Weekly structural research · SHZ · Industrials

000722 Stage Analysis

Hunan Development Group Co., Ltd.

Week ending 9 Oct 2026Close CNY 12.94Tenure DevelopingBenchmark 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: weakening.
Activity structure: compressed and contracting.

Direction -36−100 bearish to +100 bullish

Energy 17/100directional strength

Maturity 30/100lifecycle context

Confidence 51/100evidence agreement

Trend gate Downstructural direction

Activity structure Compressedcontracting separation

Price acceptance -16.7%position within the Activity structure

Fair Value context +14.8%CNY 11.27 · 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
2026-10-09	12.94	13.63	8.79	62515883	Balance	-36	17
2026-10-02	13.00	13.65	7.50	46607129	Balance	-18	16
2026-09-25	13.29	13.68	6.55	74614428	Balance	8	18
2026-09-18	14.26	13.69	11.75	221154173	Balance	15	22
2026-09-11	15.21	13.63	20.79	164031204	Balance	29	21
2026-09-04	13.32	13.55	5.76	20674141	Balance	-31	14
2026-08-28	13.02	13.54	0.15	9612883	Balance	-32	16
2026-08-21	12.80	13.53	-2.78	6859382	Balance	-32	16
2026-08-14	13.11	13.51	-2.57	20160872	Balance	-30	15
2026-08-07	13.56	13.48	0.66	15302700	Rotation Down	-3	8
2026-07-31	12.78	13.42	-0.37	27632030	Rotation Down	-23	21
2026-07-24	12.77	13.39	-2.26	44357542	Rotation Down	-27	46
2026-07-17	13.83	13.36	5.79	55121269	Rotation Down	-23	45
2026-07-10	11.00	13.30	-23.74	12661736	Rotation Down	-37	60
2026-07-03	11.85	13.34	-21.57	10477739	Balance	-28	38
2026-06-26	11.51	13.36	-25.37	18447915	Balance	-5	6
2026-06-19	14.36	13.39	-9.17	150704137	Upward Expansion	50	32
2026-06-12	15.07	13.37	1.33	28803660	Upward Expansion	55	30
2026-06-05	15.10	13.32	-1.54	38518804	Upward Expansion	57	29
2026-05-29	14.78	13.24	-5.79	118684044	Upward Expansion	55	28
2026-05-22	13.63	13.17	-13.80	121093759	Upward Expansion	48	24
2026-05-15	14.35	13.11	-9.49	204568709	Upward Expansion	50	33
2026-05-08	14.55	13.05	-8.57	82376207	Upward Expansion	52	28
2026-05-01	14.19	12.97	-8.45	129428810	Upward Expansion	37	17
2026-04-24	14.50	12.90	-6.05	261362428	Upward Expansion	40	22
2026-04-17	13.36	12.83	-13.35	126041592	Upward Expansion	36	21
2026-04-10	12.95	12.81	-13.21	123342882	Upward Expansion	49	31
2026-04-03	12.71	12.79	-9.30	298774305	Upward Expansion	52	39
2026-03-27	16.90	12.78	16.95	293246231	Upward Expansion	91	84
2026-03-20	14.18	12.65	-2.22	100533677	Upward Expansion	75	75
2026-03-13	13.61	12.60	-8.66	104458860	Upward Expansion	66	66
2026-03-06	13.88	12.56	-6.00	99186885	Upward Expansion	77	67
2026-02-27	13.49	12.50	-10.52	55536184	Balance	72	59
2026-02-13	12.46	12.48	-14.94	41293446	Balance	14	21
2026-02-06	12.80	12.50	-11.40	56645580	Balance	5	19
2026-01-30	13.03	12.52	-11.62	79981205	Balance	10	16
2026-01-23	12.92	12.53	-13.81	86254132	Downward Expansion	-16	9
2026-01-16	12.21	12.51	-17.60	55887484	Downward Expansion	-51	30
2026-01-09	12.05	12.51	-17.81	40096533	Downward Expansion	-55	49
2026-01-02	11.76	12.54	-16.32	20369024	Downward Expansion	-62	61
2025-12-26	12.00	12.63	-15.15	44402174	Downward Expansion	-57	56
2025-12-19	11.76	12.66	-13.98	31132793	Balance	-65	54
2025-12-12	12.02	12.70	-12.98	45488440	Balance	-49	34
2025-12-05	12.22	12.68	-10.93	32228901	Balance	-20	10
