{
  "ticker": {
    "uuid": "6f0bc94d-0011-480b-afee-e360044415a2",
    "symbol": "600444",
    "name": "Sinomach General Machinery Science & Technology 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": "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": -64.675,
    "architecture_energy": 62.805,
    "architecture_maturity": 85.247,
    "architecture_confidence": 96,
    "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": 8.05,
        "rotation_up": 27.03,
        "upward_expansion": 12.0,
        "deceleration": 60.55,
        "rotation_down": 55.3,
        "downward_expansion": 85.33
      },
      "activity_lines": [
        12.818115,
        12.970693,
        14.115556,
        15.112957
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 13.44,
    "trend_reference": 16.412329,
    "distance_from_trend": -0.181103,
    "trend_direction": "Weakening",
    "fair_value": 15.117279,
    "distance_from_fair_value": -0.110951,
    "fair_value_direction": "Weakening",
    "relative_strength": -21.742704,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.259912,
    "excess_performance": -0.216708,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.181103,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.10553,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.110951,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.275302,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.217427,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.111053,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.259912,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.288742,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 12813256,
      "relative_activity": 1.176444,
      "balance": 0.288742,
      "dry_up": 1.102686,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.077515,
      "annualized_volatility": 0.307728,
      "from_high_reference": -0.37749,
      "from_low_reference": 0.156632
    },
    "levels": {
      "trend_reference": 16.412329,
      "fair_value_reference": 15.117279,
      "structural_low": 11.619945,
      "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": 13,
        "median_return": 0.024444,
        "positive_rate": 0.615385,
        "directional_follow_through": 0.384615,
        "median_excess_return": 0.036249,
        "regime_survival": 0.615385,
        "best_return": 0.226201,
        "worst_return": -0.142943,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "positive_rate": 0.428571,
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        "median_excess_return": 0.021429,
        "regime_survival": 0.285714,
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        "worst_return": -0.300141,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.150209,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
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        "worst_return": -0.069416,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
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        "worst_return": 0.045188,
        "sufficient": false
      }
    ],
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      },
      {
        "regime": "upward_expansion",
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        "tenure": "Developing",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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      },
      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-07-24",
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        "fair_value": 15.118864,
        "relative_strength": -29.269603,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 12.91,
        "volume": 10814350,
        "typical_volume": 11038704.1,
        "trend": 16.575329,
        "fair_value": 15.115621,
        "relative_strength": -23.201666,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.414752,
        "energy": 66.295829,
        "activity_lines": [
          12.569915,
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      },
      {
        "date": "2026-08-07",
        "close": 13.44,
        "volume": 12813256,
        "typical_volume": 10891516.9,
        "trend": 16.412329,
        "fair_value": 15.117279,
        "relative_strength": -21.742704,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -64.675456,
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        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}