SHZ ยท EQUITY ยท ENHANCED MARKET DYNAMICS

000988

HGTECH Company Limited

CN ยท Industrials ยท Electrical Equipment & Parts

EMD SCORE33/100

CURRENT COMPLETED-WEEK READ

Cautious

The balance of evidence is weakening and risk control deserves more attention. Conditions are cautious and have weakened over the latest four completed weeks.

Deterioration67% directional agreement89% evidence confidence
Completed week
4 Sep 2026
Latest close
CNY 95.60
Evidence
156 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

1 supportive ยท 5 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
25 Aug 2023โ€“4 Sep 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท CNY +100+500-50-100 186.72101.1515.59 25 Aug 2023 ยท EMD 54/100 ยท close 28.85 1 Sep 2023 ยท EMD 59/100 ยท close 30.52 8 Sep 2023 ยท EMD 50/100 ยท close 29.71 15 Sep 2023 ยท EMD 52/100 ยท close 31.21 22 Sep 2023 ยท EMD 62/100 ยท close 32.61 29 Sep 2023 ยท EMD 61/100 ยท close 33.35 13 Oct 2023 ยท EMD 54/100 ยท close 31.98 20 Oct 2023 ยท EMD 45/100 ยท close 27.29 27 Oct 2023 ยท EMD 47/100 ยท close 27.32 3 Nov 2023 ยท EMD 47/100 ยท close 28.33 10 Nov 2023 ยท EMD 47/100 ยท close 29.68 17 Nov 2023 ยท EMD 54/100 ยท close 30.74 24 Nov 2023 ยท EMD 50/100 ยท close 29.97 1 Dec 2023 ยท EMD 54/100 ยท close 30.47 8 Dec 2023 ยท EMD 59/100 ยท close 32.27 15 Dec 2023 ยท EMD 51/100 ยท close 30.87 22 Dec 2023 ยท EMD 48/100 ยท close 28.93 29 Dec 2023 ยท EMD 50/100 ยท close 29.47 5 Jan 2024 ยท EMD 44/100 ยท close 27.65 12 Jan 2024 ยท EMD 41/100 ยท close 26.58 19 Jan 2024 ยท EMD 45/100 ยท close 26.70 26 Jan 2024 ยท EMD 49/100 ยท close 28.02 2 Feb 2024 ยท EMD 41/100 ยท close 24.76 9 Feb 2024 ยท EMD 49/100 ยท close 27.55 23 Feb 2024 ยท EMD 55/100 ยท close 29.75 1 Mar 2024 ยท EMD 73/100 ยท close 33.37 8 Mar 2024 ยท EMD 74/100 ยท close 34.31 15 Mar 2024 ยท EMD 74/100 ยท close 34.59 22 Mar 2024 ยท EMD 74/100 ยท close 33.99 29 Mar 2024 ยท EMD 81/100 ยท close 33.47 5 Apr 2024 ยท EMD 72/100 ยท close 33.63 12 Apr 2024 ยท EMD 75/100 ยท close 32.32 19 Apr 2024 ยท EMD 67/100 ยท close 31.17 26 Apr 2024 ยท EMD 80/100 ยท close 33.20 3 May 2024 ยท EMD 75/100 ยท close 33.32 10 May 2024 ยท EMD 64/100 ยท close 31.37 17 May 2024 ยท EMD 70/100 ยท close 31.58 24 May 2024 ยท EMD 54/100 ยท close 29.94 31 May 2024 ยท EMD 51/100 ยท close 29.67 7 Jun 2024 ยท EMD 42/100 ยท close 28.88 14 Jun 2024 ยท EMD 51/100 ยท close 30.64 21 Jun 2024 ยท EMD 50/100 ยท close 30.20 28 Jun 2024 ยท EMD 50/100 ยท close 29.79 5 Jul 2024 ยท EMD 48/100 ยท close 29.14 12 Jul 2024 ยท EMD 51/100 ยท close 30.24 19 Jul 2024 ยท EMD 44/100 ยท close 29.01 26 Jul 2024 ยท EMD 40/100 ยท close 27.97 2 Aug 2024 ยท EMD 45/100 ยท close 28.60 9 Aug 2024 ยท EMD 45/100 ยท close 28.50 16 Aug 2024 ยท EMD 48/100 ยท close 29.25 23 Aug 2024 ยท EMD 48/100 ยท close 29.18 30 Aug 2024 ยท EMD 52/100 ยท close 29.75 6 Sep 2024 ยท EMD 49/100 ยท