{ "ticker": { "uuid": "dee8e8a9-e4d4-4b9a-8b08-bf3169091d56", "symbol": "600833", "name": "Shanghai No.1 Pharmacy 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": -46.164, "architecture_energy": 40.715, "architecture_maturity": 100.0, "architecture_confidence": 64.196, "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": 27.14, "rotation_up": 26.81, "upward_expansion": 18.33, "deceleration": 66.88, "rotation_down": 36.14, "downward_expansion": 63.66 }, "activity_lines": [ 9.734667, 9.695916, 10.163675, 10.68636 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 10.01, "trend_reference": 11.439852, "distance_from_trend": -0.124989, "trend_direction": "Weakening", "fair_value": 11.887288, "distance_from_fair_value": -0.157924, "fair_value_direction": "Weakening", "relative_strength": -18.455231, "relative_strength_direction": "Weakening", "price_momentum": -0.240516, "excess_performance": -0.197312, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.124989, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.101595, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.157924, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.154276, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.184552, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.030838, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.240516, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.786386, "read": "Supply-led" } ], "volume": { "latest": 31059108, "relative_activity": 2.039345, "balance": 0.786386, "dry_up": 1.59449, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.068962, "annualized_volatility": 0.269768, "from_high_reference": -0.376324, "from_low_reference": 0.1 }, "levels": { "trend_reference": 11.439852, "fair_value_reference": 11.887288, "structural_low": 9.1, "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": 20, "median_return": 0.023805, "positive_rate": 0.55, "directional_follow_through": 0.45, "median_excess_return": 0.006773, "regime_survival": 0.75, "best_return": 0.160256, "worst_return": -0.152013, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.086307, "positive_rate": 0.714286, "directional_follow_through": 0.285714, "median_excess_return": 0.040087, "regime_survival": 0.285714, "best_return": 0.260289, "worst_return": -0.201909, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.120519, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.024927, "regime_survival": 0.25, "best_return": 0.135503, "worst_return": -0.016187, "sufficient": false }, { "horizon": "Full cycle", 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21852609, "typical_volume": 14172162.05, "trend": 11.656852, "fair_value": 11.912832, "relative_strength": -23.396319, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -71.992624, "energy": 57.940409, "activity_lines": [ 9.573333, 9.699406, 10.348204, 10.912427 ] }, { "date": "2026-07-31", "close": 9.68, "volume": 16329013, "typical_volume": 14363048.15, "trend": 11.537186, "fair_value": 11.898878, "relative_strength": -19.51757, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -59.184357, "energy": 51.454964, "activity_lines": [ 9.616, 9.654507, 10.233273, 10.784888 ] }, { "date": "2026-08-07", "close": 10.01, "volume": 31059108, "typical_volume": 15229945.85, "trend": 11.439852, "fair_value": 11.887288, "relative_strength": -18.455231, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -46.164205, "energy": 40.714512, "activity_lines": [ 9.734667, 9.695916, 10.163675, 10.68636 ] } ], "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." } } }