{ "schema_version": "stock-research-2.1.1", "calculation_version": "v19-evidence-1.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": "冻结V18实际使用的CAS、SLEEVE04、z5及原MRC模块；非旧R15协议" }, "execution_version": "t-watch-1.1.0", "trade_date": "2026-10-09", "updated_at": "2026-10-10T23:02:14.509613+08:00", "stock_count": 16, "stocks": [ { "symbol": "002371", "windcode": "002371.SZ", "name": "北方华创", "sector": "半导体设备", "trade_date": "2026-10-09", "model_date": "2026-10-09", "schema_version": "stock-research-2.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": "冻结V18实际使用的CAS、SLEEVE04、z5及原MRC模块；非旧R15协议" }, "calculation_version": "v19-evidence-1.1.1", "execution_version": "t-watch-1.1.0", "daily_current": { "date": "2026-10-09", 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"end_date": "2026-10-09" }, "10": { "stock_return_percent": -10.737917982246081, "benchmark_return_percent": -3.204145142775139, "excess_percentage_points": -7.5337728394709425, "end_date": "2026-10-09" }, "20": { "stock_return_percent": -9.423180821924282, "benchmark_return_percent": -5.169156829753674, "excess_percentage_points": -4.254023992170608, "end_date": "2026-10-09" }, "60": { "stock_return_percent": -32.374871194173124, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": -20.910054560283974, "end_date": "2026-10-09" } } }, "sector_role": { "classification": null, "research_pool_role": "中军", "protocol_version": "research-pool-role-1.0.0", "role_effective_date": "2026-10-09", "industry_role": null, "reason": "全行业地位未核验；单独给出固定研究池统计角色，不混为行业身份" }, "sector_synchronization": { "leader": false, "core": false, "laggards": null, "leader_core": true, "leader_stabilizes_first": false, "breadth_deterioration": false, "selected_peer_observations": [ { "symbol": "002371", "name": "北方华创", "role": "中军", "return_percent": -1.0461087420042814, "amount_cny": 4745376862 }, { "symbol": "688012", "name": "中微公司", "role": "龙头", "return_percent": -0.715106627506068, "amount_cny": 5634388327 } ], "scope": "固定研究池统计角色；非全行业已核验龙头/中军身份，不代替个股模型。医药池是CXO/CDMO与原料药观察池，不代表全部创新药。" }, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "本股独立Wind2归档及冻结模型", "stock_source_manifest_sha256": "1b93b42df811ce584430b094c9d2bec5e97b57562a6f559269a146bb7cbc92bc", "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/002371/latest.json" } ] }, "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "research_role": { "sector": "半导体设备", "role": "core", "effective_from": "2026-10-09", "recorded_at": "2026-10-10T17:21:12.062530+08:00", "protocol_version": "research-pool-role-1.0.0", "description": "仅代表本站固定研究池中的统计结构角色，不代表绝对行业地位；按所属日另行封存，不回填旧历史", "data_incomplete": false }, "schema_effective_trade_date": "2026-10-09", "models": { "CAS": { "native_state": "LONG_TREND_WEAKENING", "record_state": { "CAS_mom120": 0.24677846769374656, "CAS_permission": true }, "symbol": "002371", "trade_date": "2026-10-09", "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "SLEEVE04": { "symbol": "002371", "trade_date": "2026-10-09", "native_state": { "sleeve_trigger": false, "sleeve_held": false, "repair": false, "bottom_trial": false, "false_stability": true }, "record_state": { "confirmed_repair": false, "trial_confirmation_days": 0 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "z5": { "symbol": "002371", "trade_date": "2026-10-09", "native_state": { "z5": -1.9643196460443015, "dz1": 0.22737855960187514, "new_price_contribution": -0.2076249037165014 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "MCR": { "symbol": "002371", "trade_date": "2026-10-09", "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE", "risk_cap": 0, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } } }, "models_history_last5": [ { "date": "2026-09-28", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.55385265795961, "dz1": -1.17385030219556 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-29", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.4331432649278733, "dz1": 0.12070939303173667 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-30", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.8770626207963574, "dz1": -0.4439193558684842 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-10-08", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -2.1916982056461767, "dz1": -0.31463558484981924 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-10-09", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.9643196460443015, "dz1": 0.22737855960187514 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } } ], "vwap_structure": { "date": "2026-10-09", "vwap": 581.6252471251364, "close": 594.04, "distance_to_vwap_percent": 2.134493462281317, "time_above_vwap_percent": null, "time_below_vwap_percent": null, "bar_close_time_proxy_above_percent": 56.25, "bar_close_time_proxy_below_percent": 43.75, "first_break_below_bar_end": "2026-10-09T10:00:00.000+08:00", "first_reclaim_bar_end": "2026-10-09T13:15:00.000+08:00", "closed_above_vwap": true, "crossing_time_basis": "15分钟收盘采样；实际穿越时刻及区间内停留时间未知" }, "supply_zone": { "first": { "lower": 624.0375, "upper": 629.45, "volume_shares": 9996549, "amount_cny": 6262934219, "bar_count": 30, "volume_share": 0.08133285380285143, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 5.5053110901623, "zone_center_price": 626.7437500000001, "distance_to_zone_percent": 5.5053110901623, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "second": { "lower": 629.45, "upper": 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"trend_permission": { "CAS_permission": true, "MCR_original": "DEFENSIVE", "MCR_effective": "DEFENSIVE", "risk_cap": 0, "direction_60m": "下行", "daily_direction": "下行", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": false, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": null, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "LH_LL", "behavior_state": "rebound_turnover" }, "etf_environment": { "symbol": "512480.SH", "price": 0.911, "shares": 21098007200, "shares_date": "2026-10-09", "share_change": { "1": 204000000, "5": 1392000000, "20": 1316000000 }, "premium_discount_percent": -0.35, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "volume_unit", "snapshot_share_date" ], "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "Wind2日度份额及行情快照；详细口径见ETF接口" } ] } }, "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/002371/latest.json" }, { "symbol": "601398", "windcode": "601398.SH", "name": "工商银行", "sector": "银行", "trade_date": "2026-10-09", "model_date": "2026-10-09", "schema_version": "stock-research-2.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": "冻结V18实际使用的CAS、SLEEVE04、z5及原MRC模块；非旧R15协议" }, "calculation_version": "v19-evidence-1.1.1", "execution_version": "t-watch-1.1.0", "daily_current": { "date": "2026-10-09", "open": 8.33, "high": 8.37, "low": 8.21, "close": 8.22, "amount": 2810588785, "volume": 338703258, "previous_close": 8.31, "change_percent": -1.0830324909747224, "amplitude_percent": 1.9253910950661657, "adjusted_change_percent": -1.0833725859632604, "high_5": 8.38, "low_5": 8.1, "high_10": 8.38, "low_10": 8, "high_20": 8.38, "low_20": 7.85, "high_60": 8.38, "low_60": 7.23 }, "price_structure": { "high_sequence": "LH", "low_sequence": "LL", "state": "LH/LL", "prior_day_high": 8.38, "prior_day_low": 8.23, "breakout_previous_high": false, "break_previous_low_and_reclaim": false, "distance_to_prior20_high_percent": 1.9464720194647216, "distance_to_prior60_high_percent": 1.9464720194647216 }, "relative_strength": { "benchmark_symbol": "000300.SH", "benchmark_name": "沪深300", "basis": "本股后复权价收益减沪深300价格指数收益，非含息全收益基准", "windows": { "5": { "stock_return_percent": 1.1073663938372613, "benchmark_return_percent": -2.7458021148240475, "excess_percentage_points": 3.8531685086613088, "end_date": "2026-10-09" }, "10": { "stock_return_percent": 1.0101010101010166, "benchmark_return_percent": -3.204145142775139, "excess_percentage_points": 4.2142461528761554, "end_date": "2026-10-09" }, "20": { "stock_return_percent": 1.4983083615273118, "benchmark_return_percent": -5.169156829753674, "excess_percentage_points": 6.667465191280986, "end_date": "2026-10-09" }, "60": { "stock_return_percent": 13.085621970920847, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": 24.550438604809997, "end_date": "2026-10-09" } } }, "sector_role": { "classification": null, "method": null, "reason": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推" }, "sector_synchronization": { "leader": null, "core": null, "laggards": null, "selected_peer_observations": [ { "symbol": "601398", "name": "工商银行", "trade_date": "2026-10-09", "adjusted_return_5day_percent": 1.1073663938372613, "excess_20day_pp": 6.667465191280986 } ], "reason": "仅保存已核验个股序列；不猜测全行业地位" }, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "research_role.role", "sector_synchronization.leader", "sector_synchronization.core", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "research_role.role": "该股不属于固定三研究观察池，未定义可核验池内角色；不扩大股票池或臆造行业地位", "sector_synchronization.leader": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.core": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "本股独立Wind2归档及冻结模型", "stock_source_manifest_sha256": "8627e33ca2795e32bac236f159fb6500329f10fe473a5115732308e9ac68974b", "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/601398/latest.json" } ] }, "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "research_role.role", "sector_synchronization.leader", "sector_synchronization.core", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "research_role.role": "该股不属于固定三研究观察池，未定义可核验池内角色；不扩大股票池或臆造行业地位", "sector_synchronization.leader": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.core": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "research_role": { "sector": "银行", "role": null, "effective_from": "2026-10-09", "recorded_at": "2026-10-10T17:21:12.062530+08:00", "protocol_version": "research-pool-role-1.0.0", "description": "仅代表本站固定研究池中的统计结构角色，不代表绝对行业地位；按所属日另行封存，不回填旧历史", "data_incomplete": true }, "schema_effective_trade_date": "2026-10-09", "models": { "CAS": { "native_state": "LONG_TREND_WEAKENING", "record_state": { "CAS_mom120": 0.15068493150684925, "CAS_permission": true }, "symbol": "601398", "trade_date": "2026-10-09", "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "SLEEVE04": { "symbol": "601398", "trade_date": "2026-10-09", "native_state": { "sleeve_trigger": false, "sleeve_held": false, "repair": false, "bottom_trial": false, "false_stability": false }, "record_state": { "confirmed_repair": false, "trial_confirmation_days": 0 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "z5": { "symbol": "601398", "trade_date": "2026-10-09", "native_state": { "z5": 0.5713603135595157, "dz1": -0.777372410419137, "new_price_contribution": -0.5512767593255165 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "MCR": { "symbol": "601398", "trade_date": "2026-10-09", "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL", "risk_cap": 1, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } } }, "models_history_last5": [ { "date": "2026-09-28", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.410052133169955, "dz1": 0.45063403079843933 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-09-29", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.29476971195041657, "dz1": -0.11528242121953841 }, "MCR": { "original_MRC_risk": "NORMAL", 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"legacy_behavior_label": "换手", "structural_direction": "TRANSITION", "behavior_state": "breakdown", "description": "过渡结构中的跌破观察", "price_basis": "unadjusted_market_price" } }, "t_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_below_vwap", "structural_direction_TRANSITION", "behavior_state_breakdown", "mcr_normal", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": true, "MCR_original": "NORMAL", "MCR_effective": "NORMAL", "risk_cap": 1, "direction_60m": "震荡", "daily_direction": "下行", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": false, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": null, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "TRANSITION", "behavior_state": "breakdown" }, "etf_environment": { "symbol": "512800.SH", "price": 0.85, "shares": 11625879900, "shares_date": "2026-10-09", "share_change": { "1": -5400000, "5": -121800000, "20": -112800000 }, "premium_discount_percent": -1.094, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "volume_unit", "snapshot_share_date" ], "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "Wind2日度份额及行情快照；详细口径见ETF接口" } ] } }, "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/601398/latest.json" }, { "symbol": "600900", "windcode": "600900.SH", "name": "长江电力", "sector": "电力", "trade_date": "2026-10-09", "model_date": "2026-10-09", "schema_version": "stock-research-2.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": 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"本股后复权价收益减沪深300价格指数收益，非含息全收益基准", "windows": { "5": { "stock_return_percent": 2.2240303770002745, "benchmark_return_percent": -2.7458021148240475, "excess_percentage_points": 4.969832491824322, "end_date": "2026-10-09" }, "10": { "stock_return_percent": 1.864864864864857, "benchmark_return_percent": -3.204145142775139, "excess_percentage_points": 5.069010007639996, "end_date": "2026-10-09" }, "20": { "stock_return_percent": 1.9291445055440226, "benchmark_return_percent": -5.169156829753674, "excess_percentage_points": 7.0983013352976965, "end_date": "2026-10-09" }, "60": { "stock_return_percent": 7.399316109422482, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": 18.864132743311636, "end_date": "2026-10-09" } } }, "sector_role": { "classification": null, "method": null, "reason": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推" }, "sector_synchronization": { "leader": null, "core": null, "laggards": null, "selected_peer_observations": [ { "symbol": "600900", "name": "长江电力", "trade_date": "2026-10-09", "adjusted_return_5day_percent": 2.2240303770002745, "excess_20day_pp": 7.0983013352976965 } ], "reason": "仅保存已核验个股序列；不猜测全行业地位" }, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "research_role.role", "sector_synchronization.leader", "sector_synchronization.core", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "research_role.role": "该股不属于固定三研究观察池，未定义可核验池内角色；不扩大股票池或臆造行业地位", "sector_synchronization.leader": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.core": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "本股独立Wind2归档及冻结模型", "stock_source_manifest_sha256": "701f971cf10bba665731c05f00a7e8b56fcb291a80dc5f1a4d3cb2bb20f830d9", "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/600900/latest.json" } ] }, "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "research_role.role", "sector_synchronization.leader", "sector_synchronization.core", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "research_role.role": "该股不属于固定三研究观察池，未定义可核验池内角色；不扩大股票池或臆造行业地位", "sector_synchronization.leader": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.core": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "research_role": { "sector": "电力", "role": null, "effective_from": "2026-10-09", "recorded_at": "2026-10-10T17:21:12.062530+08:00", "protocol_version": "research-pool-role-1.0.0", "description": "仅代表本站固定研究池中的统计结构角色，不代表绝对行业地位；按所属日另行封存，不回填旧历史", "data_incomplete": true }, "schema_effective_trade_date": "2026-10-09", "models": { "CAS": { "native_state": "LONG_TREND_STRONG", "record_state": { "CAS_mom120": 0.12968328504346083, "CAS_permission": true }, "symbol": "600900", "trade_date": "2026-10-09", "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "SLEEVE04": { "symbol": "600900", "trade_date": "2026-10-09", "native_state": { "sleeve_trigger": false, "sleeve_held": false, "repair": true, "bottom_trial": false, "false_stability": false }, "record_state": { "confirmed_repair": false, "trial_confirmation_days": 0 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "z5": { "symbol": "600900", "trade_date": "2026-10-09", "native_state": { "z5": 1.2899016944480777, "dz1": -0.3329893633862142, "new_price_contribution": 0.17575450916763813 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "MCR": { "symbol": "600900", "trade_date": "2026-10-09", "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL", "risk_cap": 1, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } } }, "models_history_last5": [ { "date": "2026-09-28", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": true }, "z5": { "z5": 0.5518786295875137, "dz1": 0.7487141221815851 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-09-29", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.5404270203372723, "dz1": -0.011451609250241357 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-09-30", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 1.044495103582995, "dz1": 0.5040680832457227 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-10-08", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 1.6228910578342919, "dz1": 0.5783959542512969 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-10-09", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 1.2899016944480777, "dz1": -0.3329893633862142 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } } ], "vwap_structure": { "date": "2026-10-09", "vwap": 29.143359066786534, "close": 28.99, "distance_to_vwap_percent": -0.526223028838535, "time_above_vwap_percent": null, "time_below_vwap_percent": null, "bar_close_time_proxy_above_percent": 50, "bar_close_time_proxy_below_percent": 50, "first_break_below_bar_end": "2026-10-09T13:15:00.000+08:00", "first_reclaim_bar_end": null, "closed_above_vwap": false, "crossing_time_basis": "15分钟收盘采样；实际穿越时刻及区间内停留时间未知" }, "supply_zone": { "first": null, "second": null, "prior20_high": 28.97, "prior60_high": 29.57 }, "support_zone": { "first": { "lower": 28.515, "upper": 28.588749999999997, "volume_shares": 163232146, "amount_cny": 4660376414, "bar_count": 36, "volume_share": 0.0930440885427006, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -1.5112969989651586, "zone_center_price": 28.551875, "distance_to_zone_percent": -1.5112969989651586, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, "second": { "lower": 28.44125, "upper": 28.515, "volume_shares": 290712620, "amount_cny": 8277913277, "bar_count": 59, "volume_share": 0.16570933739828717, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -1.7656950672645735, "zone_center_price": 28.478125, "distance_to_zone_percent": -1.7656950672645735, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, "potential_support_zones": [ { "lower": 28.515, "upper": 28.588749999999997, "volume_shares": 163232146, "amount_cny": 4660376414, "bar_count": 36, "volume_share": 0.0930440885427006, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -1.5112969989651586, "zone_center_price": 28.551875, "distance_to_zone_percent": -1.5112969989651586, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 28.44125, "upper": 28.515, "volume_shares": 290712620, "amount_cny": 8277913277, "bar_count": 59, "volume_share": 0.16570933739828717, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -1.7656950672645735, "zone_center_price": 28.478125, "distance_to_zone_percent": -1.7656950672645735, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 28.3675, "upper": 28.44125, "volume_shares": 158350297, "amount_cny": 4498131410, "bar_count": 37, "volume_share": 0.09026138181648936, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -2.020093135563976, "zone_center_price": 28.404375, "distance_to_zone_percent": -2.020093135563976, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 28.29375, "upper": 28.3675, "volume_shares": 127002637, "amount_cny": 3596960623, "bar_count": 19, "volume_share": 0.07239287659787591, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -2.2744912038634038, "zone_center_price": 28.330624999999998, "distance_to_zone_percent": -2.2744912038634038, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 28.1825, "upper": 28.275000000000002, "volume_shares": 478516558, "amount_cny": 13509047416, "bar_count": 63, "volume_share": 0.07072995446531763, "window": 60, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -2.6259054846498686, "zone_center_price": 28.22875, "distance_to_zone_percent": -2.6259054846498686, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 28.072499999999998, "upper": 28.14625, "volume_shares": 176416472, "amount_cny": 4956889406, "bar_count": 34, "volume_share": 0.10055929694852422, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -3.0376854087616367, "zone_center_price": 28.109375, "distance_to_zone_percent": -3.0376854087616367, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 27.998749999999998, "upper": 28.072499999999998, "volume_shares": 191093867, "amount_cny": 5357276154, "bar_count": 40, "volume_share": 0.10892557083158762, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -3.2920834770610643, "zone_center_price": 28.035624999999996, "distance_to_zone_percent": -3.2920834770610643, "zone_direction": "below", "price_basis": "unadjusted_market_price" } ], "method": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "zone_absence_semantics": "null区表示所选密集区中无符合位置的候选，不代表不存在真实供应/承接", "price_basis": "unadjusted_market_price" }, "acceptance_quality": { "state": "混合/待确认", "evidence": { "higher_low_days": 