{"ticker": {"uuid": "11c5f29e-adf2-44d8-8ba1-69ac4854916f", "symbol": "8536", "name": "TL Natural Gas Holdings Limited", "exchange": "HKG", "asset_type": "equity"}, "latest_week": "2026-08-07", "summary": "8536 closed the latest completed week at 0.24 HKD. The 4-week return is 24.1% and the 12-week return is 10.0%. The trend backdrop is inactive, with activity pressure at -0.11.", "description": "TL Natural Gas Holdings Limited, an investment holding company, sells compressed natural gas (CNG) and liquefied natural gas (LNG) in China. The company distributes LNG to wholesale customers and CNG to retail customers, such as vehicular end-users and wholesale customers, including urban gas companies, gas refueling station operators, and industrial users. It also engages in digital marketing; automated car wash services; and the provision of fast-food catering service, as well as transmission services for natural gas. TL Natural Gas Holdings Limited was formerly known as Huazhong Natural Gas Group Holdings Limited and changed its name to TL Natural Gas Holdings Limited in April 2017. The company was founded in 2007 and is headquartered in Jingzhou, China.", "setup_signature": "Risk-first tape", "composite_score": "38", "kpis": [{"label": "Latest Close", "value": "0.24 HKD", "hint": "2026-08-07"}, {"label": "1W Return", "value": "1.7%", "tone": "positive", "hint": "latest completed week"}, {"label": "4W Return", "value": "24.1%", "tone": "positive", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "10.0%", "tone": "positive", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "9.6%", "hint": "5 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.0x", "hint": "vs 13-week average"}], "classification": {"exchange": "HKG", "country": "HK", "sector": "Consumer Cyclical", "industry": "Specialty Retail", "currency": "HKD", "market_cap": "42.5M"}, "price": {"trend_line": "0.22 HKD", "fair_value": "0.39 HKD", "vs_trend": "8.1%", "vs_fair_value": "-37.8%", "high_52": "0.30 HKD", "low_52": "0.17 HKD", "drawdown": "-19.3%", 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"volume_height": 4, "volume": "0"}, {"week": "3 Jul", "return": -2.1052631578947385, "return_label": "-2.1%", "return_tone": "negative", "volume_height": 4, "volume": "0"}, {"week": "10 Jul", "return": 4.8387096774193585, "return_label": "4.8%", "return_tone": "positive", "volume_height": 4, "volume": "0"}, {"week": "17 Jul", "return": 9.230769230769225, "return_label": "9.2%", "return_tone": "positive", "volume_height": 6.4638783269961975, "volume": "85.0K"}, {"week": "24 Jul", "return": -17.840375586854464, "return_label": "-17.8%", "return_tone": "negative", "volume_height": 25.85551330798479, "volume": "340.0K"}, {"week": "31 Jul", "return": 36.00000000000001, "return_label": "36.0%", "return_tone": "positive", "volume_height": 46.38783269961977, "volume": "610.0K"}, {"week": "7 Aug", "return": 1.6806722689075646, "return_label": "1.7%", "return_tone": "positive", "volume_height": 4, "volume": "5.0K"}], "insights": [{"label": "Participation", "value": "0.0x", "detail": "Latest volume versus the 13-week average.", "tone": "neutral"}, {"label": "Baseline", "value": "280.4K", "detail": "13-week average volume.", "tone": "neutral"}, {"label": "One-year base", "value": "330.2K", "detail": "52-week average volume.", "tone": "neutral"}]}, "risk": {"volatility_13": "12.7%", "volatility_52": "8.1%", "downside_weeks": 28, "upside_weeks": 20, "downside_breadth": "53.8%", "average_gain": "7.5%", "average_loss": "-5.1%", "distribution_scale": "37%", "return_callouts": [{"label": "Weeks higher", "value": "10 of 26", "detail": "14 weeks finished lower.", "tone": "negative"}, {"label": "Best week", "value": "+36.0%", "detail": "Week of 31 Jul.", "tone": "positive"}, {"label": "Worst week", "value": "-17.8%", "detail": "Week of 24 Jul.", "tone": "negative"}, {"label": "Latest week", "value": "+1.7%", "detail": "Week of 7 Aug.", "tone": "positive"}], "buckets": [{"label": "Strong gains", "count": 8, "share": 30.76923076923077, "share_label": "30.8%", "tone": "positive"}, {"label": "Modest gains", "count": 2, "share": 7.6923076923076925, "share_label": "7.7%", "tone": "positive"}, {"label": "Flat weeks", "count": 2, "share": 