{ "ticker": { "uuid": "78508934-84e0-422a-b574-5ca6f6e52d22", "symbol": "000767", "name": "Jinneng Holding Shanxi Electric Power 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": 88.195, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -17.268, "architecture_energy": 21.945, "architecture_maturity": 9.515, "architecture_confidence": 55.368, "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": 49.38, "rotation_up": 18.1, "upward_expansion": 15.32, "deceleration": 63.32, "rotation_down": 52.34, "downward_expansion": 40.32 }, "activity_lines": [ 3.676667, 3.781455, 4.082476, 4.056473 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 3.85, "trend_reference": 3.904333, "distance_from_trend": -0.013916, "trend_direction": "Improving", "fair_value": 3.000385, "distance_from_fair_value": 0.283169, "fair_value_direction": "Weakening", "relative_strength": 7.421637, "relative_strength_direction": "Improving", "price_momentum": 0.274834, "excess_performance": 0.267435, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.013916, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.105417, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.283169, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.1473, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.074216, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.011262, "read": "Improving" }, { "label": "Price momentum", "positive": true, "value": 0.274834, "read": "Positive" }, { "label": "Volume balance", "positive": true, "value": 1.396914, "read": "Demand-led" } ], "volume": { "latest": 684246005, "relative_activity": 0.708279, "balance": 1.396914, "dry_up": 1.060974, "accumulation_observations": 3, "distribution_observations": 2 }, "risk": { "range_context": 0.173027, "annualized_volatility": 0.890795, "from_high_reference": -0.360465, "from_low_reference": 0.394928 }, "levels": { "trend_reference": 3.904333, "fair_value_reference": 3.000385, "structural_low": 2.99, "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": 5, "median_return": -0.009709, "positive_rate": 0.4, "directional_follow_through": 0.6, "median_excess_return": 0.023978, "regime_survival": 0.4, "best_return": 0.241158, "worst_return": -0.035948, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 3, "median_return": 0.013793, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.02231, "regime_survival": 0.0, "best_return": 0.224299, "worst_return": -0.080906, "sufficient": false }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.146417, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.157056, "regime_survival": 0.0, "best_return": 0.334483, "worst_return": -0.190939, "sufficient": false }, { "horizon": "Full cycle", "sample_count": 2, 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"Rotation Down", "color": "orange", "start": "2025-10-17", "end": "2025-10-31", "tenure": "New", "return": 0.02069, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2025-11-07", "end": "2025-12-12", "tenure": "Developing", "return": -0.061889, "active": false }, { "regime": "downward_expansion", "label": "Downward Expansion", "color": "red", "start": "2025-12-19", "end": "2026-01-16", "tenure": "Developing", "return": 0.031579, "active": false }, { "regime": "balance", "label": "Balance", "color": "blue", "start": "2026-01-23", "end": "2026-01-30", "tenure": "New", "return": -0.013072, "active": false }, { "regime": "rotation_up", "label": "Rotation Up", "color": "teal", "start": "2026-02-06", "end": "2026-02-13", "tenure": "New", "return": -0.011696, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-02-27", "end": "2026-04-24", "tenure": "Developing", "return": 0.02381, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-05-01", "end": "2026-05-15", "tenure": "New", "return": 0.296296, "active": false }, { "regime": "upward_expansion", "label": "Upward Expansion", "color": "green", "start": "2026-05-22", "end": "2026-06-26", "tenure": "Developing", "return": -0.177966, "active": false }, { "regime": "deceleration", "label": "Deceleration", "color": "amber", "start": "2026-07-03", "end": "2026-07-17", "tenure": "New", "return": -0.08311, "active": false }, { "regime": "rotation_down", "label": "Rotation Down", "color": "orange", "start": "2026-07-24", "end": "2026-08-07", "tenure": "New", "return": 0.054795, "active": true } ], "chart_path": [ { "date": "2023-07-28", "close": 3.34, "volume": 176289166, "typical_volume": 154931974.15, "trend": 3.268333, "fair_value": 3.344167, "relative_strength": -0.446288, "stage": 1, "regime": "rotation_up", "modifier": "Emerging rotation", "gate": "mixed", "direction": 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"volume": 740964341, "typical_volume": 944297127.6, "trend": 3.816333, "fair_value": 2.995577, "relative_strength": -0.635613, "stage": 3, "regime": "deceleration", "modifier": "Recompressing", "gate": "mixed", "direction": -29.734575, "energy": 37.736538, "activity_lines": [ 3.634667, 4.102909, 4.209857, 4.080258 ] }, { "date": "2026-07-24", "close": 3.65, "volume": 1863910265, "typical_volume": 979157104.05, "trend": 3.843, "fair_value": 2.996603, "relative_strength": 5.738557, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.871738, "energy": 39.478085, "activity_lines": [ 3.578667, 3.961455, 4.159857, 4.069527 ] }, { "date": "2026-07-31", "close": 3.66, "volume": 810777535, "typical_volume": 970458740.5, "trend": 3.869333, "fair_value": 2.997115, "relative_strength": 7.593537, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -21.086697, "energy": 37.070751, "activity_lines": [ 3.588667, 3.844545, 4.111857, 4.05772 ] }, { "date": "2026-08-07", "close": 3.85, "volume": 684246005, "typical_volume": 966068988.6, "trend": 3.904333, "fair_value": 3.000385, "relative_strength": 7.421637, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -17.267933, "energy": 21.945061, "activity_lines": [ 3.676667, 3.781455, 4.082476, 4.056473 ] } ], "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." } } }