{ "ticker": { "uuid": "685f9973-4c62-4fad-92ef-d7708a345a44", "symbol": "600079", "name": "Humanwell Healthcare (Group) 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": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 79.002, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -27.313, "architecture_energy": 18.454, "architecture_maturity": 90.94, "architecture_confidence": 75.098, "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": 37.77, "rotation_up": 30.77, "upward_expansion": 22.14, "deceleration": 44.03, "rotation_down": 21.82, "downward_expansion": 56.14 }, "activity_lines": [ 17.365873, 17.154776, 17.406342, 17.754519 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 17.950001, "trend_reference": 18.136364, "distance_from_trend": -0.010276, "trend_direction": "Weakening", "fair_value": 20.126474, "distance_from_fair_value": -0.10814, "fair_value_direction": "Improving", "relative_strength": -5.445795, "relative_strength_direction": "Improving", "price_momentum": -0.023395, "excess_performance": 0.019809, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.010276, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.040624, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.10814, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.00178, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.054458, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.106855, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.023395, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.474435, "read": "Supply-led" } ], "volume": { "latest": 41525659, "relative_activity": 0.913073, "balance": 0.474435, "dry_up": 1.225947, "accumulation_observations": 2, "distribution_observations": 6 }, "risk": { "range_context": 0.037928, "annualized_volatility": 0.179916, "from_high_reference": -0.241336, "from_low_reference": 0.097859 }, "levels": { "trend_reference": 18.136364, "fair_value_reference": 20.126474, "structural_low": 16.35, "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": 33, "median_return": -0.008593, "positive_rate": 0.393939, "directional_follow_through": 0.606061, "median_excess_return": -0.011197, "regime_survival": 0.818182, "best_return": 0.260188, "worst_return": -0.153765, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.002742, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.009865, "regime_survival": 0.5, "best_return": 0.186255, "worst_return": -0.240116, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.044533, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.06663, "regime_survival": 0.333333, "best_return": 0.059738, "worst_return": -0.155205, "sufficient": true 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"direction": -64.778798, "energy": 68.969991, "activity_lines": [ 16.850182, 17.084531, 17.668677, 18.000914 ] }, { "date": "2026-07-17", "close": 16.982328, "volume": 76072269, "typical_volume": 49484869.9, "trend": 18.271054, "fair_value": 20.253724, "relative_strength": -8.100593, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.889651, "energy": 52.102189, "activity_lines": [ 16.893672, 17.013694, 17.556188, 17.91526 ] }, { "date": "2026-07-24", "close": 16.729296, "volume": 59764550, "typical_volume": 47650403.85, "trend": 18.188031, "fair_value": 20.199446, "relative_strength": -10.02823, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.411892, "energy": 46.507272, "activity_lines": [ 16.875329, 16.923719, 17.433113, 17.815791 ] }, { "date": "2026-07-31", "close": 17.43, "volume": 45657055, "typical_volume": 46679500.3, "trend": 18.141697, "fair_value": 20.159126, "relative_strength": -6.158472, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.871083, "energy": 34.674277, "activity_lines": [ 17.069267, 16.987884, 17.390966, 17.766886 ] }, { "date": "2026-08-07", "close": 17.950001, "volume": 41525659, "typical_volume": 45479035.2, "trend": 18.136364, "fair_value": 20.126474, "relative_strength": -5.445795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -27.313444, "energy": 18.453743, "activity_lines": [ 17.365873, 17.154776, 17.406342, 17.754519 ] } ], "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." } } }