{ "ticker": { "uuid": "6544b406-dc1d-44b4-a544-85868d68b3bb", "symbol": "603306", "name": "HMT (Xiamen) New Technical Materials Co., Ltd", "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": 3, "stage_name": "Distribution", "phase": "3a", "phase_label": "Stage 3A \u00b7 Churning", "transition": "stage_3_churning", "transition_label": "Stage 3 range intact", "confidence": 57.761, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -39.923, "architecture_energy": 72.685, "architecture_maturity": 17.799, "architecture_confidence": 57.748, "architecture_tenure": "New", "architecture": { "interpretation": { "headline": "The Activity Line structure is rotating downward.", "body": "Fast Activity is weakening relative to Slow Activity and price acceptance is deteriorating. Persistent negative Trend confirmation would establish Downward Expansion." }, "scores": { "balance": 23.6, "rotation_up": 16.04, "upward_expansion": 25.27, "deceleration": 43.02, "rotation_down": 75.5, "downward_expansion": 66.94 }, "activity_lines": [ 68.710001, 79.325107, 89.677925, 90.336525 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 73.029999, "trend_reference": 88.252167, "distance_from_trend": -0.172485, "trend_direction": "Improving", "fair_value": 43.220072, "distance_from_fair_value": 0.689724, "fair_value_direction": "Weakening", "relative_strength": 1.358247, "relative_strength_direction": "Weakening", "price_momentum": -0.06119, "excess_performance": -0.017987, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.172485, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.146501, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.689724, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -1.134414, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.013582, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.636787, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.06119, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.296185, "read": "Demand-led" } ], "volume": { "latest": 81513826, "relative_activity": 1.376004, "balance": 1.296185, "dry_up": 1.225206, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.172642, "annualized_volatility": 0.740295, "from_high_reference": -0.391966, "from_low_reference": 0.708704 }, "levels": { "trend_reference": 88.252167, "fair_value_reference": 43.220072, "structural_low": 54.830002, "invalidation": "A 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"2026-07-17", "close": 71.370003, "volume": 60994517, "typical_volume": 58283570.6, "trend": 87.714833, "fair_value": 42.528096, "relative_strength": 5.220265, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "up", "direction": -21.44105, "energy": 29.940655, "activity_lines": [ 88.313335, 95.394137, 98.008425, 94.55802 ] }, { "date": "2026-07-24", "close": 67.260002, "volume": 75952612, "typical_volume": 58012945.9, "trend": 87.970166, "fair_value": 42.765919, "relative_strength": -2.684491, "stage": 3, "regime": "deceleration", "modifier": "Momentum cooling", "gate": "mixed", "direction": -44.103928, "energy": 63.4457, "activity_lines": [ 79.126668, 89.464861, 95.247068, 93.238353 ] }, { "date": "2026-07-31", "close": 57.880001, "volume": 71861499, "typical_volume": 58036849.8, "trend": 87.918167, "fair_value": 42.940005, "relative_strength": -16.871833, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -49.671536, "energy": 76.789077, "activity_lines": [ 69.762668, 82.56355, 91.668949, 91.297052 ] }, { "date": "2026-08-07", "close": 73.029999, "volume": 81513826, "typical_volume": 59239514.45, "trend": 88.252167, "fair_value": 43.220072, "relative_strength": 1.358247, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -39.923174, "energy": 72.68509, "activity_lines": [ 68.710001, 79.325107, 89.677925, 90.336525 ] } ], "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." } } }