Weekly structural research · SHZ · Industrials

002040 Stage Analysis

Nanjing Port Co., Ltd.

Week ending 9 Oct 2026Close CNY 8.94Tenure NewBenchmark 399001.SZ

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Balance · Upper balance after advance

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: moderate and contracting.

Direction -4−100 bearish to +100 bullish

Energy 12/100directional strength

Maturity 12/100lifecycle context

Confidence 60/100evidence agreement

Trend gate Downstructural direction

Activity structure Moderatecontracting separation

Price acceptance +50.0%position within the Activity structure

Fair Value context +12.5%CNY 7.95 · 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.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-10-09	8.94	9.03	1.96	35015223	Balance	-4	12
2026-10-02	8.72	9.09	-2.56	31556728	Rotation Up	-1	17
2026-09-25	9.08	9.17	-2.09	82444132	Rotation Up	4	25
2026-09-18	9.28	9.23	-2.59	240355581	Rotation Up	9	28
2026-09-11	9.23	9.26	-2.06	196704523	Downward Expansion	11	28
2026-09-04	8.98	9.29	-5.21	20896168	Downward Expansion	1	22
2026-08-28	8.77	9.36	-10.55	15734792	Downward Expansion	-29	29
2026-08-21	8.90	9.42	-10.63	31421688	Downward Expansion	-33	26
2026-08-14	8.11	9.46	-20.55	7116250	Downward Expansion	-47	44
2026-08-07	8.08	9.52	-21.24	4339700	Downward Expansion	-50	50
2026-07-31	8.09	9.58	-17.56	4731556	Downward Expansion	-62	58
2026-07-24	7.88	9.65	-21.48	8063840	Downward Expansion	-65	65
2026-07-17	7.82	9.72	-22.40	7844869	Downward Expansion	-68	85
2026-07-10	7.63	9.79	-31.69	6643141	Downward Expansion	-75	90
2026-07-03	7.72	9.88	-34.15	6135450	Downward Expansion	-78	91
2026-06-26	7.45	9.96	-37.97	9026860	Downward Expansion	-91	96
2026-06-19	8.35	10.05	-32.56	53192827	Downward Expansion	-77	87
2026-06-12	8.38	10.13	-28.64	6570363	Downward Expansion	-81	84
2026-06-05	8.94	10.23	-26.39	8518462	Downward Expansion	-74	70
2026-05-29	8.99	10.32	-27.94	45875491	Balance	-68	35
2026-05-22	9.93	10.41	-21.77	58728022	Balance	-38	16
2026-05-15	10.40	10.50	-18.57	104997614	Balance	-29	12
2026-05-08	10.71	10.50	-16.18	54743311	Balance	-35	18
2026-05-01	9.95	10.48	-19.74	28415880	Balance	-53	41
2026-04-24	9.85	10.49	-19.74	36569995	Balance	-57	44
2026-04-17	9.91	10.50	-19.13	39229923	Balance	-56	35
2026-04-10	10.21	10.49	-13.40	35644850	Balance	-37	23
2026-04-03	10.10	10.47	-8.05	48311591	Balance	-38	21
2026-03-27	10.21	10.45	-9.50	65859281	Balance	-5	4
2026-03-20	10.28	10.45	-9.34	101231861	Balance	10	16
2026-03-13	10.73	10.44	-7.82	148142510	Balance	37	29
2026-03-06	11.18	10.41	-2.85	329131639	Balance	51	34
2026-02-27	10.88	10.35	-7.15	66240340	Balance	48	28
2026-02-13	10.16	10.32	-10.52	47433840	Balance	-3	9
2026-02-06	10.26	10.31	-8.14	84356214	Balance	11	15
2026-01-30	10.93	10.31	-3.94	171356027	Balance	27	19
2026-01-23	10.45	10.29	-9.37	53509534	Balance	2	6
2026-01-16	10.25	10.29	-9.91	95233042	Balance	-15	15
2026-01-09	10.03	10.30	-10.67	43592736	Balance	-16	20
2026-01-02	9.85	10.36	-8.26	22876614	Balance	-21	25
2025-12-26	10.05	10.36	-6.70	73201624	Balance	-17	24
2025-12-19	10.00	10.36	-3.61	33249960	Balance	-16	19
2025-12-12	10.03	10.45	-3.86	45814840	Balance	-7	17
2025-12-05	10.24	10.45	-0.75	37716346	Balance	-0	13
