Weekly structural research · SHZ · Basic Materials

301233 Stage Analysis

Chengdu Shengbang Seals Co.,Ltd.

Week ending 2 Oct 2026Close CNY 36.58Tenure DevelopingBenchmark 399001.SZ

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: improving.
Activity structure: compressed and contracting.

Direction -16−100 bearish to +100 bullish

Energy 12/100directional strength

Maturity 65/100lifecycle context

Confidence 45/100evidence agreement

Trend gate Downstructural direction

Activity structure Compressedcontracting separation

Price acceptance +0.0%position within the Activity structure

Fair Value context +11.6%CNY 32.78 · weakening

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	36.58	36.31	8.09	5944786	Downward Expansion	-16	12
2026-09-25	35.82	36.35	2.36	10697139	Downward Expansion	-32	22
2026-09-18	31.48	36.47	-12.38	3248500	Downward Expansion	-61	49
2026-09-11	31.63	36.71	-11.31	4386420	Downward Expansion	-49	34
2026-09-04	33.17	36.95	-7.82	5859093	Downward Expansion	-41	27
2026-08-28	33.30	37.15	-11.02	851340	Downward Expansion	-42	26
2026-08-21	33.07	37.39	-13.19	686440	Downward Expansion	-55	36
2026-08-14	33.50	37.58	-14.39	675735	Downward Expansion	-61	56
2026-08-07	33.51	37.73	-14.97	991396	Downward Expansion	-65	74
2026-07-31	30.40	37.86	-19.33	683801	Downward Expansion	-66	79
2026-07-24	28.20	38.03	-26.82	605210	Rotation Down	-82	83
2026-07-17	29.74	38.27	-23.20	969300	Rotation Down	-54	62
2026-07-10	33.38	38.43	-22.19	1293980	Upward Expansion	-35	33
2026-07-03	37.81	38.49	-15.85	1189140	Upward Expansion	13	18
2026-06-26	40.87	38.41	-10.84	2281460	Upward Expansion	27	22
2026-06-19	38.29	38.21	-18.48	6231301	Upward Expansion	24	14
2026-06-12	37.04	38.21	-16.33	7966601	Upward Expansion	26	17
2026-06-05	38.68	38.28	-15.13	12215620	Upward Expansion	54	42
2026-05-29	46.48	38.29	-0.39	19968840	Upward Expansion	83	80
2026-05-22	42.63	38.11	-9.07	10383401	Upward Expansion	70	73
2026-05-15	42.87	37.93	-8.84	13379005	Upward Expansion	75	73
2026-05-08	41.65	37.83	-11.87	6456583	Balance	69	59
2026-05-01	40.26	37.74	-12.62	6432384	Balance	22	23
2026-04-24	38.84	37.69	-15.09	5889186	Balance	9	7
2026-04-17	38.48	37.71	-15.82	4398207	Downward Expansion	-27	17
2026-04-10	37.09	37.72	-15.83	4268882	Downward Expansion	-52	39
2026-04-03	35.28	37.79	-14.46	6165643	Downward Expansion	-57	44
2026-03-27	35.63	38.09	-16.39	5232820	Downward Expansion	-49	35
2026-03-20	35.22	38.31	-18.31	4546082	Balance	-52	29
2026-03-13	38.37	38.52	-13.87	5482561	Balance	-2	5
2026-03-06	37.96	38.64	-14.34	6594547	Rotation Up	1	6
2026-02-27	39.24	38.64	-13.62	3752539	Rotation Up	19	24
2026-02-13	38.72	38.60	-12.58	4326032	Rotation Up	16	27
2026-02-06	38.73	38.57	-11.51	4940600	Rotation Up	17	28
2026-01-30	39.17	38.53	-12.59	6750626	Rotation Up	17	28
2026-01-23	40.47	38.55	-11.38	8706459	Downward Expansion	30	31
2026-01-16	38.93	38.46	-14.00	10948145	Downward Expansion	-14	17
2026-01-09	38.06	38.47	-15.30	9611229	Downward Expansion	-33	17
2026-01-02	37.19	38.51	-13.78	6201661	Downward Expansion	-54	34
2025-12-26	35.50	38.42	-18.34	6117720	Downward Expansion	-59	58
2025-12-19	35.49	38.43	-15.72	5371263	Downward Expansion	-63	69
2025-12-12	34.58	38.43	-18.84	4699722	Rotation Down	-71	75
