{ "ticker": { "uuid": "954f14d6-72dc-4294-8a3c-1c57adb3669a", "symbol": "300412", "name": "Zhejiang Canaan Technology Limited", "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": -61.912, "architecture_energy": 51.958, "architecture_maturity": 45.458, "architecture_confidence": 93.901, "architecture_tenure": "Developing", "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": 9.96, "rotation_up": 20.43, "upward_expansion": 7.82, "deceleration": 56.66, "rotation_down": 58.89, "downward_expansion": 81.15 }, "activity_lines": [ 4.082667, 4.165091, 4.416182, 4.664395 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 4.35, "trend_reference": 5.002149, "distance_from_trend": -0.130374, "trend_direction": "Weakening", "fair_value": 4.700385, "distance_from_fair_value": -0.074544, "fair_value_direction": "Weakening", "relative_strength": -18.710079, "relative_strength_direction": "Improving", "price_momentum": -0.241667, "excess_performance": -0.249066, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.130374, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.075634, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.074544, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.182755, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.187101, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.006984, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.241667, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.390271, "read": "Supply-led" } ], "volume": { "latest": 63832773, "relative_activity": 1.182907, "balance": 0.390271, "dry_up": 1.287172, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.093263, "annualized_volatility": 0.353907, "from_high_reference": -0.297302, "from_low_reference": 0.218487 }, "levels": { "trend_reference": 5.002149, "fair_value_reference": 4.700385, "structural_low": 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4.345897, 4.63387, 4.869589 ] }, { "date": "2026-07-24", "close": 3.73, "volume": 78332108, "typical_volume": 55282154.45, "trend": 5.077939, "fair_value": 4.71535, "relative_strength": -29.007504, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.428508, "energy": 63.977351, "activity_lines": [ 4.078, 4.211642, 4.524751, 4.779308 ] }, { "date": "2026-07-31", "close": 3.98, "volume": 56861787, "typical_volume": 54862509.8, "trend": 5.033219, "fair_value": 4.706462, "relative_strength": -22.394757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.980233, "energy": 63.913495, "activity_lines": [ 4.002667, 4.145855, 4.448807, 4.708474 ] }, { "date": "2026-08-07", "close": 4.35, "volume": 63832773, "typical_volume": 53962614.25, "trend": 5.002149, "fair_value": 4.700385, "relative_strength": -18.710079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.911794, "energy": 51.957586, "activity_lines": [ 4.082667, 4.165091, 4.416182, 4.664395 ] } ], "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." } } }