{ "ticker": { "uuid": "ba8c7950-f973-4a4d-a828-c0720a01d0f2", "symbol": "603392", "name": "Beijing Wantai Biological Pharmacy Enterprise 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": 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": -44.3, "architecture_energy": 39.329, "architecture_maturity": 100.0, "architecture_confidence": 83.983, "architecture_tenure": "Extended", "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": 33.12, "rotation_up": 27.39, "upward_expansion": 18.84, "deceleration": 46.88, "rotation_down": 31.18, "downward_expansion": 61.84 }, "activity_lines": [ 29.765334, 29.230182, 31.706715, 33.834602 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 30.530001, "trend_reference": 36.766, "distance_from_trend": -0.169613, "trend_direction": "Weakening", "fair_value": 58.096037, "distance_from_fair_value": -0.474491, "fair_value_direction": "Weakening", "relative_strength": -30.347759, "relative_strength_direction": "Weakening", "price_momentum": -0.27396, "excess_performance": -0.230756, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.169613, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.156459, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.474491, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.174706, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.303478, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.04375, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.27396, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.227258, "read": "Supply-led" } ], "volume": { "latest": 29077265, "relative_activity": 1.404393, "balance": 0.227258, "dry_up": 1.431607, "accumulation_observations": 2, "distribution_observations": 7 }, "risk": { "range_context": 0.098592, "annualized_volatility": 0.354656, "from_high_reference": -0.511988, "from_low_reference": 0.163048 }, "levels": { "trend_reference": 36.766, "fair_value_reference": 58.096037, "structural_low": 26.25, "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": 33, "median_return": -0.026423, "positive_rate": 0.363636, "directional_follow_through": 0.636364, "median_excess_return": -0.036791, "regime_survival": 0.909091, "best_return": 0.329351, "worst_return": -0.326895, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.167851, "positive_rate": 0.3, "directional_follow_through": 0.7, "median_excess_return": -0.181788, "regime_survival": 0.7, "best_return": 0.516216, "worst_return": -0.264586, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.162999, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.287532, "regime_survival": 0.6, "best_return": 0.378228, "worst_return": -0.422859, "sufficient": true }, { "horizon": "Full cycle", 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25472177, "typical_volume": 20043006.25, "trend": 37.246334, "fair_value": 58.326589, "relative_strength": -29.271383, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.050506, "energy": 45.396693, "activity_lines": [ 29.258, 29.090546, 32.095667, 34.267914 ] }, { "date": "2026-08-07", "close": 30.530001, "volume": 29077265, "typical_volume": 20704510.55, "trend": 36.766, "fair_value": 58.096037, "relative_strength": -30.347759, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.299662, "energy": 39.329114, "activity_lines": [ 29.765334, 29.230182, 31.706715, 33.834602 ] } ], "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." } } }