{ "ticker": { "uuid": "eafec0b4-bb4e-409a-80e9-926c393be4aa", "symbol": "688117", "name": "ChengDu ShengNuo Biotec 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": -40.826, "architecture_energy": 34.051, "architecture_maturity": 70.208, "architecture_confidence": 73.965, "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": 36.28, "rotation_up": 21.8, "upward_expansion": 14.43, "deceleration": 59.94, "rotation_down": 52.13, "downward_expansion": 68.76 }, "activity_lines": [ 24.671333, 25.175818, 25.175305, 26.90608 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Stable", "price_acceptance": -0.166667 }, "latest_close": 26.76, "trend_reference": 30.203643, "distance_from_trend": -0.114014, "trend_direction": "Weakening", "fair_value": 25.212752, "distance_from_fair_value": 0.061368, "fair_value_direction": "Improving", "relative_strength": -21.988513, "relative_strength_direction": "Improving", "price_momentum": -0.313494, "excess_performance": -0.27029, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.114014, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.141529, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.061368, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.013683, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.219885, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.128637, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.313494, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.53592, "read": "Supply-led" } ], "volume": { "latest": 35613956, "relative_activity": 1.413654, "balance": 0.53592, "dry_up": 1.901753, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.121159, "annualized_volatility": 0.681039, "from_high_reference": -0.441694, "from_low_reference": 0.244651 }, "levels": { "trend_reference": 30.203643, "fair_value_reference": 25.212752, "structural_low": 21.5, "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": 12, "median_return": 0.057803, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.043495, "regime_survival": 0.666667, "best_return": 0.305555, "worst_return": -0.329132, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.202697, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.112184, "regime_survival": 0.2, "best_return": 0.94188, "worst_return": -0.372638, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.415495, "positive_rate": 0.75, "directional_follow_through": 0.25, "median_excess_return": 0.340254, "regime_survival": 0.25, "best_return": 1.397974, "worst_return": -0.134089, "sufficient": false }, { "horizon": "Full cycle", 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26.832, 25.76308, 26.020771, 28.321236 ] }, { "date": "2026-07-24", "close": 22.059999, "volume": 53429966, "typical_volume": 22579813.55, "trend": 31.17531, "fair_value": 25.135714, "relative_strength": -34.947195, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -54.769333, "energy": 28.728315, "activity_lines": [ 25.418666, 25.186321, 25.493108, 27.694249 ] }, { "date": "2026-07-31", "close": 22.77, "volume": 34290205, "typical_volume": 23832839.15, "trend": 30.57131, "fair_value": 25.155424, "relative_strength": -32.374454, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.611251, "energy": 42.179805, "activity_lines": [ 24.352666, 24.795826, 25.108968, 27.151971 ] }, { "date": "2026-08-07", "close": 26.76, "volume": 35613956, "typical_volume": 25192836.8, "trend": 30.203643, "fair_value": 25.212752, "relative_strength": -21.988513, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.825825, "energy": 34.051146, "activity_lines": [ 24.671333, 25.175818, 25.175305, 26.90608 ] } ], "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." } } }