{ "ticker": { "uuid": "e168b66b-daff-42f0-bf29-b52d95ab1ba2", "symbol": "ZYBT", "name": "Zhengye Biotechnology Holding Limited Ordinary Shares", "exchange": "NASDAQ", "country": "US", "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": "QQQ", "stage": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 96.0, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "up", "architecture_direction": 59.188, "architecture_energy": 36.826, "architecture_maturity": 28.266, "architecture_confidence": 57.845, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 37.41, "rotation_up": 60.51, "upward_expansion": 73.84, "deceleration": 63.52, "rotation_down": 16.13, "downward_expansion": 7.5 }, "activity_lines": [ 1.475733, 1.183664, 1.035883, 0.983194 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.166667 }, "latest_close": 1.89, "trend_reference": 0.942654, "distance_from_trend": 1.004977, "trend_direction": "Weakening", "fair_value": 3.698027, "distance_from_fair_value": -0.488917, "fair_value_direction": "Improving", "relative_strength": -26.477792, "relative_strength_direction": "Improving", "price_momentum": 1.248929, "excess_performance": 1.061475, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 1.004977, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.22259, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.488917, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.285063, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.264778, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.524361, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 1.248929, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 52.073292, "read": "Demand-led" } ], "volume": { "latest": 87508757, "relative_activity": 5.421068, "balance": 52.073292, "dry_up": 4.71721, "accumulation_observations": 2, "distribution_observations": 0 }, "risk": { "range_context": 0.501088, "annualized_volatility": 1.548913, "from_high_reference": -0.855505, "from_low_reference": 2.070674 }, "levels": { "trend_reference": 0.942654, "fair_value_reference": 3.698027, "structural_low": 0.6155, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Intermediate", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Extended", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 0, "median_return": null, "positive_rate": null, "directional_follow_through": null, "median_excess_return": null, "regime_survival": null, "best_return": null, "worst_return": null, "sufficient": false } ], "ledger": [ { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2026-07-17", "end": "2026-07-24", "tenure": "New", "return": 1.47851, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-07-31", "end": "2026-08-07", "tenure": "New", "return": 0.421053, "active": true } ], "chart_path": [ { "date": "2025-01-10", "close": 4.6162, "volume": 2935223, "typical_volume": null, "trend": null, "fair_value": null, "relative_strength": null, "stage": null, "regime": null, "modifier": null, "gate": null, "direction": null, "energy": null, "activity_lines": [ null, null, null, null ] }, { "date": "2025-01-17", "close": 4.73, "volume": 1420634, "typical_volume": null, "trend": null, "fair_value": null, 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"trend": 0.911321, "fair_value": 3.749583, "relative_strength": -33.944307, "stage": 1, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "mixed", "direction": 29.331492, "energy": 16.901746, "activity_lines": [ 1.05252, 0.922863, 0.900446, 0.893472 ] }, { "date": "2026-07-31", "close": 1.33, "volume": 1867684, "typical_volume": 11799076.45, "trend": 0.917988, "fair_value": 3.720076, "relative_strength": -47.47034, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 47.423819, "energy": 28.433565, "activity_lines": [ 1.191347, 1.006545, 0.942797, 0.920484 ] }, { "date": "2026-08-07", "close": 1.89, "volume": 87508757, "typical_volume": 16142345.45, "trend": 0.942654, "fair_value": 3.698027, "relative_strength": -26.477792, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "up", "direction": 59.187792, "energy": 36.82619, "activity_lines": [ 1.475733, 1.183664, 1.035883, 0.983194 ] } ], "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." } } }