Weekly structural research · SHZ · Industrials

300031 Stage Analysis

Wuxi Boton Technology Co., Ltd.

Week ending 2 Oct 2026Close CNY 19.93Tenure NewBenchmark 399001.SZ

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 expanding.

Direction -65−100 bearish to +100 bullish

Energy 47/100directional strength

Maturity 20/100lifecycle context

Confidence 90/100evidence agreement

Trend gate Downstructural direction

Activity structure Moderateexpanding separation

Price acceptance -66.7%position within the Activity structure

Fair Value context -3.0%CNY 20.54 · 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	19.93	22.35	-3.31	19561227	Downward Expansion	-65	47
2026-09-25	21.10	22.39	-1.34	34911823	Downward Expansion	-53	37
2026-09-18	21.27	22.46	-3.36	51443004	Downward Expansion	-55	41
2026-09-11	20.07	22.53	-8.10	50482304	Rotation Down	-52	33
2026-09-04	20.72	22.60	-6.03	16537132	Rotation Down	-18	17
2026-08-28	21.16	22.68	-7.60	10514636	Rotation Down	-15	13
2026-08-21	21.25	22.78	-8.87	14039003	Rotation Down	-17	21
2026-08-14	22.20	22.89	-7.34	13390513	Rotation Down	-23	47
2026-08-07	21.88	22.95	-9.32	20151795	Rotation Down	-26	49
2026-07-31	19.33	22.98	-16.22	25095126	Rotation Down	-29	44
2026-07-24	17.99	23.08	-23.82	12269537	Rotation Down	-39	42
2026-07-17	18.84	23.19	-20.62	28277043	Rotation Down	1	11
2026-07-10	22.70	23.29	-13.66	24002755	Upward Expansion	47	39
2026-07-03	26.17	23.27	-4.85	30121371	Upward Expansion	64	73
2026-06-26	29.86	23.13	6.54	22689354	Upward Expansion	84	87
2026-06-19	30.51	22.85	6.70	155217287	Upward Expansion	90	78
2026-06-12	24.83	22.58	-7.41	24536928	Upward Expansion	63	60
2026-06-05	25.44	22.51	-8.08	33775152	Upward Expansion	72	65
2026-05-29	23.22	22.44	-18.14	114642416	Rotation Up	57	56
2026-05-22	25.59	22.42	-10.83	183365496	Rotation Up	51	53
2026-05-15	23.53	22.31	-18.66	78220219	Rotation Up	23	29
2026-05-08	24.00	22.33	-18.16	49152345	Downward Expansion	18	23
2026-05-01	23.04	22.35	-19.68	76797325	Downward Expansion	-17	14
2026-04-24	20.77	22.41	-27.35	28967033	Downward Expansion	-59	37
2026-04-17	21.46	22.58	-25.34	29748350	Downward Expansion	-58	43
2026-04-10	21.20	22.71	-23.95	24049020	Downward Expansion	-62	65
2026-04-03	20.16	22.85	-23.29	26892045	Downward Expansion	-70	74
2026-03-27	20.22	23.04	-26.09	34726892	Downward Expansion	-72	74
2026-03-20	20.38	23.26	-26.91	42144295	Downward Expansion	-74	67
2026-03-13	21.74	23.46	-25.24	42265568	Balance	-48	40
2026-03-06	21.22	23.64	-27.49	52075014	Balance	-55	35
2026-02-27	23.19	23.74	-24.04	34533686	Balance	-27	18
2026-02-13	23.10	23.80	-22.66	50642692	Balance	-23	11
2026-02-06	22.37	23.82	-24.47	44126107	Balance	-18	17
2026-01-30	23.13	23.86	-23.73	73009169	Downward Expansion	-1	22
2026-01-23	24.20	23.91	-21.62	62049750	Downward Expansion	4	25
2026-01-16	24.47	23.91	-19.95	171570350	Downward Expansion	-2	19
2026-01-09	23.99	23.86	-20.64	72422503	Downward Expansion	-21	16
2026-01-02	22.73	23.85	-21.51	31125168	Downward Expansion	-45	35
2025-12-26	22.32	23.92	-23.41	46903362	Downward Expansion	-59	47
2025-12-19	21.29	23.98	-24.46	32818263	Downward Expansion	-71	64
2025-12-12	21.74	24.10	-23.76	30554329	Downward Expansion	-66	61
2025-12-05	22.11	24.27	-22.07	37439455	Downward Expansion	-61	66
2025-11-28	22.19	24.49	-21.06	39837905	Downward Expansion	-62	69
