{ "ticker": { "uuid": "60d32ced-7c5e-45a1-81b5-748dbe60db62", "symbol": "688111", "name": "Beijing Kingsoft Office Software, 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": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 84.555, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": 7.967, "architecture_energy": 21.737, "architecture_maturity": 33.142, "architecture_confidence": 61.385, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 56.97, "rotation_up": 43.62, "upward_expansion": 33.6, "deceleration": 47.22, "rotation_down": 14.21, "downward_expansion": 41.93 }, "activity_lines": [ 251.207993, 236.840165, 235.811107, 243.43757 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 265.649994, "trend_reference": 261.911625, "distance_from_trend": 0.014273, "trend_direction": "Weakening", "fair_value": 285.556287, "distance_from_fair_value": -0.069711, "fair_value_direction": "Improving", "relative_strength": -5.363588, "relative_strength_direction": "Improving", "price_momentum": -0.211347, "excess_performance": -0.168143, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.014273, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.097591, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.069711, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.041353, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.053636, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.111746, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.211347, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.715721, "read": "Supply-led" } ], "volume": { "latest": 90326091, "relative_activity": 2.408622, "balance": 0.715721, "dry_up": 1.853108, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.092213, "annualized_volatility": 0.455049, "from_high_reference": -0.35988, "from_low_reference": 0.335958 }, "levels": { "trend_reference": 261.911625, "fair_value_reference": 285.556287, "structural_low": 198.84612, "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": 15, "median_return": -0.054001, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.061378, "regime_survival": 0.4, "best_return": 0.253812, "worst_return": -0.200757, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.122381, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.12252, "regime_survival": 0.0, "best_return": 0.144289, "worst_return": -0.269417, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.162875, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.225417, "regime_survival": 0.2, "best_return": 0.191018, "worst_return": 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263.292292, "fair_value": 286.565207, "relative_strength": -1.764486, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -3.990233, "energy": 14.910249, "activity_lines": [ 240.33266, 229.701693, 233.034816, 243.28546 ] }, { "date": "2026-08-07", "close": 265.649994, "volume": 90326091, "typical_volume": 37501147.1, "trend": 261.911625, "fair_value": 285.556287, "relative_strength": -5.363588, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 7.966796, "energy": 21.737234, "activity_lines": [ 251.207993, 236.840165, 235.811107, 243.43757 ] } ], "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." } } }