{ "ticker": { "uuid": "b7cc9814-33af-4887-9b8e-66c73c062715", "symbol": "600872", "name": "Jonjee Hi-Tech Industrial and Commercial Holding 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": 1, "stage_name": "Basing", "phase": "1a", "phase_label": "Stage 1A \u00b7 Bottoming", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 69.88, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 11.626, "architecture_energy": 20.885, "architecture_maturity": 21.228, "architecture_confidence": 58.77, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 60.7, "rotation_up": 53.47, "upward_expansion": 37.18, "deceleration": 45.5, "rotation_down": 14.75, "downward_expansion": 14.52 }, "activity_lines": [ 19.146667, 18.532059, 18.725147, 18.815674 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.333333 }, "latest_close": 19.25, "trend_reference": 18.786725, "distance_from_trend": 0.02466, "trend_direction": "Improving", "fair_value": 21.998605, "distance_from_fair_value": -0.124945, "fair_value_direction": "Weakening", "relative_strength": 4.220866, "relative_strength_direction": "Improving", "price_momentum": 0.078431, "excess_performance": 0.121635, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.02466, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.00654, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.124945, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.009022, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.042209, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.030175, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.078431, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.640349, "read": "Supply-led" } ], "volume": { "latest": 74106489, "relative_activity": 1.085804, "balance": 0.640349, "dry_up": 1.310067, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.069236, "annualized_volatility": 0.306695, "from_high_reference": -0.133273, "from_low_reference": 0.159358 }, "levels": { "trend_reference": 18.786725, "fair_value_reference": 21.998605, "structural_low": 16.604014, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 16, "median_return": -0.009627, "positive_rate": 0.4375, "directional_follow_through": 0.4375, "median_excess_return": -0.023199, "regime_survival": 0.5, "best_return": 0.159734, "worst_return": -0.252935, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.050663, "positive_rate": 0.375, "directional_follow_through": 0.375, "median_excess_return": -0.081672, "regime_survival": 0.25, "best_return": 0.107918, "worst_return": -0.304526, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.151683, "positive_rate": 0.0, "directional_follow_through": 0.0, "median_excess_return": -0.201173, "regime_survival": 0.0, "best_return": -0.045179, "worst_return": -0.263143, "sufficient": 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"direction": -32.436503, "energy": 41.591536, "activity_lines": [ 17.570767, 17.920914, 18.658799, 18.697969 ] }, { "date": "2026-07-17", "close": 18.4, "volume": 98601451, "typical_volume": 64121138.3, "trend": 18.596059, "fair_value": 22.28007, "relative_strength": 3.829702, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -25.510575, "energy": 21.821675, "activity_lines": [ 17.89535, 17.903064, 18.610172, 18.688245 ] }, { "date": "2026-07-24", "close": 18.370001, "volume": 89050093, "typical_volume": 66078770.1, "trend": 18.628725, "fair_value": 22.169, "relative_strength": 2.538231, "stage": 1, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -9.870048, "energy": 11.113729, "activity_lines": [ 18.141549, 17.921214, 18.560259, 18.67366 ] }, { "date": "2026-07-31", "close": 20.309999, "volume": 95891877, "typical_volume": 68193164.3, "trend": 18.730059, "fair_value": 22.09032, "relative_strength": 12.86919, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.814656, "energy": 23.116292, "activity_lines": [ 18.943982, 18.329546, 18.697393, 18.782129 ] }, { "date": "2026-08-07", "close": 19.25, "volume": 74106489, "typical_volume": 68250312.3, "trend": 18.786725, "fair_value": 21.998605, "relative_strength": 4.220866, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 11.626016, "energy": 20.885398, "activity_lines": [ 19.146667, 18.532059, 18.725147, 18.815674 ] } ], "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." } } }