{
  "ticker": {
    "uuid": "aa5d3ece-b0c8-43dd-b9c9-d7c2a4e2ae4c",
    "symbol": "605016",
    "name": "Shandong Bailong Chuangyuan Bio-Tech 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 82.716,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Structural failure",
    "architecture_gate": "down",
    "architecture_direction": -68.016,
    "architecture_energy": 73.764,
    "architecture_maturity": 16.291,
    "architecture_confidence": 81.264,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 14.91,
        "rotation_up": 9.14,
        "upward_expansion": 16.47,
        "deceleration": 37.24,
        "rotation_down": 75.99,
        "downward_expansion": 92.14
      },
      "activity_lines": [
        21.674667,
        22.670364,
        23.959717,
        24.352718
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 21.33,
    "trend_reference": 24.478919,
    "distance_from_trend": -0.128638,
    "trend_direction": "Improving",
    "fair_value": 17.654882,
    "distance_from_fair_value": 0.208164,
    "fair_value_direction": "Weakening",
    "relative_strength": -5.578985,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.149087,
    "excess_performance": -0.105883,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.128638,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.037388,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.208164,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.451567,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.05579,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.219123,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.149087,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.4208,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 22864981,
      "relative_activity": 1.063831,
      "balance": 0.4208,
      "dry_up": 1.272373,
      "accumulation_observations": 2,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.097661,
      "annualized_volatility": 0.351497,
      "from_high_reference": -0.26225,
      "from_low_reference": 0.147877
    },
    "levels": {
      "trend_reference": 24.478919,
      "fair_value_reference": 17.654882,
      "structural_low": 20.08,
      "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": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2024-07-05",
        "end": "2024-07-19",
        "tenure": "New",
        "return": -0.014048,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-07-26",
        "end": "2024-10-11",
        "tenure": "Developing",
        "return": 0.084682,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-18",
        "end": "2024-12-06",
        "tenure": "Developing",
        "return": -0.103222,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-12-13",
        "end": "2024-12-27",
        "tenure": "New",
        "return": 0.014883,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-01-03",
        "end": "2025-02-28",
        "tenure": "Developing",
        "return": 0.027466,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-03-07",
        "end": "2025-08-08",
        "tenure": "Established",
        "return": 0.415465,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-08-15",
        "end": "2025-08-29",
        "tenure": "New",
        "return": 0.014882,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-09-05",
        "end": "2025-09-19",
        "tenure": "New",
        "return": -0.016518,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-09-26",
        "end": "2026-01-16",
        "tenure": "Established",
        "return": 0.022681,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-03-20",
        "tenure": "Developing",
        "return": -0.059846,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.131792,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "return": -0.060479,
        "active": false
      },
      {
        "regime": "deceleration",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_down",
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        "tenure": "New",
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        "active": true
      }
    ],
    "chart_path": [
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      },
      {
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      },
      {
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        "relative_strength": 0.145015,
        "stage": 3,
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 19930772.65,
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        "fair_value": 17.505087,
        "relative_strength": -0.597581,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
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      },
      {
        "date": "2026-07-24",
        "close": 21.549999,
        "volume": 23385459,
        "typical_volume": 19900620.35,
        "trend": 24.46398,
        "fair_value": 17.557026,
        "relative_strength": -1.475125,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -45.367979,
        "energy": 61.587815,
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          22.536,
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      },
      {
        "date": "2026-07-31",
        "close": 21.950001,
        "volume": 40239687,
        "typical_volume": 21096075.65,
        "trend": 24.483273,
        "fair_value": 17.606451,
        "relative_strength": -0.117412,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -38.011352,
        "energy": 61.792271,
        "activity_lines": [
          22.114667,
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      },
      {
        "date": "2026-08-07",
        "close": 21.33,
        "volume": 22864981,
        "typical_volume": 21493066.5,
        "trend": 24.478919,
        "fair_value": 17.654882,
        "relative_strength": -5.578985,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -68.015638,
        "energy": 73.763534,
        "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."
    }
  }
}