{
  "ticker": {
    "uuid": "bc6dae65-bc1b-4ce9-bff5-008a883df6a4",
    "symbol": "688321",
    "name": "Shenzhen Chipscreen Biosciences 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": 63.073,
    "architecture_regime": "downward_expansion",
    "architecture_regime_label": "Downward Expansion",
    "architecture_modifier": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -16.244,
    "architecture_energy": 12.713,
    "architecture_maturity": 55.742,
    "architecture_confidence": 57.366,
    "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": 57.29,
        "rotation_up": 31.72,
        "upward_expansion": 19.05,
        "deceleration": 43.62,
        "rotation_down": 20.85,
        "downward_expansion": 53.05
      },
      "activity_lines": [
        28.185333,
        27.546727,
        27.786288,
        28.467046
      ],
      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": 0.0
    },
    "latest_close": 29.74,
    "trend_reference": 29.656621,
    "distance_from_trend": 0.002811,
    "trend_direction": "Weakening",
    "fair_value": 23.84013,
    "distance_from_fair_value": 0.247476,
    "fair_value_direction": "Weakening",
    "relative_strength": -1.951869,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.069175,
    "excess_performance": -0.025972,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.002811,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.020738,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.247476,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.084587,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.019519,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.027924,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.069175,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.944192,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 58291716,
      "relative_activity": 1.210564,
      "balance": 0.944192,
      "dry_up": 1.74639,
      "accumulation_observations": 3,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.098587,
      "annualized_volatility": 0.398462,
      "from_high_reference": -0.337726,
      "from_low_reference": 0.244351
    },
    "levels": {
      "trend_reference": 29.656621,
      "fair_value_reference": 23.84013,
      "structural_low": 23.9,
      "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": 27,
        "median_return": 0.009913,
        "positive_rate": 0.592593,
        "directional_follow_through": 0.407407,
        "median_excess_return": 0.025816,
        "regime_survival": 0.703704,
        "best_return": 0.339486,
        "worst_return": -0.174914,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
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        "positive_rate": 0.727273,
        "directional_follow_through": 0.272727,
        "median_excess_return": 0.055903,
        "regime_survival": 0.363636,
        "best_return": 1.230149,
        "worst_return": -0.26224,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 8,
        "median_return": 0.007651,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.027072,
        "regime_survival": 0.375,
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        "worst_return": -0.404923,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.341628,
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    ],
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        "regime": "deceleration",
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        "active": false
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      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-02-28",
        "tenure": "New",
        "return": 0.003725,
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      },
      {
        "regime": "balance",
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        "return": -0.104311,
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      },
      {
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      {
        "regime": "rotation_up",
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      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      {
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      },
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      },
      {
        "date": "2026-07-24",
        "close": 28.200001,
        "volume": 93284867,
        "typical_volume": 46048390.4,
        "trend": 29.720659,
        "fair_value": 23.75935,
        "relative_strength": -5.241042,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -31.630794,
        "energy": 23.77166,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 26.459999,
        "volume": 59329857,
        "typical_volume": 46836245.85,
        "trend": 29.637467,
        "fair_value": 23.788971,
        "relative_strength": -10.968741,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -38.699252,
        "energy": 20.253514,
        "activity_lines": [
          27.544667,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 29.74,
        "volume": 58291716,
        "typical_volume": 48152540.5,
        "trend": 29.656621,
        "fair_value": 23.84013,
        "relative_strength": -1.951869,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -16.243883,
        "energy": 12.71333,
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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."
    }
  }
}