{ "ticker": { "uuid": "e697d3f8-8e97-4572-b5ea-f63977c7d419", "symbol": "688621", "name": "Beijing Sun-Novo Pharmaceutical Research 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 63.931, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": 9.876, "architecture_energy": 19.224, "architecture_maturity": 30.07, "architecture_confidence": 68.159, "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": 60.56, "rotation_up": 39.62, "upward_expansion": 30.44, "deceleration": 49.58, "rotation_down": 17.21, "downward_expansion": 43.44 }, "activity_lines": [ 59.028667, 56.555049, 56.037684, 57.641969 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 64.879997, "trend_reference": 60.736606, "distance_from_trend": 0.068219, "trend_direction": "Weakening", "fair_value": 54.780131, "distance_from_fair_value": 0.184371, "fair_value_direction": "Improving", "relative_strength": 2.708615, "relative_strength_direction": "Improving", "price_momentum": -0.000616, "excess_performance": 0.042588, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.068219, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.046944, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.184371, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.146999, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.027086, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.186051, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.000616, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.409645, "read": "Demand-led" } ], "volume": { "latest": 13910038, "relative_activity": 1.308188, "balance": 1.409645, "dry_up": 1.75576, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.096283, "annualized_volatility": 0.391119, "from_high_reference": -0.249942, "from_low_reference": 0.359313 }, "levels": { "trend_reference": 60.736606, "fair_value_reference": 54.780131, "structural_low": 47.73, "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": 11, "median_return": -0.049549, "positive_rate": 0.272727, "directional_follow_through": 0.272727, "median_excess_return": -0.066468, "regime_survival": 0.272727, "best_return": 0.077447, "worst_return": -0.138535, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.100764, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.129423, "regime_survival": 0.285714, "best_return": 0.178947, "worst_return": -0.215559, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.20375, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.236727, "regime_survival": 0.2, "best_return": 0.19991, "worst_return": -0.366222, 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"Established contraction", "gate": "down", "direction": -42.210829, "energy": 25.47728, "activity_lines": [ 54.365486, 53.559329, 55.570182, 58.012839 ] }, { "date": "2026-07-24", "close": 55.220001, "volume": 17697536, "typical_volume": 10156672.0, "trend": 60.946273, "fair_value": 54.727951, "relative_strength": -9.732489, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -36.632809, "energy": 20.664097, "activity_lines": [ 54.916201, 53.853074, 55.32619, 57.613703 ] }, { "date": "2026-07-31", "close": 57.150002, "volume": 11750483, "typical_volume": 10382164.9, "trend": 60.645606, "fair_value": 54.725159, "relative_strength": -6.962696, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -32.179536, "energy": 17.99353, "activity_lines": [ 55.909335, 54.511407, 55.302961, 57.368782 ] }, { "date": "2026-08-07", "close": 64.879997, "volume": 13910038, "typical_volume": 10633053.5, "trend": 60.736606, "fair_value": 54.780131, "relative_strength": 2.708615, "stage": 1, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": 9.87626, "energy": 19.223694, "activity_lines": [ 59.028667, 56.555049, 56.037684, 57.641969 ] } ], "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." } } }