{ "ticker": { "uuid": "95b19d84-4461-421a-8ba0-a8a47821d6c0", "symbol": "603889", "name": "Zhejiang Xinao Textiles Inc.", "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": 3, "stage_name": "Distribution", "phase": "3c", "phase_label": "Stage 3C \u00b7 Breakdown watch", "transition": "stage_3_to_4_watch", "transition_label": "Stage 3 \u2192 4 watch", "confidence": 55.59, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -40.461, "architecture_energy": 22.467, "architecture_maturity": 49.813, "architecture_confidence": 76.878, "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": 38.48, "rotation_up": 24.93, "upward_expansion": 14.21, "deceleration": 46.3, "rotation_down": 34.48, "downward_expansion": 64.21 }, "activity_lines": [ 5.581333, 5.547636, 5.696998, 5.819682 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 5.54, "trend_reference": 5.997494, "distance_from_trend": -0.076281, "trend_direction": "Improving", "fair_value": 5.005205, "distance_from_fair_value": 0.106848, "fair_value_direction": "Weakening", "relative_strength": -0.90823, "relative_strength_direction": "Weakening", "price_momentum": -0.173935, "excess_performance": -0.130731, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.076281, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.00034, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.106848, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.144869, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.009082, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.081105, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.173935, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.781991, "read": "Supply-led" } ], "volume": { "latest": 58030498, "relative_activity": 0.948821, "balance": 0.781991, "dry_up": 0.960548, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.072247, "annualized_volatility": 0.353014, "from_high_reference": -0.209777, "from_low_reference": 0.292122 }, "levels": { "trend_reference": 5.997494, "fair_value_reference": 5.005205, "structural_low": 5.1, 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"activity_lines": [ 5.369333, 5.53545, 5.754639, 5.888808 ] }, { "date": "2026-07-24", "close": 5.55, "volume": 62764637, "typical_volume": 60275513.2, "trend": 5.999354, "fair_value": 4.998407, "relative_strength": 3.228653, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -60.657661, "energy": 63.844882, "activity_lines": [ 5.412, 5.518811, 5.723421, 5.859947 ] }, { "date": "2026-07-31", "close": 5.84, "volume": 58977779, "typical_volume": 60459898.05, "trend": 6.004752, "fair_value": 5.002958, "relative_strength": 7.674923, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.918185, "energy": 33.43482, "activity_lines": [ 5.561333, 5.562364, 5.723984, 5.849666 ] }, { "date": "2026-08-07", "close": 5.54, "volume": 58030498, "typical_volume": 61160649.2, "trend": 5.997494, "fair_value": 5.005205, "relative_strength": -0.90823, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -40.461177, "energy": 22.466912, "activity_lines": [ 5.581333, 5.547636, 5.696998, 5.819682 ] } ], "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." } } }