{
  "ticker": {
    "uuid": "88e688bc-f39e-4a93-be7c-8d01475f3752",
    "symbol": "300454",
    "name": "Sangfor Technologies Inc.",
    "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": 70.093,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": 1.679,
    "architecture_energy": 14.504,
    "architecture_maturity": 25.999,
    "architecture_confidence": 74.169,
    "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": 58.36,
        "rotation_up": 38.73,
        "upward_expansion": 32.46,
        "deceleration": 46.53,
        "rotation_down": 20.42,
        "downward_expansion": 45.46
      },
      "activity_lines": [
        114.659335,
        108.205847,
        108.111944,
        110.778243
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 122.940002,
    "trend_reference": 117.918648,
    "distance_from_trend": 0.042583,
    "trend_direction": "Weakening",
    "fair_value": 89.02176,
    "distance_from_fair_value": 0.381011,
    "fair_value_direction": "Improving",
    "relative_strength": 1.594872,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.234829,
    "excess_performance": -0.242229,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.042583,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.031296,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.381011,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.009565,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.015949,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.129151,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.234829,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.876425,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 142023246,
      "relative_activity": 2.352361,
      "balance": 0.876425,
      "dry_up": 1.92541,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.126806,
      "annualized_volatility": 0.634931,
      "from_high_reference": -0.346064,
      "from_low_reference": 0.393088
    },
    "levels": {
      "trend_reference": 117.918648,
      "fair_value_reference": 89.02176,
      "structural_low": 88.25,
      "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": 11,
        "median_return": -0.040157,
        "positive_rate": 0.454545,
        "directional_follow_through": 0.454545,
        "median_excess_return": -0.02354,
        "regime_survival": 0.454545,
        "best_return": 0.395189,
        "worst_return": -0.184553,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
        "median_return": -0.002099,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.034683,
        "regime_survival": 0.0,
        "best_return": 0.120933,
        "worst_return": -0.151298,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": -0.215191,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.218769,
        "regime_survival": 0.0,
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        "worst_return": -0.417614,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "regime_survival": 0.0,
        "best_return": 0.075114,
        "worst_return": -0.667104,
        "sufficient": false
      }
    ],
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        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-01-17",
        "tenure": "Developing",
        "return": -0.142924,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-01-31",
        "tenure": "New",
        "return": 0.004386,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-02-14",
        "tenure": "New",
        "return": 0.453607,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-08-01",
        "tenure": "Established",
        "return": 0.25359,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-02-27",
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        "return": -0.13767,
        "active": false
      },
      {
        "regime": "deceleration",
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        "return": -0.114176,
        "active": false
      },
      {
        "regime": "rotation_down",
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      {
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      },
      {
        "regime": "balance",
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        "active": false
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      {
        "regime": "downward_expansion",
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        "return": 0.224518,
        "active": false
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      {
        "regime": "balance",
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        "return": 0.0,
        "active": true
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    ],
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      {
        "date": "2026-04-10",
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      },
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      },
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      {
        "date": "2026-06-12",
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      },
      {
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "trend": 117.811315,
        "fair_value": 88.938371,
        "relative_strength": -8.140879,
        "stage": 4,
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        "modifier": "Early contraction",
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        "energy": 31.661432,
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      },
      {
        "date": "2026-07-24",
        "close": 100.050003,
        "volume": 127466376,
        "typical_volume": 55023229.85,
        "trend": 117.448982,
        "fair_value": 88.886662,
        "relative_strength": -14.493073,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.628305,
        "energy": 23.948848,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 119.709999,
        "volume": 97771112,
        "typical_volume": 55641569.05,
        "trend": 117.659315,
        "fair_value": 88.925651,
        "relative_strength": 3.893416,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -14.074414,
        "energy": 15.940113,
        "activity_lines": [
          109.047334,
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      },
      {
        "date": "2026-08-07",
        "close": 122.940002,
        "volume": 142023246,
        "typical_volume": 60374754.05,
        "trend": 117.918648,
        "fair_value": 89.02176,
        "relative_strength": 1.594872,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": 1.679219,
        "energy": 14.504083,
        "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."
    }
  }
}