{ "ticker": { "uuid": "c42d7a06-8724-4743-a41b-062509545c43", "symbol": "300826", "name": "NanJing Research Institute of Surveying, Mapping & Geotechnical Investigation,Co.Ltd.", "exchange": "SHZ", "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": "399001.SZ", "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": -57.32, "architecture_energy": 55.419, "architecture_maturity": 44.613, "architecture_confidence": 86.033, "architecture_tenure": "Established", "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": 12.01, "rotation_up": 15.66, "upward_expansion": 12.32, "deceleration": 39.5, "rotation_down": 67.85, "downward_expansion": 85.66 }, "activity_lines": [ 12.41, 12.853452, 13.101806, 13.690744 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 13.77, "trend_reference": 14.612589, "distance_from_trend": -0.057662, "trend_direction": "Weakening", "fair_value": 15.50064, "distance_from_fair_value": -0.11165, "fair_value_direction": "Improving", "relative_strength": -16.87825, "relative_strength_direction": "Improving", "price_momentum": -0.199884, "excess_performance": -0.207283, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.057662, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.080657, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.11165, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.031544, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.168782, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.189613, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.199884, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.6469, "read": "Supply-led" } ], "volume": { "latest": 29619225, "relative_activity": 1.27784, "balance": 0.6469, "dry_up": 1.758407, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.092778, "annualized_volatility": 0.507793, "from_high_reference": -0.305948, "from_low_reference": 0.374251 }, "levels": { "trend_reference": 14.612589, "fair_value_reference": 15.50064, "structural_low": 10.02, "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": 23, "median_return": 0.022277, "positive_rate": 0.608696, "directional_follow_through": 0.391304, "median_excess_return": 0.021728, "regime_survival": 0.73913, "best_return": 0.262712, "worst_return": -0.222105, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.007477, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": 0.047042, "regime_survival": 0.555556, "best_return": 0.420742, "worst_return": -0.261142, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.0679, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.044034, "regime_survival": 0.5, "best_return": 0.408094, "worst_return": -0.266667, "sufficient": true }, { "horizon": "Full cycle", 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"deceleration", "label": "Deceleration", "color": "amber", "start": "2025-01-24", "end": "2025-04-11", "tenure": "Developing", "return": -0.150628, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-05-30", "tenure": "Developing", "return": 0.16724, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-06-06", "end": "2025-07-11", "tenure": "Developing", "return": 0.018711, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-07-18", "end": "2025-07-25", "tenure": "New", "return": 0.035897, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-08-01", "end": "2025-09-12", "tenure": "Developing", "return": -0.004379, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2025-09-19", "end": "2025-12-12", "tenure": 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15.064589, "fair_value": 15.568288, "relative_strength": -27.154787, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.731696, "energy": 67.157092, "activity_lines": [ 12.96, 13.403979, 13.536344, 14.196836 ] }, { "date": "2026-07-24", "close": 11.5, "volume": 52930303, "typical_volume": 20949648.85, "trend": 14.896255, "fair_value": 15.543954, "relative_strength": -29.604014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.812663, "energy": 81.121417, "activity_lines": [ 12.294, 13.055844, 13.29107, 13.966863 ] }, { "date": "2026-07-31", "close": 11.57, "volume": 44256894, "typical_volume": 22345707.05, "trend": 14.723589, "fair_value": 15.515246, "relative_strength": -27.239219, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.391842, "energy": 82.401909, "activity_lines": [ 11.886, 12.744831, 13.078938, 13.752266 ] }, { "date": "2026-08-07", "close": 13.77, "volume": 29619225, "typical_volume": 23179128.15, "trend": 14.612589, "fair_value": 15.50064, "relative_strength": -16.87825, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.319759, "energy": 55.418994, "activity_lines": [ 12.41, 12.853452, 13.101806, 13.690744 ] } ], "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." } } }