{ "ticker": { "uuid": "698805a5-636b-43d4-8d40-767467a63946", "symbol": "600101", "name": "Sichuan Mingxing Electric Power 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -58.516, "architecture_energy": 45.444, "architecture_maturity": 52.674, "architecture_confidence": 85.968, "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": 17.46, "rotation_up": 23.8, "upward_expansion": 7.1, "deceleration": 60.49, "rotation_down": 48.75, "downward_expansion": 78.1 }, "activity_lines": [ 8.134296, 8.204051, 8.744113, 9.120952 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 8.23, "trend_reference": 9.525606, "distance_from_trend": -0.136013, "trend_direction": "Weakening", "fair_value": 8.623554, "distance_from_fair_value": -0.045637, "fair_value_direction": "Weakening", "relative_strength": -13.23682, "relative_strength_direction": "Weakening", "price_momentum": -0.176218, "excess_performance": -0.133015, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.136013, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.031537, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.045637, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.233163, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.132368, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.049495, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.176218, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.543554, "read": "Supply-led" } ], "volume": { "latest": 81401366, "relative_activity": 0.786036, "balance": 0.543554, "dry_up": 1.023909, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.09214, "annualized_volatility": 0.431888, "from_high_reference": -0.292955, "from_low_reference": 0.092219 }, "levels": { "trend_reference": 9.525606, "fair_value_reference": 8.623554, "structural_low": 7.535122, "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": 17, "median_return": 0.034254, "positive_rate": 0.588235, "directional_follow_through": 0.411765, "median_excess_return": 0.017014, "regime_survival": 0.705882, "best_return": 0.07906, "worst_return": -0.103359, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.038026, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.019826, "regime_survival": 0.166667, "best_return": 0.212466, "worst_return": -0.080808, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.052929, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.004872, "regime_survival": 0.25, "best_return": 0.410794, "worst_return": -0.127208, "sufficient": false }, { "horizon": "Full 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"relative_strength": -9.065685, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.201728, "energy": 80.612505, "activity_lines": [ 8.161384, 8.605995, 9.115893, 9.414831 ] }, { "date": "2026-07-24", "close": 7.862305, "volume": 187714532, "typical_volume": 115156794.05, "trend": 9.597497, "fair_value": 8.606562, "relative_strength": -15.410046, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.160756, "energy": 75.805455, "activity_lines": [ 8.0487, 8.397472, 8.955866, 9.300041 ] }, { "date": "2026-07-31", "close": 8.15, "volume": 68371262, "typical_volume": 106713498.9, "trend": 9.558392, "fair_value": 8.614029, "relative_strength": -12.200473, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.321705, "energy": 52.703926, "activity_lines": [ 8.087093, 8.279761, 8.839418, 9.206654 ] }, { "date": "2026-08-07", "close": 8.23, "volume": 81401366, "typical_volume": 103559286.1, "trend": 9.525606, "fair_value": 8.623554, "relative_strength": -13.23682, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.515627, "energy": 45.443854, "activity_lines": [ 8.134296, 8.204051, 8.744113, 9.120952 ] } ], "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." } } }