Weekly structural research · SHZ · Consumer Defensive

301108 Stage Analysis

Tongling Jieya Biologic Technology Co., Ltd.

Week ending 2 Oct 2026Close CNY 51.23Tenure DevelopingBenchmark 399001.SZ

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Upward Expansion · Early expansion

The weekly architecture is expanding upward.

Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing.

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

Direction 85−100 bearish to +100 bullish

Energy 91/100directional strength

Maturity 30/100lifecycle context

Confidence 78/100evidence agreement

Trend gate Upstructural direction

Activity structure Wideexpanding separation

Price acceptance +100.0%position within the Activity structure

Fair Value context +74.0%CNY 29.44 · 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	51.23	31.61	72.28	12896550	Upward Expansion	85	91
2026-09-25	51.71	30.92	70.60	12767591	Upward Expansion	95	86
2026-09-18	46.26	30.29	50.95	6578258	Upward Expansion	93	85
2026-09-11	40.45	29.82	34.59	7505938	Upward Expansion	80	77
2026-09-04	38.49	29.59	28.01	10725399	Upward Expansion	73	86
2026-08-28	38.21	29.43	23.45	965440	Rotation Up	75	90
2026-08-21	37.68	29.36	20.63	1781560	Rotation Up	52	82
2026-08-14	37.31	29.30	17.71	1440196	Rotation Up	60	85
2026-08-07	37.28	29.20	18.14	2797412	Rotation Up	54	78
2026-07-31	35.60	29.06	19.18	4204445	Rotation Up	52	51
2026-07-24	27.85	28.98	-7.89	1188600	Downward Expansion	-4	22
2026-07-17	28.21	29.16	-6.38	2604185	Downward Expansion	-12	20
2026-07-10	30.54	29.30	-7.81	4338383	Downward Expansion	-6	17
2026-07-03	23.77	29.32	-31.39	1212900	Downward Expansion	-56	44
2026-06-26	24.91	29.57	-29.91	1184717	Downward Expansion	-60	52
2026-06-19	25.65	29.72	-29.89	11426617	Downward Expansion	-64	59
2026-06-12	24.05	29.97	-30.71	3634180	Downward Expansion	-67	84
2026-06-05	22.48	30.27	-37.57	1365920	Downward Expansion	-83	92
2026-05-29	22.89	30.59	-38.31	8289247	Downward Expansion	-85	89
2026-05-22	24.48	31.01	-35.12	6934851	Downward Expansion	-81	82
2026-05-15	25.13	31.30	-34.04	8889458	Downward Expansion	-80	74
2026-05-08	26.92	31.58	-29.98	5563848	Downward Expansion	-69	67
2026-05-01	27.11	31.76	-27.92	7068550	Downward Expansion	-69	63
2026-04-24	27.62	31.89	-26.27	7303520	Downward Expansion	-67	67
2026-04-17	27.29	31.99	-27.33	10193647	Downward Expansion	-73	72
2026-04-10	28.17	32.19	-22.32	9648641	Downward Expansion	-69	72
2026-04-03	28.22	32.37	-17.10	5913934	Downward Expansion	-73	75
2026-03-27	28.99	32.50	-17.56	6403286	Downward Expansion	-72	72
2026-03-20	29.11	32.60	-18.10	4432050	Balance	-74	68
2026-03-13	30.60	32.50	-16.66	5274416	Balance	-27	29
2026-03-06	30.77	32.39	-15.79	7094970	Balance	-15	21
2026-02-27	32.80	32.22	-12.44	4454089	Upward Expansion	24	18
2026-02-13	32.12	32.01	-12.00	7060311	Upward Expansion	27	15
2026-02-06	33.60	31.74	-6.87	9512256	Upward Expansion	55	41
2026-01-30	33.56	31.41	-8.94	7983973	Upward Expansion	59	59
2026-01-23	36.11	31.36	-3.63	9949777	Upward Expansion	72	69
2026-01-16	35.75	31.24	-3.44	9153111	Upward Expansion	70	61
2026-01-09	34.43	31.09	-5.92	7550905	Balance	61	50
2026-01-02	33.06	31.14	-5.61	2970427	Balance	39	33
2025-12-26	33.24	31.15	-5.59	5143223	Balance	39	26
2025-12-19	33.30	31.07	-2.08	5632361	Balance	28	13
2025-12-12	32.31	31.10	-5.85	11519982	Balance	15	13
