{ "ticker": { "uuid": "e8217795-7157-4357-8d11-1f7d2908ef16", "symbol": "688503", "name": "Changzhou Fusion New Material 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 58.044, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -32.869, "architecture_energy": 60.904, "architecture_maturity": 16.03, "architecture_confidence": 63.984, "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": 40.9, "rotation_up": 18.86, "upward_expansion": 23.53, "deceleration": 40.75, "rotation_down": 66.58, "downward_expansion": 58.19 }, "activity_lines": [ 70.944667, 80.991041, 88.582017, 89.750495 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.333333 }, "latest_close": 75.889999, "trend_reference": 89.321122, "distance_from_trend": -0.150369, "trend_direction": "Improving", "fair_value": 56.580049, "distance_from_fair_value": 0.341285, "fair_value_direction": "Weakening", "relative_strength": -0.115477, "relative_strength_direction": "Weakening", "price_momentum": 0.042445, "excess_performance": 0.085649, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.150369, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.122316, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.341285, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.645604, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.001155, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.601374, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.042445, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.494122, "read": "Supply-led" } ], "volume": { "latest": 75899244, "relative_activity": 1.419603, "balance": 0.494122, "dry_up": 1.414239, "accumulation_observations": 3, "distribution_observations": 6 }, "risk": { "range_context": 0.21586, "annualized_volatility": 0.895994, "from_high_reference": -0.383008, "from_low_reference": 0.686444 }, "levels": { "trend_reference": 89.321122, "fair_value_reference": 56.580049, "structural_low": 57.939999, 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"relative_strength": 1.008998, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -7.251546, "energy": 4.467135, "activity_lines": [ 93.092669, 94.542043, 96.035212, 93.889874 ] }, { "date": "2026-07-24", "close": 65.25, "volume": 79995081, "typical_volume": 50667848.15, "trend": 88.869122, "fair_value": 56.793645, "relative_strength": -10.621145, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -33.870404, "energy": 38.352281, "activity_lines": [ 82.765335, 88.798813, 93.228719, 92.384296 ] }, { "date": "2026-07-31", "close": 60.98, "volume": 66551483, "typical_volume": 51499357.05, "trend": 88.824789, "fair_value": 56.615422, "relative_strength": -17.039773, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.04021, "energy": 64.267201, "activity_lines": [ 73.236667, 83.110102, 90.130606, 90.584998 ] }, { "date": "2026-08-07", "close": 75.889999, "volume": 75899244, "typical_volume": 53465101.25, "trend": 89.321122, "fair_value": 56.580049, "relative_strength": -0.115477, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -32.86851, "energy": 60.903911, "activity_lines": [ 70.944667, 80.991041, 88.582017, 89.750495 ] } ], "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." } } }