{ "ticker": { "uuid": "8cc7efe3-bb78-4675-940c-7cb52e298f27", "symbol": "300124", "name": "Shenzhen Inovance 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": -55.449, "architecture_energy": 54.226, "architecture_maturity": 14.558, "architecture_confidence": 84.58, "architecture_tenure": "New", "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": 22.53, "rotation_up": 14.76, "upward_expansion": 13.04, "deceleration": 37.42, "rotation_down": 61.16, "downward_expansion": 81.7 }, "activity_lines": [ 62.597332, 64.155817, 67.113461, 68.260615 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 64.599998, "trend_reference": 70.368397, "distance_from_trend": -0.081974, "trend_direction": "Weakening", "fair_value": 64.283106, "distance_from_fair_value": 0.00493, "fair_value_direction": "Weakening", "relative_strength": -13.681021, "relative_strength_direction": "Improving", "price_momentum": -0.134396, "excess_performance": -0.141796, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.081974, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.031993, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.00493, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.165541, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.13681, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.016126, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.134396, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.728718, "read": "Demand-led" } ], "volume": { "latest": 133905654, "relative_activity": 0.898016, "balance": 1.728718, "dry_up": 1.036603, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.105604, "annualized_volatility": 0.447839, "from_high_reference": -0.29011, "from_low_reference": 0.127006 }, "levels": { "trend_reference": 70.368397, "fair_value_reference": 64.283106, 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64.234, 67.265395, 68.867774, 69.885832 ] }, { "date": "2026-07-24", "close": 59.349998, "volume": 162910031, "typical_volume": 148113340.8, "trend": 71.034064, "fair_value": 64.309213, "relative_strength": -18.327455, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.05087, "energy": 62.696597, "activity_lines": [ 62.073333, 65.326262, 67.914479, 69.105785 ] }, { "date": "2026-07-31", "close": 64.059998, "volume": 167917766, "typical_volume": 149250509.8, "trend": 70.726064, "fair_value": 64.287002, "relative_strength": -10.202222, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.856386, "energy": 62.254867, "activity_lines": [ 62.271332, 64.560954, 67.46747, 68.655845 ] }, { "date": "2026-08-07", "close": 64.599998, "volume": 133905654, "typical_volume": 149112800.75, "trend": 70.368397, "fair_value": 64.283106, "relative_strength": -13.681021, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.449401, "energy": 54.22606, "activity_lines": [ 62.597332, 64.155817, 67.113461, 68.260615 ] } ], "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." } } }