{ "ticker": { "uuid": "e6503a04-382d-40e3-9a42-ec2415567b07", "symbol": "300870", "name": "Shenzhen Honor Electronic 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": 3, "stage_name": "Distribution", "phase": "3b", "phase_label": "Stage 3B \u00b7 Distribution", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 96.0, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -23.258, "architecture_energy": 38.134, "architecture_maturity": 9.066, "architecture_confidence": 48.459, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 40.75, "rotation_up": 14.07, "upward_expansion": 17.71, "deceleration": 62.07, "rotation_down": 65.89, "downward_expansion": 42.71 }, "activity_lines": [ 203.972, 238.865818, 257.579085, 248.012671 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 212.710007, "trend_reference": 229.873886, "distance_from_trend": -0.074667, "trend_direction": "Improving", "fair_value": 98.313795, "distance_from_fair_value": 1.163583, "fair_value_direction": "Weakening", "relative_strength": 7.063653, "relative_strength_direction": "Weakening", "price_momentum": 0.194468, "excess_performance": 0.187068, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.074667, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.2035, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.163583, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -1.281483, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.070637, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.465954, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.194468, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.794037, "read": "Supply-led" } ], "volume": { "latest": 40540062, "relative_activity": 1.471902, "balance": 0.794037, "dry_up": 1.314481, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.240587, "annualized_volatility": 0.9481, "from_high_reference": -0.450362, "from_low_reference": 1.352414 }, "levels": { "trend_reference": 229.873886, "fair_value_reference": 98.313795, "structural_low": 154.161331, "invalidation": "A 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"activity_lines": [ 209.90533, 248.791271, 261.564337, 249.001702 ] }, { "date": "2026-08-07", "close": 212.710007, "volume": 40540062, "typical_volume": 27542646.0, "trend": 229.873886, "fair_value": 98.313795, "relative_strength": 7.063653, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -23.2581, "energy": 38.134446, "activity_lines": [ 203.972, 238.865818, 257.579085, 248.012671 ] } ], "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." } } }