{ "ticker": { "uuid": "ea5b9a81-473e-48e1-bcce-287ae3fceb9f", "symbol": "603533", "name": "IReader Technology 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": 65.218, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -37.488, "architecture_energy": 25.997, "architecture_maturity": 56.392, "architecture_confidence": 75.565, "architecture_tenure": "Developing", "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": 26.5, "rotation_up": 28.63, "upward_expansion": 17.86, "deceleration": 43.92, "rotation_down": 37.31, "downward_expansion": 67.86 }, "activity_lines": [ 20.972, 20.379091, 21.662286, 22.810301 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 23.33, "trend_reference": 24.211667, "distance_from_trend": -0.036415, "trend_direction": "Weakening", "fair_value": 20.945513, "distance_from_fair_value": 0.113842, "fair_value_direction": "Weakening", "relative_strength": 4.344419, "relative_strength_direction": "Weakening", "price_momentum": -0.055466, "excess_performance": -0.012262, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.036415, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.003293, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.113842, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.124424, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.043444, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.046921, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.055466, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.661182, "read": "Demand-led" } ], "volume": { "latest": 183926486, "relative_activity": 2.029946, "balance": 1.661182, "dry_up": 1.60863, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.113159, "annualized_volatility": 0.899417, "from_high_reference": -0.379851, "from_low_reference": 0.324063 }, "levels": { "trend_reference": 24.211667, "fair_value_reference": 20.945513, "structural_low": 17.620001, "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": 26, "median_return": 0.028767, "positive_rate": 0.538462, "directional_follow_through": 0.461538, "median_excess_return": 0.015275, "regime_survival": 0.730769, "best_return": 0.605226, "worst_return": -0.229178, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 10, "median_return": 0.048809, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.017202, "regime_survival": 0.3, "best_return": 0.194402, "worst_return": -0.238962, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.069967, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.02761, "regime_survival": 0.0, "best_return": 0.821321, "worst_return": -0.217839, "sufficient": true }, { "horizon": "Full 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"2026-07-24", "close": 17.92, "volume": 146459967, "typical_volume": 85568964.5, "trend": 24.071, "fair_value": 20.981006, "relative_strength": -17.197808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.407269, "energy": 78.87892, "activity_lines": [ 18.514667, 19.607091, 21.68981, 22.981419 ] }, { "date": "2026-07-31", "close": 22.26, "volume": 143108477, "typical_volume": 86919383.0, "trend": 24.171333, "fair_value": 20.954544, "relative_strength": 2.401536, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.472712, "energy": 47.03069, "activity_lines": [ 19.64, 19.87, 21.617572, 22.864581 ] }, { "date": "2026-08-07", "close": 23.33, "volume": 183926486, "typical_volume": 90606592.35, "trend": 24.211667, "fair_value": 20.945513, "relative_strength": 4.344419, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.488192, "energy": 25.997018, "activity_lines": [ 20.972, 20.379091, 21.662286, 22.810301 ] } ], "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." } } }