7.6923076923076925, "share_label": "7.7%", "tone": "neutral"}, {"label": "Modest losses", "count": 5, "share": 19.230769230769234, "share_label": "19.2%", "tone": "negative"}, {"label": "Sharp losses", "count": 9, "share": 34.61538461538461, "share_label": "34.6%", "tone": "negative"}], "insights": [{"label": "Recent vol", "value": "12.7%", "detail": "13-week weekly-return volatility.", "tone": "negative"}, {"label": "Base vol", "value": "8.1%", "detail": "52-week weekly-return volatility.", "tone": "neutral"}, {"label": "Up/down split", "value": "20/28", "detail": "Count of positive and negative weeks in the 52-week window.", "tone": "negative"}, {"label": "Average skew", "value": "7.5% / -5.1%", "detail": "Average positive week versus average negative week.", "tone": "neutral"}]}, "signals": [{"label": "Trend backdrop", "value": "Inactive", "tone": "negative"}, {"label": "Activity pressure", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "8.1%", "tone": "positive"}, {"label": "Volume", "value": "0.0x", "tone": "neutral"}], "opportunities": ["Price is above the Trend Line, keeping the weekly tape constructive."], "risks": ["The trend backdrop is inactive, so price action has not confirmed a constructive regime.", "Price is below Fair Value, so the market is still discounting the latest tape.", "Activity pressure is negative, which weakens the current setup.", "Next-week expectancy is negative at 31.57% based on similar historical setup states.", "Activity pressure is weak, so confirmation is not yet broad enough."], "watch_points": ["Trend Line remains the key weekly regime level.", "Activity pressure is the gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-08-07", "close": "0.24 HKD", "return": null, "return_tone": null, "trend_line": "0.22 HKD", "fair_value": "0.39 HKD", "activity_pressure": "-0.11", "relative_leadership": "3.84", "volume": "5.0K", "trend_backdrop": null}, {"week": "2026-07-31", "close": "0.24 HKD", "return": null, "return_tone": null, "trend_line": "0.22 HKD", "fair_value": "0.39 HKD", "activity_pressure": "-0.54", "relative_leadership": "0.96", "volume": "610.0K", "trend_backdrop": null}, {"week": "2026-07-24", "close": "0.17 HKD", "return": null, "return_tone": null, "trend_line": "0.22 HKD", "fair_value": "0.39 HKD", "activity_pressure": "-1.02", "relative_leadership": "-23.32", "volume": "340.0K", "trend_backdrop": null}, {"week": "2026-07-17", "close": "0.21 HKD", "return": null, "return_tone": null, "trend_line": "0.23 HKD", "fair_value": "0.39 HKD", "activity_pressure": "-1.06", "relative_leadership": "-5.94", "volume": "85.0K", "trend_backdrop": null}, {"week": "2026-07-10", "close": "0.20 HKD", "return": null, "return_tone": null, "trend_line": "0.23 HKD", "fair_value": "0.39 HKD", "activity_pressure": "-1.14", "relative_leadership": "-12.98", "volume": "0", "trend_backdrop": null}, {"week": "2026-07-03", "close": "0.19 HKD", "return": null, "return_tone": null, "trend_line": "0.23 HKD", "fair_value": "0.39 HKD", "activity_pressure": "-1.07", "relative_leadership": "-14.76", "volume": "0", "trend_backdrop": null}, {"week": "2026-06-26", "close": "0.19 HKD", "return": null, "return_tone": null, "trend_line": "0.23 HKD", "fair_value": "0.39 HKD", "activity_pressure": "-0.93", "relative_leadership": "-11.16", "volume": "0", "trend_backdrop": null}, {"week": "2026-06-19", "close": "0.20 HKD", "return": null, "return_tone": null, "trend_line": "0.23 HKD", "fair_value": "0.39 HKD", "activity_pressure": "-0.93", "relative_leadership": "-12.17", "volume": "5.0K", "trend_backdrop": null}, {"week": "2026-06-12", "close": "0.21 HKD", "return": null, "return_tone": null, "trend_line": "0.24 HKD", "fair_value": "0.39 HKD", "activity_pressure": "-0.79", "relative_leadership": "-12.70", "volume": "10.0K", "trend_backdrop": null}, {"week": "2026-06-05", "close": "0.21 HKD", "return": null, "return_tone": null, "trend_line": "0.24 HKD", "fair_value": "0.39 HKD", "activity_pressure": "-0.49", "relative_leadership": "-11.79", "volume": "100.0K", "trend_backdrop": null}, {"week": "2026-05-29", "close": "0.19 HKD", "return": null, "return_tone": null, "trend_line": "0.24 HKD", "fair_value": "0.39 HKD", "activity_pressure": "-0.11", "relative_leadership": "-23.73", "volume": "340.0K", "trend_backdrop": null}, {"week": "2026-05-22", "close": "0.20 