Weekly structural research · SHZ · Communication Services

000665 Stage Analysis

Hubei Radio & Television Information Network Co., Ltd.

Week ending 2 Oct 2026Close CNY 4.11Tenure NewBenchmark 399001.SZ

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 -11−100 bearish to +100 bullish

Energy 11/100directional strength

Maturity 25/100lifecycle context

Confidence 58/100evidence agreement

Trend gate Downstructural direction

Activity structure Compressedcontracting separation

Price acceptance +16.7%position within the Activity structure

Fair Value context -12.2%CNY 4.68 · 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	4.11	4.28	-9.57	94690937	Balance	-11	11
2026-09-25	4.08	4.32	-13.74	85522938	Balance	-15	16
2026-09-18	4.07	4.37	-16.64	72940488	Balance	-18	16
2026-09-11	4.12	4.42	-15.36	80418736	Downward Expansion	-22	14
2026-09-04	4.16	4.47	-15.63	19675900	Downward Expansion	-34	21
2026-08-28	3.94	4.51	-23.36	11863340	Downward Expansion	-40	27
2026-08-21	3.84	4.57	-26.88	10828280	Downward Expansion	-45	30
2026-08-14	4.10	4.63	-24.27	50598371	Downward Expansion	-45	37
2026-08-07	3.95	4.70	-27.76	11974772	Downward Expansion	-52	50
2026-07-31	3.90	4.76	-25.75	17808837	Downward Expansion	-64	59
2026-07-24	3.60	4.81	-33.18	11863519	Downward Expansion	-76	68
2026-07-17	3.74	4.87	-30.98	16143100	Downward Expansion	-70	78
2026-07-10	3.84	4.93	-36.13	35361983	Downward Expansion	-68	85
2026-07-03	3.75	4.99	-40.48	12351705	Downward Expansion	-77	91
2026-06-26	3.67	5.07	-43.12	14381067	Downward Expansion	-87	94
2026-06-19	3.93	5.14	-40.75	53392342	Downward Expansion	-82	90
2026-06-12	4.07	5.23	-35.07	13308453	Downward Expansion	-80	84
2026-06-05	4.23	5.31	-34.93	14994895	Downward Expansion	-78	70
2026-05-29	4.40	5.37	-34.10	117531376	Downward Expansion	-73	50
2026-05-22	4.59	5.43	-31.94	132209355	Downward Expansion	-67	45
2026-05-15	4.71	5.46	-30.62	102685928	Downward Expansion	-64	45
2026-05-08	4.99	5.51	-27.11	94734254	Downward Expansion	-60	46
2026-05-01	4.79	5.55	-28.48	79783867	Downward Expansion	-64	63
2026-04-24	4.64	5.59	-30.37	61682540	Downward Expansion	-74	82
2026-04-17	4.75	5.63	-28.95	67136682	Downward Expansion	-70	78
2026-04-10	4.76	5.68	-26.40	45798057	Downward Expansion	-72	79
2026-04-03	4.67	5.72	-23.10	60613039	Downward Expansion	-80	79
2026-03-27	4.99	5.78	-20.75	99998128	Downward Expansion	-71	71
2026-03-20	5.06	5.81	-20.77	90636832	Downward Expansion	-72	70
2026-03-13	5.10	5.84	-23.30	82479451	Downward Expansion	-75	66
2026-03-06	5.31	5.87	-19.96	91526709	Downward Expansion	-65	55
2026-02-27	5.50	5.89	-19.01	72229975	Downward Expansion	-58	51
2026-02-13	5.52	5.89	-16.54	162796005	Balance	-53	42
2026-02-06	5.60	5.88	-14.22	85059087	Balance	-50	37
2026-01-30	5.42	5.87	-18.69	124859999	Balance	-49	23
2026-01-23	5.73	5.86	-15.44	146872326	Balance	-6	8
2026-01-16	5.72	5.84	-14.58	372205592	Balance	-9	7
2026-01-09	5.98	5.81	-9.62	335496924	Balance	-16	13
2026-01-02	5.82	5.79	-7.99	238857683	Rotation Down	-27	39
2025-12-26	5.49	5.78	-13.63	83071880	Rotation Down	-25	46
2025-12-19	5.47	5.77	-10.92	105943597	Balance	-23	35
2025-12-12	5.44	5.74	-12.33	118454876	Balance	-23	24
2025-12-05	5.71	5.73	-7.39	141347529	Balance	9	7
2025-11-28	5.95	5.71	-2.34	148008962	Upward Expansion	46	25
