Weekly structural research · SHZ · Consumer Cyclical

000785 Stage Analysis

Easyhome New Retail Group Corporation Limited

Week ending 2 Oct 2026Close CNY 2.30Tenure 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 -7−100 bearish to +100 bullish

Energy 7/100directional strength

Maturity 17/100lifecycle context

Confidence 74/100evidence agreement

Trend gate Downstructural direction

Activity structure Compressedcontracting separation

Price acceptance +50.0%position within the Activity structure

Fair Value context -23.0%CNY 2.99 · 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	2.30	2.34	-4.46	226569335	Balance	-7	7
2026-09-25	2.30	2.36	-7.94	334752334	Balance	-7	8
2026-09-18	2.23	2.39	-13.47	268528597	Balance	-15	13
2026-09-11	2.26	2.41	-11.93	287100134	Balance	-15	14
2026-09-04	2.31	2.43	-11.02	291387930	Downward Expansion	-25	17
2026-08-28	2.29	2.46	-15.12	53385500	Downward Expansion	-33	20
2026-08-21	2.22	2.49	-19.25	40310523	Downward Expansion	-36	23
2026-08-14	2.23	2.52	-21.09	52346300	Downward Expansion	-41	28
2026-08-07	2.23	2.55	-21.67	50082467	Downward Expansion	-45	34
2026-07-31	2.27	2.57	-16.92	61096082	Downward Expansion	-60	47
2026-07-24	2.09	2.60	-25.42	42127220	Downward Expansion	-67	64
2026-07-17	2.15	2.63	-23.80	71794675	Downward Expansion	-66	81
2026-07-10	2.10	2.66	-33.03	92089874	Downward Expansion	-67	84
2026-07-03	2.05	2.70	-37.77	50190364	Downward Expansion	-79	89
2026-06-26	2.08	2.73	-38.50	44278262	Downward Expansion	-82	80
2026-06-19	2.16	2.75	-38.01	262692997	Downward Expansion	-78	58
2026-06-12	2.28	2.78	-30.88	92574956	Downward Expansion	-72	54
2026-06-05	2.47	2.80	-27.84	175985495	Downward Expansion	-60	49
2026-05-29	2.41	2.82	-31.68	229376735	Downward Expansion	-63	54
2026-05-22	2.36	2.83	-34.14	160536087	Downward Expansion	-71	53
2026-05-15	2.43	2.85	-33.04	243692259	Downward Expansion	-60	45
2026-05-08	2.57	2.86	-30.23	131267790	Downward Expansion	-46	37
2026-05-01	2.58	2.87	-28.82	210213739	Downward Expansion	-60	48
2026-04-24	2.54	2.88	-30.09	266008618	Downward Expansion	-65	76
2026-04-17	2.63	2.90	-28.52	436089211	Downward Expansion	-65	76
2026-04-10	2.43	2.92	-32.54	167226198	Downward Expansion	-74	85
2026-04-03	2.34	2.95	-31.60	233697180	Downward Expansion	-87	86
2026-03-27	2.48	2.97	-30.84	382687122	Downward Expansion	-85	78
2026-03-20	2.74	2.99	-25.46	255583625	Balance	-69	62
2026-03-13	2.82	2.99	-26.76	218369098	Balance	-35	39
2026-03-06	2.87	3.00	-26.04	249713028	Balance	-19	21
2026-02-27	2.96	3.00	-26.59	190577910	Balance	1	8
2026-02-13	2.90	3.01	-27.09	244223318	Balance	17	8
2026-02-06	3.00	3.01	-25.12	387034551	Balance	41	32
2026-01-30	3.11	3.02	-24.57	505785185	Balance	46	38
2026-01-23	3.27	3.01	-22.58	574128047	Balance	60	31
2026-01-16	3.19	3.00	-24.19	1623240877	Balance	27	14
2026-01-09	2.98	3.00	-28.90	301533823	Balance	-5	6
2026-01-02	2.92	3.00	-28.01	187200663	Balance	0	7
2025-12-26	3.07	3.00	-25.73	424852013	Balance	15	27
2025-12-19	3.15	3.01	-21.80	531335759	Balance	25	26
2025-12-12	2.97	3.01	-27.52	703998966	Balance	-22	14
2025-12-05	3.13	3.03	-24.01	621945755	Balance	-6	11
2025-11-28	3.05	3.03	-25.34	707117241	Downward Expansion	-23	13
2025-11-21	2.77	3.04	-30.00	319387913	Downward Expansion	-68	37
2025-11-14	2.99	3.06	-28.54	315683746	Downward Expansion	-41	26
