{"ticker": {"uuid": "d8e6030e-3b0b-4890-9abe-060985fa09fa", "symbol": "1939", "name": "Shangshan Gold International Holdings Limited", "exchange": "HKG", "asset_type": "equity"}, "latest_week": "2026-06-12", "summary": "1939 closed the latest completed week at 0.58 HKD. The 4-week return is -27.5% and the 12-week return is -1.7%. Trend Signal is inactive, Market Dynamics is 0.59.", "description": "Shangshan Gold International Holdings Limited, an investment holding company, provides auction, artwork sales, and related services in Hong Kong and Japan. It offers auctions for Chinese and Japanese artworks, such as paintings and calligraphies, antiques, and teawares under the Tokyo Chuo Auction brand name; and exhibition services. The company is also involved in the money lending services, as well as operates an online trading and information platform. Its customers primarily include sellers who consign artworks for art auction and related business; and buyers who purchase artworks in the art auctions, including artworks artists, masters, experts, merchants, collectors, art galleries, and private museums. The company was formerly known as Tokyo Chuo Auction Holdings Limited and changed its name to Shangshan Gold International Holdings Limited in August 2025. Shangshan Gold International Holdings Limited was founded in 2010 and is headquartered in Tokyo, Japan.", "setup_signature": "Risk-first tape", "composite_score": "15", "kpis": [{"label": "Latest Close", "value": "0.58 HKD", "hint": "2026-06-12"}, {"label": "1W Return", "value": "-6.5%", "tone": "negative", "hint": "latest completed week"}, {"label": "4W Return", "value": "-27.5%", "tone": "negative", "hint": "short-term follow-through"}, {"label": "12W Return", "value": "-1.7%", "tone": "negative", "hint": "quarterly tape"}, {"label": "Trend Breadth", "value": "46.2%", "hint": "24 of 52 weeks active"}, {"label": "Volume Ratio", "value": "0.2x", "hint": "vs 13-week average"}], "classification": {"exchange": "HKG", "country": "HK", "sector": "Consumer Cyclical", "industry": "Specialty Retail", "currency": "HKD", "market_cap": "353.2M"}, "price": {"trend_line": "1.15 HKD", "fair_value": "1.72 HKD", "vs_trend": "-49.7%", "vs_fair_value": "-66.2%", "high_52": "10.48 HKD", "low_52": "0.45 HKD", "drawdown": "-94.5%", "range_position": "1.3%"}, "momentum": {"returns": [{"label": "1W", "value": -6.451612903225811, "value_label": "-6.5%", "tone": "negative", "width": 18.43317972350232}, {"label": "4W", "value": -27.500000000000007, "value_label": "-27.5%", "tone": "negative", "width": 78.5714285714286}, {"label": "12W", "value": -1.6949152542372898, "value_label": "-1.7%", "tone": "negative", "width": 4.842615012106542}, {"label": "26W", "value": -57.664233576642346, "value_label": "-57.7%", "tone": "negative", "width": 100}, {"label": "52W", "value": -70.55837563451777, "value_label": "-70.6%", "tone": "negative", "width": 100}], "trend_streak": 0, "active_weeks": 24, "active_breadth": "46.2%", "peer": {"scope": "HK Consumer Cyclical", "count": 443, "rank": 356, "percentile": 19.683257918552034, "avg_weekly_return": -0.8320728342207028}}, "setup": {"scores": [{"label": "Trend", "value": 25.384615384615387, "value_label": "25", "width": 25.384615384615387, "tone": "negative", "description": "Persistence of active Trend Signal over the last year and current streak."}, {"label": "Momentum", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Blend of 4-week and 12-week follow-through."}, {"label": "Dynamics", "value": 60.11545170647858, "value_label": "60", "width": 60.11545170647858, "tone": "neutral", "description": "Latest Market Dynamics and whether pressure has improved over four weeks."