4, "above_vwap_days": 2, "upper_half_close_days": 3 }, "interpretation_limit": "量价结构观察，不证明机构吸筹、净买入或抛压衰竭" }, "trading_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_below_vwap", "structural_direction_HH_HL", "behavior_state_breakout_attempt", "mcr_normal", "no_confirmed_repair" ], "confidence": null, "trend_permission": { "CAS_permission": true, "MCR_original": "NORMAL", "MCR_effective": "NORMAL", "risk_cap": 1, "direction_60m": "震荡", "daily_direction": "震荡", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": false, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": null, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "HH_HL", "behavior_state": "breakout_attempt", "structure_60m": { "direction": "震荡", "confirmed_structure": { "high_sequence": "HH", "low_sequence": "LL", "state": "HH/LL", "last_confirmed_highs": [ { "time": "2026-10-08T10:30:00.000+08:00", "price": 28.97 }, { "time": "2026-10-09T11:30:00.000+08:00", "price": 29.4 } ], "last_confirmed_lows": [ { "time": "2026-09-29T11:30:00.000+08:00", "price": 28.35 }, { "time": "2026-09-30T10:30:00.000+08:00", "price": 28.33 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "recent_high": 29.4, "recent_low": 27.93, "aligned_with_daily": true, "volume_price": { "last4_amount": 3879076274, "previous4_amount": 3270960934 }, "price_basis": "unadjusted_market_price", "structural_direction": "TRANSITION", "behavior_state": "neutral", "behavior_evidence": { "completed_60m_bar_count": 4, "first_open": 28.98, "last_close": 28.99, "session_vwap": 29.143359066786534, "classification_scope": "60m observed rebound; otherwise neutral, no calibrated behavior probability" } }, "structure_15m": { "state": "上升结构中的突破尝试", "confirmed_structure": { "high_sequence": "HH", "low_sequence": "HL", "state": "HH/HL", "last_confirmed_highs": [ { "time": "2026-10-08T11:00:00.000+08:00", "price": 28.95 }, { "time": "2026-10-09T10:45:00.000+08:00", "price": 29.4 } ], "last_confirmed_lows": [ { "time": "2026-10-08T13:45:00.000+08:00", "price": 28.8 }, { "time": "2026-10-09T14:30:00.000+08:00", "price": 28.95 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "flags": { "low_volume_retest": false, "high_volume_breakout": true, "high_volume_stagnation": true, "break_and_reclaim_previous_low": false, "spike_and_pullback": false, "Higher_Low": true, "Lower_High": false }, "legacy_behavior_label": "换手", "structural_direction": "HH_HL", "behavior_state": "breakout_attempt", "description": "上升结构中的突破尝试", "price_basis": "unadjusted_market_price" } }, "t_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_below_vwap", "structural_direction_HH_HL", "behavior_state_breakout_attempt", "mcr_normal", "no_confirmed_repair" ], "confidence": null, "trend_permission": { "CAS_permission": true, "MCR_original": "NORMAL", "MCR_effective": "NORMAL", "risk_cap": 1, "direction_60m": "震荡", "daily_direction": "震荡", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": false, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": null, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "HH_HL", "behavior_state": "breakout_attempt" }, "etf_environment": { "symbol": "510880.SH", "price": 3.431, "shares": 5616675700, "shares_date": "2026-10-09", "share_change": { "1": 2500000, "5": -48000000, "20": 23500000 }, "premium_discount_percent": 0.501, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "volume_unit", "snapshot_share_date" ], "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "Wind2日度份额及行情快照；详细口径见ETF接口" } ] } }, "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/600900/latest.json" }, { "symbol": "600941", "windcode": "600941.SH", "name": "中国移动", "sector": "电信运营", "trade_date": "2026-10-09", "model_date": "2026-10-09", "schema_version": "stock-research-2.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": "冻结V18实际使用的CAS、SLEEVE04、z5及原MRC模块；非旧R15协议" }, "calculation_version": "v19-evidence-1.1.1", "execution_version": "t-watch-1.1.0", "daily_current": { "date": "2026-10-09", "open": 97.68, "high": 98.88, "low": 97.58, "close": 97.98, "amount": 1262727746, "volume": 12830742, "previous_close": 97.96, "change_percent": 0.020416496529196415, "amplitude_percent": 1.3270722743977106, "adjusted_change_percent": 0.02409638554217164, "high_5": 98.88, "low_5": 94.13, "high_10": 98.88, "low_10": 94.13, "high_20": 100.88, "low_20": 94.13, "high_60": 101, "low_60": 88 }, "price_structure": { "high_sequence": "LH", "low_sequence": "LL", "state": "LH/LL", "prior_day_high": 98.1, "prior_day_low": 95.77, "breakout_previous_high": false, "break_previous_low_and_reclaim": false, "distance_to_prior20_high_percent": 3.082261686058375, "distance_to_prior60_high_percent": 3.082261686058375 }, "relative_strength": { "benchmark_symbol": "000300.SH", "benchmark_name": "沪深300", "basis": "本股后复权价收益减沪深300价格指数收益，非含息全收益基准", "windows": { "5": { "stock_return_percent": 3.2073595226255636, "benchmark_return_percent": -2.7458021148240475, "excess_percentage_points": 5.953161637449611, "end_date": "2026-10-09" }, "10": { "stock_return_percent": 3.7922987164527466, "benchmark_return_percent": -3.204145142775139, "excess_percentage_points": 6.9964438592278855, "end_date": "2026-10-09" }, "20": { "stock_return_percent": 0.04016709511567296, "benchmark_return_percent": -5.169156829753674, "excess_percentage_points": 5.209323924869347, "end_date": "2026-10-09" }, "60": { "stock_return_percent": 13.373998543335762, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": 24.838815177224916, "end_date": "2026-10-09" } } }, "sector_role": { "classification": null, "method": null, "reason": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推" }, "sector_synchronization": { "leader": null, "core": null, "laggards": null, "selected_peer_observations": [ { "symbol": "600941", "name": "中国移动", "trade_date": "2026-10-09", "adjusted_return_5day_percent": 3.2073595226255636, "excess_20day_pp": 5.209323924869347 } ], "reason": "仅保存已核验个股序列；不猜测全行业地位" }, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "research_role.role", "sector_synchronization.leader", "sector_synchronization.core", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "research_role.role": "该股不属于固定三研究观察池，未定义可核验池内角色；不扩大股票池或臆造行业地位", "sector_synchronization.leader": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.core": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "本股独立Wind2归档及冻结模型", "stock_source_manifest_sha256": "0c584c2a2a04bb47d84304ae24991db27d16588a5cd38cc4eb84e1eaa26704a1", "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/600941/latest.json" } ] }, "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "research_role.role", "sector_synchronization.leader", "sector_synchronization.core", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "research_role.role": "该股不属于固定三研究观察池，未定义可核验池内角色；不扩大股票池或臆造行业地位", "sector_synchronization.leader": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.core": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "research_role": { "sector": "电信运营", "role": null, "effective_from": "2026-10-09", "recorded_at": "2026-10-10T17:21:12.062530+08:00", "protocol_version": "research-pool-role-1.0.0", "description": "仅代表本站固定研究池中的统计结构角色，不代表绝对行业地位；按所属日另行封存，不回填旧历史", "data_incomplete": true }, "schema_effective_trade_date": "2026-10-09", "models": { "CAS": { "native_state": "LONG_TREND_WEAKENING", "record_state": { "CAS_mom120": 0.0939998242993938, "CAS_permission": true }, "symbol": "600941", "trade_date": "2026-10-09", "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "SLEEVE04": { "symbol": "600941", "trade_date": "2026-10-09", "native_state": { "sleeve_trigger": false, "sleeve_held": false, "repair": true, "bottom_trial": false, "false_stability": false }, "record_state": { "confirmed_repair": false, "trial_confirmation_days": 0 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "z5": { "symbol": "600941", "trade_date": "2026-10-09", "native_state": { "z5": 1.6977117007584746, "dz1": -0.575973056267608, "new_price_contribution": 0.01312755586485744 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "MCR": { "symbol": "600941", "trade_date": "2026-10-09", "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL", "risk_cap": 1, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } } }, "models_history_last5": [ { "date": "2026-09-28", "CAS": "LONG_TREND_POSITIVE", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.6699820445928388, "dz1": 0.32752267740794777 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-09-29", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.9140656657766216, "dz1": 0.2440836211837828 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-09-30", "CAS": "LONG_TREND_POSITIVE", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 1.2533146349616162, "dz1": 0.3392489691849946 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-10-08", "CAS": "LONG_TREND_POSITIVE", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 2.2736847570260825, "dz1": 1.0203701220644663 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-10-09", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 1.6977117007584746, "dz1": -0.575973056267608 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } } ], "vwap_structure": { "date": "2026-10-09", "vwap": 98.41424182638853, "close": 97.98, "distance_to_vwap_percent": -0.44123880683303307, "time_above_vwap_percent": null, "time_below_vwap_percent": null, "bar_close_time_proxy_above_percent": 43.75, "bar_close_time_proxy_below_percent": 56.25, "first_break_below_bar_end": "2026-10-09T11:00:00.000+08:00", "first_reclaim_bar_end": "2026-10-09T11:15:00.000+08:00", "closed_above_vwap": false, "crossing_time_basis": "15分钟收盘采样；实际穿越时刻及区间内停留时间未知" }, "supply_zone": { "first": { "lower": 98.34875, "upper": 98.63, "volume_shares": 14405319, "amount_cny": 1418541117, "bar_count": 24, "volume_share": 0.0924670000416012, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 0.5198765054092584, "zone_center_price": 98.489375, "distance_to_zone_percent": 0.5198765054092584, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "second": null, "prior20_high": 101, "prior60_high": 101 }, "support_zone": { "first": { "lower": 97.505, "upper": 97.78625, "volume_shares": 21401111, "amount_cny": 2090308912, "bar_count": 46, "volume_share": 0.13737262824428337, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -0.34126862625026383, "zone_center_price": 97.645625, "distance_to_zone_percent": -0.34126862625026383, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, "second": { "lower": 97.22375, "upper": 97.505, "volume_shares": 13851446, "amount_cny": 1349113550, "bar_count": 34, "volume_share": 0.08891171780772344, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -0.6283170034701047, "zone_center_price": 97.364375, "distance_to_zone_percent": -0.6283170034701047, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, "potential_support_zones": [ { "lower": 97.505, "upper": 97.78625, "volume_shares": 21401111, "amount_cny": 2090308912, "bar_count": 46, "volume_share": 0.13737262824428337, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -0.34126862625026383, "zone_center_price": 97.645625, "distance_to_zone_percent": -0.34126862625026383, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 97.22375, "upper": 97.505, "volume_shares": 13851446, "amount_cny": 1349113550, "bar_count": 34, "volume_share": 0.08891171780772344, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -0.6283170034701047, "zone_center_price": 97.364375, "distance_to_zone_percent": -0.6283170034701047, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 96.9425, "upper": 97.22375, "volume_shares": 22404155, "amount_cny": 2174216318, "bar_count": 56, "volume_share": 0.1438111159716102, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -0.9153653806899454, "zone_center_price": 97.083125, "distance_to_zone_percent": -0.9153653806899454, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 96.38, "upper": 96.66125, "volume_shares": 13207681, "amount_cny": 1274876920, "bar_count": 28, "volume_share": 0.08477942345993555, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -1.489462135129627, "zone_center_price": 96.520625, "distance_to_zone_percent": -1.489462135129627, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 95.58333333333333, "upper": 96.125, "volume_shares": 69487564, "amount_cny": 6660714438, "bar_count": 104, "volume_share": 0.11208224033725843, "window": 60, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -2.1696604749268693, "zone_center_price": 95.85416666666666, "distance_to_zone_percent": -2.1696604749268693, "zone_direction": "below", "price_basis": "unadjusted_market_price" } ], "method": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "zone_absence_semantics": "null区表示所选密集区中无符合位置的候选，不代表不存在真实供应/承接", "price_basis": "unadjusted_market_price" }, "acceptance_quality": { "state": "混合/待确认", "evidence": { "higher_low_days": 3, "above_vwap_days": 2, "upper_half_close_days": 3 }, "interpretation_limit": "量价结构观察，不证明机构吸筹、净买入或抛压衰竭" }, "trading_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_below_vwap", "structural_direction_LH_LL", "behavior_state_supply_test", "mcr_normal", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": true, "MCR_original": "NORMAL", "MCR_effective": "NORMAL", "risk_cap": 1, "direction_60m": "震荡", "daily_direction": "下行", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": false, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": 0.8640940134286623, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "LH_LL", "behavior_state": "supply_test", "structure_60m": { "direction": "震荡", "confirmed_structure": { "high_sequence": "HH", "low_sequence": "LL", "state": "HH/LL", "last_confirmed_highs": [ { "time": "2026-09-29T10:30:00.000+08:00", "price": 98.12 }, { "time": "2026-10-09T11:30:00.000+08:00", "price": 98.88 } ], "last_confirmed_lows": [ { "time": "2026-09-29T10:30:00.000+08:00", "price": 96.92 }, { "time": "2026-09-30T10:30:00.000+08:00", "price": 94.13 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "recent_high": 98.88, "recent_low": 94.13, "aligned_with_daily": false, "volume_price": { "last4_amount": 1262727746, "previous4_amount": 1289069778 }, "price_basis": "unadjusted_market_price", "structural_direction": "TRANSITION", "behavior_state": "neutral", "behavior_evidence": { "completed_60m_bar_count": 4, "first_open": 97.68, "last_close": 97.98, "session_vwap": 98.41424182638853, "classification_scope": "60m observed rebound; otherwise neutral, no calibrated behavior probability" } }, "structure_15m": { "state": "下降结构中的供应测试", "confirmed_structure": { "high_sequence": "LH", "low_sequence": "LL", "state": "LH/LL", "last_confirmed_highs": [ { "time": "2026-10-09T10:45:00.000+08:00", "price": 98.88 }, { "time": "2026-10-09T13:15:00.000+08:00", "price": 98.69 } ], "last_confirmed_lows": [ { "time": "2026-10-09T13:30:00.000+08:00", "price": 98.22 }, { "time": "2026-10-09T14:15:00.000+08:00", "price": 97.92 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "flags": { "low_volume_retest": false, "high_volume_breakout": false, "high_volume_stagnation": true, "break_and_reclaim_previous_low": false, "spike_and_pullback": false, "Higher_Low": false, "Lower_High": true }, "legacy_behavior_label": "供应测试", "structural_direction": "LH_LL", "behavior_state": "supply_test", "description": "下降结构中的供应测试", "price_basis": "unadjusted_market_price" } }, "t_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_below_vwap", "structural_direction_LH_LL", "behavior_state_supply_test", "mcr_normal", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": true, "MCR_original": "NORMAL", "MCR_effective": "NORMAL", "risk_cap": 1, "direction_60m": "震荡", "daily_direction": "下行", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": false, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": 0.8640940134286623, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "LH_LL", "behavior_state": "supply_test" }, "etf_environment": { "symbol": "510880.SH", "price": 3.431, "shares": 5616675700, "shares_date": "2026-10-09", "share_change": { "1": 2500000, "5": -48000000, "20": 23500000 }, "premium_discount_percent": 0.501, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "volume_unit", "snapshot_share_date" ], "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "Wind2日度份额及行情快照；详细口径见ETF接口" } ] } }, "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/600941/latest.json" }, { "symbol": "601088", "windcode": "601088.SH", "name": "中国神华", "sector": "煤炭与能源", "trade_date": "2026-10-09", "model_date": "2026-10-09", "schema_version": "stock-research-2.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": "冻结V18实际使用的CAS、SLEEVE04、z5及原MRC模块；非旧R15协议" }, "calculation_version": "v19-evidence-1.1.1", "execution_version": "t-watch-1.1.0", "daily_current": { "date": "2026-10-09", "open": 47.48, "high": 49.2, "low": 47.33, "close": 48.4, "amount": 2248003087, "volume": 46331374, "previous_close": 47.49, "change_percent": 1.9161928827121422, "amplitude_percent": 3.937671088650251, "adjusted_change_percent": 1.920134638922888, "high_5": 49.2, "low_5": 46.13, "high_10": 49.2, "low_10": 45.76, "high_20": 49.2, "low_20": 45.22, "high_60": 49.48, "low_60": 40.72 }, "price_structure": { "high_sequence": "HH", "low_sequence": "HL", "state": "HH/HL", "prior_day_high": 48.2, "prior_day_low": 46.13, "breakout_previous_high": true, 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"sector_role": { "classification": null, "method": null, "reason": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推" }, "sector_synchronization": { "leader": null, "core": null, "laggards": null, "selected_peer_observations": [ { "symbol": "601088", "name": "中国神华", "trade_date": "2026-10-09", "adjusted_return_5day_percent": 0.7714998865441247, "excess_20day_pp": 6.469339311505484 } ], "reason": "仅保存已核验个股序列；不猜测全行业地位" }, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "research_role.role", "sector_synchronization.leader", "sector_synchronization.core", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "research_role.role": "该股不属于固定三研究观察池，未定义可核验池内角色；不扩大股票池或臆造行业地位", "sector_synchronization.leader": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.core": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "本股独立Wind2归档及冻结模型", "stock_source_manifest_sha256": "abb35708ae2a0df341253711f8475c0c0a0acd5afd66b4fb6d95635ad03848d2", "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/601088/latest.json" } ] }, "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "research_role.role", "sector_synchronization.leader", "sector_synchronization.core", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "research_role.role": "该股不属于固定三研究观察池，未定义可核验池内角色；不扩大股票池或臆造行业地位", "sector_synchronization.leader": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.core": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "research_role": { "sector": "煤炭与能源", "role": null, "effective_from": "2026-10-09", "recorded_at": "2026-10-10T17:21:12.062530+08:00", "protocol_version": "research-pool-role-1.0.0", "description": "仅代表本站固定研究池中的统计结构角色，不代表绝对行业地位；按所属日另行封存，不回填旧历史", "data_incomplete": true }, "schema_effective_trade_date": "2026-10-09", "models": { "CAS": { "native_state": "LONG_TREND_STRONG", "record_state": { "CAS_mom120": 0.0697767785450456, "CAS_permission": true }, "symbol": "601088", "trade_date": "2026-10-09", "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "SLEEVE04": { "symbol": "601088", "trade_date": "2026-10-09", "native_state": { "sleeve_trigger": false, "sleeve_held": false, "repair": true, "bottom_trial": false, "false_stability": false }, "record_state": { "confirmed_repair": false, "trial_confirmation_days": 0 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "z5": { "symbol": "601088", "trade_date": "2026-10-09", "native_state": { "z5": 0.24962584633858476, "dz1": 0.048499360714210654, "new_price_contribution": 0.6444129212506857 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "MCR": { "symbol": "601088", "trade_date": "2026-10-09", "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL", "risk_cap": 1, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } } }, "models_history_last5": [ { "date": "2026-09-28", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 1.5788939235673969, "dz1": 0.4466947124436593 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-09-29", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.3673310351734909, "dz1": -1.211562888393906 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-09-30", "CAS": "LONG_TREND_POSITIVE", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.2054651683673323, "dz1": -0.1618658668061586 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-10-08", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.2011264856243741, "dz1": -0.004338682742958205 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-10-09", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.24962584633858476, "dz1": 0.048499360714210654 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } } ], "vwap_structure": { "date": "2026-10-09", "vwap": 48.52010404439981, "close": 48.4, "distance_to_vwap_percent": -0.24753459780281206, "time_above_vwap_percent": null, "time_below_vwap_percent": null, "bar_close_time_proxy_above_percent": 56.25, "bar_close_time_proxy_below_percent": 43.75, "first_break_below_bar_end": "2026-10-09T13:30:00.000+08:00", "first_reclaim_bar_end": null, "closed_above_vwap": false, "crossing_time_basis": 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"structural_direction_HH_HL", "behavior_state_acceptance_test", "mcr_normal", "no_confirmed_repair" ], "confidence": null, "trend_permission": { "CAS_permission": true, "MCR_original": "NORMAL", "MCR_effective": "NORMAL", "risk_cap": 1, "direction_60m": "上升", "daily_direction": "上升", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": false, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": null, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "HH_HL", "behavior_state": "acceptance_test" }, "etf_environment": { "symbol": "510880.SH", "price": 3.431, "shares": 5616675700, "shares_date": "2026-10-09", "share_change": { "1": 2500000, "5": -48000000, "20": 23500000 }, "premium_discount_percent": 0.501, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "volume_unit", "snapshot_share_date" ], "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "Wind2日度份额及行情快照；详细口径见ETF接口" } ] } }, "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/601088/latest.json" }, { "symbol": "600066", "windcode": "600066.SH", "name": "宇通客车", "sector": "客车", "trade_date": "2026-10-09", "model_date": "2026-10-09", "schema_version": "stock-research-2.