2025-11-28	10.21	10.34	0.50	45599834	Upward Expansion	21	16
2025-11-21	9.90	10.22	1.20	76991270	Upward Expansion	24	13
2025-11-14	10.99	10.13	6.98	91375162	Upward Expansion	55	36
2025-11-07	11.15	10.00	7.62	237287677	Upward Expansion	61	62
2025-10-31	11.74	9.86	14.21	275598944	Upward Expansion	66	70
2025-10-24	11.62	9.69	14.59	292605354	Upward Expansion	69	69
2025-10-17	12.69	9.53	32.00	407541631	Deceleration	86	72
2025-10-10	10.33	9.33	3.14	49410203	Deceleration	53	34
2025-10-03	10.10	9.20	0.01	55106313	Deceleration	37	24
2025-09-26	10.34	9.08	5.20	288503236	Deceleration	43	23
2025-09-19	10.29	8.95	6.25	179449363	Deceleration	39	18
2025-09-12	9.56	8.82	0.14	65458545	Deceleration	18	11
2025-09-05	9.47	8.72	2.03	82803140	Deceleration	20	13
2025-08-29	9.64	8.62	3.23	79917597	Deceleration	25	17
2025-08-22	10.11	8.52	13.34	119642083	Deceleration	28	16
2025-08-15	10.09	8.40	18.87	187832874	Deceleration	34	17
2025-08-08	9.63	8.28	19.29	38800990	Deceleration	31	17
2025-08-01	9.49	8.17	19.67	64776103	Deceleration	33	18
2025-07-25	9.87	8.06	23.18	81160599	Deceleration	37	24
2025-07-18	10.05	7.95	29.29	90629070	Deceleration	41	29
2025-07-11	10.18	7.83	34.82	98227611	Deceleration	43	32
2025-07-04	10.35	7.72	40.83	167079922	Upward Expansion	55	43
2025-06-27	10.42	7.62	45.01	281907242	Upward Expansion	58	47
2025-06-20	10.54	7.51	53.87	289228734	Upward Expansion	62	54
2025-06-13	11.77	7.38	72.09	395211880	Upward Expansion	78	86
2025-06-06	10.06	7.20	48.75	167856685	Upward Expansion	64	84
2025-05-30	10.05	7.09	52.43	335616946	Upward Expansion	63	84
2025-05-23	12.60	6.96	91.38	477278466	Upward Expansion	94	95
2025-05-16	10.13	6.75	56.04	227811435	Upward Expansion	90	79
2025-05-09	6.90	6.62	8.01	59474481	Upward Expansion	50	29
2025-05-02	6.61	6.59	5.87	67371665	Upward Expansion	47	34
2025-04-25	6.98	6.59	11.85	215121502	Upward Expansion	55	53
2025-04-18	7.33	6.55	19.30	200780015	Upward Expansion	75	61
2025-04-11	6.89	6.49	11.99	140608488	Deceleration	63	51
2025-04-04	6.69	6.43	3.14	22968111	Deceleration	51	35
2025-03-28	6.56	6.39	-1.18	22336396	Deceleration	41	23
2025-03-21	6.75	6.35	0.82	44249474	Deceleration	44	22
2025-03-14	6.63	6.30	-3.56	21667338	Deceleration	24	11
2025-03-07	6.37	6.26	-6.22	17365462	Deceleration	8	8
2025-02-28	6.39	6.23	-3.96	19422617	Deceleration	23	12
2025-02-21	6.46	6.21	-6.35	17712117	Deceleration	30	17
2025-02-14	6.56	6.17	-2.93	23495550	Deceleration	32	18
2025-02-07	6.59	6.13	-0.88	12059683	Deceleration	32	18
2025-01-31	6.53	6.09	1.99	4304860	Deceleration	17	10
2025-01-24	6.48	6.05	-0.56	14896800	Deceleration	24	19
2025-01-17	6.51	6.01	0.81	19011950	Deceleration	25	20
2025-01-10	6.28	5.97	0.45	29006270	Deceleration	28	22
2025-01-03	6.13	5.94	-3.33	19742831	Upward Expansion	30	18
2024-12-27	6.62	5.92	-3.46	22012236	Upward Expansion	56	39
2024-12-20	6.67	5.90	-3.02	36219670	Upward Expansion	61	48
2024-12-13	6.88	5.87	-1.10	57003424	Upward Expansion	64	54
2024-12-06	7.12	5.85	1.46	100561826	Upward Expansion	75	61
2024-11-29	7.13	5.82	3.11	191760808	Upward Expansion	82	62
2024-11-22	6.65	5.78	-2.40	108761750	Upward Expansion	72	57
2024-11-15	6.50	5.76	-7.45	39832559	Upward Expansion	70	68
2024-11-08	6.65	5.74	-9.00	41020724	Upward Expansion	82	77
2024-11-01	6.27	5.73	-8.55	31503267	Rotation Up	68	69