2025-11-21	21.45	24.51	-21.19	37372671	Downward Expansion	-76	73
2025-11-14	22.22	24.55	-22.72	30364471	Downward Expansion	-70	71
2025-11-07	22.75	24.56	-22.09	41717680	Rotation Down	-66	71
2025-10-31	23.29	24.56	-20.11	48304280	Rotation Down	-33	53
2025-10-24	22.70	24.66	-21.60	37742733	Rotation Down	-38	53
2025-10-17	22.20	24.80	-19.81	52765902	Balance	-35	41
2025-10-10	24.24	25.01	-16.86	28846150	Balance	-5	11
2025-10-03	24.61	25.22	-16.59	27206100	Balance	-8	10
2025-09-26	24.89	25.49	-13.61	97583638	Balance	-1	6
2025-09-19	25.90	25.95	-9.04	134739525	Balance	-8	6
2025-09-12	25.28	25.90	-10.06	72707657	Balance	-7	10
2025-09-05	25.31	25.86	-7.43	93411984	Rotation Up	15	26
2025-08-29	26.11	25.68	-5.17	174034964	Rotation Up	19	40
2025-08-22	26.83	25.42	1.90	134154076	Balance	26	43
2025-08-15	26.32	25.14	4.94	159936388	Balance	18	27
2025-08-08	27.11	24.85	13.47	248990817	Balance	32	21
2025-08-01	24.30	24.50	3.63	96114661	Balance	-6	7
2025-07-25	24.72	24.26	4.13	102090299	Balance	-8	8
2025-07-18	23.98	24.07	3.77	79609070	Deceleration	-20	15
2025-07-11	23.50	23.96	4.20	82574316	Deceleration	-28	23
2025-07-04	24.61	23.89	11.44	96017135	Deceleration	5	14
2025-06-27	24.13	23.81	11.37	80678460	Deceleration	3	21
2025-06-20	22.91	23.72	10.43	74624784	Deceleration	-4	27
2025-06-13	23.77	23.64	13.99	97383123	Deceleration	5	15
2025-06-06	24.75	23.50	18.81	76281448	Deceleration	25	17
2025-05-30	24.29	23.32	19.37	87630203	Deceleration	27	21
2025-05-23	24.71	23.11	21.35	106956516	Deceleration	29	18
2025-05-16	27.07	22.95	33.51	233734377	Deceleration	34	16
2025-05-09	28.54	22.67	43.16	218611322	Deceleration	27	16
2025-05-02	22.89	22.30	19.07	51681777	Deceleration	13	22
2025-04-25	22.59	22.17	18.28	112259745	Deceleration	13	23
2025-04-18	22.41	21.97	20.02	83939585	Deceleration	16	23
2025-04-11	22.91	21.71	23.33	161968039	Deceleration	29	23
2025-04-04	26.27	21.42	35.45	74214861	Upward Expansion	45	35
2025-03-28	26.94	21.05	37.25	125750209	Upward Expansion	62	54
2025-03-21	28.44	20.66	45.39	249526379	Upward Expansion	66	84
2025-03-14	30.62	20.19	53.99	257158988	Upward Expansion	68	88
2025-03-07	32.61	19.67	68.11	577942537	Upward Expansion	81	93
2025-02-28	38.62	19.07	106.57	515394109	Upward Expansion	96	98
2025-02-21	24.50	18.30	29.28	255879429	Upward Expansion	81	79
2025-02-14	24.00	17.99	30.35	215431584	Deceleration	66	49
2025-02-07	19.83	17.71	10.34	68084968	Deceleration	31	14
2025-01-31	18.34	17.58	6.54	15694378	Deceleration	4	17
2025-01-24	18.50	17.44	5.91	61772867	Deceleration	3	22
2025-01-17	17.60	17.30	1.90	57544558	Deceleration	4	23
2025-01-10	16.73	17.19	0.38	56021096	Deceleration	7	20
2025-01-03	17.15	17.12	1.69	54330534	Upward Expansion	23	16
2024-12-27	19.03	17.00	4.54	73061734	Upward Expansion	55	37
2024-12-20	20.48	16.84	12.33	105939815	Upward Expansion	61	47
2024-12-13	21.62	16.63	17.35	178894380	Upward Expansion	67	56
2024-12-06	22.13	16.39	19.16	193031705	Upward Expansion	74	61
2024-11-29	21.28	16.12	16.68	274430696	Upward Expansion	73	54
2024-11-22	20.46	15.88	14.32	200978459	Upward Expansion	70	51
2024-11-15	19.70	15.63	6.97	172911590	Upward Expansion	69	53
2024-11-08	19.33	15.37	1.07	127095884	Upward Expansion	69	62
2024-11-01	18.02	15.15	0.58	120651841	Upward Expansion	63	62
2024-10-25	19.77	15.01	8.74	160800895	Upward Expansion	77	82
