{ "ticker": { "uuid": "793344c0-eaf8-4440-9a19-04d975d4eab1", "symbol": "300785", "name": "Beijing Zhidemai Technology 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -50.391, "architecture_energy": 41.901, "architecture_maturity": 64.777, "architecture_confidence": 63.641, "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": 16.87, "rotation_up": 24.48, "upward_expansion": 17.57, "deceleration": 66.67, "rotation_down": 48.27, "downward_expansion": 69.9 }, "activity_lines": [ 37.295333, 37.118, 40.657884, 43.774397 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 40.459999, "trend_reference": 48.586448, "distance_from_trend": -0.167258, "trend_direction": "Weakening", "fair_value": 31.49892, "distance_from_fair_value": 0.284488, "fair_value_direction": "Weakening", "relative_strength": -10.569207, "relative_strength_direction": "Weakening", "price_momentum": -0.454682, "excess_performance": -0.462081, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.167258, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.015389, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.284488, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.459137, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.105692, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.149119, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.454682, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.705977, "read": "Supply-led" } ], "volume": { "latest": 94159821, "relative_activity": 2.201042, "balance": 0.705977, "dry_up": 1.38649, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.126941, "annualized_volatility": 0.510866, "from_high_reference": -0.51572, "from_low_reference": 0.307692 }, "levels": { "trend_reference": 48.586448, "fair_value_reference": 31.49892, "structural_low": 30.940001, "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": -0.050449, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.015811, "regime_survival": 0.814815, "best_return": 0.51934, "worst_return": -0.246512, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.029931, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.072813, "regime_survival": 0.444444, "best_return": 0.379657, "worst_return": -0.238275, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.166619, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.057911, "regime_survival": 0.571429, "best_return": 1.307789, "worst_return": -0.323809, "sufficient": 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"activity_lines": [ 36.432666, 38.527078, 42.863847, 46.06932 ] }, { "date": "2026-07-24", "close": 32.150002, "volume": 47631020, "typical_volume": 39810694.2, "trend": 48.728427, "fair_value": 31.319679, "relative_strength": -26.569221, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.222547, "energy": 71.45962, "activity_lines": [ 34.804667, 36.871778, 41.592287, 44.984778 ] }, { "date": "2026-07-31", "close": 38.200001, "volume": 47825407, "typical_volume": 40304897.15, "trend": 48.692472, "fair_value": 31.400448, "relative_strength": -11.266649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.541528, "energy": 53.270259, "activity_lines": [ 35.748, 36.689273, 40.990807, 44.305524 ] }, { "date": "2026-08-07", "close": 40.459999, "volume": 94159821, "typical_volume": 42779658.2, "trend": 48.586448, "fair_value": 31.49892, "relative_strength": -10.569207, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.390781, "energy": 41.901275, "activity_lines": [ 37.295333, 37.118, 40.657884, 43.774397 ] } ], "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." } } }