{ "ticker": { "uuid": "5899734e-2ff3-4e5a-b07e-3b66107404a9", "symbol": "0340", "name": "Tongguan Gold Group Limited", "exchange": "HKG", "country": "HK", "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": "2026-09-04", "benchmark": "^HSI", "stage": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 66.564, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Value reclamation", "architecture_gate": "mixed", "architecture_direction": 44.444, "architecture_energy": 79.861, "architecture_maturity": 26.0, "architecture_confidence": 84.426, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating upward.", "body": "Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair." }, "scores": { "balance": 17.63, "rotation_up": 79.57, "upward_expansion": 63.59, "deceleration": 14.85, "rotation_down": 14.0, "downward_expansion": 33.92 }, "activity_lines": [ 3.371333, 2.911, 2.537015, 2.576509 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.833333 }, "latest_close": 3.55, "trend_reference": 2.716017, "distance_from_trend": 0.307061, "trend_direction": "Weakening", "fair_value": 1.447999, "distance_from_fair_value": 1.45166, "fair_value_direction": "Improving", "relative_strength": 28.707567, "relative_strength_direction": "Improving", "price_momentum": 0.0, "excess_performance": 0.004132, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.307061, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.055578, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 1.45166, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.943026, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.287076, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.539848, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.0, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.914781, "read": "Demand-led" } ], "volume": { "latest": 119561289, "relative_activity": 2.432471, "balance": 1.914781, "dry_up": 2.46207, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.096091, "annualized_volatility": 0.727432, "from_high_reference": -0.142512, "from_low_reference": 1.125749 }, "levels": { "trend_reference": 2.716017, "fair_value_reference": 1.447999, "structural_low": 1.67, "invalidation": "A decisive breakout 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2.797333, 2.441727, 2.310869, 2.459844 ] }, { "date": "2026-08-28", "close": 3.65, "volume": 174015563, "typical_volume": 44556123.8, "trend": 2.700017, "fair_value": 1.428432, "relative_strength": 33.954647, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 56.779967, "energy": 79.255518, "activity_lines": [ 3.156333, 2.701455, 2.429724, 2.521671 ] }, { "date": "2026-09-04", "close": 3.55, "volume": 119561289, "typical_volume": 49152196.75, "trend": 2.716017, "fair_value": 1.447999, "relative_strength": 28.707567, "stage": 3, "regime": "rotation_up", "modifier": "Value reclamation", "gate": "mixed", "direction": 44.443904, "energy": 79.860964, "activity_lines": [ 3.371333, 2.911, 2.537015, 2.576509 ] } ], "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." } } }