SHZ · Technology · Weekly analysis

300624 Elliott Wave report

Wondershare Technology Group Co., Ltd.

Latest close CNY 55.39 Week ending 4 Sep 2026 History 276 weeks

Current reading

A rebound is being tested

The wave pattern treats the recent rise as a rebound within a larger decline. A fresh fall is still something to confirm.

60/100 Setup score 100/100 Data quality Watching Setup status

A setup score is a measure of fit, not a probability or price forecast.

How to use this report

Start with price. Read the selected pattern and the weekly closing levels beside the chart. “Confirm” means a move supports that interpretation; it does not guarantee a return.

Compare the evidence. A wave count can disagree with the trend, momentum or sector. The report points out those differences before looking at timing.

Check the limits. Timing windows are estimates, the last swing can move, and historical outcomes vary. Open the rules and data notes for more detail.

01 · Price & key levels

The pattern and the prices to watch

Selected wave countBearish A/B/C rebound may be completing

A, B and C label a three-part correction. The outlined last point is still forming.

Other readingsThe other readings support this direction

4 of 7 available readings support the downward wave interpretation; 2 lean against it. Agreement adds context, but does not guarantee the next move.

Main uncertaintyLow count stability

The leading count changed 4 times across the last 9 checks. Keep the alternative interpretations in view.

Weekly price and wave pattern

Move across the chart to inspect a week. Turn on explanations for a guide to the marked points.

Weekly close30-week trendFair ValueConfirmationCount failureSelected pattern

The shaded area marks the selected pattern. Filled dots mark confirmed turns; the outlined dot is still forming. Prices use completed weeks; changing the chart range does not recalculate the count.