2024-10-25	6.32	5.72	-9.44	22346796	Rotation Up	46	72
2024-10-18	6.17	5.71	-9.50	26915564	Rotation Up	40	66
2024-10-11	6.05	5.71	-8.77	49516742	Rotation Up	27	51
2024-10-04	6.49	5.71	-6.73	17925766	Rotation Up	48	60
2024-09-27	5.89	5.68	-6.36	23601957	Downward Expansion	7	11
2024-09-20	5.41	5.68	1.13	6989142	Downward Expansion	-52	34
2024-09-13	5.30	5.70	0.32	10415433	Downward Expansion	-60	49
2024-09-06	5.39	5.70	0.26	14838601	Downward Expansion	-53	39
2024-08-30	5.35	5.71	-3.00	14698412	Downward Expansion	-54	34
2024-08-23	5.24	5.76	-3.08	10663710	Downward Expansion	-54	30
2024-08-16	5.44	5.81	-1.38	8252031	Downward Expansion	-38	22
2024-08-09	5.55	5.87	0.21	11330441	Downward Expansion	-42	28
2024-08-02	5.60	5.92	-0.67	19467370	Downward Expansion	-47	36
2024-07-26	5.42	5.96	-4.23	14884497	Downward Expansion	-61	49
2024-07-19	5.25	6.02	-10.32	9810102	Downward Expansion	-70	59
2024-07-12	5.33	6.09	-8.49	12783332	Downward Expansion	-66	67
2024-07-05	5.40	6.14	-5.57	12270487	Downward Expansion	-66	79
2024-06-28	5.31	6.20	-8.63	13843835	Downward Expansion	-74	84
2024-06-21	5.28	6.25	-11.28	13268080	Downward Expansion	-79	84
2024-06-14	5.36	6.30	-11.90	16537690	Downward Expansion	-80	78
2024-06-07	5.57	6.34	-8.48	33582991	Downward Expansion	-71	55
2024-05-31	5.89	6.38	-4.35	15198839	Downward Expansion	-48	24
2024-05-24	5.94	6.40	-4.15	24641422	Downward Expansion	-34	17
2024-05-17	6.25	6.41	-2.12	31925566	Downward Expansion	-23	13
2024-05-10	6.22	6.42	-2.77	27003013	Downward Expansion	-38	23
2024-05-03	6.01	6.44	-4.61	14277436	Downward Expansion	-49	27
2024-04-26	5.95	6.46	-4.19	21477460	Downward Expansion	-40	20
2024-04-19	5.92	6.49	-2.59	42363697	Downward Expansion	-39	20
2024-04-12	6.19	6.51	2.72	25825051	Downward Expansion	-34	18
2024-04-05	6.23	6.52	0.26	17491860	Downward Expansion	-36	21
2024-03-29	6.03	6.53	-1.36	19107953	Downward Expansion	-42	29
2024-03-22	5.99	6.56	-3.69	26225871	Downward Expansion	-53	35
2024-03-15	6.00	6.58	-3.99	36882977	Downward Expansion	-56	39
2024-03-08	5.81	6.61	-4.50	20272548	Downward Expansion	-60	66
2024-03-01	5.91	6.64	-3.50	36799440	Downward Expansion	-62	70
2024-02-23	5.83	6.67	-0.83	38340590	Downward Expansion	-61	68
2024-02-09	5.35	6.70	-6.39	62621114	Upward Expansion	-76	66
2024-02-02	5.76	6.74	10.55	32228320	Upward Expansion	-33	27
2024-01-26	6.89	6.76	21.99	34219423	Upward Expansion	30	14
2024-01-19	6.61	6.74	17.41	26770360	Upward Expansion	23	12
2024-01-12	7.13	6.74	24.18	28718634	Upward Expansion	54	29
2024-01-05	7.11	6.73	22.78	31944748	Upward Expansion	56	35
2023-12-29	6.93	6.71	15.20	35200483	Upward Expansion	55	37
2023-12-22	7.03	6.71	21.08	112665748	Upward Expansion	59	59
2023-12-15	7.40	6.70	25.77	143411295	Upward Expansion	81	76
2023-12-08	6.98	6.69	17.23	60355348	Balance	64	66
2023-12-01	7.09	6.69	17.44	29313884	Balance	47	52
2023-11-24	6.91	6.69	13.66	17400390	Balance	33	24
2023-11-17	6.75	6.68	9.77	22068530	Balance	-17	10
2023-11-10	6.65	6.68	8.52	12940998	Downward Expansion	-41	29
2023-11-03	6.58	6.67	8.97	15859026	Downward Expansion	-45	41
2023-10-27	6.56	6.67	9.80	13420718	Downward Expansion	-44	38
2023-10-20	6.31	6.68	8.08	15349632	Balance	-62	38
2023-10-13	6.55	6.72	6.95	18414883	Balance	-37	15
2023-09-29	6.71	6.74	9.18	10560620	Balance	-15	7

