{ "ticker": { "uuid": "8242d406-6013-4146-83b1-e7538c4bcf09", "symbol": "300946", "name": "Hengerda New Materials (Fujian) 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": 4, "stage_name": "Declining", "phase": "4b", "phase_label": "Stage 4B \u00b7 Declining", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -61.213, "architecture_energy": 64.346, "architecture_maturity": 25.675, "architecture_confidence": 86.334, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "The weekly architecture is expanding downward.", "body": "Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation." }, "scores": { "balance": 16.43, "rotation_up": 11.76, "upward_expansion": 13.24, "deceleration": 40.27, "rotation_down": 65.97, "downward_expansion": 84.24 }, "activity_lines": [ 38.068667, 39.606909, 43.148711, 44.603303 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 40.040001, "trend_reference": 46.881831, "distance_from_trend": -0.145938, "trend_direction": "Weakening", "fair_value": 33.31176, "distance_from_fair_value": 0.201978, "fair_value_direction": "Weakening", "relative_strength": -23.17908, "relative_strength_direction": "Weakening", "price_momentum": -0.186366, "excess_performance": -0.193766, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.145938, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.070269, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.201978, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.496769, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.231791, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.084886, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.186366, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.736287, "read": "Supply-led" } ], "volume": { "latest": 5653103, "relative_activity": 0.883874, "balance": 0.736287, "dry_up": 1.032206, "accumulation_observations": 2, "distribution_observations": 4 }, "risk": { "range_context": 0.125643, "annualized_volatility": 0.571053, "from_high_reference": -0.424804, "from_low_reference": 0.212966 }, "levels": { "trend_reference": 46.881831, "fair_value_reference": 33.31176, "structural_low": 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45.338184, 46.516285 ] }, { "date": "2026-07-24", "close": 35.18, "volume": 6213646, "typical_volume": 6361618.7, "trend": 47.840794, "fair_value": 33.169029, "relative_strength": -31.092724, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -75.783479, "energy": 75.562697, "activity_lines": [ 37.761333, 40.90163, 44.279548, 45.667848 ] }, { "date": "2026-07-31", "close": 38.700001, "volume": 7509799, "typical_volume": 6330435.05, "trend": 47.399654, "fair_value": 33.23234, "relative_strength": -22.464537, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.113595, "energy": 70.586815, "activity_lines": [ 37.69, 39.987387, 43.628712, 45.078119 ] }, { "date": "2026-08-07", "close": 40.040001, "volume": 5653103, "typical_volume": 6395824.5, "trend": 46.881831, "fair_value": 33.31176, "relative_strength": -23.17908, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -61.213157, "energy": 64.345666, "activity_lines": [ 38.068667, 39.606909, 43.148711, 44.603303 ] } ], "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." } } }