Weekly structural research · SHH · Communication Services

603258 Stage Analysis

Hangzhou Electronic Soul Network Technology Co., Ltd.

Week ending 2 Oct 2026Close CNY 14.03Tenure NewBenchmark 000001.SS

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Balance · Balance after decline

Directional pressure has compressed into balance.

Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base.

The Trend gate is down within the current regime.
Fast Activity versus Slow Activity: improving.
Activity structure: compressed and contracting.

Direction 1−100 bearish to +100 bullish

Energy 13/100directional strength

Maturity 25/100lifecycle context

Confidence 59/100evidence agreement

Trend gate Downstructural direction

Activity structure Compressedcontracting separation

Price acceptance +33.3%position within the Activity structure

Fair Value context -27.3%CNY 19.29 · 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	14.03	14.43	-11.86	14716340	Balance	1	13
2026-09-25	13.92	14.58	-14.33	36230232	Balance	-2	12
2026-09-18	12.90	14.75	-21.81	11233412	Balance	-20	15
2026-09-11	13.39	14.98	-19.16	19346473	Downward Expansion	-21	16
2026-09-04	13.70	15.16	-18.97	3437699	Downward Expansion	-34	23
2026-08-28	12.75	15.33	-25.78	1796300	Downward Expansion	-40	30
2026-08-21	12.65	15.55	-26.41	1921705	Downward Expansion	-40	33
2026-08-14	13.08	15.79	-25.29	3679413	Downward Expansion	-47	41
2026-08-07	13.09	16.00	-26.43	4754100	Downward Expansion	-53	52
2026-07-31	13.33	16.18	-23.96	10685276	Downward Expansion	-66	64
2026-07-24	10.82	16.36	-38.74	2552300	Downward Expansion	-84	88
2026-07-17	11.40	16.62	-35.56	4425500	Downward Expansion	-79	89
2026-07-10	11.91	16.86	-37.53	6338909	Downward Expansion	-75	90
2026-07-03	12.14	17.08	-38.06	3427900	Downward Expansion	-76	91
2026-06-26	11.83	17.34	-40.36	6496848	Downward Expansion	-87	95
2026-06-19	12.67	17.60	-38.02	12895362	Downward Expansion	-83	93
2026-06-12	13.29	17.84	-34.94	2241800	Downward Expansion	-81	92
2026-06-05	14.00	18.04	-32.20	3103100	Downward Expansion	-78	88
2026-05-29	13.77	18.23	-34.64	13952159	Downward Expansion	-86	84
2026-05-22	14.92	18.42	-30.56	14661753	Downward Expansion	-80	72
2026-05-15	16.03	18.57	-26.43	14368904	Downward Expansion	-70	50
2026-05-08	17.40	18.73	-21.68	9262643	Downward Expansion	-52	32
2026-05-01	17.05	18.85	-22.59	8154733	Downward Expansion	-60	34
2026-04-24	17.24	18.98	-21.64	8881080	Downward Expansion	-59	35
2026-04-17	17.97	19.12	-18.33	8696948	Downward Expansion	-55	44
2026-04-10	17.99	19.24	-17.30	19659709	Downward Expansion	-59	64
2026-04-03	17.25	19.35	-19.14	19724626	Downward Expansion	-63	70
2026-03-27	16.29	19.52	-24.86	16621400	Downward Expansion	-79	75
2026-03-20	17.04	19.75	-23.01	24344910	Downward Expansion	-74	54
2026-03-13	19.06	19.95	-17.78	41967879	Downward Expansion	-44	21
2026-03-06	18.54	20.08	-21.32	15726109	Downward Expansion	-56	29
2026-02-27	19.11	20.22	-20.35	16040100	Downward Expansion	-27	16
2026-02-13	19.80	20.35	-16.69	28880397	Downward Expansion	-28	17
2026-02-06	18.55	20.45	-22.32	14108300	Downward Expansion	-49	26
2026-01-30	19.02	20.61	-21.93	19136655	Downward Expansion	-38	21
2026-01-23	19.35	20.78	-21.45	17855915	Downward Expansion	-38	22
2026-01-16	19.78	20.95	-19.52	38662611	Downward Expansion	-44	31
2026-01-09	19.33	21.04	-22.08	17934532	Downward Expansion	-61	47
2026-01-02	18.51	21.15	-22.91	4866600	Downward Expansion	-67	71
2025-12-26	18.61	21.25	-22.68	8153576	Downward Expansion	-68	74
2025-12-19	18.69	21.32	-21.26	8784010	Downward Expansion	-66	60
