{ "ticker": { "uuid": "b2e588a6-85da-4590-99b5-9a2df79d011a", "symbol": "603707", "name": "Nanjing King-Friend Biochemical Pharmaceutical 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": -36.165, "architecture_energy": 25.146, "architecture_maturity": 89.354, "architecture_confidence": 74.976, "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": 36.31, "rotation_up": 29.85, "upward_expansion": 20.97, "deceleration": 47.0, "rotation_down": 23.53, "downward_expansion": 57.3 }, "activity_lines": [ 7.92, 7.72542, 7.953096, 8.336429 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 8.1, "trend_reference": 8.798831, "distance_from_trend": -0.079423, "trend_direction": "Weakening", "fair_value": 11.603492, "distance_from_fair_value": -0.301934, "fair_value_direction": "Weakening", "relative_strength": -13.857195, "relative_strength_direction": "Improving", "price_momentum": -0.144667, "excess_performance": -0.101464, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.079423, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.070437, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.301934, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.047213, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.138572, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.067343, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.144667, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.639201, "read": "Supply-led" } ], "volume": { "latest": 44463485, "relative_activity": 0.948372, "balance": 0.639201, "dry_up": 1.468906, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.068922, "annualized_volatility": 0.286836, "from_high_reference": -0.32047, "from_low_reference": 0.184211 }, "levels": { "trend_reference": 8.798831, "fair_value_reference": 11.603492, "structural_low": 6.84, "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": 33, "median_return": -0.019364, "positive_rate": 0.454545, "directional_follow_through": 0.545455, "median_excess_return": -0.012825, "regime_survival": 0.787879, "best_return": 0.198939, "worst_return": -0.132768, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 14, "median_return": -0.031642, "positive_rate": 0.357143, "directional_follow_through": 0.642857, "median_excess_return": -0.031689, "regime_survival": 0.642857, "best_return": 0.322881, "worst_return": -0.162467, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.102579, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.079979, "regime_survival": 0.5, "best_return": 0.133768, "worst_return": -0.189491, "sufficient": true }, { 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"activity_lines": [ 7.547333, 7.59176, 8.128499, 8.522503 ] }, { "date": "2026-07-24", "close": 7.55, "volume": 67291363, "typical_volume": 47052518.15, "trend": 8.867164, "fair_value": 11.671814, "relative_strength": -18.577509, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.602363, "energy": 43.744884, "activity_lines": [ 7.596, 7.557553, 8.025857, 8.433654 ] }, { "date": "2026-07-31", "close": 8.09, "volume": 60058447, "typical_volume": 47582629.7, "trend": 8.829831, "fair_value": 11.640801, "relative_strength": -12.408645, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.941613, "energy": 31.372471, "activity_lines": [ 7.798, 7.640433, 7.984834, 8.383514 ] }, { "date": "2026-08-07", "close": 8.1, "volume": 44463485, "typical_volume": 46884032.55, "trend": 8.798831, "fair_value": 11.603492, "relative_strength": -13.857195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.164915, "energy": 25.1465, "activity_lines": [ 7.92, 7.72542, 7.953096, 8.336429 ] } ], "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." } } }