{ "ticker": { "uuid": "c2671d65-8ddf-4a4c-8707-85ea6e75d614", "symbol": "900911", "name": "Shanghai Jinqiao Export Processing Zone Development 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 66.435, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -38.439, "architecture_energy": 25.206, "architecture_maturity": 69.287, "architecture_confidence": 72.242, "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": 38.31, "rotation_up": 27.52, "upward_expansion": 17.1, "deceleration": 46.88, "rotation_down": 22.31, "downward_expansion": 60.1 }, "activity_lines": [ 0.719191, 0.713415, 0.726362, 0.734981 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 0.722, "trend_reference": 0.743244, "distance_from_trend": -0.028583, "trend_direction": "Weakening", "fair_value": 0.765013, "distance_from_fair_value": -0.056225, "fair_value_direction": "Weakening", "relative_strength": -3.157167, "relative_strength_direction": "Improving", "price_momentum": -0.056209, "excess_performance": -0.013005, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.028583, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.015136, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.056225, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.06759, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.031572, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.030906, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.056209, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.848304, "read": "Supply-led" } ], "volume": { "latest": 1368328, "relative_activity": 0.870946, "balance": 0.848304, "dry_up": 1.019697, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.024689, "annualized_volatility": 0.126936, "from_high_reference": -0.084918, "from_low_reference": 0.050139 }, "levels": { "trend_reference": 0.743244, "fair_value_reference": 0.765013, "structural_low": 0.687528, "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": 17, "median_return": 0.019206, "positive_rate": 0.705882, "directional_follow_through": 0.294118, "median_excess_return": -0.004088, "regime_survival": 0.647059, "best_return": 0.174177, "worst_return": -0.0763, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.051087, "positive_rate": 0.857143, "directional_follow_through": 0.142857, "median_excess_return": -0.012316, "regime_survival": 0.142857, "best_return": 0.108072, "worst_return": -0.022471, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.052562, "positive_rate": 0.833333, "directional_follow_through": 0.166667, "median_excess_return": -0.028911, "regime_survival": 0.166667, "best_return": 0.135166, "worst_return": -0.050758, "sufficient": true }, { 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0.702498, 0.715729, 0.735707, 0.741733 ] }, { "date": "2026-07-17", "close": 0.713, "volume": 2255348, "typical_volume": 1802001.3, "trend": 0.744944, "fair_value": 0.766668, "relative_strength": -0.797189, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.172649, "energy": 62.470559, "activity_lines": [ 0.706677, 0.712523, 0.732586, 0.739616 ] }, { "date": "2026-07-24", "close": 0.712, "volume": 896842, "typical_volume": 1800068.4, "trend": 0.744178, "fair_value": 0.766151, "relative_strength": -1.94008, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.974466, "energy": 49.610498, "activity_lines": [ 0.709316, 0.710354, 0.729551, 0.73749 ] }, { "date": "2026-07-31", "close": 0.727, "volume": 1887597, "typical_volume": 1736486.65, "trend": 0.743711, "fair_value": 0.765637, "relative_strength": -0.094404, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.509408, "energy": 33.619322, "activity_lines": [ 0.716064, 0.712021, 0.728121, 0.736382 ] }, { "date": "2026-08-07", "close": 0.722, "volume": 1368328, "typical_volume": 1571083.35, "trend": 0.743244, "fair_value": 0.765013, "relative_strength": -3.157167, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.439117, "energy": 25.205528, "activity_lines": [ 0.719191, 0.713415, 0.726362, 0.734981 ] } ], "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." } } }