{
  "ticker": {
    "uuid": "b54e5496-319b-4c7e-b76d-38af2cddb975",
    "symbol": "300649",
    "name": "Hangzhou Landscape Architecture Design Institute 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": 3,
    "stage_name": "Distribution",
    "phase": "3b",
    "phase_label": "Stage 3B \u00b7 Distribution",
    "transition": "stage_3_churning",
    "transition_label": "Stage 3 range intact",
    "confidence": 96.0,
    "architecture_regime": "deceleration",
    "architecture_regime_label": "Deceleration",
    "architecture_modifier": "Recompressing",
    "architecture_gate": "up",
    "architecture_direction": 28.456,
    "architecture_energy": 24.269,
    "architecture_maturity": 77.0,
    "architecture_confidence": 90.667,
    "architecture_tenure": "New",
    "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": 39.95,
        "rotation_up": 27.18,
        "upward_expansion": 58.9,
        "deceleration": 85.5,
        "rotation_down": 37.9,
        "downward_expansion": 20.23
      },
      "activity_lines": [
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        23.606386,
        21.774124
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.333333
    },
    "latest_close": 24.41,
    "trend_reference": 19.490921,
    "distance_from_trend": 0.252378,
    "trend_direction": "Improving",
    "fair_value": 14.958134,
    "distance_from_fair_value": 0.631888,
    "fair_value_direction": "Improving",
    "relative_strength": 31.624947,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.601706,
    "excess_performance": 0.594306,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.252378,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.206956,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.631888,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.298868,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.316249,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.300982,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.601706,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.658594,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 32506103,
      "relative_activity": 1.31373,
      "balance": 0.658594,
      "dry_up": 1.489532,
      "accumulation_observations": 3,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.198638,
      "annualized_volatility": 0.932327,
      "from_high_reference": -0.224587,
      "from_low_reference": 0.907031
    },
    "levels": {
      "trend_reference": 19.490921,
      "fair_value_reference": 14.958134,
      "structural_low": 12.8,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 12,
        "median_return": -0.044486,
        "positive_rate": 0.25,
        "directional_follow_through": 0.25,
        "median_excess_return": -0.068516,
        "regime_survival": 0.75,
        "best_return": 0.038168,
        "worst_return": -0.118694,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
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        "positive_rate": 0.0,
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        "median_excess_return": -0.160525,
        "regime_survival": 0.25,
        "best_return": -0.001762,
        "worst_return": -0.22688,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
        "median_excess_return": -0.329939,
        "regime_survival": 0.0,
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        "worst_return": -0.317581,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
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        "worst_return": 0.292382,
        "sufficient": false
      }
    ],
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      {
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      },
      {
        "regime": "balance",
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      {
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      },
      {
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      },
      {
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 22819653.05,
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        "fair_value": 14.97789,
        "relative_strength": 29.701449,
        "stage": 2,
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        "modifier": "Established expansion",
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        "energy": 35.294198,
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      },
      {
        "date": "2026-07-31",
        "close": 17.639999,
        "volume": 34130088,
        "typical_volume": 23781426.7,
        "trend": 19.155921,
        "fair_value": 14.956122,
        "relative_strength": 0.578571,
        "stage": 3,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 13.516478,
        "energy": 15.945706,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 24.41,
        "volume": 32506103,
        "typical_volume": 24743366.85,
        "trend": 19.490921,
        "fair_value": 14.958134,
        "relative_strength": 31.624947,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 28.455529,
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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."
    }
  }
}