Weekly structural research · SHZ · Basic Materials

300192 Stage Analysis

Suzhou Kingswood Education Technology Co., Ltd.

Week ending 2 Oct 2026Close CNY 23.42Tenure NewBenchmark 399001.SZ

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Upward Expansion · Early expansion

The weekly architecture is expanding upward.

Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing.

The Trend gate is up within the current regime.
Fast Activity versus Slow Activity: improving.
Activity structure: wide and expanding.

Direction 84−100 bearish to +100 bullish

Energy 91/100directional strength

Maturity 28/100lifecycle context

Confidence 78/100evidence agreement

Trend gate Upstructural direction

Activity structure Wideexpanding separation

Price acceptance +100.0%position within the Activity structure

Fair Value context +114.0%CNY 10.94 · 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	23.42	14.39	77.36	129370025	Upward Expansion	84	91
2026-09-25	25.31	14.08	88.21	152505920	Upward Expansion	97	97
2026-09-18	18.52	13.74	36.65	76233185	Upward Expansion	77	91
2026-09-11	17.48	13.62	31.34	77221397	Upward Expansion	70	88
2026-09-04	18.66	13.51	40.24	143489394	Rotation Up	89	94
2026-08-28	17.38	13.37	26.93	25699370	Rotation Up	51	74
2026-08-21	15.96	13.34	15.36	33983013	Downward Expansion	43	45
2026-08-14	14.67	13.35	4.22	12046143	Downward Expansion	-1	13
2026-08-07	13.08	13.40	-6.73	10849800	Downward Expansion	-34	26
2026-07-31	12.51	13.47	-6.20	34153552	Downward Expansion	-59	45
2026-07-24	10.16	13.55	-25.04	6325120	Downward Expansion	-79	61
2026-07-17	10.28	13.71	-24.16	11508978	Downward Expansion	-81	54
2026-07-10	11.34	13.83	-24.13	58609477	Downward Expansion	-71	45
2026-07-03	13.09	13.93	-15.90	89935468	Downward Expansion	-60	44
2026-06-26	11.76	14.03	-25.49	66978568	Downward Expansion	-67	76
2026-06-19	11.86	14.10	-26.36	45895194	Downward Expansion	-67	77
2026-06-12	11.52	14.13	-23.79	59256582	Downward Expansion	-75	79
2026-06-05	12.11	14.16	-22.13	54302015	Downward Expansion	-70	71
2026-05-29	12.01	14.19	-24.46	49334518	Balance	-71	59
2026-05-22	13.08	14.20	-18.44	59555952	Balance	-55	30
2026-05-15	13.69	14.17	-14.75	82229962	Balance	-7	5
2026-05-08	14.35	14.14	-11.03	42366800	Balance	2	10
2026-05-01	14.06	14.11	-10.48	47930593	Balance	-4	9
2026-04-24	13.84	14.10	-11.25	71795411	Balance	-9	8
2026-04-17	14.64	14.10	-6.05	69091120	Rotation Down	-7	11
2026-04-10	13.90	14.07	-7.35	56456978	Rotation Down	-20	35
2026-04-03	12.99	14.08	-7.47	41485300	Rotation Down	-25	45
2026-03-27	13.33	14.16	-8.04	72789277	Rotation Down	-21	36
2026-03-20	13.06	14.23	-10.86	41689480	Balance	-25	28
2026-03-13	13.68	14.21	-9.77	52446235	Balance	2	9
2026-03-06	14.12	14.12	-6.63	70256932	Upward Expansion	20	15
2026-02-27	15.19	14.03	-2.13	61968461	Upward Expansion	31	19
2026-02-13	14.71	13.90	-3.05	70815597	Upward Expansion	33	17
2026-02-06	14.24	13.77	-5.49	62717248	Upward Expansion	38	22
2026-01-30	14.56	13.65	-5.61	102840809	Upward Expansion	57	38
2026-01-23	16.27	13.50	3.62	135246158	Upward Expansion	65	52
2026-01-16	16.41	13.30	5.67	325766320	Upward Expansion	70	56
2026-01-09	16.13	13.08	5.08	217219927	Upward Expansion	70	51
2026-01-02	15.09	12.89	2.80	107594592	Upward Expansion	61	41
2025-12-26	15.14	12.74	2.64	129551825	Upward Expansion	63	42
2025-12-19	14.94	12.59	4.80	186457601	Upward Expansion	63	64
