{ "ticker": { "uuid": "e1663032-2666-4ece-9eaf-31266fb7e0f2", "symbol": "603887", "name": "Shanghai CDXJ Digital 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -66.193, "architecture_energy": 65.935, "architecture_maturity": 55.813, "architecture_confidence": 96, "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": 8.4, "rotation_up": 26.78, "upward_expansion": 12.0, "deceleration": 55.82, "rotation_down": 57.99, "downward_expansion": 85.33 }, "activity_lines": [ 8.838667, 9.125818, 10.802952, 12.123613 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 9.37, "trend_reference": 13.538, "distance_from_trend": -0.307874, "trend_direction": "Weakening", "fair_value": 12.065513, "distance_from_fair_value": -0.223406, "fair_value_direction": "Weakening", "relative_strength": -35.682596, "relative_strength_direction": "Weakening", "price_momentum": -0.400128, "excess_performance": -0.356924, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.307874, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.108071, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.223406, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.530458, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.356826, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.221965, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.400128, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.472019, "read": "Supply-led" } ], "volume": { "latest": 106792462, "relative_activity": 1.28351, "balance": 0.472019, "dry_up": 1.198646, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.117724, "annualized_volatility": 0.379868, "from_high_reference": -0.522183, "from_low_reference": 0.192112 }, "levels": { "trend_reference": 13.538, "fair_value_reference": 12.065513, "structural_low": 7.86, "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": 27, "median_return": -0.011643, "positive_rate": 0.444444, "directional_follow_through": 0.555556, "median_excess_return": 0.012174, "regime_survival": 0.814815, "best_return": 0.1566, "worst_return": -0.221273, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.002448, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": 0.011859, "regime_survival": 0.444444, "best_return": 0.059275, "worst_return": -0.255495, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.111255, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.070364, "regime_survival": 0.2, "best_return": 0.227575, "worst_return": -0.208936, "sufficient": true }, { "horizon": "Full 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"down", "direction": -85.75995, "energy": 94.276139, "activity_lines": [ 9.036, 9.990364, 12.033476, 13.09428 ] }, { "date": "2026-07-24", "close": 8.23, "volume": 104610884, "typical_volume": 93718749.4, "trend": 13.840333, "fair_value": 12.05718, "relative_strength": -43.070761, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.579695, "energy": 91.232534, "activity_lines": [ 8.648667, 9.484364, 11.527476, 12.720817 ] }, { "date": "2026-07-31", "close": 8.89, "volume": 94239823, "typical_volume": 87439611.65, "trend": 13.676333, "fair_value": 12.057564, "relative_strength": -38.024897, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.159625, "energy": 82.083897, "activity_lines": [ 8.634667, 9.215455, 11.123762, 12.401441 ] }, { "date": "2026-08-07", "close": 9.37, "volume": 106792462, "typical_volume": 83203423.15, "trend": 13.538, "fair_value": 12.065513, "relative_strength": -35.682596, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.192506, "energy": 65.935198, "activity_lines": [ 8.838667, 9.125818, 10.802952, 12.123613 ] } ], "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." } } }