{
  "ticker": {
    "uuid": "f1878937-121d-451d-aa1c-5799b3213283",
    "symbol": "688159",
    "name": "Shenzhen Neoway Technology 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": "Early contraction",
    "architecture_gate": "down",
    "architecture_direction": -65.475,
    "architecture_energy": 76.763,
    "architecture_maturity": 28.0,
    "architecture_confidence": 82.899,
    "architecture_tenure": "New",
    "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": 11.31,
        "rotation_up": 8.97,
        "upward_expansion": 17.74,
        "deceleration": 37.18,
        "rotation_down": 76.96,
        "downward_expansion": 93.4
      },
      "activity_lines": [
        32.022667,
        35.539636,
        40.874666,
        42.628624
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 33.73,
    "trend_reference": 45.406333,
    "distance_from_trend": -0.257152,
    "trend_direction": "Weakening",
    "fair_value": 43.443809,
    "distance_from_fair_value": -0.223595,
    "fair_value_direction": "Weakening",
    "relative_strength": -34.106509,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.430044,
    "excess_performance": -0.38684,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.257152,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.083126,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.223595,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.428208,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.341065,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.169781,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.430044,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.863191,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 17133635,
      "relative_activity": 0.841318,
      "balance": 0.863191,
      "dry_up": 0.902522,
      "accumulation_observations": 1,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.209628,
      "annualized_volatility": 0.735273,
      "from_high_reference": -0.602943,
      "from_low_reference": 0.263769
    },
    "levels": {
      "trend_reference": 45.406333,
      "fair_value_reference": 43.443809,
      "structural_low": 26.690001,
      "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": 21,
        "median_return": 0.013151,
        "positive_rate": 0.52381,
        "directional_follow_through": 0.47619,
        "median_excess_return": 0.03166,
        "regime_survival": 0.761905,
        "best_return": 0.333739,
        "worst_return": -0.254743,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 8,
        "median_return": 0.040926,
        "positive_rate": 0.625,
        "directional_follow_through": 0.375,
        "median_excess_return": 0.067922,
        "regime_survival": 0.375,
        "best_return": 0.500344,
        "worst_return": -0.354329,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 5,
        "median_return": -0.111785,
        "positive_rate": 0.2,
        "directional_follow_through": 0.8,
        "median_excess_return": -0.147567,
        "regime_survival": 0.4,
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        "worst_return": -0.172511,
        "sufficient": true
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "regime_survival": 0.333333,
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        "worst_return": -0.311568,
        "sufficient": false
      }
    ],
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        "regime": "upward_expansion",
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        "color": "green",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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      },
      {
        "regime": "downward_expansion",
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        "color": "red",
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        "tenure": "Established",
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      },
      {
        "regime": "balance",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
        "return": -0.118656,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-05-09",
        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "tenure": "Developing",
        "return": -0.156642,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "tenure": "Developing",
        "return": 0.220863,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "active": false
      },
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        "regime": "downward_expansion",
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        "active": false
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      {
        "regime": "rotation_up",
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        "regime": "balance",
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      {
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      },
      {
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        "stage": 4,
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        "direction": -80.425717,
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      },
      {
        "date": "2026-07-24",
        "close": 29.889999,
        "volume": 20531701,
        "typical_volume": 20132567.7,
        "trend": 46.524667,
        "fair_value": 43.527719,
        "relative_strength": -41.059722,
        "stage": 4,
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        "modifier": "Early contraction",
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        "direction": -78.312521,
        "energy": 79.457571,
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      },
      {
        "date": "2026-07-31",
        "close": 30.24,
        "volume": 16568474,
        "typical_volume": 20466268.0,
        "trend": 45.893333,
        "fair_value": 43.46434,
        "relative_strength": -39.963342,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -73.925087,
        "energy": 81.477694,
        "activity_lines": [
          32.215333,
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      },
      {
        "date": "2026-08-07",
        "close": 33.73,
        "volume": 17133635,
        "typical_volume": 20365222.7,
        "trend": 45.406333,
        "fair_value": 43.443809,
        "relative_strength": -34.106509,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.475496,
        "energy": 76.762531,
        "activity_lines": [
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      }
    ],
    "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."
    }
  }
}