2025-12-12	13.77	12.48	-4.46	171617852	Upward Expansion	55	61
2025-12-05	14.26	12.38	-0.20	242853136	Upward Expansion	56	64
2025-11-28	16.23	12.27	15.18	390165690	Deceleration	80	68
2025-11-21	13.66	12.10	0.99	178738856	Deceleration	40	20
2025-11-14	12.89	12.01	-9.35	168571142	Deceleration	15	10
2025-11-07	12.51	11.93	-13.30	76474908	Deceleration	13	14
2025-10-31	12.87	11.87	-10.74	107809935	Deceleration	24	19
2025-10-24	12.48	11.82	-12.82	79290157	Deceleration	26	21
2025-10-17	12.15	11.80	-11.39	128179746	Deceleration	27	19
2025-10-10	12.85	11.80	-10.98	48727207	Deceleration	37	23
2025-10-03	13.32	11.81	-8.76	79058294	Deceleration	43	31
2025-09-26	13.86	11.81	-2.63	230730775	Upward Expansion	56	42
2025-09-19	13.78	11.77	-1.91	180799234	Upward Expansion	62	54
2025-09-12	13.78	11.80	-0.47	183859569	Rotation Up	64	80
2025-09-05	14.02	11.84	4.31	279736887	Rotation Up	39	73
2025-08-29	15.50	11.79	14.71	545160034	Rotation Up	63	82
2025-08-22	15.34	11.65	19.06	205804201	Rotation Up	57	75
2025-08-15	12.55	11.52	2.49	209781208	Balance	39	36
2025-08-08	10.98	11.48	-6.03	92771280	Balance	-10	17
2025-08-01	11.37	11.47	-1.47	128888477	Downward Expansion	-13	17
2025-07-25	11.31	11.43	-3.34	130196303	Downward Expansion	-25	16
2025-07-18	10.87	11.47	-4.45	92115383	Downward Expansion	-41	27
2025-07-11	10.47	11.55	-5.72	63998215	Downward Expansion	-57	53
2025-07-04	10.22	11.56	-5.85	140176933	Downward Expansion	-58	57
2025-06-27	10.28	11.58	-3.66	55785072	Downward Expansion	-59	61
2025-06-20	9.80	11.57	-4.36	50754292	Downward Expansion	-74	66
2025-06-13	10.30	11.56	-0.30	70728975	Downward Expansion	-64	44
2025-06-06	10.79	11.58	4.34	45669181	Deceleration	-28	25
2025-05-30	10.68	11.59	5.38	98768781	Deceleration	-29	21
2025-05-23	11.51	11.57	13.11	181401640	Deceleration	-13	14
2025-05-16	10.65	11.57	4.99	67698092	Deceleration	-31	25
2025-05-09	11.10	11.56	10.55	78187666	Rotation Down	-17	25
2025-05-02	11.00	11.48	12.87	44644159	Rotation Down	-19	33
2025-04-25	11.03	11.43	13.76	127230833	Rotation Down	-19	31
2025-04-18	10.65	11.34	12.14	108396226	Deceleration	-24	29
2025-04-11	10.65	11.22	12.37	158232038	Deceleration	-5	18
2025-04-04	11.44	11.10	15.41	52753902	Deceleration	16	17
2025-03-28	11.61	10.97	15.17	70194320	Deceleration	28	15
2025-03-21	12.33	10.85	21.98	112397849	Upward Expansion	39	23
2025-03-14	13.00	10.69	26.11	108144466	Upward Expansion	54	38
2025-03-07	13.56	10.52	34.53	159450498	Upward Expansion	58	60
2025-02-28	12.64	10.34	29.53	215122805	Upward Expansion	60	65
2025-02-21	14.66	10.19	46.59	296432727	Upward Expansion	75	74
2025-02-14	14.96	9.91	55.12	442826896	Upward Expansion	81	69
2025-02-07	12.48	9.64	34.00	190876869	Deceleration	63	37
2025-01-31	11.15	9.43	26.30	32039154	Deceleration	39	22
2025-01-24	11.69	9.27	31.80	208405744	Deceleration	45	21
2025-01-17	11.31	9.11	30.43	167289403	Upward Expansion	43	25
2025-01-10	10.46	8.97	26.32	157077517	Upward Expansion	54	36
2025-01-03	10.22	8.86	23.20	174661976	Upward Expansion	57	41
2024-12-27	12.48	8.75	40.74	317409657	Upward Expansion	67	62
2024-12-20	13.29	8.58	51.61	423662778	Upward Expansion	80	52
2024-12-13	10.75	8.37	23.17	190705903	Upward Expansion	58	35
2024-12-06	10.94	8.26	24.95	166011380	Upward Expansion	54	35
2024-11-29	9.95	8.13	16.33	117706040	Upward Expansion	46	35
2024-11-22	9.58	8.05	14.52	160283362	Upward Expansion	59	44
2024-11-15	10.96	7.97	27.83	255816905	Upward Expansion	67	73
