{ "ticker": { "uuid": "ed0d897c-57de-4f36-a8eb-55afeed85df3", "symbol": "600987", "name": "Zhejiang Hangmin 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": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 84.82, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -29.817, "architecture_energy": 24.265, "architecture_maturity": 76.059, "architecture_confidence": 64.988, "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": 42.66, "rotation_up": 32.77, "upward_expansion": 19.52, "deceleration": 46.87, "rotation_down": 19.42, "downward_expansion": 53.52 }, "activity_lines": [ 6.604, 6.505273, 6.558843, 6.735319 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 6.67, "trend_reference": 6.935197, "distance_from_trend": -0.038239, "trend_direction": "Weakening", "fair_value": 6.763228, "distance_from_fair_value": -0.013785, "fair_value_direction": "Weakening", "relative_strength": -3.150367, "relative_strength_direction": "Improving", "price_momentum": -0.092656, "excess_performance": -0.049452, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.038239, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.018951, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.013785, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.019776, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.031504, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.077834, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.092656, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.499888, "read": "Supply-led" } ], "volume": { "latest": 37698236, "relative_activity": 1.183006, "balance": 0.499888, "dry_up": 1.017514, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.041611, "annualized_volatility": 0.256856, "from_high_reference": -0.216851, "from_low_reference": 0.098847 }, "levels": { "trend_reference": 6.935197, "fair_value_reference": 6.763228, "structural_low": 6.07, "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": 18, "median_return": 0.050999, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": 0.032094, "regime_survival": 0.611111, "best_return": 0.214381, "worst_return": -0.069767, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.086773, "positive_rate": 0.875, "directional_follow_through": 0.125, "median_excess_return": 0.06107, "regime_survival": 0.125, "best_return": 0.152117, "worst_return": -0.131646, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.040314, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.076608, "regime_survival": 0.5, "best_return": 0.491312, "worst_return": -0.056878, "sufficient": true }, { "horizon": "Full cycle", 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"downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -43.179973, "energy": 31.232312, "activity_lines": [ 6.454667, 6.417636, 6.569033, 6.768331 ] }, { "date": "2026-07-31", "close": 6.69, "volume": 24835616, "typical_volume": 32281827.4, "trend": 6.934137, "fair_value": 6.766031, "relative_strength": -0.366962, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -36.520995, "energy": 23.509238, "activity_lines": [ 6.553333, 6.463636, 6.562491, 6.75236 ] }, { "date": "2026-08-07", "close": 6.67, "volume": 37698236, "typical_volume": 31866475.8, "trend": 6.935197, "fair_value": 6.763228, "relative_strength": -3.150367, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -29.817351, "energy": 24.265483, "activity_lines": [ 6.604, 6.505273, 6.558843, 6.735319 ] } ], "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." } } }