Weekly structural research · SHH · Consumer Cyclical

600679 Stage Analysis

Shanghai Phoenix Enterprise (Group) Co., Ltd.

Week ending 2 Oct 2026Close CNY 10.55Tenure NewBenchmark 000001.SS

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Rotation Up · Emerging rotation

The Activity Line structure is rotating upward.

Fast Activity is improving relative to Slow Activity and price acceptance is strengthening. This is earlier than full positive Trend confirmation and remains a developing repair.

The Trend gate is mixed within the current regime.
Fast Activity versus Slow Activity: improving.
Activity structure: moderate and expanding.

Direction 32−100 bearish to +100 bullish

Energy 50/100directional strength

Maturity 6/100lifecycle context

Confidence 73/100evidence agreement

Trend gate Mixedstructural direction

Activity structure Moderateexpanding separation

Price acceptance +100.0%position within the Activity structure

Fair Value context -5.8%CNY 11.21 · improving

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	10.55	10.27	-5.15	13071804	Rotation Up	32	50
2026-09-25	10.63	10.32	-5.88	45452668	Rotation Up	18	39
2026-09-18	10.28	10.40	-9.97	18744426	Balance	11	29
2026-09-11	10.01	10.48	-12.31	13186717	Balance	-1	21
2026-09-04	10.15	10.58	-12.61	16938670	Downward Expansion	-2	16
2026-08-28	10.18	10.68	-13.34	6683753	Downward Expansion	-23	18
2026-08-21	9.39	10.79	-19.61	1747400	Downward Expansion	-40	29
2026-08-14	9.48	10.91	-19.86	1677600	Downward Expansion	-44	35
2026-08-07	9.39	11.05	-21.44	2373500	Downward Expansion	-47	41
2026-07-31	9.54	11.18	-18.55	3055600	Downward Expansion	-51	49
2026-07-24	8.96	11.32	-23.69	1508100	Downward Expansion	-67	63
2026-07-17	9.20	11.48	-21.29	2944400	Downward Expansion	-66	65
2026-07-10	8.93	11.64	-28.58	2767503	Downward Expansion	-68	84
2026-07-03	9.14	11.83	-28.44	3301120	Downward Expansion	-67	85
2026-06-26	8.65	11.99	-32.61	3810200	Downward Expansion	-86	88
2026-06-19	8.96	12.14	-31.90	12643169	Downward Expansion	-87	85
2026-06-12	9.40	12.30	-28.25	4650200	Downward Expansion	-85	78
2026-06-05	10.57	12.43	-19.97	10592253	Downward Expansion	-67	73
2026-05-29	9.76	12.52	-27.49	16224000	Downward Expansion	-89	90
2026-05-22	10.24	12.63	-25.40	16371104	Downward Expansion	-87	84
2026-05-15	10.79	12.70	-22.51	18384761	Downward Expansion	-78	79
2026-05-08	11.16	12.76	-21.31	10433900	Downward Expansion	-71	76
2026-05-01	11.23	12.80	-19.99	12225451	Downward Expansion	-71	71
2026-04-24	11.20	12.85	-20.10	15040552	Downward Expansion	-76	77
2026-04-17	11.40	12.91	-18.45	15398700	Downward Expansion	-73	73
2026-04-10	11.72	12.99	-15.12	10746100	Downward Expansion	-66	79
2026-04-03	11.54	13.05	-14.51	16122712	Downward Expansion	-76	85
2026-03-27	11.86	13.11	-13.28	24437554	Downward Expansion	-71	81
2026-03-20	11.62	13.17	-16.43	15226202	Downward Expansion	-83	83
2026-03-13	12.04	13.21	-16.95	12769025	Rotation Down	-77	74
2026-03-06	12.31	13.24	-16.23	18087940	Rotation Down	-43	53
2026-02-27	12.89	13.25	-13.71	12499138	Rotation Down	-20	36
2026-02-13	12.73	13.26	-13.60	15518402	Deceleration	-22	30
2026-02-06	12.91	13.28	-12.42	18541878	Deceleration	-17	17
2026-01-30	13.08	13.28	-12.69	23542302	Deceleration	15	13
2026-01-23	13.58	13.27	-10.01	33813911	Deceleration	24	16
2026-01-16	13.02	13.26	-13.30	43972174	Deceleration	16	13
