SHH · EQUITY · ENHANCED MARKET DYNAMICS

600828

Maoye Commercial Co., Ltd.

CN · Consumer Cyclical · Department Stores

Open Chart Terminal

EMD SCORE60/100

CURRENT COMPLETED-WEEK READ

Constructive

The balance of evidence is supportive, with some confirmation still incomplete. Conditions are positive and have strengthened over the latest four completed weeks.

Constructive build60% directional agreement87/100 evidence quality6/6 sources available

Completed week: 9 Oct 2026
Latest close: CNY 4.57
Evidence: 156 weeks

Four-week EMD change+33.2 pts

signed chart scale −100 to +100

Four-week price+2.0%

completed closing prices

Current directional run1 weeks

on the same side of EMD zero

Recent consistency2/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

4 supportive · 1 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.

29 Sep 2023–9 Oct 2026

Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation

Confirmation markers describe price-zone departures within this saved history. Earlier markers can change as the history changes; they are not a record of signals available in real time.

Cycle position 89%Current EMD +19.74-week EMD change +33.2Full saved history price range CNY 2.28–7.27

View chart values · 156 observations

Week	Close · CNY	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-09-29	3.81	7.04	54	20	83
2023-10-13	3.64	-10.86	45	20	83
2023-10-20	3.53	-12.03	44	20	83
2023-10-27	3.63	0.06	50	33	100
2023-11-03	3.68	-5.49	47	0	100
2023-11-10	3.59	-11.25	44	20	100
2023-11-17	3.67	1.99	51	33	100
2023-11-24	3.81	10.25	55	33	100
2023-12-01	3.90	17.05	59	33	100
2023-12-08	3.77	5.02	53	0	100
2023-12-15	3.91	24.87	62	60	100
2023-12-22	3.75	4.24	52	0	100
2023-12-29	3.61	-8.07	46	20	100
2024-01-05	3.76	8.64	54	50	100
2024-01-12	4.71	61.47	81	100	100
2024-01-19	4.47	48.26	74	67	100
2024-01-26	4.14	51.07	76	67	100
2024-02-02	3.35	-7.78	46	20	100
2024-02-09	2.69	-26.32	37	33	100
2024-02-23	3.24	-11.32	44	33	100
2024-03-01	3.19	-38.15	31	67	100
2024-03-08	3.17	-33.99	33	60	100
2024-03-15	3.29	-22.87	39	20	100
2024-03-22	3.35	-25.85	37	50	100
2024-03-29	3.25	-29.37	35	50	100
2024-04-05	3.38	-19.8	40	20	100
2024-04-12	3.53	-13.22	43	20	100
2024-04-19	2.74	-50.58	25	67	100
2024-04-26	2.79	-36.62	32	33	100
2024-05-03	2.91	-44.1	28	60	100
2024-05-10	2.99	-44.15	28	60	100
2024-05-17	3.07	-20.16	40	0	100
2024-05-24	2.96	-38.54	31	60	100
2024-05-31	2.88	-39.61	30	67	100
2024-06-07	2.64	-43.98	28	60	100
2024-06-14	2.60	-45.92	27	60	100
2024-06-21	2.46	-51.96	24	67	100
2024-06-28	2.37	-58.1	21	100	100
2024-07-05	2.39	-52.6	24	67	100
2024-07-12	2.35	-47.23	26	60	100
2024-07-19	2.30	-46.95	27	60	100
2024-07-26	2.28	-44.6	28	60	100
2024-08-02	2.41	-38.63	31	60	100
2024-08-09	2.51	-39.93	30	60	100
2024-08-16	2.42	-44.74	28	100	100
2024-08-23	2.36	-46.22	27	100	100
2024-08-30	2.48	-24.47	38	20	100
2024-09-06	2.66	-5.49	47	0	100
2024-09-13	2.44	-36.32	32	50	100
2024-09-20	2.50	-7.53	46	33	100
2024-09-27	2.83	12.32	56	60	100
2024-10-04	3.09	18.24	59	67	100
2024-10-11	2.93	6.47	53	33	100
2024-10-18	2.91	11.66	56	20	100
2024-10-25	3.02	24.86	62	67	100
2024-11-01	3.08	16.44	58	33	100
2024-11-08	3.29	41.69	71	67	100
2024-11-15	3.07	26.54	63	33	100
2024-11-22	3.13	32.27	66	33	100
