SHZ · EQUITY · ENHANCED MARKET DYNAMICS

001379

Shandong Tengda Fasten Tech. Co., Ltd.

CN · Industrials · Tools & Accessories

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EMD SCORE36/100

CURRENT COMPLETED-WEEK READ

Cautious

The balance of evidence is weakening and risk control deserves more attention. Conditions remain cautious, although the latest readings are improving.

Early repair50% directional agreement84/100 evidence quality6/6 sources available

Completed week: 2 Oct 2026
Latest close: CNY 15.75
Evidence: 140 weeks

Four-week EMD change+10.8 pts

signed chart scale −100 to +100

Four-week price-2.3%

completed closing prices

Current directional run29 weeks

on the same side of EMD zero

Recent consistency0/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

0 supportive · 3 cautious

Enhanced Market Dynamics and the price cycle140 completed weeks · bars use the left EMD axis; price uses the right axis.

19 Jan 2024–2 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 10%Current EMD -27.54-week EMD change +10.8Full saved history price range CNY 12.49–32.39

View chart values · 140 observations

Week	Close · CNY	EMD −100 to +100	Score /100	Agreement %	Coverage %
2024-01-19	23.77	-28.3	36	33	50
2024-01-26	22.93	-18.44	41	0	50
2024-02-02	16.77	-28.97	36	33	50
2024-02-09	14.75	-16.89	42	33	67
2024-02-23	17.83	-14.9	43	0	67
2024-03-01	16.78	-29.97	35	50	67
2024-03-08	17.38	-9.35	45	33	67
2024-03-15	17.61	-6.03	47	33	67
2024-03-22	17.02	-26.77	37	50	67
2024-03-29	15.93	-29.58	35	100	67
2024-04-05	15.89	-32.18	34	100	67
2024-04-12	17.78	-11.0	44	0	67
2024-04-19	15.09	-40.51	30	100	67
2024-04-26	15.16	-32.27	34	100	67
2024-05-03	15.28	-34.16	33	100	67
2024-05-10	15.90	-31.58	34	100	67
2024-05-17	15.65	-10.2	45	0	67
2024-05-24	15.43	-31.38	34	100	67
2024-05-31	15.42	-22.15	39	100	67
2024-06-07	14.39	-39.31	30	100	67
2024-06-14	14.57	-30.78	35	100	67
2024-06-21	14.04	-37.99	31	100	67
2024-06-28	13.59	-34.87	33	100	67
2024-07-05	13.07	-37.2	31	100	67
2024-07-12	13.04	-33.85	33	100	67
2024-07-19	12.49	-36.34	32	50	67
2024-07-26	20.11	19.22	60	50	67
2024-08-02	32.39	22.53	61	50	67
2024-08-09	26.20	0.45	50	20	83
2024-08-16	25.96	48.42	74	60	83
2024-08-23	23.86	42.49	71	60	83
2024-08-30	23.96	61.58	81	100	83
2024-09-06	23.26	54.84	77	100	83
2024-09-13	21.58	42.0	71	60	83
2024-09-20	21.50	52.02	76	100	83
2024-09-27	23.41	59.1	80	100	83
2024-10-04	25.66	64.37	82	100	83
2024-10-11	20.88	41.24	71	60	83
2024-10-18	22.50	60.61	80	100	83
2024-10-25	23.14	40.55	70	60	83
2024-11-01	24.65	30.64	65	50	83
2024-11-08	29.92	66.8	83	100	83
2024-11-15	26.38	40.05	70	60	83
2024-11-22	25.32	40.4	70	60	83
2024-11-29	23.60	39.58	70	100	83
2024-12-06	23.76	35.98	68	100	83
2024-12-13	24.29	35.95	68	100	83
2024-12-20	23.09	22.78	61	33	83
2024-12-27	24.17	33.44	67	60	83
2025-01-03	20.22	-6.07	47	60	83
2025-01-10	19.42	-21.92	39	60	83
2025-01-17	19.98	-25.07	37	60	100
2025-01-24	21.18	-19.95	40	60	100
2025-01-31	20.89	-17.27	41	50	100
2025-02-07	21.90	-9.41	45	0	100
2025-02-14	21.45	-23.97	38	60	100
2025-02-21	21.71	-16.65	42	20	100
2025-02-28	21.10	-32.09	34	60	100
2025-03-07	21.69	-19.31	40	50	100
2025-03-14	22.00	-13.63	43	20	100
2025-03-21	24.65	25.58	63	67	100
2025-03-28	21.35	-27.93	36	50	100
2025-04-04	20.60	-17.26	41	33	100
2025-04-11	17.92	-23.52	38	20	100
2025-04-18	18.27	-32.82	34	60	100
2025-04-25	18.76	-36.28	32	60	100
2025-05-02	18.95	-34.83	33	60	100
2025-05-09	19.93	-21.75	39	20	100
2025-05-16	20.17	-24.01	38	33	100
2025-05-23	19.86	-26.59	37	33	100
2025-05-30	20.00	-24.24	38	33	100
2025-06-06	21.78	-0.49	50	0	100
2025-06-13	20.69	-27.47	36	50	100
2025-06-20	19.48	-32.22	34	60	100
2025-06-27	20.27	-11.85	44	0	100
2025-07-04	20.28	-26.67	37	60	100
2025-07-11	20.40	-14.86	43	20	100
2025-07-18	20.77	-5.79	47	0	100
2025-07-25	20.97	-3.79	48	20	100
2025-08-01	20.51	-6.73	47	0	100
2025-08-08	22.57	21.76	61	67	100
2025-08-15	22.44	15.06	58	60	100
2025-08-22	22.17	3.16	52	20	100
2025-08-29	21.33	0.18	50	0	100
2025-09-05	20.61	4.9	52	20	100
2025-09-12	20.86	3.76	52	20	100
2025-09-19	20.70	2.07	51	33	100
2025-09-26	20.46	-4.86	48	20	100
2025-10-03	20.10	-15.18	42	50	100
2025-10-10	20.93	-6.38	47	20	100
2025-10-17	21.59	11.02	56	20	100
2025-10-24	23.20	21.53	61	33	100
2025-10-31	23.19	26.71	63	33	100
2025-11-07	24.11	41.34	71	67	100
2025-11-14	22.64	19.99	60	33	100
2025-11-21	20.63	1.82	51	0	100
2025-11-28	22.09	21.8	61	60	100
2025-12-05	23.16	29.63	65	67	100
2025-12-12	22.96	24.92	62	60	100
2025-12-19	25.62	68.5	84	100	100
2025-12-26	24.29	33.28	67	33	100
2026-01-02	23.56	35.02	68	60	100
2026-01-09	24.90	48.33	74	67	100
2026-01-16	24.00	24.47	62	33	100
2026-01-23	25.50	43.98	72	67	100
2026-01-30	24.28	26.4	63	33	100
2026-02-06	24.19	28.75	64	60	100
2026-02-13	23.86	21.59	61	33	100
2026-02-27	24.86	31.76	66	67	100
2026-03-06	23.66	17.71	59	50	100
2026-03-13	22.97	0.77	50	20	100
2026-03-20	21.48	-11.0	45	50	100
2026-03-27	21.20	-24.7	38	60	100
2026-04-03	20.30	-33.6	33	67	100
2026-04-10	21.25	-27.55	36	60	100
2026-04-17	21.54	-25.77	37	50	100
2026-04-24	20.57	-36.0	32	67	100
2026-05-01	21.85	-16.27	42	0	100
2026-05-08	22.29	-20.68	40	20	100
2026-05-15	21.36	-36.52	32	67	100
2026-05-22	21.47	-19.51	40	20	100
2026-05-29	18.79	-50.54	25	67	100
2026-06-05	18.26	-43.13	28	60	100
2026-06-12	17.23	-45.4	27	60	100
2026-06-19	16.94	-48.9	26	60	100
2026-06-26	15.68	-48.98	26	60	100
2026-07-03	16.36	-45.49	27	60	100
2026-07-10	15.66	-47.05	26	60	100
2026-07-17	14.95	-49.51	25	60	100
2026-07-24	14.20	-52.37	24	67	100
2026-07-31	14.95	-53.19	23	100	100
2026-08-07	15.72	-40.53	30	60	100
2026-08-14	16.03	-46.41	27	100	100
2026-08-21	16.10	-44.08	28	100	100
2026-08-28	16.07	-32.83	34	50	100
2026-09-04	16.12	-38.31	31	60	100
2026-09-11	15.55	-49.42	25	100	100
2026-09-18	15.56	-29.04	35	50	100
2026-09-25	15.76	-23.21	38	33	100
2026-10-02	15.75	-27.53	36	50	100

