Weekly structural research · SHH · Utilities

601619 Stage Analysis

Jiaze Renewables Corporation Limited

Week ending 9 Oct 2026Close CNY 3.97Tenure EstablishedBenchmark 000001.SS

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 expanding.

Direction -66−100 bearish to +100 bullish

Energy 64/100directional strength

Maturity 46/100lifecycle context

Confidence 96/100evidence agreement

Trend gate Downstructural direction

Activity structure Wideexpanding separation

Price acceptance -83.3%position within the Activity structure

Fair Value context +3.1%CNY 3.85 · 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
2026-10-09	3.97	4.78	-15.57	50270519	Downward Expansion	-66	64
2026-10-02	3.89	4.87	-18.33	96357624	Downward Expansion	-77	68
2026-09-25	3.91	4.96	-19.42	104325015	Downward Expansion	-79	69
2026-09-18	4.11	5.06	-16.08	188483727	Downward Expansion	-68	69
2026-09-11	4.13	5.12	-15.40	128498578	Downward Expansion	-67	74
2026-09-04	4.16	5.19	-15.69	59061124	Downward Expansion	-67	72
2026-08-28	4.13	5.24	-16.67	29268060	Downward Expansion	-71	60
2026-08-21	4.08	5.28	-16.64	28929322	Downward Expansion	-66	48
2026-08-14	4.32	5.32	-12.20	96427717	Downward Expansion	-52	39
2026-08-07	4.67	5.34	-5.34	30776311	Downward Expansion	-49	43
2026-07-31	4.63	5.33	-3.29	33150292	Downward Expansion	-63	55
2026-07-24	4.44	5.32	-6.59	62946521	Downward Expansion	-66	73
2026-07-17	4.08	5.33	-12.87	47729740	Downward Expansion	-76	90
2026-07-10	4.21	5.35	-15.26	40094040	Rotation Down	-74	87
2026-07-03	4.41	5.35	-12.24	53065405	Rotation Down	-42	75
2026-06-26	4.12	5.34	-17.57	32116480	Rotation Down	-59	79
2026-06-19	4.47	5.34	-11.93	136331936	Rotation Down	-53	68
2026-06-12	4.73	5.35	-5.38	29805045	Deceleration	-36	52
2026-06-05	5.03	5.34	0.93	48721035	Deceleration	-9	22
2026-05-29	5.50	5.32	9.58	240334097	Deceleration	11	8
2026-05-22	5.36	5.28	6.19	235948335	Deceleration	11	7
2026-05-15	5.79	5.26	14.48	379483396	Deceleration	36	23
2026-05-08	6.04	5.26	18.88	240609909	Deceleration	42	29
2026-05-01	5.62	5.24	12.97	312141496	Deceleration	32	18
2026-04-24	6.10	5.23	24.28	602878645	Deceleration	39	21
2026-04-17	6.16	5.19	27.33	688901883	Deceleration	36	25
2026-04-10	5.21	5.14	10.24	192785833	Deceleration	17	25
2026-04-03	5.01	5.10	9.33	322259404	Upward Expansion	21	20
2026-03-27	5.62	5.06	22.13	474243892	Upward Expansion	47	36
2026-03-20	5.63	5.00	21.69	462353031	Upward Expansion	63	55
2026-03-13	6.45	4.94	35.70	557761501	Upward Expansion	67	68
2026-03-06	6.77	4.85	42.89	793016926	Upward Expansion	80	89
2026-02-27	6.94	4.75	46.79	736277394	Upward Expansion	92	95
2026-02-13	5.83	4.64	27.33	744916401	Upward Expansion	70	84
2026-02-06	6.16	4.57	36.21	650766724	Upward Expansion	87	91
2026-01-30	5.77	4.49	27.16	907460862	Upward Expansion	84	85
2026-01-23	5.40	4.42	19.34	543896082	Upward Expansion	81	77
2026-01-16	5.06	4.35	13.40	539296743	Deceleration	70	60
2026-01-09	4.86	4.30	8.96	461065467	Deceleration	48	31
2026-01-02	4.44	4.25	3.77	212696739	Deceleration	27	19
2025-12-26	4.54	4.22	6.56	239740020	Deceleration	26	15
2025-12-19	4.58	4.18	9.85	472562602	Deceleration	25	11
2025-12-12	4.63	4.15	11.57	288549326	Deceleration	14	13
2025-12-05	4.22	4.11	1.79	170273590	Deceleration	5	13
2025-11-28	4.27	4.09	3.57	182785559	Deceleration	9	13
