{ "ticker": { "uuid": "d3abc99f-7b88-434f-8448-8d70aa1564b6", "symbol": "600803", "name": "ENN Natural Gas Co., Ltd.", "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": -40.775, "architecture_energy": 28.543, "architecture_maturity": 83.215, "architecture_confidence": 85.797, "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": 24.92, "rotation_up": 28.74, "upward_expansion": 18.43, "deceleration": 47.0, "rotation_down": 27.22, "downward_expansion": 66.1 }, "activity_lines": [ 17.163332, 16.626064, 17.573286, 18.460982 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.333333 }, "latest_close": 17.299999, "trend_reference": 19.279689, "distance_from_trend": -0.102683, "trend_direction": "Weakening", "fair_value": 17.898963, "distance_from_fair_value": -0.033464, "fair_value_direction": "Weakening", "relative_strength": -10.191269, "relative_strength_direction": "Weakening", "price_momentum": -0.113275, "excess_performance": -0.070071, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.102683, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.069753, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.033464, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.168446, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.101913, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.049792, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.113275, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.791359, "read": "Supply-led" } ], "volume": { "latest": 42299540, "relative_activity": 0.994713, "balance": 0.791359, "dry_up": 1.075472, "accumulation_observations": 4, "distribution_observations": 2 }, "risk": { "range_context": 0.072923, "annualized_volatility": 0.334752, "from_high_reference": -0.295316, "from_low_reference": 0.167673 }, "levels": { "trend_reference": 19.279689, "fair_value_reference": 17.898963, "structural_low": 14.815793, "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": 15, "median_return": 0.038645, "positive_rate": 0.733333, "directional_follow_through": 0.266667, "median_excess_return": 0.012462, "regime_survival": 0.733333, "best_return": 0.144626, "worst_return": -0.141072, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 6, "median_return": 0.049264, "positive_rate": 0.833333, "directional_follow_through": 0.166667, "median_excess_return": 0.087244, "regime_survival": 0.333333, "best_return": 0.25031, "worst_return": -0.113099, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": 0.133073, "positive_rate": 1.0, "directional_follow_through": 0.0, "median_excess_return": 0.123076, "regime_survival": 0.0, "best_return": 0.270675, "worst_return": 0.090594, "sufficient": false 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51094727, "typical_volume": 50325778.1, "trend": 19.499356, "fair_value": 17.892269, "relative_strength": -8.151805, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.91272, "energy": 59.439073, "activity_lines": [ 16.258486, 16.377361, 17.868055, 18.705781 ] }, { "date": "2026-07-31", "close": 17.799999, "volume": 44588459, "typical_volume": 45406447.8, "trend": 19.395022, "fair_value": 17.895956, "relative_strength": -5.282652, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -47.856101, "energy": 40.387894, "activity_lines": [ 16.888061, 16.528439, 17.732909, 18.596145 ] }, { "date": "2026-08-07", "close": 17.299999, "volume": 42299540, "typical_volume": 42524366.5, "trend": 19.279689, "fair_value": 17.898963, "relative_strength": -10.191269, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -40.775263, "energy": 28.542555, "activity_lines": [ 17.163332, 16.626064, 17.573286, 18.460982 ] } ], "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." } } }