Weekly chart values

Prices in CNY · the history displayed on the chart
Week ending	Close	30-week trend	Fair Value
2023-08-25	83.65	96.65	54.66
2023-09-01	88.86	98.28	54.84
2023-09-08	77.85	99.52	54.90
2023-09-15	75.96	100.43	54.90
2023-09-22	81.85	101.55	54.94
2023-09-29	99.36	102.92	55.15
2023-10-13	88.78	104.06	55.28
2023-10-20	77.35	104.30	55.34
2023-10-27	79.21	104.38	55.42
2023-11-03	84.01	104.65	55.51
2023-11-10	91.51	105.26	55.64
2023-11-17	89.83	105.46	55.80
2023-11-24	82.32	104.38	55.93
2023-12-01	94.27	102.85	56.12
2023-12-08	107.80	101.65	56.43
2023-12-15	99.72	100.53	56.70
2023-12-22	92.83	99.56	56.93
2023-12-29	94.42	98.16	57.16
2024-01-05	83.99	96.30	57.30
2024-01-12	81.65	94.67	57.44
2024-01-19	90.12	92.95	57.70
2024-01-26	91.80	91.25	57.93
2024-02-02	79.65	90.01	58.09
2024-02-09	84.04	89.21	58.26
2024-02-23	105.40	89.17	58.56
2024-03-01	104.92	89.39	58.89
2024-03-08	106.10	89.77	59.26
2024-03-15	105.45	90.14	59.62
2024-03-22	114.50	90.85	60.03
2024-03-29	93.46	91.02	60.33
2024-04-05	88.19	91.17	60.59
2024-04-12	85.94	91.08	60.87
2024-04-19	83.73	91.27	61.14
2024-04-26	90.84	91.77	61.45
2024-05-03	91.83	92.10	61.77
2024-05-10	85.24	91.63	62.05
2024-05-17	83.83	91.47	62.33
2024-05-24	79.65	91.54	62.56
2024-05-31	80.00	91.57	62.82
2024-06-07	52.80	90.53	62.91
2024-06-14	56.37	89.36	63.00
2024-06-21	52.85	88.12	63.05
2024-06-28	53.07	87.15	63.08
2024-07-05	50.75	85.70	63.09
2024-07-12	49.81	83.77	62.92
2024-07-19	48.75	82.07	62.81
2024-07-26	46.64	80.53	62.74
2024-08-02	47.16	78.95	62.69
2024-08-09	44.00	77.62	62.62
2024-08-16	42.50	76.31	62.54
2024-08-23	40.63	74.66	62.47
2024-08-30	40.96	72.97	62.41
2024-09-06	39.09	71.62	62.34
2024-09-13	40.42	70.16	62.30
2024-09-20	39.29	67.96	62.27
2024-09-27	47.88	66.06	62.31
2024-10-04	57.45	64.44	62.39
2024-10-11	55.32	62.77	62.44
2024-10-18	63.14	61.05	62.53
2024-10-25	62.28	60.01	62.61
2024-11-01	56.14	58.95	62.64
2024-11-08	62.11	58.15	62.71
2024-11-15	69.78	57.69	62.88
2024-11-22	60.69	56.68	62.99
2024-11-29	63.42	55.73	63.12
2024-12-06	81.88	55.62	63.35
2024-12-13	73.58	55.28	63.51
2024-12-20	73.43	55.07	63.68
2024-12-27	67.60	54.66	63.83
2025-01-03	57.53	54.82	63.92
2025-01-10	57.50	54.86	64.02
2025-01-17	61.59	55.15	64.09
2025-01-24	68.83	55.67	64.21
2025-01-31	68.46	56.26	64.30
2025-02-07	80.32	57.28	64.47
2025-02-14	78.49	58.27	64.64
2025-02-21	78.70	59.34	64.84
2025-02-28	67.30	60.01	65.01
2025-03-07	72.70	60.97	65.22
2025-03-14	69.34	61.86	65.40
2025-03-21	65.87	62.70	65.58
2025-03-28	62.90	63.43	65.74
2025-04-04	61.41	64.18	65.90
2025-04-11	54.83	64.66	66.00
2025-04-18	53.91	65.15	66.09
2025-04-25	54.73	65.37	66.17
2025-05-02	61.07	65.50	66.32
2025-05-09	63.19	65.76	66.51
2025-05-16	62.93	65.75	66.72
2025-05-23	59.00	65.64	66.92
2025-05-30	58.75	65.73	67.10
2025-06-06	60.15	65.66	67.30
2025-06-13	58.49	65.29	67.48
2025-06-20	59.04	65.23	67.67
2025-06-27	60.74	65.14	67.87
2025-07-04	61.15	64.45	68.07
2025-07-11	68.47	64.28	68.31
2025-07-18	69.54	64.15	68.56
2025-07-25	74.57	64.38	68.83
2025-08-01	89.60	65.45	69.20
2025-08-08	77.12	66.11	69.51
2025-08-15	78.08	66.66	69.81
2025-08-22	82.69	67.12	70.14
2025-08-29	78.68	67.46	70.44
2025-09-05	73.85	67.24	70.70
2025-09-12	73.58	67.08	70.97
2025-09-19	73.06	66.89	71.26
2025-09-26	72.37	67.06	71.53
2025-10-03	77.51	67.22	71.84
2025-10-10	75.04	67.41	72.14
2025-10-17	66.20	67.42	72.39
2025-10-24	69.30	67.64	72.67
2025-10-31	72.45	68.00	72.96
2025-11-07	70.39	68.52	73.23
2025-11-14	66.89	68.95	73.46
2025-11-21	77.14	69.70	73.76
2025-11-28	75.61	70.19	74.04
2025-12-05	70.23	70.42	74.26
2025-12-12	69.13	70.63	74.50
2025-12-19	66.12	70.86	74.71
2025-12-26	67.45	71.15	74.94
2026-01-02	70.65	71.50	75.20
2026-01-09	82.55	72.31	75.55
2026-01-16	98.76	73.63	75.99
2026-01-23	94.29	74.75	76.40
2026-01-30	93.35	75.82	76.80
2026-02-06	86.36	76.42	77.15
2026-02-13	95.08	77.27	77.50
2026-02-27	85.67	77.64	77.79
2026-03-06	76.53	77.20	77.97
2026-03-13	73.45	77.08	78.13
2026-03-20	70.55	76.83	78.21
2026-03-27	68.70	76.36	78.30
2026-04-03	65.10	75.91	78.27
2026-04-10	69.69	75.77	78.22
2026-04-17	70.85	75.68	78.19
2026-04-24	70.02	75.58	78.17
2026-05-01	63.92	75.30	78.04
2026-05-08	70.82	75.08	77.76
2026-05-15	65.82	74.77	77.29
2026-05-22	62.90	74.66	76.77
2026-05-29	59.92	74.35	76.30
2026-06-05	56.73	73.82	75.88
2026-06-12	52.30	73.22	75.34
2026-06-19	56.60	72.88	74.81
2026-06-26	51.01	72.01	74.30
2026-07-03	50.61	71.17	73.71
2026-07-10	52.13	70.57	73.13
2026-07-17	45.71	69.79	72.67
2026-07-24	44.38	69.06	72.27
2026-07-31	53.51	68.60	71.93
2026-08-07	56.28	68.12	71.66
2026-08-14	54.86	67.20	71.40
2026-08-21	51.24	65.61	71.12
2026-08-28	47.22	64.04	70.83
2026-09-04	55.39	62.78	70.62

