Weekly structural research ยท SHH ยท Utilities

600011 Stage Analysis

Huaneng Power International, Inc.

Week ending 9 Oct 2026Close CNY 7.33Tenure DevelopingBenchmark 000001.SS
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Downward Expansion ยท Early 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: compressed and contracting.
Direction -3โˆ’100 bearish to +100 bullish
Energy 10/100directional strength
Maturity 51/100lifecycle context
Confidence 47/100evidence agreement
Trend gate Downstructural direction
Activity structure Compressedcontracting separation
Price acceptance +0.0%position within the Activity structure
Fair Value context -0.3%CNY 7.35 ยท improving
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.
  • 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 ยท 156 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-10-097.337.084.79277928705Downward Expansion-310
2026-10-027.047.100.01295920654Downward Expansion-3519
2026-09-256.747.12-5.42164644183Downward Expansion-6135
2026-09-186.807.14-5.35273385565Downward Expansion-5739
2026-09-116.957.14-2.94352740537Downward Expansion-5653
2026-09-046.867.14-5.4159507167Downward Expansion-5963
2026-08-286.787.15-7.2051671699Downward Expansion-6061
2026-08-216.607.17-8.7677541151Balance-6747
2026-08-146.847.19-6.2472299954Balance-5728
2026-08-076.997.21-4.84116090035Balance-5125
2026-07-317.197.230.3599973122Balance-4928
2026-07-247.097.26-0.66173749549Balance-5242
2026-07-176.927.28-1.88214182856Balance-4736
2026-07-106.847.31-8.80137354090Balance-5036
2026-07-037.107.35-6.77157734447Balance-3824
2026-06-266.937.37-8.90148969961Rotation Up-129
2026-06-197.247.40-6.63811860857Rotation Up1227
2026-06-127.637.42-0.50195283508Rotation Up1833
2026-06-057.957.443.61344644446Rotation Up2632
2026-05-298.407.458.321284399337Rotation Up617
2026-05-226.947.42-11.63779893317Downward Expansion-5233
2026-05-157.137.44-10.001087010522Downward Expansion-5437
2026-05-086.887.44-14.51433425074Downward Expansion-6060
2026-05-016.627.45-16.72447212286Downward Expansion-7374
2026-04-246.987.46-11.96637473695Downward Expansion-5968
2026-04-176.947.48-12.18380364173Downward Expansion-6165
2026-04-106.847.51-12.32352891255Balance-6854
2026-04-036.897.53-9.56531742685Balance-5022
2026-03-277.497.55-2.69913235355Balance-117
2026-03-207.547.54-3.18575782755Balance-518
2026-03-137.857.53-2.62681249314Downward Expansion-1114
2026-03-067.617.52-6.24754604956Downward Expansion-4835
2026-02-277.247.51-11.72507619992Rotation Down-6472
2026-02-136.977.50-13.45228469449Rotation Down-4770
2026-02-066.927.51-13.84317692810Rotation Down-4464
2026-01-307.067.51-13.37452003637Rotation Down-3855
2026-01-237.357.51-10.38385459046Deceleration-2329
2026-01-167.467.49-8.35389843998Deceleration313
2026-01-097.387.48-9.82323601003Deceleration1211
2026-01-027.467.47-5.46363655647Deceleration2415
2025-12-268.097.452.57250816125Deceleration6237
2025-12-197.827.421.10206518389Deceleration3926
2025-12-127.857.391.56199838186Upward Expansion4126
2025-12-057.897.371.75231493576Upward Expansion5534
2025-11-287.787.350.70272115283Upward Expansion5747
2025-11-217.727.321.31262958724Upward Expansion6271
2025-11-147.927.29-0.17299671232Upward Expansion6375
2025-11-078.257.263.73318768974Upward Expansion8080
2025-10-318.137.203.35595586779Upward Expansion7665
2025-10-247.557.16-3.98352207656Upward Expansion5123
2025-10-177.487.13-2.33378079925Upward Expansion3620
2025-10-107.307.10-6.20159225146Upward Expansion2519
2025-10-037.067.08-9.23166917297Upward Expansion2212
2025-09-267.137.05-7.38311476334Upward Expansion3625
2025-09-197.377.03-4.43337248987Upward Expansion5640
2025-09-127.767.00-1.01386675599Upward Expansion7356
2025-09-057.556.95-2.48389440126Upward Expansion6543
2025-08-297.386.90-6.11437910810Upward Expansion5952
2025-08-227.326.86-6.48443817341Upward Expansion5857
2025-08-157.256.82-4.58363277484Upward Expansion5754
2025-08-087.606.791.24367023782Upward Expansion7961
2025-08-017.296.73-1.21798549609Deceleration6336
2025-07-257.036.70-6.02464489590Deceleration4929
2025-07-187.036.69-5.15306281423Deceleration3821
2025-07-117.026.67-5.35305692437Deceleration3824
2025-07-047.136.67-3.52277792739Deceleration4728
2025-06-276.786.66-7.81338055640Upward Expansion3723
2025-06-207.116.65-2.44219057083Upward Expansion5034
2025-06-137.046.64-4.61256551881Upward Expansion5538
2025-06-067.026.64-5.77154353940Upward Expansion6046
2025-05-306.976.64-6.04228319372Upward Expansion6363
2025-05-237.126.64-4.53247887661Upward Expansion6774
2025-05-167.216.63-4.41242606476Rotation Up7576
2025-05-097.186.62-4.47252905362Rotation Up5264
2025-05-026.906.61-6.92190947588Rotation Up3748
