Weekly structural research · SHZ · Industrials

300748 Stage Analysis

JL Mag Rare-Earth Co., Ltd.

Week ending 2 Oct 2026Close CNY 24.11Tenure ExtendedBenchmark 399001.SZ

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Downward Expansion · Established contraction

The weekly architecture is expanding downward.

Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation.

The Trend gate is down within the current regime.
Fast Activity versus Slow Activity: stable.
Activity structure: wide and expanding.

Direction -76−100 bearish to +100 bullish

Energy 80/100directional strength

Maturity 69/100lifecycle context

Confidence 96/100evidence agreement

Trend gate Downstructural direction

Activity structure Wideexpanding separation

Price acceptance -100.0%position within the Activity structure

Fair Value context +4.1%CNY 23.17 · weakening

Trend Architecture map · Historical context

Weekly close, Activity, Trend and Fair Value

Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.

CloseTrendCurrent Fair Value

Background stage key

BalanceDirection is contained.
Rotation UpStructure is turning higher.
Upward ExpansionUptrend is established.
DecelerationUptrend is losing energy.
Rotation DownStructure is turning lower.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-10-02	24.11	29.68	-19.18	31439125	Downward Expansion	-76	80
2026-09-25	25.29	30.07	-18.44	48640279	Downward Expansion	-65	67
2026-09-18	25.36	30.58	-20.66	52481066	Downward Expansion	-65	61
2026-09-11	24.78	30.97	-22.14	61779668	Downward Expansion	-71	49
2026-09-04	26.11	31.31	-18.92	13422008	Downward Expansion	-54	38
2026-08-28	27.03	31.68	-19.51	13696785	Downward Expansion	-47	33
2026-08-21	27.57	32.07	-19.06	18760523	Downward Expansion	-57	41
2026-08-14	27.66	32.41	-20.55	22847943	Downward Expansion	-62	64
2026-08-07	27.86	32.74	-20.09	46207185	Downward Expansion	-63	76
2026-07-31	25.60	32.94	-22.90	28937191	Downward Expansion	-69	81
2026-07-24	24.23	33.23	-28.43	26212450	Downward Expansion	-80	79
2026-07-17	25.16	33.52	-25.70	25056895	Downward Expansion	-80	66
2026-07-10	28.69	33.84	-23.16	35133797	Downward Expansion	-67	35
2026-07-03	34.25	34.10	-11.65	85363346	Downward Expansion	-39	23
2026-06-26	30.07	34.07	-23.33	39952355	Downward Expansion	-65	60
2026-06-19	33.43	34.16	-16.27	186525606	Downward Expansion	-49	46
2026-06-12	30.19	34.19	-19.14	42527031	Downward Expansion	-63	52
2026-06-05	31.12	34.40	-18.60	41581354	Downward Expansion	-55	25
2026-05-29	32.27	34.65	-16.95	182840630	Downward Expansion	-34	20
2026-05-22	34.34	34.89	-11.66	205764940	Downward Expansion	-22	18
2026-05-15	35.43	35.07	-8.57	288446217	Downward Expansion	-19	14
