{ "ticker": { "uuid": "9662ddb8-e247-47b5-8be6-5b1456797a16", "symbol": "002517", "name": "Kingnet Network 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": -20.414, "architecture_energy": 12.291, "architecture_maturity": 95.033, "architecture_confidence": 62.932, "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": 52.52, "rotation_up": 29.7, "upward_expansion": 20.17, "deceleration": 44.01, "rotation_down": 20.86, "downward_expansion": 54.17 }, "activity_lines": [ 16.824667, 16.419026, 16.472822, 17.290398 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 17.93, "trend_reference": 18.958275, "distance_from_trend": -0.054239, "trend_direction": "Weakening", "fair_value": 15.439374, "distance_from_fair_value": 0.161317, "fair_value_direction": "Weakening", "relative_strength": -16.921675, "relative_strength_direction": "Improving", "price_momentum": -0.280498, "excess_performance": -0.287897, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.054239, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.098473, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.161317, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.057067, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.169217, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.103151, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.280498, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.622813, "read": "Supply-led" } ], "volume": { "latest": 603671210, "relative_activity": 2.117951, "balance": 0.622813, "dry_up": 1.800805, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.093318, "annualized_volatility": 0.509848, "from_high_reference": -0.412131, "from_low_reference": 0.266243 }, "levels": { "trend_reference": 18.958275, "fair_value_reference": 15.439374, "structural_low": 14.16, "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": 16, "median_return": 0.037647, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": 0.016756, "regime_survival": 0.8125, "best_return": 0.242021, "worst_return": -0.159719, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.05492, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.111555, "regime_survival": 0.5, "best_return": 0.523243, "worst_return": -0.205915, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.319149, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.266402, "regime_survival": 0.0, "best_return": 0.440898, "worst_return": 0.111881, "sufficient": false }, { "horizon": "Full cycle", 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-40.735378, "energy": 27.107761, "activity_lines": [ 16.342667, 15.963159, 16.595464, 17.798 ] }, { "date": "2026-07-24", "close": 14.88, "volume": 440923694, "typical_volume": 264304992.1, "trend": 19.261609, "fair_value": 15.399993, "relative_strength": -29.076449, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.982236, "energy": 32.963532, "activity_lines": [ 15.96, 15.76325, 16.359282, 17.498864 ] }, { "date": "2026-07-31", "close": 17.190001, "volume": 480557750, "typical_volume": 267439045.65, "trend": 19.089609, "fair_value": 15.414865, "relative_strength": -16.484491, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.712069, "energy": 22.739049, "activity_lines": [ 16.322001, 16.03152, 16.375862, 17.365212 ] }, { "date": "2026-08-07", "close": 17.93, "volume": 603671210, "typical_volume": 285026102.05, "trend": 18.958275, "fair_value": 15.439374, "relative_strength": -16.921675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -20.413761, "energy": 12.290928, "activity_lines": [ 16.824667, 16.419026, 16.472822, 17.290398 ] } ], "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." } } }