2025-12-05	31.24	31.07	-8.43	5037893	Balance	21	16
2025-11-28	31.16	30.96	-7.66	5052904	Upward Expansion	24	15
2025-11-21	29.31	30.82	-10.20	5832532	Upward Expansion	18	12
2025-11-14	33.15	30.74	-3.76	5863778	Upward Expansion	49	28
2025-11-07	33.11	30.50	-5.19	9749911	Upward Expansion	52	31
2025-10-31	32.01	30.20	-8.12	17914892	Upward Expansion	54	40
2025-10-24	35.55	30.09	2.63	18170191	Upward Expansion	66	51
2025-10-17	33.24	29.76	0.70	12320158	Upward Expansion	56	32
2025-10-10	33.44	29.54	-3.59	5148752	Upward Expansion	59	32
2025-10-03	32.38	29.34	-7.79	3066714	Upward Expansion	54	30
2025-09-26	31.00	29.17	-9.67	9851619	Upward Expansion	53	40
2025-09-19	30.72	29.03	-9.62	17864765	Upward Expansion	54	52
2025-09-12	33.37	28.91	-0.89	19367784	Upward Expansion	61	53
2025-09-05	33.39	28.72	1.72	23524044	Balance	49	35
2025-08-29	32.10	28.46	-3.11	21776658	Balance	25	20
2025-08-22	32.05	28.21	0.80	20471294	Rotation Down	19	10
2025-08-15	26.19	27.94	-13.91	9244243	Rotation Down	-17	19
2025-08-08	27.12	27.91	-7.13	11798712	Rotation Down	-17	32
2025-08-01	25.68	27.77	-11.16	17433864	Deceleration	-20	31
2025-07-25	26.56	27.69	-9.86	24645744	Deceleration	-15	26
2025-07-18	23.96	27.67	-17.01	7629639	Deceleration	-18	24
2025-07-11	23.81	27.77	-16.14	7759323	Upward Expansion	7	12
2025-07-04	32.11	27.98	14.62	7418715	Upward Expansion	52	33
2025-06-27	32.33	27.84	17.11	6708205	Upward Expansion	54	37
2025-06-20	31.51	27.68	18.75	13249763	Upward Expansion	57	40
2025-06-13	35.87	27.51	34.01	28489040	Upward Expansion	73	69
2025-06-06	33.17	27.19	23.87	16215056	Upward Expansion	67	70
2025-05-30	31.03	26.98	17.92	13326389	Upward Expansion	61	67
2025-05-23	34.28	26.82	29.37	31552434	Upward Expansion	80	73
2025-05-16	31.37	26.53	18.43	17583995	Balance	71	56
2025-05-09	27.84	26.31	5.85	5915383	Balance	53	25
2025-05-02	26.97	26.20	4.66	5334883	Balance	32	16
2025-04-25	26.89	26.18	4.14	11916012	Balance	31	13
2025-04-18	26.03	26.06	2.15	18491182	Balance	-2	6
2025-04-11	24.06	25.90	-6.10	10957551	Balance	10	8
2025-04-04	28.59	25.81	5.45	6608810	Upward Expansion	66	34
2025-03-28	25.61	25.62	-7.82	2665600	Upward Expansion	31	19
2025-03-21	26.68	25.52	-5.06	5194586	Upward Expansion	55	43
2025-03-14	27.65	25.36	-4.54	4189873	Upward Expansion	60	53
2025-03-07	27.13	25.21	-5.50	2813900	Upward Expansion	54	45
2025-02-28	26.86	25.07	-4.64	4349000	Deceleration	41	32
2025-02-21	27.08	24.97	-7.44	3857234	Deceleration	42	28
2025-02-14	27.61	24.85	-3.90	4272466	Deceleration	43	21
2025-02-07	25.59	24.72	-9.76	2035407	Deceleration	8	9
2025-01-31	24.56	24.69	-10.28	666100	Deceleration	-15	25
2025-01-24	24.11	24.68	-13.69	4119800	Deceleration	-18	28
2025-01-17	25.32	24.68	-9.03	6190100	Deceleration	-13	25
2025-01-10	22.72	24.66	-16.06	2370400	Deceleration	-20	29
2025-01-03	23.44	24.76	-15.12	2516000	Upward Expansion	17	11
2024-12-27	25.96	24.84	-13.43	3327589	Upward Expansion	55	37
2024-12-20	27.03	24.84	-10.49	10864264	Upward Expansion	60	50
2024-12-13	30.03	24.80	-1.90	5978908	Upward Expansion	81	70
2024-12-06	27.94	24.70	-9.89	3177117	Rotation Up	70	55
2024-11-29	27.38	24.76	-10.81	3700648	Rotation Up	41	40
2024-11-22	26.43	24.74	-13.05	7581696	Rotation Up	34	40
2024-11-15	26.42	24.73	-16.14	3652014	Rotation Up	37	51
2024-11-08	26.76	24.69	-18.79	7105352	Rotation Up	35	52
2024-11-01	26.28	24.70	-15.46	3642703	Rotation Up	31	42
