{ "ticker": { "uuid": "78161854-95ab-41e9-9386-6de71127f687", "symbol": "002598", "name": "Shandong Zhangqiu Blower 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": -61.405, "architecture_energy": 59.179, "architecture_maturity": 100.0, "architecture_confidence": 89.395, "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": 16.1, "rotation_up": 27.08, "upward_expansion": 10.86, "deceleration": 60.86, "rotation_down": 48.66, "downward_expansion": 79.52 }, "activity_lines": [ 6.489333, 6.569208, 6.974979, 7.50343 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 6.63, "trend_reference": 8.227831, "distance_from_trend": -0.194198, "trend_direction": "Weakening", "fair_value": 9.338806, "distance_from_fair_value": -0.290059, "fair_value_direction": "Weakening", "relative_strength": -34.712328, "relative_strength_direction": "Improving", "price_momentum": -0.32622, "excess_performance": -0.333619, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.194198, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.154964, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.290059, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.132936, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.347123, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.039897, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.32622, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.156351, "read": "Supply-led" } ], "volume": { "latest": 11027502, "relative_activity": 0.418901, "balance": 0.156351, "dry_up": 0.586702, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.076838, "annualized_volatility": 0.287595, "from_high_reference": -0.555034, "from_low_reference": 0.118044 }, "levels": { "trend_reference": 8.227831, "fair_value_reference": 9.338806, "structural_low": 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6.747761, 7.055474, 7.636811, 8.1923 ] }, { "date": "2026-07-10", "close": 6.8, "volume": 25496962, "typical_volume": 28755643.65, "trend": 8.786831, "fair_value": 9.461234, "relative_strength": -39.819241, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.349449, "energy": 73.121234, "activity_lines": [ 6.7481, 6.95502, 7.498454, 8.05472 ] }, { "date": "2026-07-17", "close": 6.48, "volume": 17972204, "typical_volume": 28613853.05, "trend": 8.642164, "fair_value": 9.42866, "relative_strength": -36.144535, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.942522, "energy": 68.667695, "activity_lines": [ 6.65602, 6.81984, 7.344859, 7.905892 ] }, { "date": "2026-07-24", "close": 6.13, "volume": 18898701, "typical_volume": 27647228.5, "trend": 8.502831, "fair_value": 9.395596, "relative_strength": -39.007641, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.849189, "energy": 69.480932, "activity_lines": [ 6.473662, 6.651205, 7.175931, 7.743817 ] }, { "date": "2026-07-31", "close": 6.51, "volume": 13880980, "typical_volume": 27020668.75, "trend": 8.363164, "fair_value": 9.36597, "relative_strength": -33.365807, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.453859, "energy": 62.742857, "activity_lines": [ 6.466378, 6.587843, 7.06167, 7.615247 ] }, { "date": "2026-08-07", "close": 6.63, "volume": 11027502, "typical_volume": 26324848.5, "trend": 8.227831, "fair_value": 9.338806, "relative_strength": -34.712328, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.405135, "energy": 59.178857, "activity_lines": [ 6.489333, 6.569208, 6.974979, 7.50343 ] } ], "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." } } }