{ "ticker": { "uuid": "9bb078b2-39e3-477c-beeb-15dac46ac9fa", "symbol": "688251", "name": "Hefei Jingsong Intelligent 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": "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": -67.45, "architecture_energy": 85.662, "architecture_maturity": 28.012, "architecture_confidence": 92.82, "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": 8.02, "rotation_up": 12.53, "upward_expansion": 21.51, "deceleration": 37.21, "rotation_down": 75.41, "downward_expansion": 97.18 }, "activity_lines": [ 20.160666, 21.512798, 24.366051, 26.410704 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 21.73, "trend_reference": 28.044189, "distance_from_trend": -0.225151, "trend_direction": "Weakening", "fair_value": 18.94764, "distance_from_fair_value": 0.146845, "fair_value_direction": "Weakening", "relative_strength": -19.945911, "relative_strength_direction": "Weakening", "price_momentum": -0.191592, "excess_performance": -0.148388, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.225151, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.048941, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.146845, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.560659, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.199459, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.312299, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.191592, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.488064, "read": "Supply-led" } ], "volume": { "latest": 11861386, "relative_activity": 1.041701, "balance": 0.488064, "dry_up": 0.957125, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.120533, "annualized_volatility": 0.468643, "from_high_reference": -0.43966, "from_low_reference": 0.282763 }, "levels": { "trend_reference": 28.044189, "fair_value_reference": 18.94764, "structural_low": 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"typical_volume": 13131508.85, "trend": 29.408189, "fair_value": 18.841759, "relative_strength": -12.012027, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -65.775406, "energy": 68.090234, "activity_lines": [ 24.882927, 25.78386, 28.640472, 29.186034 ] }, { "date": "2026-07-10", "close": 22.65, "volume": 8473874, "typical_volume": 12846708.3, "trend": 29.263189, "fair_value": 18.88206, "relative_strength": -18.047892, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.606619, "energy": 63.075671, "activity_lines": [ 24.172549, 24.984302, 27.920493, 28.750022 ] }, { "date": "2026-07-17", "close": 19.6, "volume": 8808093, "typical_volume": 12869022.7, "trend": 28.960523, "fair_value": 18.894774, "relative_strength": -24.706861, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.651679, "energy": 80.272979, "activity_lines": [ 22.588777, 23.790563, 26.93637, 28.126591 ] }, { "date": "2026-07-24", "close": 18.209999, "volume": 11553848, "typical_volume": 12194194.65, "trend": 28.595856, "fair_value": 18.900725, "relative_strength": -30.841069, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -84.882139, "energy": 91.313001, "activity_lines": [ 20.811768, 22.557368, 25.86601, 27.433008 ] }, { "date": "2026-07-31", "close": 19.32, "volume": 11370077, "typical_volume": 11793088.95, "trend": 28.299856, "fair_value": 18.913978, "relative_strength": -26.881022, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.167753, "energy": 89.12485, "activity_lines": [ 19.873971, 21.727083, 24.967459, 26.834566 ] }, { "date": "2026-08-07", "close": 21.73, "volume": 11861386, "typical_volume": 11386551.35, "trend": 28.044189, "fair_value": 18.94764, "relative_strength": -19.945911, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.45014, "energy": 85.662497, "activity_lines": [ 20.160666, 21.512798, 24.366051, 26.410704 ] } ], "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." } } }