Weekly structural research · SHZ · Industrials

300045 Stage Analysis

Hwa Create Corporation

Week ending 2 Oct 2026Close CNY 11.09Tenure EstablishedBenchmark 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: wide and contracting.

Direction -77−100 bearish to +100 bullish

Energy 69/100directional strength

Maturity 87/100lifecycle context

Confidence 96/100evidence agreement

Trend gate Downstructural direction

Activity structure Widecontracting separation

Price acceptance -100.0%position within the Activity structure

Fair Value context -46.9%CNY 20.89 · 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	11.09	17.45	-41.78	38192234	Downward Expansion	-77	69
2026-09-25	11.66	17.92	-41.35	59496150	Downward Expansion	-71	68
2026-09-18	11.65	18.43	-43.40	49295146	Downward Expansion	-73	68
2026-09-11	11.81	18.93	-42.66	56593853	Downward Expansion	-73	74
2026-09-04	12.10	19.43	-42.14	11149783	Downward Expansion	-74	82
2026-08-28	12.37	19.93	-43.52	11617634	Downward Expansion	-74	84
2026-08-21	12.75	20.54	-42.97	9444702	Downward Expansion	-69	80
2026-08-14	13.31	21.12	-42.15	10997200	Downward Expansion	-65	85
2026-08-07	13.52	21.71	-41.82	17874872	Downward Expansion	-67	86
2026-07-31	12.45	22.22	-44.14	24429934	Downward Expansion	-81	89
2026-07-24	11.46	22.73	-49.77	49257514	Downward Expansion	-93	86
2026-07-17	14.44	23.17	-37.04	19722064	Downward Expansion	-87	72
2026-07-10	17.70	23.50	-30.24	45621362	Downward Expansion	-66	66
2026-07-03	17.70	23.70	-33.16	25237239	Downward Expansion	-69	85
2026-06-26	16.82	23.86	-37.68	27313238	Downward Expansion	-81	91
2026-06-19	18.25	24.01	-33.95	70313535	Downward Expansion	-73	88
2026-06-12	18.23	24.15	-29.80	19797045	Downward Expansion	-79	86
2026-06-05	19.06	24.35	-28.73	29593257	Downward Expansion	-77	69
2026-05-29	18.70	24.50	-31.65	118077846	Downward Expansion	-77	44
2026-05-22	22.45	24.62	-18.53	141312701	Downward Expansion	-40	21
2026-05-15	24.24	24.58	-12.16	218969691	Downward Expansion	-36	21
2026-05-08	23.62	24.51	-14.67	71511277	Rotation Down	-42	29
2026-05-01	22.36	24.49	-16.98	73602009	Rotation Down	-29	30
2026-04-24	22.25	24.46	-16.65	122892023	Rotation Down	-33	49
2026-04-17	23.10	24.46	-13.39	115095058	Rotation Down	-34	53
2026-04-10	21.73	24.51	-15.47	60235130	Rotation Down	-28	58
2026-04-03	21.00	24.55	-12.74	76355409	Rotation Down	-35	59
2026-03-27	21.47	24.73	-13.63	88845029	Deceleration	-33	42
2026-03-20	22.47	24.72	-10.66	82064304	Deceleration	-27	27
2026-03-13	23.66	24.65	-9.04	107718615	Deceleration	7	16
2026-03-06	25.24	24.62	-2.56	189815288	Deceleration	24	19
2026-02-27	27.11	24.45	2.08	94243898	Deceleration	35	23
2026-02-13	26.43	24.18	2.18	117045096	Upward Expansion	41	24
2026-02-06	26.82	23.92	5.03	153825901	Upward Expansion	57	38
2026-01-30	27.13	23.65	3.97	281754196	Upward Expansion	63	51
2026-01-23	30.85	23.36	16.41	329596293	Upward Expansion	72	79
2026-01-16	29.92	22.95	14.47	658166329	Upward Expansion	71	81
2026-01-09	31.18	22.54	20.81	621565507	Upward Expansion	89	90
2026-01-02	28.91	22.10	17.32	337414193	Upward Expansion	84	83
2025-12-26	27.56	21.73	11.43	496211997	Upward Expansion	79	74
2025-12-19	24.77	21.41	3.61	378748387	Balance	63	55
2025-12-12	24.15	21.17	-0.20	343486644	Balance	58	31
2025-12-05	23.91	20.97	-0.89	260674286	Balance	56	25
2025-11-28	22.43	20.79	-6.32	220894887	Balance	25	14