2026-05-08	34.46	35.20	-10.96	133371681	Downward Expansion	-35	18
2026-05-01	32.77	35.18	-12.65	143634413	Downward Expansion	-42	25
2026-04-24	31.73	35.23	-14.36	161990814	Downward Expansion	-58	38
2026-04-17	32.80	35.34	-11.01	145388998	Downward Expansion	-58	58
2026-04-10	32.49	35.48	-8.27	137065139	Downward Expansion	-62	68
2026-04-03	30.25	35.60	-8.26	101949651	Downward Expansion	-69	73
2026-03-27	31.00	35.94	-8.50	146535425	Balance	-66	59
2026-03-20	30.56	35.91	-10.18	117958696	Balance	-67	43
2026-03-13	33.71	35.82	-3.56	148784523	Balance	3	3
2026-03-06	35.76	35.62	3.39	224660134	Upward Expansion	40	20
2026-02-27	40.84	35.31	15.98	260069633	Upward Expansion	67	36
2026-02-13	37.06	34.90	8.89	220601633	Upward Expansion	49	26
2026-02-06	34.78	34.54	4.29	204840293	Upward Expansion	39	32
2026-01-30	37.43	34.24	10.32	442809755	Upward Expansion	50	48
2026-01-23	38.65	33.74	12.73	240517911	Deceleration	58	49
2026-01-16	37.59	33.20	11.43	351017286	Deceleration	42	25
2026-01-09	37.58	32.68	13.32	358563222	Deceleration	38	16
2026-01-02	33.91	32.21	7.43	76421270	Deceleration	10	9
2025-12-26	34.25	31.78	8.58	134118698	Deceleration	13	7
2025-12-19	33.13	31.29	9.46	154774616	Deceleration	9	8
2025-12-12	34.83	30.85	14.74	228865807	Deceleration	17	14
2025-12-05	36.22	30.40	21.15	247865921	Deceleration	29	22
2025-11-28	33.58	29.89	14.53	130537463	Deceleration	26	23
2025-11-21	32.72	29.44	16.29	163916880	Deceleration	31	18
2025-11-14	34.30	29.02	16.27	163740991	Upward Expansion	43	29
2025-11-07	36.36	28.51	22.39	222759010	Upward Expansion	58	45
2025-10-31	38.75	27.99	31.57	412652493	Upward Expansion	61	52
2025-10-24	39.55	27.38	36.29	309878907	Upward Expansion	66	54
2025-10-17	39.57	26.73	44.63	623590975	Upward Expansion	70	53
2025-10-10	39.45	26.06	39.25	293632202	Upward Expansion	76	55
2025-10-03	33.92	25.44	20.02	101532724	Upward Expansion	60	50
2025-09-26	34.28	25.02	25.57	244694104	Upward Expansion	64	59
2025-09-19	34.89	24.57	30.74	381849509	Upward Expansion	68	83
2025-09-12	36.96	24.14	42.00	347700883	Upward Expansion	76	88
2025-09-05	36.10	23.57	44.60	482091873	Upward Expansion	77	84
2025-08-29	40.55	23.06	63.65	836977121	Upward Expansion	95	87
2025-08-22	29.97	22.36	28.67	413886107	Upward Expansion	79	63
2025-08-15	27.86	22.05	26.64	218244603	Upward Expansion	69	74
2025-08-08	27.85	21.78	33.86	290406611	Upward Expansion	71	81
2025-08-01	26.41	21.46	30.06	254416671	Upward Expansion	65	81
2025-07-25	28.39	21.15	39.08	439010066	Upward Expansion	87	88
2025-07-18	26.44	20.83	34.27	460314263	Upward Expansion	82	79
2025-07-11	25.67	20.58	34.57	382858534	Upward Expansion	81	70
2025-07-04	22.35	20.38	20.64	257464656	Upward Expansion	55	57
2025-06-27	22.46	20.32	23.71	228950918	Upward Expansion	56	56
