{
  "ticker": {
    "uuid": "84adb0bd-0760-42a0-90b0-ece2dc303884",
    "symbol": "603380",
    "name": "Suzhou Etron Technologies 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": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "down",
    "architecture_direction": -54.785,
    "architecture_energy": 44.059,
    "architecture_maturity": 22.328,
    "architecture_confidence": 71.46,
    "architecture_tenure": "New",
    "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": 43.61,
        "rotation_up": 10.97,
        "upward_expansion": 6.2,
        "deceleration": 52.94,
        "rotation_down": 67.61,
        "downward_expansion": 74.86
      },
      "activity_lines": [
        32.935333,
        36.014616,
        36.869883,
        36.872545
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 33.290001,
    "trend_reference": 37.248994,
    "distance_from_trend": -0.106285,
    "trend_direction": "Weakening",
    "fair_value": 27.326076,
    "distance_from_fair_value": 0.21825,
    "fair_value_direction": "Weakening",
    "relative_strength": -13.777383,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.152063,
    "excess_performance": -0.108859,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.106285,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.000989,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.21825,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.265063,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.137774,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.130422,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.152063,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.485621,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 14563622,
      "relative_activity": 0.962929,
      "balance": 0.485621,
      "dry_up": 1.380879,
      "accumulation_observations": 1,
      "distribution_observations": 6
    },
    "risk": {
      "range_context": 0.166965,
      "annualized_volatility": 0.594915,
      "from_high_reference": -0.408703,
      "from_low_reference": 0.155903
    },
    "levels": {
      "trend_reference": 37.248994,
      "fair_value_reference": 27.326076,
      "structural_low": 29.02,
      "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": 19,
        "median_return": -0.025233,
        "positive_rate": 0.473684,
        "directional_follow_through": 0.473684,
        "median_excess_return": -0.020397,
        "regime_survival": 0.578947,
        "best_return": 0.244713,
        "worst_return": -0.142457,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": -0.109042,
        "positive_rate": 0.375,
        "directional_follow_through": 0.375,
        "median_excess_return": -0.093706,
        "regime_survival": 0.125,
        "best_return": 0.741168,
        "worst_return": -0.341503,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.14919,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.097368,
        "regime_survival": 0.333333,
        "best_return": 0.527937,
        "worst_return": -0.239094,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": -0.223455,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.09716,
        "regime_survival": 0.0,
        "best_return": 1.311711,
        "worst_return": -0.387186,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2024-08-23",
        "end": "2024-08-30",
        "tenure": "New",
        "return": 0.137755,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-09-06",
        "end": "2024-09-27",
        "tenure": "New",
        "return": 0.071251,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2025-03-21",
        "tenure": "Established",
        "return": 0.06401,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-03-28",
        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.159527,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2025-04-18",
        "end": "2025-05-16",
        "tenure": "Developing",
        "return": 0.193359,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-05-23",
        "end": "2025-06-27",
        "tenure": "Developing",
        "return": 0.129819,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-07-04",
        "end": "2025-07-11",
        "tenure": "New",
        "return": -0.013478,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-07-18",
        "end": "2025-10-24",
        "tenure": "Established",
        "return": 0.473648,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-31",
        "end": "2026-01-09",
        "tenure": "Developing",
        "return": -0.030913,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-16",
        "end": "2026-03-13",
        "tenure": "Developing",
        "return": -0.084027,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-03-20",
        "end": "2026-05-29",
        "tenure": "Developing",
        "return": 0.032431,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": 0.315056,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-07-17",
        "tenure": "New",
        "return": -0.191978,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "return": 0.016489,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-07-28",
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      },
      {
        "date": "2026-04-24",
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      },
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      },
      {
        "date": "2026-05-08",
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      },
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      },
      {
        "date": "2026-05-22",
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "stage": 4,
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        "modifier": "Balance after decline",
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      },
      {
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      },
      {
        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "fair_value": 26.802119,
        "relative_strength": 18.268076,
        "stage": 3,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "up",
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        "energy": 54.776723,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "volume": 5355550,
        "typical_volume": 10568383.6,
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        "fair_value": 26.944792,
        "relative_strength": 9.9051,
        "stage": 3,
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        "modifier": "Early expansion",
        "gate": "up",
        "direction": 61.57333,
        "energy": 65.444992,
        "activity_lines": [
          41.858257,
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      },
      {
        "date": "2026-07-10",
        "close": 41.310001,
        "volume": 41504050,
        "typical_volume": 12314481.1,
        "trend": 37.863327,
        "fair_value": 27.067535,
        "relative_strength": 5.962665,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 56.242629,
        "energy": 65.561463,
        "activity_lines": [
          42.278,
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      },
      {
        "date": "2026-07-17",
        "close": 34.849998,
        "volume": 31119250,
        "typical_volume": 13530371.6,
        "trend": 37.82766,
        "fair_value": 27.154477,
        "relative_strength": -5.424416,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 33.805607,
        "energy": 33.96306,
        "activity_lines": [
          40.119333,
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          38.352213,
          37.991727
        ]
      },
      {
        "date": "2026-07-24",
        "close": 32.75,
        "volume": 21188923,
        "typical_volume": 14198052.3,
        "trend": 37.73366,
        "fair_value": 27.219935,
        "relative_strength": -12.362913,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -19.539841,
        "energy": 13.923837,
        "activity_lines": [
          37.285333,
          38.439469,
          37.91731,
          37.664136
        ]
      },
      {
        "date": "2026-07-31",
        "close": 29.58,
        "volume": 16667500,
        "typical_volume": 14715992.3,
        "trend": 37.405994,
        "fair_value": 27.263926,
        "relative_strength": -21.19802,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -59.198856,
        "energy": 41.924945,
        "activity_lines": [
          33.946666,
          36.773364,
          37.200929,
          37.138093
        ]
      },
      {
        "date": "2026-08-07",
        "close": 33.290001,
        "volume": 14563622,
        "typical_volume": 15124298.4,
        "trend": 37.248994,
        "fair_value": 27.326076,
        "relative_strength": -13.777383,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "down",
        "direction": -54.784569,
        "energy": 44.058893,
        "activity_lines": [
          32.935333,
          36.014616,
          36.869883,
          36.872545
        ]
      }
    ],
    "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."
    }
  }
}