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": "冻结V18实际使用的CAS、SLEEVE04、z5及原MRC模块；非旧R15协议" }, "calculation_version": "v19-evidence-1.1.1", "execution_version": "t-watch-1.1.0", "daily_current": { "date": "2026-10-09", "open": 26.89, "high": 27.22, "low": 26.16, "close": 27.04, "amount": 596714112, "volume": 22208076, "previous_close": 26.89, "change_percent": 0.5578281889178083, "amplitude_percent": 3.9419858683525426, "adjusted_change_percent": 0.5580007200009174, "high_5": 27.5, "low_5": 25.75, "high_10": 27.5, "low_10": 24.66, "high_20": 28.88, "low_20": 24.66, "high_60": 34.17, "low_60": 24.66 }, "price_structure": { "high_sequence": "LH", "low_sequence": "LL", "state": "LH/LL", "prior_day_high": 27.5, "prior_day_low": 26.62, "breakout_previous_high": false, "break_previous_low_and_reclaim": true, "distance_to_prior20_high_percent": 10.133136094674564, "distance_to_prior60_high_percent": 26.36834319526628 }, "relative_strength": { "benchmark_symbol": "000300.SH", "benchmark_name": "沪深300", "basis": "本股后复权价收益减沪深300价格指数收益，非含息全收益基准", "windows": { "5": { "stock_return_percent": 3.9601166964811085, "benchmark_return_percent": -2.7458021148240475, "excess_percentage_points": 6.705918811305156, "end_date": "2026-10-09" }, "10": { "stock_return_percent": 2.6969490319328715, "benchmark_return_percent": -3.204145142775139, "excess_percentage_points": 5.90109417470801, "end_date": "2026-10-09" }, "20": { "stock_return_percent": -4.788529520102481, "benchmark_return_percent": -5.169156829753674, "excess_percentage_points": 0.3806273096511932, "end_date": "2026-10-09" }, "60": { "stock_return_percent": -4.1472027275343715, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": 7.31761390635478, "end_date": "2026-10-09" } } }, "sector_role": { "classification": null, "method": null, "reason": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推" }, "sector_synchronization": { "leader": null, "core": null, "laggards": null, "selected_peer_observations": [ { "symbol": "600066", "name": "宇通客车", "trade_date": "2026-10-09", "adjusted_return_5day_percent": 3.9601166964811085, "excess_20day_pp": 0.3806273096511932 } ], "reason": "仅保存已核验个股序列；不猜测全行业地位" }, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "research_role.role", "sector_synchronization.leader", "sector_synchronization.core", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "research_role.role": "该股不属于固定三研究观察池，未定义可核验池内角色；不扩大股票池或臆造行业地位", "sector_synchronization.leader": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.core": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "本股独立Wind2归档及冻结模型", "stock_source_manifest_sha256": "f9344dfd5282694d995cd5e4bdbc6f8c7b46d17e41bb7e92371a8c56e80d16a7", "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/600066/latest.json" } ] }, "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "research_role.role", "sector_synchronization.leader", "sector_synchronization.core", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "research_role.role": "该股不属于固定三研究观察池，未定义可核验池内角色；不扩大股票池或臆造行业地位", "sector_synchronization.leader": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.core": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "research_role": { "sector": "客车", "role": null, "effective_from": "2026-10-09", "recorded_at": "2026-10-10T17:21:12.062530+08:00", "protocol_version": "research-pool-role-1.0.0", "description": "仅代表本站固定研究池中的统计结构角色，不代表绝对行业地位；按所属日另行封存，不回填旧历史", "data_incomplete": true }, "schema_effective_trade_date": "2026-10-09", "models": { "CAS": { "native_state": "LONG_TREND_OFF", "record_state": { "CAS_mom120": -0.2273996680882957, "CAS_permission": false }, "symbol": "600066", "trade_date": "2026-10-09", "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "SLEEVE04": { "symbol": "600066", "trade_date": "2026-10-09", "native_state": { "sleeve_trigger": false, "sleeve_held": false, "repair": true, "bottom_trial": false, "false_stability": false }, "record_state": { "confirmed_repair": false, "trial_confirmation_days": 0 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "z5": { "symbol": "600066", "trade_date": "2026-10-09", "native_state": { "z5": 1.0955780194354703, "dz1": -0.5431991263687488, "new_price_contribution": 0.14554873484643546 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "MCR": { "symbol": "600066", "trade_date": "2026-10-09", "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE", "risk_cap": 0, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } } }, "models_history_last5": [ { "date": "2026-09-28", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.1860858068932441, "dz1": 0.46772786307012554 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-29", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.5422499053952601, "dz1": 0.35616409850201597 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-30", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.5003929638853267, "dz1": -0.041856941509933354 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-10-08", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 1.638777145804219, "dz1": 1.1383841819188922 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-10-09", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 1.0955780194354703, "dz1": -0.5431991263687488 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } } ], "vwap_structure": { "date": "2026-10-09", "vwap": 26.869239460455738, "close": 27.04, "distance_to_vwap_percent": 0.6355242759869428, "time_above_vwap_percent": null, "time_below_vwap_percent": null, "bar_close_time_proxy_above_percent": 100, "bar_close_time_proxy_below_percent": 0, "first_break_below_bar_end": null, "first_reclaim_bar_end": null, "closed_above_vwap": true, "crossing_time_basis": "15分钟收盘采样；实际穿越时刻及区间内停留时间未知" }, "supply_zone": { "first": { "lower": 27.121666666666666, "upper": 27.2975, "volume_shares": 25612387, "amount_cny": 697025937, "bar_count": 19, "volume_share": 0.060180712769150276, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 0.6271572978303824, "zone_center_price": 27.209583333333335, "distance_to_zone_percent": 0.6271572978303824, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "second": { "lower": 29.415, "upper": 29.81125, "volume_shares": 99694372, "amount_cny": 2949941700, "bar_count": 72, "volume_share": 0.08162827647051334, "window": 60, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 9.515994822485212, "zone_center_price": 29.613125, "distance_to_zone_percent": 9.515994822485212, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "prior20_high": 29.78, "prior60_high": 34.17 }, "support_zone": { "first": { "lower": 26.594166666666666, "upper": 26.77, "volume_shares": 36145428, "amount_cny": 964158386, "bar_count": 35, "volume_share": 0.08492990600157657, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -1.3236563116370859, "zone_center_price": 26.68208333333333, "distance_to_zone_percent": -1.3236563116370859, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, "second": { "lower": 26.418333333333333, "upper": 26.594166666666666, "volume_shares": 24219009, "amount_cny": 642359481, "bar_count": 23, "volume_share": 0.05690673126961831, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -1.973927514792891, "zone_center_price": 26.50625, "distance_to_zone_percent": -1.973927514792891, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, "potential_support_zones": [ { "lower": 26.594166666666666, "upper": 26.77, "volume_shares": 36145428, "amount_cny": 964158386, "bar_count": 35, "volume_share": 0.08492990600157657, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -1.3236563116370859, "zone_center_price": 26.68208333333333, "distance_to_zone_percent": -1.3236563116370859, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 26.418333333333333, "upper": 26.594166666666666, "volume_shares": 24219009, "amount_cny": 642359481, "bar_count": 23, "volume_share": 0.05690673126961831, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -1.973927514792891, "zone_center_price": 26.50625, "distance_to_zone_percent": -1.973927514792891, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 26.066666666666666, "upper": 26.2425, "volume_shares": 29172758, "amount_cny": 762772703, "bar_count": 30, "volume_share": 0.06854641739881295, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -3.274469921104528, "zone_center_price": 26.154583333333335, "distance_to_zone_percent": -3.274469921104528, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 25.890833333333333, "upper": 26.066666666666666, "volume_shares": 57613677, "amount_cny": 1497843741, "bar_count": 38, "volume_share": 0.1353732530713205, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -3.9247411242603594, "zone_center_price": 25.978749999999998, "distance_to_zone_percent": -3.9247411242603594, "zone_direction": "below", "price_basis": "unadjusted_market_price" } ], "method": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "zone_absence_semantics": "null区表示所选密集区中无符合位置的候选，不代表不存在真实供应/承接", "price_basis": "unadjusted_market_price" }, "acceptance_quality": { "state": "改善观察", "evidence": { "higher_low_days": 4, "above_vwap_days": 4, "upper_half_close_days": 4 }, "interpretation_limit": "量价结构观察，不证明机构吸筹、净买入或抛压衰竭" }, "trading_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_above_vwap", "structural_direction_LH_LL", "behavior_state_supply_test", "mcr_defensive", "no_confirmed_repair" ], "confidence": null, "trend_permission": { "CAS_permission": false, "MCR_original": "DEFENSIVE", "MCR_effective": "DEFENSIVE", "risk_cap": 0, "direction_60m": "下行", "daily_direction": "下行", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": true, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": 1.9769820572481667, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "LH_LL", "behavior_state": "supply_test", "structure_60m": { "direction": "下行", "confirmed_structure": { "high_sequence": "LH", "low_sequence": "LL", "state": "LH/LL", "last_confirmed_highs": [ { "time": "2026-10-08T11:30:00.000+08:00", "price": 27.5 }, { "time": "2026-10-09T11:30:00.000+08:00", "price": 27.22 } ], "last_confirmed_lows": [ { "time": "2026-10-08T10:30:00.000+08:00", "price": 26.62 }, { "time": "2026-10-09T10:30:00.000+08:00", "price": 26.16 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "recent_high": 27.5, "recent_low": 24.66, "aligned_with_daily": true, "volume_price": { "last4_amount": 596714112, "previous4_amount": 630036449 }, "price_basis": "unadjusted_market_price", "structural_direction": "LH_LL", "behavior_state": "rebound_turnover", "behavior_evidence": { "completed_60m_bar_count": 4, "first_open": 26.89, "last_close": 27.04, "session_vwap": 26.869239460455738, "classification_scope": "60m observed rebound; otherwise neutral, no calibrated behavior probability" } }, "structure_15m": { "state": "下降结构中的供应测试", "confirmed_structure": { "high_sequence": "LH", "low_sequence": "LL", "state": "LH/LL", "last_confirmed_highs": [ { "time": "2026-10-09T11:15:00.000+08:00", "price": 27.22 }, { "time": "2026-10-09T14:30:00.000+08:00", "price": 27.2 } ], "last_confirmed_lows": [ { "time": "2026-10-08T14:00:00.000+08:00", "price": 26.81 }, { "time": "2026-10-09T09:45:00.000+08:00", "price": 26.16 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "flags": { "low_volume_retest": false, "high_volume_breakout": false, "high_volume_stagnation": false, "break_and_reclaim_previous_low": true, "spike_and_pullback": false, "Higher_Low": false, "Lower_High": true }, "legacy_behavior_label": "供应测试", "structural_direction": "LH_LL", "behavior_state": "supply_test", "description": "下降结构中的供应测试", "price_basis": "unadjusted_market_price" } }, "t_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_above_vwap", "structural_direction_LH_LL", "behavior_state_supply_test", "mcr_defensive", "no_confirmed_repair" ], "confidence": null, "trend_permission": { "CAS_permission": false, "MCR_original": "DEFENSIVE", "MCR_effective": "DEFENSIVE", "risk_cap": 0, "direction_60m": "下行", "daily_direction": "下行", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": true, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": 1.9769820572481667, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "LH_LL", "behavior_state": "supply_test" }, "etf_environment": { "symbol": "516110.SH", "price": 1.055, "shares": 252623100, "shares_date": "2026-10-09", "share_change": { "1": 13000000, "5": 13000000, "20": 37000000 }, "premium_discount_percent": 1.53, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "volume_unit", "snapshot_share_date" ], "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "Wind2日度份额及行情快照；详细口径见ETF接口" } ] } }, "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/600066/latest.json" }, { "symbol": "603456", "windcode": "603456.SH", "name": "九洲药业", "sector": "医药/CDMO与原料药", "trade_date": "2026-10-09", "model_date": "2026-10-09", "schema_version": "stock-research-2.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": "冻结V18实际使用的CAS、SLEEVE04、z5及原MRC模块；非旧R15协议" }, "calculation_version": "v19-evidence-1.1.1", "execution_version": "t-watch-1.1.0", "daily_current": { "date": "2026-10-09", "open": 16.26, "high": 16.41, "low": 15.85, "close": 16.31, "amount": 339369037, "volume": 21054212, "previous_close": 16.35, "change_percent": -0.24464831804282827, "amplitude_percent": 3.425076452599391, "adjusted_change_percent": -0.24470994673960744, "high_5": 16.99, "low_5": 15.85, "high_10": 16.99, "low_10": 15.38, "high_20": 16.99, "low_20": 14.34, "high_60": 18.51, "low_60": 13.62 }, "price_structure": { "high_sequence": "HH", "low_sequence": "LL", "state": "HH/LL", "prior_day_high": 16.99, "prior_day_low": 16.24, "breakout_previous_high": false, "break_previous_low_and_reclaim": true, "distance_to_prior20_high_percent": 4.169221336603309, "distance_to_prior60_high_percent": 13.488657265481319 }, "relative_strength": { "benchmark_symbol": "000300.SH", "benchmark_name": "沪深300", "basis": "本股后复权价收益减沪深300价格指数收益，非含息全收益基准", "windows": { "5": { "stock_return_percent": 0.43478260869564966, "benchmark_return_percent": -2.7458021148240475, "excess_percentage_points": 3.180584723519697, "end_date": "2026-10-09" }, "10": { "stock_return_percent": 5.367188687851598, "benchmark_return_percent": -3.204145142775139, "excess_percentage_points": 8.571333830626738, "end_date": "2026-10-09" }, "20": { "stock_return_percent": 8.095460926532528, "benchmark_return_percent": -5.169156829753674, "excess_percentage_points": 13.264617756286203, "end_date": "2026-10-09" }, "60": { "stock_return_percent": 17.717003567181933, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": 29.181820201071083, "end_date": "2026-10-09" } } }, "sector_role": { "classification": null, "research_pool_role": "二线", "protocol_version": "research-pool-role-1.0.0", "role_effective_date": "2026-10-09", "industry_role": null, "reason": "全行业地位未核验；单独给出固定研究池统计角色，不混为行业身份" }, "sector_synchronization": { "leader": false, "core": false, "laggards": false, "leader_core": true, "leader_stabilizes_first": false, "breadth_deterioration": false, "selected_peer_observations": [ { "symbol": "603456", "name": "九洲药业", "role": "二线", "return_percent": -0.24464831804282827, "amount_cny": 339369037 }, { "symbol": "000739", "name": "普洛药业", "role": "龙头", "return_percent": -6.823184152604556, "amount_cny": 936507005 }, { "symbol": "603259", "name": "药明康德", "role": "中军", "return_percent": -2.592592592592591, "amount_cny": 9417207735 }, { "symbol": "002821", "name": "凯莱英", "role": "后排", "return_percent": -1.5220278946203258, "amount_cny": 1457626038 } ], "scope": "固定研究池统计角色；非全行业已核验龙头/中军身份，不代替个股模型。医药池是CXO/CDMO与原料药观察池，不代表全部创新药。" }, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "本股独立Wind2归档及冻结模型", "stock_source_manifest_sha256": "4a02e233ed7289f95586836ee16411549979752d9ce785a1fe014c718b796174", "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/603456/latest.json" } ] }, "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "research_role": { "sector": "医药/CDMO与原料药", "role": "secondary", "effective_from": "2026-10-09", "recorded_at": "2026-10-10T17:21:12.062530+08:00", "protocol_version": "research-pool-role-1.0.0", "description": "仅代表本站固定研究池中的统计结构角色，不代表绝对行业地位；按所属日另行封存，不回填旧历史", "data_incomplete": false }, "schema_effective_trade_date": "2026-10-09", "models": { "CAS": { "native_state": "LONG_TREND_OFF", "record_state": { "CAS_mom120": -0.045323047251687676, "CAS_permission": false }, "symbol": "603456", "trade_date": "2026-10-09", "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "SLEEVE04": { "symbol": "603456", "trade_date": "2026-10-09", "native_state": { "sleeve_trigger": false, "sleeve_held": false, "repair": false, "bottom_trial": false, "false_stability": false }, "record_state": { "confirmed_repair": false, "trial_confirmation_days": 0 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "z5": { "symbol": "603456", "trade_date": "2026-10-09", "native_state": { "z5": 0.09242951457691878, "dz1": 0.486393448396689, "new_price_contribution": -0.052443969798428136 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "MCR": { "symbol": "603456", "trade_date": "2026-10-09", "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE", "risk_cap": 0, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } } }, "models_history_last5": [ { "date": "2026-09-28", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 1.3086008129367521, "dz1": 0.2511720402215265 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-29", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.08333016196529969, "dz1": -1.2252706509714524 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-30", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.7515794965425232, "dz1": 0.6682493345772236 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-10-08", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -0.39396393381977024, "dz1": -1.1455434303622933 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-10-09", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.09242951457691878, "dz1": 0.486393448396689 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } } ], "vwap_structure": { "date": "2026-10-09", "vwap": 16.118819217741326, "close": 16.31, "distance_to_vwap_percent": 1.1860718808003545, "time_above_vwap_percent": null, "time_below_vwap_percent": null, "bar_close_time_proxy_above_percent": 68.75, "bar_close_time_proxy_below_percent": 31.25, "first_break_below_bar_end": "2026-10-09T09:45:00.000+08:00", "first_reclaim_bar_end": "2026-10-09T10:15:00.000+08:00", "closed_above_vwap": true, "crossing_time_basis": "15分钟收盘采样；实际穿越时刻及区间内停留时间未知" }, "supply_zone": { "first": { "lower": 16.3275, "upper": 16.437916666666666, "volume_shares": 29743175, "amount_cny": 486821498, "bar_count": 27, "volume_share": 0.07093490384412163, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 0.44578990394441886, "zone_center_price": 16.382708333333333, "distance_to_zone_percent": 0.44578990394441886, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "second": { "lower": 16.437916666666666, "upper": 16.548333333333332, "volume_shares": 30802867, "amount_cny": 507924793, "bar_count": 15, "volume_share": 0.07346217775231687, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", 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HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -3.3759963212752813, "zone_center_price": 15.759375, "distance_to_zone_percent": -3.3759963212752813, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, "potential_support_zones": [ { "lower": 15.99625, "upper": 16.106666666666666, "volume_shares": 26139860, "amount_cny": 419770381, "bar_count": 11, "volume_share": 