{ "ticker": { "uuid": "b33a95fd-599b-43ce-8abe-8c34ae9f2178", "symbol": "002335", "name": "Kehua Data 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -66.605, "architecture_energy": 81.829, "architecture_maturity": 23.212, "architecture_confidence": 85.768, "architecture_tenure": "New", "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": 10.27, "rotation_up": 8.45, "upward_expansion": 19.56, "deceleration": 37.02, "rotation_down": 78.95, "downward_expansion": 95.23 }, "activity_lines": [ 30.359333, 33.172545, 36.565724, 38.076215 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 31.25, "trend_reference": 39.816455, "distance_from_trend": -0.215149, "trend_direction": "Weakening", "fair_value": 26.843211, "distance_from_fair_value": 0.164168, "fair_value_direction": "Weakening", "relative_strength": -23.922703, "relative_strength_direction": "Weakening", "price_momentum": -0.266207, "excess_performance": -0.273606, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.215149, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.016716, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.164168, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.627562, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.239227, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.25902, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.266207, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.264885, "read": "Supply-led" } ], "volume": { "latest": 122257444, "relative_activity": 0.836341, "balance": 0.264885, "dry_up": 0.799302, "accumulation_observations": 0, "distribution_observations": 4 }, "risk": { "range_context": 0.139798, "annualized_volatility": 0.578049, "from_high_reference": -0.420567, "from_low_reference": 0.139264 }, "levels": { "trend_reference": 39.816455, "fair_value_reference": 26.843211, "structural_low": 27.43, "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": 21, "median_return": -0.02087, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.000719, "regime_survival": 0.857143, "best_return": 0.376753, "worst_return": -0.220419, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.114937, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": -0.073344, "regime_survival": 0.625, "best_return": 0.457258, "worst_return": -0.241323, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.099124, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.131938, "regime_survival": 0.25, "best_return": 0.180782, "worst_return": -0.217457, "sufficient": false }, { "horizon": "Full 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39.269929, 40.479881, 40.819082 ] }, { "date": "2026-07-17", "close": 29.75, "volume": 115377042, "typical_volume": 175926852.1, "trend": 40.555241, "fair_value": 26.769335, "relative_strength": -25.082016, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.178935, "energy": 61.224372, "activity_lines": [ 35.574666, 37.285319, 39.402618, 40.102716 ] }, { "date": "2026-07-24", "close": 29.58, "volume": 119209749, "typical_volume": 172278089.05, "trend": 40.349489, "fair_value": 26.790611, "relative_strength": -25.604988, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.409471, "energy": 80.228226, "activity_lines": [ 32.981333, 35.574188, 38.370779, 39.394636 ] }, { "date": "2026-07-31", "close": 28.700001, "volume": 110527735, "typical_volume": 153773581.4, "trend": 40.036043, "fair_value": 26.801216, "relative_strength": -26.543037, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.730863, "energy": 84.449382, "activity_lines": [ 30.748, 34.005455, 37.311228, 38.643056 ] }, { "date": "2026-08-07", "close": 31.25, "volume": 122257444, "typical_volume": 146181317.5, "trend": 39.816455, "fair_value": 26.843211, "relative_strength": -23.922703, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.605303, "energy": 81.829106, "activity_lines": [ 30.359333, 33.172545, 36.565724, 38.076215 ] } ], "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." } } }