Weekly structural research · SHH · Industrials

603507 Stage Analysis

JiangSu Zhenjiang New Energy Equipment Co., Ltd.

Week ending 2 Oct 2026Close CNY 27.71Tenure DevelopingBenchmark 000001.SS

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Downward Expansion · Early 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: improving.
Activity structure: moderate and contracting.

Direction 2−100 bearish to +100 bullish

Energy 15/100directional strength

Maturity 68/100lifecycle context

Confidence 45/100evidence agreement

Trend gate Downstructural direction

Activity structure Moderatecontracting separation

Price acceptance +0.0%position within the Activity structure

Fair Value context +41.1%CNY 19.64 · 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	27.71	27.89	16.31	46671678	Downward Expansion	2	15
2026-09-25	26.75	27.80	11.54	75827424	Downward Expansion	-32	25
2026-09-18	24.20	27.74	0.73	66511285	Downward Expansion	-58	46
2026-09-11	22.17	27.72	-6.84	18468338	Downward Expansion	-69	67
2026-09-04	22.41	27.81	-6.74	23179805	Downward Expansion	-68	49
2026-08-28	23.80	27.79	-1.43	6703956	Downward Expansion	-46	37
2026-08-21	23.04	27.74	-3.37	4337118	Downward Expansion	-56	41
2026-08-14	25.24	27.68	5.32	11728541	Rotation Down	-59	45
2026-08-07	24.48	27.60	1.98	7382814	Rotation Down	-37	57
2026-07-31	23.43	27.45	0.67	7165331	Rotation Down	-39	67
2026-07-24	22.37	27.29	-3.10	10682170	Rotation Down	-44	69
2026-07-17	21.84	27.16	-3.95	46131458	Rotation Down	-44	68
2026-07-10	23.51	27.07	-2.43	37218211	Rotation Down	-42	63
2026-07-03	25.46	26.90	4.58	37766667	Deceleration	-31	47
2026-06-26	25.54	26.66	5.63	36510715	Deceleration	-14	30
2026-06-19	28.77	26.37	17.51	36101435	Deceleration	7	23
2026-06-12	27.75	26.04	15.60	36111293	Deceleration	12	23
2026-06-05	27.73	25.76	16.14	35190966	Deceleration	24	21
2026-05-29	29.58	25.45	23.13	50071115	Upward Expansion	43	28
2026-05-22	32.30	25.08	33.62	60069650	Upward Expansion	51	45
2026-05-15	34.46	24.60	42.58	67563953	Upward Expansion	65	58
2026-05-08	33.17	24.13	36.62	61409678	Upward Expansion	66	61
2026-05-01	36.31	23.70	52.99	77607154	Upward Expansion	78	76
2026-04-24	34.18	23.19	46.90	86931221	Upward Expansion	70	77
2026-04-17	34.25	22.76	49.93	78538396	Upward Expansion	76	87
2026-04-10	35.90	22.27	61.49	78805359	Upward Expansion	90	92
2026-04-03	30.85	21.76	43.77	97326565	Upward Expansion	75	84
2026-03-27	32.12	21.43	49.68	120003098	Upward Expansion	90	90
2026-03-20	28.88	21.10	34.27	132141396	Upward Expansion	83	85
2026-03-13	28.55	20.85	28.91	128856515	Upward Expansion	87	82
2026-03-06	24.94	20.61	12.19	45651358	Upward Expansion	72	81
2026-02-27	24.90	20.40	11.15	40088684	Upward Expansion	77	80
2026-02-13	23.76	20.18	8.50	71887624	Upward Expansion	71	74
2026-02-06	24.85	20.00	14.22	74149562	Upward Expansion	86	81
2026-01-30	21.61	19.79	-1.62	64406704	Upward Expansion	62	71
2026-01-23	22.31	19.69	0.97	50472675	Rotation Up	65	73
2026-01-16	21.32	19.57	-2.81	67133383	Rotation Up	38	56
2026-01-09	22.75	19.45	3.16	147042203	Rotation Up	51	45
2026-01-02	20.00	19.30	-5.91	43148140	Downward Expansion	-13	13
2025-12-26	18.70	19.27	-11.99	31965574	Downward Expansion	-36	17
2025-12-19	18.65	19.27	-10.66	34141925	Downward Expansion	-39	22
2025-12-12	18.86	19.31	-9.80	44250078	Downward Expansion	-52	38
2025-12-05	18.54	19.37	-11.88	28066780	Downward Expansion	-55	46
