{ "ticker": { "uuid": "e7aa3abb-aa93-479c-9be7-06eab427c92d", "symbol": "603189", "name": "Shanghai Wondertek Software 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": "Established contraction", "architecture_gate": "down", "architecture_direction": -65.984, "architecture_energy": 69.926, "architecture_maturity": 66.706, "architecture_confidence": 95.494, "architecture_tenure": "Established", "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": 7.53, "rotation_up": 25.25, "upward_expansion": 14.05, "deceleration": 45.87, "rotation_down": 59.44, "downward_expansion": 87.38 }, "activity_lines": [ 9.082, 9.572925, 10.752935, 12.534926 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 9.65, "trend_reference": 15.068648, "distance_from_trend": -0.359597, "trend_direction": "Weakening", "fair_value": 15.789338, "distance_from_fair_value": -0.388828, "fair_value_direction": "Weakening", "relative_strength": -45.661338, "relative_strength_direction": "Weakening", "price_momentum": -0.507653, "excess_performance": -0.464449, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.359597, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.196634, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.388828, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.144065, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.456613, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.024247, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.507653, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.606794, "read": "Supply-led" } ], "volume": { "latest": 18103900, "relative_activity": 0.518499, "balance": 0.606794, "dry_up": 0.506717, "accumulation_observations": 1, "distribution_observations": 0 }, "risk": { "range_context": 0.137145, "annualized_volatility": 0.576627, "from_high_reference": -0.623488, "from_low_reference": 0.24677 }, "levels": { "trend_reference": 15.068648, "fair_value_reference": 15.789338, "structural_low": 7.74, "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": 20, "median_return": -0.007041, "positive_rate": 0.45, "directional_follow_through": 0.55, "median_excess_return": -0.000398, "regime_survival": 0.8, "best_return": 0.241689, "worst_return": -0.32605, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.037542, "positive_rate": 0.375, "directional_follow_through": 0.625, "median_excess_return": 0.01483, "regime_survival": 0.5, "best_return": 0.518653, "worst_return": -0.378813, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.193012, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.199492, "regime_survival": 0.0, "best_return": 0.595495, "worst_return": -0.185559, "sufficient": false }, { "horizon": "Full cycle", 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"modifier": "Established contraction", "gate": "down", "direction": -84.813744, "energy": 81.791249, "activity_lines": [ 9.797009, 10.498323, 11.980689, 13.842278 ] }, { "date": "2026-07-24", "close": 8.57, "volume": 18793761, "typical_volume": 39932863.3, "trend": 15.735981, "fair_value": 15.845039, "relative_strength": -51.381122, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -80.42477, "energy": 84.860356, "activity_lines": [ 9.304, 10.032886, 11.477311, 13.354752 ] }, { "date": "2026-07-31", "close": 8.76, "volume": 15438900, "typical_volume": 39092357.3, "trend": 15.381314, "fair_value": 15.812669, "relative_strength": -49.923675, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -72.79414, "energy": 85.971397, "activity_lines": [ 9.01, 9.691617, 11.04798, 12.904689 ] }, { "date": "2026-08-07", "close": 9.65, "volume": 18103900, "typical_volume": 34915992.35, "trend": 15.068648, "fair_value": 15.789338, "relative_strength": -45.661338, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.984095, "energy": 69.925651, "activity_lines": [ 9.082, 9.572925, 10.752935, 12.534926 ] } ], "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." } } }