{ "ticker": { "uuid": "9f102bfc-e894-4cf8-bf8f-e132f4ca7cbe", "symbol": "000650", "name": "Renhe Pharmacy 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": "Established contraction", "architecture_gate": "down", "architecture_direction": -26.946, "architecture_energy": 23.753, "architecture_maturity": 97.517, "architecture_confidence": 61.792, "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": 50.97, "rotation_up": 34.56, "upward_expansion": 18.45, "deceleration": 46.98, "rotation_down": 18.76, "downward_expansion": 52.45 }, "activity_lines": [ 5.372594, 5.272015, 5.324065, 5.438336 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 5.43, "trend_reference": 5.606376, "distance_from_trend": -0.03146, "trend_direction": "Weakening", "fair_value": 5.830257, "distance_from_fair_value": -0.068652, "fair_value_direction": "Weakening", "relative_strength": -10.116796, "relative_strength_direction": "Improving", "price_momentum": -0.093489, "excess_performance": -0.100889, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.03146, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.043444, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.068652, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.038965, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.101168, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.111995, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.093489, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.576924, "read": "Supply-led" } ], "volume": { "latest": 87356814, "relative_activity": 1.292521, "balance": 0.576924, "dry_up": 1.634499, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.04843, "annualized_volatility": 0.20807, "from_high_reference": -0.226496, "from_low_reference": 0.120414 }, "levels": { "trend_reference": 5.606376, "fair_value_reference": 5.830257, "structural_low": 4.846424, "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": 26, "median_return": 0.000146, "positive_rate": 0.5, "directional_follow_through": 0.461538, "median_excess_return": -0.003358, "regime_survival": 0.769231, "best_return": 0.142308, "worst_return": -0.11911, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.0, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": 0.0407, "regime_survival": 0.444444, "best_return": 0.329372, "worst_return": -0.23673, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.049706, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.003839, "regime_survival": 0.333333, "best_return": 0.320405, "worst_return": -0.296402, "sufficient": true }, { "horizon": 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"energy": 40.107677, "activity_lines": [ 5.193884, 5.185721, 5.351321, 5.487678 ] }, { "date": "2026-07-24", "close": 5.26, "volume": 110650759, "typical_volume": 66356686.65, "trend": 5.625376, "fair_value": 5.836882, "relative_strength": -10.685435, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.971095, "energy": 26.032863, "activity_lines": [ 5.240322, 5.190425, 5.328601, 5.462793 ] }, { "date": "2026-07-31", "close": 5.43, "volume": 95077704, "typical_volume": 67223175.3, "trend": 5.613709, "fair_value": 5.834293, "relative_strength": -5.960654, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -33.998742, "energy": 23.580976, "activity_lines": [ 5.325586, 5.231674, 5.325166, 5.450188 ] }, { "date": "2026-08-07", "close": 5.43, "volume": 87356814, "typical_volume": 67586358.15, "trend": 5.606376, "fair_value": 5.830257, "relative_strength": -10.116796, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -26.946211, "energy": 23.752591, "activity_lines": [ 5.372594, 5.272015, 5.324065, 5.438336 ] } ], "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." } } }