{
  "ticker": {
    "uuid": "cafe82eb-6ed6-4459-bf07-1cd39a16a907",
    "symbol": "600579",
    "name": "KraussMaffei Company Limited",
    "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": -49.24,
    "architecture_energy": 35.409,
    "architecture_maturity": 46.052,
    "architecture_confidence": 86.45,
    "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": 29.88,
        "rotation_up": 20.67,
        "upward_expansion": 8.02,
        "deceleration": 46.86,
        "rotation_down": 54.56,
        "downward_expansion": 74.35
      },
      "activity_lines": [
        7.112,
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        7.27581,
        7.524925
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 7.28,
    "trend_reference": 7.907,
    "distance_from_trend": -0.079297,
    "trend_direction": "Weakening",
    "fair_value": 7.49391,
    "distance_from_fair_value": -0.028545,
    "fair_value_direction": "Weakening",
    "relative_strength": -11.40715,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.16895,
    "excess_performance": -0.125746,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.079297,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.060219,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.028545,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.075776,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.114071,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.040187,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.16895,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.895439,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 29137135,
      "relative_activity": 0.920847,
      "balance": 0.895439,
      "dry_up": 1.229263,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.09235,
      "annualized_volatility": 0.360141,
      "from_high_reference": -0.266868,
      "from_low_reference": 0.142857
    },
    "levels": {
      "trend_reference": 7.907,
      "fair_value_reference": 7.49391,
      "structural_low": 6.37,
      "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": 18,
        "median_return": -0.000334,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.007986,
        "regime_survival": 0.722222,
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        "worst_return": -0.155811,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "positive_rate": 0.714286,
        "directional_follow_through": 0.285714,
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        "worst_return": -0.140065,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
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        "positive_rate": 0.8,
        "directional_follow_through": 0.2,
        "median_excess_return": 0.093281,
        "regime_survival": 0.2,
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        "worst_return": -0.11303,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
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        "worst_return": -0.055925,
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      }
    ],
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        "regime": "balance",
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      },
      {
        "regime": "downward_expansion",
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      },
      {
        "regime": "rotation_up",
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      },
      {
        "regime": "upward_expansion",
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      {
        "regime": "deceleration",
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      },
      {
        "regime": "rotation_down",
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        "active": false
      },
      {
        "regime": "downward_expansion",
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      {
        "regime": "balance",
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      },
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 32588676.1,
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        "stage": 4,
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        "energy": 29.31936,
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      },
      {
        "date": "2026-07-31",
        "close": 7.11,
        "volume": 33824381,
        "typical_volume": 31780690.15,
        "trend": 7.941,
        "fair_value": 7.493397,
        "relative_strength": -11.828741,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.087552,
        "energy": 33.363356,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 7.28,
        "volume": 29137135,
        "typical_volume": 31641657.85,
        "trend": 7.907,
        "fair_value": 7.49391,
        "relative_strength": -11.40715,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -49.240478,
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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."
    }
  }
}