HKD", "return": null, "return_tone": null, "trend_line": "0.24 HKD", "fair_value": "0.39 HKD", "activity_pressure": "0.36", "relative_leadership": "-20.94", "volume": "1.0M", "trend_backdrop": null}, {"week": "2026-05-15", "close": "0.22 HKD", "return": null, "return_tone": null, "trend_line": "0.24 HKD", "fair_value": "0.39 HKD", "activity_pressure": "0.83", "relative_leadership": "-15.80", "volume": "1.1M", "trend_backdrop": null}, {"week": "2026-05-08", "close": "0.23 HKD", "return": null, "return_tone": null, "trend_line": "0.24 HKD", "fair_value": "0.39 HKD", "activity_pressure": "1.19", "relative_leadership": "-14.17", "volume": "955.0K", "trend_backdrop": null}], "intelligence": {"rating": "Caution", "rating_tone": "negative", "overall_score": "33", "primary_driver": {"label": "Sentiment", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "Weighted news tone is neutral across 1 relevant articles.", "detail": "Enterprise value to EBIT forward of TL Natural Gas Holdings Limited \u2013 HKEX:8536", "metric": "50/100", "url": "/sentiment/11c5f29e-adf2-44d8-8ba1-69ac4854916f/", "available": true, "weight": 0.95}, "primary_conflict": {"label": "Indicator analysis", "score": 14.506944444444441, "score_label": "15", "tone": "negative", "summary": "Latest 12-week confirmation: trend 0/12, activity pressure 1/12, relative leadership 2/12.", "detail": "Activity pressure 0.07; No reversal markers", "metric": "15/100", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/", "available": true, "weight": 1.45}, "options_tone": "neutral", "options": null, "evidence": [{"label": "Weekly tape", "score": 29.657675613799753, "score_label": "30", "tone": "negative", "summary": "Trend, activity pressure, participation, and risk combine to a 30/100 tape read.", "detail": "", "metric": "30/100", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/", "available": true, "weight": 1.6}, {"label": "Indicator analysis", "score": 14.506944444444441, "score_label": "15", "tone": "negative", "summary": "Latest 12-week confirmation: trend 0/12, activity pressure 1/12, relative leadership 2/12.", "detail": "Activity pressure 0.07; No reversal markers", "metric": "15/100", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/", "available": true, "weight": 1.45}, {"label": "Next-Week Expectancy", "score": 34.214349999999996, "score_label": "34", "tone": "negative", "summary": "Next-week expectancy is negative with a 31.57% historical one-week setup read.", "detail": "Adds short-term historical context without overriding trend, activity, or relative leadership.", "metric": "Negative 31.57%", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/", "available": true, "weight": 1.05}, {"label": "Factors", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No published factor snapshot is available yet.", "detail": "", "metric": "50/100", "url": "/factors/", "available": false, "weight": 0}, {"label": "Patient Capital", "score": 48.0, "score_label": "48", "tone": "neutral", "summary": "Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.", "detail": "No recent buy signal", "metric": "Quiet", "url": "/patient-capital/", "available": true, "weight": 1}, {"label": "Sentiment", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "Weighted news tone is neutral across 1 relevant articles.", "detail": "Enterprise value to EBIT forward of TL Natural Gas Holdings Limited \u2013 HKEX:8536", "metric": "50/100", "url": "/sentiment/11c5f29e-adf2-44d8-8ba1-69ac4854916f/", "available": true, "weight": 0.95}, {"label": "Insiders", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No recent insider transaction evidence is stored.", "detail": "", "metric": "50/100", "url": "/insider-activity/", "available": false, "weight": 0}, {"label": "Earnings", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No stored earnings event is currently attached to this ticker.", "detail": "", "metric": "50/100", "url": "/earnings-calendar/", "available": false, "weight": 0}], "positives": [], "negatives": [{"label": "Indicator analysis", "score": 14.506944444444441, "score_label": "15", "tone": "negative", "summary": "Latest 12-week confirmation: trend 0/12, activity pressure 1/12, relative