{ "ticker": { "uuid": "7e8d8286-4e84-426b-9220-6a2306d99f4f", "symbol": "2899", "name": "Zijin Mining Group Company 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": "2026-08-28", "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": 52.43, "architecture_regime": "rotation_up", "architecture_regime_label": "Rotation Up", "architecture_modifier": "Structural repair", "architecture_gate": "mixed", "architecture_direction": 34.649, "architecture_energy": 52.721, "architecture_maturity": 8.866, "architecture_confidence": 89.257, "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": 30.97, "rotation_up": 71.13, "upward_expansion": 50.51, "deceleration": 22.35, "rotation_down": 14.09, "downward_expansion": 23.18 }, "activity_lines": [ 37.072, 34.845589, 33.530264, 33.989433 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Improving", "price_acceptance": 0.666667 }, "latest_close": 38.279999, "trend_reference": 35.25417, "distance_from_trend": 0.085829, "trend_direction": "Weakening", "fair_value": 21.845562, "distance_from_fair_value": 0.752301, "fair_value_direction": "Improving", "relative_strength": 11.297427, "relative_strength_direction": "Improving", "price_momentum": -0.149333, "excess_performance": -0.110065, "evidence": [ { "label": "Price vs Trend", "positive": true, "value": 0.085829, "read": "Above" }, { "label": "Trend direction", "positive": false, "value": -0.032566, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.752301, "read": "Premium" }, { "label": "Fair Value direction", "positive": true, "value": 0.143236, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": true, "value": 0.112974, "read": "Leading" }, { "label": "Relative strength direction", "positive": true, "value": 0.070245, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.149333, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.540191, "read": "Demand-led" } ], "volume": { "latest": 280418282, "relative_activity": 1.321506, "balance": 1.540191, "dry_up": 1.433668, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.081914, "annualized_volatility": 0.49917, "from_high_reference": -0.185185, "from_low_reference": 0.472251 }, "levels": { "trend_reference": 35.25417, "fair_value_reference": 21.845562, "structural_low": 26.74697, "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": 7, "median_return": -0.003472, "positive_rate": 0.285714, "directional_follow_through": 0.285714, "median_excess_return": -0.00605, "regime_survival": 0.285714, "best_return": 0.103448, "worst_return": -0.069805, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 5, "median_return": 0.200378, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.099058, "regime_survival": 0.0, "best_return": 0.448052, "worst_return": -0.109258, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.103927, "positive_rate": 0.6, "directional_follow_through": 0.6, "median_excess_return": 0.089224, "regime_survival": 0.2, "best_return": 1.088397, "worst_return": -0.22275, "sufficient": true }, { "horizon": 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[ 36.004001, 33.76409, 33.07105, 33.802003 ] }, { "date": "2026-08-28", "close": 38.279999, "volume": 280418282, "typical_volume": 212195948.0, "trend": 35.25417, "fair_value": 21.845562, "relative_strength": 11.297427, "stage": 3, "regime": "rotation_up", "modifier": "Structural repair", "gate": "mixed", "direction": 34.64875, "energy": 52.721309, "activity_lines": [ 37.072, 34.845589, 33.530264, 33.989433 ] } ], "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." } } }