{ "ticker": { "uuid": "919f76bc-5bd6-4a05-b2b7-4f6c3d1af418", "symbol": "688030", "name": "Hillstone Networks 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 61.397, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -11.626, "architecture_energy": 7.912, "architecture_maturity": 26.375, "architecture_confidence": 57.858, "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": 58.51, "rotation_up": 21.97, "upward_expansion": 13.78, "deceleration": 60.43, "rotation_down": 33.3, "downward_expansion": 61.44 }, "activity_lines": [ 15.948, 15.752545, 15.932762, 16.088624 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 18.059999, "trend_reference": 16.579667, "distance_from_trend": 0.089286, "trend_direction": "Weakening", "fair_value": 16.255513, "distance_from_fair_value": 0.111008, "fair_value_direction": "Improving", "relative_strength": 1.598624, "relative_strength_direction": "Improving", "price_momentum": 0.017465, "excess_performance": 0.060669, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.089286, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.056365, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.111008, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.099561, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.015986, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.14837, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.017465, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.822044, "read": "Supply-led" } ], "volume": { "latest": 26870686, "relative_activity": 2.064935, "balance": 0.822044, "dry_up": 1.760457, "accumulation_observations": 4, "distribution_observations": 5 }, "risk": { "range_context": 0.107548, "annualized_volatility": 0.463704, "from_high_reference": -0.22088, "from_low_reference": 0.378626 }, "levels": { "trend_reference": 16.579667, "fair_value_reference": 16.255513, "structural_low": 13.1, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": -0.009516, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": 0.018324, "regime_survival": 0.785714, "best_return": 0.38664, "worst_return": -0.25371, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.063845, "positive_rate": 0.363636, "directional_follow_through": 0.636364, "median_excess_return": -0.054389, "regime_survival": 0.545455, "best_return": 0.584705, "worst_return": -0.22918, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.021308, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.029365, "regime_survival": 0.333333, "best_return": 0.448209, "worst_return": -0.353162, "sufficient": true }, { 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"activity_lines": [ 15.74, 16.057636, 16.089476, 16.400667 ] }, { "date": "2026-07-17", "close": 14.2, "volume": 22777679, "typical_volume": 11427976.95, "trend": 16.782667, "fair_value": 16.342885, "relative_strength": -17.360269, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -68.328117, "energy": 58.281826, "activity_lines": [ 15.181333, 15.671818, 15.901619, 16.225828 ] }, { "date": "2026-07-24", "close": 14.05, "volume": 23632855, "typical_volume": 11931618.2, "trend": 16.660667, "fair_value": 16.300513, "relative_strength": -18.877649, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.417339, "energy": 58.646017, "activity_lines": [ 14.68, 15.308364, 15.718429, 16.049527 ] }, { "date": "2026-07-31", "close": 15.79, "volume": 18353006, "typical_volume": 12125329.3, "trend": 16.583333, "fair_value": 16.26641, "relative_strength": -8.945098, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -54.327936, "energy": 46.850566, "activity_lines": [ 14.955333, 15.306182, 15.714619, 15.993355 ] }, { "date": "2026-08-07", "close": 18.059999, "volume": 26870686, "typical_volume": 13012847.15, "trend": 16.579667, "fair_value": 16.255513, "relative_strength": 1.598624, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -11.625527, "energy": 7.911671, "activity_lines": [ 15.948, 15.752545, 15.932762, 16.088624 ] } ], "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." } } }