leadership 2/12.", "detail": "Activity pressure 0.07; No reversal markers", "metric": "15/100", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/", "available": true, "weight": 1.45}, {"label": "Weekly tape", "score": 29.657675613799753, "score_label": "30", "tone": "negative", "summary": "Trend, activity pressure, participation, and risk combine to a 30/100 tape read.", "detail": "", "metric": "30/100", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/", "available": true, "weight": 1.6}, {"label": "Next-Week Expectancy", "score": 34.214349999999996, "score_label": "34", "tone": "negative", "summary": "Next-week expectancy is negative with a 31.57% historical one-week setup read.", "detail": "Adds short-term historical context without overriding trend, activity, or relative leadership.", "metric": "Negative 31.57%", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/", "available": true, "weight": 1.05}], "conclusion": ["The strongest supporting evidence is sentiment: Weighted news tone is neutral across 1 relevant articles.", "The main constraint is indicator analysis: Latest 12-week confirmation: trend 0/12, activity pressure 1/12, relative leadership 2/12.", "The combined read is defensive, so risk control and evidence of stabilization matter more than headline upside."], "weekly_changes": [{"label": "Price follow-through", "value": "1.7%", "detail": "Latest completed week; four-week move 24.1%.", "tone": "positive", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/"}, {"label": "Indicator stack", "value": "5/55", "detail": "Trend and activity pressure are weighted against the latest 12-week confirmation window.", "tone": "negative", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/"}, {"label": "Trend backdrop", "value": "Active", "detail": "The trend backdrop defines the current weekly regime.", "tone": "positive", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/"}, {"label": "Patient Capital", "value": "Quiet", "detail": "Activity-pressure buy-signal status for institutional accumulation timing.", "tone": "neutral", "url": "/patient-capital/"}, {"label": "Next-Week Expectancy", "value": "Negative 31.57%", "detail": "Historical one-week expectancy contributes to the evidence score when direction is confirmed.", "tone": "negative", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/"}, {"label": "News sentiment", "value": "50/100", "detail": "1 relevant articles in the latest sentiment read.", "tone": "neutral", "url": "/sentiment/11c5f29e-adf2-44d8-8ba1-69ac4854916f/"}]}, "investor_view": {"stance": "Mixed setup", "stance_tone": "neutral", "setup_score": "38", "bottom_line": "The weekly trend is not active. Price is 8.1% above the Trend Line and sits at 55.0% of its 52-week range. The latest completed week returned 1.7%, after a 24.1% four-week move. The latest news-sentiment score is 50/100. Near-term considerations: volume confirmation is below normal.", "price_summary": "The weekly trend is not active. Price is 8.1% above the Trend Line and sits at 55.0% of its 52-week range. The latest completed week returned 1.7%, after a 24.1% four-week move.", "volume_summary": "Latest weekly volume is 0.0x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.", "momentum_summary": "Performance is 24.1% over four weeks, 10.0% over 12 weeks, and -10.4% over one year. The current trend has remained active for 0 consecutive weeks.", "fundamentals": {"available": false, "summary": "A published fundamentals and factor snapshot is not available for this company.", "rank_scores": [], "groups": []}, "weekly_change": [{"label": "Price follow-through", "value": "1.7%", "detail": "Latest completed week; four-week move 24.1%.", "tone": "positive", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/"}, {"label": "Indicator stack", "value": "5/55", "detail": "Trend and activity pressure are weighted against the latest 12-week confirmation window.", "tone": "negative", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/"}, {"label": "Trend backdrop", "value": "Active", "detail": "The trend backdrop defines the current weekly regime.", "tone": "positive", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/"}, {"label": "Patient Capital", "value": "Quiet", "detail": "Activity-pressure