{ "ticker": { "uuid": "e9c3a0c3-e08e-45fb-85c2-f83a928dd9ef", "symbol": "301046", "name": "Shanghai Nenghui 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": "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": -63.922, "architecture_energy": 80.62, "architecture_maturity": 22.786, "architecture_confidence": 80.107, "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": 22.97, "rotation_up": 10.71, "upward_expansion": 21.2, "deceleration": 34.18, "rotation_down": 76.75, "downward_expansion": 92.2 }, "activity_lines": [ 18.718667, 21.832, 23.989088, 24.651502 ], "activity_state": "Wide", "activity_direction": "Expanding", "rotation_direction": "Weakening", "price_acceptance": -0.5 }, "latest_close": 19.459999, "trend_reference": 25.4322, "distance_from_trend": -0.234828, "trend_direction": "Weakening", "fair_value": 22.899328, "distance_from_fair_value": -0.150193, "fair_value_direction": "Weakening", "relative_strength": -26.947817, "relative_strength_direction": "Weakening", "price_momentum": -0.237461, "excess_performance": -0.244861, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.234828, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.053446, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.150193, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": false, "value": -0.225883, "read": "Moving away" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.269478, "read": "Lagging" }, { "label": "Relative strength direction", "positive": false, "value": -0.115311, "read": "Weakening" }, { "label": "Price momentum", "positive": false, "value": -0.237461, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.084437, "read": "Demand-led" } ], "volume": { "latest": 17648474, "relative_activity": 0.916498, "balance": 1.084437, "dry_up": 1.190779, "accumulation_observations": 3, "distribution_observations": 4 }, "risk": { "range_context": 0.185919, "annualized_volatility": 0.675831, "from_high_reference": -0.42545, "from_low_reference": 0.283641 }, "levels": { "trend_reference": 25.4322, "fair_value_reference": 22.899328, "structural_low": 15.16, "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": 17, "median_return": 0.007503, "positive_rate": 0.588235, "directional_follow_through": 0.411765, "median_excess_return": 0.015917, "regime_survival": 0.647059, "best_return": 0.201739, "worst_return": -0.149027, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": -0.095822, "positive_rate": 0.428571, "directional_follow_through": 0.571429, "median_excess_return": -0.083721, "regime_survival": 0.571429, "best_return": 0.247732, "worst_return": -0.308694, "sufficient": true }, { "horizon": "Extended", "sample_count": 4, "median_return": -0.017957, "positive_rate": 0.5, "directional_follow_through": 0.5, "median_excess_return": -0.10715, "regime_survival": 0.25, "best_return": 0.4088, "worst_return": -0.256535, "sufficient": false }, { "horizon": 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-34.639217, "energy": 26.466284, "activity_lines": [ 24.757334, 26.117913, 26.22765, 26.197971 ] }, { "date": "2026-07-24", "close": 17.17, "volume": 27500010, "typical_volume": 22067973.65, "trend": 25.878867, "fair_value": 23.043766, "relative_strength": -33.829922, "stage": 4, "regime": "rotation_down", "modifier": "Structural failure", "gate": "down", "direction": -79.83616, "energy": 74.18128, "activity_lines": [ 21.777334, 24.356954, 25.366716, 25.618324 ] }, { "date": "2026-07-31", "close": 17.01, "volume": 17650208, "typical_volume": 19695519.1, "trend": 25.576867, "fair_value": 22.961238, "relative_strength": -33.078838, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -78.83614, "energy": 83.79735, "activity_lines": [ 19.512667, 22.768031, 24.53564, 25.046139 ] }, { "date": "2026-08-07", "close": 19.459999, "volume": 17648474, "typical_volume": 19256416.25, "trend": 25.4322, "fair_value": 22.899328, "relative_strength": -26.947817, "stage": 4, "regime": "downward_expansion", "modifier": "Early contraction", "gate": "down", "direction": -63.922058, "energy": 80.620055, "activity_lines": [ 18.718667, 21.832, 23.989088, 24.651502 ] } ], "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." } } }