SHH · EQUITY · ENHANCED MARKET DYNAMICS

601699

Shanxi Lu'an Environmental Energy Development Co., Ltd.

CN · Energy · Thermal Coal

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EMD SCORE59/100

CURRENT COMPLETED-WEEK READ

Constructive

The balance of evidence is supportive, with some confirmation still incomplete. Conditions remain positive, but momentum has eased.

Constructive fade20% directional agreement74/100 evidence quality6/6 sources available

Completed week: 25 Sep 2026
Latest close: CNY 15.35
Evidence: 156 weeks

Four-week EMD change-46.8 pts

signed chart scale −100 to +100

Four-week price-10.2%

completed closing prices

Current directional run23 weeks

on the same side of EMD zero

Recent consistency13/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

3 supportive · 1 cautious

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

15 Sep 2023–25 Sep 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 52%Current EMD +18.04-week EMD change -46.8Full saved history price range CNY 10.33–24.93

View chart values · 156 observations

Week	Close · CNY	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-09-15	17.01	44.63	72	100	83
2023-09-22	17.06	46.24	73	100	83
2023-09-29	16.94	54.08	77	60	83
2023-10-13	16.70	59.55	80	100	100
2023-10-20	16.69	47.33	74	67	100
2023-10-27	16.93	57.34	79	100	100
2023-11-03	17.10	61.62	81	100	100
2023-11-10	17.95	74.59	87	100	100
2023-11-17	18.25	72.38	86	100	100
2023-11-24	18.38	70.6	85	100	100
2023-12-01	19.67	79.69	90	100	100
2023-12-08	19.03	56.36	78	67	100
2023-12-15	20.08	76.36	88	100	100
2023-12-22	20.25	73.19	87	100	100
2023-12-29	19.54	56.83	78	67	100
2024-01-05	20.68	77.7	89	100	100
2024-01-12	20.15	60.09	80	67	100
2024-01-19	19.41	55.11	78	67	100
2024-01-26	20.91	77.76	89	100	100
2024-02-02	21.06	68.03	84	100	100
2024-02-09	21.06	69.57	85	100	100
2024-02-23	22.87	81.59	91	100	100
2024-03-01	23.66	80.12	90	100	100
2024-03-08	24.93	78.8	89	100	100
2024-03-15	21.03	49.15	75	67	100
2024-03-22	20.23	44.64	72	60	100
2024-03-29	18.45	17.53	59	20	100
2024-04-05	19.09	26.77	63	33	100
2024-04-12	19.41	13.04	57	20	100
2024-04-19	21.24	43.67	72	67	100
2024-04-26	18.62	-3.0	48	0	100
2024-05-03	18.85	1.51	51	0	100
2024-05-10	20.40	21.71	61	60	100
2024-05-17	19.43	-2.03	49	20	100
2024-05-24	20.53	14.81	57	20	100
2024-05-31	20.23	6.59	53	0	100
2024-06-07	19.82	0.01	50	20	100
2024-06-14	19.85	4.95	52	20	100
2024-06-21	19.29	-4.12	48	0	100
2024-06-28	17.45	-27.86	36	67	100
2024-07-05	17.00	-32.73	34	67	100
2024-07-12	15.41	-45.33	27	67	100
2024-07-19	15.34	-45.31	27	67	100
2024-07-26	14.90	-45.54	27	67	100
2024-08-02	14.45	-48.28	26	67	100
2024-08-09	14.41	-43.17	28	60	100
2024-08-16	14.60	-37.55	31	33	100
2024-08-23	13.83	-48.94	26	67	100
2024-08-30	13.76	-46.02	27	60	100
2024-09-06	12.96	-55.3	22	67	100
2024-09-13	12.54	-52.08	24	67	100
2024-09-20	13.29	-38.97	31	33	100
2024-09-27	15.95	-17.24	41	0	100
2024-10-04	16.98	-17.44	41	20	100
2024-10-11	15.58	-29.07	35	33	100
2024-10-18	15.13	-17.2	41	0	100
2024-10-25	15.26	-22.21	39	20	100
2024-11-01	14.11	-33.27	33	33	100
2024-11-08	15.02	-16.42	42	20	100
2024-11-15	14.44	-29.84	35	50	100
2024-11-22	14.15	-34.52	33	60	100
2024-11-29	14.09	-21.82	39	33	100
2024-12-06	14.49	-17.48	41	0	100
2024-12-13	14.27	-26.54	37	20	100
2024-12-20	14.08	-27.89	36	50	100
2024-12-27	13.84	-31.55	34	60	100
2025-01-03	13.66	-34.16	33	60	100
2025-01-10	12.98	-42.85	29	67	100
2025-01-17	13.21	-38.26	31	60	100
2025-01-24	12.09	-49.91	25	67	100
2025-01-31	12.11	-43.93	28	60	100
2025-02-07	12.22	-36.49	32	33	100
2025-02-14	11.95	-48.56	26	67	100
2025-02-21	11.70	-43.39	28	60	100
2025-02-28	11.60	-49.36	25	67	100
2025-03-07	11.60	-42.0	29	60	100
2025-03-14	12.20	-28.49	36	33	100
2025-03-21	12.04	-35.35	32	50	100
2025-03-28	11.71	-45.21	27	67	100
2025-04-04	11.81	-31.2	34	60	100
2025-04-11	11.10	-37.26	31	60	100
2025-04-18	10.99	-43.9	28	67	100
