Weekly structural research ยท SHH ยท Communication Services

600050 Stage Analysis

China United Network Communications Limited

Week ending 2 Oct 2026Close CNY 4.23Tenure ExtendedBenchmark 000001.SS
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Downward Expansion ยท 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: weakening.
  • Activity structure: moderate and stable.
Direction -55โˆ’100 bearish to +100 bullish
Energy 38/100directional strength
Maturity 75/100lifecycle context
Confidence 81/100evidence agreement
Trend gate Downstructural direction
Activity structure Moderatestable separation
Price acceptance -83.3%position within the Activity structure
Fair Value context -11.3%CNY 4.77 ยท improving
Trend Architecture map ยท 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 ยท 156 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-10-024.234.37-7.39357475648Downward Expansion-5538
2026-09-254.154.39-10.63365439647Downward Expansion-6955
2026-09-184.224.42-10.14537981863Downward Expansion-5638
2026-09-114.214.44-10.32563717267Downward Expansion-5142
2026-09-044.254.46-10.86103408816Downward Expansion-4331
2026-08-284.284.49-11.2574789216Downward Expansion-3927
2026-08-214.224.52-12.0398044408Downward Expansion-4422
2026-08-144.344.55-10.53128067186Downward Expansion-2422
2026-08-074.304.58-12.11205313286Downward Expansion-2822
2026-07-314.464.61-6.81201566305Downward Expansion-2922
2026-07-244.424.63-7.68141829139Downward Expansion-4533
2026-07-174.264.66-10.32210375991Downward Expansion-6253
2026-07-104.204.69-17.20271019329Downward Expansion-6568
2026-07-034.074.73-21.25114929630Downward Expansion-7682
2026-06-264.054.77-21.92120157909Downward Expansion-8383
2026-06-194.234.82-20.39606548992Downward Expansion-7172
2026-06-124.314.86-18.11212092005Downward Expansion-6554
2026-06-054.294.90-19.16131581818Downward Expansion-7053
2026-05-294.294.93-20.36962039539Downward Expansion-7352
2026-05-224.404.97-19.812487272380Downward Expansion-6748
2026-05-154.605.00-17.241767862583Downward Expansion-6253
2026-05-084.465.03-21.10630858727Downward Expansion-6859
2026-05-014.465.06-20.37544457409Downward Expansion-7065
2026-04-244.435.09-20.81922889380Downward Expansion-7783
2026-04-174.645.12-17.13670306498Downward Expansion-6581
2026-04-104.565.15-17.77513797472Downward Expansion-6782
2026-04-034.465.17-17.91689881160Downward Expansion-8081
2026-03-274.495.21-18.59915957961Downward Expansion-8461
2026-03-204.695.25-16.451292054838Downward Expansion-7751
2026-03-135.075.27-13.411083952537Downward Expansion-5845
2026-03-064.975.28-16.391231866577Downward Expansion-6373
2026-02-274.925.29-18.67664864298Downward Expansion-6578
2026-02-134.805.30-19.90686598397Downward Expansion-8082
2026-02-064.845.32-19.491354138480Downward Expansion-8373
2026-01-305.115.34-16.451732310141Downward Expansion-6136
2026-01-235.125.34-16.891319159166Downward Expansion-6438
2026-01-165.155.34-15.932097775251Rotation Down-6439
2026-01-095.425.34-12.151607355465Rotation Down-1737
2026-01-025.115.33-14.17361656693Rotation Down-4667
2025-12-265.145.34-13.77504563720Rotation Down-4461
2025-12-195.175.34-11.90689509275Balance-3346
2025-12-125.235.34-11.06827109083Balance-2324
2025-12-055.355.34-9.50885279816Balance158
2025-11-285.405.33-8.45774666799Balance4319
2025-11-215.385.33-7.641153790988Balance4322
2025-11-145.425.32-10.741016322119Balance4525
2025-11-075.515.31-9.79952493605Balance5224
2025-10-315.425.30-10.401239197713Balance4219
2025-10-245.435.30-10.271174626783Balance3214
2025-10-175.335.30-9.461600483905Balance2514
2025-10-105.425.31-9.45716103042Balance2817
2025-10-035.395.33-9.75601840668Balance2814
2025-09-265.305.36-10.111368774836Balance-17
2025-09-195.315.38-9.922221426381Rotation Up1613
2025-09-125.575.42-7.025294973577Rotation Up3444
2025-09-055.285.43-10.582229796211Rotation Up1032
2025-08-295.595.43-6.783311082256Rotation Up3154
2025-08-225.775.40-2.983878612108Rotation Up4549
2025-08-155.295.36-8.051581292911Balance-1511
2025-08-085.265.34-7.161060546474Balance-1414
2025-08-015.215.32-6.141457084903Balance-1718
2025-07-255.365.31-4.511495648143Balance2322
2025-07-185.345.30-3.311303997778Balance312
2025-07-115.305.29-3.381163839105Downward Expansion-1113
2025-07-045.235.28-3.59670866903Downward Expansion-2627
2025-06-275.205.28-2.78993144254Downward Expansion-2834
2025-06-205.095.27-3.14777753566Deceleration-3745
2025-06-135.105.27-3.171196819704Deceleration-2427
2025-06-065.255.29-0.52752753369Deceleration-518
2025-05-305.195.28-0.33949129571Deceleration-1723
2025-05-235.215.270.21910866671Deceleration-1524
