{
  "ticker": {
    "uuid": "a726fd9f-2837-48a9-8771-257b5bd4a29f",
    "symbol": "603466",
    "name": "Shanghai Fengyuzhu Culture Technology 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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 38.855,
    "architecture_energy": 16.908,
    "architecture_maturity": 51.205,
    "architecture_confidence": 87.337,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 35.35,
        "rotation_up": 37.41,
        "upward_expansion": 59.42,
        "deceleration": 80.45,
        "rotation_down": 29.11,
        "downward_expansion": 20.75
      },
      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 11.35,
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    "distance_from_trend": 0.095586,
    "trend_direction": "Improving",
    "fair_value": 10.113598,
    "distance_from_fair_value": 0.122251,
    "fair_value_direction": "Improving",
    "relative_strength": 12.879424,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.22043,
    "excess_performance": 0.263634,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.095586,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.046642,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.122251,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.147452,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.128794,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.200857,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.22043,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.910865,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 327564821,
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      "balance": 0.910865,
      "dry_up": 1.692467,
      "accumulation_observations": 4,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.138349,
      "annualized_volatility": 0.659596,
      "from_high_reference": -0.189286,
      "from_low_reference": 0.301606
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    "levels": {
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      "fair_value_reference": 10.113598,
      "structural_low": 8.78,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 16,
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        "positive_rate": 0.3125,
        "directional_follow_through": 0.3125,
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      },
      {
        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 178301681.7,
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        "fair_value": 10.142148,
        "relative_strength": -2.747859,
        "stage": 1,
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        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 179871300.3,
        "trend": 10.293416,
        "fair_value": 10.121793,
        "relative_strength": 4.305818,
        "stage": 1,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 25.594348,
        "energy": 11.272422,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 11.35,
        "volume": 327564821,
        "typical_volume": 190345199.55,
        "trend": 10.359749,
        "fair_value": 10.113598,
        "relative_strength": 12.879424,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 38.854998,
        "energy": 16.907503,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}