{
  "ticker": {
    "uuid": "e1949ae2-4119-46b6-9688-69ec3d1381c3",
    "symbol": "301051",
    "name": "Shenzhen Xinhao Photoelectricity Technology 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": 2,
    "stage_name": "Advancing",
    "phase": "2a",
    "phase_label": "Stage 2A \u00b7 Early advance",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "balance",
    "architecture_regime_label": "Balance",
    "architecture_modifier": "Upper balance after advance",
    "architecture_gate": "mixed",
    "architecture_direction": -11.812,
    "architecture_energy": 28.298,
    "architecture_maturity": 36.414,
    "architecture_confidence": 52.95,
    "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": 44.97,
        "rotation_up": 22.24,
        "upward_expansion": 22.37,
        "deceleration": 64.14,
        "rotation_down": 61.43,
        "downward_expansion": 40.37
      },
      "activity_lines": [
        14.909333,
        16.392182,
        16.860809,
        16.667646
      ],
      "activity_state": "Moderate",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.0
    },
    "latest_close": 17.27,
    "trend_reference": 16.280571,
    "distance_from_trend": 0.060774,
    "trend_direction": "Improving",
    "fair_value": 17.320319,
    "distance_from_fair_value": -0.002905,
    "fair_value_direction": "Weakening",
    "relative_strength": 3.485011,
    "relative_strength_direction": "Improving",
    "price_momentum": 0.183456,
    "excess_performance": 0.176056,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.060774,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.038242,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.002905,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.022124,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.03485,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": true,
        "value": 0.068547,
        "read": "Improving"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.183456,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.580719,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 51716297,
      "relative_activity": 1.419009,
      "balance": 0.580719,
      "dry_up": 1.568345,
      "accumulation_observations": 3,
      "distribution_observations": 5
    },
    "risk": {
      "range_context": 0.182913,
      "annualized_volatility": 0.946434,
      "from_high_reference": -0.291923,
      "from_low_reference": 0.539216
    },
    "levels": {
      "trend_reference": 16.280571,
      "fair_value_reference": 17.320319,
      "structural_low": 11.22,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
    },
    "outcomes": [
      {
        "horizon": "Near term",
        "sample_count": 7,
        "median_return": 0.029954,
        "positive_rate": 0.571429,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.04355,
        "regime_survival": 0.142857,
        "best_return": 0.127957,
        "worst_return": -0.118524,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
        "median_return": -0.000262,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.134658,
        "regime_survival": 0.166667,
        "best_return": 0.129482,
        "worst_return": -0.291583,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
        "median_return": 0.026798,
        "positive_rate": 0.666667,
        "directional_follow_through": 0.666667,
        "median_excess_return": -0.111304,
        "regime_survival": 0.0,
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        "worst_return": -0.301613,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
        "median_return": -0.149301,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
        "median_excess_return": -0.343722,
        "regime_survival": 0.0,
        "best_return": 0.04475,
        "worst_return": -0.343352,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2025-03-28",
        "end": "2025-06-27",
        "tenure": "Established",
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      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
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      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "active": false
      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
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        "active": false
      },
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
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        "active": false
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      {
        "regime": "rotation_up",
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        "return": -0.006909,
        "active": false
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      {
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      },
      {
        "date": "2026-07-17",
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        "typical_volume": 32464610.5,
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        "stage": 4,
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        "direction": 23.996961,
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      },
      {
        "date": "2026-07-24",
        "close": 13.01,
        "volume": 65186582,
        "typical_volume": 34190176.65,
        "trend": 16.22,
        "fair_value": 17.467262,
        "relative_strength": -19.869617,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "up",
        "direction": 1.745204,
        "energy": 6.040181,
        "activity_lines": [
          16.45,
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      },
      {
        "date": "2026-07-31",
        "close": 12.74,
        "volume": 40401643,
        "typical_volume": 35084984.05,
        "trend": 16.171571,
        "fair_value": 17.375864,
        "relative_strength": -19.829996,
        "stage": 4,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -30.243755,
        "energy": 34.851797,
        "activity_lines": [
          14.650667,
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      },
      {
        "date": "2026-08-07",
        "close": 17.27,
        "volume": 51716297,
        "typical_volume": 36445372.3,
        "trend": 16.280571,
        "fair_value": 17.320319,
        "relative_strength": 3.485011,
        "stage": 2,
        "regime": "balance",
        "modifier": "Upper balance after advance",
        "gate": "mixed",
        "direction": -11.811788,
        "energy": 28.298294,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}