close 29.08 13 Sep 2024 ยท EMD 45/100 ยท close 28.32 20 Sep 2024 ยท EMD 45/100 ยท close 28.10 27 Sep 2024 ยท EMD 58/100 ยท close 31.91 4 Oct 2024 ยท EMD 64/100 ยท close 34.76 11 Oct 2024 ยท EMD 55/100 ยท close 32.87 18 Oct 2024 ยท EMD 73/100 ยท close 34.10 25 Oct 2024 ยท EMD 86/100 ยท close 36.70 1 Nov 2024 ยท EMD 75/100 ยท close 37.33 8 Nov 2024 ยท EMD 87/100 ยท close 39.62 15 Nov 2024 ยท EMD 71/100 ยท close 37.38 22 Nov 2024 ยท EMD 70/100 ยท close 35.44 29 Nov 2024 ยท EMD 75/100 ยท close 35.55 6 Dec 2024 ยท EMD 78/100 ยท close 37.23 13 Dec 2024 ยท EMD 73/100 ยท close 37.50 20 Dec 2024 ยท EMD 88/100 ยท close 40.58 27 Dec 2024 ยท EMD 88/100 ยท close 42.78 3 Jan 2025 ยท EMD 78/100 ยท close 39.35 10 Jan 2025 ยท EMD 78/100 ยท close 38.73 17 Jan 2025 ยท EMD 82/100 ยท close 39.67 24 Jan 2025 ยท EMD 82/100 ยท close 42.01 31 Jan 2025 ยท EMD 76/100 ยท close 39.12 7 Feb 2025 ยท EMD 80/100 ยท close 41.02 14 Feb 2025 ยท EMD 82/100 ยท close 42.38 21 Feb 2025 ยท EMD 90/100 ยท close 48.97 28 Feb 2025 ยท EMD 80/100 ยท close 44.20 7 Mar 2025 ยท EMD 88/100 ยท close 45.59 14 Mar 2025 ยท EMD 83/100 ยท close 44.49 21 Mar 2025 ยท EMD 73/100 ยท close 43.31 28 Mar 2025 ยท EMD 67/100 ยท close 41.00 4 Apr 2025 ยท EMD 60/100 ยท close 39.66 11 Apr 2025 ยท EMD 58/100 ยท close 37.36 18 Apr 2025 ยท EMD 52/100 ยท close 38.25 25 Apr 2025 ยท EMD 55/100 ยท close 39.69 2 May 2025 ยท EMD 57/100 ยท close 40.36 9 May 2025 ยท EMD 70/100 ยท close 42.70 16 May 2025 ยท EMD 65/100 ยท close 42.71 23 May 2025 ยท EMD 62/100 ยท close 41.67 30 May 2025 ยท EMD 65/100 ยท close 42.00 6 Jun 2025 ยท EMD 72/100 ยท close 44.56 13 Jun 2025 ยท EMD 71/100 ยท close 44.82 20 Jun 2025 ยท EMD 69/100 ยท close 44.03 27 Jun 2025 ยท EMD 82/100 ยท close 46.33 4 Jul 2025 ยท EMD 73/100 ยท close 45.15 11 Jul 2025 ยท EMD 82/100 ยท close 46.34 18 Jul 2025 ยท EMD 87/100 ยท close 48.82 25 Jul 2025 ยท EMD 76/100 ยท close 47.85 1 Aug 2025 ยท EMD 81/100 ยท close 50.08 8 Aug 2025 ยท EMD 79/100 ยท close 49.43 15 Aug 2025 ยท EMD 85/100 ยท close 51.52 22 Aug 2025 ยท EMD 94/100 ยท close 58.63 29 Aug 2025 ยท EMD 96/100 ยท close 68.42 5 Sep 2025 ยท EMD 82/100 ยท close 67.54 12 Sep 2025 ยท EMD 95/100 ยท close 77.09 19 Sep 2025 ยท EMD 95/100 ยท close 91.12 26 Sep 2025 ยท EMD 89/100 ยท close 92.20 3 Oct 2025 ยท EMD 84/100 ยท close 92.48 10 Oct 2025 ยท EMD 83/100 ยท close 85.24 17 Oct 2025 ยท EMD 77/100 ยท close 77.50 24 Oct 2025 ยท EMD 82/100 ยท close 81.02 31 Oct 2025 ยท EMD 75/100 ยท close 79.82 7 Nov 2025 ยท EMD 81/100 ยท close 77.42 14 Nov 2025 ยท EMD 74/100 ยท close 71.31 21 Nov 2025 ยท EMD 70/100 ยท close 67.88 28 Nov 2025 ยท EMD 70/100 ยท close 72.83 5 Dec 2025 ยท EMD 72/100 ยท close 74.88 12 Dec 2025 ยท EMD 69/100 ยท close 78.18 19 Dec 2025 ยท EMD 70/100 ยท close 75.00 26 Dec 2025 ยท EMD 73/100 ยท close 80.68 2 Jan 2026 ยท EMD 68/100 ยท close 79.33 9 Jan 2026 ยท EMD 74/100 ยท