{ "ticker": { "uuid": "a6763cbe-2892-432a-a216-f4813bc7f621", "symbol": "002399", "name": "Shenzhen Hepalink Pharmaceutical Group 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": -35.0, "architecture_energy": 22.576, "architecture_maturity": 100.0, "architecture_confidence": 74.351, "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": 37.78, "rotation_up": 29.17, "upward_expansion": 20.08, "deceleration": 46.98, "rotation_down": 23.38, "downward_expansion": 56.42 }, "activity_lines": [ 9.712, 9.520166, 9.69587, 10.082712 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 9.96, "trend_reference": 10.670962, "distance_from_trend": -0.066626, "trend_direction": "Weakening", "fair_value": 10.825941, "distance_from_fair_value": -0.079988, "fair_value_direction": "Weakening", "relative_strength": -15.746503, "relative_strength_direction": "Improving", "price_momentum": -0.194826, "excess_performance": -0.202226, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.066626, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.074615, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.079988, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.054151, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.157465, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.119996, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.194826, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.574183, "read": "Supply-led" } ], "volume": { "latest": 24560280, "relative_activity": 1.284175, "balance": 0.574183, "dry_up": 1.438775, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.060587, "annualized_volatility": 0.230218, "from_high_reference": -0.268185, "from_low_reference": 0.152778 }, "levels": { "trend_reference": 10.670962, "fair_value_reference": 10.825941, "structural_low": 8.64, "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": 0.029747, "positive_rate": 0.692308, "directional_follow_through": 0.307692, "median_excess_return": 0.006306, "regime_survival": 0.692308, "best_return": 0.364796, "worst_return": -0.194521, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.001457, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": 0.093145, "regime_survival": 0.545455, "best_return": 0.343381, "worst_return": -0.157848, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.056117, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.181035, "regime_survival": 0.333333, "best_return": 0.314548, "worst_return": -0.206151, "sufficient": true }, { 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] }, { "date": "2026-07-10", "close": 9.54, "volume": 27329182, "typical_volume": 17330610.95, "trend": 10.954296, "fair_value": 10.866774, "relative_strength": -26.497928, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.971622, "energy": 63.19949, "activity_lines": [ 9.234109, 9.351064, 9.901657, 10.380703 ] }, { "date": "2026-07-17", "close": 9.78, "volume": 41001132, "typical_volume": 18719916.55, "trend": 10.892629, "fair_value": 10.858094, "relative_strength": -16.488393, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.638331, "energy": 44.327344, "activity_lines": [ 9.452, 9.387505, 9.843472, 10.304942 ] }, { "date": "2026-07-24", "close": 9.34, "volume": 26018699, "typical_volume": 18753103.95, "trend": 10.809962, "fair_value": 10.845597, "relative_strength": -19.784511, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -45.557574, "energy": 32.597139, "activity_lines": [ 9.479333, 9.360781, 9.754049, 10.204772 ] }, { "date": "2026-07-31", "close": 9.69, "volume": 18488165, "typical_volume": 18857831.5, "trend": 10.731962, "fair_value": 10.834722, "relative_strength": -14.62401, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.629136, "energy": 26.563391, "activity_lines": [ 9.585333, 9.412865, 9.707959, 10.132516 ] }, { "date": "2026-08-07", "close": 9.96, "volume": 24560280, "typical_volume": 19125342.85, "trend": 10.670962, "fair_value": 10.825941, "relative_strength": -15.746503, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -35.000109, "energy": 22.575588, "activity_lines": [ 9.712, 9.520166, 9.69587, 10.082712 ] } ], "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." } } }