{ "ticker": { "uuid": "9ea25040-5ba0-4147-afd9-0312159050a4", "symbol": "000001", "name": "Ping An Bank 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 50.576, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 22.246, "architecture_energy": 35.428, "architecture_maturity": 4.451, "architecture_confidence": 79.828, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 37.74, "rotation_up": 67.09, "upward_expansion": 44.39, "deceleration": 29.16, "rotation_down": 16.87, "downward_expansion": 19.39 }, "activity_lines": [ 11.185333, 10.919458, 10.808787, 10.813604 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 11.19, "trend_reference": 10.857368, "distance_from_trend": 0.030636, "trend_direction": "Weakening", "fair_value": 10.395954, "distance_from_fair_value": 0.07638, "fair_value_direction": "Improving", "relative_strength": -3.262826, "relative_strength_direction": "Improving", "price_momentum": 0.033241, "excess_performance": 0.025841, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.030636, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.021949, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.07638, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.019271, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.032628, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.192027, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.033241, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.565987, "read": "Demand-led" } ], "volume": { "latest": 572281029, "relative_activity": 1.368255, "balance": 1.565987, "dry_up": 1.531325, "accumulation_observations": 5, "distribution_observations": 4 }, "risk": { "range_context": 0.038839, "annualized_volatility": 0.205678, "from_high_reference": -0.088348, "from_low_reference": 0.099214 }, "levels": { "trend_reference": 10.857368, "fair_value_reference": 10.395954, "structural_low": 10.18, "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": 6, "median_return": 0.039654, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.005266, "regime_survival": 0.333333, "best_return": 0.12069, "worst_return": -0.101672, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.027243, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.065586, "regime_survival": 0.0, "best_return": 0.058189, "worst_return": -0.038981, "sufficient": false }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.0079, "positive_rate": 0.75, "directional_follow_through": 0.75, "median_excess_return": -0.103348, "regime_survival": 0.0, "best_return": 0.033801, "worst_return": -0.128062, "sufficient": false }, { "horizon": "Full cycle", 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"2026-07-24", "close": 11.1, "volume": 658857635, "typical_volume": 387907746.3, "trend": 10.861702, "fair_value": 10.376501, "relative_strength": -1.567681, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.367877, "energy": 6.573805, "activity_lines": [ 10.718667, 10.654253, 10.684035, 10.743049 ] }, { "date": "2026-07-31", "close": 11.63, "volume": 833190760, "typical_volume": 409850367.15, "trend": 10.864702, "fair_value": 10.387304, "relative_strength": 5.17931, "stage": 3, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 40.819806, "energy": 37.258358, "activity_lines": [ 11.072, 10.838585, 10.76903, 10.792617 ] }, { "date": "2026-08-07", "close": 11.19, "volume": 572281029, "typical_volume": 418256249.95, "trend": 10.857368, "fair_value": 10.395954, "relative_strength": -3.262826, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 22.246414, "energy": 35.428497, "activity_lines": [ 11.185333, 10.919458, 10.808787, 10.813604 ] } ], "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." } } }