{
  "ticker": {
    "uuid": "db8d5d2a-184f-4567-ac98-c6783990177c",
    "symbol": "300641",
    "name": "Jiangsu Zhengdan Chemical Industry Co., Ltd.",
    "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": "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": -60.919,
    "architecture_energy": 69.133,
    "architecture_maturity": 42.071,
    "architecture_confidence": 92.105,
    "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": 15.73,
        "rotation_up": 16.03,
        "upward_expansion": 15.85,
        "deceleration": 38.42,
        "rotation_down": 61.59,
        "downward_expansion": 86.85
      },
      "activity_lines": [
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        16.575787
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      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.5
    },
    "latest_close": 14.69,
    "trend_reference": 17.825106,
    "distance_from_trend": -0.175881,
    "trend_direction": "Weakening",
    "fair_value": 17.800779,
    "distance_from_fair_value": -0.174755,
    "fair_value_direction": "Weakening",
    "relative_strength": -26.32405,
    "relative_strength_direction": "Improving",
    "price_momentum": -0.307076,
    "excess_performance": -0.314475,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.175881,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.060849,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.174755,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.19857,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.263241,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.077952,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.307076,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 1.14221,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 35054322,
      "relative_activity": 0.666158,
      "balance": 1.14221,
      "dry_up": 0.674686,
      "accumulation_observations": 1,
      "distribution_observations": 1
    },
    "risk": {
      "range_context": 0.105492,
      "annualized_volatility": 0.474614,
      "from_high_reference": -0.431502,
      "from_low_reference": 0.086538
    },
    "levels": {
      "trend_reference": 17.825106,
      "fair_value_reference": 17.800779,
      "structural_low": 13.52,
      "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": 26,
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        "positive_rate": 0.538462,
        "directional_follow_through": 0.461538,
        "median_excess_return": -0.014653,
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        "worst_return": -0.198052,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 7,
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        "sufficient": true
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-24",
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        "relative_strength": -29.577783,
        "stage": 4,
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-07-31",
        "close": 14.39,
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        "typical_volume": 64570272.1,
        "trend": 17.923773,
        "fair_value": 17.739501,
        "relative_strength": -25.09303,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -63.629207,
        "energy": 75.10206,
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      },
      {
        "date": "2026-08-07",
        "close": 14.69,
        "volume": 35054322,
        "typical_volume": 52621621.6,
        "trend": 17.825106,
        "fair_value": 17.800779,
        "relative_strength": -26.32405,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.918835,
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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."
    }
  }
}