2025-11-28	18.16	19.46	-13.61	33835961	Downward Expansion	-56	44
2025-11-21	16.96	19.52	-18.60	34147887	Downward Expansion	-72	53
2025-11-14	18.84	19.53	-13.55	36286457	Deceleration	-15	30
2025-11-07	19.45	19.46	-11.23	61911326	Deceleration	-17	28
2025-10-31	18.45	19.37	-15.14	34688056	Deceleration	-19	28
2025-10-24	18.51	19.49	-15.21	33361316	Deceleration	-17	20
2025-10-17	17.90	19.49	-16.04	70135817	Deceleration	6	10
2025-10-10	20.37	19.53	-6.08	29848545	Deceleration	37	20
2025-10-03	20.25	19.52	-6.36	44664059	Deceleration	37	19
2025-09-26	21.01	19.53	-1.59	64381682	Deceleration	43	23
2025-09-19	21.07	19.44	-1.06	81353201	Upward Expansion	56	30
2025-09-12	19.74	19.33	-8.55	47074762	Upward Expansion	54	36
2025-09-05	20.52	19.24	-3.78	61022791	Upward Expansion	58	63
2025-08-29	21.05	19.13	-2.51	95210679	Upward Expansion	59	71
2025-08-22	22.23	19.03	3.81	87862908	Upward Expansion	76	76
2025-08-15	21.24	18.91	2.94	116918376	Balance	67	60
2025-08-08	21.47	18.80	5.95	178092479	Balance	66	36
2025-08-01	18.53	18.67	-6.46	65387961	Balance	-15	10
2025-07-25	18.17	18.62	-9.25	54390783	Balance	-21	12
2025-07-18	18.54	18.59	-6.17	88736728	Balance	-6	6
2025-07-11	18.55	18.57	-5.53	39528812	Balance	-9	15
2025-07-04	18.55	18.58	-4.62	67400148	Balance	-10	12
2025-06-27	18.73	18.60	-2.47	48497761	Balance	-10	12
2025-06-20	17.80	18.64	-5.79	56829461	Balance	-15	15
2025-06-13	18.32	18.69	-3.80	135040334	Balance	19	12
2025-06-06	18.83	18.72	-1.51	50298491	Balance	41	21
2025-05-30	18.84	18.75	-0.40	76849285	Balance	46	39
2025-05-23	19.68	18.79	3.94	119590279	Balance	49	41
2025-05-16	20.86	18.80	9.48	133184551	Balance	54	43
2025-05-09	21.31	18.68	12.89	229927174	Balance	32	14
2025-05-02	19.89	18.56	7.68	99852992	Balance	6	14
2025-04-25	17.15	18.51	-7.32	96765058	Balance	-43	26
2025-04-18	16.69	18.51	-9.15	132046855	Balance	-28	17
2025-04-11	16.94	18.47	-6.46	173906194	Upward Expansion	26	14
2025-04-04	21.88	18.43	17.24	127890511	Upward Expansion	79	67
2025-03-28	18.65	18.22	0.25	33498686	Upward Expansion	45	48
2025-03-21	19.15	18.11	2.75	56364958	Upward Expansion	54	52
2025-03-14	20.07	17.95	6.30	51389400	Balance	63	51
2025-03-07	20.44	17.80	10.29	77797820	Balance	65	33
2025-02-28	18.36	17.63	1.21	81746562	Balance	17	12
2025-02-21	17.61	17.56	-4.15	26158716	Balance	-10	18
2025-02-14	17.02	17.55	-6.10	24465920	Deceleration	-1	7
2025-02-07	17.39	17.52	-2.47	20937788	Deceleration	14	8
2025-01-31	18.05	17.51	3.28	4116242	Deceleration	24	12
2025-01-24	18.57	17.46	6.68	30694407	Deceleration	15	13
2025-01-17	17.80	17.46	2.94	19202014	Deceleration	7	17
2025-01-10	17.74	17.49	5.16	27233804	Deceleration	7	18
2025-01-03	16.95	17.49	-0.56	28278488	Deceleration	1	15
2024-12-27	17.26	17.50	-4.22	19971269	Deceleration	18	17
2024-12-20	18.04	17.53	1.19	22593704	Deceleration	36	19
2024-12-13	18.68	17.55	4.38	20955395	Upward Expansion	42	27
2024-12-06	19.20	17.53	7.25	39367360	Upward Expansion	55	36
2024-11-29	19.86	17.48	13.94	19883710	Upward Expansion	62	44
2024-11-22	19.45	17.35	14.08	39478895	Upward Expansion	59	51
2024-11-15	19.09	17.19	10.25	34169136	Upward Expansion	62	67
2024-11-08	19.99	17.00	11.73	48556320	Upward Expansion	72	74
2024-11-01	19.79	16.81	17.11	46880501	Upward Expansion	74	73
2024-10-25	20.05	16.65	18.26	78887870	Upward Expansion	70	69
