{ "ticker": { "uuid": "eb14d1be-d6c8-4c66-b708-102e6274d2d0", "symbol": "689009", "name": "Ninebot Limited", "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": -30.264, "architecture_energy": 20.968, "architecture_maturity": 100.0, "architecture_confidence": 80.602, "architecture_tenure": "Extended", "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": 41.72, "rotation_up": 33.83, "upward_expansion": 20.9, "deceleration": 44.15, "rotation_down": 24.98, "downward_expansion": 57.23 }, "activity_lines": [ 39.79455, 38.623115, 39.04094, 41.012137 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 40.09, "trend_reference": 44.288621, "distance_from_trend": -0.094801, "trend_direction": "Weakening", "fair_value": 45.53553, "distance_from_fair_value": -0.119589, "fair_value_direction": "Weakening", "relative_strength": -22.473315, "relative_strength_direction": "Improving", "price_momentum": -0.225464, "excess_performance": -0.18226, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.094801, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.130994, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.119589, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.07201, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.224733, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.093496, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.225464, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.437441, "read": "Supply-led" } ], "volume": { "latest": 56650575, "relative_activity": 1.094549, "balance": 0.437441, "dry_up": 1.41373, "accumulation_observations": 2, "distribution_observations": 6 }, "risk": { "range_context": 0.09114, "annualized_volatility": 0.356761, "from_high_reference": -0.475676, "from_low_reference": 0.183643 }, "levels": { "trend_reference": 44.288621, "fair_value_reference": 45.53553, 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"relative_strength": -24.272085, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -48.24063, "energy": 40.883185, "activity_lines": [ 37.514233, 37.23045, 39.38351, 42.040666 ] }, { "date": "2026-07-24", "close": 37.069984, "volume": 84618591, "typical_volume": 49277460.45, "trend": 45.269808, "fair_value": 45.43022, "relative_strength": -27.153952, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.032925, "energy": 37.0906, "activity_lines": [ 37.546612, 37.121279, 38.941679, 41.467021 ] }, { "date": "2026-07-31", "close": 42.934383, "volume": 78883964, "typical_volume": 50927670.35, "trend": 44.805287, "fair_value": 45.490782, "relative_strength": -15.404061, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -24.405934, "energy": 16.915233, "activity_lines": [ 39.325124, 38.160362, 39.111362, 41.316349 ] }, { "date": "2026-08-07", "close": 40.09, "volume": 56650575, "typical_volume": 51756981.75, "trend": 44.288621, "fair_value": 45.53553, "relative_strength": -22.473315, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -30.263751, "energy": 20.968397, "activity_lines": [ 39.79455, 38.623115, 39.04094, 41.012137 ] } ], "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." } } }