{ "ticker": { "uuid": "980d38d3-bc74-4318-9eab-576f6aa6d510", "symbol": "002246", "name": "North Chemical Industries 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 54.149, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -45.275, "architecture_energy": 32.185, "architecture_maturity": 33.074, "architecture_confidence": 57.112, "architecture_tenure": "New", "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": 37.05, "rotation_up": 24.16, "upward_expansion": 15.71, "deceleration": 63.85, "rotation_down": 40.83, "downward_expansion": 65.71 }, "activity_lines": [ 19.278666, 19.162083, 20.427906, 21.237349 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 19.879999, "trend_reference": 21.787011, "distance_from_trend": -0.08753, "trend_direction": "Improving", "fair_value": 13.284072, "distance_from_fair_value": 0.496529, "fair_value_direction": "Weakening", "relative_strength": -5.473927, "relative_strength_direction": "Weakening", "price_momentum": -0.073359, "excess_performance": -0.080759, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.08753, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.0207, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.496529, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.461464, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.054739, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.115667, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.073359, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.990876, "read": "Supply-led" } ], "volume": { "latest": 67161816, "relative_activity": 0.731731, "balance": 0.990876, "dry_up": 0.9346, "accumulation_observations": 2, "distribution_observations": 3 }, "risk": { "range_context": 0.109263, "annualized_volatility": 0.432604, "from_high_reference": -0.28369, "from_low_reference": 0.294164 }, "levels": { "trend_reference": 21.787011, "fair_value_reference": 13.284072, "structural_low": 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"fair_value": 13.034219, "relative_strength": -19.827735, "stage": 3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -48.317339, "energy": 66.356344, "activity_lines": [ 18.834, 19.946814, 21.638744, 21.884873 ] }, { "date": "2026-07-17", "close": 17.440001, "volume": 93378759, "typical_volume": 113750099.2, "trend": 21.550901, "fair_value": 13.086351, "relative_strength": -13.929763, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -46.655679, "energy": 67.810618, "activity_lines": [ 18.189333, 19.312614, 21.14544, 21.619785 ] }, { "date": "2026-07-24", "close": 19.389999, "volume": 85427481, "typical_volume": 100987590.15, "trend": 21.642577, "fair_value": 13.148397, "relative_strength": -4.503302, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -63.216857, "energy": 66.282747, "activity_lines": [ 18.456, 19.156219, 20.85604, 21.480372 ] }, { "date": "2026-07-31", "close": 19.719999, "volume": 97160550, "typical_volume": 94658417.15, "trend": 21.724279, "fair_value": 13.215088, "relative_strength": -1.354653, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -59.86185, "energy": 49.207308, "activity_lines": [ 18.882, 19.113323, 20.623878, 21.356335 ] }, { "date": "2026-08-07", "close": 19.879999, "volume": 67161816, "typical_volume": 91784858.15, "trend": 21.787011, "fair_value": 13.284072, "relative_strength": -5.473927, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -45.2747, "energy": 32.185123, "activity_lines": [ 19.278666, 19.162083, 20.427906, 21.237349 ] } ], "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." } } }