{ "ticker": { "uuid": "7feeff28-9ff2-45ec-a846-16c6bc0cc7cf", "symbol": "600517", "name": "State Grid Yingda 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": -46.542, "architecture_energy": 41.19, "architecture_maturity": 89.082, "architecture_confidence": 89.194, "architecture_tenure": "Developing", "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": 23.48, "rotation_up": 27.84, "upward_expansion": 20.18, "deceleration": 46.97, "rotation_down": 35.68, "downward_expansion": 67.84 }, "activity_lines": [ 4.974667, 4.907245, 5.126964, 5.480392 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 5.02, "trend_reference": 5.913, "distance_from_trend": -0.151023, "trend_direction": "Weakening", "fair_value": 5.179818, "distance_from_fair_value": -0.030854, "fair_value_direction": "Weakening", "relative_strength": -14.607118, "relative_strength_direction": "Weakening", "price_momentum": -0.249626, "excess_performance": -0.206422, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.151023, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.067484, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.030854, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.1492, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.146071, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.048254, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.249626, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.802634, "read": "Supply-led" } ], "volume": { "latest": 124841624, "relative_activity": 1.095157, "balance": 0.802634, "dry_up": 1.204406, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.064364, "annualized_volatility": 0.341197, "from_high_reference": -0.355584, "from_low_reference": 0.100877 }, "levels": { "trend_reference": 5.913, "fair_value_reference": 5.179818, "structural_low": 4.56, "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": 21, "median_return": 0.025157, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.007475, "regime_survival": 0.761905, "best_return": 0.206818, "worst_return": -0.17446, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.064053, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": 0.003411, "regime_survival": 0.285714, "best_return": 0.177777, "worst_return": -0.127695, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.183135, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.020401, "regime_survival": 0.0, "best_return": 0.356506, "worst_return": -0.071821, "sufficient": true }, { "horizon": "Full cycle", 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[ 4.770953, 4.874499, 5.303297, 5.665747 ] }, { "date": "2026-07-24", "close": 4.93, "volume": 164076391, "typical_volume": 125968651.3, "trend": 5.977667, "fair_value": 5.184402, "relative_strength": -13.810742, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.077605, "energy": 61.577254, "activity_lines": [ 4.809867, 4.859223, 5.224345, 5.596113 ] }, { "date": "2026-07-31", "close": 5.11, "volume": 129955839, "typical_volume": 117049493.4, "trend": 5.946, "fair_value": 5.181752, "relative_strength": -10.872329, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.700223, "energy": 52.272615, "activity_lines": [ 4.922667, 4.888484, 5.174964, 5.540134 ] }, { "date": "2026-08-07", "close": 5.02, "volume": 124841624, "typical_volume": 113994314.65, "trend": 5.913, "fair_value": 5.179818, "relative_strength": -14.607118, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.54206, "energy": 41.18956, "activity_lines": [ 4.974667, 4.907245, 5.126964, 5.480392 ] } ], "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." } } }