{
  "ticker": {
    "uuid": "b950b8c4-b669-48e3-8e47-8f0b5dfe6c44",
    "symbol": "300618",
    "name": "Nanjing Hanrui Cobalt 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": "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": -61.583,
    "architecture_energy": 50.806,
    "architecture_maturity": 49.444,
    "architecture_confidence": 94.015,
    "architecture_tenure": "Developing",
    "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": 11.51,
        "rotation_up": 25.0,
        "upward_expansion": 7.99,
        "deceleration": 57.51,
        "rotation_down": 53.19,
        "downward_expansion": 81.32
      },
      "activity_lines": [
        34.144667,
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        37.07098,
        39.29122
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 36.790001,
    "trend_reference": 42.248606,
    "distance_from_trend": -0.129202,
    "trend_direction": "Weakening",
    "fair_value": 35.121161,
    "distance_from_fair_value": 0.047517,
    "fair_value_direction": "Weakening",
    "relative_strength": -19.129812,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.244559,
    "excess_performance": -0.251958,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.129202,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.076175,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.047517,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.307924,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.191298,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.085385,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.244559,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.766158,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 49451072,
      "relative_activity": 1.239672,
      "balance": 0.766158,
      "dry_up": 0.900819,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.095483,
      "annualized_volatility": 0.537432,
      "from_high_reference": -0.37517,
      "from_low_reference": 0.20465
    },
    "levels": {
      "trend_reference": 42.248606,
      "fair_value_reference": 35.121161,
      "structural_low": 30.540001,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 33,
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        "positive_rate": 0.484848,
        "directional_follow_through": 0.515152,
        "median_excess_return": 4.4e-05,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "sufficient": true
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-17",
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        "fair_value": 35.099732,
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        "modifier": "Early contraction",
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        "direction": -79.999639,
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      },
      {
        "date": "2026-07-24",
        "close": 31.75,
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        "typical_volume": 41310016.1,
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        "fair_value": 35.094054,
        "relative_strength": -28.243434,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -74.607535,
        "energy": 79.549328,
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      },
      {
        "date": "2026-07-31",
        "close": 33.98,
        "volume": 29080162,
        "typical_volume": 39884359.5,
        "trend": 42.529272,
        "fair_value": 35.09841,
        "relative_strength": -21.649443,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -66.408793,
        "energy": 72.760439,
        "activity_lines": [
          33.013333,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 36.790001,
        "volume": 49451072,
        "typical_volume": 39890459.75,
        "trend": 42.248606,
        "fair_value": 35.121161,
        "relative_strength": -19.129812,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -61.582769,
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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."
    }
  }
}