{ "ticker": { "uuid": "dea6c12c-0741-4b7d-b5f6-6cfb317ab8cd", "symbol": "000400", "name": "XJ Electric Co., Ltd.", "exchange": "SHZ", "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": "399001.SZ", "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": -46.243, "architecture_energy": 36.257, "architecture_maturity": 84.903, "architecture_confidence": 88.849, "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": 21.48, "rotation_up": 27.42, "upward_expansion": 18.22, "deceleration": 46.97, "rotation_down": 37.45, "downward_expansion": 68.22 }, "activity_lines": [ 22.233333, 21.88788, 22.985303, 24.391237 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 22.76, "trend_reference": 26.206239, "distance_from_trend": -0.131505, "trend_direction": "Weakening", "fair_value": 24.745217, "distance_from_fair_value": -0.080226, "fair_value_direction": "Weakening", "relative_strength": -14.805294, "relative_strength_direction": "Improving", "price_momentum": -0.23701, "excess_performance": -0.244409, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.131505, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.055338, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.080226, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.140248, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.148053, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.011443, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.23701, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.941497, "read": "Supply-led" } ], "volume": { "latest": 138812165, "relative_activity": 1.329043, "balance": 0.941497, "dry_up": 1.207233, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.077745, "annualized_volatility": 0.373688, "from_high_reference": -0.343146, "from_low_reference": 0.175013 }, "levels": { "trend_reference": 26.206239, "fair_value_reference": 24.745217, "structural_low": 19.370001, "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": 19, "median_return": 0.045998, "positive_rate": 0.631579, "directional_follow_through": 0.368421, "median_excess_return": 0.015628, "regime_survival": 0.789474, "best_return": 0.367253, "worst_return": -0.142576, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.12548, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": 0.165942, "regime_survival": 0.428571, "best_return": 0.407784, "worst_return": -0.113262, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.218608, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.202417, "regime_survival": 0.2, "best_return": 0.876052, "worst_return": -0.197592, "sufficient": true }, { "horizon": 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24.135916, 25.519278 ] }, { "date": "2026-07-17", "close": 20.82, "volume": 84118232, "typical_volume": 122681431.05, "trend": 26.563906, "fair_value": 24.733183, "relative_strength": -19.612759, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.846699, "energy": 86.545004, "activity_lines": [ 20.938698, 21.883148, 23.645739, 25.135993 ] }, { "date": "2026-07-24", "close": 22.190001, "volume": 172610013, "typical_volume": 114509589.5, "trend": 26.425239, "fair_value": 24.737006, "relative_strength": -14.42822, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.106036, "energy": 63.065109, "activity_lines": [ 21.251334, 21.748537, 23.3388, 24.853806 ] }, { "date": "2026-07-31", "close": 22.799999, "volume": 108818192, "typical_volume": 106133172.9, "trend": 26.304572, "fair_value": 24.739723, "relative_strength": -10.467331, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -52.695455, "energy": 48.723128, "activity_lines": [ 21.798, 21.795845, 23.144433, 24.619919 ] }, { "date": "2026-08-07", "close": 22.76, "volume": 138812165, "typical_volume": 104445171.0, "trend": 26.206239, "fair_value": 24.745217, "relative_strength": -14.805294, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.243086, "energy": 36.257493, "activity_lines": [ 22.233333, 21.88788, 22.985303, 24.391237 ] } ], "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." } } }