{ "ticker": { "uuid": "da1b5456-32dc-45f5-8fc4-4a4a41725c44", "symbol": "600461", "name": "Jiangxi Hongcheng Environment 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": "4a", "phase_label": "Stage 4A \u00b7 Breakdown", "transition": "stage_4_declining", "transition_label": "Stage 4 decline intact", "confidence": 89.854, "architecture_regime": "downward_expansion", "architecture_regime_label": "Downward Expansion", "architecture_modifier": "Early contraction", "architecture_gate": "down", "architecture_direction": -46.754, "architecture_energy": 26.256, "architecture_maturity": 54.043, "architecture_confidence": 70.796, "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": 33.93, "rotation_up": 25.93, "upward_expansion": 15.14, "deceleration": 46.03, "rotation_down": 29.69, "downward_expansion": 60.47 }, "activity_lines": [ 9.105333, 9.041875, 9.241991, 9.399385 ], "activity_state": "Moderate", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.166667 }, "latest_close": 8.9, "trend_reference": 9.537553, "distance_from_trend": -0.066847, "trend_direction": "Weakening", "fair_value": 9.151591, "distance_from_fair_value": -0.027492, "fair_value_direction": "Weakening", "relative_strength": -4.900217, "relative_strength_direction": "Improving", "price_momentum": -0.076763, "excess_performance": -0.03356, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.066847, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.016251, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.027492, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.100187, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.049002, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.017465, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.076763, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 3.196786, "read": "Demand-led" } ], "volume": { "latest": 63638913, "relative_activity": 1.527698, "balance": 3.196786, "dry_up": 1.541623, "accumulation_observations": 5, "distribution_observations": 2 }, "risk": { "range_context": 0.047261, "annualized_volatility": 0.203599, "from_high_reference": -0.140927, "from_low_reference": 0.036861 }, "levels": { "trend_reference": 9.537553, "fair_value_reference": 9.151591, "structural_low": 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"date": "2026-07-10", "close": 8.99, "volume": 51196349, "typical_volume": 37175289.9, "trend": 9.59422, "fair_value": 9.101884, "relative_strength": -6.11608, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.345377, "energy": 73.367937, "activity_lines": [ 8.898661, 9.092518, 9.402307, 9.511958 ] }, { "date": "2026-07-17", "close": 9.13, "volume": 64134196, "typical_volume": 38753957.05, "trend": 9.57322, "fair_value": 9.114893, "relative_strength": 1.421194, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -58.528726, "energy": 45.872537, "activity_lines": [ 8.980001, 9.064416, 9.356276, 9.482009 ] }, { "date": "2026-07-24", "close": 9.17, "volume": 67824978, "typical_volume": 39708048.9, "trend": 9.557554, "fair_value": 9.127302, "relative_strength": 0.740469, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -44.192364, "energy": 31.867412, "activity_lines": [ 9.066099, 9.052642, 9.318101, 9.455994 ] }, { "date": "2026-07-31", "close": 9.33, "volume": 61277846, "typical_volume": 40607358.4, "trend": 9.549887, "fair_value": 9.141207, "relative_strength": 2.187128, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -38.021783, "energy": 22.33186, "activity_lines": [ 9.174667, 9.081396, 9.298832, 9.441313 ] }, { "date": "2026-08-07", "close": 8.9, "volume": 63638913, "typical_volume": 41656725.6, "trend": 9.537553, "fair_value": 9.151591, "relative_strength": -4.900217, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -46.753713, "energy": 26.255825, "activity_lines": [ 9.105333, 9.041875, 9.241991, 9.399385 ] } ], "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." } } }