2024-11-08	10.92	7.82	23.74	205546134	Upward Expansion	71	80
2024-11-01	10.05	7.68	22.47	295368268	Upward Expansion	64	74
2024-10-25	11.65	7.59	40.92	290392140	Upward Expansion	83	82
2024-10-18	10.24	7.47	28.37	240016575	Upward Expansion	73	72
2024-10-11	8.80	7.38	14.65	232687214	Upward Expansion	56	53
2024-10-04	9.46	7.31	18.40	89990521	Upward Expansion	70	45
2024-09-27	8.37	7.22	16.75	218756090	Upward Expansion	45	19
2024-09-20	7.04	7.17	16.41	52400964	Upward Expansion	25	11
2024-09-13	7.03	7.13	18.31	130871033	Upward Expansion	30	15
2024-09-06	7.61	7.06	26.37	187586634	Upward Expansion	51	33
2024-08-30	8.02	6.96	30.57	173087387	Upward Expansion	56	55
2024-08-23	7.45	6.90	24.74	189844969	Upward Expansion	52	40
2024-08-16	7.89	6.85	30.31	181830731	Balance	54	44
2024-08-09	8.30	6.80	37.27	481968468	Balance	60	34
2024-08-02	8.00	6.74	30.92	296593907	Balance	44	16
2024-07-26	6.27	6.69	2.52	88611856	Balance	-24	38
2024-07-19	6.75	6.70	6.65	83652069	Balance	-12	24
2024-07-12	6.27	6.74	-0.24	50206990	Balance	-23	30
2024-07-05	6.45	6.78	4.36	58886683	Balance	3	7
2024-06-28	6.81	6.82	8.20	60135794	Upward Expansion	24	13
2024-06-21	7.09	6.82	9.79	82891415	Upward Expansion	33	14
2024-06-14	7.26	6.81	9.74	52808065	Upward Expansion	38	16
2024-06-07	6.78	6.80	2.20	67031481	Upward Expansion	33	16
2024-05-31	7.31	6.78	8.41	73512110	Upward Expansion	52	31
2024-05-24	7.15	6.74	5.17	108642325	Upward Expansion	50	33
2024-05-17	7.38	6.72	4.97	106243048	Upward Expansion	54	35
2024-05-10	7.17	6.69	0.92	71290986	Upward Expansion	38	19
2024-05-03	7.52	6.67	7.19	36001560	Upward Expansion	46	20
2024-04-26	7.16	6.63	3.31	94095610	Upward Expansion	40	18
2024-04-19	6.32	6.60	-6.79	95411169	Upward Expansion	32	20
2024-04-12	6.75	6.62	0.33	63818623	Upward Expansion	59	53
2024-04-05	7.56	6.62	9.18	49215969	Rotation Up	65	66
2024-03-29	7.77	6.60	14.82	107496734	Rotation Up	36	50
2024-03-22	7.70	6.57	12.75	220902502	Downward Expansion	25	32
2024-03-15	6.82	6.56	0.23	108962016	Downward Expansion	-12	21
2024-03-08	6.72	6.59	1.81	179275882	Downward Expansion	-26	14
2024-03-01	6.65	6.63	0.76	224605315	Downward Expansion	-49	36
2024-02-23	6.02	6.68	-4.36	182024511	Downward Expansion	-63	67
2024-02-09	4.74	6.73	-22.15	91619886	Downward Expansion	-83	83
2024-02-02	4.84	6.83	-12.58	61992784	Downward Expansion	-87	80
2024-01-26	6.08	6.95	1.47	62167831	Downward Expansion	-65	64
2024-01-19	6.07	7.03	1.94	56195015	Balance	-64	52
2024-01-12	6.31	7.14	4.26	59225467	Balance	-48	36
2024-01-05	6.40	7.26	5.10	63712001	Balance	-42	24
2023-12-29	6.66	7.37	5.40	65577501	Balance	-19	12
2023-12-22	6.63	7.47	9.11	140321352	Balance	-13	20
2023-12-15	7.75	7.56	26.11	365419829	Balance	10	26
2023-12-08	7.63	7.64	23.50	260766492	Balance	8	22
2023-12-01	7.47	7.78	20.23	114765870	Downward Expansion	-1	14
2023-11-24	6.78	7.84	8.94	129090084	Downward Expansion	-36	22
2023-11-17	7.04	7.93	12.52	141535450	Downward Expansion	-42	31
2023-11-10	6.72	7.97	8.56	124492612	Downward Expansion	-58	46
2023-11-03	6.39	7.97	5.49	91713332	Downward Expansion	-62	53
2023-10-27	6.16	7.97	3.46	160838034	Downward Expansion	-70	56
2023-10-20	6.32	7.97	9.33	104324780	Downward Expansion	-68	57
2023-10-13	6.55	7.95	9.00	80994200	Downward Expansion	-65	72
2023-09-29	6.48	7.92	8.60	34372247	Downward Expansion	-68	79
2023-09-22	6.38	7.91	7.28	58508338	Rotation Down	-74	81

