{
  "ticker": {
    "uuid": "745d12aa-9eaa-4e54-8251-46f432228e51",
    "symbol": "300656",
    "name": "Shenzhen MinDe Electronics Technology Ltd.",
    "exchange": "SHZ",
    "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": "399001.SZ",
    "stage": 1,
    "stage_name": "Basing",
    "phase": "1b",
    "phase_label": "Stage 1B \u00b7 Basing",
    "transition": "stage_1_building",
    "transition_label": "Base still building",
    "confidence": 78.736,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "mixed",
    "architecture_direction": -19.637,
    "architecture_energy": 32.887,
    "architecture_maturity": 51.075,
    "architecture_confidence": 61.649,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 44.19,
        "rotation_up": 14.1,
        "upward_expansion": 16.18,
        "deceleration": 71.27,
        "rotation_down": 63.86,
        "downward_expansion": 41.18
      },
      "activity_lines": [
        25.180667,
        28.705819,
        29.668714,
        28.630839
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 25.99,
    "trend_reference": 27.507667,
    "distance_from_trend": -0.055173,
    "trend_direction": "Improving",
    "fair_value": 24.291424,
    "distance_from_fair_value": 0.069925,
    "fair_value_direction": "Weakening",
    "relative_strength": -2.879256,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.185522,
    "excess_performance": -0.192922,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.055173,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.124414,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.069925,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.150959,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.028793,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.007015,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.185522,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.179976,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 27781824,
      "relative_activity": 1.013985,
      "balance": 1.179976,
      "dry_up": 1.206663,
      "accumulation_observations": 5,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.225442,
      "annualized_volatility": 0.757135,
      "from_high_reference": -0.395581,
      "from_low_reference": 0.345238
    },
    "levels": {
      "trend_reference": 27.507667,
      "fair_value_reference": 24.291424,
      "structural_low": 19.32,
      "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 8,
        "median_return": 0.005364,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.012632,
        "regime_survival": 0.25,
        "best_return": 0.189088,
        "worst_return": -0.191085,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": -0.022827,
        "positive_rate": 0.4,
        "directional_follow_through": 0.4,
        "median_excess_return": -0.025353,
        "regime_survival": 0.0,
        "best_return": 0.536387,
        "worst_return": -0.142709,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.147686,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.095842,
        "regime_survival": 0.25,
        "best_return": 0.124097,
        "worst_return": -0.207665,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.250864,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.215889,
        "regime_survival": 0.0,
        "best_return": 0.053202,
        "worst_return": -0.382336,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-12-20",
        "end": "2025-01-24",
        "tenure": "Developing",
        "return": -0.201106,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-01-31",
        "end": "2025-02-14",
        "tenure": "New",
        "return": 0.067628,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-02-21",
        "end": "2025-03-07",
        "tenure": "New",
        "return": -0.02497,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-03-14",
        "end": "2025-07-04",
        "tenure": "Established",
        "return": 0.0294,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-11",
        "end": "2025-09-12",
        "tenure": "Developing",
        "return": -0.052197,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-09-19",
        "end": "2025-10-10",
        "tenure": "New",
        "return": 0.000814,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-11-14",
        "tenure": "Developing",
        "return": -0.0452,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-11-21",
        "end": "2026-01-23",
        "tenure": "Developing",
        "return": 0.140965,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2026-03-06",
        "tenure": "Developing",
        "return": -0.264807,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-03-13",
        "end": "2026-04-03",
        "tenure": "New",
        "return": -0.142979,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2026-04-17",
        "tenure": "New",
        "return": 0.160167,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-24",
        "end": "2026-05-15",
        "tenure": "New",
        "return": 0.360592,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "return": -0.250155,
        "active": false
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      {
        "regime": "deceleration",
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        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.126083,
        "active": true
      }
    ],
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-07-03",
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      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 26064995.7,
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        "relative_strength": -7.662458,
        "stage": 1,
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        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-24",
        "close": 23.08,
        "volume": 32170358,
        "typical_volume": 25866942.3,
        "trend": 27.315333,
        "fair_value": 24.345319,
        "relative_strength": -11.660981,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 2.473536,
        "energy": 19.255542,
        "activity_lines": [
          27.986667,
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          30.272952,
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      },
      {
        "date": "2026-07-31",
        "close": 24.190001,
        "volume": 35099651,
        "typical_volume": 26746650.3,
        "trend": 27.375333,
        "fair_value": 24.308442,
        "relative_strength": -5.415272,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -22.387704,
        "energy": 31.735819,
        "activity_lines": [
          25.773334,
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          29.887095,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 25.99,
        "volume": 27781824,
        "typical_volume": 27398642.6,
        "trend": 27.507667,
        "fair_value": 24.291424,
        "relative_strength": -2.879256,
        "stage": 1,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -19.637172,
        "energy": 32.886868,
        "activity_lines": [
          25.180667,
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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."
    }
  }
}