{ "ticker": { "uuid": "e52e3687-3a25-4513-b7e8-8bd45c1c9a12", "symbol": "603071", "name": "ZJMI Environmental Energy 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": -44.542, "architecture_energy": 32.881, "architecture_maturity": 51.948, "architecture_confidence": 62.605, "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": 32.96, "rotation_up": 24.81, "upward_expansion": 16.22, "deceleration": 66.25, "rotation_down": 37.42, "downward_expansion": 63.89 }, "activity_lines": [ 11.858, 11.811455, 12.348637, 12.691322 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 11.9, "trend_reference": 13.027327, "distance_from_trend": -0.086536, "trend_direction": "Weakening", "fair_value": 12.489928, "distance_from_fair_value": -0.047232, "fair_value_direction": "Weakening", "relative_strength": -8.636985, "relative_strength_direction": "Weakening", "price_momentum": -0.109132, "excess_performance": -0.065928, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.086536, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.026753, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.047232, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.152956, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.08637, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.067365, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.109132, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.557123, "read": "Supply-led" } ], "volume": { "latest": 14732038, "relative_activity": 0.996749, "balance": 0.557123, "dry_up": 1.07033, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.070466, "annualized_volatility": 0.354365, "from_high_reference": -0.208245, "from_low_reference": 0.061552 }, "levels": { "trend_reference": 13.027327, "fair_value_reference": 12.489928, "structural_low": 11.21, "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": 13, "median_return": -0.018819, "positive_rate": 0.384615, "directional_follow_through": 0.615385, "median_excess_return": 0.000615, "regime_survival": 0.846154, "best_return": 0.143947, "worst_return": -0.077114, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": -0.015919, "positive_rate": 0.25, "directional_follow_through": 0.75, "median_excess_return": -0.050876, "regime_survival": 0.5, "best_return": 0.060862, "worst_return": -0.055866, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": -0.015101, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.073388, "regime_survival": 0.0, "best_return": 0.001596, "worst_return": -0.031797, "sufficient": false }, { 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"fair_value": 12.542294, "relative_strength": -6.435413, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.608663, "energy": 78.041331, "activity_lines": [ 11.582667, 12.037858, 12.657955, 12.920935 ] }, { "date": "2026-07-24", "close": 11.72, "volume": 20699803, "typical_volume": 15876911.8, "trend": 13.080183, "fair_value": 12.523688, "relative_strength": -7.649334, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -62.404806, "energy": 65.384052, "activity_lines": [ 11.628, 11.905677, 12.527571, 12.831072 ] }, { "date": "2026-07-31", "close": 12.07, "volume": 12883006, "typical_volume": 15249497.9, "trend": 13.055945, "fair_value": 12.507269, "relative_strength": -5.05794, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -57.796096, "energy": 43.252358, "activity_lines": [ 11.8, 11.866909, 12.440772, 12.765899 ] }, { "date": "2026-08-07", "close": 11.9, "volume": 14732038, "typical_volume": 14780081.5, "trend": 13.027327, "fair_value": 12.489928, "relative_strength": -8.636985, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.542035, "energy": 32.881045, "activity_lines": [ 11.858, 11.811455, 12.348637, 12.691322 ] } ], "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." } } }