2025-12-05	35.17	38.49	-17.07	4857300	Rotation Down	-41	61
2025-11-28	35.36	38.50	-15.94	6100220	Rotation Down	-38	51
2025-11-21	35.01	38.44	-13.94	13182131	Balance	-31	32
2025-11-14	38.23	38.35	-10.89	4247381	Balance	8	6
2025-11-07	39.07	38.08	-10.14	4110229	Deceleration	23	10
2025-10-31	39.14	37.76	-9.72	5918665	Deceleration	27	11
2025-10-24	40.94	37.53	-4.78	6670342	Deceleration	27	12
2025-10-17	37.16	37.25	-9.34	5899458	Deceleration	2	9
2025-10-10	39.85	37.16	-7.60	3034954	Deceleration	28	16
2025-10-03	39.15	36.95	-10.20	1877841	Deceleration	28	20
2025-09-26	38.72	36.77	-8.96	5772982	Deceleration	31	22
2025-09-19	39.25	36.55	-6.59	9259833	Upward Expansion	39	23
2025-09-12	38.93	36.37	-6.20	7014287	Upward Expansion	54	35
2025-09-05	39.30	36.17	-2.73	12234916	Upward Expansion	58	43
2025-08-29	44.23	35.97	8.68	26427996	Upward Expansion	74	74
2025-08-22	42.17	35.57	8.43	12168170	Upward Expansion	67	65
2025-08-15	41.36	35.27	11.49	17258750	Upward Expansion	64	54
2025-08-08	42.01	35.03	18.68	17903663	Upward Expansion	72	44
2025-08-01	38.03	34.62	9.18	10407198	Upward Expansion	41	26
2025-07-25	38.07	34.38	7.77	8597972	Upward Expansion	54	35
2025-07-18	37.96	34.20	10.11	8174961	Upward Expansion	56	38
2025-07-11	37.55	34.06	11.67	14394344	Upward Expansion	59	51
2025-07-04	39.48	33.96	19.96	24711149	Upward Expansion	66	62
2025-06-27	37.96	33.86	17.40	23835552	Upward Expansion	60	55
2025-06-20	39.25	33.66	26.45	32449614	Upward Expansion	71	59
2025-06-13	39.12	33.35	25.39	19201786	Upward Expansion	75	59
2025-06-06	34.68	33.03	11.21	6562702	Upward Expansion	56	56
2025-05-30	35.56	32.90	16.17	10020294	Upward Expansion	59	62
2025-05-23	35.63	32.64	15.71	10959876	Upward Expansion	60	55
2025-05-16	36.39	32.46	18.16	16466245	Upward Expansion	65	42
2025-05-09	35.33	32.23	15.86	14445582	Upward Expansion	48	24
2025-05-02	33.57	31.95	13.09	6188000	Upward Expansion	20	16
2025-04-25	32.50	31.78	9.67	10910760	Upward Expansion	-11	21
2025-04-18	30.18	31.55	3.44	6930280	Upward Expansion	-21	26
2025-04-11	29.43	31.30	0.50	8560160	Upward Expansion	-4	10
2025-04-04	32.19	31.09	4.47	5097268	Upward Expansion	31	16
2025-03-28	32.42	30.81	2.90	11043373	Upward Expansion	49	28
2025-03-21	34.45	30.57	8.49	11579642	Upward Expansion	59	34
2025-03-14	33.61	30.25	3.23	8325311	Upward Expansion	53	31
2025-03-07	33.75	30.01	5.21	8050001	Upward Expansion	54	30
2025-02-28	32.01	29.77	2.44	12886735	Upward Expansion	48	28
2025-02-21	34.09	29.60	5.73	12841800	Upward Expansion	59	35
2025-02-14	32.87	29.38	4.69	7413575	Upward Expansion	50	31
2025-02-07	33.20	29.09	8.11	4624805	Deceleration	55	36
2025-01-31	32.37	28.83	10.18	1125320	Deceleration	39	24
2025-01-24	33.04	28.59	11.14	9689421	Deceleration	41	22
2025-01-17	34.22	28.37	16.75	11242072	Deceleration	50	25
2025-01-10	29.82	28.10	5.63	6964578	Upward Expansion	38	22
2025-01-03	30.62	27.97	7.19	8161139	Upward Expansion	55	38
2024-12-27	32.71	27.79	6.25	8610140	Upward Expansion	62	62
2024-12-20	33.89	27.65	10.11	11015517	Upward Expansion	63	71
2024-12-13	34.60	27.40	11.74	18498756	Upward Expansion	72	74
2024-12-06	36.38	27.17	16.78	22793612	Upward Expansion	85	74
2024-11-29	32.00	26.87	4.63	12519613	Upward Expansion	71	56
2024-11-22	29.99	26.72	-0.35	12413289	Upward Expansion	60	42
