{ "ticker": { "uuid": "77a642a5-e701-4b0b-8e58-00007ae6b2b9", "symbol": "002365", "name": "Qianjiang Yongan Pharmaceutical 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": 2.759, "architecture_energy": 20.576, "architecture_maturity": 100.0, "architecture_confidence": 47.457, "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": 52.15, "rotation_up": 48.23, "upward_expansion": 29.5, "deceleration": 38.5, "rotation_down": 14.78, "downward_expansion": 49.84 }, "activity_lines": [ 12.645333, 11.911752, 11.975532, 12.44352 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 13.85, "trend_reference": 13.201451, "distance_from_trend": 0.049127, "trend_direction": "Weakening", "fair_value": 11.698735, "distance_from_fair_value": 0.183889, "fair_value_direction": "Weakening", "relative_strength": -11.736595, "relative_strength_direction": "Improving", "price_momentum": -0.066082, "excess_performance": -0.073482, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.049127, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.103461, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.183889, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.022366, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.117366, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.2558, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.066082, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.070403, "read": "Demand-led" } ], "volume": { "latest": 139578906, "relative_activity": 2.752233, "balance": 1.070403, "dry_up": 2.811965, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.096194, "annualized_volatility": 0.435227, "from_high_reference": -0.390405, "from_low_reference": 0.401822 }, "levels": { "trend_reference": 13.201451, "fair_value_reference": 11.698735, "structural_low": 9.88, "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": 22, "median_return": -0.010858, "positive_rate": 0.318182, "directional_follow_through": 0.681818, "median_excess_return": -0.012782, "regime_survival": 0.727273, "best_return": 0.144685, "worst_return": -0.141606, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.016949, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.030916, "regime_survival": 0.555556, "best_return": 0.177068, "worst_return": -0.139507, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.057464, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.042056, "regime_survival": 0.5, "best_return": 0.649718, "worst_return": -0.251486, "sufficient": true }, { "horizon": 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11.61986, "relative_strength": -41.385965, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.428259, "energy": 74.48252, "activity_lines": [ 10.576667, 10.985623, 11.925694, 12.636927 ] }, { "date": "2026-07-17", "close": 12.6, "volume": 139856654, "typical_volume": 33412396.8, "trend": 13.447784, "fair_value": 11.63992, "relative_strength": -20.42049, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.435758, "energy": 41.035944, "activity_lines": [ 11.231333, 11.182102, 11.917154, 12.576597 ] }, { "date": "2026-07-24", "close": 11.63, "volume": 167657784, "typical_volume": 40015275.1, "trend": 13.327784, "fair_value": 11.652881, "relative_strength": -25.260341, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.693725, "energy": 28.153228, "activity_lines": [ 11.456667, 11.225729, 11.82728, 12.459321 ] }, { "date": "2026-07-31", "close": 12.47, "volume": 123339444, "typical_volume": 44944152.3, "trend": 13.237118, "fair_value": 11.671417, "relative_strength": -17.427598, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.005388, "energy": 21.743687, "activity_lines": [ 11.898, 11.445933, 11.831072, 12.40398 ] }, { "date": "2026-08-07", "close": 13.85, "volume": 139578906, "typical_volume": 50714786.8, "trend": 13.201451, "fair_value": 11.698735, "relative_strength": -11.736595, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": 2.759269, "energy": 20.575716, "activity_lines": [ 12.645333, 11.911752, 11.975532, 12.44352 ] } ], "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." } } }