{
  "ticker": {
    "uuid": "be5ae51c-ca59-4659-9ff3-ed8893ac7d07",
    "symbol": "605068",
    "name": "Mingxin New Material 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": -47.571,
    "architecture_energy": 38.121,
    "architecture_maturity": 72.318,
    "architecture_confidence": 62.277,
    "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": 22.28,
        "rotation_up": 25.66,
        "upward_expansion": 17.05,
        "deceleration": 66.96,
        "rotation_down": 42.2,
        "downward_expansion": 67.05
      },
      "activity_lines": [
        18.638,
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        20.4119,
        22.094789
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 21.01,
    "trend_reference": 23.999593,
    "distance_from_trend": -0.124568,
    "trend_direction": "Weakening",
    "fair_value": 19.986973,
    "distance_from_fair_value": 0.051185,
    "fair_value_direction": "Weakening",
    "relative_strength": -16.453878,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.266154,
    "excess_performance": -0.222951,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.124568,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.1175,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.051185,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.318133,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.164539,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.188936,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.266154,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.220798,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 63508003,
      "relative_activity": 3.920954,
      "balance": 0.220798,
      "dry_up": 2.121614,
      "accumulation_observations": 1,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.15545,
      "annualized_volatility": 0.812613,
      "from_high_reference": -0.397476,
      "from_low_reference": 0.623648
    },
    "levels": {
      "trend_reference": 23.999593,
      "fair_value_reference": 19.986973,
      "structural_low": 12.94,
      "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": 16,
        "median_return": -0.038789,
        "positive_rate": 0.4375,
        "directional_follow_through": 0.5625,
        "median_excess_return": -0.023229,
        "regime_survival": 0.8125,
        "best_return": 0.274879,
        "worst_return": -0.170635,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": 0.008326,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.030659,
        "regime_survival": 0.5,
        "best_return": 0.070268,
        "worst_return": -0.227405,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.106606,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.07735,
        "regime_survival": 0.25,
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        "worst_return": -0.35277,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
        "median_return": 0.056214,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
        "median_excess_return": 0.082678,
        "regime_survival": 0.666667,
        "best_return": 0.323349,
        "worst_return": -0.456407,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2023-12-22",
        "end": "2024-01-12",
        "tenure": "New",
        "return": -0.012832,
        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-01-19",
        "end": "2024-10-25",
        "tenure": "Extended",
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      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
        "return": 0.015885,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "tenure": "Developing",
        "return": 0.29027,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-04-25",
        "tenure": "Developing",
        "return": -0.043663,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-05-09",
        "tenure": "New",
        "return": 0.259901,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2025-08-01",
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        "return": 0.152996,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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      },
      {
        "regime": "deceleration",
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      },
      {
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      {
        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
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      },
      {
        "date": "2026-04-24",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 11875291.3,
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        "relative_strength": -39.622901,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -84.857423,
        "energy": 90.580242,
        "activity_lines": [
          16.59791,
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          21.61725,
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      },
      {
        "date": "2026-07-24",
        "close": 14.06,
        "volume": 15445400,
        "typical_volume": 12172483.9,
        "trend": 24.37926,
        "fair_value": 20.008896,
        "relative_strength": -42.172479,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -81.134577,
        "energy": 82.23534,
        "activity_lines": [
          15.5496,
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      },
      {
        "date": "2026-07-31",
        "close": 21.690001,
        "volume": 41456580,
        "typical_volume": 13559950.85,
        "trend": 24.151593,
        "fair_value": 19.997678,
        "relative_strength": -11.386993,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.186505,
        "energy": 54.848469,
        "activity_lines": [
          17.358,
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          20.572175,
          22.297473
        ]
      },
      {
        "date": "2026-08-07",
        "close": 21.01,
        "volume": 63508003,
        "typical_volume": 16197081.0,
        "trend": 23.999593,
        "fair_value": 19.986973,
        "relative_strength": -16.453878,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -47.571498,
        "energy": 38.120945,
        "activity_lines": [
          18.638,
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          20.4119,
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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."
    }
  }
}