What to watch next

Weekly closing levels

Read these with the wave count, not as automatic trade instructions.

Supports the wave viewBelow CNY 47.22 -14.7% from the latest close

A weekly close beyond this level would support the selected direction. Check the other readings too.

Changes the wave viewAbove CNY 55.39 0.0% from the latest close · Forming

This is the forming swing’s current endpoint. It can move as the swing extends; it is not a fixed stop price.

Earlier confirmed swing CNY 56.28

A separate, confirmed price reference for the wider structure. It is not the current count’s failure level.

Confirmed 2026-08-07

Check the wave count and alternatives ↓

4-week return -1.6%

13-week return -2.4%

26-week return -27.6%

52-week return -29.6%

From 52-week high -54.9%

26-week volatility 57.7%

02 · Wave count

How the wave count fits

The chart uses a 15.7% closing-price reversal threshold. Filled markers are confirmed pivots; the outlined final marker is still forming.

Scenario comparison

Compare the possible patterns

Bearish A/B/C rebound may be completingPrimary swing size · Leading40%

Possible bearish Wave 2 crestPrimary swing size19%

Bearish A/B/C rebound may be completingTactical swing size40%

Weights compare the displayed patterns; they are not probabilities. The same pattern can appear at different swing sizes.

Leading wave count

Bearish A/B/C rebound may be completing

40% evidence weight

The count below meets the required wave rules. The details show which swings and proportions support it. A valid pattern is still an interpretation of past price moves.

Confirm below 47.22 Fails above 55.39 Count stability Low · 36/100

Wave rules and proportions

PassWave B protects the correction originOrigin 44.38; Wave B 47.22.

PassWave C progresses beyond Wave AA length 11.90; C length 8.17.

GuidelineWave C is proportionate to Wave AWave C is 0.69× Wave A.

Strategic degreePossible Wave 2 trough

Strategic degree uses a 24.0% weekly closing-price reversal threshold.

Primary degreeBearish A/B/C rebound may be completing

Primary degree uses a 15.7% weekly closing-price reversal threshold.

Tactical degreeBearish A/B/C rebound may be completing

Tactical degree uses a 11.0% weekly closing-price reversal threshold.

Active swing 17.3%

1 weeks · Forming

Nearest confirmed support 47.22

Pivot from 2026-08-28

Nearest confirmed resistance 56.28

Pivot from 2026-08-07

30-week trend 62.78

Price is -11.8% from trend

Fair Value reference 70.62

Price is -21.6% from Fair Value

52-week range position 14%

44.24 low · 122.80 high

03 · Supporting evidence

Where the evidence agrees or disagrees

4 of 7 available readings support the downward wave interpretation; 2 lean against it. Agreement adds context, but does not guarantee the next move.

