{ "ticker": { "uuid": "8dd0f5b4-3e0f-4ddc-affc-5c794acbf19b", "symbol": "603303", "name": "Hengdian Group Tospo Lighting 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": 2, "stage_name": "Advancing", "phase": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 3.203, "architecture_energy": 23.243, "architecture_maturity": 71.573, "architecture_confidence": 72.978, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 52.93, "rotation_up": 14.85, "upward_expansion": 41.94, "deceleration": 87.92, "rotation_down": 47.04, "downward_expansion": 35.94 }, "activity_lines": [ 20.394, 22.731755, 23.062536, 21.411656 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 21.73, "trend_reference": 19.193359, "distance_from_trend": 0.132162, "trend_direction": "Improving", "fair_value": 12.861519, "distance_from_fair_value": 0.689536, "fair_value_direction": "Improving", "relative_strength": 30.485007, "relative_strength_direction": "Improving", "price_momentum": 0.503806, "excess_performance": 0.54701, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.132162, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.251947, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.689536, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.121024, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.30485, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.045622, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.503806, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.530937, "read": "Demand-led" } ], "volume": { "latest": 16662856, "relative_activity": 0.774562, "balance": 1.530937, "dry_up": 1.093796, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.194997, "annualized_volatility": 0.683468, "from_high_reference": -0.364991, "from_low_reference": 0.880207 }, "levels": { "trend_reference": 19.193359, "fair_value_reference": 12.861519, "structural_low": 13.03, "invalidation": "A 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"relative_strength": 51.911915, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 50.653987, "energy": 46.191273, "activity_lines": [ 26.799333, 26.981754, 23.403217, 21.067039 ] }, { "date": "2026-07-17", "close": 20.48, "volume": 20673375, "typical_volume": 19310989.25, "trend": 18.514025, "fair_value": 12.719936, "relative_strength": 31.895519, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 32.145163, "energy": 26.33773, "activity_lines": [ 24.198667, 26.0197, 23.40188, 21.210285 ] }, { "date": "2026-07-24", "close": 18.5, "volume": 31506626, "typical_volume": 20204894.05, "trend": 18.696025, "fair_value": 12.759815, "relative_strength": 16.765993, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 8.229692, "energy": 24.757492, "activity_lines": [ 21.752667, 24.66274, 23.187115, 21.20938 ] }, { "date": "2026-07-31", "close": 19.0, "volume": 25278875, "typical_volume": 21022825.5, "trend": 18.898692, "fair_value": 12.801665, "relative_strength": 18.458125, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 5.765837, "energy": 25.950993, "activity_lines": [ 20.32, 23.418671, 23.004968, 21.228991 ] }, { "date": "2026-08-07", "close": 21.73, "volume": 16662856, "typical_volume": 21512629.1, "trend": 19.193359, "fair_value": 12.861519, "relative_strength": 30.485007, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 3.203095, "energy": 23.243226, "activity_lines": [ 20.394, 22.731755, 23.062536, 21.411656 ] } ], "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." } } }