{
  "ticker": {
    "uuid": "7ff110dc-e9c2-4d07-b1cb-d36226a6686a",
    "symbol": "600561",
    "name": "Jiangxi Changyun 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": -60.351,
    "architecture_energy": 47.028,
    "architecture_maturity": 65.799,
    "architecture_confidence": 90.542,
    "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": 9.09,
        "rotation_up": 25.72,
        "upward_expansion": 7.3,
        "deceleration": 60.77,
        "rotation_down": 50.42,
        "downward_expansion": 80.63
      },
      "activity_lines": [
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 5.5,
    "trend_reference": 6.275667,
    "distance_from_trend": -0.123599,
    "trend_direction": "Weakening",
    "fair_value": 5.822564,
    "distance_from_fair_value": -0.055399,
    "fair_value_direction": "Weakening",
    "relative_strength": -15.364444,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.202899,
    "excess_performance": -0.159695,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.123599,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.077741,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.055399,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.274014,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.153644,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.108253,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.202899,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.2778,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 31652172,
      "relative_activity": 1.283013,
      "balance": 0.2778,
      "dry_up": 1.166226,
      "accumulation_observations": 1,
      "distribution_observations": 7
    },
    "risk": {
      "range_context": 0.098042,
      "annualized_volatility": 0.343393,
      "from_high_reference": -0.290323,
      "from_low_reference": 0.20614
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    "levels": {
      "trend_reference": 6.275667,
      "fair_value_reference": 5.822564,
      "structural_low": 4.56,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 12,
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        "positive_rate": 0.583333,
        "directional_follow_through": 0.416667,
        "median_excess_return": 0.03064,
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        "worst_return": -0.149901,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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      },
      {
        "horizon": "Extended",
        "sample_count": 2,
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        "positive_rate": 1.0,
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      {
        "horizon": "Full cycle",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 24440175.7,
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        "fair_value": 5.826923,
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        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -72.179235,
        "energy": 83.765361,
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          5.893238,
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      },
      {
        "date": "2026-07-24",
        "close": 4.77,
        "volume": 32874473,
        "typical_volume": 24514970.0,
        "trend": 6.352333,
        "fair_value": 5.823077,
        "relative_strength": -25.062127,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -78.639453,
        "energy": 71.92455,
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          5.75581,
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      },
      {
        "date": "2026-07-31",
        "close": 5.24,
        "volume": 23110900,
        "typical_volume": 24408085.3,
        "trend": 6.308333,
        "fair_value": 5.822564,
        "relative_strength": -17.581051,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.81481,
        "energy": 56.95753,
        "activity_lines": [
          5.069333,
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          5.67419,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 5.5,
        "volume": 31652172,
        "typical_volume": 24670183.9,
        "trend": 6.275667,
        "fair_value": 5.822564,
        "relative_strength": -15.364444,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.350827,
        "energy": 47.02803,
        "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."
    }
  }
}