{ "ticker": { "uuid": "26d51315-f4ce-4610-84f5-e6f047dff822", "symbol": "600025", "name": "Huaneng Lancang River Hydropower Inc.", "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": 53.966, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 47.053, "architecture_energy": 48.683, "architecture_maturity": 3.195, "architecture_confidence": 65.289, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding upward.", "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing." }, "scores": { "balance": 49.1, "rotation_up": 67.58, "upward_expansion": 76.19, "deceleration": 42.96, "rotation_down": 6.92, "downward_expansion": 14.86 }, "activity_lines": [ 9.883333, 9.671184, 9.548489, 9.566231 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 9.67, "trend_reference": 9.527716, "distance_from_trend": 0.014934, "trend_direction": "Improving", "fair_value": 9.237133, "distance_from_fair_value": 0.046862, "fair_value_direction": "Improving", "relative_strength": 2.371026, "relative_strength_direction": "Improving", "price_momentum": 0.064978, "excess_performance": 0.108182, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.014934, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.002623, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.046862, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.006984, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.02371, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.126474, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.064978, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.300499, "read": "Demand-led" } ], "volume": { "latest": 126252099, "relative_activity": 0.93019, "balance": 1.300499, "dry_up": 1.389513, "accumulation_observations": 5, "distribution_observations": 3 }, "risk": { "range_context": 0.053381, "annualized_volatility": 0.259982, "from_high_reference": -0.092871, "from_low_reference": 0.118095 }, "levels": { "trend_reference": 9.527716, "fair_value_reference": 9.237133, "structural_low": 8.648641, "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis." }, "outcomes": [ { "horizon": "Near term", "sample_count": 28, "median_return": 0.009103, "positive_rate": 0.607143, "directional_follow_through": 0.607143, "median_excess_return": 0.011863, "regime_survival": 0.678571, "best_return": 0.152924, "worst_return": -0.172952, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 11, "median_return": 0.007778, "positive_rate": 0.545455, "directional_follow_through": 0.545455, "median_excess_return": 0.066031, "regime_survival": 0.363636, "best_return": 0.17194, "worst_return": -0.111593, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.005359, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": 0.003518, "regime_survival": 0.166667, "best_return": 0.222497, "worst_return": -0.115442, "sufficient": true }, { 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17.07456, "energy": 7.418087, "activity_lines": [ 9.463227, 9.404292, 9.444891, 9.476542 ] }, { "date": "2026-07-24", "close": 10.04, "volume": 231559071, "typical_volume": 139102922.9, "trend": 9.477049, "fair_value": 9.196657, "relative_strength": 9.704707, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 53.911697, "energy": 35.376453, "activity_lines": [ 9.707, 9.526545, 9.487217, 9.514302 ] }, { "date": "2026-07-31", "close": 10.12, "volume": 159974409, "typical_volume": 136539144.9, "trend": 9.508049, "fair_value": 9.218307, "relative_strength": 10.028195, "stage": 2, "regime": "balance", "modifier": "Upper balance after advance", "gate": "up", "direction": 57.542688, "energy": 49.239807, "activity_lines": [ 9.914, 9.649774, 9.538401, 9.555783 ] }, { "date": "2026-08-07", "close": 9.67, "volume": 126252099, "typical_volume": 135727213.65, "trend": 9.527716, "fair_value": 9.237133, "relative_strength": 2.371026, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 47.052555, "energy": 48.683285, "activity_lines": [ 9.883333, 9.671184, 9.548489, 9.566231 ] } ], "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." } } }