2025-11-21	21.42	20.61	-7.91	146012413	Upward Expansion	42	23
2025-11-14	22.45	20.46	-9.07	177573226	Upward Expansion	50	31
2025-11-07	24.13	20.28	-4.36	203365092	Deceleration	61	34
2025-10-31	23.40	20.07	-7.81	201361224	Deceleration	46	24
2025-10-24	22.58	19.91	-11.05	105471357	Deceleration	37	19
2025-10-17	21.12	19.80	-13.76	108967336	Deceleration	35	20
2025-10-10	22.27	19.78	-14.50	53605441	Upward Expansion	39	22
2025-10-03	22.81	19.78	-13.85	62150586	Upward Expansion	44	30
2025-09-26	21.49	19.74	-17.18	116534268	Upward Expansion	56	38
2025-09-19	22.27	19.73	-13.52	180656547	Upward Expansion	61	53
2025-09-12	24.50	19.72	-4.03	347982603	Upward Expansion	72	73
2025-09-05	23.06	19.60	-7.32	334120839	Upward Expansion	63	66
2025-08-29	26.26	19.53	4.52	516099577	Rotation Up	93	90
2025-08-22	21.23	19.27	-11.74	158884616	Rotation Up	41	66
2025-08-15	20.58	19.21	-10.77	217729606	Rotation Up	35	62
2025-08-08	22.47	19.19	1.62	295027354	Rotation Up	52	68
2025-08-01	20.42	19.06	-6.50	223064073	Balance	35	40
2025-07-25	18.82	19.02	-15.40	53723728	Balance	-8	13
2025-07-18	18.75	19.14	-14.06	52540316	Balance	-11	14
2025-07-11	18.52	19.28	-13.58	59839160	Balance	-21	13
2025-07-04	18.61	19.50	-11.82	106241156	Deceleration	-33	17
2025-06-27	18.53	19.70	-11.25	84841338	Deceleration	-38	23
2025-06-20	17.63	19.90	-12.58	67218571	Deceleration	-45	30
2025-06-13	17.80	20.14	-12.91	87287064	Downward Expansion	-42	31
2025-06-06	18.01	20.42	-12.58	38710468	Downward Expansion	-43	31
2025-05-30	17.96	20.78	-11.71	54409043	Downward Expansion	-45	31
2025-05-23	17.50	21.03	-14.95	43058124	Downward Expansion	-62	42
2025-05-16	18.18	21.41	-12.23	82262521	Downward Expansion	-60	46
2025-05-09	18.50	21.74	-10.41	91885348	Downward Expansion	-64	65
2025-05-02	17.14	21.81	-15.25	29904054	Downward Expansion	-68	80
2025-04-25	16.76	21.96	-17.57	51192930	Downward Expansion	-77	85
2025-04-18	17.09	22.01	-15.19	59099909	Downward Expansion	-76	82
2025-04-11	17.75	21.97	-12.74	130721284	Downward Expansion	-74	74
2025-04-04	18.82	21.90	-12.60	39705614	Downward Expansion	-68	59
2025-03-28	19.05	21.80	-14.10	59127415	Balance	-62	32
2025-03-21	20.69	21.72	-8.04	91899756	Balance	-6	9
2025-03-14	22.17	21.58	-4.53	156727361	Balance	7	15
2025-03-07	21.50	21.40	-6.72	118243738	Balance	-2	14
2025-02-28	21.32	21.25	-5.83	211186712	Balance	-6	16
2025-02-21	21.88	21.14	-7.05	135916892	Rotation Down	-12	13
2025-02-14	21.11	21.00	-8.47	110793722	Rotation Down	-12	23
2025-02-07	20.76	20.87	-8.35	77553034	Rotation Down	-24	48
2025-01-31	18.60	20.77	-14.49	12498492	Rotation Down	-32	63
2025-01-24	19.27	20.71	-12.89	73462508	Rotation Down	-27	58
2025-01-17	20.03	20.66	-8.59	79816868	Deceleration	-20	44
2025-01-10	18.65	20.58	-11.86	72609411	Deceleration	-28	31
2025-01-03	19.11	20.56	-10.87	76013387	Deceleration	-4	14
2024-12-27	22.37	20.52	-3.67	86728691	Deceleration	30	18
2024-12-20	23.21	20.41	-0.23	102603537	Deceleration	34	19
2024-12-13	24.93	20.24	6.41	142519344	Deceleration	39	24
2024-12-06	24.81	20.06	5.09	131422319	Deceleration	42	29
2024-11-29	24.49	19.89	5.35	130479871	Upward Expansion	47	39
2024-11-22	24.89	19.75	8.60	173145309	Upward Expansion	60	49
2024-11-15	26.10	19.61	10.36	249941669	Upward Expansion	65	68
2024-11-08	28.86	19.42	17.21	340363973	Upward Expansion	78	89
2024-11-01	25.25	19.15	9.40	423452506	Upward Expansion	67	84
2024-10-25	29.02	19.11	23.26	574476031	Rotation Up	89	94
