Weekly structural research · SHH · Healthcare

603590 Stage Analysis

Beijing Konruns Pharmaceutical Co.,Ltd.

Week ending 2 Oct 2026Close CNY 32.11Tenure ExtendedBenchmark 000001.SS

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: weakening.
Activity structure: compressed and stable.

Direction -48−100 bearish to +100 bullish

Energy 35/100directional strength

Maturity 79/100lifecycle context

Confidence 88/100evidence agreement

Trend gate Downstructural direction

Activity structure Compressedstable separation

Price acceptance -50.0%position within the Activity structure

Fair Value context -3.8%CNY 33.40 · 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	32.11	33.06	-12.27	9089152	Downward Expansion	-48	35
2026-09-25	29.38	33.35	-21.53	7744006	Downward Expansion	-59	64
2026-09-18	28.80	33.80	-24.62	5666828	Downward Expansion	-66	67
2026-09-11	28.41	34.25	-26.18	7625323	Downward Expansion	-71	58
2026-09-04	30.03	34.74	-23.93	1464600	Downward Expansion	-61	35
2026-08-28	30.75	35.08	-23.56	2478600	Downward Expansion	-53	25
2026-08-21	32.21	35.48	-19.88	10286184	Downward Expansion	-35	20
2026-08-14	32.73	35.83	-20.11	2475744	Downward Expansion	-36	23
2026-08-07	32.94	36.24	-20.90	5803991	Downward Expansion	-36	21
2026-07-31	29.76	36.47	-27.77	2514000	Downward Expansion	-51	29
2026-07-24	31.57	36.81	-24.13	2527800	Downward Expansion	-39	23
2026-07-17	34.21	37.15	-17.74	6990600	Downward Expansion	-46	34
2026-07-10	31.93	37.44	-28.11	4483200	Downward Expansion	-63	55
2026-07-03	31.37	37.80	-30.45	3186100	Downward Expansion	-66	81
2026-06-26	27.82	38.25	-38.20	2164800	Downward Expansion	-79	91
2026-06-19	29.15	38.75	-36.47	7245900	Downward Expansion	-79	86
2026-06-12	29.60	39.35	-34.81	2830100	Downward Expansion	-82	74
2026-06-05	30.11	39.89	-33.83	3682700	Downward Expansion	-83	56
2026-05-29	34.45	40.57	-25.26	25378063	Downward Expansion	-66	41
2026-05-22	37.76	41.04	-19.05	29970467	Downward Expansion	-57	40
2026-05-15	35.09	41.42	-25.11	15906030	Downward Expansion	-66	60
2026-05-08	35.62	41.94	-24.82	9973018	Downward Expansion	-62	48
2026-05-01	35.40	42.54	-24.14	12430900	Downward Expansion	-66	47
2026-04-24	35.25	43.12	-23.85	17974420	Downward Expansion	-71	49
2026-04-17	38.61	43.82	-15.99	13698100	Downward Expansion	-58	45
2026-04-10	37.72	44.36	-16.42	10303700	Downward Expansion	-61	61
2026-04-03	37.74	45.00	-13.87	14853220	Downward Expansion	-63	72
2026-03-27	36.76	45.62	-16.45	11291426	Downward Expansion	-71	76
2026-03-20	36.42	46.15	-17.79	13383544	Downward Expansion	-77	71
2026-03-13	38.09	46.84	-16.58	12084944	Downward Expansion	-73	48
2026-03-06	40.89	47.44	-10.69	10329501	Downward Expansion	-56	33
2026-02-27	42.92	48.20	-6.64	6544800	Downward Expansion	-40	29
2026-02-13	42.15	48.68	-5.96	11955702	Downward Expansion	-41	30
2026-02-06	43.01	49.10	-3.09	16006869	Downward Expansion	-43	32
2026-01-30	40.33	49.13	-9.71	13897021	Downward Expansion	-55	35
2026-01-23	42.93	48.94	-3.88	17339026	Downward Expansion	-45	34
2026-01-16	42.63	48.56	-3.19	26285977	Downward Expansion	-59	44
2026-01-09	45.04	48.13	2.46	29287205	Downward Expansion	-61	55
2026-01-02	39.75	47.71	-5.42	7353700	Rotation Down	-72	77
2025-12-26	40.00	47.40	-4.15	10203200	Rotation Down	-48	66
2025-12-19	41.68	47.09	2.34	9818900	Rotation Down	-42	58
2025-12-12	43.03	46.71	6.33	15998993	Rotation Down	-39	54
2025-12-05	42.79	46.25	6.00	19019625	Rotation Down	-29	45
