{
  "ticker": {
    "uuid": "aa279793-e9a1-4b46-bbda-b328aca52f49",
    "symbol": "688363",
    "name": "Bloomage BioTechnology Corporation Limited",
    "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": -29.527,
    "architecture_energy": 20.766,
    "architecture_maturity": 100.0,
    "architecture_confidence": 73.433,
    "architecture_tenure": "Extended",
    "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": 43.75,
        "rotation_up": 33.68,
        "upward_expansion": 20.93,
        "deceleration": 44.13,
        "rotation_down": 22.29,
        "downward_expansion": 54.93
      },
      "activity_lines": [
        38.053999,
        37.093518,
        37.635607,
        39.069487
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 38.759998,
    "trend_reference": 41.21248,
    "distance_from_trend": -0.059508,
    "trend_direction": "Weakening",
    "fair_value": 55.81399,
    "distance_from_fair_value": -0.30555,
    "fair_value_direction": "Improving",
    "relative_strength": -14.834576,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.1354,
    "excess_performance": -0.092197,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.059508,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.081261,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.30555,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.001167,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.148346,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.079788,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.1354,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.000999,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 21187933,
      "relative_activity": 1.454368,
      "balance": 1.000999,
      "dry_up": 1.954781,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.077407,
      "annualized_volatility": 0.357409,
      "from_high_reference": -0.373323,
      "from_low_reference": 0.148801
    },
    "levels": {
      "trend_reference": 41.21248,
      "fair_value_reference": 55.81399,
      "structural_low": 33.739521,
      "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": 39,
        "median_return": 0.003904,
        "positive_rate": 0.512821,
        "directional_follow_through": 0.487179,
        "median_excess_return": -0.028104,
        "regime_survival": 0.846154,
        "best_return": 0.447044,
        "worst_return": -0.202436,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 14,
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        "positive_rate": 0.428571,
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        "median_excess_return": -0.02388,
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        "worst_return": -0.256251,
        "sufficient": true
      },
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        "horizon": "Extended",
        "sample_count": 8,
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        "worst_return": -0.337798,
        "sufficient": true
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      {
        "horizon": "Full cycle",
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        "sufficient": false
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      {
        "regime": "balance",
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      {
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      {
        "regime": "rotation_down",
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      {
        "regime": "rotation_up",
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        "regime": "balance",
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      },
      {
        "date": "2026-07-24",
        "close": 36.330002,
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        "fair_value": 56.478655,
        "relative_strength": -18.796056,
        "stage": 4,
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        "modifier": "Established contraction",
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        "energy": 35.790121,
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      },
      {
        "date": "2026-07-31",
        "close": 40.029999,
        "volume": 31801568,
        "typical_volume": 14100632.05,
        "trend": 41.37648,
        "fair_value": 56.162125,
        "relative_strength": -10.280786,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -30.108982,
        "energy": 19.926057,
        "activity_lines": [
          37.480095,
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      },
      {
        "date": "2026-08-07",
        "close": 38.759998,
        "volume": 21187933,
        "typical_volume": 14568481.35,
        "trend": 41.21248,
        "fair_value": 55.81399,
        "relative_strength": -14.834576,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -29.527314,
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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."
    }
  }
}