{ "ticker": { "uuid": "bf97ccf9-22a7-48e0-a26f-b5868b89c886", "symbol": "600547", "name": "Shandong Gold Mining 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": -43.874, "architecture_energy": 34.998, "architecture_maturity": 89.517, "architecture_confidence": 81.77, "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": 25.24, "rotation_up": 27.88, "upward_expansion": 23.54, "deceleration": 47.0, "rotation_down": 32.31, "downward_expansion": 62.21 }, "activity_lines": [ 27.7, 26.657015, 28.365997, 31.540737 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 30.48, "trend_reference": 36.133578, "distance_from_trend": -0.156463, "trend_direction": "Weakening", "fair_value": 29.567176, "distance_from_fair_value": 0.030873, "fair_value_direction": "Weakening", "relative_strength": -15.234079, "relative_strength_direction": "Weakening", "price_momentum": -0.441247, "excess_performance": -0.398043, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.156463, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.085689, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.030873, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.214244, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.152341, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.057391, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.441247, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.706324, "read": "Supply-led" } ], "volume": { "latest": 403186583, "relative_activity": 1.621323, "balance": 0.706324, "dry_up": 1.537226, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.102333, "annualized_volatility": 0.561172, "from_high_reference": -0.535011, "from_low_reference": 0.345496 }, "levels": { "trend_reference": 36.133578, "fair_value_reference": 29.567176, "structural_low": 22.653363, "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": 20, "median_return": 0.003588, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.025996, "regime_survival": 0.8, "best_return": 0.321229, "worst_return": -0.209143, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.043879, "positive_rate": 0.857143, "directional_follow_through": 0.142857, "median_excess_return": 0.072754, "regime_survival": 0.428571, "best_return": 0.310939, "worst_return": -0.032074, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.151955, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.148989, "regime_survival": 0.0, "best_return": 0.268893, "worst_return": 0.050215, "sufficient": false }, { "horizon": "Full cycle", 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"energy": 69.182506, "activity_lines": [ 24.579084, 25.770688, 29.553625, 33.200075 ] }, { "date": "2026-07-24", "close": 25.940001, "volume": 486552531, "typical_volume": 238710571.7, "trend": 36.791245, "fair_value": 29.509709, "relative_strength": -25.736362, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.785028, "energy": 62.808497, "activity_lines": [ 24.948745, 25.570554, 28.849066, 32.477457 ] }, { "date": "2026-07-31", "close": 28.200001, "volume": 316394159, "typical_volume": 242926836.0, "trend": 36.407912, "fair_value": 29.531511, "relative_strength": -19.455619, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.804468, "energy": 51.847119, "activity_lines": [ 26.123304, 25.889694, 28.455365, 31.923183 ] }, { "date": "2026-08-07", "close": 30.48, "volume": 403186583, "typical_volume": 248677569.0, "trend": 36.133578, "fair_value": 29.567176, "relative_strength": -15.234079, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.874128, "energy": 34.998342, "activity_lines": [ 27.7, 26.657015, 28.365997, 31.540737 ] } ], "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." } } }