}, {"label": "Relative Strength", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Relative leadership and short-term RS change."}, {"label": "Volume", "value": 6.408498791889904, "value_label": "6", "width": 6.408498791889904, "tone": "negative", "description": "Participation compared with the 13-week volume baseline."}, {"label": "Risk Control", "value": 0, "value_label": "0", "width": 4, "tone": "negative", "description": "Drawdown and recent weekly volatility pressure."}], "timeline": [{"week": "27 Feb", "return": 8.333333333333341, "return_label": "8.3%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 69.44444444444451}, {"week": "6 Mar", "return": -7.692307692307699, "return_label": "-7.7%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 64.10256410256416}, {"week": "13 Mar", "return": -19.444444444444446, "return_label": "-19.4%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 100}, {"week": "20 Mar", "return": 1.7241379310344844, "return_label": "1.7%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": false, "height": 14.367816091954037}, {"week": "27 Mar", "return": -5.08474576271185, "return_label": "-5.1%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 42.37288135593209}, {"week": "3 Apr", "return": -10.714285714285724, "return_label": "-10.7%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": false, "height": 89.28571428571436}, {"week": "10 Apr", "return": -2.0000000000000018, "return_label": "-2.0%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 16.666666666666682}, {"week": "17 Apr", "return": 1.020408163265307, "return_label": "1.0%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": true, "height": 8.503401360544226}, {"week": "24 Apr", "return": 37.373737373737384, "return_label": "37.4%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": true, "height": 100}, {"week": "1 May", "return": -5.8823529411764754, "return_label": "-5.9%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 49.019607843137294}, {"week": "8 May", "return": 23.437500000000004, "return_label": "23.4%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": true, "height": 100}, {"week": "15 May", "return": 1.2658227848101276, "return_label": "1.3%", "tone": "positive", "trend": false, "buy_signal": false, "positive_md": true, "height": 10.548523206751064}, {"week": "22 May", "return": -2.500000000000002, "return_label": "-2.5%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 20.83333333333335}, {"week": "29 May", "return": -8.974358974358982, "return_label": "-9.0%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 74.78632478632484}, {"week": "5 Jun", "return": -12.676056338028166, "return_label": "-12.7%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 100}, {"week": "12 Jun", "return": -6.451612903225811, "return_label": "-6.5%", "tone": "negative", "trend": false, "buy_signal": false, "positive_md": true, "height": 53.7634408602151}]}, "groups": {"sector": {"scope": "HK Consumer Cyclical", "count": 100, "avg_weekly_return": -1.5145802094312462, "avg_four_week_return": -4.510112010325706, "avg_twelve_week_return": -3.361750243256944, "trend_breadth": 17.0, "positive_md_breadth": 26.0, "positive_rs_breadth": 30.0, "week_rank": null, "four_week_rank": null, "twelve_week_rank": null, "top_peers": [{"id": 44222, "symbol": "8603", "name": "Fameglow Holdings Limited", "exchange": "HKG", "url": "/terminal/1784d8a7-4e5e-43e5-a7d4-d33abd30a014/report/", "weekly_return": 32.96089385474862, "weekly_return_label": "33.0%", "weekly_return_tone": "positive", "four_week_return": 128.84615384615387, "four_week_return_label": "128.8%", "four_week_return_tone": "positive", "twelve_week_return": 