{
  "ticker": {
    "uuid": "855abfae-f8fe-4dd5-8eb5-45adb8cbb8be",
    "symbol": "300851",
    "name": "Beijing Jiaoda Signal Technology Co., Ltd.",
    "exchange": "SHZ",
    "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": "399001.SZ",
    "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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -62.271,
    "architecture_energy": 52.353,
    "architecture_maturity": 37.76,
    "architecture_confidence": 96,
    "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": 11.7,
        "rotation_up": 21.07,
        "upward_expansion": 8.24,
        "deceleration": 57.9,
        "rotation_down": 58.0,
        "downward_expansion": 81.57
      },
      "activity_lines": [
        22.206,
        22.512,
        24.607518,
        25.885847
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 23.370001,
    "trend_reference": 27.294698,
    "distance_from_trend": -0.14379,
    "trend_direction": "Weakening",
    "fair_value": 26.079491,
    "distance_from_fair_value": -0.103894,
    "fair_value_direction": "Weakening",
    "relative_strength": -16.8699,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.205818,
    "excess_performance": -0.213217,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.14379,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.04458,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.103894,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.275999,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.168699,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.065709,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.205818,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.250032,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 6230400,
      "relative_activity": 0.991836,
      "balance": 0.250032,
      "dry_up": 1.130882,
      "accumulation_observations": 0,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.104235,
      "annualized_volatility": 0.359546,
      "from_high_reference": -0.384846,
      "from_low_reference": 0.16967
    },
    "levels": {
      "trend_reference": 27.294698,
      "fair_value_reference": 26.079491,
      "structural_low": 19.98,
      "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": 16,
        "median_return": -0.01432,
        "positive_rate": 0.375,
        "directional_follow_through": 0.5625,
        "median_excess_return": 0.025648,
        "regime_survival": 0.75,
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        "worst_return": -0.126596,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "regime_survival": 0.5,
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        "worst_return": -0.262999,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.062812,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "regime_survival": 0.5,
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        "worst_return": -0.202315,
        "sufficient": false
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      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": -0.164833,
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        "regime": "balance",
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        "color": "blue",
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        "return": 0.037415,
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      },
      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
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      {
        "regime": "rotation_down",
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      {
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      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
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      {
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      {
        "regime": "rotation_up",
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      },
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        "date": "2026-05-22",
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        "modifier": "Upper balance after advance",
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      },
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      },
      {
        "date": "2026-07-03",
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      },
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        "relative_strength": -26.678559,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 6115473.55,
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        "fair_value": 26.135891,
        "relative_strength": -21.695663,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -76.24579,
        "energy": 84.273301,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 20.74,
        "volume": 9211611,
        "typical_volume": 6216304.15,
        "trend": 27.519892,
        "fair_value": 26.108733,
        "relative_strength": -24.678885,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -77.767886,
        "energy": 76.366779,
        "activity_lines": [
          21.813333,
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      },
      {
        "date": "2026-07-31",
        "close": 22.049999,
        "volume": 6235751,
        "typical_volume": 6271970.8,
        "trend": 27.388716,
        "fair_value": 26.085849,
        "relative_strength": -18.076427,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.664732,
        "energy": 60.822401,
        "activity_lines": [
          21.778666,
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          26.145119
        ]
      },
      {
        "date": "2026-08-07",
        "close": 23.370001,
        "volume": 6230400,
        "typical_volume": 6281680.8,
        "trend": 27.294698,
        "fair_value": 26.079491,
        "relative_strength": -16.8699,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.271061,
        "energy": 52.352954,
        "activity_lines": [
          22.206,
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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."
    }
  }
}