2024-10-18	18.80	14.82	6.21	153417294	Upward Expansion	72	78
2024-10-11	17.33	14.73	0.84	159414657	Upward Expansion	59	67
2024-10-04	19.19	14.68	6.63	47199476	Upward Expansion	82	73
2024-09-27	16.58	14.53	2.06	93282238	Balance	62	32
2024-09-20	14.39	14.51	4.46	23140820	Balance	12	7
2024-09-13	14.37	14.53	5.53	43010587	Balance	23	12
2024-09-06	15.04	14.49	8.34	59015894	Balance	34	16
2024-08-30	15.28	14.44	7.18	66541102	Balance	38	18
2024-08-23	14.38	14.49	2.92	73965012	Balance	30	14
2024-08-16	15.11	14.57	5.81	78859258	Rotation Up	23	16
2024-08-09	14.56	14.62	1.42	96379973	Rotation Up	24	22
2024-08-02	15.46	14.69	5.56	108762425	Rotation Up	30	47
2024-07-26	15.28	14.79	3.55	69495421	Rotation Up	17	37
2024-07-19	15.53	14.91	1.37	125877880	Balance	22	35
2024-07-12	15.98	15.10	4.38	172065586	Balance	9	16
2024-07-05	14.21	15.23	-5.94	59326007	Balance	-18	11
2024-06-28	14.31	15.39	-7.74	80020855	Balance	-20	11
2024-06-21	14.30	15.50	-10.88	74285179	Balance	-22	11
2024-06-14	14.58	15.65	-12.10	54227720	Downward Expansion	-32	16
2024-06-07	13.44	15.78	-19.97	61486125	Downward Expansion	-41	21
2024-05-31	14.34	15.91	-16.42	62813994	Downward Expansion	-32	20
2024-05-24	14.21	15.95	-18.35	97601723	Downward Expansion	-35	22
2024-05-17	14.25	16.03	-21.04	127056132	Downward Expansion	-41	27
2024-05-10	14.04	16.15	-23.08	65944573	Downward Expansion	-57	44
2024-05-03	14.24	16.28	-21.75	52420760	Downward Expansion	-61	64
2024-04-26	12.81	16.39	-28.79	55492316	Downward Expansion	-63	74
2024-04-19	11.93	16.53	-32.60	73463726	Downward Expansion	-76	77
2024-04-12	12.77	16.73	-27.69	60364816	Downward Expansion	-72	65
2024-04-05	13.88	16.96	-24.29	45311396	Downward Expansion	-61	37
2024-03-29	14.16	17.13	-21.94	90873571	Downward Expansion	-49	28
2024-03-22	16.01	17.30	-13.50	141075958	Downward Expansion	-36	19
2024-03-15	15.68	17.44	-15.49	119481952	Downward Expansion	-41	25
2024-03-08	14.88	17.60	-17.42	87548048	Downward Expansion	-55	38
2024-03-01	15.77	17.80	-12.85	152013384	Downward Expansion	-59	57
2024-02-23	14.96	17.98	-13.63	127203044	Downward Expansion	-61	64
2024-02-09	13.38	18.24	-20.35	102922847	Downward Expansion	-75	71
2024-02-02	13.49	18.58	-11.87	124664094	Balance	-78	68
2024-01-26	16.81	18.95	1.43	185235407	Balance	-55	44
2024-01-19	16.71	19.29	1.24	107058414	Balance	-54	37
2024-01-12	16.50	19.68	-1.72	92584630	Balance	-47	31
2024-01-05	16.76	20.12	-0.90	134598454	Balance	-41	17
2023-12-29	18.38	20.55	4.72	248228760	Balance	-11	14
2023-12-22	18.95	20.80	12.33	178748319	Balance	-6	17
2023-12-15	21.39	21.02	25.64	166950349	Balance	11	21
2023-12-08	19.87	21.09	15.84	165299136	Downward Expansion	-8	13
2023-12-01	18.84	21.30	8.80	64365561	Downward Expansion	-32	21
2023-11-24	17.77	21.66	1.81	80222046	Downward Expansion	-38	23
2023-11-17	18.64	21.69	5.69	102527977	Downward Expansion	-43	33
2023-11-10	18.45	21.73	5.24	180536636	Downward Expansion	-57	46
2023-11-03	17.36	21.77	0.95	176392984	Downward Expansion	-61	55
2023-10-27	15.69	21.87	-7.45	57644411	Downward Expansion	-77	75
2023-10-20	16.47	22.09	-0.36	40844405	Downward Expansion	-75	75
2023-10-13	17.75	22.22	2.63	61365286	Downward Expansion	-63	74
2023-09-29	17.99	22.15	4.18	66827506	Downward Expansion	-65	78
2023-09-22	17.70	22.08	2.42	64923819	Rotation Down	-67	77