2024-10-18	28.09	18.94	22.52	746758913	Rotation Up	63	71
2024-10-11	20.62	18.79	-7.86	309550896	Rotation Up	30	35
2024-10-04	21.59	18.92	-8.31	85313771	Rotation Up	15	21
2024-09-27	18.28	18.95	-14.58	177161083	Downward Expansion	-34	27
2024-09-20	15.90	19.11	-13.01	42816661	Downward Expansion	-63	59
2024-09-13	15.48	19.24	-14.98	57422293	Downward Expansion	-72	66
2024-09-06	16.03	19.24	-13.10	125395520	Downward Expansion	-66	60
2024-08-30	16.50	19.23	-12.21	83675552	Downward Expansion	-61	51
2024-08-23	16.54	19.33	-9.50	85161467	Downward Expansion	-63	42
2024-08-16	16.71	19.44	-9.56	77574901	Downward Expansion	-61	38
2024-08-09	17.03	19.53	-7.48	177001933	Downward Expansion	-51	33
2024-08-02	18.06	19.64	-2.78	194807025	Downward Expansion	-44	31
2024-07-26	17.74	19.85	-4.04	113716266	Downward Expansion	-58	42
2024-07-19	17.29	20.01	-8.85	146595416	Downward Expansion	-63	54
2024-07-12	17.55	20.15	-6.22	84918194	Downward Expansion	-62	57
2024-07-05	16.96	20.32	-6.93	80217741	Downward Expansion	-69	60
2024-06-28	17.65	20.54	-4.00	123617820	Downward Expansion	-65	61
2024-06-21	17.63	20.80	-5.52	112704136	Downward Expansion	-67	61
2024-06-14	18.11	21.08	-4.08	90376729	Downward Expansion	-65	63
2024-06-07	17.76	21.39	-5.10	114344710	Downward Expansion	-70	63
2024-05-31	19.08	21.67	1.73	121587615	Downward Expansion	-60	57
2024-05-24	18.19	21.98	-2.53	129295481	Downward Expansion	-69	59
2024-05-17	19.53	22.19	2.74	103748462	Balance	-58	45
2024-05-10	19.68	22.64	4.59	199874267	Balance	-47	33
2024-05-03	20.37	22.88	11.30	88176384	Balance	-40	28
2024-04-26	20.81	23.12	16.82	194294091	Balance	-34	21
2024-04-19	20.17	23.34	17.19	245016313	Balance	-32	15
2024-04-12	20.94	23.64	24.09	191369788	Rotation Up	-10	14
2024-04-05	24.02	23.41	39.72	184454148	Rotation Up	23	31
2024-03-29	23.94	22.97	43.89	257481489	Rotation Up	21	29
2024-03-22	23.57	22.54	41.79	391599951	Balance	17	28
2024-03-15	24.54	22.09	49.75	397257537	Balance	23	28
2024-03-08	22.48	21.63	43.73	419456884	Rotation Down	-3	10
2024-03-01	22.95	21.22	48.63	531401783	Rotation Down	-11	22
2024-02-23	19.82	20.82	36.34	379262427	Rotation Down	-37	58
2024-02-09	15.67	20.54	12.91	187248979	Rotation Down	-53	73
2024-02-02	15.72	20.40	25.67	181711082	Rotation Down	-47	67
2024-01-26	19.45	20.26	45.43	234159350	Deceleration	-28	53
2024-01-19	19.78	19.99	50.62	250080031	Deceleration	-7	34
2024-01-12	19.44	19.71	47.76	169743787	Deceleration	-7	23
2024-01-05	20.38	19.43	56.08	214048493	Deceleration	0	10
2023-12-29	24.33	19.11	82.35	430647948	Deceleration	14	14
2023-12-22	22.53	18.63	79.22	208142103	Deceleration	13	16
2023-12-15	21.37	18.20	71.44	149904673	Deceleration	24	19
2023-12-08	22.63	17.77	82.67	170117510	Deceleration	32	18
2023-12-01	23.81	17.30	93.88	197942041	Deceleration	38	23
2023-11-24	25.20	16.78	108.39	325754530	Deceleration	41	29
2023-11-17	26.26	16.22	120.65	322349380	Upward Expansion	46	36
2023-11-10	27.18	15.65	135.83	513670105	Upward Expansion	48	39
2023-11-03	26.28	15.07	139.04	393241828	Upward Expansion	62	52
2023-10-27	28.40	14.52	169.91	716443222	Upward Expansion	67	60
2023-10-20	24.41	13.92	146.93	584130391	Upward Expansion	67	66
2023-10-13	33.07	13.44	229.96	982222113	Upward Expansion	89	94
2023-09-29	26.95	12.62	182.14	633013370	Upward Expansion	71	90
2023-09-22	27.60	12.00	199.25	901076986	Upward Expansion	87	95