2025-11-21	5.86	5.67	-0.18	426268256	Upward Expansion	45	28
2025-11-14	6.55	5.63	6.15	184938884	Upward Expansion	64	49
2025-11-07	6.52	5.56	4.58	349387946	Deceleration	64	33
2025-10-31	6.04	5.50	-2.70	189545559	Deceleration	37	19
2025-10-24	6.12	5.46	-0.58	640379863	Deceleration	40	21
2025-10-17	5.66	5.44	-3.38	136205271	Deceleration	35	19
2025-10-10	6.16	5.43	0.24	90948590	Upward Expansion	45	27
2025-10-03	6.16	5.46	-0.65	79399794	Upward Expansion	47	28
2025-09-26	5.94	5.43	-1.66	292554323	Upward Expansion	43	29
2025-09-19	5.88	5.37	-1.46	176309550	Upward Expansion	58	43
2025-09-12	6.15	5.32	4.26	200082170	Upward Expansion	63	55
2025-09-05	6.09	5.26	6.20	385349883	Upward Expansion	62	57
2025-08-29	6.35	5.20	10.12	552107321	Upward Expansion	75	70
2025-08-22	6.05	5.12	9.87	282920296	Upward Expansion	69	71
2025-08-15	5.93	5.05	13.04	368780259	Upward Expansion	68	70
2025-08-08	6.03	4.98	20.63	717929365	Upward Expansion	74	69
2025-08-01	5.74	4.90	16.90	436438836	Upward Expansion	68	61
2025-07-25	5.70	4.84	14.80	211455969	Deceleration	67	47
2025-07-18	5.23	4.80	8.33	162837068	Deceleration	49	25
2025-07-11	5.28	4.78	12.03	198763481	Deceleration	42	20
2025-07-04	5.08	4.77	10.18	140938262	Deceleration	43	20
2025-06-27	5.12	4.76	12.82	190358430	Deceleration	48	39
2025-06-20	4.90	4.74	12.45	243541051	Deceleration	49	41
2025-06-13	5.18	4.71	18.03	596653944	Deceleration	51	44
2025-06-06	5.74	4.68	30.49	413178493	Deceleration	65	42
2025-05-30	4.97	4.65	15.58	167049752	Deceleration	34	17
2025-05-23	4.80	4.63	11.11	218213689	Deceleration	30	15
2025-05-16	5.04	4.60	16.46	356063794	Deceleration	32	15
2025-05-09	4.99	4.56	16.42	410949637	Deceleration	26	16
2025-05-02	4.93	4.52	18.22	126647542	Deceleration	21	19
2025-04-25	4.54	4.50	9.20	146881126	Deceleration	17	20
2025-04-18	4.61	4.47	12.79	196584036	Deceleration	27	20
2025-04-11	4.60	4.44	12.39	319843029	Upward Expansion	37	23
2025-04-04	4.98	4.40	15.63	271833934	Upward Expansion	60	67
2025-03-28	5.26	4.35	19.55	476120056	Upward Expansion	63	76
2025-03-21	5.53	4.29	25.10	876031958	Upward Expansion	64	76
2025-03-14	6.89	4.22	52.05	923097636	Upward Expansion	91	85
2025-03-07	5.27	4.10	18.77	148393333	Balance	76	58
2025-02-28	4.20	4.04	-3.11	154728201	Balance	33	23
2025-02-21	4.48	4.02	-0.41	273476904	Balance	40	23
2025-02-14	4.41	3.98	0.03	162822559	Balance	31	13
2025-02-07	4.15	3.95	-4.24	81669010	Balance	4	15
2025-01-31	3.90	3.93	-6.60	25410032	Balance	-17	25
2025-01-24	3.89	3.92	-8.62	137576246	Balance	-15	24
2025-01-17	3.91	3.91	-7.45	140612384	Balance	5	19
2025-01-10	3.68	3.90	-10.16	172176497	Upward Expansion	11	14
2025-01-03	4.02	3.90	-3.48	325752361	Upward Expansion	36	23
2024-12-27	4.34	3.89	-3.68	342764821	Upward Expansion	57	42
2024-12-20	4.84	3.86	6.90	536528449	Upward Expansion	64	54
2024-12-13	4.91	3.83	7.10	424033479	Upward Expansion	71	50
2024-12-06	4.84	3.80	4.29	183339396	Upward Expansion	73	49
2024-11-29	4.31	3.76	-6.05	128310917	Upward Expansion	58	49
2024-11-22	4.17	3.74	-8.24	153986618	Upward Expansion	60	59
2024-11-15	4.33	3.73	-8.24	196215201	Upward Expansion	61	68
2024-11-08	4.79	3.70	-2.71	316102805	Upward Expansion	85	76
2024-11-01	4.28	3.67	-7.51	446471200	Rotation Up	72	46
2024-10-25	4.04	3.67	-14.31	148330417	Rotation Up	41	53
2024-10-18	3.79	3.67	-17.96	95922029	Rotation Up	20	42
