{ "ticker": { "uuid": "610bbe0d-df19-4e62-99ff-b72522555ccf", "symbol": "688351", "name": "Shanghai MicroPort EP MedTech 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": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -62.397, "architecture_energy": 69.816, "architecture_maturity": 19.064, "architecture_confidence": 82.584, "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": 19.52, "rotation_up": 9.79, "upward_expansion": 15.52, "deceleration": 37.62, "rotation_down": 71.17, "downward_expansion": 88.85 }, "activity_lines": [ 20.044666, 20.846362, 22.279038, 22.701792 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 20.709999, "trend_reference": 23.356318, "distance_from_trend": -0.113302, "trend_direction": "Weakening", "fair_value": 21.975318, "distance_from_fair_value": -0.057579, "fair_value_direction": "Weakening", "relative_strength": -10.237685, "relative_strength_direction": "Weakening", "price_momentum": -0.141732, "excess_performance": -0.098528, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.113302, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.026319, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.057579, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.204097, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.102377, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.110525, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.141732, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.971222, "read": "Supply-led" } ], "volume": { "latest": 17236440, "relative_activity": 0.711369, "balance": 0.971222, "dry_up": 0.918855, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.105452, "annualized_volatility": 0.396307, "from_high_reference": -0.266533, "from_low_reference": 0.109266 }, "levels": { "trend_reference": 23.356318, "fair_value_reference": 21.975318, 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"typical_volume": 23825488.6, "trend": 23.571985, "fair_value": 21.940189, "relative_strength": -16.013969, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.177336, "energy": 73.739266, "activity_lines": [ 20.394, 21.611705, 22.818605, 23.121124 ] }, { "date": "2026-07-31", "close": 19.799999, "volume": 18470858, "typical_volume": 23989055.1, "trend": 23.437652, "fair_value": 21.953266, "relative_strength": -12.017378, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.868909, "energy": 71.75329, "activity_lines": [ 20.013333, 21.076339, 22.496941, 22.87777 ] }, { "date": "2026-08-07", "close": 20.709999, "volume": 17236440, "typical_volume": 24229955.6, "trend": 23.356318, "fair_value": 21.975318, "relative_strength": -10.237685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.397117, "energy": 69.815989, "activity_lines": [ 20.044666, 20.846362, 22.279038, 22.701792 ] } ], "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." } } }