2025-11-21	4.16	4.07	2.63	297378246	Deceleration	16	18
2025-11-14	4.53	4.05	7.54	502286066	Deceleration	29	26
2025-11-07	4.59	4.01	9.42	508262717	Deceleration	34	28
2025-10-31	4.32	3.97	4.35	320418432	Upward Expansion	43	28
2025-10-24	4.39	3.94	6.40	481702509	Upward Expansion	61	50
2025-10-17	4.73	3.91	18.46	811635974	Upward Expansion	67	64
2025-10-10	5.72	3.88	41.87	617541456	Upward Expansion	85	93
2025-10-03	5.40	3.80	35.88	849871929	Upward Expansion	85	94
2025-09-26	5.50	3.73	41.51	809303837	Upward Expansion	96	98
2025-09-19	4.65	3.65	21.10	1080465443	Upward Expansion	87	91
2025-09-12	4.80	3.60	23.95	290511422	Upward Expansion	97	91
2025-09-05	4.01	3.54	5.76	199445169	Upward Expansion	77	56
2025-08-29	3.82	3.52	-0.42	222227387	Upward Expansion	62	53
2025-08-22	3.84	3.50	0.97	135952111	Upward Expansion	67	63
2025-08-15	3.80	3.48	3.57	118693184	Upward Expansion	65	68
2025-08-08	3.85	3.45	6.78	121175030	Upward Expansion	74	73
2025-08-01	3.69	3.42	4.68	129219697	Upward Expansion	60	66
2025-07-25	3.78	3.40	6.28	175282713	Upward Expansion	69	68
2025-07-18	3.72	3.39	6.48	220862291	Balance	65	55
2025-07-11	3.67	3.37	6.00	243931078	Balance	60	37
2025-07-04	3.55	3.35	3.86	142977840	Balance	39	18
2025-06-27	3.45	3.35	2.47	96632279	Balance	28	13
2025-06-20	3.39	3.34	2.71	120118104	Balance	27	13
2025-06-13	3.55	3.33	7.04	154597419	Upward Expansion	37	17
2025-06-06	3.45	3.31	3.89	71737314	Upward Expansion	33	15
2025-05-30	3.47	3.30	5.68	102221697	Upward Expansion	38	23
2025-05-23	3.43	3.29	4.41	166801300	Upward Expansion	49	30
2025-05-16	3.58	3.28	8.06	207421900	Upward Expansion	53	40
2025-05-09	3.69	3.26	12.36	233046096	Upward Expansion	66	41
2025-05-02	3.47	3.24	7.68	161091948	Upward Expansion	50	30
2025-04-25	3.62	3.23	11.96	241612404	Upward Expansion	67	41
2025-04-18	3.38	3.20	5.26	228622402	Upward Expansion	53	34
2025-04-11	3.36	3.18	5.58	427479843	Upward Expansion	59	57
2025-04-04	3.58	3.15	8.95	241546126	Upward Expansion	72	74
2025-03-28	3.41	3.12	3.76	548748214	Upward Expansion	59	64
2025-03-21	3.67	3.10	11.21	534487275	Upward Expansion	83	72
2025-03-14	3.34	3.06	-0.42	125481650	Upward Expansion	64	40
2025-03-07	3.25	3.05	-1.77	98324723	Upward Expansion	55	28
2025-02-28	3.18	3.03	-2.42	105882295	Upward Expansion	47	25
2025-02-21	3.16	3.02	-4.79	107299354	Upward Expansion	47	28
2025-02-14	3.16	3.01	-4.04	79886600	Upward Expansion	47	32
2025-02-07	3.22	3.00	-1.28	50403700	Upward Expansion	52	30
2025-01-31	3.21	2.99	-0.08	13685700	Upward Expansion	40	19
2025-01-24	3.19	2.98	-0.91	95678722	Upward Expansion	35	20
2025-01-17	3.12	2.97	-3.19	92673287	Upward Expansion	31	16
2025-01-10	3.00	2.96	-4.94	101997835	Upward Expansion	30	16
2025-01-03	3.06	2.97	-4.71	133256002	Upward Expansion	52	29
2024-12-27	3.34	2.97	-2.09	234259048	Upward Expansion	67	49
2024-12-20	3.13	2.97	-7.33	132194414	Upward Expansion	54	36
2024-12-13	3.22	2.97	-5.78	170764792	Upward Expansion	59	43
2024-12-06	3.30	2.98	-4.14	154064519	Rotation Up	68	42
2024-11-29	3.15	2.98	-6.36	112953142	Rotation Up	32	29
2024-11-22	3.10	2.99	-6.63	157402591	Rotation Up	29	30
2024-11-15	3.06	2.99	-9.81	144975186	Rotation Up	31	34
2024-11-08	3.26	2.99	-7.58	177403299	Rotation Up	38	52
2024-11-01	3.14	2.99	-6.19	214213256	Rotation Up	30	43
2024-10-25	3.08	2.99	-9.27	144653679	Rotation Up	25	36
