{ "ticker": { "uuid": "eff607e3-0877-474e-ac50-49c9fe316d5b", "symbol": "002940", "name": "Zhejiang AngLiKang Pharmaceutical CO.,LTD.", "exchange": "SHZ", "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": "399001.SZ", "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": -59.666, "architecture_energy": 54.766, "architecture_maturity": 27.654, "architecture_confidence": 93.735, "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": 17.89, "rotation_up": 15.42, "upward_expansion": 10.66, "deceleration": 41.82, "rotation_down": 61.14, "downward_expansion": 84.0 }, "activity_lines": [ 25.422666, 26.303827, 29.468155, 30.566934 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 26.379999, "trend_reference": 31.809238, "distance_from_trend": -0.170681, "trend_direction": "Weakening", "fair_value": 23.672787, "distance_from_fair_value": 0.11436, "fair_value_direction": "Weakening", "relative_strength": -29.265193, "relative_strength_direction": "Weakening", "price_momentum": -0.178193, "excess_performance": -0.185593, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.170681, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.095752, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.11436, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.283019, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.292652, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.006241, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.178193, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.622381, "read": "Supply-led" } ], "volume": { "latest": 57935058, "relative_activity": 0.768232, "balance": 0.622381, "dry_up": 0.922069, "accumulation_observations": 1, "distribution_observations": 5 }, "risk": { "range_context": 0.184756, "annualized_volatility": 0.789111, "from_high_reference": -0.591651, "from_low_reference": 0.141497 }, "levels": { "trend_reference": 31.809238, "fair_value_reference": 23.672787, "structural_low": 23.110001, "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": -0.004171, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.000853, "regime_survival": 0.727273, "best_return": 0.198196, "worst_return": -0.151934, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.01129, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": 0.058729, "regime_survival": 0.444444, "best_return": 0.184779, "worst_return": -0.126611, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.108458, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": -0.000625, "regime_survival": 0.333333, "best_return": 0.282486, "worst_return": -0.21333, "sufficient": 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"direction": -61.021071, "energy": 54.823346, "activity_lines": [ 27.465334, 29.004162, 31.50821, 32.032786 ] }, { "date": "2026-07-24", "close": 23.65, "volume": 78778749, "typical_volume": 71687541.4, "trend": 32.363238, "fair_value": 23.600563, "relative_strength": -37.447659, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -70.858267, "energy": 54.120176, "activity_lines": [ 26.156667, 27.561995, 30.687366, 31.45019 ] }, { "date": "2026-07-31", "close": 24.34, "volume": 48366014, "typical_volume": 73301121.55, "trend": 32.047238, "fair_value": 23.627496, "relative_strength": -33.124625, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.475708, "energy": 62.427188, "activity_lines": [ 25.392667, 26.597148, 29.965951, 30.932562 ] }, { "date": "2026-08-07", "close": 26.379999, "volume": 57935058, "typical_volume": 75413535.5, "trend": 31.809238, "fair_value": 23.672787, "relative_strength": -29.265193, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.665934, "energy": 54.766209, "activity_lines": [ 25.422666, 26.303827, 29.468155, 30.566934 ] } ], "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." } } }