{ "ticker": { "uuid": "76ca9cc5-16cd-4df7-878a-4476828e12f7", "symbol": "002349", "name": "Jinghua Pharmaceutical Group Co., 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": 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": -34.119, "architecture_energy": 21.342, "architecture_maturity": 77.233, "architecture_confidence": 67.62, "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": 38.78, "rotation_up": 29.16, "upward_expansion": 19.2, "deceleration": 46.82, "rotation_down": 23.61, "downward_expansion": 55.54 }, "activity_lines": [ 6.716, 6.605091, 6.732634, 6.897849 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 6.87, "trend_reference": 7.112783, "distance_from_trend": -0.034133, "trend_direction": "Weakening", "fair_value": 7.495876, "distance_from_fair_value": -0.083496, "fair_value_direction": "Weakening", "relative_strength": -8.876381, "relative_strength_direction": "Improving", "price_momentum": -0.089124, "excess_performance": -0.096524, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.034133, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.046624, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.083496, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.033921, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.088764, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.114406, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.089124, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.267127, "read": "Demand-led" } ], "volume": { "latest": 54036896, "relative_activity": 0.895697, "balance": 1.267127, "dry_up": 1.111513, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.055284, "annualized_volatility": 0.226147, "from_high_reference": -0.176439, "from_low_reference": 0.129934 }, "levels": { "trend_reference": 7.112783, "fair_value_reference": 7.495876, "structural_low": 6.08, "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": 27, "median_return": -0.005789, "positive_rate": 0.481481, "directional_follow_through": 0.518519, "median_excess_return": 0.007269, "regime_survival": 0.814815, "best_return": 0.185286, "worst_return": -0.137589, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.05875, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.009735, "regime_survival": 0.555556, "best_return": 0.231955, "worst_return": -0.149027, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.030807, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.007552, "regime_survival": 0.2, "best_return": 0.130631, "worst_return": -0.239422, "sufficient": true }, { "horizon": 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"downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.949633, "energy": 74.104237, "activity_lines": [ 6.425333, 6.552546, 6.84191, 7.015121 ] }, { "date": "2026-07-17", "close": 6.74, "volume": 94603585, "typical_volume": 61141959.15, "trend": 7.171677, "fair_value": 7.533678, "relative_strength": -8.757427, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.759889, "energy": 45.799464, "activity_lines": [ 6.54, 6.55759, 6.811049, 6.985907 ] }, { "date": "2026-07-24", "close": 6.46, "volume": 68889175, "typical_volume": 60557171.75, "trend": 7.14054, "fair_value": 7.519933, "relative_strength": -12.308881, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.590842, "energy": 33.911228, "activity_lines": [ 6.543333, 6.522541, 6.758187, 6.939992 ] }, { "date": "2026-07-31", "close": 6.74, "volume": 50698100, "typical_volume": 60482247.2, "trend": 7.122685, "fair_value": 7.508044, "relative_strength": -6.584952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.209031, "energy": 24.858238, "activity_lines": [ 6.63, 6.55, 6.737239, 6.914151 ] }, { "date": "2026-08-07", "close": 6.87, "volume": 54036896, "typical_volume": 60329449.1, "trend": 7.112783, "fair_value": 7.495876, "relative_strength": -8.876381, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -34.119326, "energy": 21.341535, "activity_lines": [ 6.716, 6.605091, 6.732634, 6.897849 ] } ], "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." } } }