{
  "ticker": {
    "uuid": "8e134a6b-27e5-4b44-b1dd-77dd6ea08a4c",
    "symbol": "000665",
    "name": "Hubei Radio & Television Information Network 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": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -50.844,
    "architecture_energy": 46.777,
    "architecture_maturity": 100.0,
    "architecture_confidence": 65.153,
    "architecture_tenure": "Established",
    "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": 17.39,
        "rotation_up": 26.37,
        "upward_expansion": 19.06,
        "deceleration": 66.87,
        "rotation_down": 45.6,
        "downward_expansion": 69.06
      },
      "activity_lines": [
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        4.320581
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 3.95,
    "trend_reference": 4.697,
    "distance_from_trend": -0.159038,
    "trend_direction": "Weakening",
    "fair_value": 4.75141,
    "distance_from_fair_value": -0.168668,
    "fair_value_direction": "Weakening",
    "relative_strength": -27.762702,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.271218,
    "excess_performance": -0.278617,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.159038,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.125217,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.168668,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.188596,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.277627,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.006485,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.271218,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.393272,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 65788720,
      "relative_activity": 0.967196,
      "balance": 0.393272,
      "dry_up": 1.137671,
      "accumulation_observations": 2,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.080428,
      "annualized_volatility": 0.257061,
      "from_high_reference": -0.45215,
      "from_low_reference": 0.11898
    },
    "levels": {
      "trend_reference": 4.697,
      "fair_value_reference": 4.75141,
      "structural_low": 3.53,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 30,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
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      },
      {
        "horizon": "Intermediate",
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        "worst_return": -0.221007,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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      {
        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-24",
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        "relative_strength": -33.178697,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 3.9,
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        "typical_volume": 69262485.3,
        "trend": 4.759333,
        "fair_value": 4.761923,
        "relative_strength": -25.751977,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.083883,
        "energy": 56.33378,
        "activity_lines": [
          3.77,
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      },
      {
        "date": "2026-08-07",
        "close": 3.95,
        "volume": 65788720,
        "typical_volume": 68020079.7,
        "trend": 4.697,
        "fair_value": 4.75141,
        "relative_strength": -27.762702,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -50.844058,
        "energy": 46.776946,
        "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."
    }
  }
}