2025-11-28	44.68	45.80	11.76	7408432	Deceleration	-24	41
2025-11-21	42.76	45.31	9.28	10103288	Deceleration	-12	32
2025-11-14	47.42	44.82	17.34	10184191	Deceleration	3	15
2025-11-07	45.80	44.17	14.17	16903508	Deceleration	-1	13
2025-10-31	50.50	43.55	28.33	12757489	Deceleration	14	15
2025-10-24	48.41	42.75	24.55	15353565	Deceleration	16	15
2025-10-17	49.22	41.93	31.59	21547508	Deceleration	31	19
2025-10-10	50.58	41.07	34.78	4878500	Deceleration	38	22
2025-10-03	53.80	40.16	45.59	4706900	Deceleration	42	28
2025-09-26	52.57	39.13	46.23	17929185	Upward Expansion	45	33
2025-09-19	56.35	38.14	59.19	22493100	Upward Expansion	49	40
2025-09-12	54.93	37.05	55.58	26286153	Upward Expansion	48	41
2025-09-05	56.93	36.00	66.05	36952658	Upward Expansion	64	52
2025-08-29	56.17	34.88	64.42	26838701	Upward Expansion	63	59
2025-08-22	52.85	33.79	58.31	26421091	Upward Expansion	65	65
2025-08-15	56.89	32.80	78.75	34532165	Upward Expansion	67	76
2025-08-08	56.29	31.65	82.59	30552156	Upward Expansion	69	89
2025-08-01	63.44	30.50	113.64	57770327	Upward Expansion	95	98
2025-07-25	57.59	29.11	96.53	52461072	Upward Expansion	95	98
2025-07-18	54.75	27.99	93.69	57723463	Upward Expansion	98	98
2025-07-11	43.91	26.99	59.23	35473015	Upward Expansion	94	87
2025-07-04	34.50	26.42	27.78	13988686	Upward Expansion	78	54
2025-06-27	31.58	26.14	19.16	11151279	Upward Expansion	64	45
2025-06-20	29.58	25.91	14.00	12597758	Upward Expansion	59	44
2025-06-13	32.42	25.71	24.40	21569259	Upward Expansion	74	56
2025-06-06	30.70	25.42	17.84	8864662	Upward Expansion	67	53
2025-05-30	30.44	25.21	18.41	11310356	Upward Expansion	68	55
2025-05-23	30.53	24.96	18.82	11270163	Upward Expansion	74	64
2025-05-16	29.01	24.73	12.34	7678071	Upward Expansion	65	68
2025-05-09	29.32	24.52	14.16	9315000	Upward Expansion	72	80
2025-05-02	30.08	24.31	19.10	9370402	Upward Expansion	85	87
2025-04-25	27.99	24.12	10.27	17490083	Upward Expansion	74	82
2025-04-18	27.89	23.93	10.25	19064251	Upward Expansion	79	81
2025-04-11	27.20	23.66	8.67	26016055	Upward Expansion	78	74
2025-04-04	26.69	23.43	3.07	22436477	Upward Expansion	67	58
2025-03-28	23.71	23.26	-9.14	7491476	Balance	24	11
2025-03-21	23.34	23.21	-11.52	5483868	Balance	4	5
2025-03-14	23.31	23.17	-13.70	4599876	Balance	13	7
2025-03-07	23.07	23.22	-14.03	5119023	Balance	3	4
2025-02-28	22.85	23.24	-14.06	5289731	Balance	2	3
2025-02-21	23.62	23.26	-13.34	6262900	Balance	9	9
2025-02-14	23.44	23.24	-13.70	5086827	Balance	4	6
2025-02-07	23.15	23.26	-14.24	2800781	Balance	-10	9
2025-01-31	23.57	23.32	-11.79	1237060	Balance	-14	23
2025-01-24	23.17	23.32	-14.00	5936997	Balance	-17	28
2025-01-17	22.40	23.38	-17.35	3327364	Balance	-18	30
2025-01-10	21.66	23.48	-19.15	4546515	Balance	-17	26
2025-01-03	21.94	23.61	-20.14	3966924	Rotation Up	-13	9
2024-12-27	23.75	23.72	-19.38	5278159	Rotation Up	54	45
2024-12-20	24.90	23.84	-15.70	9204881	Rotation Up	30	51
2024-12-13	26.65	23.92	-11.49	12533673	Rotation Up	46	59
2024-12-06	26.27	24.02	-14.03	19397584	Balance	35	46
2024-11-29	24.79	24.17	-17.94	8468821	Balance	6	20
2024-11-22	23.48	24.30	-21.78	6522561	Balance	-10	11
2024-11-15	23.59	24.47	-23.77	8557380	Balance	-10	12
2024-11-08	24.39	24.61	-24.80	8461537	Balance	-1	8
2024-11-01	22.90	24.74	-26.33	10643677	Balance	-24	15
2024-10-25	23.63	24.99	-25.41	8321607	Downward Expansion	-24	21
2024-10-18	22.89	25.21	-27.57	7052685	Downward Expansion	-31	22
