{ "ticker": { "uuid": "dcb66a94-b478-43de-8521-1c97ed74783a", "symbol": "603313", "name": "Healthcare 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": -49.197, "architecture_energy": 33.602, "architecture_maturity": 90.426, "architecture_confidence": 76.657, "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": 33.03, "rotation_up": 29.13, "upward_expansion": 11.25, "deceleration": 58.03, "rotation_down": 37.89, "downward_expansion": 68.59 }, "activity_lines": [ 6.005333, 6.038182, 6.109762, 6.634495 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 6.03, "trend_reference": 7.453, "distance_from_trend": -0.19093, "trend_direction": "Weakening", "fair_value": 8.246212, "distance_from_fair_value": -0.268755, "fair_value_direction": "Weakening", "relative_strength": -25.261476, "relative_strength_direction": "Improving", "price_momentum": -0.395792, "excess_performance": -0.352588, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.19093, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.129322, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.268755, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.005511, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.252615, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.086006, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.395792, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.511291, "read": "Supply-led" } ], "volume": { "latest": 105700647, "relative_activity": 1.388368, "balance": 0.511291, "dry_up": 2.445085, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.128715, "annualized_volatility": 0.56615, "from_high_reference": -0.440111, "from_low_reference": 0.220648 }, "levels": { "trend_reference": 7.453, "fair_value_reference": 8.246212, "structural_low": 4.94, "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": 29, "median_return": -0.020755, "positive_rate": 0.413793, "directional_follow_through": 0.586207, "median_excess_return": -0.026176, "regime_survival": 0.827586, "best_return": 0.367232, "worst_return": -0.24359, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": -0.071611, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.041192, "regime_survival": 0.5, "best_return": 0.207627, "worst_return": -0.300592, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.048311, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.089959, "regime_survival": 0.166667, "best_return": 0.123637, "worst_return": -0.354098, "sufficient": true }, { "horizon": "Full cycle", 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contraction", "gate": "down", "direction": -31.231024, "energy": 28.197004, "activity_lines": [ 6.566667, 6.158727, 6.409524, 7.015527 ] }, { "date": "2026-07-24", "close": 5.57, "volume": 166210270, "typical_volume": 68756194.9, "trend": 7.673333, "fair_value": 8.312758, "relative_strength": -29.88627, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.680913, "energy": 28.433986, "activity_lines": [ 6.326, 6.087273, 6.27919, 6.870753 ] }, { "date": "2026-07-31", "close": 5.53, "volume": 114764940, "typical_volume": 72553721.7, "trend": 7.548667, "fair_value": 8.280077, "relative_strength": -30.093883, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.531651, "energy": 27.068895, "activity_lines": [ 6.071333, 6.014545, 6.16219, 6.732473 ] }, { "date": "2026-08-07", "close": 6.03, "volume": 105700647, "typical_volume": 76133001.95, "trend": 7.453, "fair_value": 8.246212, "relative_strength": -25.261476, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.197333, "energy": 33.601776, "activity_lines": [ 6.005333, 6.038182, 6.109762, 6.634495 ] } ], "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." } } }