{ "ticker": { "uuid": "f746fb97-583e-4684-8cc1-c8791ad777d7", "symbol": "600171", "name": "Shanghai Belling 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": -65.237, "architecture_energy": 81.396, "architecture_maturity": 22.454, "architecture_confidence": 84.16, "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": 23.0, "rotation_up": 8.18, "upward_expansion": 19.23, "deceleration": 37.01, "rotation_down": 76.7, "downward_expansion": 92.57 }, "activity_lines": [ 23.430667, 25.117445, 26.519368, 27.31061 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 23.48, "trend_reference": 28.657954, "distance_from_trend": -0.180681, "trend_direction": "Weakening", "fair_value": 26.578649, "distance_from_fair_value": -0.116584, "fair_value_direction": "Weakening", "relative_strength": -23.826603, "relative_strength_direction": "Weakening", "price_momentum": -0.285236, "excess_performance": -0.242032, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.180681, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.064438, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.116584, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.26187, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.238266, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.063366, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.285236, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.534169, "read": "Supply-led" } ], "volume": { "latest": 76319240, "relative_activity": 1.059234, "balance": 0.534169, "dry_up": 1.179857, "accumulation_observations": 2, "distribution_observations": 5 }, "risk": { "range_context": 0.097266, "annualized_volatility": 0.380164, "from_high_reference": -0.413, "from_low_reference": 0.069704 }, "levels": { "trend_reference": 28.657954, "fair_value_reference": 26.578649, "structural_low": 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140409146, "typical_volume": 67249356.1, "trend": 29.773621, "fair_value": 26.445323, "relative_strength": -12.68381, "stage": 4, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -22.409534, "energy": 13.376535, "activity_lines": [ 28.586991, 28.429224, 28.410342, 28.938168 ] }, { "date": "2026-07-17", "close": 23.27, "volume": 113859262, "typical_volume": 70866619.6, "trend": 29.488287, "fair_value": 26.478717, "relative_strength": -23.092978, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.834321, "energy": 40.798078, "activity_lines": [ 26.923334, 27.466123, 27.904539, 28.518579 ] }, { "date": "2026-07-24", "close": 22.4, "volume": 85000139, "typical_volume": 72118312.2, "trend": 29.208287, "fair_value": 26.507613, "relative_strength": -26.276296, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -81.662013, "energy": 77.67748, "activity_lines": [ 25.165334, 26.460112, 27.355165, 28.061271 ] }, { "date": "2026-07-31", "close": 23.01, "volume": 64862402, "typical_volume": 70820214.05, "trend": 28.916954, "fair_value": 26.538135, "relative_strength": -23.942357, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -73.19884, "energy": 81.999899, "activity_lines": [ 23.99, 25.687772, 26.897743, 27.661381 ] }, { "date": "2026-08-07", "close": 23.48, "volume": 76319240, "typical_volume": 72051334.2, "trend": 28.657954, "fair_value": 26.578649, "relative_strength": -23.826603, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -65.237263, "energy": 81.395652, "activity_lines": [ 23.430667, 25.117445, 26.519368, 27.31061 ] } ], "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." } } }