2024-10-11	3.71	3.70	-17.84	180728432	Rotation Up	18	36
2024-10-04	4.20	3.72	-11.69	72964634	Balance	43	56
2024-09-27	3.91	3.72	-9.46	205833448	Balance	7	12
2024-09-20	3.59	3.72	-2.47	55135748	Downward Expansion	-35	19
2024-09-13	3.39	3.74	-7.07	27649367	Downward Expansion	-54	36
2024-09-06	3.40	3.74	-8.80	37040667	Downward Expansion	-51	29
2024-08-30	3.49	3.75	-9.24	55344804	Downward Expansion	-48	27
2024-08-23	3.34	3.79	-11.77	35348219	Downward Expansion	-59	34
2024-08-16	3.52	3.82	-9.32	37530286	Downward Expansion	-51	31
2024-08-09	3.48	3.85	-11.14	34823168	Downward Expansion	-54	35
2024-08-02	3.50	3.89	-12.67	39368065	Downward Expansion	-57	38
2024-07-26	3.39	3.94	-16.21	30747883	Downward Expansion	-65	47
2024-07-19	3.47	3.99	-17.55	29382324	Downward Expansion	-60	44
2024-07-12	3.51	4.06	-16.55	62347403	Downward Expansion	-60	41
2024-07-05	3.53	4.13	-14.93	88159040	Downward Expansion	-59	36
2024-06-28	3.56	4.19	-16.03	139001585	Downward Expansion	-59	38
2024-06-21	3.53	4.26	-19.15	127891504	Downward Expansion	-62	39
2024-06-14	3.94	4.34	-12.08	100548848	Downward Expansion	-51	32
2024-06-07	3.46	4.38	-23.10	50383012	Downward Expansion	-69	46
2024-05-31	3.70	4.43	-19.13	38980107	Downward Expansion	-58	37
2024-05-24	3.86	4.46	-16.57	79764704	Downward Expansion	-52	35
2024-05-17	3.86	4.49	-19.43	62662388	Downward Expansion	-56	48
2024-05-10	3.77	4.53	-21.92	37439736	Downward Expansion	-59	64
2024-05-03	3.78	4.58	-20.92	24249582	Downward Expansion	-59	60
2024-04-26	3.66	4.63	-22.74	35154572	Downward Expansion	-65	55
2024-04-19	3.56	4.68	-23.82	67855893	Downward Expansion	-71	46
2024-04-12	3.98	4.73	-14.90	63886789	Downward Expansion	-48	27
2024-04-05	4.24	4.78	-12.82	136434764	Downward Expansion	-36	20
2024-03-29	4.09	4.81	-15.09	85260928	Downward Expansion	-41	22
2024-03-22	4.52	4.86	-8.30	177606814	Downward Expansion	-38	21
2024-03-15	4.25	4.90	-14.52	92447420	Downward Expansion	-44	32
2024-03-08	4.22	4.94	-13.31	202798796	Downward Expansion	-60	49
2024-03-01	4.12	5.00	-16.26	118095955	Downward Expansion	-65	72
2024-02-23	4.10	5.04	-13.69	119621907	Downward Expansion	-66	77
2024-02-09	3.45	5.09	-25.66	106177300	Downward Expansion	-88	89
2024-02-02	3.74	5.16	-12.36	78727483	Downward Expansion	-87	85
2024-01-26	4.47	5.23	-3.93	74640256	Downward Expansion	-67	75
2024-01-19	4.32	5.26	-7.68	51303305	Downward Expansion	-77	80
2024-01-12	4.57	5.32	-4.93	46017643	Downward Expansion	-70	66
2024-01-05	4.69	5.36	-4.01	51019645	Balance	-66	48
2023-12-29	4.80	5.39	-6.23	77340995	Balance	-52	30
2023-12-22	4.99	5.42	0.54	88174868	Rotation Up	-38	16
2023-12-15	5.57	5.44	10.28	101367993	Rotation Up	18	26
2023-12-08	5.44	5.45	5.77	118205871	Rotation Up	16	29
2023-12-01	5.50	5.47	4.99	180951666	Rotation Up	14	27
2023-11-24	5.55	5.48	4.41	434537286	Rotation Up	-11	22
2023-11-17	5.87	5.49	8.58	233386246	Rotation Up	-8	9
2023-11-10	5.12	5.51	-5.13	99025241	Downward Expansion	-61	54
2023-11-03	4.99	5.56	-6.39	57056543	Downward Expansion	-63	74
2023-10-27	4.69	5.61	-11.33	44853142	Downward Expansion	-80	80
2023-10-20	4.67	5.69	-10.00	52486897	Downward Expansion	-86	71
2023-10-13	5.16	5.75	-5.56	35764887	Downward Expansion	-64	56
2023-09-29	5.22	5.80	-4.91	31274163	Downward Expansion	-62	64
2023-09-22	5.23	5.85	-5.43	46977178	Downward Expansion	-63	70

