{
  "ticker": {
    "uuid": "de5c839c-d46e-4485-8798-8442c9aeaf38",
    "symbol": "600961",
    "name": "Zhuzhou Smelter Group 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": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Re-accelerating",
    "architecture_gate": "up",
    "architecture_direction": 26.702,
    "architecture_energy": 23.396,
    "architecture_maturity": 76.015,
    "architecture_confidence": 91.932,
    "architecture_tenure": "Developing",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 50.11,
        "rotation_up": 26.41,
        "upward_expansion": 44.96,
        "deceleration": 81.67,
        "rotation_down": 42.18,
        "downward_expansion": 34.3
      },
      "activity_lines": [
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        25.305441
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      "activity_state": "Compressed",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.166667
    },
    "latest_close": 29.4,
    "trend_reference": 23.792667,
    "distance_from_trend": 0.235675,
    "trend_direction": "Improving",
    "fair_value": 12.758846,
    "distance_from_fair_value": 1.304284,
    "fair_value_direction": "Weakening",
    "relative_strength": 48.164246,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.282163,
    "excess_performance": 0.325367,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.235675,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.184166,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 1.304284,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.356371,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.481642,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.238431,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.282163,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.84548,
        "read": "Supply-led"
      }
    ],
    "volume": {
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      "relative_activity": 1.650355,
      "balance": 0.84548,
      "dry_up": 1.254676,
      "accumulation_observations": 3,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.138488,
      "annualized_volatility": 0.947848,
      "from_high_reference": -0.19891,
      "from_low_reference": 1.615658
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    "levels": {
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      "fair_value_reference": 12.758846,
      "structural_low": 15.96,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 27,
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        "positive_rate": 0.518519,
        "directional_follow_through": 0.518519,
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        "sufficient": true
      },
      {
        "horizon": "Intermediate",
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        "sufficient": true
      },
      {
        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
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        "typical_volume": 195412956.15,
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        "fair_value": 12.628205,
        "relative_strength": 19.583028,
        "stage": 2,
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        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": -0.573718,
        "energy": 22.322015,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 29.4,
        "volume": 341776388,
        "typical_volume": 207092595.2,
        "trend": 23.792667,
        "fair_value": 12.758846,
        "relative_strength": 48.164246,
        "stage": 2,
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        "modifier": "Re-accelerating",
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        "direction": 26.702152,
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        "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."
    }
  }
}