{ "ticker": { "uuid": "64c13968-a2b0-41fb-8fcc-fbbe05f3bc9f", "symbol": "002038", "name": "Beijing SL Pharmaceutical Co., 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": "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": "Established contraction", "architecture_gate": "down", "architecture_direction": -39.839, "architecture_energy": 26.087, "architecture_maturity": 45.168, "architecture_confidence": 67.721, "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": 39.09, "rotation_up": 21.77, "upward_expansion": 9.03, "deceleration": 61.9, "rotation_down": 38.79, "downward_expansion": 65.7 }, "activity_lines": [ 5.736498, 5.730076, 5.906093, 6.131064 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 5.91, "trend_reference": 6.464918, "distance_from_trend": -0.085835, "trend_direction": "Weakening", "fair_value": 7.71537, "distance_from_fair_value": -0.233997, "fair_value_direction": "Weakening", "relative_strength": -18.451153, "relative_strength_direction": "Improving", "price_momentum": -0.229465, "excess_performance": -0.236865, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.085835, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.094296, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.233997, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.0444, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.184512, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.101273, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.229465, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.225762, "read": "Supply-led" } ], "volume": { "latest": 149635725, "relative_activity": 0.560665, "balance": 0.225762, "dry_up": 1.041543, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.121958, "annualized_volatility": 0.732793, "from_high_reference": -0.371277, "from_low_reference": 0.193939 }, "levels": { "trend_reference": 6.464918, "fair_value_reference": 7.71537, "structural_low": 4.95, "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": 22, "median_return": 0.014936, "positive_rate": 0.590909, "directional_follow_through": 0.409091, "median_excess_return": -0.012155, "regime_survival": 0.772727, "best_return": 0.21659, "worst_return": -0.168576, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.025009, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.057462, "regime_survival": 0.5, "best_return": 0.078176, "worst_return": -0.146239, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.035294, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.132623, "regime_survival": 0.2, "best_return": 0.191097, "worst_return": -0.230479, "sufficient": true }, { "horizon": "Full cycle", 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"relative_strength": -18.257339, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.12408, "energy": 20.642888, "activity_lines": [ 5.950609, 5.788487, 6.103153, 6.321478 ] }, { "date": "2026-07-24", "close": 5.29, "volume": 230117931, "typical_volume": 257827877.5, "trend": 6.585918, "fair_value": 7.764151, "relative_strength": -25.978784, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -50.918327, "energy": 27.653189, "activity_lines": [ 5.795441, 5.698532, 6.003403, 6.232322 ] }, { "date": "2026-07-31", "close": 5.62, "volume": 173486363, "typical_volume": 263107873.5, "trend": 6.513584, "fair_value": 7.737986, "relative_strength": -19.331258, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.702652, "energy": 24.312339, "activity_lines": [ 5.736272, 5.683486, 5.9397, 6.170005 ] }, { "date": "2026-08-07", "close": 5.91, "volume": 149635725, "typical_volume": 266889894.6, "trend": 6.464918, "fair_value": 7.71537, "relative_strength": -18.451153, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.839236, "energy": 26.087363, "activity_lines": [ 5.736498, 5.730076, 5.906093, 6.131064 ] } ], "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." } } }