{ "ticker": { "uuid": "de12ce7f-57de-4106-ad7c-9233fb477a7c", "symbol": "688109", "name": "Pinming Technology 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": -62.501, "architecture_energy": 54.361, "architecture_maturity": 62.579, "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": 12.55, "rotation_up": 25.59, "upward_expansion": 8.73, "deceleration": 55.25, "rotation_down": 54.43, "downward_expansion": 82.06 }, "activity_lines": [ 70.997336, 72.951092, 79.85668, 89.88808 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 80.010002, "trend_reference": 103.530266, "distance_from_trend": -0.227182, "trend_direction": "Weakening", "fair_value": 51.911554, "distance_from_fair_value": 0.541275, "fair_value_direction": "Weakening", "relative_strength": -21.579801, "relative_strength_direction": "Weakening", "price_momentum": -0.38631, "excess_performance": -0.343106, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.227182, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.175847, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.541275, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.595755, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.215798, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.26132, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.38631, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.402866, "read": "Supply-led" } ], "volume": { "latest": 5502792, "relative_activity": 1.152594, "balance": 0.402866, "dry_up": 1.153349, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.147517, "annualized_volatility": 0.676962, "from_high_reference": -0.575288, "from_low_reference": 1.096606 }, "levels": { "trend_reference": 103.530266, "fair_value_reference": 51.911554, 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78.989999, 81.434061, 93.013639, 102.674944 ] }, { "date": "2026-07-10", "close": 75.870003, "volume": 4673066, "typical_volume": 4883432.9, "trend": 112.701025, "fair_value": 50.772495, "relative_strength": -24.851926, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.861692, "energy": 56.476118, "activity_lines": [ 77.538, 79.776093, 90.335866, 100.121064 ] }, { "date": "2026-07-17", "close": 67.480003, "volume": 4885719, "typical_volume": 4737287.15, "trend": 109.772225, "fair_value": 51.044773, "relative_strength": -29.525116, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.129251, "energy": 62.687384, "activity_lines": [ 74.015335, 76.944124, 87.081098, 97.203578 ] }, { "date": "2026-07-24", "close": 62.48, "volume": 6475596, "typical_volume": 4816825.5, "trend": 107.681818, "fair_value": 51.286115, "relative_strength": -35.928892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -79.029052, "energy": 71.543671, "activity_lines": [ 69.548001, 73.823953, 83.68429, 94.152467 ] }, { "date": "2026-07-31", "close": 66.660004, "volume": 5161480, "typical_volume": 4745588.35, "trend": 105.086178, "fair_value": 51.551838, "relative_strength": -32.354416, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -68.573013, "energy": 69.182631, "activity_lines": [ 67.828002, 72.04691, 80.979508, 91.505898 ] }, { "date": "2026-08-07", "close": 80.010002, "volume": 5502792, "typical_volume": 4774268.95, "trend": 103.530266, "fair_value": 51.911554, "relative_strength": -21.579801, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -62.501309, "energy": 54.360767, "activity_lines": [ 70.997336, 72.951092, 79.85668, 89.88808 ] } ], "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." } } }