2026-01-09	13.54	13.23	-10.66	32229827	Deceleration	32	15
2026-01-02	13.43	13.21	-8.28	19767130	Upward Expansion	37	20
2025-12-26	13.70	13.21	-6.58	47645828	Upward Expansion	50	38
2025-12-19	13.95	13.21	-3.44	41374430	Upward Expansion	54	52
2025-12-12	13.93	13.19	-4.54	87249563	Upward Expansion	54	49
2025-12-05	14.46	13.17	-1.56	63394719	Upward Expansion	70	63
2025-11-28	13.99	13.13	-4.25	50932038	Balance	64	52
2025-11-21	13.05	13.07	-9.37	45680652	Balance	46	29
2025-11-14	13.93	13.07	-6.99	39888840	Balance	64	39
2025-11-07	13.30	12.98	-11.31	27967901	Balance	9	8
2025-10-31	13.17	12.92	-11.29	54900150	Rotation Down	-10	8
2025-10-24	13.21	12.90	-10.89	64211139	Rotation Down	-15	27
2025-10-17	12.25	12.88	-14.99	19352937	Rotation Down	-38	47
2025-10-10	12.58	12.92	-13.97	8955501	Balance	-17	25
2025-10-03	12.52	12.99	-14.08	8518401	Balance	-8	14
2025-09-26	12.47	13.04	-13.24	27341600	Balance	15	7
2025-09-19	13.26	13.10	-7.59	44080650	Balance	51	44
2025-09-12	13.61	13.13	-6.39	52724770	Balance	29	45
2025-09-05	13.61	13.12	-4.91	54179450	Balance	27	38
2025-08-29	13.38	13.09	-7.54	48589759	Balance	21	25
2025-08-22	13.64	13.04	-4.77	58676045	Balance	27	13
2025-08-15	12.89	13.02	-6.62	42635274	Balance	-38	18
2025-08-08	12.85	13.03	-5.14	26121351	Balance	-39	15
2025-08-01	12.70	13.01	-4.12	26629462	Balance	-32	12
2025-07-25	13.08	13.00	-2.03	30800637	Balance	12	6
2025-07-18	13.19	13.04	0.57	40735149	Balance	-24	9
2025-07-11	12.92	13.23	-0.41	34996400	Balance	-33	18
2025-07-04	13.03	13.27	1.92	36982950	Balance	-31	17
2025-06-27	13.00	13.22	3.54	45566950	Balance	-30	15
2025-06-20	12.22	13.17	-0.36	32443252	Balance	-40	16
2025-06-13	13.02	13.12	6.07	58535404	Balance	7	10
2025-06-06	13.35	13.07	9.06	57520488	Balance	20	19
2025-05-30	13.86	13.02	15.18	108617979	Balance	18	19
2025-05-23	13.11	12.92	9.63	145449705	Balance	3	9
2025-05-16	13.58	12.85	13.52	81914154	Balance	10	10
2025-05-09	13.20	12.74	11.79	95680794	Rotation Down	-14	12
2025-05-02	12.17	12.65	5.56	39705285	Rotation Down	-28	39
2025-04-25	12.86	12.61	11.38	89975070	Rotation Down	-19	35
2025-04-18	11.51	12.52	0.83	35577300	Rotation Down	-29	45
2025-04-11	11.41	12.46	1.50	54187087	Upward Expansion	-29	28
2025-04-04	12.42	12.38	7.24	26501300	Upward Expansion	16	10
2025-03-28	12.68	12.28	9.54	47620321	Upward Expansion	32	21
2025-03-21	13.60	12.16	17.45	108197593	Upward Expansion	54	45
2025-03-14	14.66	11.99	25.15	101245349	Upward Expansion	58	45
2025-03-07	13.99	11.80	21.79	142767569	Upward Expansion	51	33
2025-02-28	14.24	11.64	26.47	133226889	Deceleration	54	30
2025-02-21	14.20	11.49	24.80	141724215	Deceleration	53	25
2025-02-14	13.24	11.34	18.23	114418230	Deceleration	33	16
2025-02-07	12.63	11.20	14.90	40138502	Deceleration	29	16
2025-01-31	12.07	11.07	11.86	21896100	Deceleration	29	19
2025-01-24	12.83	10.95	18.45	108040075	Deceleration	33	20
2025-01-17	13.16	10.82	22.40	122542397	Upward Expansion	38	21
2025-01-10	12.26	10.66	17.19	178445654	Upward Expansion	57	43
2025-01-03	12.65	10.54	19.72	132715349	Upward Expansion	62	62
2024-12-27	14.15	10.41	26.83	360653834	Upward Expansion	63	72
2024-12-20	18.80	10.24	70.60	344446531	Upward Expansion	94	89
2024-12-13	14.26	9.92	30.16	130643584	Upward Expansion	88	63
2024-12-06	11.46	9.76	4.97	45992849	Upward Expansion	60	41
2024-11-29	11.54	9.70	8.38	29816320	Upward Expansion	65	46