2025-04-256.926.63-7.70247937472Rotation Up3452
2025-04-186.856.63-8.68288049731Rotation Up3146
2025-04-116.656.61-10.97459442934Rotation Up1936
2025-04-046.846.60-12.04261469725Balance3537
2025-03-286.546.58-16.70298466986Balance-718
2025-03-216.686.59-15.98231149968Downward Expansion318
2025-03-146.536.59-19.64218474752Downward Expansion-2321
2025-03-076.426.61-20.57235080807Downward Expansion-3520
2025-02-286.486.64-19.27227986615Downward Expansion-4024
2025-02-216.376.66-22.42293044770Downward Expansion-4735
2025-02-146.176.72-24.71170206553Downward Expansion-6350
2025-02-076.256.79-23.28121943824Downward Expansion-6360
2025-01-316.216.86-23.2952840145Downward Expansion-6679
2025-01-246.056.96-25.80148202471Downward Expansion-7584
2025-01-176.187.06-24.51146390333Downward Expansion-7279
2025-01-106.007.14-25.42185752890Downward Expansion-8479
2025-01-036.347.23-22.74179673512Downward Expansion-7051
2024-12-276.627.32-24.08290162248Downward Expansion-5735
2024-12-206.647.38-23.45292613168Downward Expansion-5834
2024-12-136.757.44-23.04253975766Downward Expansion-5334
2024-12-066.877.49-22.17158178101Downward Expansion-4130
2024-11-296.727.55-22.35166335483Downward Expansion-4631
2024-11-226.747.62-20.87267221193Downward Expansion-4831
2024-11-156.867.69-21.13309650429Downward Expansion-5229
2024-11-087.057.77-21.94266629878Downward Expansion-3827
2024-11-016.947.85-19.19362085580Downward Expansion-4028
2024-10-257.027.91-19.15414609724Downward Expansion-3827
2024-10-186.797.97-20.91448042140Downward Expansion-4230
2024-10-117.048.03-17.03540161020Downward Expansion-4534
2024-10-047.438.09-15.73192154669Downward Expansion-5351
2024-09-276.988.14-14.60385552582Downward Expansion-6766
2024-09-206.238.18-14.20126713673Downward Expansion-7790
2024-09-136.198.25-13.86267565503Downward Expansion-8593
2024-09-066.438.32-12.58270050229Downward Expansion-8493
2024-08-306.698.38-11.68302464571Downward Expansion-8192
2024-08-236.868.43-10.00213656891Downward Expansion-8193
2024-08-167.128.46-7.53215230257Downward Expansion-8091
2024-08-097.128.49-7.04292422543Rotation Down-8487
2024-08-027.278.52-6.55514231598Rotation Down-5566
2024-07-267.978.522.85241504632Balance-3130
2024-07-198.438.495.56260276365Balance87
2024-07-128.388.455.38300574474Deceleration2114
2024-07-059.188.4116.24161207057Deceleration5040
2024-06-289.078.3514.67250081781Deceleration4527
2024-06-218.558.287.48218098435Deceleration2513
2024-06-148.728.248.41252557178Deceleration189
2024-06-078.878.199.49306616826Deceleration2116
2024-05-318.458.133.20335259733Deceleration1015
2024-05-248.428.092.84319120161Deceleration2318
2024-05-178.318.04-0.72426432338Deceleration2717
2024-05-108.738.014.17365569424Upward Expansion4128
2024-05-038.837.967.00188223954Upward Expansion5742
2024-04-268.887.928.52368880930Upward Expansion5845
2024-04-199.037.8911.34282611579Upward Expansion6158
2024-04-129.537.8519.75237622208Upward Expansion8063
2024-04-058.907.7810.66133202487Upward Expansion6447
2024-03-298.857.7611.30187917880Upward Expansion6654
2024-03-228.497.746.80229432735Upward Expansion5944
2024-03-158.757.7410.16255744240Upward Expansion6862
2024-03-088.917.7312.91298688770Upward Expansion7863
2024-03-018.147.704.25293836921Rotation Up5946
2024-02-238.477.719.59248371661Rotation Up4459
2024-02-098.247.7212.23263723239Rotation Up3852
2024-02-028.177.7417.28325874862Rotation Up2853
2024-01-268.377.7613.57244771254Balance4052
2024-01-197.717.768.13288218563Balance-520
2024-01-127.977.7710.09248681003Balance718
2024-01-057.877.807.40292935515Downward Expansion-17
2023-12-297.267.85-2.02233711246Downward Expansion-3824
2023-12-227.267.910.25232927237Downward Expansion-4127
2023-12-157.157.96-1.92207925350Downward Expansion-4836
2023-12-087.348.04-0.12211531798Downward Expansion-4534
2023-12-017.228.11-3.66272501522Downward Expansion-5541
2023-11-246.988.17-7.14228330575Downward Expansion-6647
2023-11-177.278.21-3.60335822685Downward Expansion-5743
2023-11-107.188.26-4.18226252017Downward Expansion-6253
2023-11-037.238.29-3.06192944738Downward Expansion-6263
2023-10-277.288.31-2.12358026749Downward Expansion-6467
2023-10-206.968.34-5.50175387147Downward Expansion-7979
2023-10-137.218.39-5.39208585974Downward Expansion-7571
2023-09-297.428.42-3.46135542552Downward Expansion-7167
Price vs TrendAbove+3.5%
Trend directionFalling-2.0%
Price vs current Fair ValueBelow anchor-0.3%
Fair Value directionClosing upward+8.0%
Relative Strength vs benchmarkLeading+4.8%
Relative strength directionImproving+13.6%
Price momentumPositive+7.2%
Volume balanceDemand-led2.17ร—
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

