{ "ticker": { "uuid": "7c57386c-f628-47b9-8e1a-b7124863b80b", "symbol": "603507", "name": "JiangSu Zhenjiang New Energy Equipment 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": 76.351, "architecture_regime": "rotation_down", "architecture_regime_label": "Rotation Down", "architecture_modifier": "Supply rotation", "architecture_gate": "mixed", "architecture_direction": -35.801, "architecture_energy": 49.596, "architecture_maturity": 19.033, "architecture_confidence": 54.773, "architecture_tenure": "Developing", "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": 20.59, "rotation_up": 21.72, "upward_expansion": 16.9, "deceleration": 50.49, "rotation_down": 61.86, "downward_expansion": 56.24 }, "activity_lines": [ 23.36158, 24.137822, 26.942893, 27.748798 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 24.48, "trend_reference": 27.595892, "distance_from_trend": -0.112911, "trend_direction": "Improving", "fair_value": 19.187728, "distance_from_fair_value": 0.275815, "fair_value_direction": "Weakening", "relative_strength": 1.979612, "relative_strength_direction": "Weakening", "price_momentum": 0.132612, "excess_performance": 0.175816, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.112911, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.084183, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.275815, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.502754, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.019796, "read": "Leading" }, { "label": "Relative strength direction", "positive": false, "value": -0.346369, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.132612, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.920862, "read": "Supply-led" } ], "volume": { "latest": 43244825, "relative_activity": 0.731374, "balance": 0.920862, "dry_up": 0.783628, "accumulation_observations": 1, "distribution_observations": 1 }, "risk": { "range_context": 0.123365, "annualized_volatility": 0.531019, "from_high_reference": -0.352793, "from_low_reference": 0.446407 }, "levels": { "trend_reference": 27.595892, "fair_value_reference": 19.187728, "structural_low": 19.629999, "invalidation": "A 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-44.031655, "energy": 68.018603, "activity_lines": [ 23.965553, 25.864471, 28.716297, 28.498445 ] }, { "date": "2026-07-24", "close": 22.370001, "volume": 44036375, "typical_volume": 67419561.0, "trend": 27.288573, "fair_value": 19.108233, "relative_strength": -3.103882, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -43.823973, "energy": 67.522816, "activity_lines": [ 23.080826, 24.896443, 28.00823, 28.189118 ] }, { "date": "2026-07-31", "close": 23.43, "volume": 51925272, "typical_volume": 63572998.85, "trend": 27.446392, "fair_value": 19.138956, "relative_strength": 0.670922, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.402476, "energy": 63.624709, "activity_lines": [ 22.975775, 24.34105, 27.413366, 27.940178 ] }, { "date": "2026-08-07", "close": 24.48, "volume": 43244825, "typical_volume": 59128170.3, "trend": 27.595892, "fair_value": 19.187728, "relative_strength": 1.979612, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -35.801171, "energy": 49.595811, "activity_lines": [ 23.36158, 24.137822, 26.942893, 27.748798 ] } ], "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." } } }