{
  "ticker": {
    "uuid": "b1362ec3-896d-4303-8527-187125c763d8",
    "symbol": "300246",
    "name": "Guangdong Biolight Meditech 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": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Momentum cooling",
    "architecture_gate": "up",
    "architecture_direction": 49.161,
    "architecture_energy": 39.674,
    "architecture_maturity": 34.792,
    "architecture_confidence": 76.342,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The upward structure remains, but its energy is decelerating.",
        "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down."
      },
      "scores": {
        "balance": 27.91,
        "rotation_up": 60.0,
        "upward_expansion": 70.61,
        "deceleration": 49.61,
        "rotation_down": 17.61,
        "downward_expansion": 18.61
      },
      "activity_lines": [
        17.998,
        17.01,
        17.064047,
        16.535849
      ],
      "activity_state": "Moderate",
      "activity_direction": "Expanding",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 19.26,
    "trend_reference": 15.596333,
    "distance_from_trend": 0.234906,
    "trend_direction": "Improving",
    "fair_value": 9.54585,
    "distance_from_fair_value": 1.017631,
    "fair_value_direction": "Weakening",
    "relative_strength": 49.539552,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.53222,
    "excess_performance": 0.52482,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.234906,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.21297,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.017631,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.042514,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.495396,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.003896,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.53222,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.710936,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 0,
      "relative_activity": 0.0,
      "balance": 1.710936,
      "dry_up": 1.063596,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.135794,
      "annualized_volatility": 0.713797,
      "from_high_reference": -0.123749,
      "from_low_reference": 1.511082
    },
    "levels": {
      "trend_reference": 15.596333,
      "fair_value_reference": 9.54585,
      "structural_low": 12.16,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 5,
        "median_return": -0.038005,
        "positive_rate": 0.2,
        "directional_follow_through": 0.2,
        "median_excess_return": -0.066705,
        "regime_survival": 0.8,
        "best_return": 0.035336,
        "worst_return": -0.231701,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 2,
        "median_return": 0.312107,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": 0.276254,
        "regime_survival": 0.5,
        "best_return": 0.732573,
        "worst_return": -0.108359,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 1,
        "median_return": 0.544834,
        "positive_rate": 1.0,
        "directional_follow_through": 1.0,
        "median_excess_return": 0.471941,
        "regime_survival": 0.0,
        "best_return": 0.544834,
        "worst_return": 0.544834,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2023-11-24",
        "tenure": "New",
        "return": 0.065179,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2023-12-15",
        "tenure": "New",
        "return": -0.059701,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2023-12-22",
        "end": "2024-09-27",
        "tenure": "Extended",
        "return": -0.337561,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-11-01",
        "tenure": "Developing",
        "return": -0.115334,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-01-10",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "end": "2025-02-14",
        "tenure": "Developing",
        "return": 0.098569,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-03-14",
        "tenure": "New",
        "return": -0.023256,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "New",
        "return": -0.023256,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "end": "2025-06-06",
        "tenure": "Developing",
        "return": 0.179448,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Established",
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        "active": false
      },
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        "regime": "deceleration",
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        "end": "2025-12-19",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
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        "active": true
      }
    ],
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      },
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 68775785.4,
        "trend": 14.854667,
        "fair_value": 9.455076,
        "relative_strength": 44.108763,
        "stage": 2,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 19.26,
        "volume": 77515299,
        "typical_volume": 65882193.05,
        "trend": 15.224333,
        "fair_value": 9.500463,
        "relative_strength": 59.241576,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 45.942571,
        "energy": 23.118601,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 19.26,
        "volume": 0,
        "typical_volume": 58261290.55,
        "trend": 15.596333,
        "fair_value": 9.54585,
        "relative_strength": 49.539552,
        "stage": 2,
        "regime": "deceleration",
        "modifier": "Momentum cooling",
        "gate": "up",
        "direction": 49.161246,
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        "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."
    }
  }
}