{ "ticker": { "uuid": "dd874495-8f99-42fb-9dff-1f8f6fdee608", "symbol": "600965", "name": "Fortune Ng Fung Food (Hebei) 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": -64.68, "architecture_energy": 64.711, "architecture_maturity": 73.684, "architecture_confidence": 96, "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": 11.56, "rotation_up": 29.91, "upward_expansion": 12.0, "deceleration": 51.59, "rotation_down": 51.27, "downward_expansion": 83.0 }, "activity_lines": [ 2.572, 2.608727, 2.96619, 3.563656 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 2.57, "trend_reference": 4.358, "distance_from_trend": -0.41028, "trend_direction": "Weakening", "fair_value": 4.8599, "distance_from_fair_value": -0.471183, "fair_value_direction": "Weakening", "relative_strength": -45.845833, "relative_strength_direction": "Weakening", "price_momentum": -0.597809, "excess_performance": -0.554605, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.41028, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.186738, "read": "Falling" }, { "label": "Price vs 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"trend": 4.886, "fair_value": 4.977647, "relative_strength": -45.838721, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.211854, "energy": 76.760857, "activity_lines": [ 2.673333, 2.857273, 3.646619, 4.238989 ] }, { "date": "2026-07-10", "close": 2.73, "volume": 27584422, "typical_volume": 50019330.85, "trend": 4.787, "fair_value": 4.955572, "relative_strength": -45.964233, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.470348, "energy": 66.548944, "activity_lines": [ 2.676667, 2.802545, 3.49219, 4.099892 ] }, { "date": "2026-07-17", "close": 2.61, "volume": 20577587, "typical_volume": 48485071.6, "trend": 4.696667, "fair_value": 4.93254, "relative_strength": -44.526402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.620923, "energy": 65.936428, "activity_lines": [ 2.658667, 2.745636, 3.34081, 3.959441 ] }, { "date": "2026-07-24", "close": 2.42, "volume": 21594320, "typical_volume": 45734851.45, "trend": 4.587333, "fair_value": 4.908039, "relative_strength": -48.618335, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.613109, "energy": 66.597169, "activity_lines": [ 2.586667, 2.666182, 3.187952, 3.812559 ] }, { "date": "2026-07-31", "close": 2.63, "volume": 18797456, "typical_volume": 42670792.8, "trend": 4.470667, "fair_value": 4.884822, "relative_strength": -43.754014, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.366274, "energy": 64.258696, "activity_lines": [ 2.594667, 2.636, 3.072, 3.68628 ] }, { "date": "2026-08-07", "close": 2.57, "volume": 16842877, "typical_volume": 40500563.15, "trend": 4.358, "fair_value": 4.8599, "relative_strength": -45.845833, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.680149, "energy": 64.711419, "activity_lines": [ 2.572, 2.608727, 2.96619, 3.563656 ] } ], "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." } } }