{ "ticker": { "uuid": "79672af9-a979-4092-8ae7-3cc2b4b3bd35", "symbol": "002467", "name": "NET263 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": -64.524, "architecture_energy": 62.357, "architecture_maturity": 59.489, "architecture_confidence": 93.042, "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": 8.4, "rotation_up": 27.29, "upward_expansion": 12.0, "deceleration": 58.95, "rotation_down": 54.68, "downward_expansion": 85.33 }, "activity_lines": [ 4.584, 4.633455, 5.220476, 5.685333 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 4.81, "trend_reference": 6.179, "distance_from_trend": -0.221557, "trend_direction": "Weakening", "fair_value": 5.249995, "distance_from_fair_value": -0.083809, "fair_value_direction": "Weakening", "relative_strength": -25.635743, "relative_strength_direction": "Weakening", "price_momentum": -0.27451, "excess_performance": -0.28191, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.221557, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.072918, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.083809, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.430001, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.256357, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.147321, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.27451, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.974534, "read": "Supply-led" } ], "volume": { "latest": 257766623, "relative_activity": 0.684935, "balance": 0.974534, "dry_up": 0.717746, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.10347, "annualized_volatility": 0.459505, "from_high_reference": -0.405439, "from_low_reference": 0.196517 }, "levels": { "trend_reference": 6.179, "fair_value_reference": 5.249995, "structural_low": 4.02, "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": -0.010574, "positive_rate": 0.454545, "directional_follow_through": 0.5, "median_excess_return": 0.019642, "regime_survival": 0.727273, "best_return": 0.253071, "worst_return": -0.131373, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.012848, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": -0.006328, "regime_survival": 0.444444, "best_return": 0.278997, "worst_return": -0.156085, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.166606, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.11853, "regime_survival": 0.166667, "best_return": 0.796238, "worst_return": -0.216216, "sufficient": true }, { "horizon": 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"Early contraction", "gate": "down", "direction": -84.618268, "energy": 93.479419, "activity_lines": [ 4.520667, 4.869273, 5.628905, 6.008194 ] }, { "date": "2026-07-24", "close": 4.3, "volume": 278624476, "typical_volume": 463210099.6, "trend": 6.264667, "fair_value": 5.250005, "relative_strength": -32.102355, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.591842, "energy": 88.892417, "activity_lines": [ 4.403333, 4.696545, 5.45319, 5.878 ] }, { "date": "2026-07-31", "close": 4.69, "volume": 278833045, "typical_volume": 415425522.7, "trend": 6.221667, "fair_value": 5.249104, "relative_strength": -24.23171, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.15843, "energy": 69.884138, "activity_lines": [ 4.475333, 4.639091, 5.326, 5.776409 ] }, { "date": "2026-08-07", "close": 4.81, "volume": 257766623, "typical_volume": 376337332.65, "trend": 6.179, "fair_value": 5.249995, "relative_strength": -25.635743, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.524037, "energy": 62.357104, "activity_lines": [ 4.584, 4.633455, 5.220476, 5.685333 ] } ], "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." } } }