2025-06-20	21.98	20.23	26.58	291789856	Balance	52	46
2025-06-13	23.54	20.18	35.20	594839582	Balance	67	44
2025-06-06	21.17	20.04	22.02	246063790	Balance	39	18
2025-05-30	19.54	20.06	15.11	79297467	Balance	11	6
2025-05-23	19.76	20.09	15.95	139265919	Balance	25	15
2025-05-16	21.31	19.98	25.17	253766428	Balance	50	26
2025-05-09	20.92	19.72	24.46	212886662	Balance	37	14
2025-05-02	20.13	19.45	23.32	84748693	Balance	19	8
2025-04-25	20.11	19.26	23.77	232388406	Balance	28	11
2025-04-18	18.94	18.99	18.92	228834225	Balance	18	9
2025-04-11	20.94	18.69	31.41	473554246	Upward Expansion	38	17
2025-04-04	20.48	18.33	22.69	95433307	Upward Expansion	33	16
2025-03-28	19.81	17.98	16.49	116946416	Upward Expansion	35	19
2025-03-21	19.55	17.67	14.54	111134343	Upward Expansion	39	24
2025-03-14	20.82	17.36	19.08	213694217	Upward Expansion	55	40
2025-03-07	21.46	17.02	24.66	205905605	Upward Expansion	60	43
2025-02-28	20.59	16.68	22.56	291451382	Upward Expansion	55	48
2025-02-21	22.22	16.39	27.97	354118191	Upward Expansion	71	59
2025-02-14	19.61	16.03	15.81	183787678	Upward Expansion	54	47
2025-02-07	20.88	15.77	25.38	183161698	Upward Expansion	62	50
2025-01-31	19.47	15.47	22.14	48097913	Deceleration	50	34
2025-01-24	20.82	15.23	29.21	266962090	Deceleration	59	32
2025-01-17	19.61	14.96	23.52	290261745	Deceleration	40	21
2025-01-10	18.54	14.73	21.05	179059888	Deceleration	36	20
2025-01-03	17.01	14.56	9.75	91450307	Deceleration	38	23
2024-12-27	18.61	14.44	11.07	114559682	Deceleration	45	34
2024-12-20	19.19	14.28	14.15	98548130	Upward Expansion	47	38
2024-12-13	19.49	14.09	14.92	157401665	Upward Expansion	60	49
2024-12-06	20.71	13.91	21.11	337272043	Upward Expansion	67	57
2024-11-29	19.53	13.71	16.22	265002229	Upward Expansion	65	62
2024-11-22	20.74	13.54	25.55	246612519	Upward Expansion	73	88
2024-11-15	19.34	13.32	14.08	323430440	Upward Expansion	68	88
2024-11-08	21.66	13.14	23.23	803340697	Rotation Up	94	97
2024-11-01	20.32	12.91	23.83	361742199	Rotation Up	70	88
2024-10-25	16.43	12.75	-1.03	274005868	Rotation Up	53	62
2024-10-18	13.56	12.69	-16.26	107708252	Rotation Up	30	42
2024-10-11	13.03	12.75	-17.45	201330187	Rotation Up	5	27
2024-10-04	14.20	12.83	-14.33	62515998	Rotation Up	2	19
2024-09-27	12.11	12.90	-19.39	96056840	Downward Expansion	-45	41
2024-09-20	10.07	13.06	-21.37	23317164	Downward Expansion	-69	67
2024-09-13	9.94	13.26	-21.83	38995902	Downward Expansion	-76	80
2024-09-06	10.12	13.46	-22.20	44630491	Downward Expansion	-76	84
2024-08-30	10.50	13.57	-21.72	67878914	Downward Expansion	-73	81
2024-08-23	10.15	13.73	-23.02	47734725	Downward Expansion	-86	82
2024-08-16	10.77	13.94	-20.30	43299963	Downward Expansion	-81	74