buy-signal status for institutional accumulation timing.", "tone": "neutral", "url": "/patient-capital/"}, {"label": "Next-Week Expectancy", "value": "Negative 31.57%", "detail": "Historical one-week expectancy contributes to the evidence score when direction is confirmed.", "tone": "negative", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/"}, {"label": "News sentiment", "value": "50/100", "detail": "1 relevant articles in the latest sentiment read.", "tone": "neutral", "url": "/sentiment/11c5f29e-adf2-44d8-8ba1-69ac4854916f/"}], "strengths": ["Price is above the Trend Line, keeping the weekly tape constructive."], "risks": ["The trend backdrop is inactive, so price action has not confirmed a constructive regime.", "Price is below Fair Value, so the market is still discounting the latest tape.", "Activity pressure is negative, which weakens the current setup.", "Next-week expectancy is negative at 31.57% based on similar historical setup states."], "watch_points": ["Trend Line remains the key weekly regime level.", "Activity pressure is the gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "evidence": {"weekly_tape": {"label": "Weekly tape", "score": 29.657675613799753, "score_label": "30", "tone": "negative", "summary": "Trend, activity pressure, participation, and risk combine to a 30/100 tape read.", "detail": "", "metric": "30/100", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/", "available": true, "weight": 1.6}, "indicator_analysis": {"label": "Indicator analysis", "score": 14.506944444444441, "score_label": "15", "tone": "negative", "summary": "Latest 12-week confirmation: trend 0/12, activity pressure 1/12, relative leadership 2/12.", "detail": "Activity pressure 0.07; No reversal markers", "metric": "15/100", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/", "available": true, "weight": 1.45}, "next-week_expectancy": {"label": "Next-Week Expectancy", "score": 34.214349999999996, "score_label": "34", "tone": "negative", "summary": "Next-week expectancy is negative with a 31.57% historical one-week setup read.", "detail": "Adds short-term historical context without overriding trend, activity, or relative leadership.", "metric": "Negative 31.57%", "url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/", "available": true, "weight": 1.05}, "factors": {"label": "Factors", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No published factor snapshot is available yet.", "detail": "", "metric": "50/100", "url": "/factors/", "available": false, "weight": 0}, "patient_capital": {"label": "Patient Capital", "score": 48.0, "score_label": "48", "tone": "neutral", "summary": "Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.", "detail": "No recent buy signal", "metric": "Quiet", "url": "/patient-capital/", "available": true, "weight": 1}, "sentiment": {"label": "Sentiment", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "Weighted news tone is neutral across 1 relevant articles.", "detail": "Enterprise value to EBIT forward of TL Natural Gas Holdings Limited \u2013 HKEX:8536", "metric": "50/100", "url": "/sentiment/11c5f29e-adf2-44d8-8ba1-69ac4854916f/", "available": true, "weight": 0.95}, "insiders": {"label": "Insiders", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No recent insider transaction evidence is stored.", "detail": "", "metric": "50/100", "url": "/insider-activity/", "available": false, "weight": 0}, "earnings": {"label": "Earnings", "score": 50.0, "score_label": "50", "tone": "neutral", "summary": "No stored earnings event is currently attached to this ticker.", "detail": "", "metric": "50/100", "url": "/earnings-calendar/", "available": false, "weight": 0}}, "section_nav": [{"id": "overview", "label": "Overview"}, {"id": "price-action", "label": "Price"}, {"id": "volume-demand", "label": "Volume"}, {"id": "momentum", "label": "Momentum"}, {"id": "fundamentals", "label": "Fundamentals"}, {"id": "ownership-flow", "label": "Ownership & Flow"}, {"id": "catalysts-risk", "label": "Catalysts & Risk"}, {"id": "peer-context", "label": "Peer Context"}, {"id": "weekly-data", "label": "Weekly Data"}]}, "chart_url": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/", "api_path": "/terminal/11c5f29e-adf2-44d8-8ba1-69ac4854916f/report/api/"}