2025-12-12	18.60	21.34	-22.10	8652096	Downward Expansion	-71	56
2025-12-05	18.67	21.39	-22.69	13267637	Downward Expansion	-74	51
2025-11-28	19.98	21.46	-17.40	21632036	Downward Expansion	-59	44
2025-11-21	19.50	21.49	-18.60	11759281	Downward Expansion	-63	50
2025-11-14	19.76	21.50	-21.06	12842515	Downward Expansion	-63	64
2025-11-07	19.43	21.52	-22.92	11671797	Rotation Down	-70	76
2025-10-31	19.70	21.50	-21.39	14309761	Rotation Down	-41	63
2025-10-24	19.58	21.58	-22.03	11878200	Rotation Down	-46	63
2025-10-17	19.31	21.67	-21.15	13260560	Rotation Down	-54	62
2025-10-10	20.72	21.80	-16.84	5063501	Rotation Down	-29	46
2025-10-03	21.05	22.00	-15.25	5610818	Rotation Down	-23	43
2025-09-26	21.08	22.14	-14.05	19938370	Balance	-30	42
2025-09-19	21.44	22.22	-12.50	21653697	Balance	-25	29
2025-09-12	21.35	22.36	-14.06	17838901	Balance	-24	18
2025-09-05	21.35	22.49	-12.85	29801183	Balance	-13	9
2025-08-29	22.42	22.52	-9.58	45505123	Balance	6	6
2025-08-22	23.29	22.50	-5.19	27521043	Balance	10	8
2025-08-15	22.88	22.44	-3.37	23695264	Balance	6	6
2025-08-08	23.01	22.36	-0.98	32090164	Balance	8	7
2025-08-01	22.70	22.25	0.05	22954803	Balance	11	11
2025-07-25	23.01	22.11	0.80	27489731	Rotation Up	43	30
2025-07-18	22.71	22.05	1.50	32097415	Rotation Up	29	42
2025-07-11	23.57	22.05	6.43	57319259	Rotation Up	32	48
2025-07-04	24.16	22.09	10.81	57684818	Balance	29	39
2025-06-27	24.18	22.02	13.06	83303672	Balance	28	28
2025-06-20	22.46	21.94	7.58	77423895	Balance	-15	18
2025-06-13	22.67	21.89	8.52	70849269	Balance	-19	12
2025-06-06	21.70	21.87	3.97	47018602	Downward Expansion	-37	22
2025-05-30	20.63	21.90	0.28	48826584	Downward Expansion	-52	31
2025-05-23	19.31	21.87	-6.02	17183100	Rotation Down	-63	37
2025-05-16	20.07	21.89	-2.85	15025942	Rotation Down	-30	25
2025-05-09	20.88	21.86	1.93	21160930	Rotation Down	-28	30
2025-05-02	20.74	21.75	3.36	18166993	Rotation Down	-23	39
2025-04-25	19.92	21.71	-1.06	20546845	Balance	-26	40
2025-04-18	20.32	21.66	1.68	26030008	Balance	-22	30
2025-04-11	18.80	21.51	-4.50	33615407	Balance	-22	27
2025-04-04	22.18	21.42	9.21	17051271	Upward Expansion	29	15
2025-03-28	22.12	21.20	8.90	22083898	Upward Expansion	38	27
2025-03-21	23.41	20.98	14.93	35130103	Upward Expansion	58	41
2025-03-14	26.67	20.70	28.79	48022120	Upward Expansion	75	69
2025-03-07	25.04	20.35	23.09	50015752	Upward Expansion	66	70
2025-02-28	23.55	20.02	17.98	45192739	Upward Expansion	62	70
2025-02-21	25.83	19.75	27.37	127443821	Upward Expansion	78	76
2025-02-14	25.11	19.40	25.52	37845753	Deceleration	78	66
2025-02-07	22.41	19.09	14.31	16667208	Deceleration	56	33
2025-01-31	21.70	18.85	12.72	3353000	Deceleration	38	17
2025-01-24	21.33	18.64	10.56	21272622	Deceleration	28	21
2025-01-17	20.55	18.46	6.59	17395900	Deceleration	25	23
2025-01-10	19.68	18.30	4.06	20176943	Deceleration	30	22
2025-01-03	18.70	18.22	-2.89	15122500	Upward Expansion	32	24
2024-12-27	21.02	18.14	2.53	24124432	Upward Expansion	58	45
2024-12-20	22.84	18.02	11.92	44106916	Upward Expansion	62	51
2024-12-13	24.79	17.85	19.83	45429734	Upward Expansion	82	60
2024-12-06	22.05	17.62	5.73	22459605	Upward Expansion	66	53
2024-11-29	21.70	17.49	5.84	26507514	Upward Expansion	66	66
2024-11-22	20.96	17.37	3.56	25802485	Upward Expansion	65	68
2024-11-15	22.22	17.23	7.05	41242749	Upward Expansion	76	80
2024-11-08	22.45	17.02	3.77	42073283	Upward Expansion	85	81
2024-11-01	19.66	16.84	-4.58	41422539	Upward Expansion	67	61
2024-10-25	19.97	16.78	-4.42	41840282	Rotation Up	74	77