Price vs TrendBelow-36.4%

Trend directionFalling-23.2%

Price vs current Fair ValueBelow anchor-46.9%

Fair Value directionMoving away-31.3%

Relative Strength vs benchmarkLagging-41.8%

Relative strength directionWeakening-8.6%

Price momentumNegative-47.2%

Volume balanceSupply-led0.40×

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

-77 / ±100

-3.1 points since 2026-09-04

Energy

69 /100

-12.3 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.

300045 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance1

Rotation Up29

Upward Expansion12

Deceleration54

Rotation Down64

Downward Expansion90

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 13%Rotation Up 7%Upward Expansion 19%Deceleration 19%Rotation Down 10%Downward Expansion 33%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-05-15	2026-10-02	Established	-54.2%
Rotation Down	2026-04-03	2026-05-08	Developing	+12.5%
Deceleration	2026-02-27	2026-03-27	Developing	-20.8%
Upward Expansion	2025-12-26	2026-02-13	Developing	-4.1%
Balance	2025-11-28	2025-12-19	New	+10.4%
Upward Expansion	2025-11-14	2025-11-21	New	-4.6%
Deceleration	2025-10-17	2025-11-07	New	+14.3%
Upward Expansion	2025-09-05	2025-10-10	Developing	-3.4%
Rotation Up	2025-08-08	2025-08-29	New	+16.9%
Balance	2025-07-11	2025-08-01	New	+10.3%
Deceleration	2025-06-20	2025-07-04	New	+5.6%
Downward Expansion	2025-04-04	2025-06-13	Developing	-5.4%
Balance	2025-02-28	2025-03-28	Developing	-10.6%
Rotation Down	2025-01-24	2025-02-21	Developing	+13.5%

Classic Stage Analysis comparison

Stage 1 · Basing53

Stage 2 · Advancing0

Stage 3 · Distribution17

Stage 4 · Declining100

Legacy result: Stage 4 · Stage 4B · 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: 98/100
Current Relative Strength: -41.78
Relative Strength direction: Weakening
Price momentum: -47.2%
Excess performance vs benchmark: -43.7%
Industrials regime cohort: 71th percentile447 in cohort

Test 300045 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.91×

Latest completed volume relative to typical participation.

Up/down volume0.40×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 3

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.

Explore 300045 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity CNY 11.52falling

Slow Activity CNY 15.06falling

Trend Reference CNY 17.45-36.4% close margin

Current Fair Value CNY 20.89-46.9% close margin

Structural low CNY 11.04shock / 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 +11.2%

Annualized volatility +56.7%

From structural high -71.3%

From structural low +0.5%

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	22	-3.0%-24.8% to +33.2%	+40.9%	+59.1%	-1.6%	+81.8%	Usable descriptive sample
Intermediate	8	-6.6%-45.1% to +50.5%	+25.0%	+75.0%	-0.5%	+50.0%	Usable descriptive sample
Extended	4	+21.8%-23.3% to +36.8%	+75.0%	+25.0%	+5.1%	+0.0%	Too little matched history
Full cycle	3	+6.6%-3.8% to +6.9%	+66.7%	+33.3%	-11.3%	+66.7%	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.

300045 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