{
  "ticker": {
    "uuid": "c08a02f4-716e-4408-8f3d-8e7ad08fbd3e",
    "symbol": "605180",
    "name": "ZheJiang HuaSheng 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": "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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -63.306,
    "architecture_energy": 55.417,
    "architecture_maturity": 28.56,
    "architecture_confidence": 84.302,
    "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": 8.05,
        "rotation_up": 15.23,
        "upward_expansion": 8.59,
        "deceleration": 49.78,
        "rotation_down": 65.79,
        "downward_expansion": 81.92
      },
      "activity_lines": [
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        13.520738
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      "activity_state": "Wide",
      "activity_direction": "Stable",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 12.16,
    "trend_reference": 14.255282,
    "distance_from_trend": -0.146983,
    "trend_direction": "Weakening",
    "fair_value": 13.477529,
    "distance_from_fair_value": -0.097757,
    "fair_value_direction": "Weakening",
    "relative_strength": -17.027583,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.209877,
    "excess_performance": -0.166673,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.146983,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.062207,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.097757,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.276079,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.170276,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.133439,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.209877,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.537331,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 7991696,
      "relative_activity": 0.851932,
      "balance": 0.537331,
      "dry_up": 0.965319,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.110188,
      "annualized_volatility": 0.439595,
      "from_high_reference": -0.305222,
      "from_low_reference": 0.243354
    },
    "levels": {
      "trend_reference": 14.255282,
      "fair_value_reference": 13.477529,
      "structural_low": 9.78,
      "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": 10,
        "median_return": 0.036078,
        "positive_rate": 0.7,
        "directional_follow_through": 0.3,
        "median_excess_return": 0.02411,
        "regime_survival": 0.5,
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        "worst_return": -0.212121,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 5,
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        "positive_rate": 0.8,
        "directional_follow_through": 0.2,
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        "worst_return": -0.217627,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
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        "directional_follow_through": 0.25,
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        "worst_return": -0.080479,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": 0.079883,
        "sufficient": false
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        "regime": "balance",
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      {
        "regime": "upward_expansion",
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        "regime": "deceleration",
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        "regime": "rotation_down",
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      },
      {
        "date": "2026-07-17",
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        "direction": -79.196254,
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 9564488.0,
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        "fair_value": 13.490548,
        "relative_strength": -26.341368,
        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -79.126057,
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      },
      {
        "date": "2026-07-31",
        "close": 11.19,
        "volume": 7484742,
        "typical_volume": 9453276.85,
        "trend": 14.334949,
        "fair_value": 13.481245,
        "relative_strength": -21.926772,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.629751,
        "energy": 80.535166,
        "activity_lines": [
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 12.16,
        "volume": 7991696,
        "typical_volume": 9380678.5,
        "trend": 14.255282,
        "fair_value": 13.477529,
        "relative_strength": -17.027583,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.306162,
        "energy": 55.416529,
        "activity_lines": [
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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."
    }
  }
}