{ "ticker": { "uuid": "eac32348-b13c-4f74-bfc5-27779a19f0e1", "symbol": "600011", "name": "Huaneng Power International, Inc.", "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": "4c", "phase_label": "Stage 4C \u00b7 Repair watch", "transition": "stage_4_to_1_watch", "transition_label": "Stage 4 \u2192 1 repair watch", "confidence": 78.321, "architecture_regime": "balance", "architecture_regime_label": "Balance", "architecture_modifier": "Upper balance after advance", "architecture_gate": "down", "architecture_direction": -49.704, "architecture_energy": 24.04, "architecture_maturity": 21.502, "architecture_confidence": 73.671, "architecture_tenure": "Developing", "architecture": { "interpretation": { "headline": "Directional pressure has compressed into balance.", "body": "Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base." }, "scores": { "balance": 42.24, "rotation_up": 17.73, "upward_expansion": 5.9, "deceleration": 55.22, "rotation_down": 48.32, "downward_expansion": 70.23 }, "activity_lines": [ 7.044, 7.071474, 7.159498, 7.182704 ], "activity_state": "Compressed", "activity_direction": "Contracting", "rotation_direction": "Weakening", "price_acceptance": -0.666667 }, "latest_close": 6.99, "trend_reference": 7.212142, "distance_from_trend": -0.030801, "trend_direction": "Weakening", "fair_value": 7.41588, "distance_from_fair_value": -0.057428, "fair_value_direction": "Improving", "relative_strength": -4.838836, "relative_strength_direction": "Improving", "price_momentum": -0.009915, "excess_performance": 0.033289, "evidence": [ { "label": "Price vs Trend", "positive": false, "value": -0.030801, "read": "Below" }, { "label": "Trend direction", "positive": false, "value": -0.031512, "read": "Falling" }, { "label": "Price vs current Fair Value", "positive": false, "value": -0.057428, "read": "Below anchor" }, { "label": "Fair Value direction", "positive": true, "value": 0.031642, "read": "Closing upward" }, { "label": "Relative Strength vs benchmark", "positive": false, "value": -0.048388, "read": "Lagging" }, { "label": "Relative strength direction", "positive": true, "value": 0.096729, "read": "Improving" }, { "label": "Price momentum", "positive": false, "value": -0.009915, "read": "Negative" }, { "label": "Volume balance", "positive": true, "value": 1.376859, "read": "Demand-led" } ], "volume": { "latest": 613538489, "relative_activity": 1.026504, "balance": 1.376859, "dry_up": 1.199533, "accumulation_observations": 4, "distribution_observations": 3 }, "risk": { "range_context": 0.077431, "annualized_volatility": 0.376068, "from_high_reference": -0.176678, "from_low_reference": 0.078625 }, "levels": { "trend_reference": 7.212142, "fair_value_reference": 7.41588, "structural_low": 6.480473, "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": 11, "median_return": 0.028133, "positive_rate": 0.636364, "directional_follow_through": 0.636364, "median_excess_return": 0.034631, "regime_survival": 0.363636, "best_return": 0.265432, "worst_return": -0.19802, "sufficient": true }, { "horizon": "Intermediate", "sample_count": 7, "median_return": 0.056931, "positive_rate": 0.714286, "directional_follow_through": 0.714286, "median_excess_return": 0.068948, "regime_survival": 0.0, "best_return": 0.700767, "worst_return": -0.194286, "sufficient": true }, { "horizon": "Extended", "sample_count": 6, "median_return": 0.073876, "positive_rate": 0.666667, "directional_follow_through": 0.666667, "median_excess_return": -0.014667, "regime_survival": 0.333333, "best_return": 0.897698, "worst_return": -0.267429, 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"stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -47.264022, "energy": 36.205958, "activity_lines": [ 6.956664, 7.193042, 7.193035, 7.214818 ] }, { "date": "2026-07-24", "close": 7.09, "volume": 1128771241, "typical_volume": 604403576.9, "trend": 7.257809, "fair_value": 7.435494, "relative_strength": -0.65544, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -51.803753, "energy": 40.359904, "activity_lines": [ 6.985051, 7.153527, 7.179158, 7.202421 ] }, { "date": "2026-07-31", "close": 7.19, "volume": 509369630, "typical_volume": 595809592.7, "trend": 7.227809, "fair_value": 7.426207, "relative_strength": 0.353435, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -48.0736, "energy": 26.641072, "activity_lines": [ 7.056667, 7.132999, 7.17728, 7.198046 ] }, { "date": "2026-08-07", "close": 6.99, "volume": 613538489, "typical_volume": 597697379.4, "trend": 7.212142, "fair_value": 7.41588, "relative_strength": -4.838836, "stage": 4, "regime": "balance", "modifier": "Upper balance after advance", "gate": "down", "direction": -49.703916, "energy": 24.040375, "activity_lines": [ 7.044, 7.071474, 7.159498, 7.182704 ] } ], "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." } } }