0.06234130874053631, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -1.5851726956877132, "zone_center_price": 16.051458333333333, "distance_to_zone_percent": -1.5851726956877132, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 15.6575, "upper": 15.86125, "volume_shares": 120648648, "amount_cny": 1899740447, "bar_count": 50, "volume_share": 0.06965674691301783, "window": 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"24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -7.678060494584088, "zone_center_price": 15.057708333333334, "distance_to_zone_percent": -7.678060494584088, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 14.892083333333332, "upper": 15.0025, "volume_shares": 34143439, "amount_cny": 510614644, "bar_count": 42, "volume_share": 0.08142915349059514, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -8.355048027794814, "zone_center_price": 14.947291666666665, "distance_to_zone_percent": -8.355048027794814, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 14.63875, "upper": 14.8425, "volume_shares": 145679469, "amount_cny": 2148076357, "bar_count": 103, "volume_share": 0.08410834328251923, "window": 60, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -9.62216431637032, "zone_center_price": 14.740625, "distance_to_zone_percent": -9.62216431637032, "zone_direction": "below", "price_basis": "unadjusted_market_price" } ], "method": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "zone_absence_semantics": "null区表示所选密集区中无符合位置的候选，不代表不存在真实供应/承接", "price_basis": "unadjusted_market_price" }, "acceptance_quality": { "state": "混合/待确认", "evidence": { "higher_low_days": 3, "above_vwap_days": 2, "upper_half_close_days": 3 }, "interpretation_limit": "量价结构观察，不证明机构吸筹、净买入或抛压衰竭" }, "trading_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_above_vwap", "structural_direction_RANGE", "behavior_state_supply_test", "mcr_defensive", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": false, "MCR_original": "DEFENSIVE", "MCR_effective": "DEFENSIVE", "risk_cap": 0, "direction_60m": "震荡", "daily_direction": "震荡", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": true, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": 2.063675418900157, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "RANGE", "behavior_state": "supply_test", "structure_60m": { "direction": "震荡", "confirmed_structure": { "high_sequence": "HH", "low_sequence": "LL", "state": "HH/LL", "last_confirmed_highs": [ { "time": "2026-09-30T10:30:00.000+08:00", "price": 16.95 }, { "time": "2026-10-08T10:30:00.000+08:00", "price": 16.99 } ], "last_confirmed_lows": [ { "time": "2026-10-08T10:30:00.000+08:00", "price": 16.26 }, { "time": "2026-10-09T10:30:00.000+08:00", "price": 15.85 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "recent_high": 16.99, "recent_low": 15.38, "aligned_with_daily": true, "volume_price": { "last4_amount": 339369037, "previous4_amount": 369070587 }, "price_basis": "unadjusted_market_price", "structural_direction": "TRANSITION", "behavior_state": "neutral", "behavior_evidence": { "completed_60m_bar_count": 4, "first_open": 16.26, "last_close": 16.31, "session_vwap": 16.118819217741326, "classification_scope": "60m observed rebound; otherwise neutral, no calibrated behavior probability" } }, "structure_15m": { "state": "区间结构中的供应测试", "confirmed_structure": { "high_sequence": "LH", "low_sequence": "EQUAL_LOW", "state": "LH/EQUAL_LOW", "last_confirmed_highs": [ { "time": "2026-10-09T09:45:00.000+08:00", "price": 16.41 }, { "time": "2026-10-09T14:15:00.000+08:00", "price": 16.38 } ], "last_confirmed_lows": [ { "time": "2026-10-09T09:45:00.000+08:00", "price": 15.85 }, { "time": "2026-10-09T11:15:00.000+08:00", "price": 15.85 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "flags": { "low_volume_retest": false, "high_volume_breakout": false, "high_volume_stagnation": false, "break_and_reclaim_previous_low": true, "spike_and_pullback": false, "Higher_Low": false, "Lower_High": true }, "legacy_behavior_label": "供应测试", "structural_direction": "RANGE", "behavior_state": "supply_test", "description": "区间结构中的供应测试", "price_basis": "unadjusted_market_price" } }, "t_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_above_vwap", "structural_direction_RANGE", "behavior_state_supply_test", "mcr_defensive", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": false, "MCR_original": "DEFENSIVE", "MCR_effective": "DEFENSIVE", "risk_cap": 0, "direction_60m": "震荡", "daily_direction": "震荡", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": true, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": 2.063675418900157, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "RANGE", "behavior_state": "supply_test" }, "etf_environment": { "symbol": "512010.SH", "price": 0.38, "shares": 38647694900, "shares_date": "2026-10-09", "share_change": { "1": 149000000, "5": -615000000, "20": -1424000000 }, "premium_discount_percent": -0.262, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "volume_unit", "snapshot_share_date" ], "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "Wind2日度份额及行情快照；详细口径见ETF接口" } ] } }, "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/603456/latest.json" }, { "symbol": "000739", "windcode": "000739.SZ", "name": "普洛药业", "sector": "医药/CDMO与原料药", "trade_date": "2026-10-09", "model_date": "2026-10-09", "schema_version": "stock-research-2.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": "冻结V18实际使用的CAS、SLEEVE04、z5及原MRC模块；非旧R15协议" }, "calculation_version": "v19-evidence-1.1.1", "execution_version": "t-watch-1.1.0", "daily_current": { "date": "2026-10-09", "open": 26.88, "high": 27.17, "low": 24.53, "close": 25.4, "amount": 936507005, "volume": 36896976, "previous_close": 27.26, "change_percent": -6.823184152604556, "amplitude_percent": 9.684519442406458, "adjusted_change_percent": -6.82174247855758, "high_5": 28.5, "low_5": 24.53, "high_10": 28.5, "low_10": 22.9, "high_20": 28.5, "low_20": 21.31, "high_60": 28.5, "low_60": 17.4 }, "price_structure": { "high_sequence": "HH", "low_sequence": "HL", "state": "HH/HL", "prior_day_high": 28.5, "prior_day_low": 26.64, "breakout_previous_high": false, "break_previous_low_and_reclaim": false, "distance_to_prior20_high_percent": 12.204724409448826, "distance_to_prior60_high_percent": 12.204724409448826 }, "relative_strength": { "benchmark_symbol": "000300.SH", "benchmark_name": "沪深300", "basis": "本股后复权价收益减沪深300价格指数收益，非含息全收益基准", "windows": { "5": { "stock_return_percent": 0.8681154421064763, "benchmark_return_percent": -2.7458021148240475, "excess_percentage_points": 3.6139175569305237, "end_date": "2026-10-09" }, "10": { "stock_return_percent": 10.523166083971148, "benchmark_return_percent": -3.204145142775139, "excess_percentage_points": 13.727311226746288, "end_date": "2026-10-09" }, "20": { "stock_return_percent": 18.695666880898408, "benchmark_return_percent": -5.169156829753674, "excess_percentage_points": 23.864823710652082, "end_date": "2026-10-09" }, "60": { "stock_return_percent": 43.04932735426008, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": 54.51414398814923, "end_date": "2026-10-09" } } }, "sector_role": { "classification": null, "research_pool_role": "龙头", "protocol_version": "research-pool-role-1.0.0", "role_effective_date": "2026-10-09", "industry_role": null, "reason": "全行业地位未核验；单独给出固定研究池统计角色，不混为行业身份" }, "sector_synchronization": { "leader": false, "core": false, "laggards": false, "leader_core": true, "leader_stabilizes_first": false, "breadth_deterioration": false, "selected_peer_observations": [ { "symbol": "603456", "name": "九洲药业", "role": "二线", "return_percent": -0.24464831804282827, "amount_cny": 339369037 }, { "symbol": "000739", "name": "普洛药业", "role": "龙头", "return_percent": -6.823184152604556, "amount_cny": 936507005 }, { "symbol": "603259", "name": "药明康德", "role": "中军", "return_percent": -2.592592592592591, "amount_cny": 9417207735 }, { "symbol": "002821", "name": "凯莱英", "role": "后排", "return_percent": -1.5220278946203258, "amount_cny": 1457626038 } ], "scope": "固定研究池统计角色；非全行业已核验龙头/中军身份，不代替个股模型。医药池是CXO/CDMO与原料药观察池，不代表全部创新药。" }, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "本股独立Wind2归档及冻结模型", "stock_source_manifest_sha256": "dada223a65eab7a0931a215feb4fdefb6d82b563e7527d5a0fa4766c69a8e2fc", "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/000739/latest.json" } ] }, "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "research_role": { "sector": "医药/CDMO与原料药", "role": "leader", "effective_from": "2026-10-09", "recorded_at": "2026-10-10T17:21:12.062530+08:00", "protocol_version": "research-pool-role-1.0.0", "description": "仅代表本站固定研究池中的统计结构角色，不代表绝对行业地位；按所属日另行封存，不回填旧历史", "data_incomplete": false }, "schema_effective_trade_date": "2026-10-09", "models": { "CAS": { "native_state": "LONG_TREND_WEAKENING", "record_state": { "CAS_mom120": 0.44982027021443605, "CAS_permission": true }, "symbol": "000739", "trade_date": "2026-10-09", "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "SLEEVE04": { "symbol": "000739", "trade_date": "2026-10-09", "native_state": { "sleeve_trigger": false, "sleeve_held": false, "repair": false, "bottom_trial": false, "false_stability": false }, "record_state": { "confirmed_repair": false, "trial_confirmation_days": 0 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "z5": { "symbol": "000739", "trade_date": "2026-10-09", "native_state": { "z5": 0.11892364200284282, "dz1": -1.2250262215807175, "new_price_contribution": -1.214939124660974 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "MCR": { "symbol": "000739", "trade_date": "2026-10-09", "original_MRC_risk": "WATCH", "effective_MRC": "WATCH", "risk_cap": 1, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } } }, "models_history_last5": [ { "date": "2026-09-28", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 2.429872486513608, "dz1": 0.6410437020994086 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-09-29", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 1.182956092469835, "dz1": -1.246916394043773 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-09-30", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 2.53072641756441, "dz1": 1.3477703250945752 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-10-08", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 1.3439498635835603, "dz1": -1.18677655398085 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-10-09", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.11892364200284282, "dz1": -1.2250262215807175 }, "MCR": { "original_MRC_risk": "WATCH", "effective_MRC": "WATCH" } } ], "vwap_structure": { "date": "2026-10-09", "vwap": 25.381673690548517, "close": 25.4, "distance_to_vwap_percent": 0.07220291961402836, "time_above_vwap_percent": null, "time_below_vwap_percent": null, "bar_close_time_proxy_above_percent": 37.5, "bar_close_time_proxy_below_percent": 62.5, "first_break_below_bar_end": "2026-10-09T09:45:00.000+08:00", "first_reclaim_bar_end": "2026-10-09T13:45:00.000+08:00", "closed_above_vwap": true, "crossing_time_basis": "15分钟收盘采样；实际穿越时刻及区间内停留时间未知" }, "supply_zone": { "first": { "lower": 25.80375, "upper": 26.10333333333333, "volume_shares": 17243149, "amount_cny": 446293068, "bar_count": 14, "volume_share": 0.04827589572346565, "window": 20, "basis": 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19.7125, "upper": 20.174999999999997, "volume_shares": 178247683, "amount_cny": 3559561992, "bar_count": 118, "volume_share": 0.12369781899548012, "window": 60, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -21.48129921259843, "zone_center_price": 19.943749999999998, "distance_to_zone_percent": -21.48129921259843, "zone_direction": "below", "price_basis": "unadjusted_market_price" } ], "method": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "zone_absence_semantics": "null区表示所选密集区中无符合位置的候选，不代表不存在真实供应/承接", "price_basis": "unadjusted_market_price" }, "acceptance_quality": { "state": "改善观察", "evidence": { "higher_low_days": 3, "above_vwap_days": 4, "upper_half_close_days": 3 }, "interpretation_limit": "量价结构观察，不证明机构吸筹、净买入或抛压衰竭" }, "trading_execution": { "state": "T_NEUTRAL", "evidence": [ "execution_confirmation_not_met", "close_above_vwap", 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"time": "2026-10-09T09:45:00.000+08:00", "price": 24.54 }, { "time": "2026-10-09T11:15:00.000+08:00", "price": 24.53 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "flags": { "low_volume_retest": false, "high_volume_breakout": false, "high_volume_stagnation": false, "break_and_reclaim_previous_low": false, "spike_and_pullback": true, "Higher_Low": false, "Lower_High": true }, "legacy_behavior_label": "风险释放", "structural_direction": "LH_LL", "behavior_state": "rebound_turnover", "description": "下降结构中的反弹换手", "price_basis": "unadjusted_market_price" } }, "t_execution": { "state": "T_NEUTRAL", "evidence": [ "execution_confirmation_not_met", "close_above_vwap", "structural_direction_LH_LL", "behavior_state_rebound_turnover", "mcr_watch", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": true, "MCR_original": "WATCH", "MCR_effective": "WATCH", "risk_cap": 1, "direction_60m": "震荡", "daily_direction": "上升", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": false, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": 7.441202597693808, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "LH_LL", "behavior_state": "rebound_turnover" }, "etf_environment": { "symbol": "512010.SH", "price": 0.38, "shares": 38647694900, "shares_date": "2026-10-09", "share_change": { "1": 149000000, "5": -615000000, "20": -1424000000 }, "premium_discount_percent": -0.262, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "volume_unit", "snapshot_share_date" ], "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "Wind2日度份额及行情快照；详细口径见ETF接口" } ] } }, "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/000739/latest.json" }, { "symbol": "688012", "windcode": "688012.SH", "name": "中微公司", "sector": "半导体设备", "trade_date": "2026-10-09", "model_date": "2026-10-09", "schema_version": "stock-research-2.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": "冻结V18实际使用的CAS、SLEEVE04、z5及原MRC模块；非旧R15协议" }, "calculation_version": "v19-evidence-1.1.1", "execution_version": "t-watch-1.1.0", "daily_current": { "date": "2026-10-09", "open": 312.63, "high": 313.18, "low": 293.92, "close": 311, "amount": 5634388327, "volume": 18587589, "previous_close": 313.24, "change_percent": -0.715106627506068, "amplitude_percent": 6.148640020431615, "adjusted_change_percent": -0.7155177921165157, "high_5": 344.48, "low_5": 293.92, "high_10": 363.07, "low_10": 293.92, "high_20": 363.07, "low_20": 293.92, "high_60": 492.05, "low_60": 293.92 }, "price_structure": { "high_sequence": "LH", "low_sequence": "LL", "state": "LH/LL", "prior_day_high": 327.98, "prior_day_low": 311.2, "breakout_previous_high": false, "break_previous_low_and_reclaim": false, "distance_to_prior20_high_percent": 16.742765273311893, "distance_to_prior60_high_percent": 58.215434083601295 }, "relative_strength": { "benchmark_symbol": "000300.SH", "benchmark_name": "沪深300", "basis": "本股后复权价收益减沪深300价格指数收益，非含息全收益基准", "windows": { "5": { "stock_return_percent": -8.341524790626353, "benchmark_return_percent": -2.7458021148240475, "excess_percentage_points": -5.595722675802306, "end_date": "2026-10-09" }, "10": { "stock_return_percent": -11.454020587229829, "benchmark_return_percent": -3.204145142775139, "excess_percentage_points": -8.249875444454691, "end_date": "2026-10-09" }, "20": { "stock_return_percent": -8.79694835680751, "benchmark_return_percent": -5.169156829753674, "excess_percentage_points": -3.6277915270538363, "end_date": "2026-10-09" }, "60": { "stock_return_percent": -34.05329712297378, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": -22.58848048908463, "end_date": "2026-10-09" } } }, "sector_role": { "classification": null, "research_pool_role": "龙头", "protocol_version": "research-pool-role-1.0.0", "role_effective_date": "2026-10-09", "industry_role": null, "reason": "全行业地位未核验；单独给出固定研究池统计角色，不混为行业身份" }, "sector_synchronization": { "leader": false, "core": false, "laggards": null, "leader_core": true, "leader_stabilizes_first": false, "breadth_deterioration": false, "selected_peer_observations": [ { "symbol": "002371", "name": "北方华创", "role": "中军", "return_percent": -1.0461087420042814, "amount_cny": 4745376862 }, { "symbol": "688012", "name": "中微公司", "role": "龙头", "return_percent": -0.715106627506068, "amount_cny": 5634388327 } ], "scope": "固定研究池统计角色；非全行业已核验龙头/中军身份，不代替个股模型。医药池是CXO/CDMO与原料药观察池，不代表全部创新药。" }, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "本股独立Wind2归档及冻结模型", "stock_source_manifest_sha256": "573e0c60d29d00f197f12d6a8b3d6321704e1e4fbcef27617743143107191f0e", "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/688012/latest.json" } ] }, "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "research_role": { "sector": "半导体设备", "role": "leader", "effective_from": "2026-10-09", "recorded_at": "2026-10-10T17:21:12.062530+08:00", "protocol_version": "research-pool-role-1.0.0", "description": "仅代表本站固定研究池中的统计结构角色，不代表绝对行业地位；按所属日另行封存，不回填旧历史", "data_incomplete": false }, "schema_effective_trade_date": "2026-10-09", "models": { "CAS": { "native_state": "LONG_TREND_WEAKENING", "record_state": { "CAS_mom120": 0.43133883891566627, "CAS_permission": true }, "symbol": "688012", "trade_date": "2026-10-09", "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "SLEEVE04": { "symbol": "688012", "trade_date": "2026-10-09", "native_state": { "sleeve_trigger": false, "sleeve_held": false, "repair": false, "bottom_trial": false, "false_stability": true }, "record_state": { "confirmed_repair": false, "trial_confirmation_days": 0 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "z5": { "symbol": "688012", "trade_date": "2026-10-09", "native_state": { "z5": -1.5994674730320781, "dz1": 0.3815760791801026, "new_price_contribution": -0.12660966100005383 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "MCR": { "symbol": "688012", "trade_date": "2026-10-09", "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE", "risk_cap": 0, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } } }, "models_history_last5": [ { "date": "2026-09-28", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.5967866184888075, "dz1": -0.9291072373413131 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-29", "CAS": "LONG_TREND_POSITIVE", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.5178881399760975, "dz1": 0.07889847851271004 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-30", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.7202900652933857, "dz1": -0.20240192531728818 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-10-08", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.9810435522121808, "dz1": -0.2607534869187951 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-10-09", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.5994674730320781, "dz1": 0.3815760791801026 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } } ], "vwap_structure": { "date": "2026-10-09", "vwap": 303.12636711517564, "close": 311, "distance_to_vwap_percent": 2.5974754224638907, "time_above_vwap_percent": null, "time_below_vwap_percent": null, "bar_close_time_proxy_above_percent": 50, "bar_close_time_proxy_below_percent": 50, "first_break_below_bar_end": "2026-10-09T09:45:00.000+08:00", "first_reclaim_bar_end": "2026-10-09T13:15:00.000+08:00", "closed_above_vwap": true, "crossing_time_basis": "15分钟收盘采样；实际穿越时刻及区间内停留时间未知" }, "supply_zone": { "first": { "lower": 322.7325, "upper": 325.61375, "volume_shares": 26941171, "amount_cny": 8735914352, "bar_count": 38, "volume_share": 0.09991671817679956, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 4.235731511254028, "zone_center_price": 324.173125, "distance_to_zone_percent": 4.235731511254028, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "second": { "lower": 331.37625, "upper": 334.2575, "volume_shares": 25382775, "amount_cny": 8454975684, "bar_count": 34, "volume_share": 0.09413709508840999, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 7.015072347266875, "zone_center_price": 332.816875, "distance_to_zone_percent": 7.015072347266875, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "prior20_high": 363.07, "prior60_high": 492.05 }, "support_zone": { "first": null, "second": null, "potential_support_zones": [], "method": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "zone_absence_semantics": "null区表示所选密集区中无符合位置的候选，不代表不存在真实供应/承接", "price_basis": "unadjusted_market_price" }, "acceptance_quality": { "state": "混合/待确认", "evidence": { "higher_low_days": 0, "above_vwap_days": 1, "upper_half_close_days": 1 }, "interpretation_limit": "量价结构观察，不证明机构吸筹、净买入或抛压衰竭" }, "trading_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_above_vwap", "structural_direction_HH_HL", "behavior_state_neutral", "mcr_defensive", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": true, "MCR_original": "DEFENSIVE", "MCR_effective": "DEFENSIVE", "risk_cap": 0, "direction_60m": "下行", "daily_direction": "下行", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": false, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": null, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "HH_HL", "behavior_state": "neutral", "structure_60m": { "direction": "下行", "confirmed_structure": { "high_sequence": "LH", "low_sequence": "LL", "state": "LH/LL", "last_confirmed_highs": [ { "time": "2026-09-30T10:30:00.000+08:00", "price": 333.56 }, { "time": "2026-10-08T10:30:00.000+08:00", "price": 327.98 } ], "last_confirmed_lows": [ { "time": "2026-09-30T14:00:00.000+08:00", "price": 317.93 }, { "time": "2026-10-09T10:30:00.000+08:00", "price": 293.92 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "recent_high": 363.07, "recent_low": 293.92, "aligned_with_daily": true, "volume_price": { "last4_amount": 5634388327, "previous4_amount": 4635432333 }, "price_basis": "unadjusted_market_price", "structural_direction": "LH_LL", "behavior_state": "neutral", "behavior_evidence": { "completed_60m_bar_count": 4, "first_open": 312.63, "last_close": 311, "session_vwap": 303.12636711517564, "classification_scope": "60m observed rebound; otherwise neutral, no calibrated behavior probability" } }, "structure_15m": { "state": "上升结构中的中性观察", "confirmed_structure": { "high_sequence": "HH", "low_sequence": "HL", "state": "HH/HL", "last_confirmed_highs": [ { "time": "2026-10-09T13:30:00.000+08:00", "price": 311.42 }, { "time": "2026-10-09T14:30:00.000+08:00", "price": 313.18 } ], "last_confirmed_lows": [ { "time": "2026-10-09T10:15:00.000+08:00", "price": 293.92 }, { "time": "2026-10-09T11:30:00.000+08:00", "price": 295.36 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "flags": { "low_volume_retest": false, "high_volume_breakout": false, "high_volume_stagnation": false, "break_and_reclaim_previous_low": false, "spike_and_pullback": false, "Higher_Low": true, "Lower_High": false }, "legacy_behavior_label": "换手", "structural_direction": "HH_HL", "behavior_state": "neutral", "description": "上升结构中的中性观察", "price_basis": "unadjusted_market_price" } }, "t_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_above_vwap", "structural_direction_HH_HL", "behavior_state_neutral", "mcr_defensive", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": true, "MCR_original": "DEFENSIVE", "MCR_effective": "DEFENSIVE", "risk_cap": 0, "direction_60m": "下行", "daily_direction": "下行", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": false, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": null, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "HH_HL", "behavior_state": "neutral" }, "etf_environment": { "symbol": "512480.SH", "price": 0.911, "shares": 21098007200, "shares_date": "2026-10-09", "share_change": { "1": 204000000, "5": 1392000000, "20": 1316000000 }, "premium_discount_percent": -0.35, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "volume_unit", "snapshot_share_date" ], "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "Wind2日度份额及行情快照；详细口径见ETF接口" } ] } }, "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/688012/latest.json" }, { "symbol": "300502", "windcode": "300502.SZ", "name": "新易盛", "sector": "CPO/光通信", "trade_date": "2026-10-09", "model_date": "2026-10-09", "schema_version": "stock-research-2.