{
  "ticker": {
    "uuid": "d283d4fa-68c8-471a-89e1-a3df5ee8e076",
    "symbol": "300864",
    "name": "Academy of Environmental Planning and Design, Co.,Ltd. Nanjing University",
    "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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "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": -62.929,
    "architecture_energy": 70.972,
    "architecture_maturity": 11.879,
    "architecture_confidence": 85.481,
    "architecture_tenure": "New",
    "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": 17.79,
        "rotation_up": 9.54,
        "upward_expansion": 16.05,
        "deceleration": 37.68,
        "rotation_down": 71.64,
        "downward_expansion": 89.38
      },
      "activity_lines": [
        18.446,
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        20.16743,
        20.465622
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 18.719999,
    "trend_reference": 20.765164,
    "distance_from_trend": -0.09849,
    "trend_direction": "Improving",
    "fair_value": 19.514122,
    "distance_from_fair_value": -0.040695,
    "fair_value_direction": "Weakening",
    "relative_strength": -10.589225,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.129495,
    "excess_performance": -0.136895,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.09849,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.004112,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.040695,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.268136,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.105892,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.078561,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.129495,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.557132,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 6858798,
      "relative_activity": 0.78026,
      "balance": 0.557132,
      "dry_up": 0.952706,
      "accumulation_observations": 2,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.081085,
      "annualized_volatility": 0.301954,
      "from_high_reference": -0.249576,
      "from_low_reference": 0.111639
    },
    "levels": {
      "trend_reference": 20.765164,
      "fair_value_reference": 19.514122,
      "structural_low": 16.84,
      "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": 13,
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        "positive_rate": 0.692308,
        "directional_follow_through": 0.307692,
        "median_excess_return": 0.004731,
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        "worst_return": -0.137826,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "positive_rate": 0.571429,
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        "worst_return": -0.107993,
        "sufficient": true
      },
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        "horizon": "Extended",
        "sample_count": 5,
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      {
        "horizon": "Full cycle",
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      },
      {
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      },
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        "date": "2026-07-03",
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      },
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 8989004.55,
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        "stage": 1,
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        "modifier": "Supply rotation",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 8898329.35,
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        "fair_value": 19.557218,
        "relative_strength": -13.906649,
        "stage": 1,
        "regime": "rotation_down",
        "modifier": "Structural failure",
        "gate": "down",
        "direction": -78.03201,
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        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 18.07,
        "volume": 7394311,
        "typical_volume": 8819961.8,
        "trend": 20.774772,
        "fair_value": 19.540386,
        "relative_strength": -9.653546,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -69.251475,
        "energy": 71.293603,
        "activity_lines": [
          18.483333,
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      },
      {
        "date": "2026-08-07",
        "close": 18.719999,
        "volume": 6858798,
        "typical_volume": 8790401.9,
        "trend": 20.765164,
        "fair_value": 19.514122,
        "relative_strength": -10.589225,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -62.92935,
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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."
    }
  }
}