{ "ticker": { "uuid": "ffd77b84-4b16-489c-a430-3af985fffc96", "symbol": "600633", "name": "Zhejiang Daily Digital Culture Group 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": "Established contraction", "architecture_gate": "down", "architecture_direction": -47.708, "architecture_energy": 38.818, "architecture_maturity": 64.419, "architecture_confidence": 63.983, "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": 21.41, "rotation_up": 26.63, "upward_expansion": 17.9, "deceleration": 65.65, "rotation_down": 40.65, "downward_expansion": 67.9 }, "activity_lines": [ 10.74, 10.611577, 11.233007, 11.782615 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 11.23, "trend_reference": 12.625882, "distance_from_trend": -0.110557, "trend_direction": "Weakening", "fair_value": 11.942305, "distance_from_fair_value": -0.059645, "fair_value_direction": "Weakening", "relative_strength": -13.875254, "relative_strength_direction": "Weakening", "price_momentum": -0.274079, "excess_performance": -0.230875, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.110557, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.058916, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.059645, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.185892, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.138753, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.054183, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.274079, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.539553, "read": "Supply-led" } ], "volume": { "latest": 164674268, "relative_activity": 1.236728, "balance": 0.539553, "dry_up": 1.115918, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.076872, "annualized_volatility": 0.446392, "from_high_reference": -0.368747, "from_low_reference": 0.134343 }, "levels": { "trend_reference": 12.625882, "fair_value_reference": 11.942305, "structural_low": 9.9, "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": 22, "median_return": 0.013617, "positive_rate": 0.545455, "directional_follow_through": 0.454545, "median_excess_return": 0.006834, "regime_survival": 0.727273, "best_return": 0.264524, "worst_return": -0.166413, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": 0.021694, "positive_rate": 0.555556, "directional_follow_through": 0.444444, "median_excess_return": -0.029974, "regime_survival": 0.555556, "best_return": 0.346769, "worst_return": -0.207856, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.148159, "positive_rate": 0.6, "directional_follow_through": 0.4, "median_excess_return": 0.092135, "regime_survival": 0.4, "best_return": 0.287631, "worst_return": -0.190671, "sufficient": true }, { 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"date": "2026-07-24", "close": 10.1, "volume": 191683032, "typical_volume": 136220503.2, "trend": 12.740549, "fair_value": 11.996164, "relative_strength": -20.940243, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.927039, "energy": 60.095838, "activity_lines": [ 10.243333, 10.520176, 11.386307, 11.993632 ] }, { "date": "2026-07-31", "close": 10.92, "volume": 119667980, "typical_volume": 134174931.6, "trend": 12.680215, "fair_value": 11.963844, "relative_strength": -14.413284, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.739563, "energy": 51.663907, "activity_lines": [ 10.470667, 10.52188, 11.290181, 11.876178 ] }, { "date": "2026-08-07", "close": 11.23, "volume": 164674268, "typical_volume": 133153189.5, "trend": 12.625882, "fair_value": 11.942305, "relative_strength": -13.875254, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.707786, "energy": 38.817509, "activity_lines": [ 10.74, 10.611577, 11.233007, 11.782615 ] } ], "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." } } }