{ "ticker": { "uuid": "61ca68b0-d360-4253-8897-12d2c7c643e2", "symbol": "301283", "name": "Focus Hotmelt Company Ltd.", "exchange": "SHZ", "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": "399001.SZ", "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": "Established contraction", "architecture_gate": "down", "architecture_direction": -62.433, "architecture_energy": 53.368, "architecture_maturity": 44.362, "architecture_confidence": 96, "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": 10.3, "rotation_up": 24.56, "upward_expansion": 8.8, "deceleration": 56.0, "rotation_down": 54.57, "downward_expansion": 82.13 }, "activity_lines": [ 24.733333, 24.982364, 26.745101, 28.015879 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 25.82, "trend_reference": 29.793661, "distance_from_trend": -0.133373, "trend_direction": "Weakening", "fair_value": 22.37318, "distance_from_fair_value": 0.15406, "fair_value_direction": "Weakening", "relative_strength": -15.283471, "relative_strength_direction": "Weakening", "price_momentum": -0.242171, "excess_performance": -0.24957, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.133373, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.052487, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.15406, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.326483, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.152835, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.101734, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.242171, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.344211, "read": "Supply-led" } ], "volume": { "latest": 5593847, "relative_activity": 0.836387, "balance": 0.344211, "dry_up": 0.990504, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.078823, "annualized_volatility": 0.366636, "from_high_reference": -0.383071, "from_low_reference": 0.123097 }, "levels": { "trend_reference": 29.793661, "fair_value_reference": 22.37318, "structural_low": 22.99, 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-19.350239, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.814931, "energy": 83.742373, "activity_lines": [ 24.736667, 25.76685, 27.885254, 29.068869 ] }, { "date": "2026-07-24", "close": 23.6, "volume": 8189238, "typical_volume": 6741975.9, "trend": 30.185862, "fair_value": 22.332321, "relative_strength": -20.319678, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.519249, "energy": 80.15347, "activity_lines": [ 24.162667, 25.148909, 27.35797, 28.628669 ] }, { "date": "2026-07-31", "close": 24.85, "volume": 6187261, "typical_volume": 6698414.6, "trend": 29.98238, "fair_value": 22.348528, "relative_strength": -14.486375, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.329217, "energy": 71.226998, "activity_lines": [ 24.283333, 24.925273, 26.988363, 28.28442 ] }, { "date": "2026-08-07", "close": 25.82, "volume": 5593847, "typical_volume": 6688108.9, "trend": 29.793661, "fair_value": 22.37318, "relative_strength": -15.283471, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.432547, "energy": 53.368246, "activity_lines": [ 24.733333, 24.982364, 26.745101, 28.015879 ] } ], "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." } } }