2024-11-15	29.34	26.67	-5.46	10695065	Upward Expansion	59	58
2024-11-08	30.81	26.56	-4.58	13730017	Upward Expansion	74	73
2024-11-01	27.80	26.37	-8.25	8912203	Rotation Up	59	63
2024-10-25	30.10	26.40	-2.43	13258385	Rotation Up	43	53
2024-10-18	29.63	26.36	-1.58	15892407	Downward Expansion	31	32
2024-10-11	26.81	26.32	-8.29	12716794	Downward Expansion	-19	16
2024-10-04	28.62	26.28	-6.62	3452863	Downward Expansion	-11	7
2024-09-27	25.49	26.08	-8.02	4961468	Downward Expansion	-57	56
2024-09-20	22.88	25.98	-2.81	1824060	Downward Expansion	-67	68
2024-09-13	23.00	25.96	-1.17	3137548	Balance	-66	62
2024-09-06	23.73	25.84	0.13	3697621	Balance	-32	39
2024-08-30	25.30	25.73	4.02	4907361	Balance	-15	13
2024-08-23	24.96	25.75	4.96	6402097	Balance	10	5
2024-08-16	26.25	25.80	8.57	9196460	Balance	31	17
2024-08-09	26.59	25.89	9.90	21602574	Balance	29	13
2024-08-02	27.05	26.00	10.13	18093884	Balance	30	12
2024-07-26	27.28	26.11	10.95	14019861	Balance	-1	11
2024-07-19	24.11	26.19	-4.96	3507290	Balance	-32	32
2024-07-12	25.61	26.37	1.36	5428258	Balance	-21	21
2024-07-05	25.16	26.49	1.57	6781245	Balance	-22	20
2024-06-28	26.45	26.67	5.20	9515115	Balance	-33	18
2024-06-21	25.95	26.79	1.10	11757142	Balance	-23	12
2024-06-14	26.00	26.96	-0.53	6421552	Balance	-20	11
2024-06-07	25.26	27.09	-3.18	17073945	Balance	-29	12
2024-05-31	28.49	27.25	8.08	16310335	Balance	17	10
2024-05-24	26.40	27.28	-0.05	20328547	Balance	-18	9
2024-05-17	27.66	27.33	1.93	12398782	Balance	11	14
2024-05-10	27.49	27.35	1.51	18791483	Balance	-8	8
2024-05-03	27.26	27.42	2.58	6986826	Balance	-10	6
2024-04-26	28.49	27.48	9.11	25082801	Balance	-3	7
2024-04-19	26.20	27.47	2.89	14871726	Balance	-11	12
2024-04-12	24.94	27.58	-1.09	15208668	Downward Expansion	-14	19
2024-04-05	28.73	27.74	10.47	17471419	Downward Expansion	9	23
2024-03-29	29.02	27.74	13.70	18505038	Downward Expansion	-8	18
2024-03-22	28.28	27.70	9.29	25879898	Downward Expansion	-22	17
2024-03-15	25.69	27.66	-1.15	23438013	Downward Expansion	-55	38
2024-03-08	22.65	27.71	-10.45	6777390	Downward Expansion	-63	62
2024-03-01	22.54	27.92	-11.58	9599231	Downward Expansion	-66	84
2024-02-23	22.33	28.09	-8.98	7441629	Downward Expansion	-68	87
2024-02-09	19.23	28.32	-19.43	8964850	Downward Expansion	-92	96
2024-02-02	20.56	28.74	-6.11	6095196	Downward Expansion	-91	89
2024-01-26	25.85	—	—	6418763	Not yet classified	—	—
2024-01-19	26.56	—	—	3447522	Not yet classified	—	—
2024-01-12	28.80	—	—	4309866	Not yet classified	—	—
2024-01-05	29.89	—	—	5251931	Not yet classified	—	—
2023-12-29	30.55	—	—	4879690	Not yet classified	—	—
2023-12-22	29.45	—	—	4992509	Not yet classified	—	—
2023-12-15	29.66	—	—	3974248	Not yet classified	—	—
2023-12-08	29.11	—	—	4939914	Not yet classified	—	—
2023-12-01	30.50	—	—	5237534	Not yet classified	—	—
2023-11-24	30.22	—	—	5764419	Not yet classified	—	—
2023-11-17	30.96	—	—	5539771	Not yet classified	—	—
2023-11-10	30.05	—	—	7651232	Not yet classified	—	—
2023-11-03	30.00	—	—	8688072	Not yet classified	—	—
2023-10-27	29.28	—	—	8334385	Not yet classified	—	—
2023-10-20	27.85	—	—	4881048	Not yet classified	—	—
2023-10-13	28.44	—	—	5672468	Not yet classified	—	—
2023-09-29	29.60	—	—	3692533	Not yet classified	—	—
2023-09-22	28.83	—	—	6128093	Not yet classified	—	—