SIX SOURCES · LAST 26 OBSERVATIONS

Is support broadening or thinning?

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

Reading	10 Apr	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
Trend	11	13	5	17	22	10	11	1	1	0	0	0	0	0	0	0	0	0	0	1	1	1	1	1	2	3
Momentum	42	50	42	57	56	43	52	22	21	20	21	20	25	23	20	22	22	36	47	52	52	48	40	41	50	46
Underlying pressure	12	12	12	15	18	19	23	21	16	12	8	6	7	7	7	6	6	6	6	9	13	25	38	47	54	54
Price & volume	55	52	42	64	47	34	67	22	52	52	44	47	54	51	47	41	55	66	51	50	62	37	14	50	48	38
Relative strength	6	5	3	5	5	3	4	1	1	1	0	0	0	0	1	0	1	1	1	2	2	4	3	3	4	7
Modeled Trend	82	78	76	74	71	69	68	66	64	63	61	61	60	59	58	57	56	55	55	55	56	56	56	57	57	57

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

STRONGEST CURRENT SOURCE

Modeled Trend

57/100

LEAST SUPPORTIVE SOURCE

Trend

3/100

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

Further price weakness alongside cautious trend, pressure and relative strength would support the current defensive read.

Change of direction

Repair needs follow-through

Improving EMD while price still falls is an early observation. A turn in price and broader agreement would strengthen a repair case.

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-1.6%

Median price return · 8 non-overlapping examples

Observed range: -18.5% to +9.3%
Positive returns: 38%
All-period comparison: +0.2% median

13 WEEKS LATER-9.0%

Median price return · 3 non-overlapping examples

Observed range: -31.6% to +13.3%
Positive returns: 33%
All-period comparison: -8.5% 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

19 Jun 2026Lower cycle zone confirmedCNY 16.94

6 Mar 2026Down-cycle confirmedCNY 23.66

6 Dec 2024Down-cycle confirmedCNY 23.76

25 Oct 2024Down-cycle confirmedCNY 23.14

13 Sep 2024Down-cycle confirmedCNY 21.58

2 Aug 2024Upper cycle zone confirmedCNY 32.39

26 Jul 2024Up-cycle confirmedCNY 20.11

19 Jul 2024Lower cycle zone confirmedCNY 12.49

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