{ "ticker": { "uuid": "f77a432d-c4a9-49ea-80cc-bded75de674d", "symbol": "600228", "name": "Fanli Digital 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": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "up", "architecture_direction": 38.065, "architecture_energy": 22.583, "architecture_maturity": 71.128, "architecture_confidence": 93.078, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 38.68, "rotation_up": 28.2, "upward_expansion": 55.9, "deceleration": 88.21, "rotation_down": 36.03, "downward_expansion": 21.9 }, "activity_lines": [ 7.126667, 7.381091, 7.155857, 6.841183 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": 0.0 }, "latest_close": 7.94, "trend_reference": 6.448, "distance_from_trend": 0.23139, "trend_direction": "Improving", "fair_value": 6.072372, "distance_from_fair_value": 0.307562, "fair_value_direction": "Improving", "relative_strength": 31.035555, "relative_strength_direction": "Improving", "price_momentum": 0.38087, "excess_performance": 0.424073, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.23139, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.074488, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.307562, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.273161, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.310356, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.170658, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.38087, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.028193, "read": "Demand-led" } ], "volume": { "latest": 249875091, "relative_activity": 3.482506, "balance": 1.028193, "dry_up": 2.417435, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.165956, "annualized_volatility": 0.927344, "from_high_reference": -0.264133, "from_low_reference": 0.955665 }, "levels": { "trend_reference": 6.448, "fair_value_reference": 6.072372, "structural_low": 4.91, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 5, "median_return": -0.075949, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.107563, "regime_survival": 0.2, "best_return": 0.0674, "worst_return": -0.220155, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": -0.097649, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.119648, "regime_survival": 0.0, "best_return": 0.811554, "worst_return": -0.335659, "sufficient": false }, { "horizon": "Extended", "sample_count": 2, "median_return": 0.051147, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.00447, "regime_survival": 0.0, "best_return": 0.26685, "worst_return": -0.164557, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, "median_return": -0.097932, 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"2025-02-28", "end": "2025-03-14", "tenure": "New", "return": 0.244856, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-03-21", "end": "2025-04-11", "tenure": "New", "return": -0.188618, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-04-18", "end": "2025-07-04", "tenure": "Developing", "return": -0.028078, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-07-11", "end": "2025-09-12", "tenure": "Developing", "return": 0.071429, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2025-09-19", "end": "2025-10-03", "tenure": "New", "return": 0.023593, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2025-10-10", "end": "2026-01-23", "tenure": "Established", "return": 0.02925, "active": false }, { "regime": "balance", "label": 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"fair_value": 6.080897, "relative_strength": 32.760729, "stage": 1, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 31.728101, "energy": 27.161033, "activity_lines": [ 6.722, 7.269636, 7.037143, 6.739914 ] }, { "date": "2026-08-07", "close": 7.94, "volume": 249875091, "typical_volume": 71751516.2, "trend": 6.448, "fair_value": 6.072372, "relative_strength": 31.035555, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 38.065396, "energy": 22.583162, "activity_lines": [ 7.126667, 7.381091, 7.155857, 6.841183 ] } ], "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." } } }