SHH · EQUITY · ENHANCED MARKET DYNAMICS

600250

Nanjing Business & Tourism Corp.,Ltd.

CN · Industrials · Conglomerates

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EMD SCORE44/100

CURRENT COMPLETED-WEEK READ

Balanced

Constructive and cautious evidence are close enough to require confirmation. Conditions remain cautious, although the latest readings are improving.

Early repair20% directional agreement74/100 evidence quality6/6 sources available

Completed week: 9 Oct 2026
Latest close: CNY 8.80
Evidence: 156 weeks

Four-week EMD change+0.5 pts

signed chart scale −100 to +100

Four-week price-6.5%

completed closing prices

Current directional run5 weeks

on the same side of EMD zero

Recent consistency1/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

3 supportive · 2 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 27%Current EMD -12.24-week EMD change +0.5Full saved history price range CNY 5.95–15.24

View chart values · 156 observations

Week	Close · CNY	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-09-29	6.43	31.97	66	60	83
2023-10-13	6.00	3.25	52	0	83
2023-10-20	5.95	-4.95	48	20	83
2023-10-27	6.26	14.2	57	33	100
2023-11-03	6.66	39.28	70	67	100
2023-11-10	6.68	39.46	70	60	100
2023-11-17	7.07	58.48	79	100	100
2023-11-24	7.22	63.25	82	100	100
2023-12-01	10.65	86.96	93	100	100
2023-12-08	14.27	82.65	91	100	100
2023-12-15	15.24	65.28	83	67	100
2023-12-22	11.47	53.04	77	67	100
2023-12-29	11.81	75.46	88	100	100
2024-01-05	10.75	45.78	73	67	100
2024-01-12	10.85	43.4	72	67	100
2024-01-19	10.29	47.38	74	67	100
2024-01-26	10.13	63.01	82	100	100
2024-02-02	8.38	39.63	70	67	100
2024-02-09	6.56	1.29	51	50	100
2024-02-23	8.16	19.51	60	20	100
2024-03-01	8.37	15.32	58	0	100
2024-03-08	8.27	7.17	54	33	100
2024-03-15	8.85	26.14	63	60	100
2024-03-22	9.99	45.12	73	67	100
2024-03-29	8.85	22.13	61	20	100
2024-04-05	10.04	46.38	73	67	100
2024-04-12	10.80	60.52	80	100	100
2024-04-19	7.95	-3.79	48	20	100
2024-04-26	7.95	-9.77	45	50	100
2024-05-03	8.38	-5.38	47	20	100
2024-05-10	8.29	-14.1	43	50	100
2024-05-17	8.77	10.97	55	33	100
2024-05-24	8.15	-12.58	44	20	100
2024-05-31	8.15	-14.33	43	33	83
2024-06-07	8.15	-14.42	43	33	83
2024-06-14	7.82	-29.25	35	67	100
2024-06-21	7.10	-41.26	29	67	100
2024-06-28	7.90	-18.08	41	20	100
2024-07-05	7.21	-43.9	28	67	100
2024-07-12	8.03	-15.32	42	20	100
2024-07-19	8.48	-3.75	48	20	100
2024-07-26	7.75	-26.13	37	60	100
2024-08-02	8.08	-6.65	47	0	100
2024-08-09	8.38	-5.62	47	20	100
2024-08-16	7.84	-18.53	41	50	100
2024-08-23	7.30	-28.28	36	60	100
2024-08-30	7.75	-13.56	43	33	100
2024-09-06	7.56	-24.35	38	60	100
2024-09-13	7.60	-18.17	41	50	100
2024-09-20	7.95	2.42	51	33	100
2024-09-27	8.70	17.14	59	50	100
2024-10-04	9.57	30.65	65	100	100
2024-10-11	8.38	-0.78	50	0	100
2024-10-18	8.41	4.71	52	20	100
2024-10-25	8.87	19.17	60	67	100
2024-11-01	10.61	67.96	84	100	100
2024-11-08	10.68	44.84	72	67	100
2024-11-15	9.56	32.45	66	33	100
2024-11-22	9.56	55.04	78	60	83
2024-11-29	10.47	46.28	73	67	100
2024-12-06	10.59	47.16	74	67	100
2024-12-13	11.66	76.99	88	100	100
2024-12-20	10.27	51.0	76	67	100
2024-12-27	9.47	33.33	67	60	100
2025-01-03	8.61	8.27	54	0	100
2025-01-10	8.31	-0.45	50	33	100
2025-01-17	9.09	14.95	57	33	100
2025-01-24	8.91	-3.68	48	50	100
2025-01-31	8.78	-6.93	47	50	100
2025-02-07	8.97	-0.06	50	20	100
2025-02-14	8.92	-11.58	44	60	100
2025-02-21	8.59	-20.96	40	60	100
2025-02-28	8.47	-25.63	37	67	100
2025-03-07	8.43	-30.2	35	67	100
2025-03-14	8.80	-12.23	44	33	100
2025-03-21	8.82	-18.29	41	60	100
2025-03-28	9.11	-9.31	45	33	100
2025-04-04	9.47	19.76	60	60	100
2025-04-11	8.50	-4.66	48	0	100
2025-04-18	9.97	36.96	68	100	100
2025-04-25	9.28	5.63	53	33	100
2025-05-02	8.32	-21.45	39	33	100
2025-05-09	8.58	-8.4	46	0	100
2025-05-16	8.64	-22.26	39	60	100
2025-05-23	8.61	-29.34	35	67	100
