{ "ticker": { "uuid": "fca4d856-3b5a-43df-bff1-947af66b7def", "symbol": "300981", "name": "Zhonghong Pulin Medical Products 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 81.277, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 29.826, "architecture_energy": 36.0, "architecture_maturity": 54.0, "architecture_confidence": 93.455, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 29.98, "rotation_up": 64.68, "upward_expansion": 33.32, "deceleration": 42.41, "rotation_down": 17.39, "downward_expansion": 27.32 }, "activity_lines": [ 13.412, 12.064182, 12.262908, 12.56563 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": 0.0 }, "latest_close": 16.059999, "trend_reference": 12.815711, "distance_from_trend": 0.253149, "trend_direction": "Weakening", "fair_value": 11.637344, "distance_from_fair_value": 0.38004, "fair_value_direction": "Improving", "relative_strength": 17.336308, "relative_strength_direction": "Improving", "price_momentum": 0.289929, "excess_performance": 0.28253, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.253149, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.045529, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.38004, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.15388, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.173363, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.278028, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.289929, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 2.094141, "read": "Demand-led" } ], "volume": { "latest": 172907999, "relative_activity": 3.37877, "balance": 2.094141, "dry_up": 1.630061, "accumulation_observations": 3, "distribution_observations": 0 }, "risk": { "range_context": 0.098303, "annualized_volatility": 0.734946, "from_high_reference": -0.127059, "from_low_reference": 0.692308 }, "levels": { "trend_reference": 12.815711, "fair_value_reference": 11.637344, "structural_low": 9.49, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 8, "median_return": 0.048082, "positive_rate": 0.625, "directional_follow_through": 0.625, "median_excess_return": 0.010656, "regime_survival": 0.375, "best_return": 0.340374, "worst_return": -0.114775, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": -0.03766, "positive_rate": 0.4, "directional_follow_through": 0.4, "median_excess_return": -0.040801, "regime_survival": 0.0, "best_return": 0.236021, "worst_return": -0.307182, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.129408, "positive_rate": 0.25, "directional_follow_through": 0.25, "median_excess_return": -0.102127, "regime_survival": 0.0, "best_return": 0.192065, "worst_return": -0.305371, "sufficient": false }, { "horizon": "Full cycle", 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12.612197, "fair_value": 11.599727, "relative_strength": -22.378401, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.424158, "energy": 61.812822, "activity_lines": [ 10.216, 10.480868, 11.722313, 12.207615 ] }, { "date": "2026-07-31", "close": 14.79, "volume": 101711830, "typical_volume": 50307616.3, "trend": 12.688562, "fair_value": 11.614147, "relative_strength": 13.535213, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "down", "direction": -9.748598, "energy": 12.917792, "activity_lines": [ 11.778667, 11.163273, 11.930741, 12.348118 ] }, { "date": "2026-08-07", "close": 16.059999, "volume": 172907999, "typical_volume": 51174828.75, "trend": 12.815711, "fair_value": 11.637344, "relative_strength": 17.336308, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 29.825679, "energy": 35.999566, "activity_lines": [ 13.412, 12.064182, 12.262908, 12.56563 ] } ], "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." } } }