{
  "ticker": {
    "uuid": "b10ce236-bcd2-43e9-b9ca-c99e9d718f94",
    "symbol": "002234",
    "name": "Shandong Minhe Animal Husbandry 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": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -44.281,
    "architecture_energy": 36.365,
    "architecture_maturity": 81.119,
    "architecture_confidence": 84.993,
    "architecture_tenure": "Established",
    "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": 27.32,
        "rotation_up": 26.79,
        "upward_expansion": 17.51,
        "deceleration": 46.46,
        "rotation_down": 33.84,
        "downward_expansion": 62.85
      },
      "activity_lines": [
        7.074667,
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        7.313095,
        7.673527
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.166667
    },
    "latest_close": 7.24,
    "trend_reference": 8.142667,
    "distance_from_trend": -0.110856,
    "trend_direction": "Weakening",
    "fair_value": 9.610385,
    "distance_from_fair_value": -0.246648,
    "fair_value_direction": "Weakening",
    "relative_strength": -17.61784,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.236287,
    "excess_performance": -0.243687,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.110856,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.07676,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.246648,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.052275,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.176178,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.035859,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.236287,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.483363,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 20267550,
      "relative_activity": 0.769665,
      "balance": 0.483363,
      "dry_up": 0.942233,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.070017,
      "annualized_volatility": 0.298828,
      "from_high_reference": -0.300483,
      "from_low_reference": 0.117284
    },
    "levels": {
      "trend_reference": 8.142667,
      "fair_value_reference": 9.610385,
      "structural_low": 6.48,
      "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": 26,
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        "positive_rate": 0.423077,
        "directional_follow_through": 0.576923,
        "median_excess_return": -0.03496,
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        "worst_return": -0.204233,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
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        "regime_survival": 0.6,
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        "worst_return": -0.23382,
        "sufficient": true
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      {
        "horizon": "Extended",
        "sample_count": 6,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 27110260.95,
        "trend": 8.188667,
        "fair_value": 9.688141,
        "relative_strength": -16.31619,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.350064,
        "energy": 40.727826,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 7.24,
        "volume": 20267550,
        "typical_volume": 26332954.85,
        "trend": 8.142667,
        "fair_value": 9.610385,
        "relative_strength": -17.61784,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.281382,
        "energy": 36.364775,
        "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."
    }
  }
}