2025-05-165.215.26-0.171266654985Deceleration-1721
2025-05-095.265.251.741006381434Deceleration-1620
2025-05-025.155.231.82486996110Deceleration-1924
2025-04-255.155.231.52940930573Deceleration1020
2025-04-185.275.224.541154106172Deceleration1723
2025-04-115.245.185.362228188845Deceleration2025
2025-04-045.415.155.76877131082Upward Expansion3725
2025-03-285.405.125.341334577417Upward Expansion4633
2025-03-215.525.087.602885838871Upward Expansion6252
2025-03-146.015.0515.461869884678Upward Expansion6886
2025-03-076.215.0021.553098563200Upward Expansion7490
2025-02-286.054.9420.904794248041Upward Expansion7389
2025-02-216.614.8930.188059390989Upward Expansion9193
2025-02-145.794.8115.904619570480Upward Expansion7455
2025-02-075.074.772.991720223714Rotation Down1913
2025-01-314.744.75-2.13199136247Rotation Down-1629
2025-01-244.724.74-2.61851226616Deceleration-1524
2025-01-174.714.73-2.34833520025Deceleration414
2025-01-104.634.72-1.541168534003Deceleration1211
2025-01-034.774.710.111797969389Deceleration2816
2024-12-275.204.693.342148530950Deceleration5531
2024-12-205.104.662.582141273837Deceleration4023
2024-12-135.064.631.072461599542Upward Expansion4927
2024-12-065.044.610.482014010322Upward Expansion5640
2024-11-294.994.592.002058554766Upward Expansion5844
2024-11-225.044.575.035041718404Upward Expansion6047
2024-11-155.634.5515.414605867234Upward Expansion8869
2024-11-085.034.52-0.091374749184Upward Expansion7050
2024-11-014.884.492.501116173078Upward Expansion6255
2024-10-254.814.470.271228605737Upward Expansion6173
2024-10-184.914.463.651062257707Upward Expansion6475
2024-10-114.884.444.272128324867Upward Expansion6571
2024-10-045.084.424.95602375374Upward Expansion7870
2024-09-274.724.415.391089310715Balance5924
2024-09-204.274.407.41375084505Balance-4836
2024-09-134.254.418.26496449092Balance-4121
2024-09-064.384.419.22556758715Upward Expansion2614
2024-08-304.414.407.03685287095Upward Expansion3214
2024-08-234.554.4010.11697887378Upward Expansion5929
2024-08-164.504.377.89757416559Upward Expansion4319
2024-08-094.304.353.76673568085Upward Expansion3219
2024-08-024.524.347.65923132916Upward Expansion6259
2024-07-264.424.335.78877818085Upward Expansion5555
2024-07-194.564.315.94846293728Balance6959
2024-07-124.494.304.98706442998Balance4730
2024-07-054.444.284.61684320295Balance3716
2024-06-284.424.273.73860786105Balance2012
2024-06-214.304.26-0.08613746262Balance617
2024-06-144.244.26-2.60719445149Balance-115
2024-06-074.304.25-1.95629653492Balance812
2024-05-314.304.25-3.02703353211Balance1312
2024-05-244.334.24-2.23738715920Balance3216
2024-05-174.364.24-3.71759790162Balance4423
2024-05-104.394.25-3.26888275321Balance4834
2024-05-034.414.26-1.43528972883Balance4626
2024-04-264.474.270.42843548105Balance5026
2024-04-194.554.282.691507744631Balance1914
2024-04-124.254.28-2.70773881760Balance56
2024-04-054.394.30-1.24440487471Balance1111
2024-03-294.394.31-0.47760745886Rotation Up2419
2024-03-224.384.32-1.28986255184Rotation Up2024
2024-03-154.334.34-2.80932027457Rotation Up2344
2024-03-084.544.361.801116425858Rotation Up3048
2024-03-014.554.372.711370366974Rotation Up3037
2024-02-234.574.384.041742491100Downward Expansion1427
2024-02-094.294.392.521436150962Downward Expansion-2218
2024-02-024.184.395.062215218416Downward Expansion-4128
2024-01-264.284.390.752125787802Downward Expansion-5342
2024-01-193.804.40-8.05748995732Downward Expansion-7674
2024-01-123.764.43-10.66767173688Downward Expansion-8364
2024-01-054.004.46-6.63688578836Downward Expansion-6851
2023-12-294.124.48-5.35861319593Downward Expansion-6148
2023-12-224.014.49-5.84583434632Downward Expansion-7057
2023-12-154.074.51-5.46599580854Downward Expansion-6753
2023-12-084.084.53-6.09759532631Downward Expansion-6861
2023-12-014.114.57-7.04834914740Downward Expansion-6672
2023-11-244.164.59-5.99962030079Downward Expansion-6576
2023-11-174.124.62-6.82641925231Downward Expansion-6979
2023-11-104.114.66-6.41782409596Downward Expansion-7480
2023-11-034.114.70-5.75770703140Downward Expansion-7776
2023-10-274.184.72-3.201100530327Downward Expansion-7569
2023-10-204.354.752.56807663609Balance-6753
2023-10-134.594.805.19741328045Balance-4828
2023-09-294.534.823.64653413296Balance-4321
2023-09-224.714.857.78744660737Balance-2812
Price vs TrendBelow-3.2%
Trend directionFalling-5.7%
Price vs current Fair ValueBelow anchor-11.3%
Fair Value directionClosing upward+4.0%
Relative Strength vs benchmarkLagging-7.4%
Relative strength directionImproving+13.9%
Price momentumNegative-5.2%
Volume balanceDemand-led1.44ร—
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