2024-10-11	22.95	25.46	-27.06	12529814	Downward Expansion	-38	23
2024-10-04	24.32	25.70	-26.08	4211102	Downward Expansion	-53	39
2024-09-27	22.35	25.85	-27.15	7218319	Downward Expansion	-64	66
2024-09-20	19.78	26.10	-27.83	2005200	Downward Expansion	-79	85
2024-09-13	20.26	26.41	-25.69	5042799	Downward Expansion	-80	81
2024-09-06	21.53	26.67	-23.33	7942175	Downward Expansion	-73	56
2024-08-30	22.28	26.82	-23.14	9519280	Downward Expansion	-69	50
2024-08-23	22.12	27.10	-24.40	10371408	Downward Expansion	-76	52
2024-08-16	25.01	27.42	-15.63	9194965	Downward Expansion	-59	47
2024-08-09	23.58	27.71	-20.14	7306711	Downward Expansion	-64	57
2024-08-02	23.55	28.11	-21.77	5480572	Downward Expansion	-66	58
2024-07-26	22.75	28.55	-24.38	4282555	Downward Expansion	-81	71
2024-07-19	24.25	29.02	-22.14	3159100	Downward Expansion	-69	66
2024-07-12	24.78	29.48	-20.42	3567956	Downward Expansion	-66	67
2024-07-05	23.80	29.94	-23.22	3052112	Downward Expansion	-79	83
2024-06-28	24.75	30.47	-20.87	3335403	Downward Expansion	-76	84
2024-06-21	25.51	30.97	-19.41	3285276	Downward Expansion	-70	81
2024-06-14	25.66	31.40	-20.04	3677117	Downward Expansion	-73	81
2024-06-07	25.02	31.82	-22.92	5815617	Downward Expansion	-81	75
2024-05-31	27.42	32.25	-16.97	3006383	Downward Expansion	-65	41
2024-05-24	27.33	32.56	-17.57	5037705	Downward Expansion	-66	36
2024-05-17	29.62	32.82	-12.78	5072769	Downward Expansion	-40	25
2024-05-10	30.74	33.03	-9.78	10875624	Downward Expansion	-52	35
2024-05-03	28.66	33.20	-14.63	3459500	Downward Expansion	-56	45
2024-04-26	28.57	33.42	-14.62	5925193	Downward Expansion	-56	41
2024-04-19	27.74	33.64	-16.67	7348202	Downward Expansion	-63	41
2024-04-12	28.34	33.84	-13.81	9230154	Downward Expansion	-50	31
2024-04-05	30.48	34.04	-8.90	2391909	Downward Expansion	-38	25
2024-03-29	30.33	34.08	-8.37	4537798	Downward Expansion	-41	30
2024-03-22	30.45	34.15	-8.09	6029260	Downward Expansion	-44	34
2024-03-15	29.87	34.21	-9.90	10108199	Downward Expansion	-57	44
2024-03-08	28.92	34.28	-12.42	8165843	Downward Expansion	-62	54
2024-03-01	29.87	34.47	-8.93	16569378	Downward Expansion	-65	68
2024-02-23	28.97	34.57	-10.77	8065926	Rotation Down	-68	86
2024-02-09	28.10	34.67	-9.02	12707980	Rotation Down	-50	81
2024-02-02	26.16	34.80	-10.85	7852515	Rotation Down	-67	87
2024-01-26	30.57	34.99	-2.08	7209634	Rotation Down	-49	73
2024-01-19	31.77	35.00	5.03	6700083	Deceleration	-46	47
2024-01-12	33.79	34.94	10.48	5074493	Deceleration	-15	28
2024-01-05	35.50	34.88	15.01	5232653	Deceleration	17	22
2023-12-29	36.90	34.92	18.62	4982428	Upward Expansion	38	24
2023-12-22	36.87	34.91	21.88	5879605	Upward Expansion	47	36
2023-12-15	37.93	34.84	25.26	6382085	Upward Expansion	63	55
2023-12-08	38.54	34.75	27.28	5681193	Upward Expansion	66	78
2023-12-01	39.85	34.69	30.07	8038545	Upward Expansion	77	87
2023-11-24	39.76	34.52	30.55	5361900	Upward Expansion	81	87
2023-11-17	38.18	34.32	25.93	5182635	Upward Expansion	70	77
2023-11-10	38.34	34.24	27.95	5593617	Upward Expansion	76	75
2023-11-03	37.88	34.14	27.95	9856504	Upward Expansion	75	63
2023-10-27	36.73	33.95	25.77	5444145	Upward Expansion	69	57
2023-10-20	35.26	33.72	23.29	5045997	Upward Expansion	59	56
2023-10-13	35.92	33.53	22.42	5537050	Upward Expansion	67	66
2023-09-29	35.75	33.32	22.06	3134760	Upward Expansion	56	61
2023-09-22	35.14	33.14	20.12	3739338	Balance	52	53

