Weekly structural research ยท SHZ ยท Industrials

301000 Stage Analysis

Shanghai Hajime Advanced Material Technology Co., Ltd.

Week ending 9 Oct 2026Close CNY 22.58Tenure ExtendedBenchmark 399001.SZ
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Downward Expansion ยท 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: wide and expanding.
Direction -71โˆ’100 bearish to +100 bullish
Energy 62/100directional strength
Maturity 98/100lifecycle context
Confidence 95/100evidence agreement
Trend gate Downstructural direction
Activity structure Wideexpanding separation
Price acceptance -66.7%position within the Activity structure
Fair Value context -18.5%CNY 27.70 ยท weakening
Trend Architecture map ยท 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.
  • Upward ExpansionUptrend is established.
  • DecelerationUptrend is losing energy.
  • Rotation DownStructure is turning lower.
  • Downward ExpansionDowntrend is established.
View chart values ยท 156 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-10-0922.5828.14-24.386589737Downward Expansion-7162
2026-10-0223.4928.48-24.017641322Downward Expansion-6346
2026-09-2524.3928.87-24.7212665763Downward Expansion-5944
2026-09-1824.5729.33-27.1619262975Downward Expansion-6052
2026-09-1122.8529.83-32.6212560966Downward Expansion-6756
2026-09-0423.4530.41-32.043082000Downward Expansion-6650
2026-08-2824.1631.07-33.093085218Downward Expansion-6353
2026-08-2123.8931.61-35.562665578Downward Expansion-6459
2026-08-1425.5832.14-33.402803028Downward Expansion-6270
2026-08-0725.5732.61-34.314667487Downward Expansion-6172
2026-07-3124.0433.07-35.866453591Downward Expansion-6671
2026-07-2421.8933.51-43.326903776Downward Expansion-7364
2026-07-1725.7834.00-34.135242789Downward Expansion-6441
2026-07-1028.0234.42-35.748873329Downward Expansion-4822
2026-07-0335.5334.79-22.6015972411Downward Expansion-1912
2026-06-2630.8834.89-34.496631845Downward Expansion-4027
2026-06-1933.5535.08-30.9142206029Downward Expansion-3426
2026-06-1228.6235.26-37.754767499Downward Expansion-6033
2026-06-0532.0935.71-32.9211090648Downward Expansion-2821
2026-05-2930.5636.13-38.0651960488Downward Expansion-3330
2026-05-2235.9236.60-28.4376221297Downward Expansion-1424
2026-05-1538.5536.87-24.2298418636Downward Expansion-916
2026-05-0835.6137.15-31.0844321321Downward Expansion-3935
2026-05-0127.1737.62-46.7518374036Downward Expansion-7666
2026-04-2428.7038.30-44.2914427253Downward Expansion-7066
2026-04-1730.2839.05-41.6614756174Downward Expansion-6682
2026-04-1029.5239.82-41.4015286919Downward Expansion-6888
2026-04-0327.8040.32-41.4915615317Downward Expansion-8494
2026-03-2729.2840.90-40.8218027714Downward Expansion-8593
2026-03-2029.9541.52-40.4312357397Downward Expansion-8889
2026-03-1332.7842.09-37.0514705822Downward Expansion-8078
2026-03-0635.1942.51-32.2513766351Balance-7052
2026-02-2738.1242.76-28.4911203787Balance-4320
2026-02-1339.5042.99-24.2418048643Balance-2115
2026-02-0640.3543.23-21.7339877637Downward Expansion-2419
2026-01-3043.2243.35-18.3072519274Downward Expansion-1618
2026-01-2340.2643.38-25.3630873555Downward Expansion-3822
2026-01-1639.9543.61-25.4537306007Downward Expansion-4430
2026-01-0939.5543.67-25.3927255271Downward Expansion-4839
2026-01-0239.3743.82-22.6328729073Downward Expansion-6152
2025-12-2637.3744.06-26.7720393360Downward Expansion-6667
2025-12-1936.5144.28-25.8219852564Downward Expansion-7375
2025-12-1238.4044.60-22.5020040195Downward Expansion-6574
2025-12-0539.1745.01-20.1231169652Downward Expansion-6471
2025-11-2838.3745.43-20.5616109648Downward Expansion-6873
2025-11-2136.6445.90-21.0517186457Downward Expansion-7872
2025-11-1439.0646.49-19.6421762653Downward Expansion-7162
2025-11-0742.1646.47-13.9221489219Balance-5140
2025-10-3144.4946.29-8.2025661273Balance-1317
2025-10-2444.6646.21-6.2817410525Balance08
2025-10-1744.0146.14-2.2925340065Upward Expansion1811
2025-10-1046.9145.990.0313121500Upward Expansion4726
2025-10-0349.9945.616.4418423104Upward Expansion5350
2025-09-2647.5545.124.9633317521Upward Expansion5042
2025-09-1951.1944.6515.5681155984Upward Expansion5845
2025-09-1253.2644.2923.32112725706Balance6645
2025-09-0544.4443.697.2952070005Balance2715
2025-08-2945.2943.549.7445316964Balance3421
2025-08-2247.9143.2722.6449145922Balance4322
2025-08-1547.1042.9327.9238170731Balance3817
2025-08-0845.3442.3330.7153007932Balance1810
2025-08-0142.7841.8826.8625813528Deceleration127
2025-07-2544.8741.2232.8529483522Deceleration3015
2025-07-1846.6540.6043.5651100160Deceleration3618
2025-07-1144.0139.8740.6733811827Deceleration1910
2025-07-0444.0539.3045.7724382403Deceleration2915
2025-06-2747.2838.7361.3555534440Deceleration3517
2025-06-2041.7137.8550.7031149204Deceleration2719
2025-06-1343.9737.0559.9434990434Deceleration3419
