{ "ticker": { "uuid": "c6be9cd9-0158-4a03-8278-4acbbcc40907", "symbol": "600436", "name": "Zhangzhou Pientzehuang Pharmaceutical., 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": -10.078, "architecture_energy": 28.052, "architecture_maturity": 100.0, "architecture_confidence": 43.635, "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": 50.27, "rotation_up": 50.66, "upward_expansion": 30.21, "deceleration": 38.5, "rotation_down": 14.44, "downward_expansion": 48.21 }, "activity_lines": [ 135.654749, 128.278718, 128.501024, 134.208839 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 136.990005, "trend_reference": 143.002317, "distance_from_trend": -0.042043, "trend_direction": "Weakening", "fair_value": 200.87437, "distance_from_fair_value": -0.318031, "fair_value_direction": "Improving", "relative_strength": -15.085758, "relative_strength_direction": "Improving", "price_momentum": -0.145948, "excess_performance": -0.102744, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.042043, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.103537, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.318031, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.021532, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.150858, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.139716, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.145948, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.066086, "read": "Demand-led" } ], "volume": { "latest": 31687301, "relative_activity": 1.591039, "balance": 1.066086, "dry_up": 2.728582, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.079178, "annualized_volatility": 0.452717, "from_high_reference": -0.368779, "from_low_reference": 0.283044 }, "levels": { "trend_reference": 143.002317, "fair_value_reference": 200.87437, 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-19.057333, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -37.119367, "energy": 26.150652, "activity_lines": [ 126.912052, 122.501609, 127.723685, 135.029439 ] }, { "date": "2026-07-31", "close": 139.440002, "volume": 38031654, "typical_volume": 18855353.05, "trend": 144.061984, "fair_value": 201.742875, "relative_strength": -12.013056, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -11.806027, "energy": 25.934251, "activity_lines": [ 132.780749, 125.752527, 128.188592, 134.665096 ] }, { "date": "2026-08-07", "close": 136.990005, "volume": 31687301, "typical_volume": 19916106.6, "trend": 143.002317, "fair_value": 200.87437, "relative_strength": -15.085758, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -10.077683, "energy": 28.052138, "activity_lines": [ 135.654749, 128.278718, 128.501024, 134.208839 ] } ], "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." } } }