57% directional agreement

The other readings support this direction. 4 readings support the selected direction; 2 lean against it.

Trend

Price remains below its 30-week trend.

11.8% below trend

Cycle pressure

The medium-term pressure curve is turning higher.

Troughing

Cycle alignment

Cycle lengths are not moving in one clear direction.

Mixed

Relative strength

Underperforming its benchmark

-15.9

Market activity

Participation is weak

-35.5

Market dynamics

Price and volume behaviour is supportive

+0.3

30-week momentum

Medium-term momentum is negative

-40.7

Balance of readings Defensive

2 constructive, 4 weak and 1 neutral measures.

Agreement describes direction among the readings. It does not necessarily support the selected wave count.

Market activity

Whether participation is supporting the move.

Participation is weak. This supports the downward wave view.

Relative strength

Performance against the market benchmark.

Underperforming its benchmark. This supports the downward wave view.

30-week momentum

The pace of the medium-term price move.

Medium-term momentum is negative. This supports the downward wave view.

Market dynamics

A separate scale prevents this lower-range measure being hidden by relative strength.

Price and volume behaviour is supportive. This challenges the downward wave view.

04 · Cycle timing

What cycle timing adds

Cycle estimates help describe timing. They do not set a date for the next price turn.

Cycle pressure is near a low and starting to turn. Look for price to confirm an upswing.

Cycle repeat scores range from 0 to 41/100. Low scores mean the past rhythm is irregular, so the projected weeks deserve less weight.

Pressure phaseTroughing

Current medium-term pressure direction

Cycle agreementMixed

50/100 constructive · 50/100 risk

Estimated next low19 weeks

Timing estimate, not a dated forecast

Estimated next high8 weeks

Timing estimate, not a dated forecast

Cycle pressure

Above zero is positive pressure; direction matters more than the absolute number.

Shorter and longer cycles

The thick line is the blended reading; thinner lines show 20, 40 and 80-week components.

An observed cycle is the repeat found in past prices. The repeat score describes how clearly it appears. FLD is a shifted price reference used to check a turn. Low timing scores can coexist with a positive price-cross check.

Typical / observed cycle10w / 9w

Current phaseFalling

Repeat score5/100

Price-cross check (FLD)Crossed Up

Since last trough1w

Possible next low5–11w

Typical / observed cycle20w / 25w

Current phaseTroughing

Repeat score0/100

Price-cross check (FLD)Crossed Up

Since last trough6w

Possible next low11–27w

Typical / observed cycle40w / 30w

Current phaseTroughing

Repeat score0/100

Price-cross check (FLD)Crossed Down

Since last trough6w

Possible next low12–36w

Typical / observed cycle80w / 100w

Current phaseFalling

Repeat score41/100

Price-cross check (FLD)Crossed Down

Since last trough59w

Possible next low27–55w

05 · Risk

Risk behind the price move

Wave structure is easier to judge when drawdown, volatility and participation are visible beside it.

Risk in context

How much room price has to move

Price is 61.5% below the highest weekly close in the stored history. It is 54.9% below the 52-week high. The two figures use different reference points.

Largest contributors to the risk score

Multi-cycle risk
Hurst risk alignment is 50/100.
Count instability
The primary interpretation has low recent stability.

Downside risk check

Contained

14/100

Wave maturity0/25

Trend extension0/20

Range position0/15

Cycle rollover0/15

Multi-cycle risk8/15

Count instability6/10

Event proximity0/10

This score combines the risk checks shown here. A higher score means more warning signs, not a measured probability of a fall.

52-week low44.24

52-week high122.80

Annualised volatility57.7%

Based on the latest 26 weekly returns

Average weekly range10.0%

Average high-to-low range over 13 weeks

Current drawdown-61.5%

From the highest close in the stored record

Latest volume295%

Of its trailing 20-week average

Drawdown history

Distance below the highest prior weekly close.