2025-06-0646.5836.2071.9531403594Upward Expansion4026
2025-05-3044.0935.2168.9451300868Upward Expansion5538
2025-05-2346.1934.2479.3141573502Upward Expansion6052
2025-05-1650.7333.22100.9365531975Upward Expansion6273
2025-05-0951.7732.04111.7789553943Upward Expansion6971
2025-05-0252.2830.81125.5185087851Upward Expansion7458
2025-04-2554.3929.59142.07111151522Upward Expansion8355
2025-04-1838.4528.2579.7363653307Upward Expansion5438
2025-04-1136.8727.3675.2583789966Upward Expansion5743
2025-04-0441.9926.5093.7368122420Upward Expansion6448
2025-03-2842.6625.5197.6594838379Deceleration7149
2025-03-2139.5524.5186.85106445311Deceleration6441
2025-03-1435.3423.6066.4747223464Upward Expansion4739
2025-03-0735.3422.8671.7848290941Upward Expansion5846
2025-02-2833.5422.1270.0197892444Upward Expansion6252
2025-02-2140.2221.46100.72126640804Upward Expansion7368
2025-02-1435.3920.5785.3884715589Upward Expansion6779
2025-02-0739.8619.85117.4090905868Upward Expansion7986
2025-01-3137.1118.98117.0624688103Upward Expansion7982
2025-01-2437.7418.17123.73162097298Upward Expansion8766
2025-01-1729.2817.3880.70156342048Upward Expansion7057
2025-01-1031.8216.87107.3293545506Upward Expansion8563
2025-01-0322.8916.2651.0144345409Upward Expansion6556
2024-12-2726.1815.9261.9382330909Upward Expansion7179
2024-12-2024.9715.5056.7259105681Upward Expansion6982
2024-12-1326.8615.0969.97146119211Upward Expansion8588
2024-12-0626.8314.6971.50192512900Upward Expansion9288
2024-11-2921.0214.2338.9942034981Upward Expansion8682
2024-11-2217.7213.9620.3347707617Upward Expansion6958
2024-11-1518.4113.8122.2388441729Upward Expansion8066
2024-11-0816.9713.649.3358859871Upward Expansion7970
2024-11-0114.8013.452.3064431235Upward Expansion6165
2024-10-2515.7113.327.2636316663Upward Expansion7076
2024-10-1815.1913.176.7924393660Upward Expansion6455
2024-10-1114.7913.077.4941354247Upward Expansion5943
2024-10-0415.7913.0010.0715520927Upward Expansion5833
2024-09-2714.0712.889.1426738692Rotation Down-512
2024-09-2011.7712.818.058150942Rotation Down-3654
2024-09-1311.3412.785.7310075235Rotation Down-3752
2024-09-0612.0912.7211.1511263829Balance-2435
2024-08-3012.6512.6313.9012508726Balance615
2024-08-2312.4412.6114.9212047126Balance510
2024-08-1613.1012.5919.4511375683Upward Expansion3214
2024-08-0912.9112.5817.9819161069Upward Expansion3216
2024-08-0213.7312.5824.0127975206Upward Expansion5127
2024-07-2613.6612.6123.6528058233Upward Expansion5024
2024-07-1913.8012.5921.2625949646Upward Expansion5428
2024-07-1213.6412.5121.3225169459Upward Expansion5127
2024-07-0512.8512.4317.0626934372Upward Expansion5027
2024-06-2814.0712.4026.7751953816Upward Expansion5833
2024-06-2113.9512.3323.6937220583Upward Expansion5931
2024-06-1413.4912.2818.0621051107Upward Expansion5326
2024-06-0712.8312.2113.0222243601Upward Expansion5332
2024-05-3113.4512.1617.6925910374Upward Expansion5647
2024-05-2412.7012.0911.2055574110Upward Expansion5649
2024-05-1714.8912.0527.2679118418Upward Expansion7366
2024-05-1013.0911.9512.7437674193Balance5450
2024-05-0312.7411.9112.1018337530Balance4640
2024-04-2613.3211.8719.5062551654Balance5230
2024-04-1913.3311.8122.9777503152Balance2510
2024-04-1211.3111.775.8525559269Balance-4322
2024-04-0510.9811.79-0.059436224Balance-3515
2024-03-2911.1411.803.3917013209Balance-18
2024-03-2212.1111.8110.8523407470Balance1718
2024-03-1512.6611.7915.9120453255Balance1313
2024-03-0812.2211.7515.5028398461Downward Expansion-109
2024-03-0112.0511.7413.8950942439Downward Expansion-4842
2024-02-2310.8411.757.1721356663Downward Expansion-5853
2024-02-099.6211.84-1.7819275444Balance-7251
2024-02-029.3611.934.9715200864Balance-4735
2024-01-2611.8912.0323.3322411770Upward Expansion2713
2024-01-1911.9812.0325.0511698125Upward Expansion4849
2024-01-1212.8812.0432.5219441663Upward Expansion5566
2024-01-0512.9611.9932.9325086928Upward Expansion5664
2023-12-2914.5011.9343.7382365963Upward Expansion8271
2023-12-2213.1311.8235.9770104210Balance3226
2023-12-1511.3111.7516.2013898035Balance-4826
2023-12-0811.3611.7415.229305054Balance18
2023-12-0111.9611.7119.7813627164Balance3623
2023-11-2411.9111.6618.4613807451Balance2314
2023-11-1712.2711.6220.9123537304Balance3313
2023-11-1011.4811.5713.667025907Balance-1928
2023-11-0311.4511.5415.329776581Deceleration-1220
2023-10-2711.3211.5115.559076339Deceleration212
2023-10-2011.3511.4818.945618939Deceleration64
2023-10-1311.8811.4619.0111224644Deceleration3214
2023-09-2911.9211.4319.403951362Deceleration3015
Price vs TrendBelow-19.8%
Trend directionFalling-14.9%
Price vs current Fair ValueBelow anchor-18.5%
Fair Value directionMoving away-23.5%
Relative Strength vs benchmarkLagging-24.4%
Relative strength directionImproving+11.4%
Price momentumNegative-23.5%
Volume balanceSupply-led0.63ร—
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