2024-10-18	17.44	16.47	4.61	26681581	Upward Expansion	44	42
2024-10-11	17.47	16.38	6.42	51645024	Deceleration	44	35
2024-10-04	18.62	16.26	9.64	10988458	Deceleration	50	35
2024-09-27	16.99	16.08	8.49	24015700	Deceleration	7	9
2024-09-20	15.41	15.93	11.31	9084552	Deceleration	-24	17
2024-09-13	15.93	15.84	16.78	22565023	Rotation Down	-17	20
2024-09-06	15.46	15.70	11.29	21502824	Rotation Down	-21	42
2024-08-30	15.45	15.55	8.58	17484304	Rotation Down	-22	46
2024-08-23	14.33	15.46	0.47	14167127	Deceleration	-36	47
2024-08-16	15.42	15.43	7.16	13510862	Deceleration	-3	16
2024-08-09	15.39	15.40	7.65	16903536	Deceleration	-3	14
2024-08-02	16.30	15.35	12.44	32879352	Deceleration	26	19
2024-07-26	17.23	15.30	19.58	33887388	Deceleration	32	22
2024-07-19	16.37	15.17	10.20	25275730	Deceleration	36	20
2024-07-12	16.84	15.07	13.48	61734980	Upward Expansion	42	30
2024-07-05	16.67	14.96	12.88	35156725	Upward Expansion	48	38
2024-06-28	18.63	14.88	24.97	35477824	Upward Expansion	67	53
2024-06-21	18.62	14.75	23.51	42355415	Upward Expansion	71	55
2024-06-14	17.71	14.63	16.11	20447707	Upward Expansion	64	56
2024-06-07	17.39	14.53	12.92	43553454	Upward Expansion	66	79
2024-05-31	18.08	14.44	15.68	28702078	Upward Expansion	70	87
2024-05-24	18.67	14.31	19.09	32390000	Upward Expansion	82	91
2024-05-17	17.98	14.16	12.20	39178556	Upward Expansion	82	86
2024-05-10	17.66	14.05	10.02	47649966	Rotation Up	83	72
2024-05-03	16.00	13.97	1.15	29962320	Rotation Up	43	30
2024-04-26	14.66	13.92	-7.04	40359513	Rotation Up	19	17
2024-04-19	13.28	13.93	-15.53	26511544	Rotation Up	8	17
2024-04-12	14.52	13.99	-6.93	26620263	Rotation Up	21	38
2024-04-05	14.89	14.01	-6.58	22480254	Rotation Up	26	33
2024-03-29	14.79	14.00	-6.66	30435390	Downward Expansion	24	27
2024-03-22	14.69	14.02	-7.99	36102958	Downward Expansion	-6	15
2024-03-15	13.72	14.06	-14.92	33697094	Downward Expansion	-31	17
2024-03-08	13.23	14.17	-18.51	33737496	Downward Expansion	-53	34
2024-03-01	12.69	14.30	-22.11	26587660	Downward Expansion	-60	57
2024-02-23	12.56	14.44	-22.94	27058614	Downward Expansion	-63	72
2024-02-09	11.71	14.65	-25.38	40842360	Downward Expansion	-72	78
2024-02-02	11.14	14.90	-26.07	45803285	Downward Expansion	-84	74
2024-01-26	12.68	15.22	-21.43	72589780	Downward Expansion	-73	46
2024-01-19	13.38	15.49	-15.23	28077118	Downward Expansion	-55	30
2024-01-12	14.37	15.75	-10.84	34596957	Downward Expansion	-40	25
2024-01-05	13.98	15.95	-14.84	23650157	Downward Expansion	-57	41
2023-12-29	14.71	16.21	-11.83	45362409	Downward Expansion	-61	48
2023-12-22	13.52	16.42	-17.45	17352826	Downward Expansion	-69	69
2023-12-15	13.37	16.68	-19.49	18806612	Downward Expansion	-77	64
2023-12-08	13.63	16.92	-19.25	14550215	Downward Expansion	-76	56
2023-12-01	14.12	17.15	-18.52	14853674	Downward Expansion	-69	47
2023-11-24	14.65	17.34	-16.28	12776863	Downward Expansion	-48	39
2023-11-17	15.01	17.48	-15.19	17005601	Downward Expansion	-49	45
2023-11-10	14.90	17.64	-15.85	17710977	Downward Expansion	-61	55
2023-11-03	14.64	17.83	-17.52	32885212	Downward Expansion	-64	62
2023-10-27	14.23	18.03	-19.94	24227805	Downward Expansion	-72	65
2023-10-20	14.18	18.19	-19.66	25357599	Downward Expansion	-75	66
2023-10-13	14.63	18.39	-20.22	20193662	Downward Expansion	-70	65
2023-09-29	15.24	18.64	-17.80	21599890	Downward Expansion	-65	63
2023-09-22	14.61	18.93	-22.01	11832069	Downward Expansion	-72	73

