{ "ticker": { "uuid": "e6807b8c-da77-4218-95f2-00f7c1f54779", "symbol": "300605", "name": "Hengfeng Information Technology 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": "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": -49.293, "architecture_energy": 40.408, "architecture_maturity": 100.0, "architecture_confidence": 66.813, "architecture_tenure": "Established", "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": 15.37, "rotation_up": 27.07, "upward_expansion": 18.01, "deceleration": 66.99, "rotation_down": 43.94, "downward_expansion": 70.34 }, "activity_lines": [ 9.906667, 9.731091, 10.564286, 11.581161 ], "activity_state": "Wide", "activity_direction": "Contracting", "rotation_direction": "Improving", "price_acceptance": -0.666667 }, "latest_close": 10.47, "trend_reference": 13.036, "distance_from_trend": -0.19684, "trend_direction": "Weakening", "fair_value": 13.32884, "distance_from_fair_value": -0.214485, "fair_value_direction": "Weakening", "relative_strength": -30.319609, "relative_strength_direction": "Weakening", "price_momentum": -0.355692, "excess_performance": -0.363092, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.19684, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.153067, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.214485, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.208988, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.303196, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.010317, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.355692, "read": "Negative" }, { "label": "Volume balance", "positive": false, "value": 0.400234, "read": "Supply-led" } ], "volume": { "latest": 133790012, "relative_activity": 4.192703, "balance": 0.400234, "dry_up": 2.376057, "accumulation_observations": 1, "distribution_observations": 4 }, "risk": { "range_context": 0.128352, "annualized_volatility": 0.522014, "from_high_reference": -0.486261, "from_low_reference": 0.409152 }, "levels": { "trend_reference": 13.036, "fair_value_reference": 13.32884, "structural_low": 7.43, "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": 20, "median_return": -0.009828, "positive_rate": 0.45, "directional_follow_through": 0.55, "median_excess_return": -0.00467, "regime_survival": 0.8, "best_return": 0.152632, "worst_return": -0.171602, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.001337, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": 0.100189, "regime_survival": 0.571429, "best_return": 0.264453, "worst_return": -0.455823, "sufficient": true }, { "horizon": "Extended", "sample_count": 3, "median_return": 0.134135, "positive_rate": 0.666667, "directional_follow_through": 0.333333, "median_excess_return": 0.132285, "regime_survival": 0.333333, "best_return": 0.214083, "worst_return": -0.456551, "sufficient": false }, { "horizon": 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12.889871 ] }, { "date": "2026-07-10", "close": 9.29, "volume": 28549781, "typical_volume": 20995963.85, "trend": 13.893, "fair_value": 13.458691, "relative_strength": -44.37141, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -74.025871, "energy": 82.878416, "activity_lines": [ 9.522667, 10.148364, 11.493619, 12.573097 ] }, { "date": "2026-07-17", "close": 8.85, "volume": 32804603, "typical_volume": 21683354.65, "trend": 13.641, "fair_value": 13.418897, "relative_strength": -41.05042, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -76.285296, "energy": 71.253424, "activity_lines": [ 9.235333, 9.786545, 11.13219, 12.247742 ] }, { "date": "2026-07-24", "close": 8.42, "volume": 35803914, "typical_volume": 22109717.45, "trend": 13.372333, "fair_value": 13.378581, "relative_strength": -43.269007, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -77.710477, "energy": 68.93027, "activity_lines": [ 8.911333, 9.433636, 10.766952, 11.910903 ] }, { "date": "2026-07-31", "close": 11.0, "volume": 100883366, "typical_volume": 26176668.9, "trend": 13.208667, "fair_value": 13.353653, "relative_strength": -23.882892, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -63.822481, "energy": 54.666906, "activity_lines": [ 9.557333, 9.619091, 10.681095, 11.757849 ] }, { "date": "2026-08-07", "close": 10.47, "volume": 133790012, "typical_volume": 31910208.7, "trend": 13.036, "fair_value": 13.32884, "relative_strength": -30.319609, "stage": 4, "regime": "downward_expansion", "modifier": "Established contraction", "gate": "down", "direction": -49.292982, "energy": 40.408001, "activity_lines": [ 9.906667, 9.731091, 10.564286, 11.581161 ] } ], "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." } } }