{ "ticker": { "uuid": "79d5f1cb-5961-494a-8ebe-478a11654ea8", "symbol": "603602", "name": "Hangzhou Freely Communication Co., Ltd.", "exchange": "SHH", "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": "000001.SS", "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": -64.353, "architecture_energy": 58.738, "architecture_maturity": 53.718, "architecture_confidence": 74.541, "architecture_tenure": "Established", "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": 7.53, "rotation_up": 12.72, "upward_expansion": 9.3, "deceleration": 50.34, "rotation_down": 69.97, "downward_expansion": 82.63 }, "activity_lines": [ 10.491333, 10.886, 11.778571, 12.330624 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 11.13, "trend_reference": 13.161, "distance_from_trend": -0.15432, "trend_direction": "Weakening", "fair_value": 14.204412, "distance_from_fair_value": -0.216441, "fair_value_direction": "Weakening", "relative_strength": -19.692104, "relative_strength_direction": "Weakening", "price_momentum": -0.277273, "excess_performance": -0.234069, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.15432, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.076227, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.216441, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.173002, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.196921, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.037596, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.277273, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.407729, "read": "Demand-led" } ], "volume": { "latest": 31320175, "relative_activity": 1.666217, "balance": 1.407729, "dry_up": 1.19789, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.096966, "annualized_volatility": 0.372078, "from_high_reference": -0.372958, "from_low_reference": 0.209783 }, "levels": { "trend_reference": 13.161, "fair_value_reference": 14.204412, "structural_low": 9.2, "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": 19, "median_return": -0.007359, "positive_rate": 0.473684, "directional_follow_through": 0.526316, "median_excess_return": 0.007605, "regime_survival": 0.684211, "best_return": 0.202883, "worst_return": -0.234493, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.022353, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": 0.056371, "regime_survival": 0.285714, "best_return": 0.144726, "worst_return": -0.130737, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.144596, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.248047, "regime_survival": 0.166667, "best_return": 0.376517, "worst_return": -0.214186, "sufficient": true }, { 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"close": 9.62, "volume": 22237865, "typical_volume": 18428472.0, "trend": 13.407, "fair_value": 14.219531, "relative_strength": -29.468169, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -84.070106, "energy": 92.921844, "activity_lines": [ 10.350667, 11.242, 12.107952, 12.661097 ] }, { "date": "2026-07-31", "close": 10.43, "volume": 16256040, "typical_volume": 18219234.75, "trend": 13.275333, "fair_value": 14.208744, "relative_strength": -23.236352, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.445377, "energy": 85.792555, "activity_lines": [ 10.272667, 10.968909, 11.902048, 12.469032 ] }, { "date": "2026-08-07", "close": 11.13, "volume": 31320175, "typical_volume": 18797170.9, "trend": 13.161, "fair_value": 14.204412, "relative_strength": -19.692104, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.353273, "energy": 58.738343, "activity_lines": [ 10.491333, 10.886, 11.778571, 12.330624 ] } ], "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." } } }