-71 / ยฑ100

-4.0 points since 2026-09-11

Energy

62 /100

+5.5 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.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance10
Rotation Up29
Upward Expansion14
Deceleration42
Rotation Down49
Downward Expansion87

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 todayโ€™s regime

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

Balance 21%Upward Expansion 37%Deceleration 10%Rotation Down 2%Downward Expansion 30%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Downward Expansion2026-03-132026-10-09Extended-31.1%
Balance2026-02-132026-03-06New-10.9%
Downward Expansion2025-11-142026-02-06Established+3.3%
Balance2025-10-242025-11-07New-5.6%
Upward Expansion2025-09-192025-10-17Developing-14.0%
Balance2025-08-082025-09-12Developing+17.5%
Deceleration2025-06-132025-08-01Developing-2.7%
Upward Expansion2025-04-042025-06-06Developing+11.0%
Deceleration2025-03-212025-03-28New+7.9%
Upward Expansion2024-10-042025-03-14Established+123.8%
Rotation Down2024-09-132024-09-27New+24.1%
Balance2024-08-232024-09-06New-2.8%
Upward Expansion2024-05-172024-08-16Established-12.0%
Balance2024-03-152024-05-10Developing+3.4%
Classic Stage Analysis comparison
Stage 1 ยท Basing56
Stage 2 ยท Advancing0
Stage 3 ยท Distribution14
Stage 4 ยท Declining100

Legacy result: Stage 4 ยท Stage 4B ยท Declining. 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
93/100
Current Relative Strength
-24.38
Relative Strength direction
Improving
Price momentum
-23.5%
Excess performance vs benchmark
-11.8%
Industrials regime cohort
76th percentile428 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume0.56ร—

Latest completed volume relative to typical participation.

Up/down volume0.63ร—

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 2

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+0.0%

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.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity CNY 23.47falling
Slow Activity CNY 26.54falling
Trend Reference CNY 28.14-19.8% close margin
Current Fair Value CNY 27.70-18.5% close margin
Structural low CNY 21.25shock / 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 +77.3%
From structural high -54.8%
From structural low +6.3%
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 movePositive periodsDirectional follow-through Median excess vs 399001.SZ Regime survived Read
Near term14+1.2%-32.3% to +20.7%+64.3%+35.7%+0.6%+85.7%Usable descriptive sample
Intermediate5+1.1%-20.2% to +17.2%+60.0%+40.0%-5.6%+40.0%Usable descriptive sample
Extended3+14.7%-8.0% to +28.1%+66.7%+33.3%+24.5%+33.3%Too little matched history
Full cycle2+152.6%+34.0% to +271.1%+100.0%+0.0%+151.1%+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.

Evidence context