{ "ticker": { "uuid": "6589c404-ad74-448a-b89d-663ee73d2827", "symbol": "002148", "name": "Beijing Bewinner Communications 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": -56.901, "architecture_energy": 44.535, "architecture_maturity": 92.249, "architecture_confidence": 84.039, "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": 20.07, "rotation_up": 25.41, "upward_expansion": 6.53, "deceleration": 60.13, "rotation_down": 44.57, "downward_expansion": 75.2 }, "activity_lines": [ 6.158, 6.177273, 6.545238, 6.901699 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 6.41, "trend_reference": 7.446333, "distance_from_trend": -0.139174, "trend_direction": "Weakening", "fair_value": 6.70118, "distance_from_fair_value": -0.043452, "fair_value_direction": "Weakening", "relative_strength": -26.975526, "relative_strength_direction": "Weakening", "price_momentum": -0.244104, "excess_performance": -0.251504, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.139174, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.107012, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.043452, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.272908, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.269755, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.054724, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.244104, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.269948, "read": "Supply-led" } ], "volume": { "latest": 90649411, "relative_activity": 1.529418, "balance": 0.269948, "dry_up": 1.636522, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.096844, "annualized_volatility": 0.361322, "from_high_reference": -0.554552, "from_low_reference": 0.163339 }, "levels": { "trend_reference": 7.446333, "fair_value_reference": 6.70118, "structural_low": 5.51, "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": 20, "median_return": 0.021375, "positive_rate": 0.55, "directional_follow_through": 0.45, "median_excess_return": 0.005597, "regime_survival": 0.85, "best_return": 0.373196, "worst_return": -0.196581, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.143339, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.07158, "regime_survival": 0.5, "best_return": 0.490251, "worst_return": -0.132118, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.294312, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.288948, "regime_survival": 0.5, "best_return": 0.572354, "worst_return": -0.405629, "sufficient": false }, { "horizon": "Full cycle", 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"direction": -73.403636, "energy": 59.53665, "activity_lines": [ 6.174, 6.317636, 6.80581, 7.189161 ] }, { "date": "2026-07-24", "close": 5.73, "volume": 78587042, "typical_volume": 53960290.8, "trend": 7.607333, "fair_value": 6.694001, "relative_strength": -32.980149, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -73.625797, "energy": 57.788335, "activity_lines": [ 6.021333, 6.167818, 6.670714, 7.062129 ] }, { "date": "2026-07-31", "close": 6.24, "volume": 96403936, "typical_volume": 56603172.05, "trend": 7.529333, "fair_value": 6.696185, "relative_strength": -25.537798, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.309609, "energy": 50.49927, "activity_lines": [ 6.073333, 6.146545, 6.595667, 6.973914 ] }, { "date": "2026-08-07", "close": 6.41, "volume": 90649411, "typical_volume": 59270538.25, "trend": 7.446333, "fair_value": 6.70118, "relative_strength": -26.975526, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -56.901187, "energy": 44.535172, "activity_lines": [ 6.158, 6.177273, 6.545238, 6.901699 ] } ], "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." } } }