Price vs TrendBelow-1.0%

Trend directionFalling-5.8%

Price vs current Fair ValuePremium+12.5%

Fair Value directionClosing upward+14.5%

Relative Strength vs benchmarkLeading+2.0%

Relative strength directionImproving+33.6%

Price momentumNegative-12.4%

Volume balanceDemand-led4.12×

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

-4 / ±100

-14.5 points since 2026-09-11

Energy

12 /100

-16.4 points since 2026-09-11

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

002040 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance49

Rotation Up32

Upward Expansion36

Deceleration40

Rotation Down21

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

2023-09-29 to 2026-10-09 · 156 classified observations out of 156 shown.

Balance 21%Rotation Up 5%Upward Expansion 23%Deceleration 19%Downward Expansion 32%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Balance	2026-10-09	2026-10-09	New	+0.0%
Rotation Up	2026-09-18	2026-10-02	New	-6.0%
Downward Expansion	2026-06-05	2026-09-11	Established	+3.2%
Balance	2025-12-05	2026-05-29	Established	-12.2%
Upward Expansion	2025-10-24	2025-11-28	Developing	-12.1%
Deceleration	2025-07-11	2025-10-17	Established	+24.6%
Upward Expansion	2025-04-18	2025-07-04	Developing	+41.2%
Deceleration	2025-01-10	2025-04-11	Established	+9.8%
Upward Expansion	2024-11-08	2025-01-03	Developing	-7.7%
Rotation Up	2024-10-04	2024-11-01	Developing	-3.4%
Downward Expansion	2024-02-23	2024-09-27	Extended	+1.1%
Upward Expansion	2023-12-15	2024-02-09	Developing	-27.7%
Balance	2023-11-17	2023-12-08	New	+3.5%
Downward Expansion	2023-10-27	2023-11-10	New	+1.3%

Classic Stage Analysis comparison

Stage 1 · Basing64

Stage 2 · Advancing29

Stage 3 · Distribution29

Stage 4 · Declining71

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

Leading benchmark

Architecture confirmation: 54/100
Current Relative Strength: 1.96
Relative Strength direction: Improving
Price momentum: -12.4%
Excess performance vs benchmark: -0.8%
Industrials regime cohort: 36th percentile220 in cohort

Test 002040 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.85×

Latest completed volume relative to typical participation.

Up/down volume4.12×

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 1

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 002040 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity CNY 8.97rising

Slow Activity CNY 8.73falling

Trend Reference CNY 9.03-1.0% close margin

Current Fair Value CNY 7.95+12.5% close margin

Structural low CNY 7.36shock / 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 +7.1%

Annualized volatility +32.1%

From structural high -34.4%

From structural low +21.4%

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	21	-1.5%-17.1% to +20.3%	+42.9%	+42.9%	+1.3%	+61.9%	Usable descriptive sample
Intermediate	9	+1.4%-21.9% to +11.7%	+55.6%	+55.6%	+0.4%	+44.4%	Usable descriptive sample
Extended	6	+4.1%-21.4% to +9.0%	+66.7%	+66.7%	+6.6%	+50.0%	Usable descriptive sample
Full cycle	3	+5.1%+3.2% to +18.3%	+100.0%	+100.0%	+16.8%	+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.

002040 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

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

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 ?

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