2024-10-25	25.70	24.77	-19.08	2955732	Downward Expansion	26	32
2024-10-18	24.71	24.84	-20.76	3258179	Downward Expansion	-4	21
2024-10-11	24.47	24.96	-19.73	5377758	Downward Expansion	-18	18
2024-10-04	26.30	25.09	-18.09	2095133	Downward Expansion	-8	8
2024-09-27	23.43	25.11	-19.68	2985515	Downward Expansion	-58	45
2024-09-20	21.22	25.24	-14.76	767015	Downward Expansion	-74	60
2024-09-13	21.39	25.46	-13.48	1833313	Downward Expansion	-77	60
2024-09-06	22.66	25.63	-10.40	3805805	Downward Expansion	-63	59
2024-08-30	22.82	25.72	-12.39	3212774	Downward Expansion	-65	74
2024-08-23	21.83	25.96	-14.81	1220067	Downward Expansion	-84	84
2024-08-16	22.99	26.29	-12.39	1261500	Downward Expansion	-71	74
2024-08-09	23.12	26.65	-12.55	2005654	Downward Expansion	-71	68
2024-08-02	23.80	27.01	-11.97	1200706	Downward Expansion	-62	47
2024-07-26	23.34	27.34	-14.34	844000	Downward Expansion	-71	56
2024-07-19	23.77	27.68	-16.02	745400	Downward Expansion	-69	60
2024-07-12	24.82	28.03	-12.08	1162916	Downward Expansion	-62	54
2024-07-05	24.20	28.35	-12.93	848013	Downward Expansion	-69	66
2024-06-28	24.01	28.73	-15.26	1330991	Downward Expansion	-75	68
2024-06-21	24.76	29.10	-14.93	1036153	Downward Expansion	-71	62
2024-06-14	25.71	29.45	-13.70	1140664	Downward Expansion	-61	56
2024-06-07	25.82	29.77	-13.56	2008520	Downward Expansion	-62	47
2024-05-31	26.16	30.05	-13.60	1275305	Downward Expansion	-58	33
2024-05-24	25.78	30.30	-15.55	2573413	Downward Expansion	-55	30
2024-05-17	27.07	30.53	-14.07	4876358	Downward Expansion	-43	26
2024-05-10	29.73	30.77	-5.95	8994284	Downward Expansion	-35	30
2024-05-03	26.59	30.94	-14.56	654722	Downward Expansion	-60	52
2024-04-26	26.30	31.20	-14.46	1564768	Downward Expansion	-61	46
2024-04-19	25.07	31.45	-17.05	2724382	Downward Expansion	-73	49
2024-04-12	27.17	31.75	-9.83	1563467	Downward Expansion	-51	36
2024-04-05	28.47	32.04	-8.82	805494	Deceleration	-44	32
2024-03-29	27.57	32.20	-10.57	1383231	Deceleration	-48	39
2024-03-22	28.29	32.46	-9.93	1891087	Downward Expansion	-48	42
2024-03-15	28.51	32.67	-9.83	2242791	Downward Expansion	-61	53
2024-03-08	26.96	32.88	-12.56	1235755	Downward Expansion	-66	66
2024-03-01	27.39	33.21	-11.91	2527284	Downward Expansion	-66	85
2024-02-23	27.70	33.48	-7.41	2279699	Downward Expansion	-68	88
2024-02-09	26.39	33.73	-9.27	3042558	Downward Expansion	-84	93
2024-02-02	25.42	34.01	-4.30	2549542	Downward Expansion	-95	93
2024-01-26	29.95	34.35	3.84	2411403	Downward Expansion	-82	73
2024-01-19	31.84	34.49	10.34	1389255	Balance	-71	56
2024-01-12	33.68	34.60	14.50	1545045	Balance	-52	39
2024-01-05	34.07	34.65	14.79	1178631	Balance	-47	29
2023-12-29	33.79	34.66	9.37	1336954	Balance	-39	24
2023-12-22	33.53	34.67	12.26	1156728	Balance	-40	20
2023-12-15	34.21	34.69	12.89	1236800	Balance	0	3
2023-12-08	34.52	34.66	12.26	2706508	Balance	18	19
2023-12-01	35.37	34.63	13.40	1875086	Balance	24	21
2023-11-24	35.24	34.56	11.99	2181096	Balance	20	16
2023-11-17	35.30	34.49	11.00	1955341	Balance	9	8
2023-11-10	35.25	34.56	11.24	3806016	Downward Expansion	-24	13
2023-11-03	34.15	34.64	9.46	11757614	Downward Expansion	-46	29
2023-10-27	33.82	34.78	9.59	1571722	Downward Expansion	-48	32
2023-10-20	32.68	34.98	8.46	2053244	Balance	-63	36
2023-10-13	34.31	35.08	8.57	2152686	Balance	-45	22
2023-09-29	34.56	35.16	9.24	842200	Balance	-44	25
2023-09-22	34.58	35.23	8.86	1658612	Balance	-42	20

