{
  "ticker": {
    "uuid": "c13116ec-f114-4fd0-8ca4-10bb4818b58c",
    "symbol": "HSAI",
    "name": "Hesai Group Sponsored ADR",
    "exchange": "NASDAQ",
    "country": "US",
    "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": "QQQ",
    "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": -44.774,
    "architecture_energy": 32.529,
    "architecture_maturity": 59.433,
    "architecture_confidence": 61.669,
    "architecture_tenure": "Developing",
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      "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."
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      "scores": {
        "balance": 27.57,
        "rotation_up": 25.28,
        "upward_expansion": 15.68,
        "deceleration": 65.89,
        "rotation_down": 40.05,
        "downward_expansion": 65.68
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
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    "trend_direction": "Weakening",
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    "fair_value_direction": "Weakening",
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        "label": "Trend direction",
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        "read": "Falling"
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      {
        "label": "Price vs current Fair Value",
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        "read": "Premium"
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      {
        "label": "Fair Value direction",
        "positive": false,
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        "read": "Moving away"
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      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.252565,
        "read": "Lagging"
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      {
        "label": "Relative strength direction",
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        "label": "Price momentum",
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        "value": -0.260769,
        "read": "Negative"
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        "label": "Volume balance",
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        "value": 0.52652,
        "read": "Supply-led"
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        "fair_value": 14.029295,
        "relative_strength": -39.213669,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -66.195713,
        "energy": 70.808924,
        "activity_lines": [
          16.392667,
          17.422909,
          19.193857,
          20.64228
        ]
      },
      {
        "date": "2026-07-17",
        "close": 15.0,
        "volume": 7125796,
        "typical_volume": 9161491.0,
        "trend": 22.037333,
        "fair_value": 14.05891,
        "relative_strength": -40.587953,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -72.069354,
        "energy": 71.813034,
        "activity_lines": [
          15.846667,
          16.782,
          18.65919,
          20.169849
        ]
      },
      {
        "date": "2026-07-24",
        "close": 14.6,
        "volume": 5747752,
        "typical_volume": 8912520.35,
        "trend": 21.773333,
        "fair_value": 14.067051,
        "relative_strength": -40.718976,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.210822,
        "energy": 59.77842,
        "activity_lines": [
          15.377333,
          16.188364,
          18.143333,
          19.690022
        ]
      },
      {
        "date": "2026-07-31",
        "close": 16.9,
        "volume": 9596332,
        "typical_volume": 9058596.3,
        "trend": 21.534,
        "fair_value": 14.103718,
        "relative_strength": -31.411613,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.80006,
        "energy": 48.627334,
        "activity_lines": [
          15.827333,
          16.155455,
          17.890619,
          19.375613
        ]
      },
      {
        "date": "2026-08-07",
        "close": 19.22,
        "volume": 7998534,
        "typical_volume": 9060606.9,
        "trend": 21.262333,
        "fair_value": 14.158462,
        "relative_strength": -25.256481,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -44.774317,
        "energy": 32.529328,
        "activity_lines": [
          16.910667,
          16.612182,
          17.892857,
          19.226323
        ]
      }
    ],
    "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."
    }
  }
}