2025-11-28	12.39	12.65	-8.71	34560860	Balance	12	20
2025-11-21	12.53	12.61	-4.49	62180001	Balance	37	37
2025-11-14	13.68	12.62	-1.08	90225030	Balance	59	49
2025-11-07	13.61	12.54	-2.82	139735312	Balance	55	32
2025-10-31	12.72	12.48	-8.93	58805579	Balance	3	4
2025-10-24	12.56	12.49	-9.49	92083874	Balance	-18	13
2025-10-17	12.08	12.43	-8.95	35952022	Balance	-28	35
2025-10-10	12.44	12.39	-10.87	15321980	Balance	-13	22
2025-10-03	12.09	12.30	-14.44	10498219	Balance	-17	21
2025-09-26	12.12	12.21	-12.28	32850032	Balance	4	8
2025-09-19	12.30	12.12	-10.15	64014089	Balance	10	6
2025-09-12	13.00	12.02	-4.13	136206899	Balance	38	18
2025-09-05	12.27	11.90	-7.26	56210455	Balance	13	7
2025-08-29	12.49	11.81	-6.38	128885457	Balance	20	10
2025-08-22	12.88	11.70	0.75	80724868	Upward Expansion	34	18
2025-08-15	12.53	11.57	2.62	54809645	Upward Expansion	30	16
2025-08-08	12.44	11.46	6.65	44394150	Upward Expansion	34	16
2025-08-01	12.32	11.34	7.08	48860713	Upward Expansion	38	23
2025-07-25	12.74	11.22	9.13	91296963	Upward Expansion	50	30
2025-07-18	13.13	11.12	15.47	117529860	Deceleration	52	31
2025-07-11	13.46	11.03	21.24	206746485	Deceleration	56	30
2025-07-04	13.18	10.93	21.34	171905328	Upward Expansion	54	28
2025-06-27	12.49	10.86	16.82	85611681	Upward Expansion	51	32
2025-06-20	12.02	10.80	17.01	147419967	Upward Expansion	54	39
2025-06-13	13.11	10.76	26.65	297484128	Upward Expansion	58	55
2025-06-06	14.23	10.66	37.13	182714919	Upward Expansion	72	58
2025-05-30	12.94	10.54	27.27	285872381	Deceleration	63	40
2025-05-23	13.04	10.45	27.55	461686576	Deceleration	65	36
2025-05-16	11.56	10.37	12.64	193731852	Deceleration	43	31
2025-05-09	11.30	10.30	10.76	119288907	Upward Expansion	55	36
2025-05-02	11.08	10.23	11.20	199907157	Upward Expansion	60	46
2025-04-25	12.89	10.20	29.35	232850595	Upward Expansion	84	85
2025-04-18	11.09	10.09	13.51	193609876	Upward Expansion	66	81
2025-04-11	12.03	10.01	22.90	401966409	Upward Expansion	77	89
2025-04-04	12.98	9.89	26.20	61713604	Upward Expansion	96	96
2025-03-28	10.72	9.72	2.45	0	Upward Expansion	68	70
2025-03-21	10.72	9.63	1.73	49888710	Balance	65	42
2025-03-14	9.92	9.54	-8.38	60207287	Balance	11	11
2025-03-07	9.42	9.49	-11.93	44913261	Balance	-7	7
2025-02-28	9.47	9.47	-9.63	43652775	Balance	-7	9
2025-02-21	9.31	9.46	-14.28	28015928	Deceleration	-2	8
2025-02-14	9.40	9.43	-11.67	28004119	Deceleration	-4	12
2025-02-07	9.55	9.41	-8.78	20227745	Rotation Down	-17	23
2025-01-31	9.07	9.40	-9.88	4866833	Rotation Down	-21	48
2025-01-24	9.06	9.40	-11.42	19752175	Rotation Down	-21	45
2025-01-17	9.08	9.40	-10.28	21079143	Upward Expansion	-20	30
2025-01-10	8.75	9.41	-10.70	26157980	Upward Expansion	-26	29
2025-01-03	8.84	9.45	-11.04	25281598	Upward Expansion	9	14
2024-12-27	9.89	9.48	-7.75	38333368	Upward Expansion	40	23
2024-12-20	10.32	9.50	-3.78	80221189	Upward Expansion	53	33
2024-12-13	10.58	9.54	-2.41	58891692	Upward Expansion	57	40
2024-12-06	11.03	9.54	0.96	116719891	Upward Expansion	66	44
2024-11-29	10.64	9.52	-0.92	119283571	Rotation Up	62	43
2024-11-22	10.77	9.50	1.93	67047047	Rotation Up	40	37
2024-11-15	10.23	9.45	-5.97	100587325	Rotation Up	33	45
2024-11-08	10.57	9.41	-6.45	80050275	Rotation Up	43	54
2024-11-01	10.07	9.37	-5.00	80893765	Rotation Up	25	44
