{
  "ticker": {
    "uuid": "6a8bdf3f-f9c1-42f5-9fb5-ac8436bf19eb",
    "symbol": "600265",
    "name": "Yunnan Jinggu Forestry 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 95.02,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "up",
    "architecture_direction": 18.474,
    "architecture_energy": 13.423,
    "architecture_maturity": 19.472,
    "architecture_confidence": 86.855,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "Directional pressure has compressed into balance.",
        "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base."
      },
      "scores": {
        "balance": 51.68,
        "rotation_up": 28.0,
        "upward_expansion": 44.27,
        "deceleration": 77.15,
        "rotation_down": 33.87,
        "downward_expansion": 33.6
      },
      "activity_lines": [
        21.756666,
        22.045454,
        22.260571,
        21.905634
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 22.83,
    "trend_reference": 21.341667,
    "distance_from_trend": 0.069738,
    "trend_direction": "Improving",
    "fair_value": 18.125641,
    "distance_from_fair_value": 0.259542,
    "fair_value_direction": "Weakening",
    "relative_strength": 7.516136,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.13244,
    "excess_performance": 0.175644,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.069738,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.032228,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.259542,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.063532,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.075161,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.012088,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.13244,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.43944,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 3779880,
      "relative_activity": 0.993375,
      "balance": 0.43944,
      "dry_up": 0.874752,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.109606,
      "annualized_volatility": 0.489097,
      "from_high_reference": -0.192716,
      "from_low_reference": 0.338218
    },
    "levels": {
      "trend_reference": 21.341667,
      "fair_value_reference": 18.125641,
      "structural_low": 19.18,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 15,
        "median_return": 0.020229,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.003157,
        "regime_survival": 0.666667,
        "best_return": 0.16193,
        "worst_return": -0.158443,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.01403,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.014981,
        "regime_survival": 0.285714,
        "best_return": 0.170201,
        "worst_return": -0.201956,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.018007,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.064221,
        "regime_survival": 0.0,
        "best_return": 0.209978,
        "worst_return": -0.303455,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": 0.048537,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.038175,
        "regime_survival": 0.75,
        "best_return": 0.47873,
        "worst_return": -0.254882,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-05-03",
        "end": "2024-05-17",
        "tenure": "New",
        "return": 0.005178,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-05-24",
        "end": "2024-06-07",
        "tenure": "New",
        "return": -0.130122,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-06-14",
        "end": "2024-10-25",
        "tenure": "Established",
        "return": 0.046196,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-11-01",
        "end": "2024-12-06",
        "tenure": "Developing",
        "return": 0.179712,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-13",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": -0.062937,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-03-21",
        "tenure": "Developing",
        "return": -0.1019,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-03-28",
        "end": "2025-04-04",
        "tenure": "New",
        "return": 0.16229,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-11",
        "end": "2025-07-11",
        "tenure": "Established",
        "return": 0.033991,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2025-10-24",
        "tenure": "Established",
        "return": 0.087394,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-31",
        "end": "2026-01-23",
        "tenure": "Established",
        "return": 0.001,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-01-30",
        "end": "2026-03-20",
        "tenure": "Developing",
        "return": 0.035714,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "return": 0.126754,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "return": -0.01422,
        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "New",
        "return": 0.114202,
        "active": true
      }
    ],
    "chart_path": [
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      },
      {
        "date": "2026-05-01",
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      },
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        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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      },
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        "date": "2026-06-12",
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      },
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      },
      {
        "date": "2026-06-26",
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        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
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        "direction": 31.583193,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 3368473.0,
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        "fair_value": 17.954615,
        "relative_strength": 11.287505,
        "stage": 2,
        "regime": "upward_expansion",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 22.190001,
        "volume": 6680354,
        "typical_volume": 3637435.65,
        "trend": 21.210333,
        "fair_value": 17.993974,
        "relative_strength": 3.515846,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 31.389841,
        "energy": 17.729661,
        "activity_lines": [
          22.533333,
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      },
      {
        "date": "2026-07-17",
        "close": 21.49,
        "volume": 3500493,
        "typical_volume": 3731697.85,
        "trend": 21.234667,
        "fair_value": 18.026859,
        "relative_strength": 6.301268,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 22.714792,
        "energy": 14.634166,
        "activity_lines": [
          22.168,
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          22.344619,
          21.841011
        ]
      },
      {
        "date": "2026-07-24",
        "close": 20.49,
        "volume": 3740953,
        "typical_volume": 3825113.8,
        "trend": 21.223333,
        "fair_value": 18.052051,
        "relative_strength": 0.014052,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 11.91595,
        "energy": 10.02572,
        "activity_lines": [
          21.609333,
          22.244182,
          22.219429,
          21.792968
        ]
      },
      {
        "date": "2026-07-31",
        "close": 21.389999,
        "volume": 2292710,
        "typical_volume": 3877824.25,
        "trend": 21.250333,
        "fair_value": 18.084231,
        "relative_strength": 3.796176,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 7.730071,
        "energy": 13.136602,
        "activity_lines": [
          21.457333,
          22.024727,
          22.175476,
          21.80372
        ]
      },
      {
        "date": "2026-08-07",
        "close": 22.83,
        "volume": 3779880,
        "typical_volume": 3805088.65,
        "trend": 21.341667,
        "fair_value": 18.125641,
        "relative_strength": 7.516136,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 18.473876,
        "energy": 13.423304,
        "activity_lines": [
          21.756666,
          22.045454,
          22.260571,
          21.905634
        ]
      }
    ],
    "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."
    }
  }
}