{ "ticker": { "uuid": "ad185443-8cdc-41c0-898c-9c68b0f9b749", "symbol": "300417", "name": "Nanhua Instruments 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": -63.404, "architecture_energy": 55.49, "architecture_maturity": 38.95, "architecture_confidence": 89.856, "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": 8.74, "rotation_up": 17.97, "upward_expansion": 8.76, "deceleration": 57.28, "rotation_down": 62.87, "downward_expansion": 82.09 }, "activity_lines": [ 9.910667, 10.124727, 11.269615, 11.860484 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 10.6, "trend_reference": 12.576307, "distance_from_trend": -0.157145, "trend_direction": "Weakening", "fair_value": 11.329057, "distance_from_fair_value": -0.064353, "fair_value_direction": "Weakening", "relative_strength": -20.715437, "relative_strength_direction": "Weakening", "price_momentum": -0.193942, "excess_performance": -0.201342, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.157145, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.077254, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.064353, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.415564, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.207154, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.146252, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.193942, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.301608, "read": "Supply-led" } ], "volume": { "latest": 19917460, "relative_activity": 1.142491, "balance": 0.301608, "dry_up": 1.235425, "accumulation_observations": 2, "distribution_observations": 6 }, "risk": { "range_context": 0.114573, "annualized_volatility": 0.467458, "from_high_reference": -0.324709, "from_low_reference": 0.267943 }, "levels": { "trend_reference": 12.576307, "fair_value_reference": 11.329057, 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"2026-07-10", "close": 10.29, "volume": 19147690, "typical_volume": 16785614.15, "trend": 13.099342, "fair_value": 11.351422, "relative_strength": -29.643788, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.324916, "energy": 85.903377, "activity_lines": [ 10.522, 11.446938, 12.284375, 12.676784 ] }, { "date": "2026-07-17", "close": 9.45, "volume": 19666550, "typical_volume": 17064555.65, "trend": 12.970026, "fair_value": 11.344052, "relative_strength": -28.376127, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.487655, "energy": 88.78304, "activity_lines": [ 10.111333, 10.911959, 11.968429, 12.441342 ] }, { "date": "2026-07-24", "close": 9.01, "volume": 26448110, "typical_volume": 17331480.45, "trend": 12.816428, "fair_value": 11.333608, "relative_strength": -31.341557, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.532054, "energy": 83.679509, "activity_lines": [ 9.676667, 10.400975, 11.634501, 12.185857 ] }, { "date": "2026-07-31", "close": 9.86, "volume": 20118360, "typical_volume": 17453091.75, "trend": 12.686853, "fair_value": 11.329119, "relative_strength": -23.072, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.275169, "energy": 67.243349, "activity_lines": [ 9.66, 10.150383, 11.406309, 11.995119 ] }, { "date": "2026-08-07", "close": 10.6, "volume": 19917460, "typical_volume": 17433367.85, "trend": 12.576307, "fair_value": 11.329057, "relative_strength": -20.715437, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.404407, "energy": 55.489869, "activity_lines": [ 9.910667, 10.124727, 11.269615, 11.860484 ] } ], "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." } } }