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": "冻结V18实际使用的CAS、SLEEVE04、z5及原MRC模块；非旧R15协议" }, "calculation_version": "v19-evidence-1.1.1", "execution_version": "t-watch-1.1.0", "daily_current": { "date": "2026-10-09", "open": 373.01, "high": 375, "low": 350.1, "close": 370.2, "amount": 14618857227, "volume": 40217954, "previous_close": 378.5, "change_percent": -2.192866578599739, "amplitude_percent": 6.578599735799201, "adjusted_change_percent": -2.192881419045778, "high_5": 434, "low_5": 350.1, "high_10": 475, "low_10": 350.1, "high_20": 475, "low_20": 350.1, "high_60": 579.42, "low_60": 347 }, "price_structure": { "high_sequence": "HH", "low_sequence": "HL", "state": "HH/HL", "prior_day_high": 407.33, "prior_day_low": 372.75, "breakout_previous_high": false, "break_previous_low_and_reclaim": false, "distance_to_prior20_high_percent": 28.30902215018909, "distance_to_prior60_high_percent": 56.51539708265801 }, "relative_strength": { "benchmark_symbol": "000300.SH", "benchmark_name": "沪深300", "basis": "本股后复权价收益减沪深300价格指数收益，非含息全收益基准", "windows": { "5": { "stock_return_percent": -14.896654928368925, "benchmark_return_percent": -2.7458021148240475, "excess_percentage_points": -12.150852813544876, "end_date": "2026-10-09" }, "10": { "stock_return_percent": -12.75869591223515, "benchmark_return_percent": -3.204145142775139, "excess_percentage_points": -9.554550769460011, "end_date": "2026-10-09" }, "20": { "stock_return_percent": -3.784186508552445, "benchmark_return_percent": -5.169156829753674, "excess_percentage_points": 1.3849703212012288, "end_date": "2026-10-09" }, "60": { "stock_return_percent": -32.13569794977289, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": -20.67088131588374, "end_date": "2026-10-09" } } }, "sector_role": { "classification": null, "research_pool_role": "龙头", "protocol_version": "research-pool-role-1.0.0", "role_effective_date": "2026-10-09", "industry_role": null, "reason": "全行业地位未核验；单独给出固定研究池统计角色，不混为行业身份" }, "sector_synchronization": { "leader": false, "core": false, "laggards": null, "leader_core": true, "leader_stabilizes_first": false, "breadth_deterioration": false, "selected_peer_observations": [ { "symbol": "300502", "name": "新易盛", "role": "龙头", "return_percent": -2.192866578599739, "amount_cny": 14618857227 }, { "symbol": "300308", "name": "中际旭创", "role": "中军", "return_percent": -0.9846743295019222, "amount_cny": 21091586583 } ], "scope": "固定研究池统计角色；非全行业已核验龙头/中军身份，不代替个股模型。医药池是CXO/CDMO与原料药观察池，不代表全部创新药。" }, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "本股独立Wind2归档及冻结模型", "stock_source_manifest_sha256": "fca491229e23a23b299fa38488b52b2de9219335655446004de869f2292b4d1c", "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/300502/latest.json" } ] }, "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "research_role": { "sector": "CPO/光通信", "role": "leader", "effective_from": "2026-10-09", "recorded_at": "2026-10-10T17:21:12.062530+08:00", "protocol_version": "research-pool-role-1.0.0", "description": "仅代表本站固定研究池中的统计结构角色，不代表绝对行业地位；按所属日另行封存，不回填旧历史", "data_incomplete": false }, "schema_effective_trade_date": "2026-10-09", "models": { "CAS": { "native_state": "LONG_TREND_OFF", "record_state": { "CAS_mom120": -0.006788791204213274, "CAS_permission": true }, "symbol": "300502", "trade_date": "2026-10-09", "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "SLEEVE04": { "symbol": "300502", "trade_date": "2026-10-09", "native_state": { "sleeve_trigger": false, "sleeve_held": false, "repair": false, "bottom_trial": false, "false_stability": true }, "record_state": { "confirmed_repair": false, "trial_confirmation_days": 0 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "z5": { "symbol": "300502", "trade_date": "2026-10-09", "native_state": { "z5": -1.7587379540367076, "dz1": 0.15866774326386812, "new_price_contribution": -0.2270585155498996 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "MCR": { "symbol": "300502", "trade_date": "2026-10-09", "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE", "risk_cap": 0, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } } }, "models_history_last5": [ { "date": "2026-09-28", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.1995554114819367, "dz1": -1.5363380400210205 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-29", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.6392565162523287, "dz1": -0.43970110477039204 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-30", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.6993930945856317, "dz1": -0.06013657833330299 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-10-08", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.9174056973005758, "dz1": -0.21801260271494405 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-10-09", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.7587379540367076, "dz1": 0.15866774326386812 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } } ], "vwap_structure": { "date": "2026-10-09", "vwap": 363.4908237002807, "close": 370.2, "distance_to_vwap_percent": 1.8457622207407764, "time_above_vwap_percent": null, "time_below_vwap_percent": null, "bar_close_time_proxy_above_percent": 50, "bar_close_time_proxy_below_percent": 50, "first_break_below_bar_end": "2026-10-09T09:45:00.000+08:00", "first_reclaim_bar_end": "2026-10-09T13:15:00.000+08:00", "closed_above_vwap": true, "crossing_time_basis": "15分钟收盘采样；实际穿越时刻及区间内停留时间未知" }, "supply_zone": { "first": { "lower": 391.73333333333335, "upper": 396.9375, "volume_shares": 42360009, "amount_cny": 16687999550, "bar_count": 25, "volume_share": 0.06358494872892693, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 6.519561498289218, "zone_center_price": 394.3354166666667, "distance_to_zone_percent": 6.519561498289218, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "second": { "lower": 396.9375, "upper": 402.14166666666665, "volume_shares": 78718668, "amount_cny": 31458147434, "bar_count": 31, "volume_share": 0.11816150626383062, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 7.925333153250497, "zone_center_price": 399.5395833333333, "distance_to_zone_percent": 7.925333153250497, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "prior20_high": 475, "prior60_high": 579.42 }, "support_zone": { "first": null, "second": null, "potential_support_zones": [], "method": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "zone_absence_semantics": "null区表示所选密集区中无符合位置的候选，不代表不存在真实供应/承接", "price_basis": "unadjusted_market_price" }, "acceptance_quality": { "state": "混合/待确认", "evidence": { "higher_low_days": 0, "above_vwap_days": 1, "upper_half_close_days": 1 }, "interpretation_limit": "量价结构观察，不证明机构吸筹、净买入或抛压衰竭" }, "trading_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_above_vwap", "structural_direction_LH_LL", "behavior_state_rebound_turnover", "mcr_defensive", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": true, "MCR_original": "DEFENSIVE", "MCR_effective": "DEFENSIVE", "risk_cap": 0, "direction_60m": "震荡", "daily_direction": "上升", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": false, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": null, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "LH_LL", "behavior_state": "rebound_turnover", "structure_60m": { "direction": "震荡", "confirmed_structure": { "high_sequence": "HH", "low_sequence": "LL", "state": "HH/LL", "last_confirmed_highs": [ { "time": "2026-09-30T10:30:00.000+08:00", "price": 403.99 }, { "time": "2026-10-08T10:30:00.000+08:00", "price": 407.33 } ], "last_confirmed_lows": [ { "time": "2026-09-23T10:30:00.000+08:00", "price": 449.02 }, { "time": "2026-10-09T11:30:00.000+08:00", "price": 350.1 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "recent_high": 475, "recent_low": 350.1, "aligned_with_daily": false, "volume_price": { "last4_amount": 14618857227, "previous4_amount": 14388021241 }, "price_basis": "unadjusted_market_price", "structural_direction": "TRANSITION", "behavior_state": "neutral", "behavior_evidence": { "completed_60m_bar_count": 4, "first_open": 373.01, "last_close": 370.2, "session_vwap": 363.4908237002807, "classification_scope": "60m observed rebound; otherwise neutral, no calibrated behavior probability" } }, "structure_15m": { "state": "下降结构中的反弹换手", "confirmed_structure": { "high_sequence": "LH", "low_sequence": "LL", "state": "LH/LL", "last_confirmed_highs": [ { "time": "2026-10-08T09:45:00.000+08:00", "price": 407.33 }, { "time": "2026-10-08T15:00:00.000+08:00", "price": 378.5 } ], "last_confirmed_lows": [ { "time": "2026-10-08T09:45:00.000+08:00", "price": 381.1 }, { "time": "2026-10-09T11:15:00.000+08:00", "price": 350.1 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "flags": { "low_volume_retest": false, "high_volume_breakout": false, "high_volume_stagnation": false, "break_and_reclaim_previous_low": false, "spike_and_pullback": false, "Higher_Low": false, "Lower_High": true }, "legacy_behavior_label": "换手", "structural_direction": "LH_LL", "behavior_state": "rebound_turnover", "description": "下降结构中的反弹换手", "price_basis": "unadjusted_market_price" } }, "t_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_above_vwap", "structural_direction_LH_LL", "behavior_state_rebound_turnover", "mcr_defensive", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": true, "MCR_original": "DEFENSIVE", "MCR_effective": "DEFENSIVE", "risk_cap": 0, "direction_60m": "震荡", "daily_direction": "上升", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": false, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": null, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "LH_LL", "behavior_state": "rebound_turnover" }, "etf_environment": { "symbol": "515880.SH", "price": 0.592, "shares": 65909774000, "shares_date": "2026-10-09", "share_change": { "1": -986000000, "5": -84000000, "20": 3362000000 }, "premium_discount_percent": -0.638, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "volume_unit", "snapshot_share_date" ], "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "Wind2日度份额及行情快照；详细口径见ETF接口" } ] } }, "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/300502/latest.json" }, { "symbol": "300308", "windcode": "300308.SZ", "name": "中际旭创", "sector": "CPO/光通信", "trade_date": "2026-10-09", "model_date": "2026-10-09", "schema_version": "stock-research-2.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": "冻结V18实际使用的CAS、SLEEVE04、z5及原MRC模块；非旧R15协议" }, "calculation_version": "v19-evidence-1.1.1", "execution_version": "t-watch-1.1.0", "daily_current": { "date": "2026-10-09", "open": 775.64, "high": 780, "low": 730, "close": 775.29, "amount": 21091586583, "volume": 27933721, "previous_close": 783, "change_percent": -0.9846743295019222, "amplitude_percent": 6.385696040868455, "adjusted_change_percent": -0.9848177158882088, "high_5": 888, "low_5": 730, "high_10": 974.99, "low_10": 730, "high_20": 974.99, "low_20": 730, "high_60": 1218, "low_60": 730 }, "price_structure": { "high_sequence": "HH", "low_sequence": "LL", "state": "HH/LL", "prior_day_high": 834.54, "prior_day_low": 772.18, "breakout_previous_high": false, "break_previous_low_and_reclaim": true, "distance_to_prior20_high_percent": 25.758103419365664, "distance_to_prior60_high_percent": 57.10250357930582 }, "relative_strength": { "benchmark_symbol": "000300.SH", "benchmark_name": "沪深300", "basis": "本股后复权价收益减沪深300价格指数收益，非含息全收益基准", "windows": { "5": { "stock_return_percent": -13.458625772512745, "benchmark_return_percent": -2.7458021148240475, "excess_percentage_points": -10.712823657688698, "end_date": "2026-10-09" }, "10": { "stock_return_percent": -13.47208231643422, "benchmark_return_percent": -3.204145142775139, "excess_percentage_points": -10.267937173659082, "end_date": "2026-10-09" }, "20": { "stock_return_percent": -4.638453228029659, "benchmark_return_percent": -5.169156829753674, "excess_percentage_points": 0.5307036017240145, "end_date": "2026-10-09" }, "60": { "stock_return_percent": -35.11675506466678, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": -23.651938430777633, "end_date": "2026-10-09" } } }, "sector_role": { "classification": null, "research_pool_role": "中军", "protocol_version": "research-pool-role-1.0.0", "role_effective_date": "2026-10-09", "industry_role": null, "reason": "全行业地位未核验；单独给出固定研究池统计角色，不混为行业身份" }, "sector_synchronization": { "leader": false, "core": false, "laggards": null, "leader_core": true, "leader_stabilizes_first": false, "breadth_deterioration": false, "selected_peer_observations": [ { "symbol": "300502", "name": "新易盛", "role": "龙头", "return_percent": -2.192866578599739, "amount_cny": 14618857227 }, { "symbol": "300308", "name": "中际旭创", "role": "中军", "return_percent": -0.9846743295019222, "amount_cny": 21091586583 } ], "scope": "固定研究池统计角色；非全行业已核验龙头/中军身份，不代替个股模型。医药池是CXO/CDMO与原料药观察池，不代表全部创新药。" }, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "本股独立Wind2归档及冻结模型", "stock_source_manifest_sha256": "92e4f957b3cd48a944692a37b4b56a9ed6ba512ba90f566b08f4c62f52113d05", "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/300308/latest.json" } ] }, "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "research_role": { "sector": "CPO/光通信", "role": "core", "effective_from": "2026-10-09", "recorded_at": "2026-10-10T17:21:12.062530+08:00", "protocol_version": "research-pool-role-1.0.0", "description": "仅代表本站固定研究池中的统计结构角色，不代表绝对行业地位；按所属日另行封存，不回填旧历史", "data_incomplete": false }, "schema_effective_trade_date": "2026-10-09", "models": { "CAS": { "native_state": "LONG_TREND_WEAKENING", "record_state": { "CAS_mom120": 0.05656818313149592, "CAS_permission": true }, "symbol": "300308", "trade_date": "2026-10-09", "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "SLEEVE04": { "symbol": "300308", "trade_date": "2026-10-09", "native_state": { "sleeve_trigger": false, "sleeve_held": false, "repair": false, "bottom_trial": false, "false_stability": true }, "record_state": { "confirmed_repair": false, "trial_confirmation_days": 0 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "z5": { "symbol": "300308", "trade_date": "2026-10-09", "native_state": { "z5": -1.4973872022894805, "dz1": 0.1842789968779437, "new_price_contribution": -0.09572166071291627 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "MCR": { "symbol": "300308", "trade_date": "2026-10-09", "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE", "risk_cap": 0, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } } }, "models_history_last5": [ { "date": "2026-09-28", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.3175726624020894, "dz1": -1.3155980491424881 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-29", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.4907516244046592, "dz1": -0.17317896200256988 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-30", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.411379256503971, "dz1": 0.07937236790068836 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-10-08", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.6816661991674242, "dz1": -0.2702869426634533 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-10-09", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.4973872022894805, "dz1": 0.1842789968779437 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } } ], "vwap_structure": { "date": "2026-10-09", "vwap": 755.0582531772262, "close": 775.29, "distance_to_vwap_percent": 2.679494825417783, "time_above_vwap_percent": null, "time_below_vwap_percent": null, "bar_close_time_proxy_above_percent": 50, "bar_close_time_proxy_below_percent": 50, "first_break_below_bar_end": "2026-10-09T09:45:00.000+08:00", "first_reclaim_bar_end": "2026-10-09T13:15:00.000+08:00", "closed_above_vwap": true, "crossing_time_basis": "15分钟收盘采样；实际穿越时刻及区间内停留时间未知" }, "supply_zone": { "first": { "lower": 811.6633333333333, "upper": 821.87125, "volume_shares": 45181037, "amount_cny": 36865702114, "bar_count": 41, "volume_share": 0.09433247268515409, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 5.349906701578338, "zone_center_price": 816.7672916666667, "distance_to_zone_percent": 5.349906701578338, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "second": { "lower": 862.7029166666666, "upper": 872.9108333333334, "volume_shares": 32569197, "amount_cny": 28270926549, "bar_count": 19, "volume_share": 0.06800049512763291, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 11.933195965380701, "zone_center_price": 867.806875, "distance_to_zone_percent": 11.933195965380701, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "prior20_high": 974.99, "prior60_high": 1218 }, "support_zone": { "first": null, "second": null, "potential_support_zones": [], "method": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "zone_absence_semantics": "null区表示所选密集区中无符合位置的候选，不代表不存在真实供应/承接", "price_basis": "unadjusted_market_price" }, "acceptance_quality": { "state": "混合/待确认", "evidence": { "higher_low_days": 1, "above_vwap_days": 1, 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"low_sequence": "LL", "state": "LH/LL", "last_confirmed_highs": [ { "time": "2026-10-08T10:00:00.000+08:00", "price": 834.54 }, { "time": "2026-10-08T15:00:00.000+08:00", "price": 783 } ], "last_confirmed_lows": [ { "time": "2026-10-09T10:30:00.000+08:00", "price": 736.36 }, { "time": "2026-10-09T11:15:00.000+08:00", "price": 730 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "flags": { "low_volume_retest": false, "high_volume_breakout": false, "high_volume_stagnation": false, "break_and_reclaim_previous_low": true, "spike_and_pullback": false, "Higher_Low": false, "Lower_High": true }, "legacy_behavior_label": "换手", "structural_direction": "LH_LL", "behavior_state": "rebound_turnover", "description": "下降结构中的反弹换手", "price_basis": "unadjusted_market_price" } }, "t_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_above_vwap", "structural_direction_LH_LL", "behavior_state_rebound_turnover", "mcr_defensive", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": true, "MCR_original": "DEFENSIVE", "MCR_effective": "DEFENSIVE", "risk_cap": 0, "direction_60m": "震荡", "daily_direction": "震荡", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": false, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": null, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "LH_LL", "behavior_state": "rebound_turnover" }, "etf_environment": { "symbol": "515880.SH", "price": 0.592, "shares": 65909774000, "shares_date": "2026-10-09", "share_change": { "1": -986000000, "5": -84000000, "20": 3362000000 }, "premium_discount_percent": -0.638, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "volume_unit", "snapshot_share_date" ], "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "Wind2日度份额及行情快照；详细口径见ETF接口" } ] } }, "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/300308/latest.json" }, { "symbol": "603259", "windcode": "603259.SH", "name": "药明康德", "sector": "医药/CXO", "trade_date": "2026-10-09", "model_date": "2026-10-09", "schema_version": "stock-research-2.