2025-04-25	10.79	-41.63	29	67	100
2025-05-02	10.51	-44.82	28	67	100
2025-05-09	10.59	-40.53	30	60	100
2025-05-16	10.73	-40.23	30	67	100
2025-05-23	10.75	-38.55	31	67	100
2025-05-30	10.33	-41.92	29	67	100
2025-06-06	10.43	-29.41	35	33	100
2025-06-13	10.47	-27.81	36	33	100
2025-06-20	10.33	-43.42	28	67	100
2025-06-27	10.56	-17.7	41	0	100
2025-07-04	10.63	-20.46	40	33	100
2025-07-11	11.01	-9.42	45	33	100
2025-07-18	10.89	-9.87	45	20	100
2025-07-25	14.29	44.58	72	100	100
2025-08-01	13.64	17.68	59	33	100
2025-08-08	14.20	44.62	72	100	100
2025-08-15	13.89	35.99	68	33	100
2025-08-22	13.60	31.13	66	60	100
2025-08-29	12.97	19.92	60	33	100
2025-09-05	13.29	37.21	69	67	100
2025-09-12	13.27	33.74	67	67	100
2025-09-19	15.00	74.01	87	100	100
2025-09-26	14.12	42.51	71	60	100
2025-10-03	14.24	54.83	77	100	100
2025-10-10	14.78	62.08	81	100	100
2025-10-17	15.35	65.26	83	100	100
2025-10-24	14.86	43.05	72	67	100
2025-10-31	14.80	53.14	77	100	100
2025-11-07	15.57	61.93	81	100	100
2025-11-14	14.73	37.95	69	67	100
2025-11-21	13.17	13.9	57	20	100
2025-11-28	13.04	10.12	55	33	100
2025-12-05	12.93	0.68	50	20	100
2025-12-12	12.39	-21.53	39	67	100
2025-12-19	12.20	-24.01	38	60	100
2025-12-26	11.95	-30.32	35	67	100
2026-01-02	11.80	-32.0	34	60	100
2026-01-09	13.07	-7.23	46	0	100
2026-01-16	12.44	-29.33	35	60	100
2026-01-23	12.95	-11.23	44	0	100
2026-01-30	13.63	-1.15	49	20	100
2026-02-06	13.37	-6.32	47	20	100
2026-02-13	13.85	7.05	54	50	100
2026-02-27	14.89	37.17	69	100	100
2026-03-06	14.02	6.56	53	20	100
2026-03-13	15.20	50.06	75	100	100
2026-03-20	14.64	41.1	71	100	100
2026-03-27	14.15	21.47	61	33	100
2026-04-03	13.05	1.94	51	0	100
2026-04-10	13.36	3.33	52	0	100
2026-04-17	13.36	-2.27	49	33	100
2026-04-24	14.45	28.02	64	100	100
2026-05-01	15.96	52.41	76	100	100
2026-05-08	15.16	45.38	73	67	100
2026-05-15	14.96	52.99	76	100	100
2026-05-22	13.94	19.43	60	33	100
2026-05-29	15.80	62.19	81	100	100
2026-06-05	18.56	69.62	85	100	100
2026-06-12	17.83	72.0	86	100	100
2026-06-19	16.51	59.2	80	67	100
2026-06-26	14.71	39.88	70	100	100
2026-07-03	14.68	36.81	68	100	100
2026-07-10	14.83	34.63	67	100	100
2026-07-17	14.36	19.87	60	50	100
2026-07-24	15.14	27.55	64	33	100
2026-07-31	15.10	28.09	64	60	100
2026-08-07	16.26	39.84	70	60	100
2026-08-14	16.42	51.57	76	67	100
2026-08-21	16.69	60.26	80	100	100
2026-08-28	17.10	64.77	82	100	100
2026-09-04	16.50	34.07	67	60	100
2026-09-11	15.72	23.39	62	60	100
2026-09-18	15.19	11.02	56	33	100
2026-09-25	15.35	17.99	59	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	3 Apr	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
Trend	14	21	21	51	64	95	92	72	98	100	100	99	83	81	83	69	85	82	96	96	97	98	94	80	65	69
Momentum	57	55	50	76	92	85	85	56	64	94	90	88	56	55	55	53	71	63	81	85	88	83	56	46	43	51
Underlying pressure	78	62	49	45	61	73	79	77	75	81	85	90	85	74	58	39	32	29	31	41	51	67	72	71	62	43
Price & volume	37	52	52	63	64	39	45	36	72	46	53	38	45	52	53	45	40	49	48	68	62	63	13	10	11	40
Relative strength	44	43	37	65	90	72	70	43	89	100	99	92	63	59	66	75	85	83	92	93	95	96	93	85	73	78
Modeled Trend	79	81	83	84	86	87	88	88	88	89	89	90	89	89	89	88	88	88	87	87	87	88	88	88	87	88

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

88/100

LEAST SUPPORTIVE SOURCE

Price & volume

40/100

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+5.1%

Median price return · 8 non-overlapping examples

Observed range: -15.9% to +18.4%
Positive returns: 75%
All-period comparison: -3.7% median

13 WEEKS LATER-3.2%

Median price return · 3 non-overlapping examples

Observed range: -23.3% to +4.0%
Positive returns: 33%
All-period comparison: +2.5% 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

9 Jan 2026Up-cycle confirmedCNY 13.07

25 Jul 2025Up-cycle confirmedCNY 14.29

27 Sep 2024Up-cycle confirmedCNY 15.95

5 Jul 2024Lower cycle zone confirmedCNY 17.00

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