2024-11-22	10.81	9.63	3.68	29678981	Upward Expansion	59	45
2024-11-15	11.33	9.57	6.80	71385619	Upward Expansion	64	57
2024-11-08	11.94	9.48	8.70	77394999	Upward Expansion	81	68
2024-11-01	10.72	9.41	3.35	49656626	Upward Expansion	62	54
2024-10-25	11.06	9.37	6.05	48032283	Upward Expansion	74	76
2024-10-18	10.29	9.32	0.18	27428822	Upward Expansion	63	70
2024-10-11	10.49	9.30	3.82	59054645	Upward Expansion	66	72
2024-10-04	11.08	9.29	6.22	24091502	Balance	83	77
2024-09-27	10.27	9.26	6.75	47648414	Balance	43	46
2024-09-20	9.53	9.23	12.22	24509865	Balance	14	15
2024-09-13	9.20	9.22	10.21	44347900	Balance	-26	12
2024-09-06	9.42	9.20	10.83	63967364	Balance	-20	13
2024-08-30	8.79	9.19	1.16	11849022	Balance	-39	23
2024-08-23	8.73	9.31	0.18	13805802	Balance	-39	15
2024-08-16	8.94	9.33	1.92	17891101	Balance	-15	18
2024-08-09	9.27	9.35	6.58	32007600	Balance	11	19
2024-08-02	9.48	9.36	7.74	88736923	Balance	-12	17
2024-07-26	9.84	9.39	12.78	78914653	Downward Expansion	-7	10
2024-07-19	8.88	9.41	-0.84	32728422	Downward Expansion	-50	30
2024-07-12	8.77	9.45	-1.67	13033300	Downward Expansion	-54	36
2024-07-05	8.71	9.46	-1.64	12421805	Downward Expansion	-57	50
2024-06-28	8.75	9.48	-1.76	18646102	Downward Expansion	-60	62
2024-06-21	8.53	9.49	-5.29	9952604	Downward Expansion	-67	66
2024-06-14	8.68	9.50	-4.92	8042500	Downward Expansion	-63	62
2024-06-07	8.67	9.54	-5.50	21398101	Balance	-61	51
2024-05-31	9.06	9.54	-2.33	14689152	Balance	-50	28
2024-05-24	9.04	9.52	-2.47	19691800	Balance	-13	8
2024-05-17	9.56	9.49	1.14	26745147	Balance	-3	4
2024-05-10	9.65	9.44	2.31	44215243	Balance	-13	19
2024-05-03	9.56	9.40	3.35	19317985	Balance	-17	19
2024-04-26	8.82	9.36	-3.75	17174803	Balance	-15	19
2024-04-19	8.79	9.34	-3.12	47133089	Balance	5	7
2024-04-12	9.71	9.33	8.83	57622317	Balance	28	11
2024-04-05	9.60	9.28	6.22	14810431	Balance	28	13
2024-03-29	9.47	9.23	6.06	33665203	Balance	27	14
2024-03-22	9.84	9.21	10.28	54635364	Balance	29	15
2024-03-15	10.00	9.17	12.21	100385578	Balance	20	9
2024-03-08	10.18	9.13	14.97	81558602	Balance	29	15
2024-03-01	9.33	9.09	6.42	107715456	Balance	19	15
2024-02-23	9.30	9.06	7.07	118264122	Balance	26	13
2024-02-09	8.55	9.04	3.47	118057909	Balance	19	11
2024-02-02	9.33	9.07	18.72	204755662	Upward Expansion	45	25
2024-01-26	12.42	9.07	49.03	34695846	Upward Expansion	78	43
2024-01-19	9.17	8.97	14.25	37384700	Upward Expansion	38	20
2024-01-12	9.50	9.00	16.69	46172902	Upward Expansion	54	38
2024-01-05	9.58	9.03	16.18	50219734	Upward Expansion	59	57
2023-12-29	10.32	8.99	23.54	113620520	Upward Expansion	65	61
2023-12-22	10.71	8.94	31.42	146237541	Rotation Up	80	67
2023-12-15	10.03	8.88	22.47	88480518	Rotation Up	46	38
2023-12-08	8.93	8.84	8.44	28872301	Rotation Up	17	26
2023-12-01	9.24	8.84	9.99	24777200	Rotation Up	23	37
2023-11-24	9.03	8.81	7.24	62565552	Rotation Up	17	27
2023-11-17	9.10	8.78	7.65	91033104	Rotation Up	15	24
2023-11-10	9.81	8.76	16.68	76064671	Downward Expansion	31	24
2023-11-03	8.64	8.71	3.25	13277467	Downward Expansion	-37	23
2023-10-27	8.43	8.72	1.17	12172429	Downward Expansion	-53	34
2023-10-20	8.04	8.73	-2.41	10463399	Downward Expansion	-67	50
2023-10-13	8.26	8.75	-3.28	7920634	Downward Expansion	-58	43
2023-09-29	8.32	8.77	-3.43	4923500	Downward Expansion	-57	50
2023-09-22	8.32	8.79	-4.28	9374510	Downward Expansion	-56	56