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": "冻结V18实际使用的CAS、SLEEVE04、z5及原MRC模块；非旧R15协议" }, "calculation_version": "v19-evidence-1.1.1", "execution_version": "t-watch-1.1.0", "daily_current": { "date": "2026-10-09", "open": 162, "high": 162.5, "low": 151.62, "close": 157.8, "amount": 9417207735, "volume": 60449666, "previous_close": 162, "change_percent": -2.592592592592591, "amplitude_percent": 6.716049382716046, "adjusted_change_percent": -2.594002855782951, "high_5": 170, "low_5": 151.62, "high_10": 171.2, "low_10": 151.62, "high_20": 171.2, "low_20": 149.7, "high_60": 173.6, "low_60": 117.01 }, "price_structure": { "high_sequence": "HH", "low_sequence": "LL", "state": "HH/LL", "prior_day_high": 170, "prior_day_low": 161.69, "breakout_previous_high": false, "break_previous_low_and_reclaim": false, "distance_to_prior20_high_percent": 8.491761723700872, "distance_to_prior60_high_percent": 10.012674271229391 }, "relative_strength": { "benchmark_symbol": "000300.SH", "benchmark_name": "沪深300", "basis": "本股后复权价收益减沪深300价格指数收益，非含息全收益基准", "windows": { "5": { "stock_return_percent": -2.834488652549616, "benchmark_return_percent": -2.7458021148240475, "excess_percentage_points": -0.08868653772556856, "end_date": "2026-10-09" }, "10": { "stock_return_percent": -1.6767560295954609, "benchmark_return_percent": -3.204145142775139, "excess_percentage_points": 1.527389113179678, "end_date": "2026-10-09" }, "20": { "stock_return_percent": 1.074206692184232, "benchmark_return_percent": -5.169156829753674, "excess_percentage_points": 6.243363521937906, "end_date": "2026-10-09" }, "60": { "stock_return_percent": 30.762595444235007, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": 42.22741207812416, "end_date": "2026-10-09" } } }, "sector_role": { "classification": null, "research_pool_role": "中军", "protocol_version": "research-pool-role-1.0.0", "role_effective_date": "2026-10-09", "industry_role": null, "reason": "全行业地位未核验；单独给出固定研究池统计角色，不混为行业身份" }, "sector_synchronization": { "leader": false, "core": false, "laggards": false, "leader_core": true, "leader_stabilizes_first": false, "breadth_deterioration": false, "selected_peer_observations": [ { "symbol": "603456", "name": "九洲药业", "role": "二线", "return_percent": -0.24464831804282827, "amount_cny": 339369037 }, { "symbol": "000739", "name": "普洛药业", "role": "龙头", "return_percent": -6.823184152604556, "amount_cny": 936507005 }, { "symbol": "603259", "name": "药明康德", "role": "中军", "return_percent": -2.592592592592591, "amount_cny": 9417207735 }, { "symbol": "002821", "name": "凯莱英", "role": "后排", "return_percent": -1.5220278946203258, "amount_cny": 1457626038 } ], "scope": "固定研究池统计角色；非全行业已核验龙头/中军身份，不代替个股模型。医药池是CXO/CDMO与原料药观察池，不代表全部创新药。" }, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "本股独立Wind2归档及冻结模型", "stock_source_manifest_sha256": "1e439fae98847b97c1fb5620cb7962dc5bcb03eee7e64ce01661abfcab1d5264", "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/603259/latest.json" } ] }, "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "research_role": { "sector": "医药/CXO", "role": "core", "effective_from": "2026-10-09", "recorded_at": "2026-10-10T17:21:12.062530+08:00", "protocol_version": "research-pool-role-1.0.0", "description": "仅代表本站固定研究池中的统计结构角色，不代表绝对行业地位；按所属日另行封存，不回填旧历史", "data_incomplete": false }, "schema_effective_trade_date": "2026-10-09", "models": { "CAS": { "native_state": "LONG_TREND_WEAKENING", "record_state": { "CAS_mom120": 0.5126205698658488, "CAS_permission": true }, "symbol": "603259", "trade_date": "2026-10-09", "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "SLEEVE04": { "symbol": "603259", "trade_date": "2026-10-09", "native_state": { "sleeve_trigger": false, "sleeve_held": false, "repair": false, "bottom_trial": false, "false_stability": false }, "record_state": { "confirmed_repair": false, "trial_confirmation_days": 0 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "z5": { "symbol": "603259", "trade_date": "2026-10-09", "native_state": { "z5": -0.5195977113917474, "dz1": 0.15236109447400825, "new_price_contribution": -0.4908981524245258 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "MCR": { "symbol": "603259", "trade_date": "2026-10-09", "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL", "risk_cap": 1, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } } }, "models_history_last5": [ { "date": "2026-09-28", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.24228292190745898, "dz1": -0.010092029890875598 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-09-29", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -0.9516115336812558, "dz1": -1.1938944555887148 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-09-30", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -0.06108477861542776, "dz1": 0.8905267550658281 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-10-08", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -0.6719588058657556, "dz1": -0.6108740272503279 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-10-09", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -0.5195977113917474, "dz1": 0.15236109447400825 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } } ], "vwap_structure": { "date": "2026-10-09", "vwap": 155.78593494627415, "close": 157.8, "distance_to_vwap_percent": 1.2928413944560901, "time_above_vwap_percent": null, "time_below_vwap_percent": null, "bar_close_time_proxy_above_percent": 43.75, "bar_close_time_proxy_below_percent": 56.25, "first_break_below_bar_end": "2026-10-09T09:45:00.000+08:00", "first_reclaim_bar_end": "2026-10-09T13:30:00.000+08:00", "closed_above_vwap": true, "crossing_time_basis": "15分钟收盘采样；实际穿越时刻及区间内停留时间未知" }, "supply_zone": { "first": { "lower": 161.34583333333333, "upper": 162.24166666666665, "volume_shares": 42027207, "amount_cny": 6798497282, "bar_count": 14, "volume_share": 0.05901204068996577, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 2.5308935361216585, "zone_center_price": 161.79375, "distance_to_zone_percent": 2.5308935361216585, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "second": { "lower": 161.81041666666667, "upper": 164.16833333333332, "volume_shares": 258996925, "amount_cny": 42262288433, "bar_count": 69, "volume_share": 0.07902899656337993, "window": 60, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 3.2885773130544886, "zone_center_price": 162.989375, "distance_to_zone_percent": 3.2885773130544886, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "prior20_high": 171.2, "prior60_high": 173.6 }, "support_zone": { "first": { "lower": 156.86666666666665, "upper": 157.7625, "volume_shares": 51627568, "amount_cny": 8125427312, "bar_count": 23, "volume_share": 0.07249228204814978, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -0.30761512463036017, "zone_center_price": 157.3145833333333, "distance_to_zone_percent": -0.30761512463036017, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, "second": { "lower": 154.17916666666665, "upper": 155.075, "volume_shares": 51621763, "amount_cny": 7978511415, 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"upper": 128.79958333333335, "volume_shares": 243318828, "amount_cny": 30989246697, "bar_count": 63, "volume_share": 0.0742450622601702, "window": 60, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -19.125079214195186, "zone_center_price": 127.620625, "distance_to_zone_percent": -19.125079214195186, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 124.08375000000001, "upper": 126.44166666666666, "volume_shares": 295744118, "amount_cny": 37007871184, "bar_count": 83, "volume_share": 0.09024184702216764, "window": 60, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -20.6193229826785, "zone_center_price": 125.26270833333334, "distance_to_zone_percent": -20.6193229826785, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { 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"MCR_effective": "NORMAL", "risk_cap": 1, "direction_60m": "震荡", "daily_direction": "震荡", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": false, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": 2.8472672855610615, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "LH_LL", "behavior_state": "acceptance_test" }, "etf_environment": { "symbol": "512010.SH", "price": 0.38, "shares": 38647694900, "shares_date": "2026-10-09", "share_change": { "1": 149000000, "5": -615000000, "20": -1424000000 }, "premium_discount_percent": -0.262, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "volume_unit", "snapshot_share_date" ], "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "Wind2日度份额及行情快照；详细口径见ETF接口" } ] } }, "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/603259/latest.json" }, { "symbol": "002821", "windcode": "002821.SZ", "name": "凯莱英", "sector": "医药/CDMO", "trade_date": "2026-10-09", "model_date": "2026-10-09", "schema_version": "stock-research-2.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": "冻结V18实际使用的CAS、SLEEVE04、z5及原MRC模块；非旧R15协议" }, "calculation_version": "v19-evidence-1.1.1", "execution_version": "t-watch-1.1.0", "daily_current": { "date": "2026-10-09", "open": 179, "high": 181.18, "low": 170.1, "close": 177.93, "amount": 1457626038, "volume": 8317971, "previous_close": 180.68, "change_percent": -1.5220278946203258, "amplitude_percent": 6.132388753597527, "adjusted_change_percent": -1.5220838877850529, "high_5": 192, "low_5": 170.1, "high_10": 194.32, "low_10": 170.1, "high_20": 194.32, 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10.940947886218556, "end_date": "2026-10-09" }, "60": { "stock_return_percent": 10.358915694645887, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": 21.823732328535037, "end_date": "2026-10-09" } } }, "sector_role": { "classification": null, "research_pool_role": "后排", "protocol_version": "research-pool-role-1.0.0", "role_effective_date": "2026-10-09", "industry_role": null, "reason": "全行业地位未核验；单独给出固定研究池统计角色，不混为行业身份" }, "sector_synchronization": { "leader": false, "core": false, "laggards": false, "leader_core": true, "leader_stabilizes_first": false, "breadth_deterioration": false, "selected_peer_observations": [ { "symbol": "603456", "name": "九洲药业", "role": "二线", "return_percent": -0.24464831804282827, "amount_cny": 339369037 }, { "symbol": "000739", "name": "普洛药业", "role": "龙头", "return_percent": -6.823184152604556, "amount_cny": 936507005 }, { "symbol": "603259", "name": "药明康德", "role": "中军", "return_percent": -2.592592592592591, "amount_cny": 9417207735 }, { "symbol": "002821", "name": "凯莱英", "role": "后排", "return_percent": -1.5220278946203258, "amount_cny": 1457626038 } ], "scope": "固定研究池统计角色；非全行业已核验龙头/中军身份，不代替个股模型。医药池是CXO/CDMO与原料药观察池，不代表全部创新药。" }, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "本股独立Wind2归档及冻结模型", "stock_source_manifest_sha256": "5ec70dc87009e4cfa58152536bd6cf0ae14a8c5b70e755e79288c1e8c5bdd129", "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/002821/latest.json" } ] }, "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "market_environment.risk_budget.numeric_budget", "etf_environment.volume_unit", "etf_environment.snapshot_share_date", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "etf_environment.volume_unit": "快照未给成交量单位，保留提供方原值，不猜测份/手", "etf_environment.snapshot_share_date": "行情交易日不证明准静态份额数据日期", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "research_role": { "sector": "医药/CDMO", "role": "rear", 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"tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } } }, "models_history_last5": [ { "date": "2026-09-28", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -0.3628542080991447, "dz1": 0.22915415518744442 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-09-29", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -0.9062180840681257, "dz1": -0.543363875968981 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-09-30", "CAS": "LONG_TREND_STRONG", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.0708932399814191, "dz1": 0.9771113240495447 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-10-08", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -0.512400682969039, "dz1": -0.583293922950458 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } }, { "date": "2026-10-09", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -0.027156421166352872, "dz1": 0.4852442618026861 }, "MCR": { "original_MRC_risk": "NORMAL", "effective_MRC": "NORMAL" } } ], "vwap_structure": { "date": "2026-10-09", "vwap": 175.23817262647344, "close": 177.93, "distance_to_vwap_percent": 1.5360964641330188, "time_above_vwap_percent": null, "time_below_vwap_percent": null, "bar_close_time_proxy_above_percent": 50, "bar_close_time_proxy_below_percent": 50, "first_break_below_bar_end": "2026-10-09T09:45:00.000+08:00", "first_reclaim_bar_end": "2026-10-09T13:15:00.000+08:00", "closed_above_vwap": true, "crossing_time_basis": "15分钟收盘采样；实际穿越时刻及区间内停留时间未知" }, "supply_zone": { "first": { "lower": 184.61041666666665, "upper": 185.9975, "volume_shares": 12307283, "amount_cny": 2276840307, "bar_count": 19, "volume_share": 0.0710315442466508, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 4.144303003053627, "zone_center_price": 185.30395833333333, "distance_to_zone_percent": 4.144303003053627, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "second": { "lower": 185.9975, "upper": 187.38458333333332, "volume_shares": 10227419, "amount_cny": 1910875546, "bar_count": 20, "volume_share": 0.059027598961325346, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 4.923869873920442, "zone_center_price": 186.69104166666665, "distance_to_zone_percent": 4.923869873920442, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "prior20_high": 194.32, "prior60_high": 200 }, "support_zone": { "first": { "lower": 173.51375, "upper": 174.90083333333334, "volume_shares": 10667548, "amount_cny": 1859957751, "bar_count": 20, "volume_share": 0.06156780564526478, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -2.092231963880933, "zone_center_price": 174.20729166666666, "distance_to_zone_percent": -2.092231963880933, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, "second": { "lower": 166.41750000000002, "upper": 168.81625, "volume_shares": 59023768, "amount_cny": 9894174676, "bar_count": 68, "volume_share": 0.08431315694587027, "window": 60, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -5.796169842072732, "zone_center_price": 167.616875, "distance_to_zone_percent": -5.796169842072732, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, "potential_support_zones": [ { "lower": 173.51375, "upper": 174.90083333333334, "volume_shares": 10667548, "amount_cny": 1859957751, "bar_count": 20, "volume_share": 0.06156780564526478, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -2.092231963880933, "zone_center_price": 174.20729166666666, "distance_to_zone_percent": -2.092231963880933, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 166.41750000000002, "upper": 168.81625, "volume_shares": 59023768, "amount_cny": 9894174676, "bar_count": 68, "volume_share": 0.08431315694587027, "window": 60, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -5.796169842072732, "zone_center_price": 167.616875, "distance_to_zone_percent": -5.796169842072732, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 165.19125, "upper": 166.57833333333332, "volume_shares": 10388257, "amount_cny": 1724665888, "bar_count": 25, "volume_share": 0.05995587626782287, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -6.769633189081849, "zone_center_price": 165.88479166666667, "distance_to_zone_percent": -6.769633189081849, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 161.62, "upper": 164.01875, "volume_shares": 54670331, "amount_cny": 8895319236, "bar_count": 79, "volume_share": 0.07809444151186141, "window": 60, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -8.492454897993593, "zone_center_price": 162.819375, "distance_to_zone_percent": -8.492454897993593, "zone_direction": "below", "price_basis": "unadjusted_market_price" } ], "method": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "zone_absence_semantics": "null区表示所选密集区中无符合位置的候选，不代表不存在真实供应/承接", "price_basis": "unadjusted_market_price" }, "acceptance_quality": { "state": "混合/待确认", "evidence": { "higher_low_days": 2, "above_vwap_days": 3, "upper_half_close_days": 3 }, "interpretation_limit": "量价结构观察，不证明机构吸筹、净买入或抛压衰竭" }, "trading_execution": { "state": "T_NEUTRAL", "evidence": [ "execution_confirmation_not_met", "close_above_vwap", "structural_direction_TRANSITION", "behavior_state_neutral", "mcr_normal", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": true, "MCR_original": "NORMAL", "MCR_effective": "NORMAL", "risk_cap": 1, "direction_60m": "震荡", "daily_direction": "下行", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": false, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": 6.369806085901009, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "TRANSITION", "behavior_state": "neutral", "structure_60m": { "direction": "震荡", "confirmed_structure": { "high_sequence": "HH", "low_sequence": "LL", "state": "HH/LL", "last_confirmed_highs": [ { "time": "2026-09-29T10:30:00.000+08:00", "price": 188.96 }, { "time": "2026-09-30T14:00:00.000+08:00", "price": 192 } ], "last_confirmed_lows": [ { "time": "2026-09-30T10:30:00.000+08:00", "price": 175.68 }, { "time": "2026-10-09T11:30:00.000+08:00", "price": 170.1 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "recent_high": 194.32, "recent_low": 170.1, "aligned_with_daily": false, "volume_price": { "last4_amount": 1457626038, "previous4_amount": 1399274655 }, "price_basis": "unadjusted_market_price", "structural_direction": "TRANSITION", "behavior_state": "neutral", "behavior_evidence": { "completed_60m_bar_count": 4, "first_open": 179, "last_close": 177.93, "session_vwap": 175.23817262647344, "classification_scope": "60m observed rebound; otherwise neutral, no calibrated behavior probability" } }, "structure_15m": { "state": "过渡结构中的中性观察", "confirmed_structure": { "high_sequence": "HH", "low_sequence": "LL", "state": "HH/LL", "last_confirmed_highs": [ { "time": "2026-10-09T13:30:00.000+08:00", "price": 178.73 }, { "time": "2026-10-09T14:30:00.000+08:00", "price": 178.88 } ], "last_confirmed_lows": [ { "time": "2026-10-09T09:45:00.000+08:00", "price": 173 }, { "time": "2026-10-09T11:15:00.000+08:00", "price": 170.1 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "flags": { "low_volume_retest": false, "high_volume_breakout": false, "high_volume_stagnation": false, "break_and_reclaim_previous_low": false, "spike_and_pullback": false, "Higher_Low": false, "Lower_High": false }, "legacy_behavior_label": "换手", "structural_direction": "TRANSITION", "behavior_state": "neutral", "description": "过渡结构中的中性观察", "price_basis": "unadjusted_market_price" } }, "t_execution": { "state": "T_NEUTRAL", "evidence": [ "execution_confirmation_not_met", "close_above_vwap", "structural_direction_TRANSITION", "behavior_state_neutral", "mcr_normal", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": true, "MCR_original": "NORMAL", "MCR_effective": "NORMAL", "risk_cap": 1, "direction_60m": "震荡", "daily_direction": "下行", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": false, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": 6.369806085901009, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "TRANSITION", "behavior_state": "neutral" }, "etf_environment": { "symbol": "512010.SH", "price": 0.38, "shares": 38647694900, "shares_date": "2026-10-09", "share_change": { "1": 149000000, "5": -615000000, "20": -1424000000 }, "premium_discount_percent": -0.262, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "volume_unit", "snapshot_share_date" ], "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "Wind2日度份额及行情快照；详细口径见ETF接口" } ] } }, "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/002821/latest.json" }, { "symbol": "002315", "windcode": "002315.SZ", "name": "焦点科技", "sector": "跨境电商服务", "trade_date": "2026-10-09", "model_date": "2026-10-09", "schema_version": "stock-research-2.