{ "ticker": { "uuid": "f1311171-b684-49ff-b00a-237beb49b63e", "symbol": "600882", "name": "Shanghai Milkground Food Tech 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": 1, "stage_name": "Basing", "phase": "1b", "phase_label": "Stage 1B \u00b7 Basing", "transition": "stage_1_building", "transition_label": "Base still building", "confidence": 76.038, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 28.992, "architecture_energy": 40.066, "architecture_maturity": 9.499, "architecture_confidence": 82.974, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 33.23, "rotation_up": 69.48, "upward_expansion": 45.21, "deceleration": 29.0, "rotation_down": 16.79, "downward_expansion": 20.21 }, "activity_lines": [ 21.854001, 20.377091, 19.701095, 19.810366 ], "activity_state": "Moderate", "activity_direction": "Stable", "rotation_direction": "Improving", "price_acceptance": 0.5 }, "latest_close": 22.360001, "trend_reference": 20.443667, "distance_from_trend": 0.093737, "trend_direction": "Weakening", "fair_value": 19.768269, "distance_from_fair_value": 0.131106, "fair_value_direction": "Improving", "relative_strength": -1.660722, "relative_strength_direction": "Improving", "price_momentum": -0.020587, "excess_performance": 0.022617, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.093737, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.09953, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.131106, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.108944, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.016607, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.243286, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.020587, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.395256, "read": "Demand-led" } ], "volume": { "latest": 46549599, "relative_activity": 1.15956, "balance": 1.395256, "dry_up": 1.781, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.096429, "annualized_volatility": 0.47444, "from_high_reference": -0.252424, "from_low_reference": 0.393147 }, "levels": { "trend_reference": 20.443667, "fair_value_reference": 19.768269, "structural_low": 16.049999, "invalidation": "A renewed decline below the structural range low, widening the discount to current Fair Value while Trend falls, weakens the base diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 6, "median_return": -0.141617, "positive_rate": 0.166667, "directional_follow_through": 0.166667, "median_excess_return": -0.152886, "regime_survival": 0.166667, "best_return": 0.056654, "worst_return": -0.194444, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.34831, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.286673, "regime_survival": 0.0, "best_return": 0.222003, "worst_return": -0.402333, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.29765, "positive_rate": 0.2, "directional_follow_through": 0.2, "median_excess_return": -0.229756, "regime_survival": 0.0, "best_return": 0.620553, "worst_return": -0.476309, "sufficient": true }, { "horizon": "Full 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"trend": 20.666333, "fair_value": 19.75109, "relative_strength": -8.275812, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -14.628151, "energy": 18.127823, "activity_lines": [ 19.782, 19.012, 19.037047, 19.540215 ] }, { "date": "2026-07-31", "close": 23.030001, "volume": 87397674, "typical_volume": 38879487.05, "trend": 20.536333, "fair_value": 19.760769, "relative_strength": 3.51938, "stage": 1, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "mixed", "direction": 36.285751, "energy": 38.668302, "activity_lines": [ 21.156667, 19.798909, 19.406476, 19.69271 ] }, { "date": "2026-08-07", "close": 22.360001, "volume": 46549599, "typical_volume": 40144207.85, "trend": 20.443667, "fair_value": 19.768269, "relative_strength": -1.660722, "stage": 1, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 28.992321, "energy": 40.06571, "activity_lines": [ 21.854001, 20.377091, 19.701095, 19.810366 ] } ], "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." } } }