81.67938931297711, "twelve_week_return_label": "81.7%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 41333, "symbol": "1626", "name": "Jia Yao Holdings Limited", "exchange": "HKG", "url": "/terminal/e93cb51e-6f65-4e8d-8b35-ce458fe9ad3c/report/", "weekly_return": 4.062681369704, "weekly_return_label": "4.1%", "weekly_return_tone": "positive", "four_week_return": 63.594890510948886, "four_week_return_label": "63.6%", "four_week_return_tone": "positive", "twelve_week_return": 331.00961538461536, "twelve_week_return_label": "331.0%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 41840, "symbol": "2025", "name": "Ruifeng Power Group Company Limited", "exchange": "HKG", "url": "/terminal/c44a870f-a013-4712-b2c9-7d5ab4dc5700/report/", "weekly_return": 8.8757396449704, "weekly_return_label": "8.9%", "weekly_return_tone": "positive", "four_week_return": 26.89655172413793, "four_week_return_label": "26.9%", "four_week_return_tone": "positive", "twelve_week_return": -17.241379310344833, "twelve_week_return_label": "-17.2%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": true}, {"id": 44503, "symbol": "9992", "name": "Pop Mart International Group Limited", "exchange": "HKG", "url": "/terminal/e78a2845-790e-44ef-85e4-69f9ecdab5e3/report/", "weekly_return": 3.7415001272619137, "weekly_return_label": "3.7%", "weekly_return_tone": "positive", "four_week_return": 20.078744884989963, "four_week_return_label": "20.1%", "four_week_return_tone": "positive", "twelve_week_return": -11.143776536328472, "twelve_week_return_label": "-11.1%", "twelve_week_return_tone": "negative", "trend_active": false, "positive_md": false, "positive_rs": false}, {"id": 41708, "symbol": "1929", "name": "Chow Tai Fook Jewellery Group Limited", "exchange": "HKG", "url": "/terminal/9a420420-1bd7-4578-bb77-89e6a01ff468/report/", "weekly_return": 10.335917312661508, "weekly_return_label": "10.3%", "weekly_return_tone": "positive", "four_week_return": 15.509467989179445, "four_week_return_label": "15.5%", "four_week_return_tone": "positive", "twelve_week_return": 14.579606440071563, "twelve_week_return_label": "14.6%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": true}]}, "industry": {"scope": "HK Specialty Retail", "count": 26, "avg_weekly_return": -2.7465999698513883, "avg_four_week_return": -3.324150074546451, "avg_twelve_week_return": 15.107792730256016, "trend_breadth": 30.76923076923077, "positive_md_breadth": 46.15384615384615, "positive_rs_breadth": 34.61538461538461, "week_rank": 20, "four_week_rank": 23, "twelve_week_rank": 13, "top_peers": [{"id": 43409, "symbol": "6188", "name": "Beijing Digital Telecom Co., Ltd.", "exchange": "HKG", "url": "/terminal/a01202c3-0d42-4c80-a386-26818d015722/report/", "weekly_return": -2.9411764705882377, "weekly_return_label": "-2.9%", "weekly_return_tone": "negative", "four_week_return": 94.11764705882352, "four_week_return_label": "94.1%", "four_week_return_tone": "positive", "twelve_week_return": 60.97560975609758, "twelve_week_return_label": "61.0%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 44107, "symbol": "8395", "name": "ZXZN Qi-House Holdings Limited", "exchange": "HKG", "url": "/terminal/fea6994f-1e09-464a-81d5-e2c3667dce9c/report/", "weekly_return": -1.6528925619834725, "weekly_return_label": "-1.7%", "weekly_return_tone": "negative", "four_week_return": 38.37209302325581, "four_week_return_label": "38.4%", "four_week_return_tone": "positive", "twelve_week_return": 466.6666666666667, "twelve_week_return_label": "466.7%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 42186, "symbol": "2347", "name": "Yoho Group Holdings