{ "ticker": { "uuid": "5f04017c-074f-4299-acd8-853c133f9771", "symbol": "603232", "name": "Koal Software 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": "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": -63.464, "architecture_energy": 56.922, "architecture_maturity": 75.79, "architecture_confidence": 86.84, "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": 8.4, "rotation_up": 25.26, "upward_expansion": 9.64, "deceleration": 60.52, "rotation_down": 55.55, "downward_expansion": 82.98 }, "activity_lines": [ 14.663333, 14.798, 16.301095, 17.745893 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 15.55, "trend_reference": 19.822667, "distance_from_trend": -0.215544, "trend_direction": "Weakening", "fair_value": 15.21626, "distance_from_fair_value": 0.021933, "fair_value_direction": "Weakening", "relative_strength": -20.201332, "relative_strength_direction": "Weakening", "price_momentum": -0.325964, "excess_performance": -0.282761, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.215544, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.125586, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.021933, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.287805, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.202013, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.141403, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.325964, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 2.69265, "read": "Demand-led" } ], "volume": { "latest": 62373818, "relative_activity": 1.633121, "balance": 2.69265, "dry_up": 1.30838, "accumulation_observations": 4, "distribution_observations": 0 }, "risk": { "range_context": 0.112144, "annualized_volatility": 0.565987, "from_high_reference": -0.488319, "from_low_reference": 0.254032 }, "levels": { "trend_reference": 19.822667, "fair_value_reference": 15.21626, "structural_low": 12.4, 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-84.974661, "energy": 92.504923, "activity_lines": [ 14.438, 15.703636, 17.311, 18.845484 ] }, { "date": "2026-07-24", "close": 12.92, "volume": 28000327, "typical_volume": 39071210.35, "trend": 20.322667, "fair_value": 15.190945, "relative_strength": -31.821264, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -81.57433, "energy": 89.122955, "activity_lines": [ 13.804, 14.984545, 16.755524, 18.348602 ] }, { "date": "2026-07-31", "close": 15.5, "volume": 76812818, "typical_volume": 37665962.35, "trend": 20.069333, "fair_value": 15.201599, "relative_strength": -18.402767, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.338218, "energy": 63.708851, "activity_lines": [ 14.249333, 14.845455, 16.507191, 18.037462 ] }, { "date": "2026-08-07", "close": 15.55, "volume": 62373818, "typical_volume": 38193012.6, "trend": 19.822667, "fair_value": 15.21626, "relative_strength": -20.201332, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.46435, "energy": 56.921628, "activity_lines": [ 14.663333, 14.798, 16.301095, 17.745893 ] } ], "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." } } }