{
  "ticker": {
    "uuid": "8e3ef726-2f73-48c4-8f58-d888c09e875e",
    "symbol": "688178",
    "name": "Nanjing Wondux Environmental Protection Technology Corp., 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": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 63.317,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -28.047,
    "architecture_energy": 63.049,
    "architecture_maturity": 11.677,
    "architecture_confidence": 76.069,
    "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": 31.32,
        "rotation_up": 14.1,
        "upward_expansion": 28.83,
        "deceleration": 49.28,
        "rotation_down": 70.95,
        "downward_expansion": 56.16
      },
      "activity_lines": [
        25.664,
        28.778364,
        31.747762,
        31.514301
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 27.469999,
    "trend_reference": 30.386,
    "distance_from_trend": -0.095965,
    "trend_direction": "Improving",
    "fair_value": 19.790833,
    "distance_from_fair_value": 0.388016,
    "fair_value_direction": "Weakening",
    "relative_strength": -2.803494,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.112146,
    "excess_performance": 0.155349,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.095965,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.072308,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.388016,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.758911,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.028035,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.422084,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.112146,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.548728,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 8891203,
      "relative_activity": 0.930916,
      "balance": 0.548728,
      "dry_up": 1.113806,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.162415,
      "annualized_volatility": 0.626367,
      "from_high_reference": -0.339663,
      "from_low_reference": 0.417441
    },
    "levels": {
      "trend_reference": 30.386,
      "fair_value_reference": 19.790833,
      "structural_low": 19.379999,
      "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": 2,
        "median_return": 0.027218,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.01469,
        "regime_survival": 0.0,
        "best_return": 0.027882,
        "worst_return": 0.026553,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.168449,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.178958,
        "regime_survival": 0.0,
        "best_return": 0.346234,
        "worst_return": -0.009335,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 2,
        "median_return": 0.175394,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.20526,
        "regime_survival": 0.0,
        "best_return": 0.342905,
        "worst_return": 0.007884,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": -0.344041,
        "positive_rate": 0.0,
        "directional_follow_through": 1.0,
        "median_excess_return": -0.287969,
        "regime_survival": 0.0,
        "best_return": -0.344041,
        "worst_return": -0.344041,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2023-12-22",
        "end": "2024-01-19",
        "tenure": "Developing",
        "return": -0.047025,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-01-26",
        "end": "2024-10-18",
        "tenure": "Extended",
        "return": -0.347801,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-10-25",
        "end": "2024-11-15",
        "tenure": "New",
        "return": 0.079698,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-11-22",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": -0.056082,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-17",
        "end": "2025-02-07",
        "tenure": "New",
        "return": 0.159443,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-14",
        "end": "2025-07-04",
        "tenure": "Established",
        "return": 0.457508,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-07-11",
        "end": "2025-08-15",
        "tenure": "Developing",
        "return": 0.090669,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-08-22",
        "end": "2025-10-24",
        "tenure": "Developing",
        "return": 0.014176,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-10-31",
        "end": "2025-12-26",
        "tenure": "Developing",
        "return": -0.08091,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-01-02",
        "end": "2026-01-23",
        "tenure": "New",
        "return": 0.086142,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-01-30",
        "end": "2026-04-03",
        "tenure": "Developing",
        "return": 0.293117,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2026-04-10",
        "end": "2026-07-03",
        "tenure": "Established",
        "return": 0.078207,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2026-07-10",
        "end": "2026-07-24",
        "tenure": "New",
        "return": -0.284785,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-07-31",
        "end": "2026-08-07",
        "tenure": "New",
        "return": 0.157119,
        "active": true
      }
    ],
    "chart_path": [
      {
        "date": "2023-07-28",
        "close": 19.700001,
        "volume": 3133617,
        "typical_volume": 1816420.35,
        "trend": 18.99474,
        "fair_value": 24.508423,
        "relative_strength": 2.444752,
        "stage": 1,
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        "modifier": "Balance after decline",
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        "direction": 53.318951,
        "energy": 48.023201,
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      },
      {
        "date": "2023-08-04",
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      },
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      },
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      },
      {
        "date": "2023-08-25",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "stage": 2,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 9293631.75,
        "trend": 30.347334,
        "fair_value": 19.685212,
        "relative_strength": -5.371704,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -16.528738,
        "energy": 26.851843,
        "activity_lines": [
          31.087334,
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      },
      {
        "date": "2026-07-24",
        "close": 23.08,
        "volume": 14357114,
        "typical_volume": 9542176.75,
        "trend": 30.301667,
        "fair_value": 19.707646,
        "relative_strength": -15.610476,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -42.155706,
        "energy": 54.813768,
        "activity_lines": [
          27.840667,
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      },
      {
        "date": "2026-07-31",
        "close": 23.74,
        "volume": 9037649,
        "typical_volume": 9551617.1,
        "trend": 30.271334,
        "fair_value": 19.737285,
        "relative_strength": -13.549116,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.044585,
        "energy": 64.833643,
        "activity_lines": [
          25.81,
          29.665455,
          32.25481,
          31.695033
        ]
      },
      {
        "date": "2026-08-07",
        "close": 27.469999,
        "volume": 8891203,
        "typical_volume": 9551024.1,
        "trend": 30.386,
        "fair_value": 19.790833,
        "relative_strength": -2.803494,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -28.047349,
        "energy": 63.049495,
        "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."
    }
  }
}