2025-11-07	2.90	3.09	-31.79	278520999	Downward Expansion	-58	48
2025-10-31	2.89	3.13	-32.11	223012512	Downward Expansion	-61	61
2025-10-24	2.87	3.17	-32.35	248504966	Downward Expansion	-61	65
2025-10-17	2.83	3.22	-30.32	281501716	Downward Expansion	-68	63
2025-10-10	2.91	3.27	-32.05	124854046	Downward Expansion	-59	41
2025-10-03	2.88	3.33	-33.77	121271895	Balance	-63	36
2025-09-26	2.91	3.38	-31.74	393051383	Balance	-40	20
2025-09-19	3.16	3.44	-25.39	626650713	Downward Expansion	-20	15
2025-09-12	3.16	3.48	-24.73	587599291	Downward Expansion	-35	20
2025-09-05	3.14	3.56	-23.41	568020257	Downward Expansion	-43	32
2025-08-29	3.02	3.57	-27.13	608111852	Downward Expansion	-59	49
2025-08-22	3.08	3.59	-22.77	565426637	Downward Expansion	-62	56
2025-08-15	2.93	3.60	-23.37	376055965	Downward Expansion	-70	60
2025-08-08	2.92	3.62	-20.37	443620358	Downward Expansion	-74	59
2025-08-01	3.02	3.64	-16.85	1230252051	Downward Expansion	-53	49
2025-07-25	3.16	3.68	-14.53	618277700	Downward Expansion	-50	52
2025-07-18	3.02	3.70	-16.37	310176563	Downward Expansion	-64	65
2025-07-11	3.10	3.74	-12.33	370150153	Downward Expansion	-63	76
2025-07-04	3.00	3.79	-13.56	236173592	Downward Expansion	-65	81
2025-06-27	3.02	3.80	-11.82	268882938	Downward Expansion	-67	84
2025-06-20	2.91	3.80	-11.74	243371216	Downward Expansion	-80	89
2025-06-13	3.00	3.80	-9.91	362380602	Rotation Down	-78	84
2025-06-06	3.17	3.79	-5.27	215913343	Rotation Down	-44	69
2025-05-30	3.18	3.79	-3.49	270274823	Rotation Down	-46	67
2025-05-23	3.28	3.77	-1.23	398237281	Rotation Down	-42	64
2025-05-16	3.38	3.76	1.40	377408854	Rotation Down	-28	57
2025-05-09	3.39	3.73	2.35	412303327	Rotation Down	-25	41
2025-05-02	3.31	3.71	2.44	367290535	Deceleration	-28	32
2025-04-25	3.39	3.69	4.88	765427402	Deceleration	-9	21
2025-04-18	3.69	3.67	15.93	347609699	Deceleration	13	15
2025-04-11	4.06	3.62	27.35	573247162	Deceleration	33	19
2025-04-04	4.17	3.56	24.72	235290948	Upward Expansion	40	26
2025-03-28	4.28	3.50	25.76	409317256	Upward Expansion	54	36
2025-03-21	4.43	3.45	30.03	964137960	Upward Expansion	58	42
2025-03-14	4.75	3.38	36.70	1022759891	Upward Expansion	62	53
2025-03-07	4.50	3.31	32.13	1124605731	Upward Expansion	59	64
2025-02-28	4.56	3.24	37.79	1290377912	Upward Expansion	60	61
2025-02-21	4.49	3.18	31.96	1938803225	Upward Expansion	60	52
2025-02-14	5.57	3.11	68.30	1834658166	Deceleration	81	50
2025-02-07	3.45	3.00	7.16	356754772	Deceleration	31	21
2025-01-31	3.43	2.96	10.97	104933234	Deceleration	34	22
2025-01-24	3.48	2.93	11.06	609462969	Upward Expansion	41	26
2025-01-17	3.42	2.89	10.63	772902048	Upward Expansion	46	35
2025-01-10	3.63	2.86	21.80	1661904342	Upward Expansion	62	51
2025-01-03	4.17	2.82	38.85	1073348822	Upward Expansion	71	80
2024-12-27	3.89	2.77	20.90	898676113	Upward Expansion	65	82
2024-12-20	3.96	2.73	23.35	1273089058	Upward Expansion	71	83
2024-12-13	4.74	2.70	46.81	1271034719	Upward Expansion	95	94
2024-12-06	3.34	2.64	3.33	451461211	Upward Expansion	81	70
2024-11-29	3.03	2.63	-5.02	474715076	Upward Expansion	69	56
2024-11-22	2.84	2.63	-9.89	374257977	Rotation Up	55	45
2024-11-15	2.76	2.63	-15.36	318153544	Rotation Up	29	40
2024-11-08	2.99	2.63	-12.15	379757048	Rotation Up	45	49
2024-11-01	2.82	2.64	-11.97	229389548	Rotation Up	35	36
2024-10-25	2.77	2.64	-15.29	218112789	Rotation Up	21	37
2024-10-18	2.61	2.64	-18.62	256352307	Rotation Up	13	25
