{ "ticker": { "uuid": "18c496e5-e5df-4f2c-b59f-ed3c3204bb09", "symbol": "601117", "name": "China National Chemical Engineering 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": 4, "stage_name": "Declining", "phase": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 70.007, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -42.937, "architecture_energy": 29.054, "architecture_maturity": 51.328, "architecture_confidence": 80.711, "architecture_tenure": "Developing", "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": 30.9, "rotation_up": 26.62, "upward_expansion": 15.92, "deceleration": 45.82, "rotation_down": 35.68, "downward_expansion": 65.92 }, "activity_lines": [ 7.679333, 7.632545, 7.783095, 8.038663 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 7.77, "trend_reference": 8.282126, "distance_from_trend": -0.061835, "trend_direction": "Improving", "fair_value": 7.395636, "distance_from_fair_value": 0.05062, "fair_value_direction": "Weakening", "relative_strength": -2.04808, "relative_strength_direction": "Improving", "price_momentum": -0.126966, "excess_performance": -0.083762, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.061835, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.001177, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.05062, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.064144, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.020481, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.026451, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.126966, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.882106, "read": "Supply-led" } ], "volume": { "latest": 355440822, "relative_activity": 0.906635, "balance": 0.882106, "dry_up": 0.953072, "accumulation_observations": 2, "distribution_observations": 2 }, "risk": { "range_context": 0.052569, "annualized_volatility": 0.370466, "from_high_reference": -0.258588, "from_low_reference": 0.080785 }, "levels": { "trend_reference": 8.282126, "fair_value_reference": 7.395636, "structural_low": 7.21, 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"relative_strength": -2.262229, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.823221, "energy": 67.953424, "activity_lines": [ 7.502, 7.58, 7.91619, 8.143081 ] }, { "date": "2026-07-24", "close": 7.57, "volume": 431614181, "typical_volume": 457764118.25, "trend": 8.26283, "fair_value": 7.395311, "relative_strength": -1.708716, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.171561, "energy": 51.779827, "activity_lines": [ 7.493333, 7.562182, 7.847667, 8.098287 ] }, { "date": "2026-07-31", "close": 7.84, "volume": 339522828, "typical_volume": 416056307.25, "trend": 8.271337, "fair_value": 7.394912, "relative_strength": 1.418521, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -48.629397, "energy": 38.091898, "activity_lines": [ 7.608667, 7.603091, 7.813238, 8.071007 ] }, { "date": "2026-08-07", "close": 7.77, "volume": 355440822, "typical_volume": 392043896.85, "trend": 8.282126, "fair_value": 7.395636, "relative_strength": -2.04808, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.936842, "energy": 29.053514, "activity_lines": [ 7.679333, 7.632545, 7.783095, 8.038663 ] } ], "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." } } }