{
  "ticker": {
    "uuid": "9df118a1-3f56-4005-8afd-09f7794fd703",
    "symbol": "688295",
    "name": "Zhongfu Shenying Carbon Fiber 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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 68.267,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -23.942,
    "architecture_energy": 57.639,
    "architecture_maturity": 5.731,
    "architecture_confidence": 62.082,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 37.86,
        "rotation_up": 16.86,
        "upward_expansion": 29.56,
        "deceleration": 46.74,
        "rotation_down": 66.28,
        "downward_expansion": 52.22
      },
      "activity_lines": [
        41.467333,
        45.066,
        48.468429,
        48.167602
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.333333
    },
    "latest_close": 44.709999,
    "trend_reference": 45.698575,
    "distance_from_trend": -0.021633,
    "trend_direction": "Improving",
    "fair_value": 28.253298,
    "distance_from_fair_value": 0.58247,
    "fair_value_direction": "Weakening",
    "relative_strength": 20.503682,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.362292,
    "excess_performance": 0.405496,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.021633,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.174992,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.58247,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.586063,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.205037,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.586698,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.362292,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.540554,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 44389341,
      "relative_activity": 0.75647,
      "balance": 0.540554,
      "dry_up": 0.588765,
      "accumulation_observations": 0,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.136107,
      "annualized_volatility": 0.83647,
      "from_high_reference": -0.331075,
      "from_low_reference": 1.094461
    },
    "levels": {
      "trend_reference": 45.698575,
      "fair_value_reference": 28.253298,
      "structural_low": 29.072003,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 2,
        "median_return": 0.117739,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.090678,
        "regime_survival": 0.5,
        "best_return": 0.186096,
        "worst_return": 0.049383,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
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        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.111566,
        "regime_survival": 0.0,
        "best_return": 0.122334,
        "worst_return": 0.122334,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.188552,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.098275,
        "regime_survival": 0.0,
        "best_return": 0.188552,
        "worst_return": 0.188552,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 1,
        "median_return": 0.90853,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.643218,
        "regime_survival": 0.0,
        "best_return": 0.90853,
        "worst_return": 0.90853,
        "sufficient": false
      }
    ],
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-11-22",
        "tenure": "Developing",
        "return": -0.097836,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-11-29",
        "end": "2025-01-10",
        "tenure": "Developing",
        "return": -0.184235,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-02-21",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-03-07",
        "tenure": "New",
        "return": 0.048273,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2025-03-21",
        "tenure": "New",
        "return": -0.038774,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-04-11",
        "tenure": "New",
        "return": -0.070986,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-07-25",
        "tenure": "Established",
        "return": 0.1165,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-10-31",
        "tenure": "Established",
        "return": 0.194625,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-12-26",
        "tenure": "Developing",
        "return": 0.185747,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "end": "2026-02-27",
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        "return": -0.020725,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-03-13",
        "tenure": "New",
        "return": 0.48385,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
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      {
        "regime": "deceleration",
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        "active": false
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      {
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        "active": true
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      },
      {
        "date": "2026-05-08",
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      },
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        "date": "2026-05-22",
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        "date": "2026-06-05",
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        "date": "2026-06-12",
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      },
      {
        "date": "2026-06-26",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 68300124.85,
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        "fair_value": 28.029354,
        "relative_strength": 50.574535,
        "stage": 2,
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        "modifier": "Recompressing",
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        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 69653266.35,
        "trend": 44.195182,
        "fair_value": 28.12901,
        "relative_strength": 36.993369,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
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        "direction": 37.148319,
        "energy": 24.772719,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
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        "volume": 36774915,
        "typical_volume": 70674054.35,
        "trend": 44.635046,
        "fair_value": 28.144185,
        "relative_strength": 12.76271,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": -10.166527,
        "energy": 11.515243,
        "activity_lines": [
          48.038667,
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          51.457104,
          48.993615
        ]
      },
      {
        "date": "2026-07-24",
        "close": 38.889999,
        "volume": 31108645,
        "typical_volume": 70973174.2,
        "trend": 45.05692,
        "fair_value": 28.161721,
        "relative_strength": 10.337223,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "mixed",
        "direction": -36.133642,
        "energy": 48.887431,
        "activity_lines": [
          44.292,
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          50.302681,
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      },
      {
        "date": "2026-07-31",
        "close": 38.59,
        "volume": 25921117,
        "typical_volume": 66309069.0,
        "trend": 45.301232,
        "fair_value": 28.18882,
        "relative_strength": 8.101656,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -34.187328,
        "energy": 62.804973,
        "activity_lines": [
          41.262666,
          45.610909,
          49.078884,
          48.205747
        ]
      },
      {
        "date": "2026-08-07",
        "close": 44.709999,
        "volume": 44389341,
        "typical_volume": 58679594.0,
        "trend": 45.698575,
        "fair_value": 28.253298,
        "relative_strength": 20.503682,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -23.942425,
        "energy": 57.639493,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}