2024-10-11	2.64	2.65	-15.74	342484324	Downward Expansion	10	21
2024-10-04	2.93	2.66	-11.14	107830220	Downward Expansion	12	15
2024-09-27	2.72	2.66	-9.14	249660379	Downward Expansion	-30	22
2024-09-20	2.29	2.66	-10.25	74449126	Downward Expansion	-63	47
2024-09-13	2.28	2.68	-9.92	98141765	Downward Expansion	-65	40
2024-09-06	2.38	2.71	-8.08	142774959	Downward Expansion	-58	31
2024-08-30	2.58	2.71	-3.40	126246609	Downward Expansion	-35	18
2024-08-23	2.43	2.73	-7.51	99462023	Downward Expansion	-42	24
2024-08-16	2.48	2.74	-7.89	110539478	Downward Expansion	-38	21
2024-08-09	2.61	2.76	-3.99	229848944	Downward Expansion	-43	28
2024-08-02	2.62	2.77	-5.77	215426883	Downward Expansion	-49	38
2024-07-26	2.35	2.79	-16.26	110137777	Downward Expansion	-66	57
2024-07-19	2.33	2.82	-20.24	155123589	Downward Expansion	-70	66
2024-07-12	2.42	2.86	-17.09	196597318	Downward Expansion	-66	78
2024-07-05	2.36	2.89	-18.14	151041068	Downward Expansion	-75	86
2024-06-28	2.37	2.93	-19.49	225745000	Downward Expansion	-80	86
2024-06-21	2.37	2.97	-21.40	115369009	Downward Expansion	-86	86
2024-06-14	2.56	3.00	-17.39	91005322	Downward Expansion	-78	75
2024-06-07	2.68	3.03	-13.90	121347600	Balance	-69	57
2024-05-31	2.75	3.05	-12.61	103993819	Balance	-53	33
2024-05-24	2.91	3.08	-8.49	113734675	Balance	-23	11
2024-05-17	3.04	3.09	-7.57	120113954	Balance	-11	8
2024-05-10	2.91	3.10	-11.78	113792700	Balance	-24	13
2024-05-03	2.98	3.13	-8.57	47347564	Balance	-21	12
2024-04-26	2.97	3.15	-7.80	121513297	Downward Expansion	-32	17
2024-04-19	2.91	3.17	-7.94	139001622	Downward Expansion	-36	17
2024-04-12	3.04	3.19	-3.57	110464744	Downward Expansion	-37	21
2024-04-05	2.99	3.21	-8.45	70415024	Downward Expansion	-41	26
2024-03-29	2.78	3.24	-13.57	75411210	Downward Expansion	-60	39
2024-03-22	2.83	3.27	-13.83	94802007	Downward Expansion	-57	36
2024-03-15	2.95	3.31	-11.00	96705972	Downward Expansion	-44	32
2024-03-08	2.81	3.35	-13.11	105856071	Downward Expansion	-59	39
2024-03-01	2.92	3.40	-10.66	141097427	Downward Expansion	-57	44
2024-02-23	2.91	3.44	-7.50	140272394	Downward Expansion	-59	48
2024-02-09	2.98	3.47	-2.73	204954363	Downward Expansion	-62	53
2024-02-02	2.60	3.50	-7.04	122651089	Downward Expansion	-88	81
2024-01-26	3.00	3.53	-1.38	125043756	Downward Expansion	-67	79
2024-01-19	2.89	3.55	-4.99	103287058	Downward Expansion	-84	91
2024-01-12	3.03	3.59	-2.75	130273427	Downward Expansion	-79	87
2024-01-05	3.00	3.61	-5.00	111691974	Downward Expansion	-86	86
2023-12-29	3.21	3.63	-2.61	54397401	Downward Expansion	-74	74
2023-12-22	3.23	3.64	1.21	71031810	Downward Expansion	-74	55
2023-12-15	3.41	3.66	4.95	77846891	Downward Expansion	-47	33
2023-12-08	3.32	3.67	0.67	135111146	Downward Expansion	-58	34
2023-12-01	3.56	3.69	6.34	79507821	Downward Expansion	-43	28
2023-11-24	3.46	3.70	2.47	95798180	Downward Expansion	-58	41
2023-11-17	3.46	3.71	1.25	75883502	Downward Expansion	-62	48
2023-11-10	3.37	3.73	-1.35	62021688	Downward Expansion	-68	68
2023-11-03	3.40	3.76	0.89	58484663	Downward Expansion	-67	70
2023-10-27	3.42	3.79	2.51	60800470	Downward Expansion	-68	69
2023-10-20	3.36	3.81	3.05	64942055	Downward Expansion	-77	72
2023-10-13	3.46	3.83	0.95	60141638	Downward Expansion	-71	64
2023-09-29	3.56	3.85	3.69	49315480	Downward Expansion	-65	65
2023-09-22	3.61	3.86	4.54	67013011	Downward Expansion	-61	61