-55 / ยฑ100

-11.9 points since 2026-09-04

Energy

38 /100

+6.2 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.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance31
Rotation Up16
Upward Expansion4
Deceleration49
Rotation Down60
Downward Expansion79

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 todayโ€™s regime

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

Balance 26%Rotation Up 6%Upward Expansion 17%Deceleration 11%Rotation Down 4%Downward Expansion 36%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Downward Expansion2026-01-232026-10-02Extended-17.4%
Rotation Down2025-12-262026-01-16New+0.2%
Balance2025-09-262025-12-19Established-2.5%
Rotation Up2025-08-222025-09-19Developing-8.0%
Balance2025-07-182025-08-15Developing-0.9%
Downward Expansion2025-06-272025-07-11New+1.9%
Deceleration2025-04-112025-06-20Developing-3.0%
Upward Expansion2025-02-142025-04-04Developing-6.5%
Rotation Down2025-01-312025-02-07New+7.0%
Deceleration2024-12-202025-01-24Developing-7.6%
Upward Expansion2024-10-042024-12-13Developing-0.6%
Balance2024-09-132024-09-27New+11.2%
Upward Expansion2024-07-262024-09-06Developing-0.9%
Balance2024-04-052024-07-19Established+3.9%
Classic Stage Analysis comparison
Stage 1 ยท Basing70
Stage 2 ยท Advancing10
Stage 3 ยท Distribution15
Stage 4 ยท Declining90

Legacy result: Stage 4 ยท Stage 4C ยท 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
68/100
Current Relative Strength
-7.39
Relative Strength direction
Improving
Price momentum
-5.2%
Excess performance vs benchmark
-4.2%
Communication Services regime cohort
57th percentile14 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume0.91ร—

Latest completed volume relative to typical participation.

Up/down volume1.44ร—

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+0.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+37.5%

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.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity CNY 4.21falling
Slow Activity CNY 4.29falling
Trend Reference CNY 4.37-3.2% close margin
Current Fair Value CNY 4.77-11.3% close margin
Structural low CNY 4.04shock / 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 +3.0%
Annualized volatility +17.0%
From structural high -23.5%
From structural low +4.7%
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 movePositive periodsDirectional follow-through Median excess vs 000001.SS Regime survived Read
Near term26-0.6%-8.8% to +20.3%+42.3%+57.7%-1.6%+84.6%Usable descriptive sample
Intermediate10-0.5%-12.8% to +4.3%+40.0%+60.0%-1.3%+60.0%Usable descriptive sample
Extended6-7.1%-19.6% to +16.4%+33.3%+66.7%-2.5%+50.0%Usable descriptive sample
Full cycle3-11.3%-21.8% to -6.4%+0.0%+100.0%+1.7%+33.3%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.

Evidence context