{
  "ticker": {
    "uuid": "f4b7441d-ec78-4766-bd77-8432e49ac0ba",
    "symbol": "605566",
    "name": "Hangzhou Flariant 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": "4a",
    "phase_label": "Stage 4A \u00b7 Breakdown",
    "transition": "stage_4_declining",
    "transition_label": "Stage 4 decline intact",
    "confidence": 95.436,
    "architecture_regime": "rotation_down",
    "architecture_regime_label": "Rotation Down",
    "architecture_modifier": "Supply rotation",
    "architecture_gate": "mixed",
    "architecture_direction": -29.33,
    "architecture_energy": 63.351,
    "architecture_maturity": 19.662,
    "architecture_confidence": 76.364,
    "architecture_tenure": "New",
    "architecture": {
      "interpretation": {
        "headline": "The Activity Line structure is rotating downward.",
        "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion."
      },
      "scores": {
        "balance": 24.19,
        "rotation_up": 14.11,
        "upward_expansion": 28.75,
        "deceleration": 49.29,
        "rotation_down": 73.9,
        "downward_expansion": 58.42
      },
      "activity_lines": [
        23.982972,
        28.554578,
        32.325238,
        32.282942
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.833333
    },
    "latest_close": 25.809999,
    "trend_reference": 32.092761,
    "distance_from_trend": -0.195769,
    "trend_direction": "Improving",
    "fair_value": 22.492848,
    "distance_from_fair_value": 0.147476,
    "fair_value_direction": "Weakening",
    "relative_strength": -14.344637,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.197201,
    "excess_performance": -0.153997,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.195769,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.032475,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.147476,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.466723,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.143446,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.328655,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.197201,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.765481,
        "read": "Demand-led"
      }
    ],
    "volume": {
      "latest": 19800857,
      "relative_activity": 0.949292,
      "balance": 2.765481,
      "dry_up": 1.027592,
      "accumulation_observations": 5,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.238901,
      "annualized_volatility": 0.681808,
      "from_high_reference": -0.508353,
      "from_low_reference": 0.285999
    },
    "levels": {
      "trend_reference": 32.092761,
      "fair_value_reference": 22.492848,
      "structural_low": 20.07,
      "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": 1,
        "median_return": 0.186789,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.144329,
        "regime_survival": 0.0,
        "best_return": 0.186789,
        "worst_return": 0.186789,
        "sufficient": false
      },
      {
        "horizon": "Intermediate",
        "sample_count": 1,
        "median_return": 0.43765,
        "positive_rate": 1.0,
        "directional_follow_through": 0.0,
        "median_excess_return": 0.408639,
        "regime_survival": 0.0,
        "best_return": 0.43765,
        "worst_return": 0.43765,
        "sufficient": false
      },
      {
        "horizon": "Extended",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 0,
        "median_return": null,
        "positive_rate": null,
        "directional_follow_through": null,
        "median_excess_return": null,
        "regime_survival": null,
        "best_return": null,
        "worst_return": null,
        "sufficient": false
      }
    ],
    "ledger": [
      {
        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-06-21",
        "end": "2024-10-04",
        "tenure": "Established",
        "return": 0.042948,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2024-10-11",
        "end": "2024-10-18",
        "tenure": "New",
        "return": -0.02454,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
        "start": "2024-10-25",
        "end": "2024-11-29",
        "tenure": "Developing",
        "return": 0.129412,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2024-12-06",
        "end": "2025-01-03",
        "tenure": "Developing",
        "return": -0.131293,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
        "start": "2025-01-10",
        "end": "2025-02-07",
        "tenure": "Developing",
        "return": 0.019786,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-02-14",
        "end": "2025-03-28",
        "tenure": "Developing",
        "return": -0.05625,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2025-04-04",
        "end": "2025-05-30",
        "tenure": "Developing",
        "return": 0.09654,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
        "start": "2025-06-06",
        "end": "2026-02-27",
        "tenure": "Extended",
        "return": 0.544525,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-03-06",
        "end": "2026-03-20",
        "tenure": "New",
        "return": -0.049238,
        "active": false
      },
      {
        "regime": "rotation_down",
        "label": "Rotation Down",
        "color": "orange",
        "start": "2026-03-27",
        "end": "2026-04-10",
        "tenure": "New",
        "return": 0.129908,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
        "start": "2026-04-17",
        "end": "2026-05-01",
        "tenure": "New",
        "return": 0.036547,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2026-07-10",
        "tenure": "Developing",
        "return": -0.174357,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "end": "2026-07-24",
        "tenure": "New",
        "return": -0.084388,
        "active": false
      },
      {
        "regime": "rotation_down",
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        "tenure": "New",
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        "active": true
      }
    ],
    "chart_path": [
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        "date": "2026-04-17",
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        "date": "2026-06-05",
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      },
      {
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "fair_value": 22.49971,
        "relative_strength": -6.166274,
        "stage": 3,
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        "modifier": "Established expansion",
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      },
      {
        "date": "2026-07-17",
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        "volume": 18859700,
        "typical_volume": 19167515.3,
        "trend": 32.821427,
        "fair_value": 22.506103,
        "relative_strength": -17.78721,
        "stage": 3,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -29.097717,
        "energy": 37.842507,
        "activity_lines": [
          30.455078,
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      },
      {
        "date": "2026-07-24",
        "close": 21.700001,
        "volume": 24776710,
        "typical_volume": 19796349.75,
        "trend": 32.604427,
        "fair_value": 22.496132,
        "relative_strength": -25.695654,
        "stage": 4,
        "regime": "deceleration",
        "modifier": "Recompressing",
        "gate": "mixed",
        "direction": -41.483934,
        "energy": 49.16077,
        "activity_lines": [
          26.132421,
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        ]
      },
      {
        "date": "2026-07-31",
        "close": 22.379999,
        "volume": 22299005,
        "typical_volume": 20455690.0,
        "trend": 32.282094,
        "fair_value": 22.485205,
        "relative_strength": -23.657837,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -35.833118,
        "energy": 66.001073,
        "activity_lines": [
          23.926164,
          30.112993,
          33.017442,
          32.700497
        ]
      },
      {
        "date": "2026-08-07",
        "close": 25.809999,
        "volume": 19800857,
        "typical_volume": 20858544.2,
        "trend": 32.092761,
        "fair_value": 22.492848,
        "relative_strength": -14.344637,
        "stage": 4,
        "regime": "rotation_down",
        "modifier": "Supply rotation",
        "gate": "mixed",
        "direction": -29.329781,
        "energy": 63.350535,
        "activity_lines": [
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          32.325238,
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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."
    }
  }
}