SHZ ยท EQUITY ยท ENHANCED MARKET DYNAMICS

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CSG Digital Power Grid Research Institute Co.,Ltd.

CN ยท Technology ยท Information Technology Services

EMD SCORE43/100

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 agreement63% evidence confidence
Completed week
18 Sep 2026
Latest close
CNY 22.06
Evidence
43 weeks

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

2 supportive ยท 2 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks ยท bars use the left EMD axis; price uses the right axis.
21 Nov 2025โ€“18 Sep 2026
CONSTRUCTIVE PRESSURE CAUTIOUS PRESSURE EMD PRICE ยท CNY +100+500-50-100 32.6425.3418.03 21 Nov 2025 ยท EMD 46/100 ยท close 22.20 28 Nov 2025 ยท EMD 46/100 ยท close 24.72 5 Dec 2025 ยท EMD 44/100 ยท close 20.90 12 Dec 2025 ยท EMD 48/100 ยท close 21.10 19 Dec 2025 ยท EMD 41/100 ยท close 19.21 26 Dec 2025 ยท EMD 41/100 ยท close 19.62 2 Jan 2026 ยท EMD 42/100 ยท close 18.81 9 Jan 2026 ยท EMD 47/100 ยท close 20.71 16 Jan 2026 ยท EMD 49/100 ยท close 22.26 23 Jan 2026 ยท EMD 46/100 ยท close 22.04 30 Jan 2026 ยท EMD 47/100 ยท close 21.01 6 Feb 2026 ยท EMD 42/100 ยท close 20.31 13 Feb 2026 ยท EMD 44/100 ยท close 21.71 27 Feb 2026 ยท EMD 46/100 ยท close 22.43 6 Mar 2026 ยท EMD 57/100 ยท close 28.38 13 Mar 2026 ยท EMD 51/100 ยท close 31.86 20 Mar 2026 ยท EMD 47/100 ยท close 29.27 27 Mar 2026 ยท EMD 49/100 ยท close 27.21 3 Apr 2026 ยท EMD 47/100 ยท close 25.51 10 Apr 2026 ยท EMD 49/100 ยท close 26.40 17 Apr 2026 ยท EMD 52/100 ยท close 28.60 24 Apr 2026 ยท EMD 49/100 ยท close 26.95 1 May 2026 ยท EMD 56/100 ยท close 28.50 8 May 2026 ยท EMD 55/100 ยท close 30.02 15 May 2026 ยท EMD 49/100 ยท close 28.97 22 May 2026 ยท EMD 52/100 ยท close 28.26 29 May 2026 ยท EMD 52/100 ยท close 28.13 5 Jun 2026 ยท EMD 45/100 ยท close 25.36 12 Jun 2026 ยท EMD 41/100 ยท close 24.54 19 Jun 2026 ยท EMD 61/100 ยท close 26.44 26 Jun 2026 ยท EMD 51/100 ยท close 23.68 3 Jul 2026 ยท EMD 46/100 ยท close 23.45 10 Jul 2026 ยท EMD 43/100 ยท close 22.31 17 Jul 2026 ยท EMD 39/100 ยท close 20.67 24 Jul 2026 ยท EMD 39/100 ยท close 23.00 31 Jul 2026 ยท EMD 46/100 ยท close 24.13 7 Aug 2026 ยท EMD 46/100 ยท close 23.74 14 Aug 2026 ยท EMD 44/100 ยท close 23.25 21 Aug 2026 ยท EMD 34/100 ยท close 22.23 28 Aug 2026 ยท EMD 37/100 ยท close 22.51 4 Sep 2026 ยท EMD 31/100 ยท close 21.64 11 Sep 2026 ยท EMD 32/100 ยท close 21.34 18 Sep 2026 ยท EMD 43/100 ยท close 22.06 9 Jan 2026 ยท Up-cycle confirmed ยท close 20.71 20 Mar 2026 ยท Down-cycle confirmed ยท close 29.27 21 Nov 202524 Apr 202618 Sep 2026
Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation
Cycle position 22%Current EMD -13.74-week EMD change +17.7156-week price range CNY 18.81โ€“31.86

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

19/100-0.80

Cautious pressure beneath price
4-week change +0.21

02

Trend and deviation

2/100-13.0% vs Trend Line

Price structure is below its trend baseline
Trend gate inactive

03

Momentum and SMI

43/1004w -0.8% ยท 13w -16.6%

Momentum is applying downside pressure
SMI 0.23

04

Price-volume pressure

81/10081% constructive pressure

Volume is confirming the close
Volume ratio 1.58x

05

Modeled Trend

61/100Modeled Trend 0.15

Modeled Trend is supportive
Smoothed Modeled Trend 0.19

Evidence context