2024-10-18	19.08	16.75	-8.12	41311288	Rotation Up	41	62
2024-10-11	17.59	16.83	-14.72	45943533	Rotation Up	20	46
2024-10-04	19.80	16.91	-8.34	14608724	Balance	45	57
2024-09-27	18.20	16.89	-9.75	37046819	Balance	11	18
2024-09-20	15.98	16.95	-11.43	13791441	Balance	-31	15
2024-09-13	15.92	17.06	-11.92	39244921	Downward Expansion	-36	20
2024-09-06	15.76	17.03	-16.01	34776635	Downward Expansion	-40	23
2024-08-30	15.53	17.07	-20.36	21965422	Downward Expansion	-53	31
2024-08-23	15.02	17.24	-24.19	29887704	Downward Expansion	-62	38
2024-08-16	15.97	17.44	-21.12	27096420	Downward Expansion	-56	38
2024-08-09	15.31	17.62	-24.91	35290678	Downward Expansion	-61	44
2024-08-02	15.27	17.86	-27.11	19747406	Downward Expansion	-64	49
2024-07-26	15.29	18.10	-27.68	28253361	Downward Expansion	-66	55
2024-07-19	15.80	18.34	-28.67	35806831	Downward Expansion	-63	63
2024-07-12	15.31	18.68	-31.69	12761568	Downward Expansion	-71	74
2024-07-05	15.48	19.04	-31.80	10734500	Downward Expansion	-71	69
2024-06-28	15.95	19.37	-31.73	18754620	Downward Expansion	-68	63
2024-06-21	15.76	19.66	-34.82	11036652	Downward Expansion	-71	56
2024-06-14	17.11	19.99	-31.57	9377552	Downward Expansion	-55	40
2024-06-07	16.44	20.28	-35.98	13832637	Downward Expansion	-64	39
2024-05-31	17.53	20.55	-33.66	11404527	Downward Expansion	-42	27
2024-05-24	17.50	20.75	-34.93	15264571	Downward Expansion	-43	26
2024-05-17	17.95	20.95	-35.67	29415222	Downward Expansion	-51	32
2024-05-10	18.08	21.19	-36.31	17586404	Downward Expansion	-56	41
2024-05-03	18.11	21.48	-36.33	12865827	Downward Expansion	-60	53
2024-04-26	16.88	21.83	-41.36	18583136	Downward Expansion	-62	61
2024-04-19	15.91	22.21	-45.00	26753623	Downward Expansion	-72	59
2024-04-12	17.12	22.78	-40.38	35862666	Downward Expansion	-66	41
2024-04-05	17.87	23.35	-39.10	22214410	Downward Expansion	-52	30
2024-03-29	18.86	23.75	-35.47	37166367	Downward Expansion	-42	24
2024-03-22	21.55	24.14	-26.65	64007186	Downward Expansion	-36	22
2024-03-15	20.07	24.48	-31.90	54156617	Downward Expansion	-44	31
2024-03-08	19.27	24.93	-34.53	34509405	Downward Expansion	-60	50
2024-03-01	19.98	25.37	-31.83	80186240	Downward Expansion	-64	58
2024-02-23	19.25	25.82	-33.97	75373093	Downward Expansion	-67	64
2024-02-09	15.00	26.40	-46.15	38684306	Downward Expansion	-92	92
2024-02-02	16.83	27.10	-36.85	23858068	Downward Expansion	-91	83
2024-01-26	20.82	27.92	-26.78	24434880	Downward Expansion	-73	70
2024-01-19	20.88	28.79	-24.49	17089286	Downward Expansion	-76	82
2024-01-12	21.56	29.75	-23.27	15709700	Downward Expansion	-75	81
2024-01-05	22.38	30.61	-21.53	18984644	Downward Expansion	-72	73
2023-12-29	22.44	31.43	-22.37	42232780	Downward Expansion	-76	61
2023-12-22	22.50	32.07	-20.34	26159340	Downward Expansion	-79	56
2023-12-15	26.07	32.78	-8.32	47754923	Downward Expansion	-45	40
2023-12-08	25.97	33.32	-9.05	50234021	Downward Expansion	-46	41
2023-12-01	25.47	33.96	-12.20	21369812	Downward Expansion	-49	45
2023-11-24	24.73	34.67	-14.76	21128590	Downward Expansion	-64	56
2023-11-17	25.49	35.40	-12.23	23856000	Downward Expansion	-63	61
2023-11-10	25.75	35.84	-10.50	50004497	Downward Expansion	-65	65
2023-11-03	24.54	35.98	-14.10	39421363	Downward Expansion	-68	86
2023-10-27	23.60	36.08	-16.72	19729012	Downward Expansion	-78	91
2023-10-20	23.46	36.20	-15.95	22055088	Downward Expansion	-83	92
2023-10-13	25.20	36.26	-12.51	29907322	Downward Expansion	-81	91
2023-09-29	26.95	36.22	-6.66	30304021	Downward Expansion	-76	80
2023-09-22	28.42	36.13	-1.68	43998315	Downward Expansion	-71	60