2024-10-25	10.85	9.35	0.72	113462932	Rotation Up	45	55
2024-10-18	9.50	9.30	-9.51	51019379	Rotation Up	19	31
2024-10-11	9.20	9.30	-9.90	79168491	Downward Expansion	13	27
2024-10-04	10.16	9.29	-5.17	35257688	Downward Expansion	7	24
2024-09-27	9.39	9.24	-3.02	110085410	Downward Expansion	-24	16
2024-09-20	8.64	9.22	4.98	35970343	Downward Expansion	-59	50
2024-09-13	8.46	9.22	4.03	40252453	Downward Expansion	-64	71
2024-09-06	7.85	9.19	-5.14	13933780	Rotation Down	-77	82
2024-08-30	8.16	9.19	-4.15	18886961	Rotation Down	-44	63
2024-08-23	8.14	9.22	-2.59	24285969	Rotation Down	-45	50
2024-08-16	8.43	9.24	-1.29	42947413	Rotation Down	-40	42
2024-08-09	8.81	9.28	2.50	34970090	Rotation Down	-23	34
2024-08-02	8.90	9.32	1.58	29298929	Rotation Down	-22	37
2024-07-26	8.58	9.34	-2.63	21191053	Rotation Down	-32	44
2024-07-19	8.83	9.37	-3.36	24256217	Deceleration	-27	38
2024-07-12	9.19	9.45	0.99	41311625	Deceleration	-17	26
2024-07-05	9.08	9.46	1.61	41022888	Upward Expansion	-9	21
2024-06-28	9.12	9.49	0.39	47076498	Upward Expansion	11	20
2024-06-21	9.21	9.52	-1.00	45668660	Upward Expansion	21	17
2024-06-14	9.93	9.54	4.37	45734951	Upward Expansion	53	34
2024-06-07	9.84	9.54	3.32	96162903	Upward Expansion	59	55
2024-05-31	10.63	9.54	10.24	232806397	Rotation Up	64	73
2024-05-24	11.36	9.52	17.29	95814339	Rotation Up	54	72
2024-05-17	10.76	9.45	8.20	182710579	Rotation Up	48	60
2024-05-10	10.42	9.43	4.82	83302565	Balance	34	40
2024-05-03	9.79	9.42	0.13	32289057	Balance	20	19
2024-04-26	9.44	9.43	-1.99	41425716	Balance	-6	8
2024-04-19	8.98	9.47	-4.97	69954926	Balance	-14	11
2024-04-12	9.54	9.53	1.48	84729788	Balance	-4	13
2024-04-05	9.33	9.58	-4.04	19807622	Balance	-19	17
2024-03-29	9.28	9.62	-3.36	33908927	Downward Expansion	-26	19
2024-03-22	9.52	9.69	-2.77	69141132	Downward Expansion	-25	17
2024-03-15	8.96	9.75	-9.19	33193449	Downward Expansion	-39	22
2024-03-08	8.66	9.85	-10.26	38838730	Downward Expansion	-55	38
2024-03-01	8.75	9.95	-10.31	51156643	Downward Expansion	-59	49
2024-02-23	8.53	10.05	-9.38	58134901	Downward Expansion	-62	63
2024-02-09	7.64	10.15	-16.99	36645014	Downward Expansion	-80	79
2024-02-02	7.90	10.30	-6.42	33535330	Downward Expansion	-82	75
2024-01-26	9.08	10.42	-1.39	43957993	Downward Expansion	-64	56
2024-01-19	8.77	10.48	-5.09	37988156	Downward Expansion	-73	59
2024-01-12	9.63	10.57	1.43	63152003	Downward Expansion	-56	35
2024-01-05	9.88	10.64	2.43	58221445	Downward Expansion	-46	21
2023-12-29	9.49	10.72	-6.15	41436521	Downward Expansion	-62	31
2023-12-22	9.67	10.81	-1.65	107264899	Downward Expansion	-46	22
2023-12-15	11.25	10.87	11.99	133270605	Downward Expansion	-9	10
2023-12-08	9.48	10.86	-7.53	15905585	Downward Expansion	-71	51
2023-12-01	9.90	10.92	-5.73	32417662	Downward Expansion	-45	38
2023-11-24	9.91	10.95	-7.24	20894286	Downward Expansion	-48	41
2023-11-17	9.95	10.98	-8.76	14949724	Downward Expansion	-58	46
2023-11-10	9.96	11.04	-9.01	16602453	Downward Expansion	-62	58
2023-11-03	9.82	11.11	-9.52	14428628	Downward Expansion	-64	71
2023-10-27	9.92	11.19	-8.02	28419728	Downward Expansion	-65	73
2023-10-20	9.37	11.28	-11.39	22860552	Downward Expansion	-86	87
2023-10-13	10.09	11.39	-9.52	13045075	Downward Expansion	-72	75
2023-09-29	10.20	11.49	-9.11	10476798	Downward Expansion	-71	70

