{
  "ticker": {
    "uuid": "89025819-b8a4-4f33-a3ad-dc7d0caf19e2",
    "symbol": "688150",
    "name": "Shaanxi Lighte Optoelectronics Material 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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 73.534,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -20.219,
    "architecture_energy": 34.01,
    "architecture_maturity": 7.263,
    "architecture_confidence": 44.305,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 43.33,
        "rotation_up": 16.82,
        "upward_expansion": 19.36,
        "deceleration": 60.56,
        "rotation_down": 63.54,
        "downward_expansion": 42.02
      },
      "activity_lines": [
        41.16,
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        50.472393,
        48.583495
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 42.830002,
    "trend_reference": 44.378375,
    "distance_from_trend": -0.03489,
    "trend_direction": "Improving",
    "fair_value": 25.328549,
    "distance_from_fair_value": 0.690977,
    "fair_value_direction": "Weakening",
    "relative_strength": 20.071841,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.538987,
    "excess_performance": 0.582191,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.03489,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.240589,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.690977,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.716573,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.200718,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.530626,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.538987,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.826902,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 65619799,
      "relative_activity": 1.209058,
      "balance": 0.826902,
      "dry_up": 1.023195,
      "accumulation_observations": 4,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.236074,
      "annualized_volatility": 0.881588,
      "from_high_reference": -0.407298,
      "from_low_reference": 1.029858
    },
    "levels": {
      "trend_reference": 44.378375,
      "fair_value_reference": 25.328549,
      "structural_low": 26.65,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 4,
        "median_return": -0.032328,
        "positive_rate": 0.25,
        "directional_follow_through": 0.75,
        "median_excess_return": 0.010793,
        "regime_survival": 0.25,
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        "worst_return": -0.081747,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 3,
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        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.111265,
        "regime_survival": 0.0,
        "best_return": 0.354969,
        "worst_return": 0.187085,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.27864,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.116353,
        "regime_survival": 0.333333,
        "best_return": 2.052053,
        "worst_return": -0.029772,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
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        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.072799,
        "regime_survival": 0.0,
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        "worst_return": 0.240572,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
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        "end": "2024-09-27",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "Developing",
        "return": -0.040371,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-01-17",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-05-16",
        "tenure": "Established",
        "return": 0.122059,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-11-07",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
      },
      {
        "regime": "rotation_up",
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      {
        "regime": "upward_expansion",
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      {
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        "active": true
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      },
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        "date": "2026-06-05",
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      },
      {
        "date": "2026-06-12",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 24.814152,
        "relative_strength": 54.950251,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 56.733051,
        "energy": 43.275611,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 44161233,
        "typical_volume": 57028238.9,
        "trend": 43.227708,
        "fair_value": 24.978309,
        "relative_strength": 41.66662,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 34.31829,
        "energy": 25.56736,
        "activity_lines": [
          54.9,
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          53.868982,
          49.533567
        ]
      },
      {
        "date": "2026-07-24",
        "close": 39.169998,
        "volume": 56891593,
        "typical_volume": 56072745.55,
        "trend": 43.686708,
        "fair_value": 25.092576,
        "relative_strength": 14.547626,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": -6.098817,
        "energy": 12.907098,
        "activity_lines": [
          48.987999,
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          52.788262,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 34.040001,
        "volume": 55456789,
        "typical_volume": 54994934.05,
        "trend": 43.851708,
        "fair_value": 25.174524,
        "relative_strength": -1.179047,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "mixed",
        "direction": -36.494849,
        "energy": 38.520608,
        "activity_lines": [
          42.609999,
          48.410206,
          51.199161,
          48.649411
        ]
      },
      {
        "date": "2026-08-07",
        "close": 42.830002,
        "volume": 65619799,
        "typical_volume": 54273477.8,
        "trend": 44.378375,
        "fair_value": 25.328549,
        "relative_strength": 20.071841,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -20.2195,
        "energy": 34.010225,
        "activity_lines": [
          41.16,
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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."
    }
  }
}