{ "ticker": { "uuid": "a10157a0-c760-4797-909b-adc5535451ba", "symbol": "603060", "name": "China Testing & Certification International Group 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "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": -63.137, "architecture_energy": 72.07, "architecture_maturity": 17.817, "architecture_confidence": 85.078, "architecture_tenure": "New", "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": 22.65, "rotation_up": 9.98, "upward_expansion": 16.54, "deceleration": 37.66, "rotation_down": 71.41, "downward_expansion": 89.88 }, "activity_lines": [ 5.357333, 5.63962, 6.096596, 6.254172 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 5.46, "trend_reference": 6.406249, "distance_from_trend": -0.147707, "trend_direction": "Weakening", "fair_value": 7.060215, "distance_from_fair_value": -0.226652, "fair_value_direction": "Weakening", "relative_strength": -15.069358, "relative_strength_direction": "Weakening", "price_momentum": -0.167683, "excess_performance": -0.124479, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.147707, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.016276, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.226652, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.162778, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.150694, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.113491, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.167683, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.909818, "read": "Supply-led" } ], "volume": { "latest": 40745728, "relative_activity": 0.716358, "balance": 0.909818, "dry_up": 0.649973, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.116144, "annualized_volatility": 0.414661, "from_high_reference": -0.321993, "from_low_reference": 0.085487 }, "levels": { "trend_reference": 6.406249, "fair_value_reference": 7.060215, "structural_low": 5.03, "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": 30, "median_return": 0.017771, "positive_rate": 0.533333, "directional_follow_through": 0.466667, "median_excess_return": -0.011938, "regime_survival": 0.733333, "best_return": 0.282244, "worst_return": -0.13875, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.05298, "positive_rate": 0.727273, "directional_follow_through": 0.272727, "median_excess_return": 0.092712, "regime_survival": 0.272727, "best_return": 0.273445, "worst_return": -0.28158, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": 0.056802, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": -0.022588, "regime_survival": 0.375, "best_return": 0.296233, "worst_return": -0.287987, "sufficient": true }, { "horizon": 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balance after advance", "gate": "down", "direction": -71.672172, "energy": 73.042796, "activity_lines": [ 5.642108, 6.163663, 6.40737, 6.471102 ] }, { "date": "2026-07-24", "close": 5.15, "volume": 46565592, "typical_volume": 56375814.1, "trend": 6.451583, "fair_value": 7.121532, "relative_strength": -18.464079, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -74.474756, "energy": 81.974457, "activity_lines": [ 5.390867, 5.932141, 6.278477, 6.385043 ] }, { "date": "2026-07-31", "close": 5.39, "volume": 26570859, "typical_volume": 56142059.1, "trend": 6.426916, "fair_value": 7.091606, "relative_strength": -14.504194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.677984, "energy": 78.583062, "activity_lines": [ 5.335333, 5.76718, 6.180822, 6.316554 ] }, { "date": "2026-08-07", "close": 5.46, "volume": 40745728, "typical_volume": 56878969.2, "trend": 6.406249, "fair_value": 7.060215, "relative_strength": -15.069358, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.137128, "energy": 72.070461, "activity_lines": [ 5.357333, 5.63962, 6.096596, 6.254172 ] } ], "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." } } }