Price vs TrendBelow-10.8%

Trend directionFalling-3.2%

Price vs current Fair ValueBelow anchor-3.0%

Fair Value directionMoving away-30.2%

Relative Strength vs benchmarkLagging-3.3%

Relative strength directionImproving+1.5%

Price momentumNegative-1.1%

Volume balanceSupply-led0.52×

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

-65 / ±100

-46.8 points since 2026-09-04

Energy

47 /100

+29.7 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.

300031 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance32

Rotation Up23

Upward Expansion8

Deceleration44

Rotation Down50

Downward Expansion81

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 22%Rotation Up 6%Upward Expansion 17%Deceleration 14%Rotation Down 8%Downward Expansion 33%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-09-18	2026-10-02	New	-6.3%
Rotation Down	2026-07-17	2026-09-11	Developing	+6.5%
Upward Expansion	2026-06-05	2026-07-10	Developing	-10.8%
Rotation Up	2026-05-15	2026-05-29	New	-1.3%
Downward Expansion	2026-03-20	2026-05-08	Developing	+17.8%
Balance	2026-02-06	2026-03-13	Developing	-2.8%
Downward Expansion	2025-11-14	2026-01-30	Developing	+4.1%
Rotation Down	2025-10-24	2025-11-07	New	+0.2%
Balance	2025-09-12	2025-10-17	Developing	-12.2%
Rotation Up	2025-08-29	2025-09-05	New	-3.1%
Balance	2025-07-25	2025-08-22	Developing	+8.5%
Deceleration	2025-04-11	2025-07-18	Established	+4.7%
Upward Expansion	2025-02-21	2025-04-04	Developing	+7.2%
Deceleration	2025-01-10	2025-02-14	Developing	+43.5%

Classic Stage Analysis comparison

Stage 1 · Basing48

Stage 2 · Advancing8

Stage 3 · Distribution35

Stage 4 · Declining92

Legacy result: Stage 4 · Stage 4A · Breakdown. 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: 75/100
Current Relative Strength: -3.31
Relative Strength direction: Improving
Price momentum: -1.1%
Excess performance vs benchmark: +2.3%
Industrials regime cohort: 58th percentile447 in cohort

Test 300031 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.44×

Latest completed volume relative to typical participation.

Up/down volume0.52×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+0.0%

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 300031 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity CNY 20.58falling

Slow Activity CNY 22.12falling

Trend Reference CNY 22.35-10.8% close margin

Current Fair Value CNY 20.54-3.0% close margin

Structural low CNY 17.89shock / 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 +8.7%

Annualized volatility +61.6%

From structural high -36.7%

From structural low +11.4%

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	22	+6.1%-28.2% to +45.3%	+63.6%	+36.4%	+1.7%	+63.6%	Usable descriptive sample
Intermediate	10	+6.3%-19.7% to +63.9%	+70.0%	+30.0%	+2.7%	+40.0%	Usable descriptive sample
Extended	6	+25.4%-29.0% to +47.6%	+66.7%	+33.3%	+11.9%	+33.3%	Usable descriptive sample
Full cycle	3	+16.0%+14.9% to +31.7%	+100.0%	+0.0%	+28.1%	+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.

300031 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

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

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 ?

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