{
  "ticker": {
    "uuid": "9ed1a5e8-cadf-4c84-a66a-b4cbd22db845",
    "symbol": "605555",
    "name": "Ningbo Dechang Electrical Machinery Made 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": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -65.801,
    "architecture_energy": 70.285,
    "architecture_maturity": 57.258,
    "architecture_confidence": 86.309,
    "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": 4.03,
        "rotation_up": 12.69,
        "upward_expansion": 14.78,
        "deceleration": 41.35,
        "rotation_down": 73.12,
        "downward_expansion": 90.45
      },
      "activity_lines": [
        11.543333,
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        13.443289,
        14.253134
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 12.1,
    "trend_reference": 15.428322,
    "distance_from_trend": -0.215728,
    "trend_direction": "Weakening",
    "fair_value": 15.625867,
    "distance_from_fair_value": -0.225643,
    "fair_value_direction": "Weakening",
    "relative_strength": -25.804935,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.32703,
    "excess_performance": -0.283826,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.215728,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.102698,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.225643,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.272659,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.258049,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.127697,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.32703,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.527451,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 20322518,
      "relative_activity": 0.737537,
      "balance": 0.527451,
      "dry_up": 1.005101,
      "accumulation_observations": 1,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.128458,
      "annualized_volatility": 0.592956,
      "from_high_reference": -0.415459,
      "from_low_reference": 0.161228
    },
    "levels": {
      "trend_reference": 15.428322,
      "fair_value_reference": 15.625867,
      "structural_low": 10.42,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 11,
        "median_return": 0.012232,
        "positive_rate": 0.636364,
        "directional_follow_through": 0.363636,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
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        "regime_survival": 0.25,
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        "worst_return": -0.303986,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
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        "sufficient": false
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      {
        "horizon": "Full cycle",
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      {
        "regime": "rotation_up",
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        "regime": "deceleration",
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        "regime": "balance",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 27432236.6,
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        "relative_strength": -28.260273,
        "stage": 4,
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        "energy": 79.234505,
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      },
      {
        "date": "2026-08-07",
        "close": 12.1,
        "volume": 20322518,
        "typical_volume": 27554575.05,
        "trend": 15.428322,
        "fair_value": 15.625867,
        "relative_strength": -25.804935,
        "stage": 4,
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        "modifier": "Established contraction",
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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."
    }
  }
}