2025-05-30	8.63	-15.25	42	33	100
2025-06-06	10.15	42.47	71	100	100
2025-06-13	12.67	55.08	78	100	100
2025-06-20	10.57	36.84	68	67	100
2025-06-27	12.28	76.8	88	100	100
2025-07-04	12.90	73.31	87	100	100
2025-07-11	14.27	78.46	89	100	100
2025-07-18	13.09	62.27	81	67	100
2025-07-25	11.87	54.43	77	67	100
2025-08-01	11.40	49.27	75	67	100
2025-08-08	11.40	53.99	77	100	100
2025-08-15	11.42	47.85	74	100	100
2025-08-22	12.03	55.32	78	100	100
2025-08-29	12.07	58.29	79	100	100
2025-09-05	12.47	52.16	76	67	100
2025-09-12	12.85	60.79	80	100	100
2025-09-19	12.53	56.46	78	100	100
2025-09-26	10.89	8.6	54	20	100
2025-10-03	11.10	9.29	55	20	100
2025-10-10	10.65	-4.95	48	20	100
2025-10-17	10.32	-22.31	39	60	100
2025-10-24	10.64	-15.39	42	50	100
2025-10-31	11.11	-1.15	49	0	100
2025-11-07	10.62	-16.45	42	50	100
2025-11-14	10.89	-6.62	47	20	100
2025-11-21	10.31	-28.95	36	67	100
2025-11-28	10.56	-18.66	41	60	100
2025-12-05	10.22	-27.61	36	60	100
2025-12-12	12.50	27.3	64	67	100
2025-12-19	14.60	49.88	75	100	100
2025-12-26	11.85	11.38	56	33	100
2026-01-02	11.51	14.05	57	50	100
2026-01-09	11.77	17.82	59	33	100
2026-01-16	11.83	-0.06	50	20	100
2026-01-23	11.93	8.95	54	20	100
2026-01-30	11.43	-1.89	49	20	100
2026-02-06	11.43	-0.11	50	0	100
2026-02-13	11.22	-6.88	47	33	100
2026-02-27	11.44	-2.01	49	20	100
2026-03-06	11.20	-3.52	48	0	100
2026-03-13	11.36	-2.56	49	20	100
2026-03-20	11.60	2.9	51	0	100
2026-03-27	12.91	58.63	79	100	100
2026-04-03	12.37	25.92	63	67	100
2026-04-10	12.51	33.1	67	67	100
2026-04-17	11.51	15.75	58	33	100
2026-04-24	10.99	-5.54	47	20	100
2026-05-01	10.91	-13.4	43	50	100
2026-05-08	10.58	-26.2	37	60	100
2026-05-15	9.94	-37.54	31	67	100
2026-05-22	9.59	-36.79	32	67	100
2026-05-29	9.29	-37.27	31	60	100
2026-06-05	9.15	-38.12	31	60	100
2026-06-12	8.82	-40.49	30	60	100
2026-06-19	8.26	-47.34	26	67	100
2026-06-26	7.78	-47.21	26	60	100
2026-07-03	8.10	-46.03	27	60	100
2026-07-10	7.90	-46.35	27	60	100
2026-07-17	7.83	-47.21	26	60	100
2026-07-24	7.58	-48.8	26	67	100
2026-07-31	8.38	-32.69	34	33	100
2026-08-07	8.35	-37.36	31	50	100
2026-08-14	8.49	-34.17	33	50	100
2026-08-21	9.15	-34.76	33	33	100
2026-08-28	9.97	-5.49	47	20	100
2026-09-04	9.81	3.89	52	33	100
2026-09-11	9.41	-12.75	44	0	100
2026-09-18	9.00	-12.86	44	20	100
2026-09-25	9.07	-13.61	43	20	100
2026-10-02	8.75	-20.52	40	20	100
2026-10-09	8.80	-12.25	44	20	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	68	53	15	9	3	1	1	1	0	0	0	0	0	0	0	1	1	1	6	31	27	15	7	10	6	8
Momentum	57	39	39	38	35	34	31	30	28	23	20	21	21	26	30	42	46	52	64	73	74	71	56	51	45	51
Underlying pressure	74	61	45	25	18	16	15	14	13	12	10	10	9	9	9	10	12	17	31	47	60	70	71	69	64	58
Price & volume	43	23	55	48	34	44	49	51	51	42	47	52	54	46	42	67	52	50	3	42	69	12	45	42	33	60
Relative strength	29	16	13	7	4	3	2	2	1	1	0	1	1	1	1	3	2	3	11	28	26	19	11	15	11	14
Modeled Trend	86	86	86	85	83	80	76	73	69	66	63	61	59	57	57	56	56	57	57	57	59	60	60	60	61	62

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

62/100

LEAST SUPPORTIVE SOURCE

Trend

8/100

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+11.7%

Median price return · 10 non-overlapping examples

Observed range: -9.8% to +42.3%
Positive returns: 70%
All-period comparison: -1.9% median

13 WEEKS LATER+3.0%

Median price return · 5 non-overlapping examples

Observed range: -4.3% to +39.9%
Positive returns: 60%
All-period comparison: +1.1% 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

31 Jul 2026Up-cycle confirmedCNY 8.38

3 Jul 2026Lower cycle zone confirmedCNY 8.10

24 Apr 2026Down-cycle confirmedCNY 10.99

13 Feb 2026Down-cycle confirmedCNY 11.22

10 Oct 2025Down-cycle confirmedCNY 10.65

27 Dec 2024Down-cycle confirmedCNY 9.47

8 Nov 2024Upper cycle zone confirmedCNY 10.68

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