{
  "ticker": {
    "uuid": "c7d7dd3c-a303-4da3-b1fd-189ee5f6355b",
    "symbol": "300952",
    "name": "Jiangsu Hanvo Safety Product 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -64.797,
    "architecture_energy": 68.836,
    "architecture_maturity": 36.0,
    "architecture_confidence": 92.47,
    "architecture_tenure": "Developing",
    "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": 7.71,
        "rotation_up": 16.72,
        "upward_expansion": 14.4,
        "deceleration": 43.46,
        "rotation_down": 66.24,
        "downward_expansion": 87.73
      },
      "activity_lines": [
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        20.053772,
        22.1181
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 17.290001,
    "trend_reference": 25.246799,
    "distance_from_trend": -0.315161,
    "trend_direction": "Weakening",
    "fair_value": 18.169966,
    "distance_from_fair_value": -0.04843,
    "fair_value_direction": "Weakening",
    "relative_strength": -30.701602,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.504328,
    "excess_performance": -0.511728,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.315161,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.06248,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.04843,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.545584,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.307016,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.213509,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.504328,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.501353,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 22576495,
      "relative_activity": 0.771378,
      "balance": 0.501353,
      "dry_up": 0.941661,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.165815,
      "annualized_volatility": 0.571225,
      "from_high_reference": -0.565845,
      "from_low_reference": 0.181011
    },
    "levels": {
      "trend_reference": 25.246799,
      "fair_value_reference": 18.169966,
      "structural_low": 14.64,
      "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": 11,
        "median_return": 0.035308,
        "positive_rate": 0.818182,
        "directional_follow_through": 0.181818,
        "median_excess_return": 0.077974,
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        "worst_return": -0.136458,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 4,
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        "positive_rate": 1.0,
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        "worst_return": 0.015773,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
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        "positive_rate": 1.0,
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        "worst_return": 0.078338,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "sufficient": false
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    ],
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        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      {
        "regime": "upward_expansion",
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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      {
        "regime": "upward_expansion",
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      {
        "regime": "balance",
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      {
        "regime": "upward_expansion",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 29896909.8,
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        "fair_value": 18.148301,
        "relative_strength": -37.975148,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 15.93,
        "volume": 24559256,
        "typical_volume": 29583004.1,
        "trend": 25.63929,
        "fair_value": 18.157118,
        "relative_strength": -33.061127,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -71.038049,
        "energy": 69.250823,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 17.290001,
        "volume": 22576495,
        "typical_volume": 29267739.2,
        "trend": 25.246799,
        "fair_value": 18.169966,
        "relative_strength": -30.701602,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -64.797458,
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        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}