{ "ticker": { "uuid": "a4026798-affb-4505-a92c-d5bc6f9e8d92", "symbol": "603739", "name": "Qingdao Vland Biotech INC.", "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": -62.544, "architecture_energy": 53.846, "architecture_maturity": 48.929, "architecture_confidence": 95.523, "architecture_tenure": "Developing", "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": 8.22, "rotation_up": 22.8, "upward_expansion": 8.78, "deceleration": 58.34, "rotation_down": 56.73, "downward_expansion": 82.12 }, "activity_lines": [ 11.527333, 11.704545, 12.502026, 13.159305 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 11.99, "trend_reference": 13.967989, "distance_from_trend": -0.141609, "trend_direction": "Weakening", "fair_value": 13.247136, "distance_from_fair_value": -0.094899, "fair_value_direction": "Weakening", "relative_strength": -14.869045, "relative_strength_direction": "Weakening", "price_momentum": -0.221924, "excess_performance": -0.17872, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.141609, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.064924, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.094899, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.229713, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.14869, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.103852, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.221924, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.458542, "read": "Supply-led" } ], "volume": { "latest": 14019089, "relative_activity": 0.871597, "balance": 0.458542, "dry_up": 1.032699, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.084527, "annualized_volatility": 0.329884, "from_high_reference": -0.343643, "from_low_reference": 0.122659 }, "levels": { "trend_reference": 13.967989, "fair_value_reference": 13.247136, "structural_low": 10.68, "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": 21, "median_return": -0.009872, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.006538, "regime_survival": 0.809524, "best_return": 0.231794, "worst_return": -0.088259, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.022639, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.011191, "regime_survival": 0.428571, "best_return": 1.01382, "worst_return": -0.114342, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.082706, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.064099, "regime_survival": 0.2, "best_return": 0.259995, "worst_return": -0.120526, "sufficient": true }, 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14.129021, "fair_value": 13.268099, "relative_strength": -21.576735, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.539728, "energy": 65.302729, "activity_lines": [ 11.538667, 11.880413, 12.853544, 13.476425 ] }, { "date": "2026-07-31", "close": 11.26, "volume": 13196594, "typical_volume": 18071864.95, "trend": 14.036338, "fair_value": 13.256156, "relative_strength": -18.277062, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.364519, "energy": 61.944224, "activity_lines": [ 11.403333, 11.703455, 12.631938, 13.291327 ] }, { "date": "2026-08-07", "close": 11.99, "volume": 14019089, "typical_volume": 16084361.7, "trend": 13.967989, "fair_value": 13.247136, "relative_strength": -14.869045, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.544436, "energy": 53.845514, "activity_lines": [ 11.527333, 11.704545, 12.502026, 13.159305 ] } ], "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." } } }