{
  "ticker": {
    "uuid": "cc823871-52a5-4727-8a09-a8889ac38014",
    "symbol": "000049",
    "name": "Shenzhen Desay Battery Technology 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": -42.355,
    "architecture_energy": 27.076,
    "architecture_maturity": 36.015,
    "architecture_confidence": 60.244,
    "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": 31.22,
        "rotation_up": 23.39,
        "upward_expansion": 14.37,
        "deceleration": 61.5,
        "rotation_down": 39.41,
        "downward_expansion": 64.37
      },
      "activity_lines": [
        24.171333,
        24.041636,
        24.808428,
        25.303096
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      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.5
    },
    "latest_close": 24.66,
    "trend_reference": 25.825375,
    "distance_from_trend": -0.045125,
    "trend_direction": "Weakening",
    "fair_value": 24.404155,
    "distance_from_fair_value": 0.010484,
    "fair_value_direction": "Weakening",
    "relative_strength": -8.560195,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.045026,
    "excess_performance": -0.052426,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.045125,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.041314,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.010484,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.125318,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.085602,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.002351,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.045026,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.031773,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 38199060,
      "relative_activity": 0.787459,
      "balance": 1.031773,
      "dry_up": 0.911024,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.07201,
      "annualized_volatility": 0.340066,
      "from_high_reference": -0.210252,
      "from_low_reference": 0.10583
    },
    "levels": {
      "trend_reference": 25.825375,
      "fair_value_reference": 24.404155,
      "structural_low": 22.299999,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 28,
        "median_return": 0.003423,
        "positive_rate": 0.535714,
        "directional_follow_through": 0.464286,
        "median_excess_return": 0.010108,
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        "worst_return": -0.178638,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 11,
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        "worst_return": -0.217479,
        "sufficient": true
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      {
        "horizon": "Extended",
        "sample_count": 6,
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        "positive_rate": 0.5,
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        "regime_survival": 0.333333,
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        "sufficient": true
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      {
        "horizon": "Full cycle",
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      },
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      },
      {
        "date": "2026-07-24",
        "close": 23.629999,
        "volume": 40652274,
        "typical_volume": 49448999.0,
        "trend": 25.994161,
        "fair_value": 24.479562,
        "relative_strength": -9.525958,
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        "direction": -59.765919,
        "energy": 38.319735,
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      },
      {
        "date": "2026-07-31",
        "close": 24.4,
        "volume": 49282388,
        "typical_volume": 49525211.95,
        "trend": 25.891557,
        "fair_value": 24.437259,
        "relative_strength": -4.979103,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -46.725467,
        "energy": 32.952197,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 24.66,
        "volume": 38199060,
        "typical_volume": 48509281.3,
        "trend": 25.825375,
        "fair_value": 24.404155,
        "relative_strength": -8.560195,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -42.354689,
        "energy": 27.075819,
        "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."
    }
  }
}