{
  "ticker": {
    "uuid": "5f60941d-21cc-4c4f-bd48-ac8bb79125c5",
    "symbol": "601615",
    "name": "Ming Yang Smart Energy Group 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -61.762,
    "architecture_energy": 56.174,
    "architecture_maturity": 64.803,
    "architecture_confidence": 90.886,
    "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": 13.81,
        "rotation_up": 26.69,
        "upward_expansion": 10.12,
        "deceleration": 59.62,
        "rotation_down": 50.29,
        "downward_expansion": 81.12
      },
      "activity_lines": [
        11.148667,
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        12.74375,
        14.326311
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 11.6,
    "trend_reference": 16.455991,
    "distance_from_trend": -0.29509,
    "trend_direction": "Weakening",
    "fair_value": 12.476104,
    "distance_from_fair_value": -0.070223,
    "fair_value_direction": "Weakening",
    "relative_strength": -24.105977,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.5,
    "excess_performance": -0.456796,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.29509,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.05005,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.070223,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.371669,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.24106,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.27382,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.5,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.753405,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 258455382,
      "relative_activity": 0.739177,
      "balance": 0.753405,
      "dry_up": 0.858697,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.147696,
      "annualized_volatility": 0.556531,
      "from_high_reference": -0.568773,
      "from_low_reference": 0.194645
    },
    "levels": {
      "trend_reference": 16.455991,
      "fair_value_reference": 12.476104,
      "structural_low": 9.71,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 25,
        "median_return": -0.044986,
        "positive_rate": 0.36,
        "directional_follow_through": 0.64,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "sufficient": true
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      {
        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
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      {
        "regime": "balance",
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      {
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        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 367806653.15,
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        "fair_value": 12.536095,
        "relative_strength": -26.124211,
        "stage": 4,
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        "modifier": "Early contraction",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 11.15,
        "volume": 227520970,
        "typical_volume": 356975561.65,
        "trend": 16.551991,
        "fair_value": 12.502696,
        "relative_strength": -25.079838,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.291296,
        "energy": 61.225458,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 11.6,
        "volume": 258455382,
        "typical_volume": 349652926.75,
        "trend": 16.455991,
        "fair_value": 12.476104,
        "relative_strength": -24.105977,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.762035,
        "energy": 56.174464,
        "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."
    }
  }
}