{ "ticker": { "uuid": "900f4d5f-bd13-4f4d-b8ca-864865ac8754", "symbol": "300251", "name": "Beijing Enlight Media 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": -45.176, "architecture_energy": 39.102, "architecture_maturity": 100.0, "architecture_confidence": 66.954, "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": 29.78, "rotation_up": 26.84, "upward_expansion": 18.09, "deceleration": 66.92, "rotation_down": 35.18, "downward_expansion": 63.43 }, "activity_lines": [ 11.874667, 11.806182, 12.37427, 13.417439 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 11.85, "trend_reference": 14.947542, "distance_from_trend": -0.207228, "trend_direction": "Weakening", "fair_value": 12.866684, "distance_from_fair_value": -0.079017, "fair_value_direction": "Weakening", "relative_strength": -29.251795, "relative_strength_direction": "Improving", "price_momentum": -0.387028, "excess_performance": -0.394427, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.207228, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.091263, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.079017, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.24913, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.292518, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.038253, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.387028, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.41322, "read": "Supply-led" } ], "volume": { "latest": 294286700, "relative_activity": 1.030933, "balance": 0.41322, "dry_up": 1.376285, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.09769, "annualized_volatility": 0.751397, "from_high_reference": -0.598737, "from_low_reference": 0.092166 }, "levels": { "trend_reference": 14.947542, "fair_value_reference": 12.866684, 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14.114731 ] }, { "date": "2026-07-24", "close": 11.12, "volume": 383543621, "typical_volume": 293744679.7, "trend": 15.228218, "fair_value": 12.817556, "relative_strength": -33.02451, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.748779, "energy": 50.388762, "activity_lines": [ 11.874667, 11.802664, 12.663478, 13.8394 ] }, { "date": "2026-07-31", "close": 11.93, "volume": 251067005, "typical_volume": 285996739.9, "trend": 15.092178, "fair_value": 12.841506, "relative_strength": -26.126227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.981877, "energy": 38.773843, "activity_lines": [ 11.924, 11.801818, 12.512401, 13.626612 ] }, { "date": "2026-08-07", "close": 11.85, "volume": 294286700, "typical_volume": 285456643.0, "trend": 14.947542, "fair_value": 12.866684, "relative_strength": -29.251795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.175939, "energy": 39.10151, "activity_lines": [ 11.874667, 11.806182, 12.37427, 13.417439 ] } ], "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." } } }