{
  "ticker": {
    "uuid": "8c1b8b23-877c-4286-9d8c-18d14f415665",
    "symbol": "300577",
    "name": "Anhui Korrun 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": "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": "Balance after decline",
    "architecture_gate": "down",
    "architecture_direction": -16.161,
    "architecture_energy": 18.035,
    "architecture_maturity": 33.763,
    "architecture_confidence": 62.327,
    "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": 50.89,
        "rotation_up": 42.75,
        "upward_expansion": 28.18,
        "deceleration": 38.47,
        "rotation_down": 19.47,
        "downward_expansion": 48.51
      },
      "activity_lines": [
        18.048667,
        17.385273,
        17.556309,
        18.013621
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.333333
    },
    "latest_close": 18.41,
    "trend_reference": 18.82478,
    "distance_from_trend": -0.022034,
    "trend_direction": "Weakening",
    "fair_value": 19.231113,
    "distance_from_fair_value": -0.042697,
    "fair_value_direction": "Weakening",
    "relative_strength": -13.634772,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.149845,
    "excess_performance": -0.157244,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.022034,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.093785,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.042697,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.146977,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.136348,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.059422,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.149845,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.817724,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 33381117,
      "relative_activity": 1.97425,
      "balance": 0.817724,
      "dry_up": 2.926316,
      "accumulation_observations": 3,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.117158,
      "annualized_volatility": 0.572087,
      "from_high_reference": -0.295329,
      "from_low_reference": 0.24476
    },
    "levels": {
      "trend_reference": 18.82478,
      "fair_value_reference": 19.231113,
      "structural_low": 14.79,
      "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": 17,
        "median_return": -0.039762,
        "positive_rate": 0.411765,
        "directional_follow_through": 0.411765,
        "median_excess_return": -0.020665,
        "regime_survival": 0.470588,
        "best_return": 0.137667,
        "worst_return": -0.148095,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
        "median_return": 0.045116,
        "positive_rate": 0.555556,
        "directional_follow_through": 0.555556,
        "median_excess_return": -0.005821,
        "regime_survival": 0.222222,
        "best_return": 0.149919,
        "worst_return": -0.298601,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.018032,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.094121,
        "regime_survival": 0.4,
        "best_return": 0.113615,
        "worst_return": -0.333333,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.020186,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": 0.128141,
        "regime_survival": 0.333333,
        "best_return": 0.346048,
        "worst_return": -0.257595,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-05",
        "end": "2024-09-27",
        "tenure": "Established",
        "return": 0.082624,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-10-04",
        "end": "2025-01-10",
        "tenure": "Established",
        "return": -0.093955,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-04-04",
        "tenure": "Developing",
        "return": -0.120731,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-04-11",
        "end": "2025-08-01",
        "tenure": "Established",
        "return": 0.128121,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-08-08",
        "end": "2025-08-22",
        "tenure": "New",
        "return": 0.071702,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2025-08-29",
        "end": "2025-09-12",
        "tenure": "New",
        "return": 0.06613,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-19",
        "end": "2025-10-17",
        "tenure": "Developing",
        "return": -0.122842,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-24",
        "end": "2025-11-14",
        "tenure": "New",
        "return": 0.089151,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-11-21",
        "end": "2025-12-05",
        "tenure": "New",
        "return": -0.019157,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-12-12",
        "end": "2025-12-26",
        "tenure": "New",
        "return": -0.049598,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-01-02",
        "end": "2026-01-23",
        "tenure": "New",
        "return": 0.024333,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-30",
        "end": "2026-02-13",
        "tenure": "New",
        "return": -0.050932,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2026-02-27",
        "end": "2026-07-31",
        "tenure": "Established",
        "return": -0.135247,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-08-07",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.0,
        "active": true
      }
    ],
    "chart_path": [
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        "date": "2023-07-28",
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      },
      {
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        "energy": 11.870142,
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      },
      {
        "date": "2026-07-24",
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        "trend": 19.006452,
        "fair_value": 19.199058,
        "relative_strength": -22.140619,
        "stage": 1,
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        "direction": -40.348146,
        "energy": 23.740764,
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      },
      {
        "date": "2026-07-31",
        "close": 18.129999,
        "volume": 41556661,
        "typical_volume": 15486054.75,
        "trend": 18.91259,
        "fair_value": 19.215324,
        "relative_strength": -10.962471,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -25.309693,
        "energy": 20.412466,
        "activity_lines": [
          17.79,
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      },
      {
        "date": "2026-08-07",
        "close": 18.41,
        "volume": 33381117,
        "typical_volume": 16908254.05,
        "trend": 18.82478,
        "fair_value": 19.231113,
        "relative_strength": -13.634772,
        "stage": 4,
        "regime": "balance",
        "modifier": "Balance after decline",
        "gate": "down",
        "direction": -16.160852,
        "energy": 18.034569,
        "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."
    }
  }
}