{
  "ticker": {
    "uuid": "b9139b6c-8442-4529-b4d7-2828f2ce8022",
    "symbol": "688181",
    "name": "Beijing Bayi Space LCD Technology 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": 3,
    "stage_name": "Distribution",
    "phase": "3a",
    "phase_label": "Stage 3A \u00b7 Churning",
    "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": 16.838,
    "architecture_energy": 26.64,
    "architecture_maturity": 62.877,
    "architecture_confidence": 93.442,
    "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": 40.96,
        "rotation_up": 21.52,
        "upward_expansion": 47.43,
        "deceleration": 88.33,
        "rotation_down": 48.77,
        "downward_expansion": 33.76
      },
      "activity_lines": [
        38.510666,
        42.267817,
        41.671689,
        39.966253
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 40.0,
    "trend_reference": 38.151044,
    "distance_from_trend": 0.048464,
    "trend_direction": "Improving",
    "fair_value": 28.81534,
    "distance_from_fair_value": 0.38815,
    "fair_value_direction": "Improving",
    "relative_strength": 8.708144,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.184483,
    "excess_performance": 0.227687,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.048464,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.097071,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.38815,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.076305,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.087081,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.114605,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.184483,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.623562,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 29997528,
      "relative_activity": 0.968896,
      "balance": 1.623562,
      "dry_up": 1.221557,
      "accumulation_observations": 4,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.185587,
      "annualized_volatility": 0.612957,
      "from_high_reference": -0.322034,
      "from_low_reference": 0.371272
    },
    "levels": {
      "trend_reference": 38.151044,
      "fair_value_reference": 28.81534,
      "structural_low": 29.17,
      "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 9,
        "median_return": -0.05444,
        "positive_rate": 0.444444,
        "directional_follow_through": 0.444444,
        "median_excess_return": -0.034852,
        "regime_survival": 0.333333,
        "best_return": 0.156671,
        "worst_return": -0.150307,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
        "median_return": 0.002115,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": 0.02637,
        "regime_survival": 0.0,
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        "worst_return": -0.122006,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": 0.024273,
        "positive_rate": 0.6,
        "directional_follow_through": 0.6,
        "median_excess_return": -0.051488,
        "regime_survival": 0.0,
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        "worst_return": -0.173559,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.333333,
        "directional_follow_through": 0.333333,
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        "worst_return": -0.343878,
        "sufficient": false
      }
    ],
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-04-11",
        "tenure": "Developing",
        "return": -0.1977,
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      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "rotation_up",
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        "active": false
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      {
        "regime": "upward_expansion",
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      {
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      {
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        "active": false
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        "active": true
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 28769471.7,
        "trend": 37.719044,
        "fair_value": 28.624481,
        "relative_strength": 9.749272,
        "stage": 2,
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        "modifier": "Established expansion",
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        "direction": 54.660413,
        "energy": 46.606528,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
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        "volume": 41640843,
        "typical_volume": 29745604.1,
        "trend": 37.84971,
        "fair_value": 28.685895,
        "relative_strength": 3.061273,
        "stage": 2,
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        "modifier": "Established expansion",
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        "direction": 27.290414,
        "energy": 20.419041,
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      },
      {
        "date": "2026-07-31",
        "close": 34.68,
        "volume": 31316557,
        "typical_volume": 30217237.15,
        "trend": 37.895044,
        "fair_value": 28.729898,
        "relative_strength": -2.830698,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 7.250572,
        "energy": 18.191679,
        "activity_lines": [
          39.563999,
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      },
      {
        "date": "2026-08-07",
        "close": 40.0,
        "volume": 29997528,
        "typical_volume": 30960525.95,
        "trend": 38.151044,
        "fair_value": 28.81534,
        "relative_strength": 8.708144,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "up",
        "direction": 16.838285,
        "energy": 26.640189,
        "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."
    }
  }
}