{ "ticker": { "uuid": "419f8319-337a-43b7-aa36-9cfba8d939fd", "symbol": "000603", "name": "Shengda Resources 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": 83.02, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -29.589, "architecture_energy": 26.61, "architecture_maturity": 71.255, "architecture_confidence": 73.705, "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": 31.52, "rotation_up": 30.23, "upward_expansion": 19.85, "deceleration": 44.16, "rotation_down": 31.19, "downward_expansion": 67.51 }, "activity_lines": [ 27.243333, 25.695832, 28.335355, 31.791391 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 34.43, "trend_reference": 36.363941, "distance_from_trend": -0.053183, "trend_direction": "Weakening", "fair_value": 18.925452, "distance_from_fair_value": 0.819243, "fair_value_direction": "Weakening", "relative_strength": 8.442964, "relative_strength_direction": "Weakening", "price_momentum": -0.435759, "excess_performance": -0.443159, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.053183, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.011588, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.819243, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.429437, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.08443, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.129863, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.435759, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.145329, "read": "Demand-led" } ], "volume": { "latest": 388046794, "relative_activity": 2.984413, "balance": 1.145329, "dry_up": 2.082642, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.137723, "annualized_volatility": 0.927741, "from_high_reference": -0.532137, "from_low_reference": 1.244459 }, "levels": { "trend_reference": 36.363941, "fair_value_reference": 18.925452, "structural_low": 18.25, "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": 22, "median_return": 0.051426, "positive_rate": 0.681818, "directional_follow_through": 0.318182, "median_excess_return": 0.036281, "regime_survival": 0.681818, "best_return": 0.444556, "worst_return": -0.239437, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.011374, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": 0.033605, "regime_survival": 0.25, "best_return": 0.576136, "worst_return": -0.246575, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.235138, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.138774, "regime_survival": 0.2, "best_return": 0.513889, "worst_return": -0.375, "sufficient": 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"2026-07-24", "close": 24.799999, "volume": 278157707, "typical_volume": 107813613.65, "trend": 36.397274, "fair_value": 18.714785, "relative_strength": -17.81845, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -66.503919, "energy": 64.396133, "activity_lines": [ 22.507333, 24.161269, 28.747433, 32.6182 ] }, { "date": "2026-07-31", "close": 25.4, "volume": 287649978, "typical_volume": 116820702.4, "trend": 36.248274, "fair_value": 18.790385, "relative_strength": -14.932441, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.612088, "energy": 58.339698, "activity_lines": [ 23.511333, 24.039403, 28.066394, 31.908699 ] }, { "date": "2026-08-07", "close": 34.43, "volume": 388046794, "typical_volume": 130024505.4, "trend": 36.363941, "fair_value": 18.925452, "relative_strength": 8.442964, "stage": 3, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -29.589349, "energy": 26.609537, "activity_lines": [ 27.243333, 25.695832, 28.335355, 31.791391 ] } ], "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." } } }