Price vs TrendAbove+0.7%

Trend directionFalling-4.5%

Price vs current Fair ValuePremium+11.6%

Fair Value directionMoving away-4.9%

Relative Strength vs benchmarkLeading+8.1%

Relative strength directionImproving+23.9%

Price momentumPositive+3.7%

Volume balanceDemand-led1.08×

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

-16 / ±100

+25.1 points since 2026-09-04

Energy

12 /100

-15.1 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.

301233 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance53

Rotation Up34

Upward Expansion22

Deceleration41

Rotation Down22

Downward Expansion56

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 · 138 classified observations out of 156 shown.

Balance 21%Rotation Up 5%Upward Expansion 37%Deceleration 8%Rotation Down 4%Downward Expansion 25%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-07-31	2026-10-02	Developing	+20.3%
Rotation Down	2026-07-17	2026-07-24	New	-5.2%
Upward Expansion	2026-05-15	2026-07-10	Developing	-22.1%
Balance	2026-04-24	2026-05-08	New	+7.2%
Downward Expansion	2026-03-27	2026-04-17	New	+8.0%
Balance	2026-03-13	2026-03-20	New	-8.2%
Rotation Up	2026-01-30	2026-03-06	Developing	-3.1%
Downward Expansion	2025-12-19	2026-01-23	Developing	+14.0%
Rotation Down	2025-11-28	2025-12-12	New	-2.2%
Balance	2025-11-14	2025-11-21	New	-8.4%
Deceleration	2025-09-26	2025-11-07	Developing	+0.9%
Upward Expansion	2025-02-14	2025-09-19	Extended	+19.4%
Deceleration	2025-01-17	2025-02-07	New	-3.0%
Upward Expansion	2024-11-08	2025-01-10	Developing	-3.2%

Classic Stage Analysis comparison

Stage 1 · Basing46

Stage 2 · Advancing44

Stage 3 · Distribution51

Stage 4 · Declining44

Legacy result: Stage 3 · Stage 3A · Churning. 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: 22/100
Current Relative Strength: 8.09
Relative Strength direction: Improving
Price momentum: +3.7%
Excess performance vs benchmark: +7.2%
Basic Materials regime cohort: 1th percentile193 in cohort

Test 301233 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.22×

Latest completed volume relative to typical participation.

Up/down volume1.08×

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+25.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

Current relationship between Fast Activity and Slow Activity.

Structure stability+37.5%

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 301233 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity CNY 34.47rising

Slow Activity CNY 35.11falling

Trend Reference CNY 36.31+0.7% close margin

Current Fair Value CNY 32.78+11.6% close margin

Structural low CNY 28.01shock / 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 +50.6%

From structural high -25.4%

From structural low +30.6%

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	10	+9.3%-5.1% to +29.5%	+70.0%	+30.0%	+0.9%	+60.0%	Usable descriptive sample
Intermediate	4	+24.2%+0.4% to +48.1%	+100.0%	+0.0%	+6.5%	+25.0%	Too little matched history
Extended	3	+29.3%+15.2% to +50.6%	+100.0%	+0.0%	+18.2%	+0.0%	Too little matched history
Full cycle	1	+61.5%+61.5% to +61.5%	+100.0%	+0.0%	+30.2%	+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.

301233 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