{
  "ticker": {
    "uuid": "ac08760e-82bf-4cc8-b352-d93857f1e469",
    "symbol": "002881",
    "name": "MeiG Smart Technology 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": "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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -52.64,
    "architecture_energy": 31.935,
    "architecture_maturity": 27.503,
    "architecture_confidence": 90.559,
    "architecture_tenure": "Developing",
    "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": 30.87,
        "rotation_up": 16.75,
        "upward_expansion": 3.21,
        "deceleration": 55.35,
        "rotation_down": 53.09,
        "downward_expansion": 76.54
      },
      "activity_lines": [
        37.482431,
        38.170734,
        39.65484,
        40.466672
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 37.669998,
    "trend_reference": 42.019687,
    "distance_from_trend": -0.103516,
    "trend_direction": "Weakening",
    "fair_value": 34.911961,
    "distance_from_fair_value": 0.079,
    "fair_value_direction": "Weakening",
    "relative_strength": -17.778772,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.157836,
    "excess_performance": -0.165236,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.103516,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.032496,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.079,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.128593,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.177788,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.086144,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.157836,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.707784,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 37908802,
      "relative_activity": 1.097984,
      "balance": 0.707784,
      "dry_up": 1.751941,
      "accumulation_observations": 4,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.134762,
      "annualized_volatility": 0.540119,
      "from_high_reference": -0.38996,
      "from_low_reference": 0.110227
    },
    "levels": {
      "trend_reference": 42.019687,
      "fair_value_reference": 34.911961,
      "structural_low": 33.93,
      "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": 21,
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        "positive_rate": 0.571429,
        "directional_follow_through": 0.428571,
        "median_excess_return": 0.025358,
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        "worst_return": -0.217449,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 9,
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        "positive_rate": 0.666667,
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        "worst_return": -0.277833,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
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      },
      {
        "horizon": "Full cycle",
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      {
        "regime": "deceleration",
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        "date": "2026-04-17",
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 38.240002,
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        "typical_volume": 34930878.7,
        "trend": 42.513354,
        "fair_value": 34.840263,
        "relative_strength": -14.830422,
        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -52.56639,
        "energy": 36.238293,
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      },
      {
        "date": "2026-07-31",
        "close": 35.099998,
        "volume": 47868160,
        "typical_volume": 33827649.8,
        "trend": 42.249354,
        "fair_value": 34.868034,
        "relative_strength": -19.989786,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.947288,
        "energy": 39.399305,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 37.669998,
        "volume": 37908802,
        "typical_volume": 34525819.05,
        "trend": 42.019687,
        "fair_value": 34.911961,
        "relative_strength": -17.778772,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -52.639854,
        "energy": 31.935242,
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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."
    }
  }
}