Realised volatility

Annualised variability of the latest 26 weekly returns.

Relative volume

Weekly volume as a percentage of its 20-week average.

06 · Market context

Sector trends and upcoming events

Compare the pattern with other stocks in the sector, then check whether an event could change the price picture.

Sector breadth

Most analysed peers have an upward wave count. That contrasts with this report’s downward interpretation.

78% constructive

18 of 23 analysed peers have a leading upward wave pattern.

4% have improving cycles Breadth shows whether peers share the structure. Cohort outcomes use non-overlapping, point-in-time trend and momentum states from the same sector and report benchmark excess return when matching benchmark bars exist; they are context, not a backtest of the Elliott count.

Earnings and options

Event information is limited

No additional warning is recorded. Missing event data does not rule out a surprise.

These are the latest stored event readings. Missing earnings or options data does not mean that event risk is absent.

Peer-state horizon	Non-overlapping samples	Positive	Median	Median excess vs 399001.SZ	Middle 80% of returns
4 weeks	400	56%	1.6%	1.9%	-12.3% to 23.5%
13 weeks	172	62%	5.5%	5.0%	-18.4% to 70.9%
26 weeks	105	65%	11.4%	11.6%	-20.6% to 125.0%

07 · History

What happened after similar readings

After similar readings, the middle 4-week return was +0.1% across 48 completed outcomes. The range below shows how far individual outcomes differed. Overlapping weeks are not independent tests of this wave count.

49 similar weekly states

Typical return after a match

Median outcome after each matching historical week.

0.1%

13w

12.5%

26w

20.6%

Horizon	Matches	Positive	Median	Range
4 weeks	48	52%	0.1%	-32.8% to 60.7%
13 weeks	46	74%	12.5%	-49.3% to 109.5%
26 weeks	45	64%	20.6%	-47.0% to 389.9%

Overlapping historical matches are descriptive context, not independent observations or a forecast.

Data quality, rules and limitations

Evidence quality100/100

This measures usable history, indicator coverage and confirmed swing points. It does not measure the chance of the scenario succeeding.

Weekly history: 100/100
Indicator coverage: 100/100
Confirmed structure: 100/100

Model ewc-2.1.0 · as of 2026-09-04 · only the final active pivot is provisional; confirmed pivots are retained.

How the count is built

Rules and data notes

Swing points use weekly closes and a 15.7% adaptive reversal threshold.
The final swing is provisional until the reversal threshold is met.
Candidate counts must pass the Wave 2 origin, Wave 3 progression/length and Wave 4 overlap rules when those waves are present.
Fibonacci proportions and alternation rank valid candidates but never rescue a hard-rule failure.
Primary and alternate evidence weights compare admissible counts; they are not probabilities.
Nominal Hurst periods adapt to observed weekly rhythm. Future windows include measured timing uncertainty and require FLD or price confirmation.

Audit trail

Recent swing points

Dates and prices for the recent swings. The final point can still move.

Date	Status	Type	Price	Move	Duration
2024-09-06	Confirmed	Low	39.09	-65.9%	24 weeks
2024-12-06	Confirmed	High	81.88	109.5%	13 weeks
2025-01-10	Confirmed	Low	57.50	-29.8%	5 weeks
2025-02-07	Confirmed	High	80.32	39.7%	4 weeks
2025-04-18	Confirmed	Low	53.91	-32.9%	10 weeks
2025-08-01	Confirmed	High	89.60	66.2%	15 weeks
2025-10-17	Confirmed	Low	66.20	-26.1%	11 weeks
2026-01-16	Confirmed	High	98.76	49.2%	13 weeks
2026-07-24	Confirmed	Low	44.38	-55.1%	26 weeks
2026-08-07	Confirmed	High	56.28	26.8%	2 weeks
2026-08-28	Confirmed	Low	47.22	-16.1%	3 weeks
2026-09-04	Forming	High	55.39	17.3%	1 weeks