Price vs TrendBelow-1.9%

Trend directionFalling-9.8%

Price vs current Fair ValueBelow anchor-23.0%

Fair Value directionClosing upward+11.3%

Relative Strength vs benchmarkLagging-4.5%

Relative strength directionImproving+33.3%

Price momentumNegative-1.7%

Volume balanceDemand-led1.31×

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

-7 / ±100

+18.6 points since 2026-09-04

Energy

7 /100

-10.9 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.

000785 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance57

Rotation Up30

Upward Expansion34

Deceleration39

Rotation Down20

Downward Expansion40

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 17%Rotation Up 4%Upward Expansion 10%Deceleration 5%Rotation Down 4%Downward Expansion 60%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Balance	2026-09-11	2026-10-02	New	+1.8%
Downward Expansion	2026-03-27	2026-09-04	Established	-6.9%
Balance	2025-12-05	2026-03-20	Established	-12.5%
Downward Expansion	2025-10-10	2025-11-28	Developing	+4.8%
Balance	2025-09-26	2025-10-03	New	-1.0%
Downward Expansion	2025-06-20	2025-09-19	Established	+8.6%
Rotation Down	2025-05-09	2025-06-13	Developing	-11.5%
Deceleration	2025-04-11	2025-05-02	New	-18.5%
Upward Expansion	2025-02-21	2025-04-04	Developing	-7.1%
Deceleration	2025-01-31	2025-02-14	New	+62.4%
Upward Expansion	2024-11-29	2025-01-24	Developing	+14.9%
Rotation Up	2024-10-18	2024-11-22	Developing	+8.8%
Downward Expansion	2024-06-14	2024-10-11	Established	+3.1%
Balance	2024-05-03	2024-06-07	Developing	-10.1%

Classic Stage Analysis comparison

Stage 1 · Basing75

Stage 2 · Advancing16

Stage 3 · Distribution12

Stage 4 · Declining84

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: 53/100
Current Relative Strength: -4.46
Relative Strength direction: Improving
Price momentum: -1.7%
Excess performance vs benchmark: +1.8%
Consumer Cyclical regime cohort: 70th percentile88 in cohort

Test 000785 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.57×

Latest completed volume relative to typical participation.

Up/down volume1.31×

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 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 000785 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity CNY 2.28rising

Slow Activity CNY 2.27falling

Trend Reference CNY 2.34-1.9% close margin

Current Fair Value CNY 2.99-23.0% close margin

Structural low CNY 1.96shock / 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 +5.7%

Annualized volatility +27.2%

From structural high -39.0%

From structural low +17.3%

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	15	-6.1%-18.5% to +9.6%	+20.0%	+20.0%	-4.2%	+40.0%	Usable descriptive sample
Intermediate	8	-7.1%-23.8% to +6.4%	+37.5%	+37.5%	+2.4%	+12.5%	Usable descriptive sample
Extended	5	-17.7%-26.5% to -4.1%	+0.0%	+0.0%	-7.5%	+0.0%	Usable descriptive sample
Full cycle	4	-16.6%-25.9% to +11.1%	+25.0%	+25.0%	+1.7%	+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.

000785 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