{
  "ticker": {
    "uuid": "f549b28f-83ac-43cd-ada9-b1be706cb958",
    "symbol": "688080",
    "name": "Beijing InHand Networks 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": "Established contraction",
    "architecture_gate": "down",
    "architecture_direction": -65.694,
    "architecture_energy": 80.445,
    "architecture_maturity": 43.755,
    "architecture_confidence": 94.835,
    "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": 7.53,
        "rotation_up": 17.01,
        "upward_expansion": 19.52,
        "deceleration": 38.8,
        "rotation_down": 67.35,
        "downward_expansion": 92.85
      },
      "activity_lines": [
        34.741334,
        36.357631,
        39.636626,
        43.230128
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 36.330002,
    "trend_reference": 48.242793,
    "distance_from_trend": -0.246934,
    "trend_direction": "Weakening",
    "fair_value": 41.219802,
    "distance_from_fair_value": -0.118627,
    "fair_value_direction": "Weakening",
    "relative_strength": -26.601943,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.391457,
    "excess_performance": -0.348253,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.246934,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.07746,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": false,
        "value": -0.118627,
        "read": "Below anchor"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.215746,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.266019,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.077834,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.391457,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.704812,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 6795295,
      "relative_activity": 0.998195,
      "balance": 0.704812,
      "dry_up": 0.903317,
      "accumulation_observations": 1,
      "distribution_observations": 4
    },
    "risk": {
      "range_context": 0.10174,
      "annualized_volatility": 0.497429,
      "from_high_reference": -0.474468,
      "from_low_reference": 0.190367
    },
    "levels": {
      "trend_reference": 48.242793,
      "fair_value_reference": 41.219802,
      "structural_low": 30.52,
      "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": 17,
        "median_return": 0.027993,
        "positive_rate": 0.647059,
        "directional_follow_through": 0.352941,
        "median_excess_return": 0.036751,
        "regime_survival": 0.705882,
        "best_return": 0.298477,
        "worst_return": -0.190638,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
        "median_return": 0.119728,
        "positive_rate": 0.714286,
        "directional_follow_through": 0.285714,
        "median_excess_return": 0.071989,
        "regime_survival": 0.428571,
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        "worst_return": -0.23584,
        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.180453,
        "positive_rate": 0.75,
        "directional_follow_through": 0.25,
        "median_excess_return": 0.117327,
        "regime_survival": 0.25,
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        "worst_return": -0.087988,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 3,
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        "positive_rate": 0.666667,
        "directional_follow_through": 0.333333,
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        "best_return": 0.808681,
        "worst_return": -0.191467,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
        "label": "Downward Expansion",
        "color": "red",
        "start": "2024-06-14",
        "end": "2024-10-18",
        "tenure": "Established",
        "return": 0.024,
        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
        "color": "teal",
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        "end": "2024-11-29",
        "tenure": "Developing",
        "return": 0.030445,
        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "end": "2025-01-03",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
      },
      {
        "regime": "upward_expansion",
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        "return": -0.193,
        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "return": 0.268796,
        "active": false
      },
      {
        "regime": "upward_expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "end": "2025-11-21",
        "tenure": "Developing",
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        "active": false
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      {
        "regime": "rotation_down",
        "label": "Rotation Down",
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        "end": "2025-12-26",
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        "return": 0.04459,
        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
        "color": "blue",
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        "tenure": "New",
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      },
      {
        "regime": "upward_expansion",
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      {
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      {
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      {
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      },
      {
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      },
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        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-17",
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        "relative_strength": -27.877074,
        "stage": 4,
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        "modifier": "Established contraction",
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      },
      {
        "date": "2026-07-24",
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        "typical_volume": 7452040.1,
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        "fair_value": 41.314935,
        "relative_strength": -34.116376,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -86.93198,
        "energy": 91.028943,
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      },
      {
        "date": "2026-07-31",
        "close": 33.970001,
        "volume": 4610377,
        "typical_volume": 6844973.65,
        "trend": 48.715126,
        "fair_value": 41.252089,
        "relative_strength": -29.846277,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -71.998944,
        "energy": 87.179843,
        "activity_lines": [
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      },
      {
        "date": "2026-08-07",
        "close": 36.330002,
        "volume": 6795295,
        "typical_volume": 6807580.75,
        "trend": 48.242793,
        "fair_value": 41.219802,
        "relative_strength": -26.601943,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -65.694342,
        "energy": 80.445041,
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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."
    }
  }
}