{ "ticker": { "uuid": "bb44f47e-ec76-42d3-8999-f8b78d1bad5c", "symbol": "688191", "name": "Zhiyang Innovation 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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -67.697, "architecture_energy": 87.403, "architecture_maturity": 28.0, "architecture_confidence": 86.446, "architecture_tenure": "New", "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": 11.5, "rotation_up": 8.23, "upward_expansion": 21.94, "deceleration": 37.01, "rotation_down": 80.42, "downward_expansion": 97.6 }, "activity_lines": [ 19.921333, 24.254545, 29.021932, 32.038006 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 21.43, "trend_reference": 35.037524, "distance_from_trend": -0.38837, "trend_direction": "Weakening", "fair_value": 19.770057, "distance_from_fair_value": 0.083962, "fair_value_direction": "Weakening", "relative_strength": -34.640357, "relative_strength_direction": "Weakening", "price_momentum": -0.408011, "excess_performance": -0.364807, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.38837, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.054292, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.083962, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -1.018302, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.346404, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.479551, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.408011, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.466947, "read": "Supply-led" } ], "volume": { "latest": 50866566, "relative_activity": 1.360673, "balance": 0.466947, "dry_up": 1.411349, "accumulation_observations": 3, "distribution_observations": 6 }, "risk": { "range_context": 0.249522, "annualized_volatility": 0.961395, "from_high_reference": -0.611635, "from_low_reference": 0.374599 }, "levels": { "trend_reference": 35.037524, "fair_value_reference": 19.770057, "structural_low": 15.59, "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": 8, "median_return": 0.094084, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.037737, "regime_survival": 0.625, "best_return": 0.622936, "worst_return": -0.147178, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.21592, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.041011, "regime_survival": 0.25, "best_return": 0.594495, "worst_return": -0.151345, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.35082, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.3461, "regime_survival": 0.0, "best_return": 0.784852, "worst_return": 0.023378, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, 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34049356.25, "trend": 36.782857, "fair_value": 19.558446, "relative_strength": -21.362995, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -76.56001, "energy": 66.438113, "activity_lines": [ 31.692667, 33.942805, 35.186184, 36.368292 ] }, { "date": "2026-07-17", "close": 19.9, "volume": 51280318, "typical_volume": 34965327.8, "trend": 36.281524, "fair_value": 19.609494, "relative_strength": -37.574291, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -88.183859, "energy": 85.19296, "activity_lines": [ 27.388, 31.106727, 33.49768, 35.279075 ] }, { "date": "2026-07-24", "close": 18.299999, "volume": 60385375, "typical_volume": 35237671.9, "trend": 35.84919, "fair_value": 19.65389, "relative_strength": -43.016796, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -85.008104, "energy": 90.843314, "activity_lines": [ 23.338666, 28.310649, 31.775367, 34.118977 ] }, { "date": "2026-07-31", "close": 17.559999, "volume": 48511717, "typical_volume": 36305692.95, "trend": 35.395857, "fair_value": 19.697684, "relative_strength": -45.196441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.748458, "energy": 92.687909, "activity_lines": [ 20.431333, 25.713532, 30.134864, 32.939029 ] }, { "date": "2026-08-07", "close": 21.43, "volume": 50866566, "typical_volume": 37383376.9, "trend": 35.037524, "fair_value": 19.770057, "relative_strength": -34.640357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.697396, "energy": 87.403027, "activity_lines": [ 19.921333, 24.254545, 29.021932, 32.038006 ] } ], "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." } } }