{ "ticker": { "uuid": "7f6c8306-b157-4d49-80f2-53a0967bf9fc", "symbol": "603019", "name": "Dawning Information Industry 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": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 59.931, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "up", "architecture_direction": 21.387, "architecture_energy": 14.693, "architecture_maturity": 45.477, "architecture_confidence": 79.938, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 55.55, "rotation_up": 28.58, "upward_expansion": 47.74, "deceleration": 85.07, "rotation_down": 37.34, "downward_expansion": 31.74 }, "activity_lines": [ 90.231332, 91.822181, 91.264966, 90.350427 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 88.769997, "trend_reference": 89.866345, "distance_from_trend": -0.0122, "trend_direction": "Weakening", "fair_value": 65.165425, "distance_from_fair_value": 0.362225, "fair_value_direction": "Weakening", "relative_strength": -3.566953, "relative_strength_direction": "Weakening", "price_momentum": -0.006055, "excess_performance": 0.037149, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.0122, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.015971, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.362225, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.193633, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.03567, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.05724, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.006055, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.168502, "read": "Demand-led" } ], "volume": { "latest": 246304275, "relative_activity": 0.9592, "balance": 1.168502, "dry_up": 1.511942, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.132745, "annualized_volatility": 0.579512, "from_high_reference": -0.303571, "from_low_reference": 0.317774 }, "levels": { "trend_reference": 89.866345, "fair_value_reference": 65.165425, "structural_low": 76.449277, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": -0.05099, "positive_rate": 0.266667, "directional_follow_through": 0.266667, "median_excess_return": -0.040389, "regime_survival": 0.333333, "best_return": 0.190047, "worst_return": -0.151784, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.068235, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.049827, "regime_survival": 0.25, "best_return": 0.382315, "worst_return": -0.194735, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.006055, "positive_rate": 0.428571, "directional_follow_through": 0.428571, "median_excess_return": 0.037149, "regime_survival": 0.428571, "best_return": 0.830552, 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"regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 44.947153, "energy": 40.046757, "activity_lines": [ 95.579333, 92.687754, 91.198178, 90.30118 ] }, { "date": "2026-07-24", "close": 97.5, "volume": 491138250, "typical_volume": 247543390.5, "trend": 89.811109, "fair_value": 64.646973, "relative_strength": 9.936017, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 54.321966, "energy": 46.172516, "activity_lines": [ 96.378667, 93.754758, 91.97836, 90.823235 ] }, { "date": "2026-07-31", "close": 83.459999, "volume": 311719766, "typical_volume": 252456815.3, "trend": 89.747408, "fair_value": 64.874732, "relative_strength": -6.516137, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 19.643906, "energy": 11.595225, "activity_lines": [ 91.909999, 92.206364, 91.356291, 90.413486 ] }, { "date": "2026-08-07", "close": 88.769997, "volume": 246304275, "typical_volume": 256781037.0, "trend": 89.866345, "fair_value": 65.165425, "relative_strength": -3.566953, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 21.387386, "energy": 14.692529, "activity_lines": [ 90.231332, 91.822181, 91.264966, 90.350427 ] } ], "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." } } }