{
  "ticker": {
    "uuid": "ab332cce-72fe-412a-ad1a-ec8b16df1eda",
    "symbol": "000929",
    "name": "Lanzhou Huanghe Enterprise Co., Ltd",
    "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": 4,
    "stage_name": "Declining",
    "phase": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 71.752,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -61.96,
    "architecture_energy": 60.32,
    "architecture_maturity": 13.5,
    "architecture_confidence": 80.716,
    "architecture_tenure": "New",
    "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": 22.63,
        "rotation_up": 12.37,
        "upward_expansion": 11.63,
        "deceleration": 42.0,
        "rotation_down": 67.29,
        "downward_expansion": 84.97
      },
      "activity_lines": [
        8.457333,
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        9.322238,
        9.566882
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 8.91,
    "trend_reference": 9.831667,
    "distance_from_trend": -0.093745,
    "trend_direction": "Improving",
    "fair_value": 8.270769,
    "distance_from_fair_value": 0.077288,
    "fair_value_direction": "Weakening",
    "relative_strength": -6.563286,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.109,
    "excess_performance": -0.1164,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.093745,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.009584,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.077288,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.262601,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.065633,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.079847,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.109,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.985258,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 17269377,
      "relative_activity": 1.03618,
      "balance": 0.985258,
      "dry_up": 1.295048,
      "accumulation_observations": 4,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.098938,
      "annualized_volatility": 0.392481,
      "from_high_reference": -0.258735,
      "from_low_reference": 0.240947
    },
    "levels": {
      "trend_reference": 9.831667,
      "fair_value_reference": 8.270769,
      "structural_low": 7.18,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 16,
        "median_return": 0.025302,
        "positive_rate": 0.5625,
        "directional_follow_through": 0.4375,
        "median_excess_return": -0.001847,
        "regime_survival": 0.6875,
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        "worst_return": -0.189655,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "positive_rate": 0.714286,
        "directional_follow_through": 0.285714,
        "median_excess_return": 0.038407,
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        "best_return": 0.470687,
        "worst_return": -0.184426,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.0554,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "worst_return": -0.29393,
        "sufficient": false
      }
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        "color": "amber",
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        "active": false
      },
      {
        "regime": "balance",
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        "tenure": "Developing",
        "return": -0.137838,
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      },
      {
        "regime": "downward_expansion",
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      },
      {
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      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      },
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        "regime": "upward_expansion",
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      },
      {
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        "active": false
      },
      {
        "regime": "upward_expansion",
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      {
        "regime": "balance",
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        "active": false
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      },
      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 15729448.7,
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        "relative_strength": -9.020408,
        "stage": 3,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
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        "energy": 77.903019,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 7.59,
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        "typical_volume": 16330135.55,
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        "fair_value": 8.285769,
        "relative_strength": -17.832392,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -85.326842,
        "energy": 84.391885,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 8.49,
        "volume": 18908290,
        "typical_volume": 16683997.8,
        "trend": 9.828333,
        "fair_value": 8.277308,
        "relative_strength": -6.498383,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.685554,
        "energy": 72.658639,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 8.91,
        "volume": 17269377,
        "typical_volume": 16666391.15,
        "trend": 9.831667,
        "fair_value": 8.270769,
        "relative_strength": -6.563286,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -61.959738,
        "energy": 60.320122,
        "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."
    }
  }
}