{ "ticker": { "uuid": "f8ade359-9c15-45e3-a7cd-46b40f4c764f", "symbol": "000950", "name": "C.Q. Pharmaceutical Holding 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "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": -37.492, "architecture_energy": 21.975, "architecture_maturity": 50.78, "architecture_confidence": 74.502, "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": 42.82, "rotation_up": 24.92, "upward_expansion": 14.23, "deceleration": 46.07, "rotation_down": 28.85, "downward_expansion": 59.57 }, "activity_lines": [ 5.358667, 5.294319, 5.486518, 5.613889 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 5.43, "trend_reference": 5.780759, "distance_from_trend": -0.060677, "trend_direction": "Weakening", "fair_value": 5.304705, "distance_from_fair_value": 0.02362, "fair_value_direction": "Weakening", "relative_strength": -6.892253, "relative_strength_direction": "Improving", "price_momentum": -0.102479, "excess_performance": -0.109879, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.060677, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.025654, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.02362, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.065491, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.068923, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.064884, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.102479, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.05535, "read": "Demand-led" } ], "volume": { "latest": 170247581, "relative_activity": 0.826496, "balance": 1.05535, "dry_up": 0.845119, "accumulation_observations": 2, "distribution_observations": 1 }, "risk": { "range_context": 0.086013, "annualized_volatility": 0.525443, "from_high_reference": -0.267206, "from_low_reference": 0.10142 }, "levels": { "trend_reference": 5.780759, "fair_value_reference": 5.304705, "structural_low": 4.93, "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": 18, "median_return": 0.026214, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.00226, "regime_survival": 0.666667, "best_return": 0.10559, "worst_return": -0.094643, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.050956, "positive_rate": 0.571429, "directional_follow_through": 0.428571, "median_excess_return": -0.030996, "regime_survival": 0.285714, "best_return": 0.192842, "worst_return": -0.1125, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.006114, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.006927, "regime_survival": 0.0, "best_return": 0.179541, "worst_return": -0.055357, "sufficient": true }, { "horizon": "Full cycle", 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5.586561, 5.705526 ] }, { "date": "2026-07-24", "close": 5.17, "volume": 151377521, "typical_volume": 199813423.45, "trend": 5.82148, "fair_value": 5.311266, "relative_strength": -8.654429, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.730808, "energy": 39.740596, "activity_lines": [ 5.218667, 5.2551, 5.532975, 5.659974 ] }, { "date": "2026-07-31", "close": 5.47, "volume": 114785683, "typical_volume": 201595859.6, "trend": 5.792829, "fair_value": 5.308207, "relative_strength": -1.624464, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.308705, "energy": 28.637925, "activity_lines": [ 5.313333, 5.272216, 5.510913, 5.637298 ] }, { "date": "2026-08-07", "close": 5.43, "volume": 170247581, "typical_volume": 205987094.55, "trend": 5.780759, "fair_value": 5.304705, "relative_strength": -6.892253, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -37.492454, "energy": 21.97479, "activity_lines": [ 5.358667, 5.294319, 5.486518, 5.613889 ] } ], "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." } } }