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": "冻结V18实际使用的CAS、SLEEVE04、z5及原MRC模块；非旧R15协议" }, "calculation_version": "v19-evidence-1.1.1", "execution_version": "t-watch-1.1.0", "daily_current": { "date": "2026-10-09", "open": 24.15, "high": 25.23, "low": 23.66, "close": 25.08, "amount": 199239740, "volume": 8142927, "previous_close": 24.15, "change_percent": 3.850931677018643, "amplitude_percent": 6.501035196687373, "adjusted_change_percent": 3.8536093665193505, "high_5": 25.35, "low_5": 23.66, "high_10": 26.59, "low_10": 23.66, "high_20": 27.18, "low_20": 23.52, "high_60": 28.83, "low_60": 22.04 }, "price_structure": { "high_sequence": "LH", "low_sequence": "LL", "state": "LH/LL", "prior_day_high": 25, "prior_day_low": 24.09, "breakout_previous_high": true, "break_previous_low_and_reclaim": true, "distance_to_prior20_high_percent": 8.373205741626801, "distance_to_prior60_high_percent": 14.952153110047847 }, "relative_strength": { "benchmark_symbol": "000300.SH", "benchmark_name": "沪深300", "basis": "本股后复权价收益减沪深300价格指数收益，非含息全收益基准", "windows": { "5": { "stock_return_percent": 1.2932012402631754, "benchmark_return_percent": -2.7458021148240475, "excess_percentage_points": 4.039003355087223, "end_date": "2026-10-09" }, "10": { "stock_return_percent": 3.8053165930403754, "benchmark_return_percent": -3.204145142775139, "excess_percentage_points": 7.009461735815514, "end_date": "2026-10-09" }, "20": { "stock_return_percent": 0.007466587023063909, "benchmark_return_percent": -5.169156829753674, "excess_percentage_points": 5.176623416776738, "end_date": "2026-10-09" }, "60": { "stock_return_percent": 10.557160544779197, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": 22.02197717866835, "end_date": "2026-10-09" } } }, "sector_role": { "classification": null, "method": null, "reason": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推" }, "sector_synchronization": { "leader": null, "core": null, "laggards": null, "selected_peer_observations": [ { "symbol": "002315", "name": "焦点科技", "trade_date": "2026-10-09", "adjusted_return_5day_percent": 1.2932012402631754, "excess_20day_pp": 5.176623416776738 } ], "reason": "仅保存已核验个股序列；不猜测全行业地位" }, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T17:21:12.062530+08:00", "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "etf_environment", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "research_role.role", "sector_synchronization.leader", "sector_synchronization.core", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "etf_environment": "焦点科技尚无已核验的专属ETF映射；不指定不相关ETF代替", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "research_role.role": "该股不属于固定三研究观察池，未定义可核验池内角色；不扩大股票池或臆造行业地位", "sector_synchronization.leader": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.core": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "stale_fields": [], "quality_flag": "partial", "sources": [ { "source": "本股独立Wind2归档及冻结模型", "stock_source_manifest_sha256": "a90b947eec523da887f5236c7e42f48b74e3fcb3f961e38a5b3a8ac832813aae", "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/002315/latest.json" } ] }, "missing_fields": [ "sector_role.classification", "models_history.full_controller_history", "etf_environment", "vwap_structure.time_above_vwap_percent", "vwap_structure.time_below_vwap_percent", "transaction_structure.closing_behavior.aggressive_buying", "trading_execution.confidence", "research_role.role", "sector_synchronization.leader", "sector_synchronization.core", "sector_synchronization.laggards", "market_environment.risk_budget.numeric_budget", "stock_index_futures" ], "missing_reasons": { "sector_role.classification": "未封存且未定义全板块龙头/中军/后排判定协议，不能从研究池两只股票外推", "models_history.full_controller_history": "过去未逐日保存完整控制器内部快照；保留本股原生模型特征与决策变化，不反推未封存状态", "etf_environment": "焦点科技尚无已核验的专属ETF映射；不指定不相关ETF代替", "vwap_structure.time_above_vwap_percent": "15m OHLC无区间内真实停留时间；提供等时长bar收盘采样代理", "vwap_structure.time_below_vwap_percent": "同上，不以bar占比冒充逐笔时间", "transaction_structure.closing_behavior.aggressive_buying": "未获得逐笔方向数据，收盘上涨不等于主动买盘", "trading_execution.confidence": "没有概率校准，保留null", "research_role.role": "该股不属于固定三研究观察池，未定义可核验池内角色；不扩大股票池或臆造行业地位", "sector_synchronization.leader": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.core": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "sector_synchronization.laggards": "该股固定研究池没有此角色样本或不属于三条观察线，缺失不外推", "market_environment.risk_budget.numeric_budget": "市场环境只给观察状态，未定义仓位数值映射；固定V18风险上限另存", "stock_index_futures": "当前官方期货行情/席位取数未成功" }, "research_role": { "sector": "跨境电商服务", "role": null, "effective_from": "2026-10-09", "recorded_at": "2026-10-10T17:21:12.062530+08:00", "protocol_version": "research-pool-role-1.0.0", "description": "仅代表本站固定研究池中的统计结构角色，不代表绝对行业地位；按所属日另行封存，不回填旧历史", "data_incomplete": true }, "schema_effective_trade_date": "2026-10-09", "models": { "CAS": { "native_state": "LONG_TREND_OFF", "record_state": { "CAS_mom120": -0.17732326024199985, "CAS_permission": false }, "symbol": "002315", "trade_date": "2026-10-09", "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "SLEEVE04": { "symbol": "002315", "trade_date": "2026-10-09", "native_state": { "sleeve_trigger": false, "sleeve_held": false, "repair": true, "bottom_trial": true, "false_stability": false }, "record_state": { "confirmed_repair": false, "trial_confirmation_days": 0 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "z5": { "symbol": "002315", "trade_date": "2026-10-09", "native_state": { "z5": 0.2205262076168077, "dz1": 1.245134213424248, "new_price_contribution": 0.6793826988393612 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "MCR": { "symbol": "002315", "trade_date": "2026-10-09", "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE", "risk_cap": 0, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } } }, "models_history_last5": [ { "date": "2026-09-28", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.04612796548123289, "dz1": -0.4259032497108783 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-29", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.5417543061987995, "dz1": 0.4956263407175666 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-30", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -0.750876194028895, "dz1": -1.2926305002276945 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-10-08", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.0246080058074403, "dz1": -0.2737318117785452 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-10-09", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": 0.2205262076168077, "dz1": 1.245134213424248 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } } ], "vwap_structure": { "date": "2026-10-09", "vwap": 24.46782833740251, "close": 25.08, "distance_to_vwap_percent": 2.50194522438143, "time_above_vwap_percent": null, "time_below_vwap_percent": null, "bar_close_time_proxy_above_percent": 56.25, "bar_close_time_proxy_below_percent": 43.75, "first_break_below_bar_end": "2026-10-09T09:45:00.000+08:00", "first_reclaim_bar_end": "2026-10-09T11:00:00.000+08:00", "closed_above_vwap": true, "crossing_time_basis": "15分钟收盘采样；实际穿越时刻及区间内停留时间未知" }, "supply_zone": { "first": { "lower": 25.152083333333334, "upper": 25.435, "volume_shares": 45842017, "amount_cny": 1160797727, "bar_count": 80, "volume_share": 0.08619922295646956, "window": 60, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 0.8514420520999516, "zone_center_price": 25.293541666666666, "distance_to_zone_percent": 0.8514420520999516, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "second": { "lower": 25.435, "upper": 25.717916666666667, "volume_shares": 36824488, "amount_cny": 941000040, "bar_count": 75, "volume_share": 0.06924307565633157, "window": 60, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 1.9794989367357918, "zone_center_price": 25.576458333333335, "distance_to_zone_percent": 1.9794989367357918, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "prior20_high": 27.18, "prior60_high": 28.83 }, "support_zone": { "first": { "lower": 24.8925, "upper": 25.044999999999998, "volume_shares": 10257090, "amount_cny": 256040374, "bar_count": 31, "volume_share": 0.06775233619987647, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -0.4435805422647461, "zone_center_price": 24.96875, "distance_to_zone_percent": -0.4435805422647461, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, "second": { "lower": 24.74, "upper": 24.8925, "volume_shares": 15268279, "amount_cny": 378850084, "bar_count": 29, "volume_share": 0.10085331921641653, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -1.0516347687400387, "zone_center_price": 24.816249999999997, "distance_to_zone_percent": -1.0516347687400387, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, "potential_support_zones": [ { "lower": 24.8925, "upper": 25.044999999999998, "volume_shares": 10257090, "amount_cny": 256040374, "bar_count": 31, "volume_share": 0.06775233619987647, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -0.4435805422647461, "zone_center_price": 24.96875, "distance_to_zone_percent": -0.4435805422647461, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 24.74, "upper": 24.8925, "volume_shares": 15268279, "amount_cny": 378850084, "bar_count": 29, "volume_share": 0.10085331921641653, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -1.0516347687400387, "zone_center_price": 24.816249999999997, "distance_to_zone_percent": -1.0516347687400387, "zone_direction": "below", "price_basis": "unadjusted_market_price" }, { "lower": 24.13, "upper": 24.2825, "volume_shares": 15408871, "amount_cny": 372888500, "bar_count": 46, "volume_share": 0.10178198772288503, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": -3.483851674641153, "zone_center_price": 24.206249999999997, "distance_to_zone_percent": -3.483851674641153, "zone_direction": "below", "price_basis": "unadjusted_market_price" } ], "method": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "zone_absence_semantics": "null区表示所选密集区中无符合位置的候选，不代表不存在真实供应/承接", "price_basis": "unadjusted_market_price" }, "acceptance_quality": { "state": "混合/待确认", "evidence": { "higher_low_days": 1, "above_vwap_days": 2, "upper_half_close_days": 2 }, "interpretation_limit": "量价结构观察，不证明机构吸筹、净买入或抛压衰竭" }, "trading_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_above_vwap", "structural_direction_HH_HL", "behavior_state_supply_test", "mcr_defensive", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": false, "MCR_original": "DEFENSIVE", "MCR_effective": "DEFENSIVE", "risk_cap": 0, "direction_60m": "下行", "daily_direction": "下行", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": true, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": 1.3007926574885254, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "HH_HL", "behavior_state": "supply_test", "structure_60m": { "direction": "下行", "confirmed_structure": { "high_sequence": "LH", "low_sequence": "LL", "state": "LH/LL", "last_confirmed_highs": [ { "time": "2026-09-30T10:30:00.000+08:00", "price": 25.15 }, { "time": "2026-10-08T10:30:00.000+08:00", "price": 25 } ], "last_confirmed_lows": [ { "time": "2026-10-08T10:30:00.000+08:00", "price": 24.2 }, { "time": "2026-10-09T10:30:00.000+08:00", "price": 23.66 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "recent_high": 26.59, "recent_low": 23.66, "aligned_with_daily": true, "volume_price": { "last4_amount": 199239740, "previous4_amount": 134683954 }, "price_basis": "unadjusted_market_price", "structural_direction": "LH_LL", "behavior_state": "rebound_turnover", "behavior_evidence": { "completed_60m_bar_count": 4, "first_open": 24.15, "last_close": 25.08, "session_vwap": 24.46782833740251, "classification_scope": "60m observed rebound; otherwise neutral, no calibrated behavior probability" } }, "structure_15m": { "state": "上升结构中的供应测试", "confirmed_structure": { "high_sequence": "HH", "low_sequence": "HL", "state": "HH/HL", "last_confirmed_highs": [ { "time": "2026-10-09T13:15:00.000+08:00", "price": 24.27 }, { "time": "2026-10-09T14:30:00.000+08:00", "price": 25.23 } ], "last_confirmed_lows": [ { "time": "2026-10-09T10:15:00.000+08:00", "price": 23.66 }, { "time": "2026-10-09T11:30:00.000+08:00", "price": 23.72 } ], "method": "中心前后各2根确认枢轴，未使用末两根尚未确认的枢轴；无未来数据" }, "flags": { "low_volume_retest": false, "high_volume_breakout": false, "high_volume_stagnation": false, "break_and_reclaim_previous_low": true, "spike_and_pullback": false, "Higher_Low": true, "Lower_High": false }, "legacy_behavior_label": "供应测试", "structural_direction": "HH_HL", "behavior_state": "supply_test", "description": "上升结构中的供应测试", "price_basis": "unadjusted_market_price" } }, "t_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_above_vwap", "structural_direction_HH_HL", "behavior_state_supply_test", "mcr_defensive", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": false, "MCR_original": "DEFENSIVE", "MCR_effective": "DEFENSIVE", "risk_cap": 0, "direction_60m": "下行", "daily_direction": "下行", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": true, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": 1.3007926574885254, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "HH_HL", "behavior_state": "supply_test" }, "etf_environment": null, "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/002315/latest.json" }, { "symbol": "159583", "windcode": "159583.SZ", "name": "富国中证通信设备主题ETF", "sector": "CPO/光通信", "trade_date": "2026-10-09", "model_date": "2026-10-09", "schema_version": "stock-research-2.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": "冻结V18实际使用的CAS、SLEEVE04、z5及原MRC模块；非旧R15协议" }, "calculation_version": "v19-evidence-1.1.1", "execution_version": "t-watch-1.1.0", "daily_current": { "time": "2026-10-09T00:00:00.000+08:00", "date": "2026-10-09", "open": 1.46, "high": 1.481, "low": 1.405, "close": 1.475, "amount": 543404562, "volume": 374662628, "provider_average_price": 1.45, "previous_close": 1.486, "change_percent": -0.7402422611036297, "adjusted_change_percent": -0.7402422611036297, "high_5": 1.666, "low_5": 1.405, "high_10": 1.787, "low_10": 1.405, "high_20": 1.787, "low_20": 1.405, "high_60": 2.006, "low_60": 1.338 }, "price_structure": { "high_sequence": "HH", "low_sequence": "HL", "state": "HH/HL", "prior_day_high": 1.579, "prior_day_low": 1.471, "breakout_previous_high": false, "break_previous_low_and_reclaim": true, "distance_to_prior20_high_percent": 21.152542372881346, "distance_to_prior60_high_percent": 35.99999999999998 }, "relative_strength": { "comparisons": { "000300.SH": { "benchmark_symbol": "000300.SH", "basis": "own back-adjusted ETF return minus benchmark price return, percentage points", "windows": { "1": { "etf_return_percent": -0.7402422611036297, "benchmark_return_percent": 0.16170643206474544, "excess_percentage_points": -0.9019486931683751, "end_date": "2026-10-09" }, "5": { "etf_return_percent": -12.1500893388922, "benchmark_return_percent": -2.7458021148240475, "excess_percentage_points": -9.404287224068153, "end_date": "2026-10-09" }, "10": { "etf_return_percent": -13.030660377358483, "benchmark_return_percent": -3.204145142775139, "excess_percentage_points": -9.826515234583344, "end_date": "2026-10-09" }, "20": { "etf_return_percent": -7.8125, "benchmark_return_percent": -5.169156829753674, "excess_percentage_points": -2.643343170246326, "end_date": "2026-10-09" }, "60": { "etf_return_percent": -24.35897435897435, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": -12.894157725085199, "end_date": "2026-10-09" } } }, "000852.SH": { "benchmark_symbol": "000852.SH", "basis": "own back-adjusted ETF return minus benchmark price return, percentage points", "windows": { "1": { "etf_return_percent": -0.7402422611036297, "benchmark_return_percent": 0.24276536790230896, "excess_percentage_points": -0.9830076290059386, "end_date": "2026-10-09" }, "5": { "etf_return_percent": -12.1500893388922, "benchmark_return_percent": -5.47189351848183, "excess_percentage_points": -6.678195820410371, "end_date": "2026-10-09" }, "10": { "etf_return_percent": -13.030660377358483, "benchmark_return_percent": -5.204919444363487, "excess_percentage_points": -7.8257409329949965, "end_date": "2026-10-09" }, "20": { "etf_return_percent": -7.8125, "benchmark_return_percent": -5.844528361468937, "excess_percentage_points": -1.967971638531063, "end_date": "2026-10-09" }, "60": { "etf_return_percent": -24.35897435897435, "benchmark_return_percent": -13.78504785496043, "excess_percentage_points": -10.57392650401392, "end_date": "2026-10-09" } } }, "399006.SZ": { "benchmark_symbol": "399006.SZ", "basis": "own back-adjusted ETF return minus benchmark price return, percentage points", "windows": { "1": { "etf_return_percent": -0.7402422611036297, "benchmark_return_percent": 0.21964921986656893, "excess_percentage_points": -0.9598914809701986, "end_date": "2026-10-09" }, "5": { "etf_return_percent": -12.1500893388922, "benchmark_return_percent": -7.468036911476306, "excess_percentage_points": -4.682052427415895, "end_date": "2026-10-09" }, "10": { "etf_return_percent": -13.030660377358483, "benchmark_return_percent": -7.730625684062442, "excess_percentage_points": -5.300034693296041, "end_date": "2026-10-09" }, "20": { "etf_return_percent": -7.8125, "benchmark_return_percent": -8.12699620231001, "excess_percentage_points": 0.31449620231001063, "end_date": "2026-10-09" }, "60": { "etf_return_percent": -24.35897435897435, "benchmark_return_percent": -24.260795337180863, "excess_percentage_points": -0.09817902179348792, "end_date": "2026-10-09" } } } }, "benchmark_symbol": "000300.SH", "windows": { "1": { "etf_return_percent": -0.7402422611036297, "benchmark_return_percent": 0.16170643206474544, "excess_percentage_points": -0.9019486931683751, "end_date": "2026-10-09" }, "5": { "etf_return_percent": -12.1500893388922, "benchmark_return_percent": -2.7458021148240475, "excess_percentage_points": -9.404287224068153, "end_date": "2026-10-09" }, "10": { "etf_return_percent": -13.030660377358483, "benchmark_return_percent": -3.204145142775139, "excess_percentage_points": -9.826515234583344, "end_date": "2026-10-09" }, "20": { "etf_return_percent": -7.8125, "benchmark_return_percent": -5.169156829753674, "excess_percentage_points": -2.643343170246326, "end_date": "2026-10-09" }, "60": { "etf_return_percent": -24.35897435897435, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": -12.894157725085199, "end_date": "2026-10-09" } }, "research_pool": { "symbols": [ "300502", "300308" ], "method": "equal-weight mean of each peer own adjusted n-session return; research pool proxy only", "windows": [ { "sessions": 1, "pool_return_percent": -1.5888495674669934, "etf_return_percent": -0.7402422611036297, "excess_percentage_points": 0.8486073063633637 }, { "sessions": 5, "pool_return_percent": -14.177640350440836, "etf_return_percent": -12.1500893388922, "excess_percentage_points": 2.027551011548635 }, { "sessions": 10, "pool_return_percent": -13.115389114334686, "etf_return_percent": -13.030660377358483, "excess_percentage_points": 0.08472873697620287 }, { "sessions": 20, "pool_return_percent": -4.211319868291052, "etf_return_percent": -7.8125, "excess_percentage_points": -3.601180131708948 }, { "sessions": 60, "pool_return_percent": -33.62622650721984, "etf_return_percent": -24.35897435897435, "excess_percentage_points": 9.26725214824549 } ] } }, "sector_role": { "research_pool_role": null, "description": "ETF exposure, not an individual-company leader/core ranking" }, "sector_synchronization": { "leader": null, "core": null, "laggards": null }, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T23:02:14.509613+08:00", "sources": [ { "source": "Wind Financial Data Service", "account": "wind2", "request": { "account": "wind2", "server_type": "fund_data", "tool_name": "get_fund_kline", "arguments": { "windcode": "159583.SZ", "begin_date": "2024-07-08", "end_date": "2026-10-09", "period": "1d", "aftype": "2", "count": 0, "issusp": "1" } }, "retrieved_at_utc": "2026-10-10T14:51:37.377Z", "raw_receipt_sha256": "d4f208e04a4a8e0647c20a02890a36eaeacf6df83b2a759f913999b2a61b3633", "units_from_provider": { "TURNOVER 单位：": "元" }, "receipt_file": "159583_daily_raw.json" }, { "source": "Wind Financial Data Service", "account": "wind2", "request": { "account": "wind2", "server_type": "fund_data", "tool_name": "get_fund_kline", "arguments": { "windcode": "159583.SZ", "begin_date": "2024-07-08", "end_date": "2026-10-09", "period": "1d", "aftype": "1", "count": 0, "issusp": "1" } }, "retrieved_at_utc": "2026-10-10T14:52:01.390Z", "raw_receipt_sha256": "e6dedd3fea65834e1346074124a471fd360c7916bf42115bd3b201392c26814e", "units_from_provider": { "TURNOVER 单位：": "元" }, "receipt_file": "159583_daily_adj.json" }, { "source": "Wind Financial Data Service", "account": "wind2", "request": { "account": "wind2", "server_type": "fund_data", "tool_name": "get_fund_kline", "arguments": { "windcode": "159583.SZ", "begin_date": "2026-08-28", "end_date": "2026-10-09", "period": "15min", "aftype": "2", "count": 0, "issusp": "1" } }, "retrieved_at_utc": "2026-10-10T14:52:29.508Z", "raw_receipt_sha256": "9c10ce7205cd34213241db359c0907ac52d9abb6cd015765cb3fd16b8533b93b", "units_from_provider": { "TURNOVER 单位：": "元" }, "receipt_file": "159583_15min.json" }, { "source": "Wind Financial Data Service", "account": "wind2", "request": { "account": "wind2", "server_type": "fund_data", "tool_name": "get_fund_kline", "arguments": { "windcode": "159583.SZ", "begin_date": "2026-08-28", "end_date": "2026-10-09", "period": "60min", "aftype": "2", "count": 