{ "ticker": { "uuid": "c2b3a0e3-2615-4b5a-aa55-04e3f8cc228d", "symbol": "603520", "name": "Zhejiang Starry Pharmaceutical 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": -62.202, "architecture_energy": 69.711, "architecture_maturity": 15.593, "architecture_confidence": 88.005, "architecture_tenure": "New", "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": 19.14, "rotation_up": 10.24, "upward_expansion": 15.83, "deceleration": 37.49, "rotation_down": 70.19, "downward_expansion": 89.16 }, "activity_lines": [ 8.778667, 9.156364, 9.867508, 10.094705 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 9.06, "trend_reference": 10.294404, "distance_from_trend": -0.11991, "trend_direction": "Weakening", "fair_value": 10.634721, "distance_from_fair_value": -0.148074, "fair_value_direction": "Weakening", "relative_strength": -13.041386, "relative_strength_direction": "Weakening", "price_momentum": -0.146089, "excess_performance": -0.102885, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.11991, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.025496, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.148074, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.18385, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.130414, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.139417, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.146089, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.524663, "read": "Supply-led" } ], "volume": { "latest": 40453049, "relative_activity": 0.380561, "balance": 0.524663, "dry_up": 0.569782, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.117112, "annualized_volatility": 0.52533, "from_high_reference": -0.35337, "from_low_reference": 0.148289 }, "levels": { "trend_reference": 10.294404, "fair_value_reference": 10.634721, "structural_low": 7.89, "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": 30, "median_return": -0.030983, "positive_rate": 0.433333, "directional_follow_through": 0.566667, "median_excess_return": -0.018658, "regime_survival": 0.8, "best_return": 0.251434, "worst_return": -0.302786, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.092191, "positive_rate": 0.363636, "directional_follow_through": 0.636364, "median_excess_return": -0.081789, "regime_survival": 0.545455, "best_return": 0.465, "worst_return": -0.230219, "sufficient": true }, { "horizon": "Extended", "sample_count": 7, "median_return": -0.030116, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.133674, "regime_survival": 0.285714, "best_return": 0.23825, "worst_return": -0.399263, "sufficient": true }, { 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"volume": 66387491, "typical_volume": 104541520.4, "trend": 10.33307, "fair_value": 10.726761, "relative_strength": -21.50176, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -80.49997, "energy": 66.04373, "activity_lines": [ 9.071333, 9.444906, 10.156385, 10.283015 ] }, { "date": "2026-07-31", "close": 8.66, "volume": 46693042, "typical_volume": 105691888.6, "trend": 10.305737, "fair_value": 10.679459, "relative_strength": -15.044136, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.618604, "energy": 70.803644, "activity_lines": [ 8.805333, 9.230959, 9.989994, 10.175075 ] }, { "date": "2026-08-07", "close": 9.06, "volume": 40453049, "typical_volume": 106298529.35, "trend": 10.294404, "fair_value": 10.634721, "relative_strength": -13.041386, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.201955, "energy": 69.710991, "activity_lines": [ 8.778667, 9.156364, 9.867508, 10.094705 ] } ], "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." } } }