{ "ticker": { "uuid": "63df1c28-4160-40a9-bbf9-779212790277", "symbol": "603939", "name": "Yifeng Pharmacy Chain 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": 54.703, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -2.79, "architecture_energy": 18.631, "architecture_maturity": 77.874, "architecture_confidence": 67.16, "architecture_tenure": "Established", "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": 56.71, "rotation_up": 44.32, "upward_expansion": 35.15, "deceleration": 44.17, "rotation_down": 14.93, "downward_expansion": 41.15 }, "activity_lines": [ 21.918667, 21.088014, 21.076577, 21.645017 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 22.15, "trend_reference": 22.334172, "distance_from_trend": -0.008246, "trend_direction": "Weakening", "fair_value": 26.88679, "distance_from_fair_value": -0.176175, "fair_value_direction": "Improving", "relative_strength": -3.094111, "relative_strength_direction": "Improving", "price_momentum": -0.072834, "excess_performance": -0.02963, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.008246, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.035942, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.176175, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.04804, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.030941, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.144375, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.072834, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.876529, "read": "Demand-led" } ], "volume": { "latest": 68212452, "relative_activity": 1.472794, "balance": 1.876529, "dry_up": 1.4609, "accumulation_observations": 6, "distribution_observations": 2 }, "risk": { "range_context": 0.078149, "annualized_volatility": 0.357884, "from_high_reference": -0.166039, "from_low_reference": 0.219714 }, "levels": { "trend_reference": 22.334172, "fair_value_reference": 26.88679, "structural_low": 18.16, "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": 29, "median_return": -0.005023, "positive_rate": 0.482759, "directional_follow_through": 0.517241, "median_excess_return": 0.00836, "regime_survival": 0.758621, "best_return": 0.307042, "worst_return": -0.155327, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.063001, "positive_rate": 0.777778, "directional_follow_through": 0.222222, "median_excess_return": 0.077308, "regime_survival": 0.222222, "best_return": 0.403043, "worst_return": -0.310166, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.042365, "positive_rate": 0.833333, "directional_follow_through": 0.166667, "median_excess_return": 0.065953, "regime_survival": 0.166667, "best_return": 0.148986, "worst_return": -0.032133, "sufficient": true }, { 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"modifier": "Established contraction", "gate": "down", "direction": -54.59563, "energy": 39.026282, "activity_lines": [ 20.021085, 20.052927, 20.936984, 21.664233 ] }, { "date": "2026-07-24", "close": 21.780001, "volume": 66904497, "typical_volume": 44766845.55, "trend": 22.311839, "fair_value": 27.047907, "relative_strength": -2.182159, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.083627, "energy": 19.877054, "activity_lines": [ 20.71, 20.323104, 20.93234, 21.628996 ] }, { "date": "2026-07-31", "close": 22.73, "volume": 54697645, "typical_volume": 45259805.6, "trend": 22.319839, "fair_value": 26.970119, "relative_strength": 1.868608, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -8.594399, "energy": 17.258019, "activity_lines": [ 21.562667, 20.78003, 21.027649, 21.655974 ] }, { "date": "2026-08-07", "close": 22.15, "volume": 68212452, "typical_volume": 46315013.35, "trend": 22.334172, "fair_value": 26.88679, "relative_strength": -3.094111, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -2.790479, "energy": 18.6309, "activity_lines": [ 21.918667, 21.088014, 21.076577, 21.645017 ] } ], "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." } } }