{ "ticker": { "uuid": "79f73eba-a121-498e-8e04-c9dea6336e94", "symbol": "603590", "name": "Beijing Konruns Pharmaceutical 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": -35.741, "architecture_energy": 19.793, "architecture_maturity": 100.0, "architecture_confidence": 69.171, "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": 46.18, "rotation_up": 26.18, "upward_expansion": 18.8, "deceleration": 46.73, "rotation_down": 25.82, "downward_expansion": 55.13 }, "activity_lines": [ 31.92, 31.377027, 32.34877, 33.859757 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 32.939999, "trend_reference": 36.242384, "distance_from_trend": -0.091119, "trend_direction": "Weakening", "fair_value": 33.536694, "distance_from_fair_value": -0.017792, "fair_value_direction": "Weakening", "relative_strength": -20.899305, "relative_strength_direction": "Improving", "price_momentum": -0.183238, "excess_performance": -0.140035, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.091119, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.106758, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.017792, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.075791, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.208993, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.039247, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.183238, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.226226, "read": "Demand-led" } ], "volume": { "latest": 16590491, "relative_activity": 1.112945, "balance": 1.226226, "dry_up": 1.541307, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.108153, "annualized_volatility": 0.440177, "from_high_reference": -0.497099, "from_low_reference": 0.191496 }, "levels": { "trend_reference": 36.242384, "fair_value_reference": 33.536694, "structural_low": 27.645914, "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": 29, "median_return": -0.029622, "positive_rate": 0.37931, "directional_follow_through": 0.62069, "median_excess_return": -0.032953, "regime_survival": 0.862069, "best_return": 0.132623, "worst_return": -0.189804, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.071324, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.077592, "regime_survival": 0.7, "best_return": 0.114355, "worst_return": -0.187414, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.132404, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.132741, "regime_survival": 0.5, "best_return": 0.256285, "worst_return": -0.253855, "sufficient": true 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"activity_lines": [ 31.529, 31.023782, 32.432301, 34.087459 ] }, { "date": "2026-08-07", "close": 32.939999, "volume": 16590491, "typical_volume": 14906841.25, "trend": 36.242384, "fair_value": 33.536694, "relative_strength": -20.899305, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.741195, "energy": 19.792603, "activity_lines": [ 31.92, 31.377027, 32.34877, 33.859757 ] } ], "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." } } }