{ "ticker": { "uuid": "047be992-247a-4521-9809-76979700d659", "symbol": "000498", "name": "Shandong Hi-Speed Road&Bridge Group Co., Ltd.", "exchange": "SHZ", "country": "CN", "assetType": "equity" }, "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.", "analysis": { "eligible": true, "as_of": "2026-08-07", "benchmark": "399001.SZ", "stage": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Established contraction", "architecture_gate": "down", "architecture_direction": -41.112, "architecture_energy": 30.362, "architecture_maturity": 100.0, "architecture_confidence": 78.541, "architecture_tenure": "Established", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 28.47, "rotation_up": 27.87, "upward_expansion": 23.07, "deceleration": 46.99, "rotation_down": 26.68, "downward_expansion": 59.41 }, "activity_lines": [ 4.992667, 4.924063, 5.058871, 5.267682 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 4.95, "trend_reference": 5.552198, "distance_from_trend": -0.108461, "trend_direction": "Weakening", "fair_value": 5.588275, "distance_from_fair_value": -0.114217, "fair_value_direction": "Weakening", "relative_strength": -17.638465, "relative_strength_direction": "Improving", "price_momentum": -0.218009, "excess_performance": -0.225409, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.108461, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.065666, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.114217, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.091435, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.176385, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.067696, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.218009, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.613325, "read": "Supply-led" } ], "volume": { "latest": 61402174, "relative_activity": 1.243925, "balance": 0.613325, "dry_up": 1.152996, "accumulation_observations": 1, "distribution_observations": 3 }, "risk": { "range_context": 0.046896, "annualized_volatility": 0.227574, "from_high_reference": -0.23693, "from_low_reference": 0.06951 }, "levels": { "trend_reference": 5.552198, "fair_value_reference": 5.588275, "structural_low": 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4.785837, 4.900495, 5.201222, 5.430731 ] }, { "date": "2026-07-17", "close": 5.04, "volume": 46498053, "typical_volume": 54305091.9, "trend": 5.654132, "fair_value": 5.608085, "relative_strength": -14.491011, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -65.064472, "energy": 63.600842, "activity_lines": [ 4.869113, 4.900933, 5.160193, 5.389114 ] }, { "date": "2026-07-24", "close": 4.93, "volume": 57771733, "typical_volume": 52682751.1, "trend": 5.619864, "fair_value": 5.601393, "relative_strength": -16.105142, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -51.66517, "energy": 51.777592, "activity_lines": [ 4.904953, 4.891006, 5.114737, 5.342396 ] }, { "date": "2026-07-31", "close": 5.1, "volume": 61982972, "typical_volume": 50617729.7, "trend": 5.588198, "fair_value": 5.595136, "relative_strength": -11.323365, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -44.959418, "energy": 37.531443, "activity_lines": [ 4.989533, 4.919626, 5.091137, 5.308856 ] }, { "date": "2026-08-07", "close": 4.95, "volume": 61402174, "typical_volume": 49361625.75, "trend": 5.552198, "fair_value": 5.588275, "relative_strength": -17.638465, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -41.111786, "energy": 30.361737, "activity_lines": [ 4.992667, 4.924063, 5.058871, 5.267682 ] } ], "method": { "price_basis": "completed market observations", "trend": "Trend provides the primary directional reference.", "fair_value": "Fair Value provides long-term price context and is not a forecast or target.", "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.", "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read." } } }