{ "ticker": { "uuid": "cbdb4c3b-e924-4457-8281-caf75d042d57", "symbol": "600976", "name": "Jianmin Pharmaceutical Group 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": 88.854, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -31.306, "architecture_energy": 16.456, "architecture_maturity": 100.0, "architecture_confidence": 73.561, "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": 41.16, "rotation_up": 28.7, "upward_expansion": 20.54, "deceleration": 43.84, "rotation_down": 26.94, "downward_expansion": 56.88 }, "activity_lines": [ 28.819334, 28.399818, 29.087488, 29.850188 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 30.15, "trend_reference": 30.90352, "distance_from_trend": -0.024383, "trend_direction": "Weakening", "fair_value": 43.569007, "distance_from_fair_value": -0.307994, "fair_value_direction": "Weakening", "relative_strength": -10.877167, "relative_strength_direction": "Improving", "price_momentum": -0.105344, "excess_performance": -0.06214, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.024383, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.078313, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.307994, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.002454, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.108772, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.086305, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.105344, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.562396, "read": "Demand-led" } ], "volume": { "latest": 23352322, "relative_activity": 2.035118, "balance": 1.562396, "dry_up": 1.653161, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.081771, "annualized_volatility": 0.37388, "from_high_reference": -0.291151, "from_low_reference": 0.164542 }, "levels": { "trend_reference": 30.90352, "fair_value_reference": 43.569007, "structural_low": 25.889999, "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": 34, "median_return": 0.00265, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.018779, "regime_survival": 0.852941, "best_return": 0.514168, "worst_return": -0.17254, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.027553, "positive_rate": 0.545455, "directional_follow_through": 0.454545, "median_excess_return": -0.024897, "regime_survival": 0.545455, "best_return": 0.318349, "worst_return": -0.121258, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.087938, "positive_rate": 0.166667, "directional_follow_through": 0.833333, "median_excess_return": -0.162261, "regime_survival": 0.666667, "best_return": 0.367855, "worst_return": -0.17054, 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-51.131814, "energy": 30.214712, "activity_lines": [ 28.144667, 28.062182, 29.276683, 30.097349 ] }, { "date": "2026-07-31", "close": 28.200001, "volume": 11464837, "typical_volume": 10527119.15, "trend": 30.987158, "fair_value": 43.796359, "relative_strength": -15.059138, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -42.712231, "energy": 27.772236, "activity_lines": [ 28.234, 28.026909, 29.082734, 29.904198 ] }, { "date": "2026-08-07", "close": 30.15, "volume": 23352322, "typical_volume": 11474675.7, "trend": 30.90352, "fair_value": 43.569007, "relative_strength": -10.877167, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -31.305955, "energy": 16.455859, "activity_lines": [ 28.819334, 28.399818, 29.087488, 29.850188 ] } ], "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." } } }