{ "ticker": { "uuid": "7d0f09c5-2ed9-4e59-850d-b01de6f386d0", "symbol": "688372", "name": "Shanghai V-Test Semiconductor Tech. 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 79.376, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -19.872, "architecture_energy": 34.469, "architecture_maturity": 12.341, "architecture_confidence": 51.68, "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": 44.27, "rotation_up": 19.55, "upward_expansion": 21.36, "deceleration": 56.59, "rotation_down": 64.3, "downward_expansion": 41.69 }, "activity_lines": [ 122.315336, 136.107266, 144.06625, 143.68736 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 125.480003, "trend_reference": 141.497132, "distance_from_trend": -0.113198, "trend_direction": "Improving", "fair_value": 74.058002, "distance_from_fair_value": 0.694348, "fair_value_direction": "Weakening", "relative_strength": 7.261122, "relative_strength_direction": "Weakening", "price_momentum": -0.042649, "excess_performance": 0.000555, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.113198, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.120919, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.694348, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.583278, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.072611, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.442251, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.042649, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.170581, "read": "Demand-led" } ], "volume": { "latest": 48562198, "relative_activity": 1.201611, "balance": 1.170581, "dry_up": 1.420075, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.201406, "annualized_volatility": 0.699672, "from_high_reference": -0.371752, "from_low_reference": 1.197933 }, "levels": { "trend_reference": 141.497132, "fair_value_reference": 74.058002, "structural_low": 100.370003, 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"2026-07-24", "close": 118.900002, "volume": 57948649, "typical_volume": 39167785.7, "trend": 140.767466, "fair_value": 73.573069, "relative_strength": 6.839398, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -23.784288, "energy": 21.175885, "activity_lines": [ 139.399335, 147.585607, 149.775287, 146.743376 ] }, { "date": "2026-07-31", "close": 108.870003, "volume": 55680604, "typical_volume": 39843452.45, "trend": 140.950799, "fair_value": 73.76225, "relative_strength": -3.368963, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -31.620636, "energy": 35.890136, "activity_lines": [ 126.121336, 139.835253, 146.064412, 144.685476 ] }, { "date": "2026-08-07", "close": 125.480003, "volume": 48562198, "typical_volume": 40414255.15, "trend": 141.497132, "fair_value": 74.058002, "relative_strength": 7.261122, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -19.87156, "energy": 34.468643, "activity_lines": [ 122.315336, 136.107266, 144.06625, 143.68736 ] } ], "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." } } }