{ "ticker": { "uuid": "cafb6ab8-6a80-456a-b8f2-e0f7f89a3f66", "symbol": "002560", "name": "Henan Tong-Da Cable 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": 96.0, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -67.009, "architecture_energy": 82.998, "architecture_maturity": 18.619, "architecture_confidence": 86.907, "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": 14.46, "rotation_up": 8.94, "upward_expansion": 20.34, "deceleration": 37.14, "rotation_down": 78.42, "downward_expansion": 96.01 }, "activity_lines": [ 6.122667, 6.613636, 7.703764, 7.950108 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.833333 }, "latest_close": 6.38, "trend_reference": 8.052946, "distance_from_trend": -0.207743, "trend_direction": "Improving", "fair_value": 5.51342, "distance_from_fair_value": 0.157176, "fair_value_direction": "Weakening", "relative_strength": -13.015999, "relative_strength_direction": "Weakening", "price_momentum": -0.076058, "excess_performance": -0.083458, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.207743, "read": "Below" }, { "label": "Trend direction", "positive": true, "value": 0.028677, "read": "Rising" }, { "label": "Price vs current Fair Value", "positive": true, "value": 0.157176, "read": "Premium" }, { "label": "Fair Value direction", "positive": false, "value": -0.900889, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.13016, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.496814, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.076058, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.297168, "read": "Supply-led" } ], "volume": { "latest": 174606432, "relative_activity": 0.452695, "balance": 0.297168, "dry_up": 0.538703, "accumulation_observations": 0, "distribution_observations": 2 }, "risk": { "range_context": 0.145958, "annualized_volatility": 0.608075, "from_high_reference": -0.505426, "from_low_reference": 0.285084 }, "levels": { "trend_reference": 8.052946, "fair_value_reference": 5.51342, "structural_low": 5.1, 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3, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -38.435868, "energy": 57.084869, "activity_lines": [ 7.470667, 8.088651, 8.666457, 8.506055 ] }, { "date": "2026-07-17", "close": 5.59, "volume": 187828367, "typical_volume": 389670130.9, "trend": 8.147672, "fair_value": 5.509915, "relative_strength": -21.145794, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.799752, "energy": 71.655234, "activity_lines": [ 6.769333, 7.518364, 8.373932, 8.338658 ] }, { "date": "2026-07-24", "close": 5.86, "volume": 255109992, "typical_volume": 387721275.45, "trend": 8.116609, "fair_value": 5.509085, "relative_strength": -17.44232, "stage": 4, "regime": "rotation_down", "modifier": "Supply rotation", "gate": "mixed", "direction": -51.803058, "energy": 76.347204, "activity_lines": [ 6.333333, 7.095636, 8.11787, 8.191066 ] }, { "date": "2026-07-31", "close": 6.08, "volume": 213574666, "typical_volume": 385788653.55, "trend": 8.078243, "fair_value": 5.509532, "relative_strength": -12.864886, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -69.743866, "energy": 84.894148, "activity_lines": [ 6.127333, 6.796364, 7.892965, 8.059672 ] }, { "date": "2026-08-07", "close": 6.38, "volume": 174606432, "typical_volume": 385704075.3, "trend": 8.052946, "fair_value": 5.51342, "relative_strength": -13.015999, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -67.008504, "energy": 82.998074, "activity_lines": [ 6.122667, 6.613636, 7.703764, 7.950108 ] } ], "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." } } }