{ "ticker": { "uuid": "d0370a6e-169d-4cc9-83c2-7e9a33944ec7", "symbol": "002296", "name": "HeNan Splendor Science & 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": "Established contraction", "architecture_gate": "down", "architecture_direction": -63.237, "architecture_energy": 62.204, "architecture_maturity": 60.998, "architecture_confidence": 96, "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": 11.21, "rotation_up": 26.4, "upward_expansion": 12.0, "deceleration": 59.04, "rotation_down": 52.84, "downward_expansion": 83.0 }, "activity_lines": [ 8.783333, 8.896489, 9.52699, 10.204869 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 9.0, "trend_reference": 11.108121, "distance_from_trend": -0.189782, "trend_direction": "Weakening", "fair_value": 9.68844, "distance_from_fair_value": -0.071058, "fair_value_direction": "Weakening", "relative_strength": -21.988648, "relative_strength_direction": "Weakening", "price_momentum": -0.317665, "excess_performance": -0.325065, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.189782, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.050962, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.071058, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.296401, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.219886, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.045345, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.317665, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.342276, "read": "Supply-led" } ], "volume": { "latest": 53696534, "relative_activity": 1.289019, "balance": 0.342276, "dry_up": 1.052159, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.07165, "annualized_volatility": 0.379247, "from_high_reference": -0.406724, "from_low_reference": 0.072706 }, "levels": { "trend_reference": 11.108121, "fair_value_reference": 9.68844, "structural_low": 8.39, 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"downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.974481, "energy": 82.375729, "activity_lines": [ 8.908667, 9.24617, 10.011232, 10.68986 ] }, { "date": "2026-07-24", "close": 8.45, "volume": 38593688, "typical_volume": 45382384.1, "trend": 11.257121, "fair_value": 9.676393, "relative_strength": -25.33022, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.230552, "energy": 70.121619, "activity_lines": [ 8.725333, 9.028007, 9.797596, 10.504132 ] }, { "date": "2026-07-31", "close": 8.8, "volume": 42523566, "typical_volume": 42970142.2, "trend": 11.181454, "fair_value": 9.680218, "relative_strength": -20.371625, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.425764, "energy": 64.465119, "activity_lines": [ 8.722, 8.92523, 9.642721, 10.345608 ] }, { "date": "2026-08-07", "close": 9.0, "volume": 53696534, "typical_volume": 41656908.9, "trend": 11.108121, "fair_value": 9.68844, "relative_strength": -21.988648, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.237407, "energy": 62.203816, "activity_lines": [ 8.783333, 8.896489, 9.52699, 10.204869 ] } ], "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." } } }