2024-11-29	3.42	63.49	82	100	100
2024-12-06	3.86	78.76	89	100	100
2024-12-13	4.63	83.23	92	100	100
2024-12-20	4.07	55.03	78	67	100
2024-12-27	4.33	83.35	92	100	100
2025-01-03	4.14	56.52	78	67	100
2025-01-10	3.45	42.11	71	67	100
2025-01-17	3.70	63.69	82	100	100
2025-01-24	3.48	41.14	71	67	100
2025-01-31	3.45	42.72	71	100	100
2025-02-07	3.50	47.47	74	100	100
2025-02-14	3.50	27.4	64	33	100
2025-02-21	3.39	20.92	60	33	100
2025-02-28	3.42	25.3	63	60	100
2025-03-07	3.38	16.71	58	50	100
2025-03-14	3.59	30.71	65	60	100
2025-03-21	3.36	7.55	54	20	100
2025-03-28	3.14	-23.73	38	67	100
2025-04-04	3.15	-15.45	42	60	100
2025-04-11	3.38	10.51	55	20	100
2025-04-18	3.77	35.69	68	67	100
2025-04-25	4.35	74.95	87	100	100
2025-05-02	5.14	72.53	86	100	100
2025-05-09	4.55	51.35	76	67	100
2025-05-16	4.19	56.91	78	67	100
2025-05-23	4.19	48.64	74	67	100
2025-05-30	4.02	47.16	74	67	100
2025-06-06	4.01	50.54	75	100	100
2025-06-13	3.89	35.07	68	67	100
2025-06-20	3.73	22.07	61	60	100
2025-06-27	3.84	30.55	65	60	100
2025-07-04	3.85	25.59	63	60	100
2025-07-11	3.97	36.52	68	67	100
2025-07-18	3.88	26.17	63	60	100
2025-07-25	3.96	23.62	62	60	100
2025-08-01	5.12	72.19	86	100	100
2025-08-08	4.17	23.92	62	67	100
2025-08-15	4.04	20.52	60	60	100
2025-08-22	4.16	37.7	69	100	100
2025-08-29	4.07	11.05	56	0	100
2025-09-05	4.46	50.16	75	100	100
2025-09-12	4.54	45.28	73	67	100
2025-09-19	4.30	37.29	69	67	100
2025-09-26	4.04	15.53	58	33	100
2025-10-03	3.95	6.17	53	50	100
2025-10-10	3.95	-0.61	50	0	100
2025-10-17	3.96	-11.56	44	50	100
2025-10-24	4.04	-8.67	46	20	100
2025-10-31	4.04	-13.93	43	50	100
2025-11-07	4.14	-3.15	48	0	100
2025-11-14	4.35	9.25	55	20	100
2025-11-21	4.07	-13.05	43	33	100
2025-11-28	6.15	73.74	87	100	100
2025-12-05	6.03	68.42	84	100	100
2025-12-12	6.44	63.56	82	67	100
2025-12-19	6.50	66.74	83	67	100
2025-12-26	5.73	51.1	76	67	100
2026-01-02	5.84	56.09	78	67	100
2026-01-09	6.99	88.24	94	100	100
2026-01-16	7.02	57.22	79	67	100
2026-01-23	6.69	74.31	87	100	100
2026-01-30	6.58	79.14	90	100	100
2026-02-06	7.27	76.24	88	100	100
2026-02-13	6.15	50.82	75	67	100
2026-02-27	6.32	61.13	81	100	100
2026-03-06	6.40	59.83	80	100	100
2026-03-13	6.07	35.0	67	50	100
2026-03-20	5.53	18.57	59	0	100
2026-03-27	5.45	16.11	58	20	100
2026-04-03	4.99	-3.91	48	60	100
2026-04-10	5.16	-10.43	45	50	100
2026-04-17	5.28	-7.17	46	50	100
2026-04-24	5.03	-24.0	38	67	100
2026-05-01	5.00	-21.82	39	50	100
2026-05-08	5.05	-21.68	39	60	100
2026-05-15	4.65	-41.7	29	67	100
2026-05-22	4.38	-42.09	29	67	100
2026-05-29	4.63	-26.24	37	33	100
2026-06-05	5.13	-18.83	41	50	100
2026-06-12	3.99	-41.94	29	60	100
2026-06-19	3.78	-56.76	22	67	100
2026-06-26	3.49	-46.66	27	60	100
2026-07-03	3.70	-45.11	27	60	100
2026-07-10	3.63	-44.95	28	60	100
2026-07-17	3.54	-46.73	27	60	100
2026-07-24	3.40	-45.3	27	60	100
2026-07-31	3.83	-33.62	33	33	100
2026-08-07	3.89	-36.08	32	50	100
2026-08-14	3.94	-33.92	33	50	100
2026-08-21	3.94	-26.45	37	20	100
2026-08-28	4.09	-24.1	38	20	100
2026-09-04	4.97	8.41	54	100	100
2026-09-11	4.48	-13.58	43	0	100
2026-09-18	4.25	-10.09	45	0	100
2026-09-25	4.37	-5.67	47	0	100
2026-10-02	4.33	-5.0	47	0	100
2026-10-09	4.57	19.65	60	60	100

SIX SOURCES · LAST 26 OBSERVATIONS

Is support broadening or thinning?

