054609,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-07-25",
        "end": "2025-08-15",
        "tenure": "New",
        "return": 0.064105,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-22",
        "end": "2025-09-12",
        "tenure": "New",
        "return": -0.008563,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-19",
        "end": "2025-10-17",
        "tenure": "Developing",
        "return": -0.231439,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-24",
        "end": "2026-01-09",
        "tenure": "Developing",
        "return": 0.101859,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-01-16",
        "end": "2026-03-27",
        "tenure": "Developing",
        "return": -0.12814,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-03",
        "end": "2026-05-08",
        "tenure": "Developing",
        "return": 0.231875,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-05-15",
        "end": "2026-06-19",
        "tenure": "Developing",
        "return": -0.104215,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-26",
        "end": "2026-07-10",
        "tenure": "New",
        "return": -0.12275,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-17",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.115993,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-07-28",
        "close": 80.223564,
        "volume": 4021353,
        "typical_volume": 3679352.85,
        "trend": 84.343441,
        "fair_value": 71.636756,
        "relative_strength": -11.658918,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 4.074401,
        "energy": 15.931106,
        "activity_lines": [
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      },
      {
        "date": "2023-08-04",
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      },
      {
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      },
      {
        "date": "2023-08-18",
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      },
      {
        "date": "2023-08-25",
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      },
      {
        "date": "2023-09-01",
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      },
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      },
      {
        "date": "2026-04-17",
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      },
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      },
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      },
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 90.231236,
        "relative_strength": 8.685954,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 7531233.3,
        "trend": 117.189613,
        "fair_value": 90.33541,
        "relative_strength": -10.004198,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "mixed",
        "direction": -34.773631,
        "energy": 23.067062,
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        ]
      },
      {
        "date": "2026-07-24",
        "close": 90.269997,
        "volume": 7086293,
        "typical_volume": 7470691.0,
        "trend": 116.824946,
        "fair_value": 90.346446,
        "relative_strength": -14.858948,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -42.472646,
        "energy": 53.099306,
        "activity_lines": [
          105.519999,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 88.010002,
        "volume": 11390152,
        "typical_volume": 7698330.15,
        "trend": 116.293279,
        "fair_value": 90.326227,
        "relative_strength": -17.257731,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -49.10851,
        "energy": 69.728403,
        "activity_lines": [
          96.842,
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          116.47197
        ]
      },
      {
        "date": "2026-08-07",
        "close": 105.160004,
        "volume": 9622111,
        "typical_volume": 7943993.6,
        "trend": 116.288613,
        "fair_value": 90.460927,
        "relative_strength": -3.98575,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -63.412804,
        "energy": 73.928508,
        "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."
    }
  }
}