{ "ticker": { "uuid": "e0653d30-7121-42b2-b8e4-f3f92c5fea97", "symbol": "688235", "name": "BeOne Medicines AG", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 67.388, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 48.465, "architecture_energy": 52.379, "architecture_maturity": 18.388, "architecture_confidence": 71.015, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 33.23, "rotation_up": 64.77, "upward_expansion": 56.97, "deceleration": 25.82, "rotation_down": 18.43, "downward_expansion": 17.64 }, "activity_lines": [ 273.780658, 261.929449, 251.44352, 249.443804 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 299.329987, "trend_reference": 253.702999, "distance_from_trend": 0.179844, "trend_direction": "Weakening", "fair_value": 198.593141, "distance_from_fair_value": 0.507252, "fair_value_direction": "Improving", "relative_strength": 13.264607, "relative_strength_direction": "Improving", "price_momentum": 0.0796, "excess_performance": 0.122804, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.179844, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.039983, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.507252, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.196446, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.132646, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.271546, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.0796, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.471905, "read": "Demand-led" } ], "volume": { "latest": 37967187, "relative_activity": 2.004596, "balance": 1.471905, "dry_up": 1.623724, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.099283, "annualized_volatility": 0.434033, "from_high_reference": -0.134884, "from_low_reference": 0.44968 }, "levels": { "trend_reference": 253.702999, "fair_value_reference": 198.593141, "structural_low": 206.479996, 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"activity_lines": [ 250.409331, 242.277998, 240.450285, 245.294903 ] }, { "date": "2026-07-17", "close": 250.509995, "volume": 34497503, "typical_volume": 16908421.65, "trend": 253.379, "fair_value": 195.582116, "relative_strength": -0.458179, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 10.31887, "energy": 21.146811, "activity_lines": [ 253.813996, 244.013452, 241.478142, 245.053914 ] }, { "date": "2026-07-24", "close": 271.0, "volume": 29608255, "typical_volume": 17436686.7, "trend": 253.279, "fair_value": 196.545769, "relative_strength": 6.259018, "stage": 3, "regime": "balance", "modifier": "Balance after decline", "gate": "mixed", "direction": 25.484588, "energy": 31.18185, "activity_lines": [ 261.771997, 249.419634, 244.491665, 246.190752 ] }, { "date": "2026-07-31", "close": 257.049988, "volume": 20940863, "typical_volume": 17740497.2, "trend": 252.678667, "fair_value": 197.434103, "relative_strength": 0.264584, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 16.522915, "energy": 32.229028, "activity_lines": [ 261.561327, 251.94436, 246.021807, 246.434042 ] }, { "date": "2026-08-07", "close": 299.329987, "volume": 37967187, "typical_volume": 18940072.1, "trend": 253.702999, "fair_value": 198.593141, "relative_strength": 13.264607, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 48.464597, "energy": 52.379286, "activity_lines": [ 273.780658, 261.929449, 251.44352, 249.443804 ] } ], "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." } } }