Price vs TrendAbove+62.7%

Trend directionRising+6.2%

Price vs current Fair ValuePremium+114.0%

Fair Value directionClosing upward+86.1%

Relative Strength vs benchmarkLeading+77.4%

Relative strength directionImproving+93.3%

Price momentumPositive+80.4%

Volume balanceDemand-led1.73×

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

84 / ±100

-4.9 points since 2026-09-04

Energy

91 /100

-3.0 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.

300192 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance11

Rotation Up87

Upward Expansion99

Deceleration40

Rotation Down8

Downward Expansion21

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 15%Rotation Up 5%Upward Expansion 38%Deceleration 13%Rotation Down 5%Downward Expansion 24%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Upward Expansion	2026-09-11	2026-10-02	New	+34.0%
Rotation Up	2026-08-28	2026-09-04	New	+7.4%
Downward Expansion	2026-06-05	2026-08-21	Developing	+31.7%
Balance	2026-04-24	2026-05-29	Developing	-13.2%
Rotation Down	2026-03-27	2026-04-17	New	+9.8%
Balance	2026-03-13	2026-03-20	New	-4.5%
Upward Expansion	2025-12-05	2026-03-06	Established	-1.0%
Deceleration	2025-10-03	2025-11-28	Developing	+21.8%
Upward Expansion	2025-09-19	2025-09-26	New	+0.6%
Rotation Up	2025-08-22	2025-09-12	New	-10.2%
Balance	2025-08-08	2025-08-15	New	+14.3%
Downward Expansion	2025-06-13	2025-08-01	Developing	+10.4%
Deceleration	2025-05-16	2025-06-06	New	+1.3%
Rotation Down	2025-04-25	2025-05-09	New	+0.6%

Classic Stage Analysis comparison

Stage 1 · Basing24

Stage 2 · Advancing100

Stage 3 · Distribution48

Stage 4 · Declining0

Legacy result: Stage 2 · Stage 2C · Late advance. 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: 95/100
Current Relative Strength: 77.36
Relative Strength direction: Improving
Price momentum: +80.4%
Excess performance vs benchmark: +83.8%
Basic Materials regime cohort: 95th percentile19 in cohort

Test 300192 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume2.16×

Latest completed volume relative to typical participation.

Up/down volume1.73×

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 2

Recent participation evidence classified by demand and supply.

Activity alignment+100.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

Current relationship between Fast Activity and Slow Activity.

Structure stability+37.5%

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 300192 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity CNY 21.83rising

Slow Activity CNY 15.44rising

Trend Reference CNY 14.39+62.7% close margin

Current Fair Value CNY 10.94+114.0% close margin

Structural low CNY 10.15shock / repair context

What changes the read?

Sustained fan recompression, a fast-line rollover or repeated closes inside/below the fan move the read toward Deceleration or Rotation Down.

Range context +10.2%

Annualized volatility +69.8%

From structural high -11.5%

From structural low +130.7%

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	24	-2.3%-22.9% to +45.4%	+41.7%	+41.7%	+0.5%	+75.0%	Usable descriptive sample
Intermediate	9	+7.0%-28.0% to +86.1%	+55.6%	+55.6%	+1.1%	+55.6%	Usable descriptive sample
Extended	5	+20.9%-21.8% to +99.2%	+60.0%	+60.0%	+21.5%	+40.0%	Usable descriptive sample
Full cycle	3	+57.8%+55.7% to +83.7%	+100.0%	+100.0%	+68.8%	+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.

300192 Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding upward.

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

The weekly architecture is expanding upward.

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