{
  "ticker": {
    "uuid": "e8867beb-6075-4dc3-9d5f-822d301beade",
    "symbol": "688639",
    "name": "Anhui Huaheng Biotechnology 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": -65.617,
    "architecture_energy": 64.614,
    "architecture_maturity": 100.0,
    "architecture_confidence": 96,
    "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": 9.44,
        "rotation_up": 29.13,
        "upward_expansion": 12.0,
        "deceleration": 60.98,
        "rotation_down": 54.6,
        "downward_expansion": 85.33
      },
      "activity_lines": [
        16.701333,
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        19.903783,
        22.753647
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Improving",
      "price_acceptance": -0.666667
    },
    "latest_close": 17.49,
    "trend_reference": 26.779979,
    "distance_from_trend": -0.3469,
    "trend_direction": "Weakening",
    "fair_value": 42.906696,
    "distance_from_fair_value": -0.592371,
    "fair_value_direction": "Weakening",
    "relative_strength": -41.685011,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.516596,
    "excess_performance": -0.473392,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.3469,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.17067,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.592371,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.172654,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.41685,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.166789,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.516596,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.272069,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 27329631,
      "relative_activity": 1.28159,
      "balance": 0.272069,
      "dry_up": 1.466551,
      "accumulation_observations": 2,
      "distribution_observations": 7
    },
    "risk": {
      "range_context": 0.122882,
      "annualized_volatility": 0.580552,
      "from_high_reference": -0.596535,
      "from_low_reference": 0.204545
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    "levels": {
      "trend_reference": 26.779979,
      "fair_value_reference": 42.906696,
      "structural_low": 14.52,
      "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired."
    },
    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 18,
        "median_return": 0.027081,
        "positive_rate": 0.611111,
        "directional_follow_through": 0.388889,
        "median_excess_return": 0.003155,
        "regime_survival": 0.777778,
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        "worst_return": -0.343843,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 6,
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        "positive_rate": 0.666667,
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        "median_excess_return": 0.04055,
        "regime_survival": 0.333333,
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        "worst_return": -0.525008,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 3,
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        "positive_rate": 0.666667,
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        "regime_survival": 0.0,
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        "worst_return": -0.396431,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "worst_return": -0.229662,
        "sufficient": false
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      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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      {
        "regime": "balance",
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      {
        "regime": "downward_expansion",
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      {
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      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "regime": "upward_expansion",
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        "regime": "deceleration",
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      },
      {
        "date": "2026-07-24",
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      },
      {
        "date": "2026-07-31",
        "close": 17.0,
        "volume": 27414949,
        "typical_volume": 22022471.6,
        "trend": 27.276739,
        "fair_value": 43.19205,
        "relative_strength": -42.506651,
        "stage": 4,
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        "modifier": "Established contraction",
        "gate": "down",
        "direction": -67.883908,
        "energy": 67.230233,
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      },
      {
        "date": "2026-08-07",
        "close": 17.49,
        "volume": 27329631,
        "typical_volume": 21324789.05,
        "trend": 26.779979,
        "fair_value": 42.906696,
        "relative_strength": -41.685011,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
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      }
    ],
    "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."
    }
  }
}