{ "ticker": { "uuid": "6ec9bb4f-29b5-4597-bc2b-a5bf87d2fc62", "symbol": "600332", "name": "Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited", "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": "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": -15.243, "architecture_energy": 18.598, "architecture_maturity": 100.0, "architecture_confidence": 67.814, "architecture_tenure": "Extended", "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": 56.14, "rotation_up": 34.74, "upward_expansion": 26.56, "deceleration": 50.16, "rotation_down": 17.9, "downward_expansion": 46.22 }, "activity_lines": [ 21.802667, 21.493249, 21.491604, 22.043 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 21.5, "trend_reference": 22.913594, "distance_from_trend": -0.061692, "trend_direction": "Weakening", "fair_value": 26.299023, "distance_from_fair_value": -0.182479, "fair_value_direction": "Weakening", "relative_strength": -10.840488, "relative_strength_direction": "Improving", "price_momentum": -0.148515, "excess_performance": -0.105311, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.061692, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.065807, "read": "Falling" 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"structural_low": 19.76, "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": 26, "median_return": 0.000997, "positive_rate": 0.538462, "directional_follow_through": 0.461538, "median_excess_return": 0.004909, "regime_survival": 0.807692, "best_return": 0.166599, "worst_return": -0.111907, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.001388, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": -0.034458, "regime_survival": 0.444444, "best_return": 0.19581, "worst_return": -0.120292, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.010891, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.046441, "regime_survival": 0.333333, "best_return": 0.163545, "worst_return": -0.138811, "sufficient": 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60.526536, "activity_lines": [ 20.888097, 20.976399, 21.596658, 22.393476 ] }, { "date": "2026-07-17", "close": 22.18, "volume": 85665791, "typical_volume": 42203457.15, "trend": 23.312261, "fair_value": 26.442939, "relative_strength": -5.337175, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.360167, "energy": 40.142871, "activity_lines": [ 21.330001, 21.160162, 21.574859, 22.312148 ] }, { "date": "2026-07-24", "close": 21.59, "volume": 67228953, "typical_volume": 42326069.55, "trend": 23.174595, "fair_value": 26.393585, "relative_strength": -8.554211, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.311145, "energy": 26.015678, "activity_lines": [ 21.512667, 21.238284, 21.511679, 22.201034 ] }, { "date": "2026-07-31", "close": 22.280001, "volume": 55258723, "typical_volume": 42645836.7, "trend": 23.054928, "fair_value": 26.349252, "relative_strength": -5.619343, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -22.502437, "energy": 24.278666, "activity_lines": [ 21.871334, 21.446562, 21.531213, 22.143318 ] }, { "date": "2026-08-07", "close": 21.5, "volume": 53507954, "typical_volume": 42945722.45, "trend": 22.913594, "fair_value": 26.299023, "relative_strength": -10.840488, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -15.24329, "energy": 18.598331, "activity_lines": [ 21.802667, 21.493249, 21.491604, 22.043 ] } ], "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." } } }