{ "ticker": { "uuid": "ae66914b-ba79-4dbd-b6f6-f0369b79df7b", "symbol": "603042", "name": "Nanjing Huamai Technology 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": 51.382, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -63.205, "architecture_energy": 67.051, "architecture_maturity": 11.854, "architecture_confidence": 81.895, "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": 13.43, "rotation_up": 11.12, "upward_expansion": 14.48, "deceleration": 38.47, "rotation_down": 71.92, "downward_expansion": 90.15 }, "activity_lines": [ 11.840667, 12.491557, 13.759464, 14.246698 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 13.1, "trend_reference": 14.526019, "distance_from_trend": -0.09817, "trend_direction": "Improving", "fair_value": 11.396526, "distance_from_fair_value": 0.149473, "fair_value_direction": "Weakening", "relative_strength": -3.069537, "relative_strength_direction": "Weakening", "price_momentum": 0.000899, "excess_performance": 0.044103, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.09817, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.013177, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.149473, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.348635, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.030695, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.195745, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.000899, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.431758, "read": "Supply-led" } ], "volume": { "latest": 60736772, "relative_activity": 0.669137, "balance": 0.431758, "dry_up": 0.661341, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.151373, "annualized_volatility": 0.545847, "from_high_reference": -0.295648, "from_low_reference": 0.367432 }, "levels": { "trend_reference": 14.526019, "fair_value_reference": 11.396526, "structural_low": 9.58, "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": 17, "median_return": 0.023529, "positive_rate": 0.647059, "directional_follow_through": 0.352941, "median_excess_return": 0.006069, "regime_survival": 0.764706, "best_return": 0.27165, "worst_return": -0.289993, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.016232, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.017254, "regime_survival": 0.428571, "best_return": 0.326743, "worst_return": -0.262083, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.005851, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.065424, "regime_survival": 0.4, "best_return": 0.82102, "worst_return": -0.28659, "sufficient": true }, { "horizon": "Full cycle", 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"2026-07-24", "close": 10.83, "volume": 60400155, "typical_volume": 100154697.4, "trend": 14.592456, "fair_value": 11.407677, "relative_strength": -17.440879, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -74.411599, "energy": 79.406445, "activity_lines": [ 11.741333, 13.010819, 14.257751, 14.54712 ] }, { "date": "2026-07-31", "close": 11.36, "volume": 45786772, "typical_volume": 95534196.7, "trend": 14.524089, "fair_value": 11.394283, "relative_strength": -13.606398, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.002089, "energy": 77.693252, "activity_lines": [ 11.384667, 12.545715, 13.915634, 14.338575 ] }, { "date": "2026-08-07", "close": 13.1, "volume": 60736772, "typical_volume": 90768785.05, "trend": 14.526019, "fair_value": 11.396526, "relative_strength": -3.069537, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.204781, "energy": 67.051476, "activity_lines": [ 11.840667, 12.491557, 13.759464, 14.246698 ] } ], "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." } } }