{ "ticker": { "uuid": "4f39e19e-689a-4235-9741-07f5b901cf82", "symbol": "600012", "name": "Anhui Expressway Company Limited", "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": "2b", "phase_label": "Stage 2B \u00b7 Advancing", "transition": "stage_2_healthy", "transition_label": "Stage 2 trend intact", "confidence": 96.0, "architecture_regime": "upward_expansion", "architecture_regime_label": "Upward Expansion", "architecture_modifier": "Re-accelerating", "architecture_gate": "up", "architecture_direction": 53.018, "architecture_energy": 41.36, "architecture_maturity": 7.263, "architecture_confidence": 87.753, "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": 31.55, "rotation_up": 57.58, "upward_expansion": 79.68, "deceleration": 51.79, "rotation_down": 14.73, "downward_expansion": 6.35 }, "activity_lines": [ 16.634916, 16.401647, 16.200503, 15.920517 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 16.120001, "trend_reference": 15.48825, "distance_from_trend": 0.040789, "trend_direction": "Improving", "fair_value": 14.053392, "distance_from_fair_value": 0.147054, "fair_value_direction": "Weakening", "relative_strength": 7.107186, "relative_strength_direction": "Improving", "price_momentum": 0.117892, "excess_performance": 0.161096, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.040789, "read": "Above" }, { "label": "Trend direction", "positive": true, "value": 0.027481, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.147054, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.023444, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.071072, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.135147, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.117892, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.071638, "read": "Demand-led" } ], "volume": { "latest": 42718912, "relative_activity": 1.818129, "balance": 1.071638, "dry_up": 1.759446, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.077663, "annualized_volatility": 0.240785, "from_high_reference": -0.145224, "from_low_reference": 0.2663 }, "levels": { "trend_reference": 15.48825, "fair_value_reference": 14.053392, "structural_low": 13.77, 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15.870056, 15.97455, 15.832948, 15.558039 ] }, { "date": "2026-07-17", "close": 16.623072, "volume": 25743939, "typical_volume": 21419806.6, "trend": 15.290232, "fair_value": 13.897592, "relative_strength": 15.223673, "stage": 2, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": 48.235047, "energy": 21.964133, "activity_lines": [ 16.088821, 16.089947, 15.930746, 15.648143 ] }, { "date": "2026-07-24", "close": 17.220541, "volume": 47506071, "typical_volume": 22124985.8, "trend": 15.383583, "fair_value": 13.951149, "relative_strength": 17.894648, "stage": 2, "regime": "deceleration", "modifier": "Re-acceleration watch", "gate": "up", "direction": 65.745421, "energy": 43.525466, "activity_lines": [ 16.49587, 16.297919, 16.07386, 15.772679 ] }, { "date": "2026-07-31", "close": 17.0, "volume": 49391434, "typical_volume": 22896166.5, "trend": 15.444917, "fair_value": 14.004637, "relative_strength": 15.926729, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 59.070043, "energy": 51.359537, "activity_lines": [ 16.766704, 16.441419, 16.183538, 15.876964 ] }, { "date": "2026-08-07", "close": 16.120001, "volume": 42718912, "typical_volume": 23496080.6, "trend": 15.48825, "fair_value": 14.053392, "relative_strength": 7.107186, "stage": 2, "regime": "upward_expansion", "modifier": "Re-accelerating", "gate": "up", "direction": 53.017543, "energy": 41.359907, "activity_lines": [ 16.634916, 16.401647, 16.200503, 15.920517 ] } ], "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." } } }