{ "ticker": { "uuid": "a6b9910d-3fb4-41e1-8123-4011d02cdd9e", "symbol": "600796", "name": "Zhejiang Qianjiang Biochemical 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": -49.389, "architecture_energy": 48.254, "architecture_maturity": 88.559, "architecture_confidence": 62.406, "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": 20.79, "rotation_up": 27.61, "upward_expansion": 21.01, "deceleration": 66.96, "rotation_down": 40.33, "downward_expansion": 68.68 }, "activity_lines": [ 4.892667, 4.857669, 5.150506, 5.488475 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 5.04, "trend_reference": 5.891248, "distance_from_trend": -0.144494, "trend_direction": "Weakening", "fair_value": 5.473251, "distance_from_fair_value": -0.079158, "fair_value_direction": "Weakening", "relative_strength": -14.992836, "relative_strength_direction": "Weakening", "price_momentum": -0.262079, "excess_performance": -0.218875, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.144494, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.074334, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.079158, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.206122, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.149928, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.067135, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.262079, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.692753, "read": "Supply-led" } ], "volume": { "latest": 31339515, "relative_activity": 0.998393, "balance": 0.692753, "dry_up": 1.029449, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.064926, "annualized_volatility": 0.285897, "from_high_reference": -0.308642, "from_low_reference": 0.12 }, "levels": { "trend_reference": 5.891248, "fair_value_reference": 5.473251, "structural_low": 4.5, "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": 15, "median_return": 0.014389, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.029499, "regime_survival": 0.6, "best_return": 0.131514, "worst_return": -0.132836, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.092106, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": 0.064154, "regime_survival": 0.285714, "best_return": 0.528117, "worst_return": -0.08675, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.076922, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.143578, "regime_survival": 0.4, "best_return": 0.541026, "worst_return": -0.138723, "sufficient": true }, { "horizon": "Full cycle", "sample_count": 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"Established contraction", "gate": "down", "direction": -71.474423, "energy": 66.038728, "activity_lines": [ 4.764419, 4.850304, 5.271958, 5.614528 ] }, { "date": "2026-07-31", "close": 4.9, "volume": 31007722, "typical_volume": 34080602.25, "trend": 5.925248, "fair_value": 5.474947, "relative_strength": -15.456666, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.365112, "energy": 59.95429, "activity_lines": [ 4.813898, 4.835623, 5.199446, 5.545588 ] }, { "date": "2026-08-07", "close": 5.04, "volume": 31339515, "typical_volume": 31389946.9, "trend": 5.891248, "fair_value": 5.473251, "relative_strength": -14.992836, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.389331, "energy": 48.253505, "activity_lines": [ 4.892667, 4.857669, 5.150506, 5.488475 ] } ], "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." } } }