{ "ticker": { "uuid": "98a0ec09-52b6-4c60-9177-19c4d77f9d7a", "symbol": "603004", "name": "Zhejiang Dragon Technology 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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "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": -54.974, "architecture_energy": 45.897, "architecture_maturity": 39.493, "architecture_confidence": 67.209, "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": 31.47, "rotation_up": 11.62, "upward_expansion": 7.15, "deceleration": 45.3, "rotation_down": 66.99, "downward_expansion": 75.82 }, "activity_lines": [ 19.260667, 20.258727, 20.507498, 21.025829 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 20.93, "trend_reference": 21.88545, "distance_from_trend": -0.043657, "trend_direction": "Weakening", "fair_value": 21.251861, "distance_from_fair_value": -0.015145, "fair_value_direction": "Weakening", "relative_strength": -6.216795, "relative_strength_direction": "Improving", "price_momentum": -0.127326, "excess_performance": -0.084122, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.043657, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.035202, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.015145, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.018203, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.062168, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.075715, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.127326, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.078661, "read": "Demand-led" } ], "volume": { "latest": 25039713, "relative_activity": 1.931641, "balance": 1.078661, "dry_up": 1.561714, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.107981, "annualized_volatility": 0.499605, "from_high_reference": -0.201449, "from_low_reference": 0.254044 }, "levels": { "trend_reference": 21.88545, "fair_value_reference": 21.251861, "structural_low": 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22.780667, 21.727635, 21.468871, 21.907352 ] }, { "date": "2026-07-17", "close": 19.129999, "volume": 14418918, "typical_volume": 11931318.35, "trend": 22.302382, "fair_value": 21.310539, "relative_strength": -11.5425, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.930076, "energy": 24.119577, "activity_lines": [ 21.716667, 21.346588, 21.214457, 21.695691 ] }, { "date": "2026-07-24", "close": 17.01, "volume": 19613896, "typical_volume": 12174226.6, "trend": 22.12863, "fair_value": 21.278204, "relative_strength": -21.925344, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.995433, "energy": 47.195275, "activity_lines": [ 20.019333, 20.621384, 20.787895, 21.354247 ] }, { "date": "2026-07-31", "close": 18.07, "volume": 21904979, "typical_volume": 12394721.95, "trend": 21.961847, "fair_value": 21.254262, "relative_strength": -17.009094, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.904976, "energy": 65.192742, "activity_lines": [ 18.974, 20.153818, 20.497614, 21.0924 ] }, { "date": "2026-08-07", "close": 20.93, "volume": 25039713, "typical_volume": 12962923.7, "trend": 21.88545, "fair_value": 21.251861, "relative_strength": -6.216795, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.974264, "energy": 45.896651, "activity_lines": [ 19.260667, 20.258727, 20.507498, 21.025829 ] } ], "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." } } }