Green is supportive, rose is cautious.
Grey means the reading is unavailable.

Reading	17 Apr	24 Apr	1 May	8 May	15 May	22 May	29 May	5 Jun	12 Jun	19 Jun	26 Jun	3 Jul	10 Jul	17 Jul	24 Jul	31 Jul	7 Aug	14 Aug	21 Aug	28 Aug	4 Sep	11 Sep	18 Sep	25 Sep	2 Oct	9 Oct
Trend	21	8	6	6	1	0	1	6	0	0	0	0	0	0	0	0	0	0	0	2	49	18	8	19	21	46
Momentum	39	33	45	40	26	25	28	44	21	21	18	20	23	25	30	42	48	54	59	53	67	77	74	79	51	73
Underlying pressure	22	20	19	18	16	15	15	16	15	15	14	11	12	12	12	13	14	18	24	32	48	61	70	76	75	74
Price & volume	54	44	44	56	30	40	72	49	51	8	46	53	53	45	46	59	52	49	53	58	45	7	36	26	55	78
Relative strength	53	31	27	27	11	6	14	49	2	1	1	1	1	2	1	4	3	4	5	6	59	24	12	18	19	36
Modeled Trend	86	85	83	80	77	74	72	70	69	67	64	62	59	59	58	58	57	57	57	56	56	56	57	58	60	60

Each cell is a finished component score from 0–100. Components can disagree even when the combined reading stays positive.

STRONGEST CURRENT SOURCE

Price & volume

78/100

LEAST SUPPORTIVE SOURCE

Relative strength

36/100

WHAT WOULD CHANGE THE READ?

Three paths to keep in view

Conditional research scenarios.
No assumed price target or timing.

Continuation

Price and evidence stay together

Look for the current direction to hold across trend, pressure and relative strength. A rising price with weaker EMD is a less convincing continuation.

Change of direction

Watch for loss of support

If price keeps rising while EMD falls, inspect which readings are weakening. Broad deterioration matters more than a single soft week.

Cycle context

A range extreme is a location

An upper zone can persist during a strong advance; a lower zone can persist during a decline. Use departures, EMD direction and the related price charts together.

EARLIER COMPARABLE READINGS

What followed similar conditions?

Same ticker · similar score and direction of change.
Returns exclude costs and dividends.

4 WEEKS LATER+4.3%

Median price return · 10 non-overlapping examples

Observed range: -12.9% to +48.0%
Positive returns: 70%
All-period comparison: +0.0% median

13 WEEKS LATER+24.9%

Median price return · 4 non-overlapping examples

Observed range: -0.5% to +53.0%
Positive returns: 75%
All-period comparison: -0.7% median

How these comparisons are selected

Earlier observations must have the same constructive/fading/repair/deterioration condition, a score within ten points of today’s score and at least the same component coverage. The first 30 observations are omitted for warm-up; examples are spaced by the forward horizon to avoid overlap. Gapped return windows are excluded. The all-period comparison uses the same available history and spacing, without matching the current state. These are reconstructed observations, not a point-in-time strategy backtest or a forecast.

RECENT CYCLE HISTORY

How the current reading developed

12 Jun 2026Down-cycle confirmedCNY 3.99

22 May 2026Down-cycle confirmedCNY 4.38

3 Oct 2025Down-cycle confirmedCNY 3.95

20 Jun 2025Down-cycle confirmedCNY 3.73

10 Jan 2025Down-cycle confirmedCNY 3.45

13 Dec 2024Upper cycle zone confirmedCNY 4.63

6 Sep 2024Up-cycle confirmedCNY 2.66

19 Apr 2024Lower cycle zone confirmedCNY 2.74

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Cycle states use trailing completed-week observations.

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

Upward journey

Price leaves the lower zone while EMD confirms improving participation. The objective is the broader move toward the upper zone, not a short weekly trade.

Upper zone

Price establishes residence near the top of its long-cycle range. A high range position can persist. Watch EMD for exhaustion and loss of support before interpreting it as a turn.

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS