{ "ticker": { "uuid": "bb93792a-4a8c-4a39-bd9a-f2e6fa1d6521", "symbol": "300462", "name": "Shanghai Huaming Intelligent Terminal Equipment 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": 59.734, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -42.273, "architecture_energy": 26.567, "architecture_maturity": 55.706, "architecture_confidence": 81.725, "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": 32.27, "rotation_up": 26.68, "upward_expansion": 15.89, "deceleration": 46.72, "rotation_down": 33.7, "downward_expansion": 65.89 }, "activity_lines": [ 11.074, 10.799091, 11.416095, 11.788495 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.5 }, "latest_close": 11.78, "trend_reference": 12.060333, "distance_from_trend": -0.023244, "trend_direction": "Weakening", "fair_value": 10.537756, "distance_from_fair_value": 0.117885, "fair_value_direction": "Weakening", "relative_strength": -1.760863, "relative_strength_direction": "Weakening", "price_momentum": 0.005119, "excess_performance": -0.00228, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.023244, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.022954, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.117885, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.199669, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.017609, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.010354, "read": "Weakening" }, { "label": "Price momentum", "positive": true, "value": 0.005119, "read": "Positive" }, { "label": "Volume balance", "positive": false, "value": 0.444513, "read": "Supply-led" } ], "volume": { "latest": 7741100, "relative_activity": 0.822532, "balance": 0.444513, "dry_up": 0.670824, "accumulation_observations": 0, "distribution_observations": 3 }, "risk": { "range_context": 0.08502, "annualized_volatility": 0.395191, "from_high_reference": -0.181376, "from_low_reference": 0.243928 }, "levels": { "trend_reference": 12.060333, "fair_value_reference": 10.537756, "structural_low": 9.47, "invalidation": "Reclaiming a flat-to-rising Trend with improving relative strength is required before the declining diagnosis is repaired." }, "outcomes": [ { "horizon": "Near term", "sample_count": 17, "median_return": 0.040795, "positive_rate": 0.823529, "directional_follow_through": 0.176471, "median_excess_return": 0.043932, "regime_survival": 0.647059, "best_return": 0.48906, "worst_return": -0.230196, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 8, "median_return": 0.072594, "positive_rate": 0.625, "directional_follow_through": 0.375, "median_excess_return": 0.091363, "regime_survival": 0.5, "best_return": 0.289766, "worst_return": -0.095993, "sufficient": true }, { "horizon": "Extended", "sample_count": 5, "median_return": 0.253241, "positive_rate": 0.8, "directional_follow_through": 0.2, "median_excess_return": 0.082062, "regime_survival": 0.2, "best_return": 0.341026, "worst_return": -0.181733, "sufficient": true }, { "horizon": "Full cycle", 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"volume": 4136600, "typical_volume": 11895119.35, "trend": 12.114333, "fair_value": 10.556898, "relative_strength": -18.437185, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -66.457474, "energy": 80.85932, "activity_lines": [ 10.386667, 11.046545, 11.912048, 12.091699 ] }, { "date": "2026-07-17", "close": 10.22, "volume": 5104610, "typical_volume": 11739009.85, "trend": 12.081, "fair_value": 10.547564, "relative_strength": -11.746944, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.234788, "energy": 79.133238, "activity_lines": [ 10.298667, 10.771273, 11.706714, 11.969484 ] }, { "date": "2026-07-24", "close": 10.05, "volume": 6410400, "typical_volume": 11159469.85, "trend": 12.043333, "fair_value": 10.536923, "relative_strength": -13.180872, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -68.711428, "energy": 70.067369, "activity_lines": [ 10.187333, 10.531818, 11.495905, 11.838452 ] }, { "date": "2026-07-31", "close": 11.55, "volume": 5997199, "typical_volume": 10512470.4, "trend": 12.061, "fair_value": 10.533654, "relative_strength": 1.36107, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -50.050272, "energy": 39.902632, "activity_lines": [ 10.648667, 10.627455, 11.440905, 11.806624 ] }, { "date": "2026-08-07", "close": 11.78, "volume": 7741100, "typical_volume": 9411304.8, "trend": 12.060333, "fair_value": 10.537756, "relative_strength": -1.760863, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -42.273492, "energy": 26.567351, "activity_lines": [ 11.074, 10.799091, 11.416095, 11.788495 ] } ], "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." } } }