{ "ticker": { "uuid": "c5520ee0-6aa5-4c47-9f7e-8d388a3694c6", "symbol": "688180", "name": "Shanghai Junshi Biosciences 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": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 56.615, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "mixed", "architecture_direction": 24.411, "architecture_energy": 20.551, "architecture_maturity": 13.83, "architecture_confidence": 60.522, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 50.11, "rotation_up": 56.99, "upward_expansion": 41.18, "deceleration": 29.81, "rotation_down": 16.68, "downward_expansion": 13.85 }, "activity_lines": [ 37.178667, 35.814, 35.743905, 35.746323 ], "activity_state": "Compressed", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 39.240002, "trend_reference": 35.799334, "distance_from_trend": 0.09611, "trend_direction": "Weakening", "fair_value": 34.043974, "distance_from_fair_value": 0.152627, "fair_value_direction": "Improving", "relative_strength": 4.800066, "relative_strength_direction": "Improving", "price_momentum": 0.093646, "excess_performance": 0.136849, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.09611, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.02209, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.152627, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.022321, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.048001, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.089795, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.093646, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.494421, "read": "Supply-led" } ], "volume": { "latest": 80719361, "relative_activity": 1.063789, "balance": 0.494421, "dry_up": 1.192978, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.107935, "annualized_volatility": 0.589457, "from_high_reference": -0.236576, "from_low_reference": 0.351705 }, "levels": { "trend_reference": 35.799334, "fair_value_reference": 34.043974, "structural_low": 29.030001, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 15, "median_return": 0.004878, "positive_rate": 0.533333, "directional_follow_through": 0.533333, "median_excess_return": -0.027999, "regime_survival": 0.333333, "best_return": 0.43824, "worst_return": -0.168702, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.061985, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.004782, "regime_survival": 0.0, "best_return": 0.720351, "worst_return": -0.405343, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.095524, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.138341, "regime_survival": 0.2, "best_return": 0.512792, "worst_return": -0.310142, 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] }, { "date": "2026-07-24", "close": 35.880001, "volume": 86008287, "typical_volume": 75918972.8, "trend": 35.579334, "fair_value": 34.060064, "relative_strength": -1.368318, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": -3.963772, "energy": 18.195864, "activity_lines": [ 35.884, 34.339818, 35.371286, 35.453377 ] }, { "date": "2026-07-31", "close": 36.509998, "volume": 69187567, "typical_volume": 75994591.4, "trend": 35.63, "fair_value": 34.044103, "relative_strength": 0.101784, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 0.119498, "energy": 13.331784, "activity_lines": [ 36.303999, 34.823091, 35.440714, 35.51342 ] }, { "date": "2026-08-07", "close": 39.240002, "volume": 80719361, "typical_volume": 75879121.9, "trend": 35.799334, "fair_value": 34.043974, "relative_strength": 4.800066, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 24.410514, "energy": 20.551074, "activity_lines": [ 37.178667, 35.814, 35.743905, 35.746323 ] } ], "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." } } }