{ "ticker": { "uuid": "98e6d3b3-12bf-4f96-b063-56a91db08047", "symbol": "300235", "name": "Shenzhen Fangzhi Technology Equity 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -65.42, "architecture_energy": 76.085, "architecture_maturity": 19.42, "architecture_confidence": 80.744, "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": 12.19, "rotation_up": 9.26, "upward_expansion": 17.31, "deceleration": 37.43, "rotation_down": 76.8, "downward_expansion": 92.98 }, "activity_lines": [ 11.066, 11.679091, 12.471139, 12.816722 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 11.55, "trend_reference": 13.473297, "distance_from_trend": -0.142749, "trend_direction": "Weakening", "fair_value": 11.389677, "distance_from_fair_value": 0.014076, "fair_value_direction": "Weakening", "relative_strength": -19.626932, "relative_strength_direction": "Weakening", "price_momentum": -0.217048, "excess_performance": -0.224448, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.142749, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.093693, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.014076, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.194248, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.196269, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.032937, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.217048, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.138449, "read": "Demand-led" } ], "volume": { "latest": 39877206, "relative_activity": 1.246988, "balance": 1.138449, "dry_up": 1.056047, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.101294, "annualized_volatility": 0.38375, "from_high_reference": -0.391266, "from_low_reference": 0.18219 }, "levels": { "trend_reference": 13.473297, "fair_value_reference": 11.389677, "structural_low": 9.77, "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": 22, "median_return": 0.034913, "positive_rate": 0.727273, "directional_follow_through": 0.272727, "median_excess_return": 0.007301, "regime_survival": 0.681818, "best_return": 0.38604, "worst_return": -0.118316, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.153082, "positive_rate": 0.777778, "directional_follow_through": 0.222222, "median_excess_return": 0.09369, "regime_survival": 0.333333, "best_return": 0.852356, "worst_return": -0.205734, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.072449, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.120488, "regime_survival": 0.2, "best_return": 0.683131, "worst_return": -0.085299, "sufficient": true }, { "horizon": "Full cycle", 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"fair_value": 11.390076, "relative_strength": -27.58034, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.754274, "energy": 86.782292, "activity_lines": [ 11.249333, 12.154637, 12.796731, 13.133376 ] }, { "date": "2026-07-31", "close": 10.99, "volume": 30864600, "typical_volume": 31458954.6, "trend": 13.630928, "fair_value": 11.38653, "relative_strength": -20.000699, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.996111, "energy": 80.677373, "activity_lines": [ 11.018, 11.846909, 12.602304, 12.950975 ] }, { "date": "2026-08-07", "close": 11.55, "volume": 39877206, "typical_volume": 31978812.45, "trend": 13.473297, "fair_value": 11.389677, "relative_strength": -19.626932, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.4202, "energy": 76.084802, "activity_lines": [ 11.066, 11.679091, 12.471139, 12.816722 ] } ], "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." } } }