{ "ticker": { "uuid": "d2cc6b3f-4367-4729-9e6a-67f2cafaee8a", "symbol": "600775", "name": "Nanjing Panda Electronics Company Limited", "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": -62.596, "architecture_energy": 54.364, "architecture_maturity": 72.765, "architecture_confidence": 89.099, "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": 8.05, "rotation_up": 26.79, "upward_expansion": 9.14, "deceleration": 60.77, "rotation_down": 52.68, "downward_expansion": 82.47 }, "activity_lines": [ 9.384667, 9.454394, 10.325685, 11.226752 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 9.94, "trend_reference": 12.483385, "distance_from_trend": -0.203742, "trend_direction": "Weakening", "fair_value": 10.583471, "distance_from_fair_value": -0.0608, "fair_value_direction": "Weakening", "relative_strength": -17.874431, "relative_strength_direction": "Weakening", "price_momentum": -0.283862, "excess_performance": -0.240658, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.203742, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.050358, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.0608, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.331268, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.178744, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.18942, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.283862, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.048139, "read": "Demand-led" } ], "volume": { "latest": 147250297, "relative_activity": 1.497517, "balance": 1.048139, "dry_up": 1.418618, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.110619, "annualized_volatility": 0.481355, "from_high_reference": -0.503992, "from_low_reference": 0.244055 }, "levels": { "trend_reference": 12.483385, "fair_value_reference": 10.583471, "structural_low": 7.99, "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": 15, "median_return": 0.006809, "positive_rate": 0.533333, "directional_follow_through": 0.466667, "median_excess_return": -0.014986, "regime_survival": 0.666667, "best_return": 0.895541, "worst_return": -0.201133, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.143506, "positive_rate": 0.833333, "directional_follow_through": 0.166667, "median_excess_return": 0.081807, "regime_survival": 0.166667, "best_return": 0.846847, "worst_return": -0.11488, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.272356, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.167515, "regime_survival": 0.0, "best_return": 0.655608, "worst_return": 0.051422, "sufficient": false }, { "horizon": "Full 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"date": "2026-07-24", "close": 8.55, "volume": 82723114, "typical_volume": 118854899.0, "trend": 12.643718, "fair_value": 10.582061, "relative_strength": -27.452327, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -76.778103, "energy": 79.556422, "activity_lines": [ 8.893333, 9.454966, 10.646557, 11.5805 ] }, { "date": "2026-07-31", "close": 9.78, "volume": 253482215, "typical_volume": 108092831.95, "trend": 12.559385, "fair_value": 10.580651, "relative_strength": -17.206212, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.804052, "energy": 61.421963, "activity_lines": [ 9.126667, 9.42096, 10.463121, 11.395744 ] }, { "date": "2026-08-07", "close": 9.94, "volume": 147250297, "typical_volume": 98329633.45, "trend": 12.483385, "fair_value": 10.583471, "relative_strength": -17.874431, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.595986, "energy": 54.36365, "activity_lines": [ 9.384667, 9.454394, 10.325685, 11.226752 ] } ], "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." } } }