2024-08-09	11.26	14.17	-17.34	36673916	Downward Expansion	-75	71
2024-08-02	11.70	14.41	-15.88	45266272	Downward Expansion	-69	76
2024-07-26	11.43	14.66	-18.42	45136916	Downward Expansion	-80	85
2024-07-19	11.82	14.93	-18.78	40087101	Downward Expansion	-77	83
2024-07-12	12.03	15.16	-17.23	53721034	Downward Expansion	-77	79
2024-07-05	12.29	15.37	-14.12	98252814	Downward Expansion	-76	71
2024-06-28	12.67	15.57	-13.09	49817501	Downward Expansion	-75	75
2024-06-21	12.78	15.74	-14.40	46186455	Downward Expansion	-76	73
2024-06-14	13.42	15.87	-12.02	27021039	Downward Expansion	-66	69
2024-06-07	13.27	15.98	-13.02	41978694	Downward Expansion	-72	69
2024-05-31	13.81	16.09	-10.57	53023124	Downward Expansion	-64	58
2024-05-24	13.52	16.15	-12.97	50378230	Downward Expansion	-72	60
2024-05-17	14.22	16.21	-11.18	54869667	Downward Expansion	-62	54
2024-05-10	14.69	16.26	-8.43	74479080	Downward Expansion	-58	50
2024-05-03	14.26	16.31	-9.73	33504896	Downward Expansion	-61	54
2024-04-26	14.22	16.36	-8.73	69221884	Downward Expansion	-62	53
2024-04-19	13.96	16.43	-8.60	102922337	Downward Expansion	-68	58
2024-04-12	14.83	16.53	-2.33	194895504	Downward Expansion	-59	51
2024-04-05	15.34	16.61	-2.08	68486795	Downward Expansion	-54	49
2024-03-29	14.73	16.61	-4.41	54393490	Balance	-63	44
2024-03-22	15.23	16.67	-2.76	79125408	Balance	-47	25
2024-03-15	15.67	16.73	-0.31	118140368	Balance	-14	9
2024-03-08	16.23	16.77	6.16	98478725	Balance	-1	6
2024-03-01	16.71	16.79	8.64	85343531	Rotation Down	-17	23
2024-02-23	16.33	16.81	10.51	94645747	Rotation Down	-21	40
2024-02-09	15.77	16.85	9.91	92547746	Rotation Down	-23	40
2024-02-02	13.56	16.92	3.60	63813473	Deceleration	-45	47
2024-01-26	15.20	17.06	6.83	66818361	Deceleration	-21	28
2024-01-19	16.40	17.09	15.12	42813277	Upward Expansion	20	14
2024-01-12	17.81	17.08	22.47	47389083	Upward Expansion	58	40
2024-01-05	18.25	17.02	24.44	57381721	Upward Expansion	63	57
2023-12-29	19.36	16.96	27.09	55572836	Upward Expansion	72	77
2023-12-22	19.56	16.84	33.33	76051385	Upward Expansion	81	81
2023-12-15	18.72	16.72	26.33	80592834	Upward Expansion	75	76
2023-12-08	18.15	16.63	20.86	104204436	Upward Expansion	70	71
2023-12-01	18.46	16.57	21.30	116499602	Balance	67	60
2023-11-24	17.57	16.50	14.45	129582715	Balance	36	30
2023-11-17	16.78	16.46	7.78	34181425	Balance	1	9
2023-11-10	16.77	16.49	7.59	69158045	Downward Expansion	-26	14
2023-11-03	16.52	16.50	7.27	56745837	Downward Expansion	-49	37
2023-10-27	15.56	16.51	1.79	53022367	Downward Expansion	-61	58
2023-10-20	15.28	16.56	1.68	25734115	Downward Expansion	-68	61
2023-10-13	16.00	16.60	0.98	33914963	Balance	-51	46
2023-09-29	15.94	16.64	-0.25	23623010	Balance	-44	32
2023-09-22	15.90	16.69	-1.47	31926775	Balance	-43	19

