{ "ticker": { "uuid": "ddce5620-0627-4aa4-8512-f715a1a6a6e2", "symbol": "603556", "name": "Hexing Electrical 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": -39.086, "architecture_energy": 26.688, "architecture_maturity": 94.102, "architecture_confidence": 77.341, "architecture_tenure": "Developing", "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": 33.95, "rotation_up": 27.88, "upward_expansion": 22.34, "deceleration": 47.0, "rotation_down": 24.78, "downward_expansion": 58.68 }, "activity_lines": [ 24.714666, 23.749399, 24.944289, 27.388698 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 24.92, "trend_reference": 30.719146, "distance_from_trend": -0.18878, "trend_direction": "Weakening", "fair_value": 32.44172, "distance_from_fair_value": -0.231853, "fair_value_direction": "Weakening", "relative_strength": -18.521877, "relative_strength_direction": "Weakening", "price_momentum": -0.362986, "excess_performance": -0.319782, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.18878, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.1099, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.231853, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.133396, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.185219, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.041171, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.362986, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.642174, "read": "Supply-led" } ], "volume": { "latest": 83027728, "relative_activity": 2.912394, "balance": 0.642174, "dry_up": 2.211077, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.108486, "annualized_volatility": 0.512514, "from_high_reference": -0.424214, "from_low_reference": 0.229018 }, "levels": { "trend_reference": 30.719146, "fair_value_reference": 32.44172, "structural_low": 20.276347, "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": 16, "median_return": 0.012642, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.016371, "regime_survival": 0.8125, "best_return": 0.215307, "worst_return": -0.18863, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.047198, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.001329, "regime_survival": 0.5, "best_return": 0.33391, "worst_return": -0.245741, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.282928, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.187398, "regime_survival": 0.25, "best_return": 0.422076, "worst_return": -0.308323, "sufficient": false }, { 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"fair_value": 32.43825, "relative_strength": -18.471402, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.80011, "energy": 63.210504, "activity_lines": [ 22.77765, 23.164911, 25.925257, 28.671156 ] }, { "date": "2026-07-24", "close": 22.379999, "volume": 49208394, "typical_volume": 23728604.55, "trend": 31.354479, "fair_value": 32.426423, "relative_strength": -24.802132, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -66.852828, "energy": 61.308287, "activity_lines": [ 22.774414, 22.857013, 25.290617, 28.069104 ] }, { "date": "2026-07-31", "close": 26.99, "volume": 71306797, "typical_volume": 25505552.85, "trend": 31.101813, "fair_value": 32.443538, "relative_strength": -9.552416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.616081, "energy": 36.580187, "activity_lines": [ 24.303356, 23.486751, 25.185882, 27.787525 ] }, { "date": "2026-08-07", "close": 24.92, "volume": 83027728, "typical_volume": 28508410.4, "trend": 30.719146, "fair_value": 32.44172, "relative_strength": -18.521877, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -39.085826, "energy": 26.688375, "activity_lines": [ 24.714666, 23.749399, 24.944289, 27.388698 ] } ], "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." } } }