{ "ticker": { "uuid": "352d8314-1c23-4e34-8fba-7ee737ef67be", "symbol": "002364", "name": "Hangzhou Zhongheng Electric 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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 78.783, "architecture_regime": "deceleration", "architecture_regime_label": "Deceleration", "architecture_modifier": "Recompressing", "architecture_gate": "mixed", "architecture_direction": -17.025, "architecture_energy": 32.548, "architecture_maturity": 53.998, "architecture_confidence": 41.084, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The upward structure remains, but its energy is decelerating.", "body": "Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down." }, "scores": { "balance": 40.27, "rotation_up": 19.39, "upward_expansion": 21.2, "deceleration": 66.77, "rotation_down": 63.25, "downward_expansion": 41.53 }, "activity_lines": [ 39.426001, 44.168555, 45.997841, 43.618954 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.166667 }, "latest_close": 40.080002, "trend_reference": 40.17009, "distance_from_trend": -0.002243, "trend_direction": "Improving", "fair_value": 17.437205, "distance_from_fair_value": 1.298534, "fair_value_direction": "Weakening", "relative_strength": 16.742356, "relative_strength_direction": "Weakening", "price_momentum": 0.276433, "excess_performance": 0.269033, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.002243, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.22851, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.298534, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.902361, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.167424, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.302727, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.276433, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.893117, "read": "Demand-led" } ], "volume": { "latest": 164660564, "relative_activity": 0.821416, "balance": 1.893117, "dry_up": 0.9587, "accumulation_observations": 4, "distribution_observations": 1 }, "risk": { "range_context": 0.197219, "annualized_volatility": 0.805734, "from_high_reference": -0.330438, "from_low_reference": 1.474074 }, "levels": { "trend_reference": 40.17009, "fair_value_reference": 17.437205, "structural_low": 25.530001, "invalidation": "A decisive breakout above range resistance with renewed RS leadership invalidates the distribution reading; a range-low break confirms deterioration." }, "outcomes": [ { "horizon": "Near term", "sample_count": 10, "median_return": 0.063465, "positive_rate": 0.7, "directional_follow_through": 0.7, "median_excess_return": 0.05062, "regime_survival": 0.6, "best_return": 0.493569, "worst_return": -0.072959, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 4, "median_return": 0.191762, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.143133, "regime_survival": 0.0, "best_return": 0.940572, "worst_return": 0.138602, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.782699, "positive_rate": 1.0, "directional_follow_through": 1.0, "median_excess_return": 0.61933, "regime_survival": 0.0, "best_return": 1.014043, "worst_return": 0.036464, "sufficient": false }, { "horizon": "Full cycle", 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"direction": 71.050094, "energy": 54.984736, "activity_lines": [ 53.882942, 52.905152, 47.904987, 43.792439 ] }, { "date": "2026-07-17", "close": 41.970001, "volume": 232319029, "typical_volume": 206100950.9, "trend": 38.99409, "fair_value": 16.871243, "relative_strength": 31.45455, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 37.488965, "energy": 29.316863, "activity_lines": [ 50.314001, 51.135971, 47.792117, 44.020218 ] }, { "date": "2026-07-24", "close": 36.360001, "volume": 182994799, "typical_volume": 203118781.45, "trend": 39.43009, "fair_value": 17.053155, "relative_strength": 12.236248, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 9.559398, "energy": 14.916206, "activity_lines": [ 45.172001, 48.403092, 47.110247, 43.850277 ] }, { "date": "2026-07-31", "close": 35.48, "volume": 188746558, "typical_volume": 199298712.25, "trend": 39.715423, "fair_value": 17.228733, "relative_strength": 10.040738, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -8.575182, "energy": 24.052198, "activity_lines": [ 40.916667, 45.717516, 46.341234, 43.595433 ] }, { "date": "2026-08-07", "close": 40.080002, "volume": 164660564, "typical_volume": 200459304.45, "trend": 40.17009, "fair_value": 17.437205, "relative_strength": 16.742356, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -17.024886, "energy": 32.548342, "activity_lines": [ 39.426001, 44.168555, 45.997841, 43.618954 ] } ], "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." } } }