{
  "ticker": {
    "uuid": "f8838f54-9dd1-4d5f-ae4c-50b92b773eb6",
    "symbol": "003017",
    "name": "Zhe Jiang Dayang Biotech Group Co., Ltd.",
    "exchange": "SHZ",
    "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": "399001.SZ",
    "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": -60.192,
    "architecture_energy": 50.142,
    "architecture_maturity": 27.654,
    "architecture_confidence": 87.656,
    "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": 13.12,
        "rotation_up": 16.7,
        "upward_expansion": 7.72,
        "deceleration": 46.77,
        "rotation_down": 60.99,
        "downward_expansion": 81.05
      },
      "activity_lines": [
        20.918,
        21.364301,
        22.54285,
        23.461371
      ],
      "activity_state": "Wide",
      "activity_direction": "Expanding",
      "rotation_direction": "Weakening",
      "price_acceptance": -0.666667
    },
    "latest_close": 21.610001,
    "trend_reference": 24.575584,
    "distance_from_trend": -0.120672,
    "trend_direction": "Weakening",
    "fair_value": 19.282937,
    "distance_from_fair_value": 0.12068,
    "fair_value_direction": "Weakening",
    "relative_strength": -17.707377,
    "relative_strength_direction": "Weakening",
    "price_momentum": -0.190233,
    "excess_performance": -0.197632,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": false,
        "value": -0.120672,
        "read": "Below"
      },
      {
        "label": "Trend direction",
        "positive": false,
        "value": -0.047068,
        "read": "Falling"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.12068,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": false,
        "value": -0.272423,
        "read": "Moving away"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": false,
        "value": -0.177074,
        "read": "Lagging"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.034105,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": false,
        "value": -0.190233,
        "read": "Negative"
      },
      {
        "label": "Volume balance",
        "positive": false,
        "value": 0.897947,
        "read": "Supply-led"
      }
    ],
    "volume": {
      "latest": 7841391,
      "relative_activity": 0.638377,
      "balance": 0.897947,
      "dry_up": 0.724803,
      "accumulation_observations": 2,
      "distribution_observations": 3
    },
    "risk": {
      "range_context": 0.102457,
      "annualized_volatility": 0.355025,
      "from_high_reference": -0.301754,
      "from_low_reference": 0.148247
    },
    "levels": {
      "trend_reference": 24.575584,
      "fair_value_reference": 19.282937,
      "structural_low": 18.82,
      "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": 19,
        "median_return": -0.012164,
        "positive_rate": 0.368421,
        "directional_follow_through": 0.631579,
        "median_excess_return": 0.011396,
        "regime_survival": 0.736842,
        "best_return": 0.208848,
        "worst_return": -0.090084,
        "sufficient": true
      },
      {
        "horizon": "Intermediate",
        "sample_count": 7,
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        "positive_rate": 0.428571,
        "directional_follow_through": 0.571429,
        "median_excess_return": -0.049994,
        "regime_survival": 0.571429,
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        "sufficient": true
      },
      {
        "horizon": "Extended",
        "sample_count": 4,
        "median_return": 0.011293,
        "positive_rate": 0.5,
        "directional_follow_through": 0.5,
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        "regime_survival": 0.25,
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        "worst_return": -0.132576,
        "sufficient": false
      },
      {
        "horizon": "Full cycle",
        "sample_count": 2,
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        "positive_rate": 0.5,
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        "best_return": 0.030234,
        "worst_return": -0.091154,
        "sufficient": false
      }
    ],
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        "regime": "downward_expansion",
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        "color": "red",
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        "end": "2024-10-04",
        "tenure": "Established",
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        "active": false
      },
      {
        "regime": "rotation_up",
        "label": "Rotation Up",
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        "tenure": "Developing",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
        "color": "green",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "deceleration",
        "label": "Deceleration",
        "color": "amber",
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        "end": "2025-10-24",
        "tenure": "New",
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        "active": false
      },
      {
        "regime": "upward_expansion",
        "label": "Upward Expansion",
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        "active": false
      },
      {
        "regime": "balance",
        "label": "Balance",
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        "active": false
      },
      {
        "regime": "deceleration",
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        "tenure": "New",
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        "active": false
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      {
        "regime": "rotation_down",
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      {
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      },
      {
        "date": "2026-07-17",
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      },
      {
        "date": "2026-07-24",
        "close": 19.610001,
        "volume": 9996632,
        "typical_volume": 12950346.35,
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        "fair_value": 19.255443,
        "relative_strength": -23.626514,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
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        "direction": -77.219888,
        "energy": 51.79364,
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      },
      {
        "date": "2026-07-31",
        "close": 20.639999,
        "volume": 9140564,
        "typical_volume": 12637598.55,
        "trend": 24.673302,
        "fair_value": 19.265466,
        "relative_strength": -17.974005,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Early contraction",
        "gate": "down",
        "direction": -65.045422,
        "energy": 51.530424,
        "activity_lines": [
          20.861333,
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      },
      {
        "date": "2026-08-07",
        "close": 21.610001,
        "volume": 7841391,
        "typical_volume": 12283322.2,
        "trend": 24.575584,
        "fair_value": 19.282937,
        "relative_strength": -17.707377,
        "stage": 4,
        "regime": "downward_expansion",
        "modifier": "Established contraction",
        "gate": "down",
        "direction": -60.191512,
        "energy": 50.142058,
        "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."
    }
  }
}