2024-10-18	2.98	2.99	-11.41	130446874	Rotation Up	-4	27
2024-10-11	3.01	3.00	-9.71	182890188	Rotation Up	-2	20
2024-10-04	3.16	3.00	-8.88	58850101	Rotation Up	-7	13
2024-09-27	2.90	3.00	-10.18	91098064	Downward Expansion	-63	51
2024-09-20	2.60	3.01	-9.42	31340000	Downward Expansion	-73	86
2024-09-13	2.57	3.02	-9.72	41613683	Downward Expansion	-83	90
2024-09-06	2.63	3.04	-10.15	56414994	Downward Expansion	-81	85
2024-08-30	2.76	3.05	-8.57	51999085	Downward Expansion	-64	71
2024-08-23	2.65	3.06	-13.12	62658092	Downward Expansion	-83	72
2024-08-16	2.84	3.08	-8.15	45787559	Downward Expansion	-64	48
2024-08-09	2.86	3.09	-7.39	52568300	Downward Expansion	-63	48
2024-08-02	2.89	3.10	-8.20	51238200	Downward Expansion	-61	47
2024-07-26	2.88	3.12	-8.46	53473521	Downward Expansion	-64	64
2024-07-19	2.84	3.13	-12.83	41135500	Downward Expansion	-71	75
2024-07-12	2.88	3.14	-11.85	59084890	Downward Expansion	-69	76
2024-07-05	2.90	3.15	-11.17	53545216	Downward Expansion	-69	75
2024-06-28	2.90	3.17	-12.13	70645712	Balance	-63	61
2024-06-21	2.89	3.18	-13.70	78586518	Balance	-46	39
2024-06-14	3.07	3.19	-9.78	58786613	Balance	-18	18
2024-06-07	3.10	3.20	-9.96	123500797	Rotation Up	-6	7
2024-05-31	3.28	3.21	-6.32	172183670	Rotation Up	29	48
2024-05-24	3.32	3.22	-5.44	141013413	Rotation Up	32	51
2024-05-17	3.38	3.22	-6.22	236317787	Rotation Up	40	55
2024-05-10	3.48	3.22	-3.80	201415965	Balance	39	45
2024-05-03	3.19	3.23	-10.89	66364882	Balance	-9	12
2024-04-26	3.21	3.24	-10.01	96927342	Balance	-10	13
2024-04-19	3.20	3.25	-9.99	151523709	Balance	-13	10
2024-04-12	3.24	3.27	-7.86	146786781	Downward Expansion	-22	10
2024-04-05	3.18	3.29	-11.36	74290430	Downward Expansion	-34	16
2024-03-29	3.07	3.31	-13.89	71221491	Downward Expansion	-39	20
2024-03-22	3.09	3.33	-13.61	97791407	Downward Expansion	-35	19
2024-03-15	3.18	3.36	-11.82	122333424	Downward Expansion	-36	20
2024-03-08	3.12	3.39	-13.36	98136601	Downward Expansion	-50	31
2024-03-01	3.08	3.41	-13.97	114746411	Downward Expansion	-57	44
2024-02-23	3.08	3.44	-13.51	100015672	Downward Expansion	-59	48
2024-02-09	3.09	3.48	-9.17	131682387	Downward Expansion	-61	53
2024-02-02	2.82	3.51	-13.25	103720647	Downward Expansion	-88	69
2024-01-26	3.13	3.56	-9.59	105042245	Downward Expansion	-68	50
2024-01-19	3.12	3.59	-7.38	82473773	Downward Expansion	-72	50
2024-01-12	3.29	3.62	-4.14	76114800	Downward Expansion	-57	44
2024-01-05	3.24	3.64	-6.97	68372308	Downward Expansion	-62	51
2023-12-29	3.27	3.68	-7.61	78629792	Downward Expansion	-63	55
2023-12-22	3.20	3.71	-7.59	80857230	Downward Expansion	-71	64
2023-12-15	3.28	3.75	-6.40	93009816	Downward Expansion	-65	71
2023-12-08	3.23	3.79	-8.68	88936061	Downward Expansion	-74	79
2023-12-01	3.25	3.82	-10.17	75814245	Downward Expansion	-74	77
2023-11-24	3.28	3.86	-9.82	88792983	Downward Expansion	-75	78
2023-11-17	3.36	3.89	-8.06	105706854	Downward Expansion	-66	68
2023-11-10	3.35	3.92	-7.98	109553748	Downward Expansion	-71	77
2023-11-03	3.31	3.95	-9.11	130680394	Downward Expansion	-80	82
2023-10-27	3.45	3.97	-5.03	114414484	Downward Expansion	-71	77
2023-10-20	3.39	3.99	-5.54	79444619	Downward Expansion	-81	81
2023-10-13	3.52	4.00	-5.24	81568581	Downward Expansion	-74	75
2023-09-29	3.59	4.02	-3.95	59489246	Downward Expansion	-69	75

