{
  "ticker": {
    "uuid": "bc2c09c0-04bf-4569-af61-c5c52d8dbf9a",
    "symbol": "688197",
    "name": "Shouyao Holdings (Beijing) 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": -43.17,
    "architecture_energy": 23.488,
    "architecture_maturity": 19.267,
    "architecture_confidence": 93.182,
    "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": 41.55,
        "rotation_up": 23.85,
        "upward_expansion": 6.41,
        "deceleration": 43.7,
        "rotation_down": 41.55,
        "downward_expansion": 70.41
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      "activity_lines": [
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      "activity_state": "Compressed",
      "activity_direction": "Stable",
      "rotation_direction": "Stable",
      "price_acceptance": 0.0
    },
    "latest_close": 36.200001,
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    "distance_from_trend": -0.036123,
    "trend_direction": "Weakening",
    "fair_value": 39.980321,
    "distance_from_fair_value": -0.094555,
    "fair_value_direction": "Weakening",
    "relative_strength": -8.3741,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.012021,
    "excess_performance": 0.055225,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.036123,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.034094,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.094555,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.097936,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.083741,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.023694,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.012021,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.632685,
        "read": "Supply-led"
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    ],
    "volume": {
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      "relative_activity": 1.21767,
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      "dry_up": 1.754406,
      "accumulation_observations": 2,
      "distribution_observations": 3
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    "risk": {
      "range_context": 0.146133,
      "annualized_volatility": 0.515466,
      "from_high_reference": -0.363349,
      "from_low_reference": 0.218445
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    "levels": {
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      "structural_low": 29.709999,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
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    "outcomes": [
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        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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        "regime": "deceleration",
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        "regime": "downward_expansion",
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        "regime": "rotation_up",
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        "regime": "upward_expansion",
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        "modifier": "Balance after decline",
        "gate": "mixed",
        "direction": 28.698271,
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      },
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        "date": "2026-05-15",
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        "gate": "up",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-22",
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        "activity_lines": [
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      },
      {
        "date": "2026-05-29",
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        "typical_volume": 7413342.55,
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      },
      {
        "date": "2026-06-05",
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        "relative_strength": -21.752508,
        "stage": 4,
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        "modifier": "Balance after decline",
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      },
      {
        "date": "2026-06-12",
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        "typical_volume": 6935060.1,
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        "relative_strength": -21.776847,
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        "energy": 49.410732,
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      },
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        "date": "2026-06-19",
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      },
      {
        "date": "2026-06-26",
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        "stage": 4,
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        "direction": -71.686282,
        "energy": 76.416804,
        "activity_lines": [
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      },
      {
        "date": "2026-07-03",
        "close": 37.5,
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        "typical_volume": 6862617.95,
        "trend": 37.648333,
        "fair_value": 40.407628,
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        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -57.621083,
        "energy": 59.094508,
        "activity_lines": [
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      },
      {
        "date": "2026-07-10",
        "close": 41.09,
        "volume": 31998160,
        "typical_volume": 7978041.15,
        "trend": 37.737,
        "fair_value": 40.335577,
        "relative_strength": -0.175441,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -19.524026,
        "energy": 12.921627,
        "activity_lines": [
          36.453334,
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      },
      {
        "date": "2026-07-17",
        "close": 36.580002,
        "volume": 25886875,
        "typical_volume": 9042727.35,
        "trend": 37.690667,
        "fair_value": 40.264551,
        "relative_strength": -5.359246,
        "stage": 1,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -30.079905,
        "energy": 16.218517,
        "activity_lines": [
          36.969334,
          35.965455,
          37.201048,
          37.530301
        ]
      },
      {
        "date": "2026-07-24",
        "close": 34.599998,
        "volume": 19797912,
        "typical_volume": 9601709.7,
        "trend": 37.609333,
        "fair_value": 40.172436,
        "relative_strength": -10.808733,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -33.96821,
        "energy": 21.68608,
        "activity_lines": [
          36.586,
          35.645818,
          36.886381,
          37.330903
        ]
      },
      {
        "date": "2026-07-31",
        "close": 32.259998,
        "volume": 11988186,
        "typical_volume": 9852481.0,
        "trend": 37.508,
        "fair_value": 40.058269,
        "relative_strength": -16.662326,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.355689,
        "energy": 19.898898,
        "activity_lines": [
          35.274666,
          35.030545,
          36.371571,
          36.985785
        ]
      },
      {
        "date": "2026-08-07",
        "close": 36.200001,
        "volume": 12108145,
        "typical_volume": 9943696.3,
        "trend": 37.556667,
        "fair_value": 39.980321,
        "relative_strength": -8.3741,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -43.170271,
        "energy": 23.487812,
        "activity_lines": [
          35.206,
          35.278727,
          36.257476,
          36.901398
        ]
      }
    ],
    "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."
    }
  }
}