Price vs TrendBelow-5.1%

Trend directionRising+1.6%

Price vs current Fair ValuePremium+14.8%

Fair Value directionClosing upward+15.7%

Relative Strength vs benchmarkLeading+8.8%

Relative strength directionImproving+32.5%

Price momentumNegative-0.0%

Volume balanceSupply-led0.61×

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

-36 / ±100

-65.3 points since 2026-09-11

Energy

17 /100

-3.3 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.

000722 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance46

Rotation Up19

Upward Expansion16

Deceleration56

Rotation Down46

Downward Expansion61

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 27%Rotation Up 6%Upward Expansion 29%Deceleration 6%Rotation Down 10%Downward Expansion 22%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Balance	2026-08-14	2026-10-09	Developing	-1.3%
Rotation Down	2026-07-10	2026-08-07	Developing	+23.3%
Balance	2026-06-26	2026-07-03	New	+3.0%
Upward Expansion	2026-03-06	2026-06-19	Established	+3.4%
Balance	2026-01-30	2026-02-27	New	+3.5%
Downward Expansion	2025-12-26	2026-01-23	Developing	+7.6%
Balance	2025-08-29	2025-12-19	Established	-5.8%
Upward Expansion	2025-07-25	2025-08-22	Developing	+1.1%
Deceleration	2025-07-11	2025-07-18	New	-2.4%
Upward Expansion	2025-06-06	2025-07-04	Developing	-7.3%
Deceleration	2025-05-16	2025-05-30	New	+11.9%
Upward Expansion	2025-03-28	2025-05-09	Developing	+5.4%
Balance	2025-02-28	2025-03-21	New	+13.2%
Deceleration	2025-02-14	2025-02-21	New	-1.0%

Classic Stage Analysis comparison

Stage 1 · Basing64

Stage 2 · Advancing44

Stage 3 · Distribution38

Stage 4 · Declining44

Legacy result: Stage 1 · Stage 1B · Basing. 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: 31/100
Current Relative Strength: 8.79
Relative Strength direction: Improving
Price momentum: -0.0%
Excess performance vs benchmark: +11.6%
Industrials regime cohort: 42th percentile220 in cohort

Test 000722 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume1.09×

Latest completed volume relative to typical participation.

Up/down volume0.61×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 3

Recent participation evidence classified by demand and supply.

Activity alignment+25.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+25.0%

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 000722 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity CNY 13.35falling

Slow Activity CNY 13.42falling

Trend Reference CNY 13.63-5.1% close margin

Current Fair Value CNY 11.27+14.8% close margin

Structural low CNY 10.56shock / 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 +9.8%

Annualized volatility +58.0%

From structural high -34.1%

From structural low +22.5%

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	23	+1.5%-14.9% to +16.0%	+56.5%	+56.5%	+3.0%	+56.5%	Usable descriptive sample
Intermediate	11	-0.8%-15.3% to +199.2%	+45.5%	+45.5%	+4.2%	+27.3%	Usable descriptive sample
Extended	7	+11.2%-22.4% to +88.1%	+71.4%	+71.4%	-0.5%	+14.3%	Usable descriptive sample
Full cycle	4	+22.8%-35.0% to +144.1%	+75.0%	+75.0%	+15.3%	+25.0%	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.

000722 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