{ "ticker": { "uuid": "b2c52fdd-9775-4424-b5bd-b49ca0a43076", "symbol": "600846", "name": "Shanghai Tongji Science&Technology Industrial 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": "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": -17.701, "architecture_energy": 16.411, "architecture_maturity": 90.921, "architecture_confidence": 67.493, "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": 58.96, "rotation_up": 34.74, "upward_expansion": 19.76, "deceleration": 44.09, "rotation_down": 17.11, "downward_expansion": 51.43 }, "activity_lines": [ 11.503333, 11.068909, 11.254333, 11.621591 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 11.99, "trend_reference": 12.190333, "distance_from_trend": -0.016434, "trend_direction": "Weakening", "fair_value": 9.873487, "distance_from_fair_value": 0.214363, "fair_value_direction": "Weakening", "relative_strength": -5.718818, "relative_strength_direction": "Weakening", "price_momentum": -0.080521, "excess_performance": -0.037318, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.016434, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.102288, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.214363, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.111443, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.057188, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.007662, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.080521, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.685035, "read": "Supply-led" } ], "volume": { "latest": 37495515, "relative_activity": 1.821008, "balance": 0.685035, "dry_up": 1.905411, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.103676, "annualized_volatility": 0.418033, "from_high_reference": -0.347305, "from_low_reference": 0.3234 }, "levels": { "trend_reference": 12.190333, "fair_value_reference": 9.873487, 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"stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.158797, "energy": 36.678453, "activity_lines": [ 10.724667, 10.688364, 11.30681, 11.77729 ] }, { "date": "2026-07-24", "close": 11.01, "volume": 42665073, "typical_volume": 18697453.7, "trend": 12.315667, "fair_value": 9.837397, "relative_strength": -10.47578, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -38.02023, "energy": 22.395117, "activity_lines": [ 10.935333, 10.698727, 11.229238, 11.686409 ] }, { "date": "2026-07-31", "close": 11.55, "volume": 42310335, "typical_volume": 19708894.05, "trend": 12.229, "fair_value": 9.853792, "relative_strength": -6.509227, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.053376, "energy": 21.614218, "activity_lines": [ 11.228667, 10.838364, 11.215524, 11.637011 ] }, { "date": "2026-08-07", "close": 11.99, "volume": 37495515, "typical_volume": 20590526.85, "trend": 12.190333, "fair_value": 9.873487, "relative_strength": -5.718818, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -17.701406, "energy": 16.410895, "activity_lines": [ 11.503333, 11.068909, 11.254333, 11.621591 ] } ], "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." } } }