{ "ticker": { "uuid": "c6385b4e-2ade-4f36-8bed-c61e52cc4b6a", "symbol": "603636", "name": "Linewell Software 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": "Established contraction", "architecture_gate": "down", "architecture_direction": -66.431, "architecture_energy": 76.397, "architecture_maturity": 68.0, "architecture_confidence": 85.97, "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": 5.41, "rotation_up": 10.31, "upward_expansion": 17.24, "deceleration": 38.93, "rotation_down": 76.52, "downward_expansion": 92.91 }, "activity_lines": [ 6.776, 7.258182, 8.189619, 8.710581 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 7.09, "trend_reference": 9.544667, "distance_from_trend": -0.257177, "trend_direction": "Weakening", "fair_value": 11.084849, "distance_from_fair_value": -0.360388, "fair_value_direction": "Weakening", "relative_strength": -34.029207, "relative_strength_direction": "Weakening", "price_momentum": -0.371454, "excess_performance": -0.32825, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.257177, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.145968, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.360388, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.315741, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.340292, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.194588, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.371454, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.26707, "read": "Supply-led" } ], "volume": { "latest": 82842164, "relative_activity": 1.045165, "balance": 0.26707, "dry_up": 1.334067, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.151025, "annualized_volatility": 0.577155, "from_high_reference": -0.527963, "from_low_reference": 0.250441 }, "levels": { "trend_reference": 9.544667, "fair_value_reference": 11.084849, "structural_low": 5.67, "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": 24, "median_return": -0.026968, "positive_rate": 0.416667, "directional_follow_through": 0.583333, "median_excess_return": -0.026112, "regime_survival": 0.833333, "best_return": 0.329049, "worst_return": -0.287854, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.095185, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.073901, "regime_survival": 0.666667, "best_return": 0.287706, "worst_return": -0.179869, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.055458, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": -0.10245, "regime_survival": 0.4, "best_return": 0.580482, "worst_return": -0.260024, "sufficient": true }, { "horizon": 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"stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -83.50629, "energy": 85.793596, "activity_lines": [ 6.956667, 7.709455, 8.571095, 9.081871 ] }, { "date": "2026-07-31", "close": 6.73, "volume": 88193915, "typical_volume": 77155742.1, "trend": 9.703, "fair_value": 11.124121, "relative_strength": -36.512279, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.283717, "energy": 76.494553, "activity_lines": [ 6.766667, 7.412182, 8.355238, 8.879161 ] }, { "date": "2026-08-07", "close": 7.09, "volume": 82842164, "typical_volume": 79262317.15, "trend": 9.544667, "fair_value": 11.084849, "relative_strength": -34.029207, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.431342, "energy": 76.396981, "activity_lines": [ 6.776, 7.258182, 8.189619, 8.710581 ] } ], "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." } } }