Price vs TrendBelow-0.7%

Trend directionRising+2.2%

Price vs current Fair ValuePremium+41.1%

Fair Value directionClosing upward+7.6%

Relative Strength vs benchmarkLeading+16.3%

Relative strength directionImproving+11.7%

Price momentumNegative-10.2%

Volume balanceDemand-led1.80×

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

2 / ±100

+69.5 points since 2026-09-04

Energy

15 /100

-33.7 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.

603507 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance57

Rotation Up38

Upward Expansion29

Deceleration47

Rotation Down20

Downward Expansion51

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 14%Rotation Up 6%Upward Expansion 28%Deceleration 21%Rotation Down 6%Downward Expansion 26%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-08-21	2026-10-02	Developing	+20.3%
Rotation Down	2026-07-10	2026-08-14	Developing	+7.3%
Deceleration	2026-06-05	2026-07-03	Developing	-8.2%
Upward Expansion	2026-01-30	2026-05-29	Established	+36.8%
Rotation Up	2026-01-09	2026-01-23	New	-2.0%
Downward Expansion	2025-11-21	2026-01-02	Developing	+17.9%
Deceleration	2025-09-26	2025-11-14	Developing	-10.3%
Upward Expansion	2025-08-22	2025-09-19	Developing	-5.2%
Balance	2025-04-18	2025-08-15	Established	+27.2%
Upward Expansion	2025-03-21	2025-04-11	New	-11.5%
Balance	2025-02-21	2025-03-14	New	+14.0%
Deceleration	2024-12-20	2025-02-14	Developing	-5.6%
Upward Expansion	2024-10-18	2024-12-13	Developing	+7.1%
Deceleration	2024-09-20	2024-10-11	New	+13.4%

Classic Stage Analysis comparison

Stage 1 · Basing59

Stage 2 · Advancing71

Stage 3 · Distribution51

Stage 4 · Declining29

Legacy result: Stage 1 · Stage 1B · Basing. 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

Leading benchmark

Architecture confirmation: 12/100
Current Relative Strength: 16.31
Relative Strength direction: Improving
Price momentum: -10.2%
Excess performance vs benchmark: -9.2%
Industrials regime cohort: 2th percentile330 in cohort

Test 603507 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.43×

Latest completed volume relative to typical participation.

Up/down volume1.80×

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 2

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+50.0%

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 603507 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity CNY 25.66rising

Slow Activity CNY 26.04falling

Trend Reference CNY 27.89-0.7% close margin

Current Fair Value CNY 19.64+41.1% close margin

Structural low CNY 21.46shock / 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 +7.9%

Annualized volatility +48.8%

From structural high -26.7%

From structural low +63.7%

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 000001.SS	Regime survived	Read
Near term	16	+2.5%-21.6% to +31.2%	+62.5%	+37.5%	+3.2%	+81.2%	Usable descriptive sample
Intermediate	5	+24.5%-21.4% to +53.6%	+60.0%	+40.0%	+21.3%	+40.0%	Usable descriptive sample
Extended	4	+27.9%-31.8% to +74.5%	+75.0%	+25.0%	+31.6%	+25.0%	Too little matched history
Full cycle	2	+13.3%-10.2% to +36.9%	+50.0%	+50.0%	+18.7%	+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.

603507 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

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 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 ?

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