{ "ticker": { "uuid": "11a23856-b080-44a9-844c-67ff70e6c6e4", "symbol": "601666", "name": "Pingdingshan Tianan Coal. Mining Co., Ltd.", "exchange": "SHH", "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": "000001.SS", "stage": 2, "stage_name": "Advancing", "phase": "2a", "phase_label": "Stage 2A \u00b7 Early advance", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 86.955, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Balance after decline", "architecture_gate": "down", "architecture_direction": -9.873, "architecture_energy": 6.209, "architecture_maturity": 19.092, "architecture_confidence": 52.536, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 66.88, "rotation_up": 25.78, "upward_expansion": 13.42, "deceleration": 40.33, "rotation_down": 28.68, "downward_expansion": 61.09 }, "activity_lines": [ 8.152, 8.05571, 8.061188, 8.1302 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 8.94, "trend_reference": 8.226712, "distance_from_trend": 0.086704, "trend_direction": "Improving", "fair_value": 8.865858, "distance_from_fair_value": 0.008363, "fair_value_direction": "Improving", "relative_strength": 9.987163, "relative_strength_direction": "Improving", "price_momentum": 0.040745, "excess_performance": 0.083949, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.086704, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.004938, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.008363, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.092804, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.099872, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.195307, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.040745, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.158825, "read": "Demand-led" } ], "volume": { "latest": 233636079, "relative_activity": 1.524298, "balance": 1.158825, "dry_up": 1.296644, "accumulation_observations": 4, "distribution_observations": 4 }, "risk": { "range_context": 0.100025, "annualized_volatility": 0.510789, "from_high_reference": -0.08232, "from_low_reference": 0.272827 }, "levels": { "trend_reference": 8.226712, "fair_value_reference": 8.865858, "structural_low": 7.023735, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 19, "median_return": 0.017462, "positive_rate": 0.578947, "directional_follow_through": 0.578947, "median_excess_return": 0.007053, "regime_survival": 0.473684, "best_return": 0.235566, "worst_return": -0.140029, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 9, "median_return": -0.035488, "positive_rate": 0.444444, "directional_follow_through": 0.444444, "median_excess_return": -0.037981, "regime_survival": 0.222222, "best_return": 0.876444, "worst_return": -0.249035, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": -0.084927, "positive_rate": 0.333333, "directional_follow_through": 0.333333, "median_excess_return": -0.076811, "regime_survival": 0.333333, "best_return": 0.628753, "worst_return": -0.209077, "sufficient": true }, { 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34.438365, "activity_lines": [ 7.858759, 8.063842, 8.0965, 8.176534 ] }, { "date": "2026-07-17", "close": 7.47, "volume": 158893850, "typical_volume": 163916379.25, "trend": 8.204045, "fair_value": 8.836566, "relative_strength": -4.238725, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.264575, "energy": 45.506249, "activity_lines": [ 7.650793, 7.960753, 8.026065, 8.127994 ] }, { "date": "2026-07-24", "close": 7.69, "volume": 220579567, "typical_volume": 160150264.4, "trend": 8.190712, "fair_value": 8.842963, "relative_strength": -2.603446, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -52.779121, "energy": 48.52343, "activity_lines": [ 7.625296, 7.907949, 7.983487, 8.09483 ] }, { "date": "2026-07-31", "close": 7.99, "volume": 181860665, "typical_volume": 152421031.05, "trend": 8.191045, "fair_value": 8.851227, "relative_strength": 1.065983, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -49.770759, "energy": 41.527235, "activity_lines": [ 7.744667, 7.903168, 7.97448, 8.081881 ] }, { "date": "2026-08-07", "close": 8.94, "volume": 233636079, "typical_volume": 153274561.7, "trend": 8.226712, "fair_value": 8.865858, "relative_strength": 9.987163, "stage": 2, "regime": "balance", "modifier": "Balance after decline", "gate": "down", "direction": -9.873093, "energy": 6.20908, "activity_lines": [ 8.152, 8.05571, 8.061188, 8.1302 ] } ], "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." } } }