{ "ticker": { "uuid": "b11d5b33-26dd-4b70-bc41-d993b5921b67", "symbol": "301230", "name": "PharmaResources (Shanghai) 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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -14.265, "architecture_energy": 11.175, "architecture_maturity": 19.961, "architecture_confidence": 46.985, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 60.48, "rotation_up": 25.72, "upward_expansion": 14.33, "deceleration": 52.67, "rotation_down": 34.21, "downward_expansion": 64.0 }, "activity_lines": [ 28.140116, 28.061734, 28.427752, 29.164438 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": 0.166667 }, "latest_close": 32.419998, "trend_reference": 30.511563, "distance_from_trend": 0.062548, "trend_direction": "Improving", "fair_value": 26.635947, "distance_from_fair_value": 0.217152, "fair_value_direction": "Improving", "relative_strength": 10.292361, "relative_strength_direction": "Improving", "price_momentum": -0.118529, "excess_performance": -0.125928, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.062548, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.044549, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.217152, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.00933, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.102924, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.149542, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.118529, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.708894, "read": "Supply-led" } ], "volume": { "latest": 73996537, "relative_activity": 1.287194, "balance": 0.708894, "dry_up": 1.364274, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.139165, "annualized_volatility": 0.615972, "from_high_reference": -0.376084, "from_low_reference": 0.470499 }, "levels": { "trend_reference": 30.511563, "fair_value_reference": 26.635947, 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26.873139, "relative_strength": -22.562834, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -36.591801, "energy": 59.626265, "activity_lines": [ 26.47975, 28.04968, 29.336233, 29.847035 ] }, { "date": "2026-06-26", "close": 26.435921, "volume": 53658324, "typical_volume": 44525494.75, "trend": 29.419909, "fair_value": 26.847913, "relative_strength": -20.893135, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -33.971802, "energy": 54.40158, "activity_lines": [ 26.313603, 27.534833, 28.937244, 29.663056 ] }, { "date": "2026-07-03", "close": 30.655882, "volume": 84410536, "typical_volume": 45406025.15, "trend": 29.649405, "fair_value": 26.84575, "relative_strength": -6.80815, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.618441, "energy": 19.347449, "activity_lines": [ 27.758991, 27.863423, 28.989412, 29.742796 ] }, { "date": "2026-07-10", "close": 30.70175, "volume": 77013739, "typical_volume": 47218721.9, "trend": 29.90357, "fair_value": 26.84221, "relative_strength": -2.884935, "stage": 2, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -25.544826, "energy": 14.656706, "activity_lines": [ 28.977071, 28.245666, 29.067462, 29.81069 ] }, { "date": "2026-07-17", "close": 28.719999, "volume": 112547633, "typical_volume": 51659265.4, "trend": 30.080233, "fair_value": 26.813149, "relative_strength": 0.143066, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -27.587657, "energy": 17.703544, "activity_lines": [ 29.178827, 28.284826, 28.975158, 29.73433 ] }, { "date": "2026-07-24", "close": 24.700001, "volume": 72493447, "typical_volume": 53341601.45, "trend": 30.122642, "fair_value": 26.761024, "relative_strength": -13.646418, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -47.44702, "energy": 22.372889, "activity_lines": [ 27.882196, 27.663581, 28.525525, 29.387218 ] }, { "date": "2026-07-31", "close": 24.440001, "volume": 54672836, "typical_volume": 54846938.55, "trend": 30.19046, "fair_value": 26.66123, "relative_strength": -12.667401, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -58.75789, "energy": 32.554815, "activity_lines": [ 26.614626, 27.09112, 28.082767, 29.020596 ] }, { "date": "2026-08-07", "close": 32.419998, "volume": 73996537, "typical_volume": 57486709.35, "trend": 30.511563, "fair_value": 26.635947, "relative_strength": 10.292361, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -14.264731, "energy": 11.175445, "activity_lines": [ 28.140116, 28.061734, 28.427752, 29.164438 ] } ], "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." } } }