{
  "ticker": {
    "uuid": "a9965c51-4e46-4ee5-87bc-96719334f6ad",
    "symbol": "NTES",
    "name": "NetEase Inc",
    "exchange": "NASDAQ",
    "country": "US",
    "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": "QQQ",
    "stage": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 55.646,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Early expansion",
    "architecture_gate": "up",
    "architecture_direction": 63.555,
    "architecture_energy": 45.916,
    "architecture_maturity": 9.845,
    "architecture_confidence": 74.518,
    "architecture_tenure": "New",
    "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": 20.9,
        "rotation_up": 60.89,
        "upward_expansion": 82.73,
        "deceleration": 50.31,
        "rotation_down": 19.26,
        "downward_expansion": 9.4
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      "activity_lines": [
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      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.666667
    },
    "latest_close": 132.22,
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    "distance_from_trend": 0.098061,
    "trend_direction": "Weakening",
    "fair_value": 106.732859,
    "distance_from_fair_value": 0.238794,
    "fair_value_direction": "Improving",
    "relative_strength": -10.134545,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.092642,
    "excess_performance": -0.094812,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.098061,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.028546,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.238794,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.130075,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.101345,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.154378,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.092642,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.796971,
        "read": "Demand-led"
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    ],
    "volume": {
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      "dry_up": 0.990735,
      "accumulation_observations": 4,
      "distribution_observations": 4
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    "risk": {
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      "annualized_volatility": 0.307197,
      "from_high_reference": -0.154778,
      "from_low_reference": 0.254165
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      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
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        "directional_follow_through": 0.555556,
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      },
      {
        "date": "2026-04-17",
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      },
      {
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      },
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      },
      {
        "date": "2026-05-08",
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      },
      {
        "date": "2026-05-15",
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      },
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      },
      {
        "date": "2026-05-29",
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": -20.295811,
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      },
      {
        "date": "2026-06-12",
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "gate": "mixed",
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      },
      {
        "date": "2026-07-03",
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        "typical_volume": 4266089.75,
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        "fair_value": 105.735332,
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        "stage": 4,
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        "modifier": "Structural repair",
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      },
      {
        "date": "2026-07-10",
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        "typical_volume": 4399110.15,
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        "fair_value": 105.930556,
        "relative_strength": -14.703613,
        "stage": 1,
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        "gate": "mixed",
        "direction": 36.867222,
        "energy": 37.780411,
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      },
      {
        "date": "2026-07-17",
        "close": 131.29,
        "volume": 5485133,
        "typical_volume": 4473097.05,
        "trend": 121.5181,
        "fair_value": 106.165263,
        "relative_strength": -8.318871,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 42.993418,
        "energy": 49.958907,
        "activity_lines": [
          127.936,
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          120.116224
        ]
      },
      {
        "date": "2026-07-24",
        "close": 119.55,
        "volume": 4947670,
        "typical_volume": 4360781.9,
        "trend": 120.972301,
        "fair_value": 106.287365,
        "relative_strength": -14.687098,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "mixed",
        "direction": 25.071003,
        "energy": 24.758155,
        "activity_lines": [
          125.679333,
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      },
      {
        "date": "2026-07-31",
        "close": 133.27,
        "volume": 3553177,
        "typical_volume": 4315828.4,
        "trend": 120.572419,
        "fair_value": 106.497238,
        "relative_strength": -5.135009,
        "stage": 1,
        "regime": "rotation_up",
        "modifier": "Value reclamation",
        "gate": "up",
        "direction": 69.318894,
        "energy": 46.671286,
        "activity_lines": [
          128.114667,
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          122.649331,
          120.78265
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      },
      {
        "date": "2026-08-07",
        "close": 132.22,
        "volume": 2814819,
        "typical_volume": 4239476.95,
        "trend": 120.4122,
        "fair_value": 106.732859,
        "relative_strength": -10.134545,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Early expansion",
        "gate": "up",
        "direction": 63.554757,
        "energy": 45.915585,
        "activity_lines": [
          129.562667,
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          123.879147,
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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."
    }
  }
}