{
  "ticker": {
    "uuid": "ca4dadbd-e485-46d6-8b54-afe4a96084a7",
    "symbol": "300855",
    "name": "Jiangsu ToLand Alloy 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "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": -63.568,
    "architecture_energy": 72.458,
    "architecture_maturity": 18.57,
    "architecture_confidence": 91.833,
    "architecture_tenure": "New",
    "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": 16.74,
        "rotation_up": 13.34,
        "upward_expansion": 16.69,
        "deceleration": 38.23,
        "rotation_down": 68.33,
        "downward_expansion": 90.02
      },
      "activity_lines": [
        28.682667,
        29.846136,
        32.669326,
        34.576644
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 30.700001,
    "trend_reference": 36.422769,
    "distance_from_trend": -0.157121,
    "trend_direction": "Improving",
    "fair_value": 27.638412,
    "distance_from_fair_value": 0.110773,
    "fair_value_direction": "Weakening",
    "relative_strength": -10.075911,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.177825,
    "excess_performance": -0.185225,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.157121,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.016355,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.110773,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.359385,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.100759,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.195751,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.177825,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.380326,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 33562226,
      "relative_activity": 1.220983,
      "balance": 0.380326,
      "dry_up": 1.147036,
      "accumulation_observations": 1,
      "distribution_observations": 6
    },
    "risk": {
      "range_context": 0.122351,
      "annualized_volatility": 0.6526,
      "from_high_reference": -0.383534,
      "from_low_reference": 0.238858
    },
    "levels": {
      "trend_reference": 36.422769,
      "fair_value_reference": 27.638412,
      "structural_low": 25.41,
      "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": 20,
        "median_return": 0.018618,
        "positive_rate": 0.55,
        "directional_follow_through": 0.45,
        "median_excess_return": 0.015782,
        "regime_survival": 0.7,
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        "worst_return": -0.291116,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.056719,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.050609,
        "regime_survival": 0.25,
        "best_return": 0.683813,
        "worst_return": -0.236179,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.016593,
        "positive_rate": 0.5,
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        "median_excess_return": -0.016762,
        "regime_survival": 0.5,
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        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "directional_follow_through": 0.333333,
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        "worst_return": -0.324738,
        "sufficient": false
      }
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      },
      {
        "regime": "balance",
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      {
        "regime": "downward_expansion",
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      },
      {
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      },
      {
        "regime": "downward_expansion",
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      {
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
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      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "regime": "upward_expansion",
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      },
      {
        "date": "2026-04-17",
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      },
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        "date": "2026-06-05",
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      },
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 29156779.7,
        "trend": 36.748102,
        "fair_value": 27.74637,
        "relative_strength": -17.063649,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -81.433555,
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          30.722379,
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      },
      {
        "date": "2026-07-24",
        "close": 26.43,
        "volume": 38204783,
        "typical_volume": 28581788.8,
        "trend": 36.640436,
        "fair_value": 27.693418,
        "relative_strength": -19.780606,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -80.187074,
        "energy": 77.260648,
        "activity_lines": [
          29.051999,
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      },
      {
        "date": "2026-07-31",
        "close": 27.780001,
        "volume": 24857187,
        "typical_volume": 27344437.9,
        "trend": 36.476102,
        "fair_value": 27.652495,
        "relative_strength": -14.325685,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.051006,
        "energy": 78.701101,
        "activity_lines": [
          28.308,
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        ]
      },
      {
        "date": "2026-08-07",
        "close": 30.700001,
        "volume": 33562226,
        "typical_volume": 27487869.1,
        "trend": 36.422769,
        "fair_value": 27.638412,
        "relative_strength": -10.075911,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -63.568234,
        "energy": 72.458422,
        "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."
    }
  }
}