{
  "ticker": {
    "uuid": "dda69f0b-5126-40cd-a66a-b5ab5468aad2",
    "symbol": "JKS",
    "name": "JinkoSolar Holding Company Limited",
    "exchange": "NYSE",
    "country": "US",
    "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": "SPY",
    "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": -62.43,
    "architecture_energy": 53.857,
    "architecture_maturity": 68.643,
    "architecture_confidence": 95.418,
    "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": 8.05,
        "rotation_up": 26.38,
        "upward_expansion": 9.12,
        "deceleration": 56.02,
        "rotation_down": 52.71,
        "downward_expansion": 82.45
      },
      "activity_lines": [
        15.917333,
        16.141802,
        17.903661,
        19.49806
      ],
      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 17.01,
    "trend_reference": 21.755564,
    "distance_from_trend": -0.218131,
    "trend_direction": "Weakening",
    "fair_value": 22.549583,
    "distance_from_fair_value": -0.245662,
    "fair_value_direction": "Weakening",
    "relative_strength": -35.055079,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.385921,
    "excess_performance": -0.511545,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.218131,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.133322,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.245662,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.18828,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.350551,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.197089,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.385921,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.618659,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 4668726,
      "relative_activity": 1.29684,
      "balance": 0.618659,
      "dry_up": 0.963739,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.125941,
      "annualized_volatility": 0.462561,
      "from_high_reference": -0.466437,
      "from_low_reference": 0.169072
    },
    "levels": {
      "trend_reference": 21.755564,
      "fair_value_reference": 22.549583,
      "structural_low": 14.55,
      "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": 28,
        "median_return": 0.012876,
        "positive_rate": 0.607143,
        "directional_follow_through": 0.392857,
        "median_excess_return": -0.016807,
        "regime_survival": 0.785714,
        "best_return": 0.375,
        "worst_return": -0.263158,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 10,
        "median_return": 0.089922,
        "positive_rate": 0.6,
        "directional_follow_through": 0.4,
        "median_excess_return": 0.016661,
        "regime_survival": 0.6,
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        "worst_return": -0.325194,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 6,
        "median_return": -0.090584,
        "positive_rate": 0.333333,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.209405,
        "regime_survival": 0.333333,
        "best_return": 0.612252,
        "worst_return": -0.210401,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 4,
        "median_return": -0.036981,
        "positive_rate": 0.5,
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        "best_return": 0.298029,
        "worst_return": -0.356237,
        "sufficient": false
      }
    ],
    "ledger": [
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        "regime": "balance",
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        "end": "2024-06-28",
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        "active": false
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      {
        "regime": "downward_expansion",
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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      {
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      {
        "regime": "upward_expansion",
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      {
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      {
        "regime": "downward_expansion",
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        "end": "2025-06-13",
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      {
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      {
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      },
      {
        "date": "2026-07-17",
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        "stage": 4,
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      },
      {
        "date": "2026-07-24",
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        "volume": 3578153,
        "typical_volume": 3496334.8,
        "trend": 22.519231,
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        "relative_strength": -41.784415,
        "stage": 4,
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      },
      {
        "date": "2026-07-31",
        "close": 15.14,
        "volume": 2487557,
        "typical_volume": 3507146.75,
        "trend": 22.092564,
        "fair_value": 22.634689,
        "relative_strength": -40.603747,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -69.379334,
        "energy": 70.27127,
        "activity_lines": [
          15.45,
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          19.825968
        ]
      },
      {
        "date": "2026-08-07",
        "close": 17.01,
        "volume": 4668726,
        "typical_volume": 3600078.85,
        "trend": 21.755564,
        "fair_value": 22.549583,
        "relative_strength": -35.055079,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -62.430387,
        "energy": 53.85651,
        "activity_lines": [
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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."
    }
  }
}