Price vs TrendBelow-18.8%

Trend directionFalling-10.7%

Price vs current Fair ValuePremium+4.1%

Fair Value directionMoving away-48.8%

Relative Strength vs benchmarkLagging-19.2%

Relative strength directionWeakening-7.5%

Price momentumNegative-20.3%

Volume balanceSupply-led0.43×

Beyond the current label

Is the structure strengthening or losing force?

Direction and energy measure different things

Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.

Direction

-76 / ±100

-22.6 points since 2026-09-04

Energy

80 /100

+42.6 points since 2026-09-04

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

300748 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance10

Rotation Up19

Upward Expansion18

Deceleration38

Rotation Down71

Downward Expansion96

The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.

Time spent in each state

The context behind today’s regime

2023-09-22 to 2026-10-02 · 156 classified observations out of 156 shown.

Balance 15%Rotation Up 4%Upward Expansion 31%Deceleration 12%Rotation Down 2%Downward Expansion 37%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-04-03	2026-10-02	Extended	-20.3%
Balance	2026-03-13	2026-03-27	New	-8.1%
Upward Expansion	2026-01-30	2026-03-06	Developing	-4.5%
Deceleration	2025-11-21	2026-01-23	Developing	+18.1%
Upward Expansion	2025-06-27	2025-11-14	Established	+52.7%
Balance	2025-04-18	2025-06-20	Developing	+16.0%
Upward Expansion	2025-02-07	2025-04-11	Developing	+0.3%
Deceleration	2024-12-27	2025-01-31	Developing	+4.6%
Upward Expansion	2024-11-15	2024-12-20	Developing	-0.8%
Rotation Up	2024-10-04	2024-11-08	Developing	+52.5%
Downward Expansion	2024-04-05	2024-09-27	Established	-21.1%
Balance	2024-03-08	2024-03-29	New	-9.3%
Rotation Down	2024-02-09	2024-03-01	New	+6.0%
Deceleration	2024-01-26	2024-02-02	New	-10.8%

Classic Stage Analysis comparison

Stage 1 · Basing36

Stage 2 · Advancing0

Stage 3 · Distribution34

Stage 4 · Declining100

Legacy result: Stage 4 · Stage 4B · Declining. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus 399001.SZ

Is relative performance confirming the geometry?

Confirmation, not classification

Relative Strength

The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.

Confirmation evidence

Lagging benchmark

Architecture confirmation: 97/100
Current Relative Strength: -19.18
Relative Strength direction: Weakening
Price momentum: -20.3%
Excess performance vs benchmark: -16.8%
Industrials regime cohort: 94th percentile447 in cohort

Test 300748 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.52×

Latest completed volume relative to typical participation.

Up/down volume0.43×

Participation balance between advancing and declining observations.

Accumulation / distribution0 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+0.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationStable

Current relationship between Fast Activity and Slow Activity.

Structure stability+25.0%

Whether recent Activity evidence is stable or remains in balance.

Weekly volume with architecture context

Bars show completed weekly volume; the dashed line provides typical-volume context. Both measures use the same scale.

Explore 300748 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity CNY 24.90falling

Slow Activity CNY 28.15falling

Trend Reference CNY 29.68-18.8% close margin

Current Fair Value CNY 23.17+4.1% close margin

Structural low CNY 23.92shock / repair context

What changes the read?

Fan contraction and a persistent upward fast/slow rotation are required before the declining structure is considered repaired.

Range context +7.8%

Annualized volatility +49.3%

From structural high -49.0%

From structural low +0.8%

Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.

Outcome horizon	Samples	Median move	Positive periods	Directional follow-through	Median excess vs 399001.SZ	Regime survived	Read
Near term	24	-1.6%-19.4% to +34.8%	+41.7%	+58.3%	-0.8%	+79.2%	Usable descriptive sample
Intermediate	9	+5.5%-29.6% to +45.9%	+55.6%	+44.4%	-3.6%	+44.4%	Usable descriptive sample
Extended	5	-7.4%-20.3% to +22.6%	+40.0%	+60.0%	-7.1%	+40.0%	Usable descriptive sample
Full cycle	3	-5.6%-12.6% to +41.2%	+33.3%	+66.7%	+3.7%	+66.7%	Too little matched history

Evidence framework

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.

Evidence roles

Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.

Fair Value and RS

Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.

Known limitations

Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.

300748 Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding downward.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength

Lagging benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Send a message

Evidence context

What the Activity Line geometry says now

The weekly architecture is expanding downward.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength ?

Lagging benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

Test the structure from another angle

Trend Persistence ↗

Directional State ↗

Similar Charts ↗

RMI Reversal Map ↗

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Relative Strength

Trend Persistence

Directional State

Similar Charts

RMI Reversal Map