Price vs TrendBelow-4.1%

Trend directionFalling-11.0%

Price vs current Fair ValueBelow anchor-12.2%

Fair Value directionClosing upward+9.8%

Relative Strength vs benchmarkLagging-9.6%

Relative strength directionImproving+30.9%

Price momentumNegative-12.0%

Volume balanceDemand-led1.70×

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

-11 / ±100

+22.6 points since 2026-09-04

Energy

11 /100

-10.3 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.

000665 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance60

Rotation Up29

Upward Expansion30

Deceleration48

Rotation Down19

Downward Expansion41

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 15%Rotation Up 6%Upward Expansion 19%Deceleration 12%Rotation Down 1%Downward Expansion 46%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Balance	2026-09-18	2026-10-02	New	+1.0%
Downward Expansion	2026-02-27	2026-09-11	Extended	-25.1%
Balance	2026-01-09	2026-02-13	Developing	-7.7%
Rotation Down	2025-12-26	2026-01-02	New	+6.0%
Balance	2025-12-05	2025-12-19	New	-4.2%
Upward Expansion	2025-11-14	2025-11-28	New	-9.2%
Deceleration	2025-10-17	2025-11-07	New	+15.2%
Upward Expansion	2025-08-01	2025-10-10	Developing	+7.3%
Deceleration	2025-04-18	2025-07-25	Established	+23.6%
Upward Expansion	2025-03-14	2025-04-11	Developing	-33.2%
Balance	2025-01-17	2025-03-07	Developing	+34.8%
Upward Expansion	2024-11-08	2025-01-10	Developing	-23.2%
Rotation Up	2024-10-11	2024-11-01	New	+15.4%
Balance	2024-09-27	2024-10-04	New	+7.4%

Classic Stage Analysis comparison

Stage 1 · Basing71

Stage 2 · Advancing3

Stage 3 · Distribution9

Stage 4 · Declining97

Legacy result: Stage 4 · Stage 4C · Repair watch. 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

Lagging benchmark

Architecture confirmation: 22/100
Current Relative Strength: -9.57
Relative Strength direction: Improving
Price momentum: -12.0%
Excess performance vs benchmark: -8.5%
Communication Services regime cohort: 29th percentile31 in cohort

Test 000665 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume2.16×

Latest completed volume relative to typical participation.

Up/down volume1.70×

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 000665 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity CNY 4.10rising

Slow Activity CNY 4.09falling

Trend Reference CNY 4.28-4.1% close margin

Current Fair Value CNY 4.68-12.2% close margin

Structural low CNY 3.60shock / 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 +6.8%

Annualized volatility +27.2%

From structural high -43.0%

From structural low +14.2%

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	14	-1.9%-9.4% to +56.2%	+50.0%	+50.0%	-1.9%	+42.9%	Usable descriptive sample
Intermediate	8	-8.4%-26.3% to +17.9%	+37.5%	+37.5%	-6.7%	+12.5%	Usable descriptive sample
Extended	6	-15.9%-28.7% to +154.9%	+33.3%	+33.3%	-7.6%	+16.7%	Usable descriptive sample
Full cycle	4	+15.0%-23.6% to +96.6%	+50.0%	+50.0%	-4.3%	+50.0%	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.

000665 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