{ "ticker": { "uuid": "d666c181-2e64-4200-a8a5-2d5fbfd741f8", "symbol": "600897", "name": "Xiamen International Airport 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": -43.243, "architecture_energy": 31.474, "architecture_maturity": 70.76, "architecture_confidence": 82.848, "architecture_tenure": "Established", "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": 31.09, "rotation_up": 25.98, "upward_expansion": 15.73, "deceleration": 46.46, "rotation_down": 35.82, "downward_expansion": 63.4 }, "activity_lines": [ 14.610324, 14.595936, 14.860716, 15.250525 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 14.63, "trend_reference": 15.85308, "distance_from_trend": -0.077151, "trend_direction": "Weakening", "fair_value": 14.187041, "distance_from_fair_value": 0.031223, "fair_value_direction": "Weakening", "relative_strength": -7.210275, "relative_strength_direction": "Weakening", "price_momentum": -0.203593, "excess_performance": -0.160389, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.077151, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.048891, "read": "Falling" 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14.031763, "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": 19, "median_return": 0.022531, "positive_rate": 0.736842, "directional_follow_through": 0.263158, "median_excess_return": 0.003344, "regime_survival": 0.789474, "best_return": 0.119874, "worst_return": -0.093885, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.041892, "positive_rate": 0.857143, "directional_follow_through": 0.142857, "median_excess_return": 0.022067, "regime_survival": 0.428571, "best_return": 0.188486, "worst_return": -0.05887, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.108194, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.067364, "regime_survival": 0.2, "best_return": 0.25902, "worst_return": 0.073003, "sufficient": true }, { "horizon": "Full 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"fair_value": 14.173635, "relative_strength": -11.256793, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -70.5249, "energy": 72.155254, "activity_lines": [ 14.494941, 14.703019, 15.166285, 15.640202 ] }, { "date": "2026-07-17", "close": 14.42, "volume": 7464613, "typical_volume": 11321958.3, "trend": 16.160413, "fair_value": 14.175759, "relative_strength": -4.792751, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.365757, "energy": 71.229573, "activity_lines": [ 14.404782, 14.615885, 15.054607, 15.520648 ] }, { "date": "2026-07-24", "close": 14.45, "volume": 9060879, "typical_volume": 10477203.75, "trend": 16.047746, "fair_value": 14.177945, "relative_strength": -5.670428, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.900906, "energy": 57.170658, "activity_lines": [ 14.415023, 14.563296, 14.961024, 15.410299 ] }, { "date": "2026-07-31", "close": 14.88, "volume": 6190340, "typical_volume": 10044997.65, "trend": 15.938746, "fair_value": 14.185415, "relative_strength": -3.177223, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -57.153336, "energy": 43.035127, "activity_lines": [ 14.571246, 14.604525, 14.918965, 15.33496 ] }, { "date": "2026-08-07", "close": 14.63, "volume": 7229613, "typical_volume": 9796202.65, "trend": 15.85308, "fair_value": 14.187041, "relative_strength": -7.210275, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -43.242565, "energy": 31.473688, "activity_lines": [ 14.610324, 14.595936, 14.860716, 15.250525 ] } ], "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." } } }