{ "ticker": { "uuid": "fe14c728-2f77-4cdf-984c-babd92a3cfd5", "symbol": "688356", "name": "Jenkem 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": 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": -55.51, "architecture_energy": 41.842, "architecture_maturity": 45.282, "architecture_confidence": 87.302, "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": 27.11, "rotation_up": 23.91, "upward_expansion": 6.13, "deceleration": 56.83, "rotation_down": 44.5, "downward_expansion": 74.8 }, "activity_lines": [ 72.279334, 73.405534, 77.741113, 82.797624 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 74.5, "trend_reference": 89.284905, "distance_from_trend": -0.165592, "trend_direction": "Weakening", "fair_value": 79.837853, "distance_from_fair_value": -0.066859, "fair_value_direction": "Weakening", "relative_strength": -16.593117, "relative_strength_direction": "Weakening", "price_momentum": -0.228379, "excess_performance": -0.185175, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.165592, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.044984, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.066859, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.208255, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.165931, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.132959, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.228379, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.459939, "read": "Supply-led" } ], "volume": { "latest": 7254320, "relative_activity": 1.541944, "balance": 0.459939, "dry_up": 1.74121, "accumulation_observations": 2, "distribution_observations": 6 }, "risk": { "range_context": 0.125555, "annualized_volatility": 0.451958, "from_high_reference": -0.372262, "from_low_reference": 0.199099 }, "levels": { "trend_reference": 89.284905, "fair_value_reference": 79.837853, "structural_low": 62.130001, "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": 24, "median_return": 0.012256, "positive_rate": 0.541667, "directional_follow_through": 0.458333, "median_excess_return": -0.020499, "regime_survival": 0.833333, "best_return": 0.259635, "worst_return": -0.218978, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.062595, "positive_rate": 0.333333, "directional_follow_through": 0.666667, "median_excess_return": -0.136213, "regime_survival": 0.555556, "best_return": 0.186504, "worst_return": -0.302768, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": -0.193919, "positive_rate": 0.2, "directional_follow_through": 0.8, "median_excess_return": -0.155358, "regime_survival": 0.4, "best_return": 0.05204, "worst_return": -0.342632, "sufficient": true }, { 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49.831624, "activity_lines": [ 72.467335, 73.178165, 78.681195, 83.768048 ] }, { "date": "2026-08-07", "close": 74.5, "volume": 7254320, "typical_volume": 4704657.15, "trend": 89.284905, "fair_value": 79.837853, "relative_strength": -16.593117, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.510232, "energy": 41.841695, "activity_lines": [ 72.279334, 73.405534, 77.741113, 82.797624 ] } ], "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." } } }