{ "ticker": { "uuid": "a2daeed4-81a7-4f1f-bfa5-a770b2777e49", "symbol": "688285", "name": "China Railway High-speed Electrification Equipment Corporation Limited", "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": 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": "Established contraction", "architecture_gate": "down", "architecture_direction": -61.225, "architecture_energy": 52.987, "architecture_maturity": 39.318, "architecture_confidence": 96, "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": 11.56, "rotation_up": 22.88, "upward_expansion": 8.63, "deceleration": 54.9, "rotation_down": 53.56, "downward_expansion": 79.63 }, "activity_lines": [ 7.14, 7.209818, 7.711143, 8.046538 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 7.46, "trend_reference": 8.496667, "distance_from_trend": -0.122009, "trend_direction": "Weakening", "fair_value": 8.053653, "distance_from_fair_value": -0.073712, "fair_value_direction": "Weakening", "relative_strength": -13.560017, "relative_strength_direction": "Weakening", "price_momentum": -0.222917, "excess_performance": -0.179713, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.122009, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.061453, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.073712, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.240158, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.1356, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.123217, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.222917, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.273282, "read": "Supply-led" } ], "volume": { "latest": 13717954, "relative_activity": 0.855818, "balance": 0.273282, "dry_up": 0.852289, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.07682, "annualized_volatility": 0.309346, "from_high_reference": -0.272904, "from_low_reference": 0.123494 }, "levels": { "trend_reference": 8.496667, "fair_value_reference": 8.053653, "structural_low": 6.64, 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"trend": 8.592333, "fair_value": 8.074991, "relative_strength": -20.867836, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -79.268002, "energy": 84.898092, "activity_lines": [ 6.999333, 7.273091, 7.875381, 8.208452 ] }, { "date": "2026-07-31", "close": 7.16, "volume": 12927298, "typical_volume": 15828971.0, "trend": 8.537333, "fair_value": 8.062256, "relative_strength": -15.161452, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -64.724436, "energy": 70.651039, "activity_lines": [ 7.02, 7.197455, 7.774238, 8.116043 ] }, { "date": "2026-08-07", "close": 7.46, "volume": 13717954, "typical_volume": 16029051.5, "trend": 8.496667, "fair_value": 8.053653, "relative_strength": -13.560017, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -61.225282, "energy": 52.986672, "activity_lines": [ 7.14, 7.209818, 7.711143, 8.046538 ] } ], "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." } } }