Price vs TrendAbove+2.8%

Trend directionFalling-9.3%

Price vs current Fair ValueBelow anchor-5.8%

Fair Value directionClosing upward+12.0%

Relative Strength vs benchmarkLagging-5.1%

Relative strength directionImproving+23.3%

Price momentumNegative-8.6%

Volume balanceDemand-led1.52×

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

32 / ±100

+33.9 points since 2026-09-04

Energy

50 /100

+34.2 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.

600679 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance21

Rotation Up72

Upward Expansion52

Deceleration15

Rotation Down15

Downward Expansion29

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 35%Rotation Up 5%Upward Expansion 21%Deceleration 8%Rotation Down 6%Downward Expansion 25%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Rotation Up	2026-09-25	2026-10-02	New	-0.8%
Balance	2026-09-11	2026-09-18	New	+2.7%
Downward Expansion	2026-03-20	2026-09-04	Established	-12.7%
Rotation Down	2026-02-27	2026-03-13	New	-6.6%
Deceleration	2026-01-09	2026-02-13	Developing	-6.0%
Upward Expansion	2025-12-05	2026-01-02	Developing	-7.1%
Balance	2025-11-07	2025-11-28	New	+5.2%
Rotation Down	2025-10-17	2025-10-31	New	+7.5%
Balance	2025-05-16	2025-10-10	Established	-7.4%
Rotation Down	2025-04-18	2025-05-09	New	+14.7%
Upward Expansion	2025-03-07	2025-04-11	Developing	-18.4%
Deceleration	2025-01-24	2025-02-28	Developing	+11.0%
Upward Expansion	2024-10-11	2025-01-17	Established	+25.5%
Balance	2024-08-02	2024-10-04	Developing	+16.9%

Classic Stage Analysis comparison

Stage 1 · Basing68

Stage 2 · Advancing26

Stage 3 · Distribution16

Stage 4 · Declining74

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

Leadership versus 000001.SS

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: 38/100
Current Relative Strength: -5.15
Relative Strength direction: Improving
Price momentum: -8.6%
Excess performance vs benchmark: -7.6%
Consumer Cyclical regime cohort: 79th percentile34 in cohort

Test 600679 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.32×

Latest completed volume relative to typical participation.

Up/down volume1.52×

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 3

Recent participation evidence classified by demand and supply.

Activity alignment+50.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

Current relationship between Fast Activity and Slow Activity.

Structure stability+12.5%

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 600679 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity CNY 10.42rising

Slow Activity CNY 9.92falling

Trend Reference CNY 10.27+2.8% close margin

Current Fair Value CNY 11.21-5.8% close margin

Structural low CNY 8.44shock / repair context

What changes the read?

Full positive ordering with expanding width confirms Upward Expansion. Loss of the fast/slow repair and renewed downside acceptance cancels it.

Range context +5.3%

Annualized volatility +31.3%

From structural high -30.8%

From structural low +25.0%

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 000001.SS	Regime survived	Read
Near term	3	-5.3%-8.7% to +10.2%	+33.3%	+33.3%	-3.2%	+33.3%	Too little matched history
Intermediate	2	-8.4%-19.1% to +2.2%	+50.0%	+50.0%	-5.9%	+0.0%	Too little matched history
Extended	2	-8.6%-14.9% to -2.2%	+0.0%	+0.0%	-5.1%	+50.0%	Too little matched history
Full cycle	1	-16.8%-16.8% to -16.8%	+0.0%	+0.0%	-9.6%	+0.0%	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.

600679 Stage Analysis

What the Activity Line geometry says now

The Activity Line structure is rotating upward.

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 Activity Line structure is rotating upward.

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