Limited", "exchange": "HKG", "url": "/terminal/7b2c0376-1b55-4704-b3c3-267be91a2a35/report/", "weekly_return": -7.954545454545449, "weekly_return_label": "-8.0%", "weekly_return_tone": "negative", "four_week_return": 14.084507042253536, "four_week_return_label": "14.1%", "four_week_return_tone": "positive", "twelve_week_return": 19.11764705882353, "twelve_week_return_label": "19.1%", "twelve_week_return_tone": "positive", "trend_active": true, "positive_md": true, "positive_rs": true}, {"id": 43320, "symbol": "6033", "name": "Telecom Digital Holdings Limited", "exchange": "HKG", "url": "/terminal/ee5b92d3-4970-4bab-a9ed-ccddcd1b5e40/report/", "weekly_return": 0.0, "weekly_return_label": "0.0%", "weekly_return_tone": "neutral", "four_week_return": 8.928571428571416, "four_week_return_label": "8.9%", "four_week_return_tone": "positive", "twelve_week_return": 3.3898305084745797, "twelve_week_return_label": "3.4%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": false}, {"id": 42270, "symbol": "2411", "name": "Shenzhen Pagoda Industrial (Group) Corporation Limited", "exchange": "HKG", "url": "/terminal/93c9bea6-3d47-408d-9ead-97ac2e98ed87/report/", "weekly_return": -0.24460977423623997, "weekly_return_label": "-0.2%", "weekly_return_tone": "negative", "four_week_return": 6.744664844124021, "four_week_return_label": "6.7%", "four_week_return_tone": "positive", "twelve_week_return": 0.6024096385542175, "twelve_week_return_label": "0.6%", "twelve_week_return_tone": "positive", "trend_active": false, "positive_md": true, "positive_rs": false}]}}, "dynamics": {"market_dynamics": "0.59", "market_dynamics_tone": "positive", "md_4_change": "-6.5%", "relative_strength": "-83.89", "rs_4_change": "-5.9%", "expectation": "Negative", "expectation_probability": "22.72%"}, "volume": {"latest": "1.9M", "average_13": "12.3M", "average_52": "21.9M", "ratio_13": "0.2x", "ratio_52": "0.1x"}, "risk": {"volatility_13": "13.6%", "volatility_52": "22.7%", "downside_weeks": 34, "upside_weeks": 16, "downside_breadth": "65.4%", "average_gain": "24.2%", "average_loss": "-10.8%"}, "signals": [{"label": "Trend Signal", "value": "Inactive", "tone": "negative"}, {"label": "Market Dynamics", "value": "No fresh buy", "tone": "neutral"}, {"label": "Price vs Trend", "value": "-49.7%", "tone": "negative"}, {"label": "Volume", "value": "0.2x", "tone": "neutral"}], "opportunities": ["Market Dynamics is positive on the latest completed week."], "risks": ["Trend Signal is inactive, so price action has not confirmed a constructive regime.", "Price is below the Trend Line, which keeps downside pressure in focus.", "Price is below Fair Value, so the market is still discounting the latest tape.", "The share remains more than 20% below its 52-week high.", "The latest week was a sharp negative move."], "watch_points": ["Trend Line remains the key weekly regime level.", "Market Dynamics is the pressure gauge to monitor for confirmation or fade.", "A volume ratio above 1.5x would show stronger participation in the next move."], "recent_rows": [{"week": "2026-06-12", "close": "0.58 HKD", "weekly_return": -6.451612903225811, "weekly_return_label": "-6.5%", "weekly_return_tone": "negative", "trend_line": "1.15 HKD", "fair_value": "1.72 HKD", "market_dynamics": "0.59", "relative_strength": "-83.89", "volume": "1.9M", "trend_signal": "Off"}, {"week": "2026-06-05", "close": "0.62 HKD", "weekly_return": -12.676056338028166, "weekly_return_label": "-12.7%", "weekly_return_tone": "negative", "trend_line": "1.41 HKD", "fair_value": "1.72 HKD", "market_dynamics": "0.68", "relative_strength": "-83.08", "volume": "3.4M", "trend_signal": "Off"}, {"week": "2026-05-29", "close": "0.71 