-3 / ยฑ100

+53.7 points since 2026-09-11

Energy

10 /100

-43.0 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
Balance55
Rotation Up37
Upward Expansion22
Deceleration39
Rotation Down19
Downward Expansion56

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 12%Rotation Up 10%Upward Expansion 22%Deceleration 13%Rotation Down 4%Downward Expansion 39%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Downward Expansion2026-08-282026-10-09Developing+8.1%
Balance2026-07-032026-08-21Developing-7.0%
Rotation Up2026-05-292026-06-26Developing-17.6%
Downward Expansion2026-04-172026-05-22Developing-0.1%
Balance2026-03-202026-04-10New-9.3%
Downward Expansion2026-03-062026-03-13New+3.2%
Rotation Down2026-01-302026-02-27New+2.5%
Deceleration2025-12-192026-01-23Developing-6.0%
Upward Expansion2025-08-082025-12-12Established+3.3%
Deceleration2025-07-042025-08-01Developing+2.2%
Upward Expansion2025-05-232025-06-27Developing-4.7%
Rotation Up2025-04-112025-05-16Developing+8.4%
Balance2025-03-282025-04-04New+4.6%
Downward Expansion2024-08-162025-03-21Extended-6.2%
Classic Stage Analysis comparison
Stage 1 ยท Basing59
Stage 2 ยท Advancing44
Stage 3 ยท Distribution43
Stage 4 ยท Declining37

Legacy result: Stage 1 ยท Stage 1C ยท Breakout watch. 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

Leading benchmark

Architecture confirmation
38/100
Current Relative Strength
4.79
Relative Strength direction
Improving
Price momentum
+7.2%
Excess performance vs benchmark
+11.5%
Utilities regime cohort
5th percentile43 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume1.05ร—

Latest completed volume relative to typical participation.

Up/down volume2.17ร—

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+25.0%

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.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity CNY 7.04rising
Slow Activity CNY 7.03falling
Trend Reference CNY 7.08+3.5% close margin
Current Fair Value CNY 7.35-0.3% close margin
Structural low CNY 6.48shock / 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 +3.5%
Annualized volatility +35.6%
From structural high -13.7%
From structural low +13.1%
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 movePositive periodsDirectional follow-through Median excess vs 000001.SS Regime survived Read
Near term19+0.1%-13.1% to +77.4%+52.6%+47.4%-1.2%+68.4%Usable descriptive sample
Intermediate8+10.7%-10.1% to +62.1%+62.5%+37.5%+10.8%+37.5%Usable descriptive sample
Extended6+11.9%-13.4% to +117.8%+66.7%+33.3%+6.3%+33.3%Usable descriptive sample
Full cycle3-2.0%-5.0% to +72.6%+33.3%+66.7%-8.5%+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.

Evidence context