{ "ticker": { "uuid": "68c4a111-fb56-4d31-a17b-b41ee3de5c24", "symbol": "601298", "name": "Qingdao Port International 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 50.606, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -18.05, "architecture_energy": 20.942, "architecture_maturity": 61.339, "architecture_confidence": 44.145, "architecture_tenure": "New", "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": 50.49, "rotation_up": 41.45, "upward_expansion": 26.32, "deceleration": 41.24, "rotation_down": 22.38, "downward_expansion": 51.32 }, "activity_lines": [ 8.782, 8.612727, 8.710238, 8.776731 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 8.88, "trend_reference": 8.837, "distance_from_trend": 0.004866, "trend_direction": "Improving", "fair_value": 7.918, "distance_from_fair_value": 0.121495, "fair_value_direction": "Weakening", "relative_strength": 3.048667, "relative_strength_direction": "Improving", "price_momentum": -0.068206, "excess_performance": -0.025002, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.004866, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.006267, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.121495, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.041746, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.030487, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.081809, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.068206, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.453417, "read": "Demand-led" } ], "volume": { "latest": 55138494, "relative_activity": 1.059829, "balance": 1.453417, "dry_up": 1.396764, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.04825, "annualized_volatility": 0.224489, "from_high_reference": -0.108434, "from_low_reference": 0.119798 }, "levels": { "trend_reference": 8.837, "fair_value_reference": 7.918, "structural_low": 7.93, "invalidation": "A decisive 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"stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.364515, "energy": 53.154999, "activity_lines": [ 8.404667, 8.503455, 8.671143, 8.757183 ] }, { "date": "2026-07-31", "close": 9.04, "volume": 77288638, "typical_volume": 51949975.85, "trend": 8.819, "fair_value": 7.898113, "relative_strength": 7.769958, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -20.09688, "energy": 11.999717, "activity_lines": [ 8.650667, 8.573818, 8.69819, 8.772796 ] }, { "date": "2026-08-07", "close": 8.88, "volume": 55138494, "typical_volume": 52025841.2, "trend": 8.837, "fair_value": 7.918, "relative_strength": 3.048667, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -18.050161, "energy": 20.941648, "activity_lines": [ 8.782, 8.612727, 8.710238, 8.776731 ] } ], "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." } } }