{ "ticker": { "uuid": "c2d51cd0-70b0-41df-8a36-9d6642e826e8", "symbol": "688170", "name": "Suzhou Delphi Laser 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -24.308, "architecture_energy": 42.83, "architecture_maturity": 6.639, "architecture_confidence": 54.878, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 36.82, "rotation_up": 14.12, "upward_expansion": 20.18, "deceleration": 56.91, "rotation_down": 68.22, "downward_expansion": 47.51 }, "activity_lines": [ 49.806001, 58.751455, 64.195524, 62.031678 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 53.950001, "trend_reference": 57.271, "distance_from_trend": -0.057987, "trend_direction": "Improving", "fair_value": 33.967682, "distance_from_fair_value": 0.588274, "fair_value_direction": "Weakening", "relative_strength": 13.282049, "relative_strength_direction": "Weakening", "price_momentum": 0.403121, "excess_performance": 0.446325, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.057987, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.231749, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.588274, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.425877, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.13282, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.444575, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.403121, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.154568, "read": "Demand-led" } ], "volume": { "latest": 31657022, "relative_activity": 0.987819, "balance": 1.154568, "dry_up": 0.820947, "accumulation_observations": 3, "distribution_observations": 1 }, "risk": { "range_context": 0.265246, "annualized_volatility": 0.841122, "from_high_reference": -0.435964, "from_low_reference": 0.828814 }, "levels": { "trend_reference": 57.271, "fair_value_reference": 33.967682, "structural_low": 38.509998, "invalidation": "A 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"typical_volume": 32342675.75, "trend": 56.521333, "fair_value": 33.888935, "relative_strength": -5.154095, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -34.373764, "energy": 42.515239, "activity_lines": [ 50.371334, 61.231455, 65.128524, 62.19757 ] }, { "date": "2026-08-07", "close": 53.950001, "volume": 31657022, "typical_volume": 32047392.15, "trend": 57.271, "fair_value": 33.967682, "relative_strength": 13.282049, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -24.308332, "energy": 42.829852, "activity_lines": [ 49.806001, 58.751455, 64.195524, 62.031678 ] } ], "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." } } }