{
  "ticker": {
    "uuid": "7cc6950c-4317-4e78-9048-ba02d2782ba6",
    "symbol": "603777",
    "name": "Shanghai Laiyifen 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 52.161,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -24.189,
    "architecture_energy": 51.722,
    "architecture_maturity": 6.771,
    "architecture_confidence": 63.197,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 31.36,
        "rotation_up": 14.71,
        "upward_expansion": 25.6,
        "deceleration": 49.93,
        "rotation_down": 65.98,
        "downward_expansion": 52.93
      },
      "activity_lines": [
        13.734667,
        14.516,
        15.69819,
        15.519871
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 14.55,
    "trend_reference": 15.072,
    "distance_from_trend": -0.034634,
    "trend_direction": "Improving",
    "fair_value": 13.05359,
    "distance_from_fair_value": 0.114636,
    "fair_value_direction": "Weakening",
    "relative_strength": 1.691973,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.093163,
    "excess_performance": 0.136367,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.034634,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.035876,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.114636,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.289748,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.01692,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.204574,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.093163,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.474079,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 35148837,
      "relative_activity": 0.586833,
      "balance": 1.474079,
      "dry_up": 0.719284,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.143854,
      "annualized_volatility": 0.631337,
      "from_high_reference": -0.328875,
      "from_low_reference": 0.341014
    },
    "levels": {
      "trend_reference": 15.072,
      "fair_value_reference": 13.05359,
      "structural_low": 10.85,
      "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": 4,
        "median_return": -0.032371,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": -0.031408,
        "regime_survival": 0.25,
        "best_return": 0.111746,
        "worst_return": -0.097261,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
        "median_return": 0.016313,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.061096,
        "regime_survival": 0.0,
        "best_return": 0.068992,
        "worst_return": -0.081842,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.006977,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.138323,
        "regime_survival": 0.0,
        "best_return": 0.180261,
        "worst_return": -0.236834,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.395349,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.18026,
        "regime_survival": 0.0,
        "best_return": 0.562806,
        "worst_return": -0.360378,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-05-23",
        "end": "2025-06-06",
        "tenure": "New",
        "return": 0.103101,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-06-13",
        "end": "2025-06-20",
        "tenure": "New",
        "return": -0.044731,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-06-27",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": 0.02381,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-22",
        "end": "2025-09-05",
        "tenure": "New",
        "return": 0.071791,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-09-12",
        "end": "2025-09-26",
        "tenure": "New",
        "return": -0.093838,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-10-03",
        "end": "2025-10-17",
        "tenure": "New",
        "return": 0.000782,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-10-24",
        "end": "2025-11-07",
        "tenure": "New",
        "return": 0.016304,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-11-14",
        "end": "2025-12-19",
        "tenure": "Developing",
        "return": 0.078204,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-12-26",
        "end": "2026-01-16",
        "tenure": "New",
        "return": -0.071577,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-23",
        "end": "2026-03-06",
        "tenure": "Developing",
        "return": -0.076809,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-13",
        "end": "2026-04-03",
        "tenure": "New",
        "return": -0.009302,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-10",
        "end": "2026-06-19",
        "tenure": "Developing",
        "return": -0.009428,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-06-26",
        "end": "2026-07-24",
        "tenure": "Developing",
        "return": -0.194322,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.099773,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-07-28",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 61062585.55,
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        "fair_value": 13.072679,
        "relative_strength": -3.519706,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -31.304538,
        "energy": 28.27665,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 12.77,
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        "typical_volume": 61829916.75,
        "trend": 15.083333,
        "fair_value": 13.064059,
        "relative_strength": -7.860426,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -34.078259,
        "energy": 44.424483,
        "activity_lines": [
          14.150667,
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      },
      {
        "date": "2026-07-31",
        "close": 13.23,
        "volume": 35668906,
        "typical_volume": 60857815.55,
        "trend": 15.044667,
        "fair_value": 13.057623,
        "relative_strength": -4.896977,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.752728,
        "energy": 52.822533,
        "activity_lines": [
          13.635333,
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      },
      {
        "date": "2026-08-07",
        "close": 14.55,
        "volume": 35148837,
        "typical_volume": 59895825.9,
        "trend": 15.072,
        "fair_value": 13.05359,
        "relative_strength": 1.691973,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -24.188839,
        "energy": 51.721581,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}