{ "ticker": { "uuid": "c4b2160a-cb0c-412b-bfd5-45a18c968ec7", "symbol": "300122", "name": "Chongqing Zhifei Biological Products 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": -39.433, "architecture_energy": 26.765, "architecture_maturity": 100.0, "architecture_confidence": 75.868, "architecture_tenure": "Extended", "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": 38.17, "rotation_up": 27.69, "upward_expansion": 21.28, "deceleration": 46.99, "rotation_down": 26.44, "downward_expansion": 57.61 }, "activity_lines": [ 12.844, 12.514, 13.026524, 13.741742 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 13.48, "trend_reference": 14.881333, "distance_from_trend": -0.094167, "trend_direction": "Weakening", "fair_value": 28.694314, "distance_from_fair_value": -0.530221, "fair_value_direction": "Weakening", "relative_strength": -26.390371, "relative_strength_direction": "Improving", "price_momentum": -0.223949, "excess_performance": -0.231349, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.094167, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.147462, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.530221, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.02367, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.263904, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.094497, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.223949, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.659058, "read": "Supply-led" } ], "volume": { "latest": 134258006, "relative_activity": 1.46076, "balance": 0.659058, "dry_up": 1.566733, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.079149, "annualized_volatility": 0.285017, "from_high_reference": -0.452033, "from_low_reference": 0.207885 }, "levels": { "trend_reference": 14.881333, "fair_value_reference": 28.694314, "structural_low": 11.16, "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": 41, "median_return": -0.047086, "positive_rate": 0.341463, "directional_follow_through": 0.658537, "median_excess_return": -0.032081, "regime_survival": 0.829268, "best_return": 0.525629, "worst_return": -0.224966, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 15, "median_return": -0.029732, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.11153, "regime_survival": 0.666667, "best_return": 0.36944, "worst_return": -0.376279, "sufficient": true }, { "horizon": "Extended", "sample_count": 8, "median_return": -0.185567, "positive_rate": 0.125, "directional_follow_through": 0.875, "median_excess_return": -0.193563, "regime_survival": 0.5, "best_return": 0.074704, "worst_return": -0.367464, "sufficient": true }, { 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contraction", "gate": "down", "direction": -66.070579, "energy": 65.946318, "activity_lines": [ 12.03, 12.476182, 13.533476, 14.429527 ] }, { "date": "2026-07-17", "close": 12.27, "volume": 176831241, "typical_volume": 85013466.6, "trend": 15.507667, "fair_value": 29.275515, "relative_strength": -33.43659, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.430201, "energy": 61.784229, "activity_lines": [ 12.100667, 12.327273, 13.331667, 14.205376 ] }, { "date": "2026-07-24", "close": 12.13, "volume": 152736713, "typical_volume": 87477632.35, "trend": 15.267667, "fair_value": 29.094967, "relative_strength": -33.584568, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -60.968317, "energy": 53.616621, "activity_lines": [ 12.130667, 12.211091, 13.140429, 13.987462 ] }, { "date": "2026-07-31", "close": 13.04, "volume": 112165894, "typical_volume": 88784044.85, "trend": 15.061, "fair_value": 28.89499, "relative_strength": -26.313905, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.79878, "energy": 39.862024, "activity_lines": [ 12.469333, 12.313273, 13.055048, 13.843742 ] }, { "date": "2026-08-07", "close": 13.48, "volume": 134258006, "typical_volume": 91909689.5, "trend": 14.881333, "fair_value": 28.694314, "relative_strength": -26.390371, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.432892, "energy": 26.765309, "activity_lines": [ 12.844, 12.514, 13.026524, 13.741742 ] } ], "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." } } }