{
  "ticker": {
    "uuid": "a9cc41d5-edab-4425-8ca6-4f8d8a5469af",
    "symbol": "002245",
    "name": "Jiangsu Azure Corporation",
    "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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 12.162,
    "architecture_energy": 18.836,
    "architecture_maturity": 74.231,
    "architecture_confidence": 74.026,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 55.86,
        "rotation_up": 19.88,
        "upward_expansion": 47.67,
        "deceleration": 85.14,
        "rotation_down": 39.59,
        "downward_expansion": 28.01
      },
      "activity_lines": [
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        16.667926
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 17.65,
    "trend_reference": 15.145122,
    "distance_from_trend": 0.165392,
    "trend_direction": "Improving",
    "fair_value": 9.07251,
    "distance_from_fair_value": 0.945437,
    "fair_value_direction": "Improving",
    "relative_strength": 24.921989,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.545096,
    "excess_performance": 0.537696,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.165392,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.182626,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.945437,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.118757,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.24922,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.172951,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.545096,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.373997,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 392272405,
      "relative_activity": 0.786393,
      "balance": 1.373997,
      "dry_up": 0.989206,
      "accumulation_observations": 3,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.154704,
      "annualized_volatility": 0.528827,
      "from_high_reference": -0.239552,
      "from_low_reference": 0.831703
    },
    "levels": {
      "trend_reference": 15.145122,
      "fair_value_reference": 9.07251,
      "structural_low": 10.83192,
      "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": 11,
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        "positive_rate": 0.636364,
        "directional_follow_through": 0.636364,
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        "regime_survival": 0.636364,
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        "worst_return": -0.158689,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
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        "regime_survival": 0.2,
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        "worst_return": -0.136442,
        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "directional_follow_through": 1.0,
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        "worst_return": 0.109375,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "sufficient": false
      }
    ],
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        "tenure": "Extended",
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      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Established",
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
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      {
        "regime": "rotation_up",
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      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      },
      {
        "regime": "deceleration",
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      {
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        "active": false
      },
      {
        "regime": "balance",
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      },
      {
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        "energy": 29.977815,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 495704262.6,
        "trend": 14.842314,
        "fair_value": 8.95189,
        "relative_strength": 21.427359,
        "stage": 2,
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        "direction": 33.128686,
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      },
      {
        "date": "2026-07-31",
        "close": 15.88,
        "volume": 404027969,
        "typical_volume": 493819143.25,
        "trend": 14.955483,
        "fair_value": 9.006848,
        "relative_strength": 19.252525,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 17.608915,
        "energy": 21.305435,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 17.65,
        "volume": 392272405,
        "typical_volume": 498825127.05,
        "trend": 15.145122,
        "fair_value": 9.07251,
        "relative_strength": 24.921989,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 12.162109,
        "energy": 18.835612,
        "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."
    }
  }
}