Price vs TrendBelow-2.9%

Trend directionFalling-10.2%

Price vs current Fair ValueBelow anchor-3.8%

Fair Value directionClosing upward+2.6%

Relative Strength vs benchmarkLagging-12.3%

Relative strength directionImproving+18.2%

Price momentumNegative-14.9%

Volume balanceDemand-led1.35×

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

-48 / ±100

+13.3 points since 2026-09-04

Energy

35 /100

+0.2 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.

603590 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance28

Rotation Up20

Upward Expansion6

Deceleration47

Rotation Down55

Downward Expansion77

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 12%Rotation Up 3%Upward Expansion 25%Deceleration 8%Rotation Down 6%Downward Expansion 47%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-01-09	2026-10-02	Extended	-28.7%
Rotation Down	2025-12-05	2026-01-02	Developing	-7.1%
Deceleration	2025-10-03	2025-11-28	Developing	-17.0%
Upward Expansion	2025-04-04	2025-09-26	Established	+97.0%
Balance	2025-01-10	2025-03-28	Developing	+9.5%
Rotation Up	2024-12-13	2025-01-03	New	-17.7%
Balance	2024-11-01	2024-12-06	Developing	+14.7%
Downward Expansion	2024-03-01	2024-10-25	Extended	-20.9%
Rotation Down	2024-01-26	2024-02-23	New	-5.2%
Deceleration	2024-01-05	2024-01-19	New	-10.5%
Upward Expansion	2023-09-29	2023-12-29	Established	+3.2%
Balance	2023-09-01	2023-09-22	New	+1.9%
Deceleration	2023-06-16	2023-08-25	Developing	+5.5%
Upward Expansion	2023-02-10	2023-06-09	Established	+19.8%

Classic Stage Analysis comparison

Stage 1 · Basing64

Stage 2 · Advancing3

Stage 3 · Distribution19

Stage 4 · Declining97

Legacy result: Stage 4 · Stage 4B · Declining. 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: 76/100
Current Relative Strength: -12.27
Relative Strength direction: Improving
Price momentum: -14.9%
Excess performance vs benchmark: -13.9%
Healthcare regime cohort: 32th percentile99 in cohort

Test 603590 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.27×

Latest completed volume relative to typical participation.

Up/down volume1.35×

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 2

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+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 603590 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity CNY 30.09falling

Slow Activity CNY 31.64falling

Trend Reference CNY 33.06-2.9% close margin

Current Fair Value CNY 33.40-3.8% close margin

Structural low CNY 27.65shock / 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 +7.6%

Annualized volatility +44.0%

From structural high -41.5%

From structural low +16.1%

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	31	-3.0%-19.0% to +13.3%	+38.7%	+61.3%	-3.2%	+87.1%	Usable descriptive sample
Intermediate	10	-7.1%-18.7% to +11.4%	+20.0%	+80.0%	-7.8%	+70.0%	Usable descriptive sample
Extended	6	-13.2%-25.4% to +25.6%	+33.3%	+66.7%	-13.3%	+50.0%	Usable descriptive sample
Full cycle	3	-23.5%-24.8% to +47.9%	+33.3%	+66.7%	-19.2%	+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.

603590 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