Price vs TrendBelow-17.0%

Trend directionFalling-10.2%

Price vs current Fair ValuePremium+3.1%

Fair Value directionMoving away-7.0%

Relative Strength vs benchmarkLagging-15.6%

Relative strength directionWeakening-0.3%

Price momentumNegative-23.8%

Volume balanceSupply-led0.38×

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

-66 / ±100

+1.1 points since 2026-09-11

Energy

64 /100

-9.9 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.

601619 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance9

Rotation Up24

Upward Expansion12

Deceleration47

Rotation Down61

Downward Expansion88

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 8%Rotation Up 9%Upward Expansion 33%Deceleration 14%Rotation Down 3%Downward Expansion 34%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-07-17	2026-10-09	Established	-2.7%
Rotation Down	2026-06-19	2026-07-10	New	-5.8%
Deceleration	2026-04-10	2026-06-12	Developing	-9.2%
Upward Expansion	2026-01-23	2026-04-03	Developing	-7.2%
Deceleration	2025-11-07	2026-01-16	Developing	+10.1%
Upward Expansion	2025-07-25	2025-10-31	Established	+14.4%
Balance	2025-06-20	2025-07-18	Developing	+9.6%
Upward Expansion	2024-12-13	2025-06-13	Extended	+10.2%
Rotation Up	2024-10-04	2024-12-06	Developing	+4.3%
Downward Expansion	2024-07-05	2024-09-27	Established	+0.0%
Balance	2024-06-14	2024-06-28	New	-5.6%
Rotation Up	2024-05-17	2024-06-07	New	-8.4%
Balance	2024-04-19	2024-05-10	New	+8.7%
Downward Expansion	2023-09-15	2024-04-12	Extended	-10.9%

Classic Stage Analysis comparison

Stage 1 · Basing45

Stage 2 · Advancing0

Stage 3 · Distribution25

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 000001.SS

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: 97/100
Current Relative Strength: -15.57
Relative Strength direction: Weakening
Price momentum: -23.8%
Excess performance vs benchmark: -19.5%
Utilities regime cohort: 81th percentile43 in cohort

Test 601619 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.65×

Latest completed volume relative to typical participation.

Up/down volume0.38×

Participation balance between advancing and declining observations.

Accumulation / distribution0 / 5

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+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 601619 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity CNY 3.97falling

Slow Activity CNY 4.44falling

Trend Reference CNY 4.78-17.0% close margin

Current Fair Value CNY 3.85+3.1% close margin

Structural low CNY 3.74shock / 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 +5.9%

Annualized volatility +44.1%

From structural high -44.5%

From structural low +6.1%

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 000001.SS	Regime survived	Read
Near term	22	+0.0%-12.5% to +14.3%	+50.0%	+50.0%	-1.6%	+81.8%	Usable descriptive sample
Intermediate	7	-4.3%-12.0% to +16.8%	+42.9%	+57.1%	-3.9%	+42.9%	Usable descriptive sample
Extended	5	-2.0%-15.8% to +25.1%	+40.0%	+60.0%	-0.5%	+40.0%	Usable descriptive sample
Full cycle	3	-6.0%-20.5% to +90.0%	+33.3%	+66.7%	-4.6%	+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.

601619 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