{ "ticker": { "uuid": "d308e201-c67f-4c67-95db-4272d5ea2f60", "symbol": "600216", "name": "Zhejiang Medicine 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": -44.815, "architecture_energy": 39.121, "architecture_maturity": 83.121, "architecture_confidence": 86.577, "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": 28.03, "rotation_up": 27.72, "upward_expansion": 19.56, "deceleration": 46.95, "rotation_down": 32.38, "downward_expansion": 64.89 }, "activity_lines": [ 12.046, 11.882938, 12.435141, 13.224597 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 12.27, "trend_reference": 14.047227, "distance_from_trend": -0.126518, "trend_direction": "Weakening", "fair_value": 13.116286, "distance_from_fair_value": -0.064522, "fair_value_direction": "Weakening", "relative_strength": -13.632042, "relative_strength_direction": "Weakening", "price_momentum": -0.178715, "excess_performance": -0.135511, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.126518, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.053655, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.064522, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.163006, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.13632, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.013167, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.178715, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.532155, "read": "Supply-led" } ], "volume": { "latest": 79981526, "relative_activity": 0.923382, "balance": 0.532155, "dry_up": 1.106887, "accumulation_observations": 1, "distribution_observations": 2 }, "risk": { "range_context": 0.065863, "annualized_volatility": 0.383355, "from_high_reference": -0.339612, "from_low_reference": 0.116724 }, "levels": { "trend_reference": 14.047227, "fair_value_reference": 13.116286, "structural_low": 10.9875, "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": 32, "median_return": 0.009901, "positive_rate": 0.53125, "directional_follow_through": 0.46875, "median_excess_return": 0.00149, "regime_survival": 0.84375, "best_return": 0.143011, "worst_return": -0.157124, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": -0.039315, "positive_rate": 0.363636, "directional_follow_through": 0.636364, "median_excess_return": 0.019851, "regime_survival": 0.545455, "best_return": 0.355077, "worst_return": -0.116866, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.047315, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.00714, "regime_survival": 0.333333, "best_return": 0.301803, "worst_return": -0.188225, 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"Early contraction", "gate": "down", "direction": -63.27459, "energy": 61.880943, "activity_lines": [ 11.805602, 11.889855, 12.912238, 13.642835 ] }, { "date": "2026-07-24", "close": 11.63, "volume": 102550713, "typical_volume": 103201469.75, "trend": 14.15756, "fair_value": 13.096848, "relative_strength": -16.516968, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -56.584256, "energy": 54.449428, "activity_lines": [ 11.802202, 11.779913, 12.687254, 13.474777 ] }, { "date": "2026-07-31", "close": 12.11, "volume": 72746714, "typical_volume": 93109415.75, "trend": 14.100227, "fair_value": 13.105838, "relative_strength": -12.993687, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.719372, "energy": 46.652265, "activity_lines": [ 11.933549, 11.803244, 12.540126, 13.342676 ] }, { "date": "2026-08-07", "close": 12.27, "volume": 79981526, "typical_volume": 86618034.65, "trend": 14.047227, "fair_value": 13.116286, "relative_strength": -13.632042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.815075, "energy": 39.121026, "activity_lines": [ 12.046, 11.882938, 12.435141, 13.224597 ] } ], "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." } } }