{ "ticker": { "uuid": "5fb2036f-282f-4361-8df3-b50454964af0", "symbol": "600468", "name": "Tianjin Benefo Tejing Electric 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -47.374, "architecture_energy": 41.218, "architecture_maturity": 72.244, "architecture_confidence": 57.396, "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": 25.93, "rotation_up": 27.06, "upward_expansion": 18.58, "deceleration": 66.96, "rotation_down": 38.58, "downward_expansion": 66.25 }, "activity_lines": [ 5.683333, 5.593559, 6.066863, 6.548058 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 6.24, "trend_reference": 7.057985, "distance_from_trend": -0.115895, "trend_direction": "Weakening", "fair_value": 5.687831, "distance_from_fair_value": 0.097079, "fair_value_direction": "Weakening", "relative_strength": -9.254553, "relative_strength_direction": "Weakening", "price_momentum": -0.130919, "excess_performance": -0.087715, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.115895, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.050325, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.097079, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.287539, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.092546, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.088343, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.130919, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.037891, "read": "Demand-led" } ], "volume": { "latest": 399150762, "relative_activity": 2.347354, "balance": 1.037891, "dry_up": 1.231222, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.103204, "annualized_volatility": 0.510819, "from_high_reference": -0.4, "from_low_reference": 0.286598 }, "levels": { "trend_reference": 7.057985, "fair_value_reference": 5.687831, "structural_low": 4.85, "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": 17, "median_return": -0.006849, "positive_rate": 0.470588, "directional_follow_through": 0.529412, "median_excess_return": 0.01853, "regime_survival": 0.764706, "best_return": 0.224868, "worst_return": -0.138996, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.068084, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": 0.054346, "regime_survival": 0.428571, "best_return": 0.296852, "worst_return": -0.166322, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.054556, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.059157, "regime_survival": 0.2, "best_return": 0.25062, "worst_return": -0.171554, "sufficient": true }, { "horizon": "Full 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-26.264858, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.329495, "energy": 90.123082, "activity_lines": [ 5.477745, 5.84389, 6.60214, 6.957925 ] }, { "date": "2026-07-17", "close": 5.06, "volume": 94728551, "typical_volume": 211882785.35, "trend": 7.193985, "fair_value": 5.671508, "relative_strength": -23.984803, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.968408, "energy": 90.477059, "activity_lines": [ 5.318404, 5.62608, 6.397428, 6.816786 ] }, { "date": "2026-07-24", "close": 5.36, "volume": 162080042, "typical_volume": 194937019.8, "trend": 7.134652, "fair_value": 5.674022, "relative_strength": -20.078774, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.560794, "energy": 72.926127, "activity_lines": [ 5.302532, 5.511724, 6.23424, 6.698464 ] }, { "date": "2026-07-31", "close": 5.65, "volume": 181482978, "typical_volume": 175314763.8, "trend": 7.086652, "fair_value": 5.678495, "relative_strength": -15.756486, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.139856, "energy": 60.977101, "activity_lines": [ 5.406795, 5.488096, 6.114718, 6.60268 ] }, { "date": "2026-08-07", "close": 6.24, "volume": 399150762, "typical_volume": 170042874.75, "trend": 7.057985, "fair_value": 5.687831, "relative_strength": -9.254553, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -47.374269, "energy": 41.218173, "activity_lines": [ 5.683333, 5.593559, 6.066863, 6.548058 ] } ], "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." } } }