close 83.03 16 Jan 2026 ยท EMD 77/100 ยท close 82.59 23 Jan 2026 ยท EMD 66/100 ยท close 78.23 30 Jan 2026 ยท EMD 70/100 ยท close 77.41 6 Feb 2026 ยท EMD 57/100 ยท close 73.92 13 Feb 2026 ยท EMD 57/100 ยท close 74.93 27 Feb 2026 ยท EMD 80/100 ยท close 89.86 6 Mar 2026 ยท EMD 91/100 ยท close 114.78 13 Mar 2026 ยท EMD 81/100 ยท close 118.69 20 Mar 2026 ยท EMD 83/100 ยท close 116.08 27 Mar 2026 ยท EMD 88/100 ยท close 109.50 3 Apr 2026 ยท EMD 82/100 ยท close 103.54 10 Apr 2026 ยท EMD 87/100 ยท close 115.73 17 Apr 2026 ยท EMD 85/100 ยท close 116.49 24 Apr 2026 ยท EMD 81/100 ยท close 115.13 1 May 2026 ยท EMD 89/100 ยท close 119.33 8 May 2026 ยท EMD 90/100 ยท close 136.46 15 May 2026 ยท EMD 82/100 ยท close 133.76 22 May 2026 ยท EMD 89/100 ยท close 156.05 29 May 2026 ยท EMD 83/100 ยท close 151.67 5 Jun 2026 ยท EMD 88/100 ยท close 156.94 12 Jun 2026 ยท EMD 87/100 ยท close 151.01 19 Jun 2026 ยท EMD 90/100 ยท close 177.55 26 Jun 2026 ยท EMD 86/100 ยท close 160.94 3 Jul 2026 ยท EMD 84/100 ยท close 153.95 10 Jul 2026 ยท EMD 85/100 ยท close 158.07 17 Jul 2026 ยท EMD 70/100 ยท close 117.62 24 Jul 2026 ยท EMD 57/100 ยท close 108.19 31 Jul 2026 ยท EMD 41/100 ยท close 95.37 7 Aug 2026 ยท EMD 51/100 ยท close 106.60 14 Aug 2026 ยท EMD 52/100 ยท close 109.79 21 Aug 2026 ยท EMD 46/100 ยท close 106.78 28 Aug 2026 ยท EMD 46/100 ยท close 102.93 4 Sep 2026 ยท EMD 33/100 ยท close 95.60 1 Nov 2024 ยท Up-cycle confirmed ยท close 37.33 13 Dec 2024 ยท Up-cycle confirmed ยท close 37.50 26 Jun 2026 ยท Down-cycle confirmed ยท close 160.94 25 Aug 20237 Mar 20254 Sep 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 81%Current EMD -34.34-week EMD change -35.9156-week price range CNY 24.76โ€“177.55

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Each state uses completed-week information available at that point.

01

Lower zone

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

02

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.

03

Upper zone

Price establishes residence near the top of its long-cycle range. This is the profit-harvest area, with EMD watched for exhaustion and loss of support.

04

Downward journey

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

CURRENT READINGS

What the latest week shows

Completed-week values

01

Underlying pressure

20/100-1.08

Cautious pressure beneath price
4-week change +0.27

02

Trend and deviation

0/100-21.4% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

30/1004w -10.3% ยท 13w -39.1%

Momentum is applying downside pressure
SMI 0.47

04

Price-volume pressure

15/10015% constructive pressure

Volume is leaning against the close
Volume ratio 2.16x

05

Relative leadership

38/100-2.96

The ticker is lagging its benchmark
4-week change -8.10

06

Modeled Trend

84/100Modeled Trend 0.62

Modeled Trend is supportive
Smoothed Modeled Trend 0.62

Evidence context