{ "ticker": { "uuid": "ccd33a22-6162-4563-8d29-8f1cf4544353", "symbol": "301303", "name": "Zenner Metering Technology (Shanghai) 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": 62.49, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -55.493, "architecture_energy": 49.011, "architecture_maturity": 5.802, "architecture_confidence": 76.417, "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": 41.32, "rotation_up": 9.1, "upward_expansion": 7.34, "deceleration": 43.07, "rotation_down": 67.71, "downward_expansion": 80.68 }, "activity_lines": [ 13.832667, 14.637273, 14.893732, 15.023379 ], "activity_state": "Moderate", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 14.51, "trend_reference": 15.23397, "distance_from_trend": -0.047523, "trend_direction": "Weakening", "fair_value": 14.990154, "distance_from_fair_value": -0.032031, "fair_value_direction": "Improving", "relative_strength": -9.402776, "relative_strength_direction": "Improving", "price_momentum": -0.074725, "excess_performance": -0.082124, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.047523, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.00036, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.032031, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.009299, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.094028, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.117668, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.074725, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.830479, "read": "Supply-led" } ], "volume": { "latest": 35278322, "relative_activity": 1.55908, "balance": 0.830479, "dry_up": 1.221442, "accumulation_observations": 3, "distribution_observations": 3 }, "risk": { "range_context": 0.133045, "annualized_volatility": 0.545972, "from_high_reference": -0.234705, "from_low_reference": 0.217282 }, "levels": { "trend_reference": 15.23397, "fair_value_reference": 14.990154, "structural_low": 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"activity_lines": [ 16.204, 15.892917, 15.507892, 15.477033 ] }, { "date": "2026-07-17", "close": 13.31, "volume": 32243615, "typical_volume": 22186931.45, "trend": 15.354816, "fair_value": 15.134695, "relative_strength": -14.883549, "stage": 3, "regime": "balance", "modifier": "Upper balance after advance", "gate": "mixed", "direction": -30.149875, "energy": 16.330558, "activity_lines": [ 15.191333, 15.499441, 15.308277, 15.341526 ] }, { "date": "2026-07-24", "close": 12.95, "volume": 26561810, "typical_volume": 22111352.05, "trend": 15.291525, "fair_value": 15.082204, "relative_strength": -16.99853, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -63.983605, "energy": 41.052188, "activity_lines": [ 14.206667, 15.068488, 15.088284, 15.186377 ] }, { "date": "2026-07-31", "close": 13.5, "volume": 16469781, "typical_volume": 21716487.15, "trend": 15.244935, "fair_value": 15.031108, "relative_strength": -11.703274, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -58.067808, "energy": 43.856315, "activity_lines": [ 13.740667, 14.756909, 14.937135, 15.070794 ] }, { "date": "2026-08-07", "close": 14.51, "volume": 35278322, "typical_volume": 22627657.75, "trend": 15.23397, "fair_value": 14.990154, "relative_strength": -9.402776, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -55.493146, "energy": 49.01142, "activity_lines": [ 13.832667, 14.637273, 14.893732, 15.023379 ] } ], "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." } } }