{ "ticker": { "uuid": "ead40708-acf0-4eef-a350-5424a1adf287", "symbol": "600986", "name": "Zhewen Interactive Group 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": "Early contraction", "architecture_gate": "down", "architecture_direction": -51.768, "architecture_energy": 47.115, "architecture_maturity": 53.547, "architecture_confidence": 71.733, "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": 18.37, "rotation_up": 26.83, "upward_expansion": 19.9, "deceleration": 62.31, "rotation_down": 46.92, "downward_expansion": 72.23 }, "activity_lines": [ 7.394, 7.275455, 8.07181, 8.776258 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 8.06, "trend_reference": 9.686667, "distance_from_trend": -0.167928, "trend_direction": "Weakening", "fair_value": 7.107927, "distance_from_fair_value": 0.133945, "fair_value_direction": "Weakening", "relative_strength": -12.094255, "relative_strength_direction": "Weakening", "price_momentum": -0.385202, "excess_performance": -0.341998, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.167928, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.038385, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.133945, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.436377, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.120943, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.199809, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.385202, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.001059, "read": "Demand-led" } ], "volume": { "latest": 762012984, "relative_activity": 1.668742, "balance": 1.001059, "dry_up": 1.140819, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.108036, "annualized_volatility": 0.640223, "from_high_reference": -0.510922, "from_low_reference": 0.291667 }, "levels": { "trend_reference": 9.686667, "fair_value_reference": 7.107927, "structural_low": 6.24, "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": 16, "median_return": 0.025717, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": 0.008951, "regime_survival": 0.6875, "best_return": 0.230924, "worst_return": -0.244698, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.021908, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.049823, "regime_survival": 0.0, "best_return": 0.784843, "worst_return": -0.147351, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.059955, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.031131, "regime_survival": 0.5, "best_return": 1.509022, "worst_return": -0.326264, "sufficient": false }, { "horizon": "Full cycle", 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9.604624 ] }, { "date": "2026-07-10", "close": 7.0, "volume": 344081482, "typical_volume": 463434784.95, "trend": 9.764333, "fair_value": 7.081051, "relative_strength": -26.129589, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -71.199992, "energy": 82.538447, "activity_lines": [ 7.158667, 7.774727, 8.817952, 9.422624 ] }, { "date": "2026-07-17", "close": 6.4, "volume": 430806623, "typical_volume": 448361470.25, "trend": 9.697, "fair_value": 7.081337, "relative_strength": -27.836399, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -77.5591, "energy": 85.549166, "activity_lines": [ 6.845333, 7.398364, 8.521333, 9.20557 ] }, { "date": "2026-07-24", "close": 6.51, "volume": 395400687, "typical_volume": 437458617.3, "trend": 9.668667, "fair_value": 7.08411, "relative_strength": -27.140646, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -72.014407, "energy": 85.310323, "activity_lines": [ 6.66, 7.125818, 8.262714, 8.999957 ] }, { "date": "2026-07-31", "close": 7.82, "volume": 495550824, "typical_volume": 438488117.6, "trend": 9.678667, "fair_value": 7.094517, "relative_strength": -12.610925, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.216851, "energy": 64.678617, "activity_lines": [ 7.012, 7.164182, 8.149857, 8.880688 ] }, { "date": "2026-08-07", "close": 8.06, "volume": 762012984, "typical_volume": 456639247.1, "trend": 9.686667, "fair_value": 7.107927, "relative_strength": -12.094255, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -51.768448, "energy": 47.114924, "activity_lines": [ 7.394, 7.275455, 8.07181, 8.776258 ] } ], "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." } } }