{ "ticker": { "uuid": "eefdb592-3198-4cf1-a1cd-75c268bf702b", "symbol": "605050", "name": "Friend 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": -44.667, "architecture_energy": 35.874, "architecture_maturity": 88.836, "architecture_confidence": 88.452, "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": 26.83, "rotation_up": 27.85, "upward_expansion": 19.42, "deceleration": 47.0, "rotation_down": 32.49, "downward_expansion": 67.09 }, "activity_lines": [ 10.289333, 10.091381, 10.6376, 11.281545 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 10.57, "trend_reference": 12.05169, "distance_from_trend": -0.122945, "trend_direction": "Weakening", "fair_value": 11.282076, "distance_from_fair_value": -0.063116, "fair_value_direction": "Weakening", "relative_strength": -20.626414, "relative_strength_direction": "Weakening", "price_momentum": -0.218059, "excess_performance": -0.174855, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.122945, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.083691, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.063116, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.196851, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.206264, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.027759, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.218059, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.803922, "read": "Supply-led" } ], "volume": { "latest": 18661899, "relative_activity": 0.651306, "balance": 0.803922, "dry_up": 0.667898, "accumulation_observations": 0, "distribution_observations": 1 }, "risk": { "range_context": 0.06882, "annualized_volatility": 0.37951, "from_high_reference": -0.529257, "from_low_reference": 0.136559 }, "levels": { "trend_reference": 12.05169, "fair_value_reference": 11.282076, "structural_low": 9.3, "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": 22, "median_return": -0.015877, "positive_rate": 0.363636, "directional_follow_through": 0.636364, "median_excess_return": -0.007941, "regime_survival": 0.772727, "best_return": 0.219925, "worst_return": -0.157492, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": -0.004588, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.010646, "regime_survival": 0.5, "best_return": 0.487237, "worst_return": -0.223346, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.03916, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": -0.073909, "regime_survival": 0.4, "best_return": 0.334291, "worst_return": -0.251763, "sufficient": true }, { "horizon": 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"typical_volume": 31919039.65, "trend": 12.236215, "fair_value": 11.279196, "relative_strength": -22.476764, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -64.017508, "energy": 60.999523, "activity_lines": [ 9.960352, 10.000836, 10.869314, 11.512381 ] }, { "date": "2026-07-31", "close": 10.23, "volume": 14736110, "typical_volume": 31658260.15, "trend": 12.141735, "fair_value": 11.278581, "relative_strength": -21.98922, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.165951, "energy": 50.2163, "activity_lines": [ 10.098352, 10.00029, 10.731505, 11.382947 ] }, { "date": "2026-08-07", "close": 10.57, "volume": 18661899, "typical_volume": 28653040.1, "trend": 12.05169, "fair_value": 11.282076, "relative_strength": -20.626414, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.667124, "energy": 35.873562, "activity_lines": [ 10.289333, 10.091381, 10.6376, 11.281545 ] } ], "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." } } }