Price vs TrendBelow-2.8%

Trend directionFalling-11.8%

Price vs current Fair ValueBelow anchor-27.3%

Fair Value directionClosing upward+15.2%

Relative Strength vs benchmarkLagging-11.9%

Relative strength directionImproving+26.2%

Price momentumNegative-18.7%

Volume balanceDemand-led1.23×

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

1 / ±100

+35.2 points since 2026-09-04

Energy

13 /100

-10.1 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.

603258 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance57

Rotation Up36

Upward Expansion34

Deceleration46

Rotation Down15

Downward Expansion42

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 4%Upward Expansion 11%Deceleration 4%Rotation Down 6%Downward Expansion 61%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Balance	2026-09-18	2026-10-02	New	+8.8%
Downward Expansion	2025-11-14	2026-09-11	Extended	-32.2%
Rotation Down	2025-10-03	2025-11-07	Developing	-7.7%
Balance	2025-08-01	2025-09-26	Developing	-7.1%
Rotation Up	2025-07-11	2025-07-25	New	-2.4%
Balance	2025-06-13	2025-07-04	New	+6.6%
Downward Expansion	2025-05-30	2025-06-06	New	+5.2%
Rotation Down	2025-05-02	2025-05-23	New	-6.9%
Balance	2025-04-11	2025-04-25	New	+6.0%
Upward Expansion	2025-02-21	2025-04-04	Developing	-14.1%
Deceleration	2025-01-10	2025-02-14	Developing	+27.6%
Upward Expansion	2024-11-01	2025-01-03	Developing	-4.9%
Rotation Up	2024-10-11	2024-10-25	New	+13.5%
Balance	2024-09-20	2024-10-04	New	+23.9%

Classic Stage Analysis comparison

Stage 1 · Basing75

Stage 2 · Advancing4

Stage 3 · Distribution9

Stage 4 · Declining96

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: 28/100
Current Relative Strength: -11.86
Relative Strength direction: Improving
Price momentum: -18.7%
Excess performance vs benchmark: -17.7%
Communication Services regime cohort: 12th percentile17 in cohort

Test 603258 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.65×

Latest completed volume relative to typical participation.

Up/down volume1.23×

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+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 603258 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity CNY 13.67rising

Slow Activity CNY 13.48falling

Trend Reference CNY 14.43-2.8% close margin

Current Fair Value CNY 19.29-27.3% close margin

Structural low CNY 10.79shock / repair context

What changes the read?

Persistent fast/slow separation and fan expansion would end Balance; direction determines whether it becomes Rotation Up or Rotation Down.

Range context +7.6%

Annualized volatility +43.4%

From structural high -34.3%

From structural low +30.0%

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	14	-0.5%-24.3% to +19.4%	+50.0%	+50.0%	+0.1%	+35.7%	Usable descriptive sample
Intermediate	7	+6.4%-21.7% to +42.9%	+57.1%	+57.1%	+11.6%	+14.3%	Usable descriptive sample
Extended	4	+16.4%-17.0% to +46.5%	+75.0%	+75.0%	+9.4%	+0.0%	Too little matched history
Full cycle	4	+7.5%-35.1% to +34.1%	+50.0%	+50.0%	-0.3%	+75.0%	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.

603258 Stage Analysis

What the Activity Line geometry says now

Directional pressure has compressed into balance.

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

Directional pressure has compressed into balance.

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