{ "ticker": { "uuid": "d0f87de7-30bf-4c1b-8797-da9d4df1eb73", "symbol": "688317", "name": "Shanghai ZJ Bio-Tech 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -48.224, "architecture_energy": 36.282, "architecture_maturity": 53.486, "architecture_confidence": 59.258, "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": 19.65, "rotation_up": 23.54, "upward_expansion": 16.2, "deceleration": 66.33, "rotation_down": 46.62, "downward_expansion": 68.53 }, "activity_lines": [ 16.148667, 16.036727, 17.310905, 18.115161 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 17.110001, "trend_reference": 19.149667, "distance_from_trend": -0.106512, "trend_direction": "Weakening", "fair_value": 18.896335, "distance_from_fair_value": -0.094533, "fair_value_direction": "Weakening", "relative_strength": -17.213872, "relative_strength_direction": "Weakening", "price_momentum": -0.247912, "excess_performance": -0.204708, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.106512, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.082079, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.094533, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.163608, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.172139, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.070341, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.247912, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.442026, "read": "Demand-led" } ], "volume": { "latest": 11026927, "relative_activity": 0.770992, "balance": 1.442026, "dry_up": 0.836044, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.116261, "annualized_volatility": 0.445813, "from_high_reference": -0.419803, "from_low_reference": 0.154521 }, "levels": { "trend_reference": 19.149667, "fair_value_reference": 18.896335, "structural_low": 14.82, "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": 28, "median_return": -0.031508, "positive_rate": 0.357143, "directional_follow_through": 0.607143, "median_excess_return": -0.018348, "regime_survival": 0.821429, "best_return": 0.208508, "worst_return": -0.223437, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.122075, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.084884, "regime_survival": 0.7, "best_return": 0.472582, "worst_return": -0.254078, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.207373, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.127607, "regime_survival": 0.5, "best_return": 0.41528, "worst_return": -0.333174, "sufficient": true }, 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"activity_lines": [ 15.679333, 16.624, 18.023429, 18.751893 ] }, { "date": "2026-07-24", "close": 15.09, "volume": 13353676, "typical_volume": 14058847.15, "trend": 19.385667, "fair_value": 18.989316, "relative_strength": -25.886346, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -69.830119, "energy": 64.29739, "activity_lines": [ 15.462, 16.165818, 17.666857, 18.463377 ] }, { "date": "2026-07-31", "close": 16.129999, "volume": 9300631, "typical_volume": 14151209.05, "trend": 19.251667, "fair_value": 18.94013, "relative_strength": -20.452173, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.908743, "energy": 47.971153, "activity_lines": [ 15.676666, 15.97, 17.433286, 18.253333 ] }, { "date": "2026-08-07", "close": 17.110001, "volume": 11026927, "typical_volume": 14302265.75, "trend": 19.149667, "fair_value": 18.896335, "relative_strength": -17.213872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.224072, "energy": 36.28237, "activity_lines": [ 16.148667, 16.036727, 17.310905, 18.115161 ] } ], "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." } } }