Price vs TrendAbove+62.1%

Trend directionRising+9.1%

Price vs current Fair ValuePremium+74.0%

Fair Value directionClosing upward+92.4%

Relative Strength vs benchmarkLeading+72.3%

Relative strength directionImproving+103.7%

Price momentumPositive+81.5%

Volume balanceDemand-led3.18×

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

85 / ±100

+12.7 points since 2026-09-04

Energy

91 /100

+4.5 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.

301108 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance4

Rotation Up87

Upward Expansion98

Deceleration40

Rotation Down9

Downward Expansion20

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 20%Rotation Up 7%Upward Expansion 26%Deceleration 8%Rotation Down 2%Downward Expansion 37%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Upward Expansion	2026-09-04	2026-10-02	Developing	+33.1%
Rotation Up	2026-07-31	2026-08-28	Developing	+7.3%
Downward Expansion	2026-03-27	2026-07-24	Established	-3.9%
Balance	2026-03-06	2026-03-20	New	-5.4%
Upward Expansion	2026-01-16	2026-02-27	Developing	-8.2%
Balance	2025-12-05	2026-01-09	Developing	+10.2%
Upward Expansion	2025-09-12	2025-11-28	Developing	-6.6%
Balance	2025-08-29	2025-09-05	New	+4.0%
Rotation Down	2025-08-08	2025-08-22	New	+18.2%
Deceleration	2025-07-18	2025-08-01	New	+7.2%
Upward Expansion	2025-05-23	2025-07-11	Developing	-30.5%
Balance	2025-04-11	2025-05-16	Developing	+30.4%
Upward Expansion	2025-03-07	2025-04-04	Developing	+5.4%
Deceleration	2025-01-10	2025-02-28	Developing	+18.2%

Classic Stage Analysis comparison

Stage 1 · Basing22

Stage 2 · Advancing100

Stage 3 · Distribution48

Stage 4 · Declining0

Legacy result: Stage 2 · Stage 2C · Late advance. 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

Leading benchmark

Architecture confirmation: 99/100
Current Relative Strength: 72.28
Relative Strength direction: Improving
Price momentum: +81.5%
Excess performance vs benchmark: +85.0%
Consumer Defensive regime cohort: 100th percentile7 in cohort

Test 301108 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume2.48×

Latest completed volume relative to typical participation.

Up/down volume3.18×

Participation balance between advancing and declining observations.

Accumulation / distribution4 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+100.0%

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 301108 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity CNY 48.08rising

Slow Activity CNY 34.86rising

Trend Reference CNY 31.61+62.1% close margin

Current Fair Value CNY 29.44+74.0% close margin

Structural low CNY 21.92shock / repair context

What changes the read?

Sustained fan recompression, a fast-line rollover or repeated closes inside/below the fan move the read toward Deceleration or Rotation Down.

Range context +8.7%

Annualized volatility +59.1%

From structural high -9.4%

From structural low +133.7%

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	11	-5.7%-24.3% to +33.1%	+27.3%	+27.3%	-3.7%	+54.5%	Usable descriptive sample
Intermediate	5	-7.0%-22.7% to +29.7%	+20.0%	+20.0%	-10.4%	+60.0%	Usable descriptive sample
Extended	3	-9.9%-22.1% to +19.4%	+33.3%	+33.3%	-18.5%	+33.3%	Too little matched history
Full cycle	1	+7.6%+7.6% to +7.6%	+100.0%	+100.0%	-16.2%	+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.

301108 Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding 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

Leading 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 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 ?

Leading 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