HKD", "weekly_return": -8.974358974358982, "weekly_return_label": "-9.0%", "weekly_return_tone": "negative", "trend_line": "1.67 HKD", "fair_value": "1.72 HKD", "market_dynamics": "0.79", "relative_strength": "-80.86", "volume": "4.2M", "trend_signal": "Off"}, {"week": "2026-05-22", "close": "0.78 HKD", "weekly_return": -2.500000000000002, "weekly_return_label": "-2.5%", "weekly_return_tone": "negative", "trend_line": "1.94 HKD", "fair_value": "1.72 HKD", "market_dynamics": "0.76", "relative_strength": "-79.37", "volume": "16.6M", "trend_signal": "Off"}, {"week": "2026-05-15", "close": "0.80 HKD", "weekly_return": 1.2658227848101276, "weekly_return_label": "1.3%", "weekly_return_tone": "positive", "trend_line": "2.21 HKD", "fair_value": "1.72 HKD", "market_dynamics": "0.63", "relative_strength": "-79.19", "volume": "14.4M", "trend_signal": "Off"}, {"week": "2026-05-08", "close": "0.79 HKD", "weekly_return": 23.437500000000004, "weekly_return_label": "23.4%", "weekly_return_tone": "positive", "trend_line": "2.49 HKD", "fair_value": "1.72 HKD", "market_dynamics": "0.49", "relative_strength": "-79.86", "volume": "31.8M", "trend_signal": "Off"}, {"week": "2026-05-01", "close": "0.64 HKD", "weekly_return": -5.8823529411764754, "weekly_return_label": "-5.9%", "weekly_return_tone": "negative", "trend_line": "2.77 HKD", "fair_value": "1.72 HKD", "market_dynamics": "0.29", "relative_strength": "-83.33", "volume": "43.0M", "trend_signal": "Off"}, {"week": "2026-04-24", "close": "0.68 HKD", "weekly_return": 37.373737373737384, "weekly_return_label": "37.4%", "weekly_return_tone": "positive", "trend_line": "3.09 HKD", "fair_value": "1.72 HKD", "market_dynamics": "0.16", "relative_strength": "-82.52", "volume": "15.9M", "trend_signal": "Off"}, {"week": "2026-04-17", "close": "0.49 HKD", "weekly_return": 1.020408163265307, "weekly_return_label": "1.0%", "weekly_return_tone": "positive", "trend_line": "3.31 HKD", "fair_value": "1.72 HKD", "market_dynamics": "0.08", "relative_strength": "-87.43", "volume": "4.2M", "trend_signal": "Off"}, {"week": "2026-04-10", "close": "0.49 HKD", "weekly_return": -2.0000000000000018, "weekly_return_label": "-2.0%", "weekly_return_tone": "negative", "trend_line": "3.50 HKD", "fair_value": "1.72 HKD", "market_dynamics": "0.03", "relative_strength": "-87.44", "volume": "2.7M", "trend_signal": "Off"}, {"week": "2026-04-03", "close": "0.50 HKD", "weekly_return": -10.714285714285724, "weekly_return_label": "-10.7%", "weekly_return_tone": "negative", "trend_line": "3.71 HKD", "fair_value": "1.72 HKD", "market_dynamics": "-0.01", "relative_strength": "-86.79", "volume": "6.4M", "trend_signal": "Off"}, {"week": "2026-03-27", "close": "0.56 HKD", "weekly_return": -5.08474576271185, "weekly_return_label": "-5.1%", "weekly_return_tone": "negative", "trend_line": "3.96 HKD", "fair_value": "1.72 HKD", "market_dynamics": "-0.15", "relative_strength": "-85.10", "volume": "6.7M", "trend_signal": "Off"}, {"week": "2026-03-20", "close": "0.59 HKD", "weekly_return": 1.7241379310344844, "weekly_return_label": "1.7%", "weekly_return_tone": "positive", "trend_line": "4.21 HKD", "fair_value": "1.73 HKD", "market_dynamics": "-0.36", "relative_strength": "-84.50", "volume": "8.6M", "trend_signal": "Off"}, {"week": "2026-03-13", "close": "0.58 HKD", "weekly_return": -19.444444444444446, "weekly_return_label": "-19.4%", "weekly_return_tone": "negative", "trend_line": "4.48 HKD", "fair_value": "1.73 HKD", "market_dynamics": "-0.65", "relative_strength": "-84.87", "volume": "6.2M", "trend_signal": "Off"}], "chart_url": "/terminal/d8e6030e-3b0b-4890-9abe-060985fa09fa/", "api_path": "/terminal/d8e6030e-3b0b-4890-9abe-060985fa09fa/report/api/"}