{ "ticker": { "uuid": "d00ce6dc-d0fb-45c5-86e0-33b2e6c3a2e2", "symbol": "600438", "name": "Tongwei 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": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -64.485, "architecture_energy": 62.271, "architecture_maturity": 100.0, "architecture_confidence": 95.144, "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": 8.92, "rotation_up": 28.91, "upward_expansion": 12.0, "deceleration": 60.96, "rotation_down": 52.99, "downward_expansion": 85.33 }, "activity_lines": [ 11.857333, 11.871818, 13.207476, 14.35886 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 13.08, "trend_reference": 15.923667, "distance_from_trend": -0.178581, "trend_direction": "Weakening", "fair_value": 21.265203, "distance_from_fair_value": -0.384911, "fair_value_direction": "Weakening", "relative_strength": -29.694941, "relative_strength_direction": "Weakening", "price_momentum": -0.281319, "excess_performance": -0.238115, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.178581, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.18435, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.384911, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.135919, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.296949, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.089237, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.281319, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.660128, "read": "Supply-led" } ], "volume": { "latest": 546969887, "relative_activity": 2.237639, "balance": 0.660128, "dry_up": 1.382268, "accumulation_observations": 3, "distribution_observations": 5 }, "risk": { "range_context": 0.086744, "annualized_volatility": 0.399967, "from_high_reference": -0.528649, "from_low_reference": 0.267442 }, "levels": { "trend_reference": 15.923667, "fair_value_reference": 21.265203, 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{ "date": "2026-07-10", "close": 11.36, "volume": 275567460, "typical_volume": 219118891.6, "trend": 17.202333, "fair_value": 21.792834, "relative_strength": -42.414266, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -82.158006, "energy": 93.013179, "activity_lines": [ 11.952, 12.958727, 14.585381, 15.670731 ] }, { "date": "2026-07-17", "close": 10.48, "volume": 253164363, "typical_volume": 229783757.25, "trend": 16.831, "fair_value": 21.64928, "relative_strength": -42.928261, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -87.496588, "energy": 95.11038, "activity_lines": [ 11.334, 12.325818, 14.081476, 15.237032 ] }, { "date": "2026-07-24", "close": 11.14, "volume": 287275661, "typical_volume": 244147540.3, "trend": 16.509, "fair_value": 21.522916, "relative_strength": -39.452201, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -69.925916, "energy": 85.446734, "activity_lines": [ 11.150667, 11.935455, 13.677, 14.869871 ] }, { "date": "2026-07-31", "close": 11.68, "volume": 264119481, "typical_volume": 234279811.4, "trend": 16.171667, "fair_value": 21.3873, "relative_strength": -36.094937, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -67.977871, "energy": 67.480818, "activity_lines": [ 11.261333, 11.736182, 13.357381, 14.558323 ] }, { "date": "2026-08-07", "close": 13.08, "volume": 546969887, "typical_volume": 244440604.45, "trend": 15.923667, "fair_value": 21.265203, "relative_strength": -29.694941, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.485082, "energy": 62.270999, "activity_lines": [ 11.857333, 11.871818, 13.207476, 14.35886 ] } ], "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." } } }