0, "issusp": "1" } }, "retrieved_at_utc": "2026-10-10T14:52:31.094Z", "raw_receipt_sha256": "bc5f726ba41015727454a92775171a57e9380fa41083d6c22c875740d1bad435", "units_from_provider": { "TURNOVER 单位：": "元" }, "receipt_file": "159583_60min.json" } ], "missing_fields": [ "dividends", "trading_rules", "volume_unit", "sector_synchronization", "VWAP_tick_time", "aggressive_buying", "confidence", "supply_zone.profiles.60", "daily_kline.historical_activity" ], "missing_reasons": { "dividends": "Wind query returned no usable data, not proof of no dividends; no cash dividends booked; adjustment-factor reconciliation only", "trading_rules": "Wind mislabeled daily change and fund shares as rules; rejected. Existing 10% / 0.01 tick / fractional amount execution proxy retained; actual ETF limit and lot fills unverified", "volume_unit": "Wind supplies no VOLUME unit. amount/raw volume agrees with rounded market AVPRICE across daily bars; inferred fund-share scale only", "sector_synchronization": "ETF is an exposure instrument; pool observations external only; no inferred issuer leader role", "VWAP_tick_time": "15m close sampling cannot establish exact tick crossing or time above/below VWAP", "aggressive_buying": "No tick direction data", "confidence": "No historical probability calibration", "supply_zone.profiles.60": "Only 25 sessions of minute inputs requested. Complete 60-day minute volume profile is null; separately labeled partial proxy and full 60-day daily history retained.", "daily_kline.historical_activity": "Missing raw amount/volume at 2025-09-11; flat-price warmup only used zero-activity proxy; not a confirmed suspension." }, "stale_fields": [], "quality_flag": "partial" }, "missing_fields": [ "dividends", "trading_rules", "volume_unit", "sector_synchronization", "VWAP_tick_time", "aggressive_buying", "confidence", "supply_zone.profiles.60", "daily_kline.historical_activity" ], "missing_reasons": { "dividends": "Wind query returned no usable data, not proof of no dividends; no cash dividends booked; adjustment-factor reconciliation only", "trading_rules": "Wind mislabeled daily change and fund shares as rules; rejected. Existing 10% / 0.01 tick / fractional amount execution proxy retained; actual ETF limit and lot fills unverified", "volume_unit": "Wind supplies no VOLUME unit. amount/raw volume agrees with rounded market AVPRICE across daily bars; inferred fund-share scale only", "sector_synchronization": "ETF is an exposure instrument; pool observations external only; no inferred issuer leader role", "VWAP_tick_time": "15m close sampling cannot establish exact tick crossing or time above/below VWAP", "aggressive_buying": "No tick direction data", "confidence": "No historical probability calibration", "supply_zone.profiles.60": "Only 25 sessions of minute inputs requested. Complete 60-day minute volume profile is null; separately labeled partial proxy and full 60-day daily history retained.", "daily_kline.historical_activity": "Missing raw amount/volume at 2025-09-11; flat-price warmup only used zero-activity proxy; not a confirmed suspension." }, "research_role": { "sector": "CPO/光通信", "role": null, "effective_from": "2026-10-12", "recorded_at": "2026-10-10T23:02:14.509613+08:00", "protocol_version": "research-pool-role-1.0.0", "description": "User-held ETF exposure in the research pool; not a company leader/core classification", "data_incomplete": false }, "schema_effective_trade_date": "2026-10-09", "models": { "CAS": { "native_state": "LONG_TREND_OFF", "record_state": { "CAS_mom120": -0.03908794788273606, "CAS_permission": false }, "symbol": "159583", "trade_date": "2026-10-09", "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "SLEEVE04": { "symbol": "159583", "trade_date": "2026-10-09", "native_state": { "sleeve_trigger": false, "sleeve_held": true, "repair": false, "bottom_trial": false, "false_stability": true }, "record_state": { "confirmed_repair": false, "trial_confirmation_days": 0 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "z5": { "symbol": "159583", "trade_date": "2026-10-09", "native_state": { "z5": -1.817126317418815, "dz1": 0.2708260736710846, "new_price_contribution": -0.09802523131367606 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "MCR": { "symbol": "159583", "trade_date": "2026-10-09", "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE", "risk_cap": 0, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } } }, "models_history_last5": [ { "date": "2026-09-28", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.7261366978580766, "dz1": -1.5307815507473537 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-29", "CAS": "LONG_TREND_POSITIVE", "SLEEVE04": { "sleeve_original_trigger": true, "confirmed_repair": false }, "z5": { "z5": -1.7241664979772873, "dz1": 0.0019701998807892807 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-30", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.5381964040405265, "dz1": 0.18597009393676078 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-10-08", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -2.0879523910898996, "dz1": -0.5497559870493731 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-10-09", "CAS": "LONG_TREND_OFF", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.817126317418815, "dz1": 0.2708260736710846 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } } ], "vwap_structure": { "date": "2026-10-09", "vwap": 1.4503836822497278, "close": 1.475, "distance_to_vwap_percent": 1.6972279853624261, "closed_above_vwap": true, "first_reclaim_bar_end": "2026-10-09T13:30:00.000+08:00" }, "supply_zone": { "first": { "lower": 1.54825, "upper": 1.5641666666666667, "volume_shares": 453719152, "amount_cny": 706381119, "bar_count": 22, "volume_share": 0.06909955082626602, "window": 20, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 5.505649717514109, "zone_center_price": 1.5562083333333332, "distance_to_zone_percent": 5.505649717514109, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "second": { "lower": 1.596, "upper": 1.6119166666666667, "volume_shares": 453928641, "amount_cny": 728757351, "bar_count": 27, "volume_share": 0.05816735205342888, "window": 60, "basis": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "confidence": "minute_bar_distribution_proxy", "distance_percent": 8.74293785310734, "zone_center_price": 1.6039583333333334, "distance_to_zone_percent": 8.74293785310734, "zone_direction": "above", "price_basis": "unadjusted_market_price" }, "prior20_high": 1.787, "prior60_high": 2.006 }, "support_zone": { "first": null, "second": null, "potential_support_zones": [], "method": "24等宽箱；原始未复权15m HLC3分配该根全量额，不做复权因子或模型尺度转换。成交分布代理，非逐笔成交价/订单簿；公司行动跨期价格连续性需另行识别。", "zone_absence_semantics": "null区表示所选密集区中无符合位置的候选，不代表不存在真实供应/承接", "price_basis": "unadjusted_market_price" }, "acceptance_quality": { "state": "混合/待确认", "evidence": { "above_vwap_days": 2, "higher_low_days": 1 } }, "trading_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_above_vwap", "structural_direction_LH_LL", "behavior_state_rebound_turnover", "mcr_defensive", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": false, "MCR_original": "DEFENSIVE", "MCR_effective": "DEFENSIVE", "risk_cap": 0, "direction_60m": "下行", "daily_direction": "上升", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": true, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": null, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "LH_LL", "behavior_state": "rebound_turnover" }, "t_execution": { "state": "T_NEUTRAL", "evidence": [ "supply_support_span_unavailable_or_below_5_percent", "close_above_vwap", "structural_direction_LH_LL", "behavior_state_rebound_turnover", "mcr_defensive", "no_confirmed_repair", "intraday_vwap_recovery_observed" ], "confidence": null, "trend_permission": { "CAS_permission": false, "MCR_original": "DEFENSIVE", "MCR_effective": "DEFENSIVE", "risk_cap": 0, "direction_60m": "下行", "daily_direction": "上升", "core_policy": "CAS健康时仅观察机动仓；核心仓不自动减仓", "expanded_reduction_review_allowed": true, "automatic_orders": false, "final_decision_owner": "ChatGPT/用户", "only_watch_states": true, "intraday_decision_limit": "截至所属交易日收盘；不是当前实时行情" }, "reference_supply_support_span_percent": null, "as_of": "2026-10-09T15:00:00+08:00", "structural_direction": "LH_LL", "behavior_state": "rebound_turnover" }, "etf_environment": null, "detail_url": "https://www.zerocat.top/api/v1/_versions/2026-10-09-oss-hk-20261011/stocks/159583/latest.json", "asset_type": "ETF", "backtest": { "net_return": -0.05357274225089237, "final_equity": 94642.72577491077, "max_drawdown": 0.06154815849859396, "average_position": 0.07954482336300257, "peak_position": 0.8421207560060322, "return_to_drawdown": -0.870419904636403, "closed_waves": 1, "PF": 0, "win_rate": 0, "net_expectancy": -5357.274225089233, "cost": 131.57575498161412, "dividend_tax": 0, "turnover": 1.6446969372701765, "order_count": 4, "largest_wave_profit": 0, "top3_wave_profit": 0, "promoted_amount": null, "amount_account": true, "initial_cash": 100000, "commission": 49.34090811810529, "slippage": 82.23484686350882, "buy_and_hold_return": -0.2737567700640079, "period_start": "2026-07-01", "period_end": "2026-10-09", "simulation_days": 67, "warmup_days": 479, "daily_history_start": "2024-07-08", "classification": "mechanical_historical_backtest_known_sample", "closed_trade_definition": "closed account waves; order_count reports individual fills" }, "archive_policy": { "historical_backtest": "retrospective initialization on 2026-10-10T23:02:14.509613+08:00", "live_frozen_history_start": "2026-10-12", "no_backfilled_live_history": true } }, { "symbol": "159516", "windcode": "159516.SZ", "name": "国泰中证半导体材料设备主题ETF", "sector": "半导体设备", "trade_date": "2026-10-09", "model_date": "2026-10-09", "schema_version": "stock-research-2.1.1", "model_version": { "strategy_id": "R15_OPT_UNIFIED_V18", "variant": "v18", "frozen_entry_sha256": "40e74fb9620cbcc36459b3e8e91949a501f8e6e5535bd4a4916ef915019c6f1a", "model_scope": "冻结V18实际使用的CAS、SLEEVE04、z5及原MRC模块；非旧R15协议" }, "calculation_version": "v19-evidence-1.1.1", "execution_version": "t-watch-1.1.0", "daily_current": { "time": "2026-10-09T00:00:00.000+08:00", "date": "2026-10-09", "open": 0.62, "high": 0.626, "low": 0.588, "close": 0.622, "amount": 2988212563, "volume": 4922929706, "provider_average_price": 0.607, "previous_close": 0.627, "change_percent": -0.797448165869219, "adjusted_change_percent": -0.7977662544874309, "high_5": 0.704, "low_5": 0.588, "high_10": 0.738, "low_10": 0.588, "high_20": 0.738, "low_20": 0.588, "high_60": 1.004, "low_60": 0.588 }, "price_structure": { "high_sequence": "LH", "low_sequence": "LL", "state": "LH/LL", "prior_day_high": 0.659, "prior_day_low": 0.621, "breakout_previous_high": false, "break_previous_low_and_reclaim": true, "distance_to_prior20_high_percent": 18.64951768488746, "distance_to_prior60_high_percent": 212.70096463022506 }, "relative_strength": { "comparisons": { "000300.SH": { "benchmark_symbol": "000300.SH", "basis": "own back-adjusted ETF return minus benchmark price return, percentage points", "windows": { "1": { "etf_return_percent": -0.7977662544874309, "benchmark_return_percent": 0.16170643206474544, "excess_percentage_points": -0.9594726865521763, "end_date": "2026-10-09" }, "5": { "etf_return_percent": -11.27363539065287, "benchmark_return_percent": -2.7458021148240475, "excess_percentage_points": -8.527833275828822, "end_date": "2026-10-09" }, "10": { "etf_return_percent": -11.52614727854855, "benchmark_return_percent": -3.204145142775139, "excess_percentage_points": -8.32200213577341, "end_date": "2026-10-09" }, "20": { "etf_return_percent": -8.262633714496491, "benchmark_return_percent": -5.169156829753674, "excess_percentage_points": -3.0934768847428176, "end_date": "2026-10-09" }, "60": { "etf_return_percent": -36.0668380462725, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": -24.60202141238335, "end_date": "2026-10-09" } } }, "000852.SH": { "benchmark_symbol": "000852.SH", "basis": "own back-adjusted ETF return minus benchmark price return, percentage points", "windows": { "1": { "etf_return_percent": -0.7977662544874309, "benchmark_return_percent": 0.24276536790230896, "excess_percentage_points": -1.0405316223897398, "end_date": "2026-10-09" }, "5": { "etf_return_percent": -11.27363539065287, "benchmark_return_percent": -5.47189351848183, "excess_percentage_points": -5.801741872171041, "end_date": "2026-10-09" }, "10": { "etf_return_percent": -11.52614727854855, "benchmark_return_percent": -5.204919444363487, "excess_percentage_points": -6.321227834185063, "end_date": "2026-10-09" }, "20": { "etf_return_percent": -8.262633714496491, "benchmark_return_percent": -5.844528361468937, "excess_percentage_points": -2.4181053530275545, "end_date": "2026-10-09" }, "60": { "etf_return_percent": -36.0668380462725, "benchmark_return_percent": -13.78504785496043, "excess_percentage_points": -22.28179019131207, "end_date": "2026-10-09" } } }, "000688.SH": { "benchmark_symbol": "000688.SH", "basis": "own back-adjusted ETF return minus benchmark price return, percentage points", "windows": { "1": { "etf_return_percent": -0.7977662544874309, "benchmark_return_percent": 0.06523291584268343, "excess_percentage_points": -0.8629991703301143, "end_date": "2026-10-09" }, "5": { "etf_return_percent": -11.27363539065287, "benchmark_return_percent": -10.148778878701737, "excess_percentage_points": -1.1248565119511333, "end_date": "2026-10-09" }, "10": { "etf_return_percent": -11.52614727854855, "benchmark_return_percent": -9.27727869811802, "excess_percentage_points": -2.24886858043053, "end_date": "2026-10-09" }, "20": { "etf_return_percent": -8.262633714496491, "benchmark_return_percent": -9.552064648671465, "excess_percentage_points": 1.2894309341749732, "end_date": "2026-10-09" }, "60": { "etf_return_percent": -36.0668380462725, "benchmark_return_percent": -33.33104587273484, "excess_percentage_points": -2.7357921735376607, "end_date": "2026-10-09" } } } }, "benchmark_symbol": "000300.SH", "windows": { "1": { "etf_return_percent": -0.7977662544874309, "benchmark_return_percent": 0.16170643206474544, "excess_percentage_points": -0.9594726865521763, "end_date": "2026-10-09" }, "5": { "etf_return_percent": -11.27363539065287, "benchmark_return_percent": -2.7458021148240475, "excess_percentage_points": -8.527833275828822, "end_date": "2026-10-09" }, "10": { "etf_return_percent": -11.52614727854855, "benchmark_return_percent": -3.204145142775139, "excess_percentage_points": -8.32200213577341, "end_date": "2026-10-09" }, "20": { "etf_return_percent": -8.262633714496491, "benchmark_return_percent": -5.169156829753674, "excess_percentage_points": -3.0934768847428176, "end_date": "2026-10-09" }, "60": { "etf_return_percent": -36.0668380462725, "benchmark_return_percent": -11.464816633889152, "excess_percentage_points": -24.60202141238335, "end_date": "2026-10-09" } }, "research_pool": { "symbols": [ "002371", "688012" ], "method": "equal-weight mean of each peer own adjusted n-session return; research pool proxy only", "windows": [ { "sessions": 1, "pool_return_percent": -0.8808569147552459, "etf_return_percent": -0.7977662544874309, "excess_percentage_points": 0.08309066026781498 }, { "sessions": 5, "pool_return_percent": -8.689529780199756, "etf_return_percent": -11.27363539065287, "excess_percentage_points": -2.584105610453115 }, { "sessions": 10, "pool_return_percent": -11.095969284737954, "etf_return_percent": -11.52614727854855, "excess_percentage_points": -0.4301779938105952 }, { "sessions": 20, "pool_return_percent": -9.110064589365896, "etf_return_percent": -8.262633714496491, "excess_percentage_points": 0.8474308748694046 }, { "sessions": 60, "pool_return_percent": -33.214084158573456, "etf_return_percent": -36.0668380462725, "excess_percentage_points": -2.852753887699045 } ] } }, "sector_role": { "research_pool_role": null, "description": "ETF exposure, not an individual-company leader/core ranking" }, "sector_synchronization": { "leader": null, "core": null, "laggards": null }, "data_quality": { "trade_date": "2026-10-09", "as_of": "2026-10-09T15:00:00+08:00", "updated_at": "2026-10-10T23:02:14.509613+08:00", "sources": [ { "source": "Wind Financial Data Service", "account": "wind2", "request": { "account": "wind2", "server_type": "fund_data", "tool_name": "get_fund_kline", "arguments": { "windcode": "159516.SZ", "begin_date": "2023-07-27", "end_date": "2026-10-09", "period": "1d", "aftype": "2", "count": 0, "issusp": "1" } }, "retrieved_at_utc": "2026-10-10T14:52:03.937Z", "raw_receipt_sha256": "7d55ab90136a61180742822590f5a7fc92bb37b2780e5061ae75782450987245", "units_from_provider": { "TURNOVER 单位：": "元" }, "receipt_file": "159516_daily_raw.json" }, { "source": "Wind Financial Data Service", "account": "wind2", "request": { "account": "wind2", "server_type": "fund_data", "tool_name": "get_fund_kline", "arguments": { "windcode": "159516.SZ", "begin_date": "2023-07-27", "end_date": "2026-10-09", "period": "1d", "aftype": "1", "count": 0, "issusp": "1" } }, "retrieved_at_utc": "2026-10-10T14:52:06.005Z", "raw_receipt_sha256": "f73140d19d4e41109c57e3110da6283a8039cec7ed2312256c7a0135fbff8004", "units_from_provider": { "TURNOVER 单位：": "元" }, "receipt_file": "159516_daily_adj.json" }, { "source": "Wind Financial Data Service", "account": "wind2", "request": { "account": "wind2", "server_type": "fund_data", "tool_name": "get_fund_kline", "arguments": { "windcode": "159516.SZ", "begin_date": "2026-08-28", "end_date": "2026-10-09", "period": "15min", "aftype": "2", "count": 0, "issusp": "1" } }, "retrieved_at_utc": "2026-10-10T14:52:32.982Z", "raw_receipt_sha256": "076c238c7e3391d5f715068b837d2a225dbe4001d060f5ef173dfbdd09e74b10", "units_from_provider": { "TURNOVER 单位：": "元" }, "receipt_file": "159516_15min.json" }, { "source": "Wind Financial Data Service", "account": "wind2", "request": { "account": "wind2", "server_type": "fund_data", "tool_name": "get_fund_kline", "arguments": { "windcode": "159516.SZ", "begin_date": "2026-08-28", "end_date": "2026-10-09", "period": "60min", "aftype": "2", "count": 0, "issusp": "1" } }, "retrieved_at_utc": "2026-10-10T14:52:34.539Z", "raw_receipt_sha256": "cea0b7ce6d339de10fac4cd5b70fd1bbea67b74225668db96254d2ff2c56c84d", "units_from_provider": { "TURNOVER 单位：": "元" }, "receipt_file": "159516_60min.json" } ], "missing_fields": [ "dividends", "trading_rules", "volume_unit", "sector_synchronization", "VWAP_tick_time", "aggressive_buying", "confidence", "supply_zone.profiles.60" ], "missing_reasons": { "dividends": "Wind query returned no usable data, not proof of no dividends; no cash dividends booked; adjustment-factor reconciliation only", "trading_rules": "Wind mislabeled daily change and fund shares as rules; rejected. Existing 10% / 0.01 tick / fractional amount execution proxy retained; actual ETF limit and lot fills unverified", "volume_unit": "Wind supplies no VOLUME unit. amount/raw volume agrees with rounded market AVPRICE across daily bars; inferred fund-share scale only", "sector_synchronization": "ETF is an exposure instrument; pool observations external only; no inferred issuer leader role", "VWAP_tick_time": "15m close sampling cannot establish exact tick crossing or time above/below VWAP", "aggressive_buying": "No tick direction data", "confidence": "No historical probability calibration", "supply_zone.profiles.60": "Only 25 sessions of minute inputs requested. Complete 60-day minute volume profile is null; separately labeled partial proxy and full 60-day daily history retained." }, "stale_fields": [], "quality_flag": "partial" }, "missing_fields": [ "dividends", "trading_rules", "volume_unit", "sector_synchronization", "VWAP_tick_time", "aggressive_buying", "confidence", "supply_zone.profiles.60" ], "missing_reasons": { "dividends": "Wind query returned no usable data, not proof of no dividends; no cash dividends booked; adjustment-factor reconciliation only", "trading_rules": "Wind mislabeled daily change and fund shares as rules; rejected. Existing 10% / 0.01 tick / fractional amount execution proxy retained; actual ETF limit and lot fills unverified", "volume_unit": "Wind supplies no VOLUME unit. amount/raw volume agrees with rounded market AVPRICE across daily bars; inferred fund-share scale only", "sector_synchronization": "ETF is an exposure instrument; pool observations external only; no inferred issuer leader role", "VWAP_tick_time": "15m close sampling cannot establish exact tick crossing or time above/below VWAP", "aggressive_buying": "No tick direction data", "confidence": "No historical probability calibration", "supply_zone.profiles.60": "Only 25 sessions of minute inputs requested. Complete 60-day minute volume profile is null; separately labeled partial proxy and full 60-day daily history retained." }, "research_role": { "sector": "半导体设备", "role": null, "effective_from": "2026-10-12", "recorded_at": "2026-10-10T23:02:14.509613+08:00", "protocol_version": "research-pool-role-1.0.0", "description": "User-held ETF exposure in the research pool; not a company leader/core classification", "data_incomplete": false }, "schema_effective_trade_date": "2026-10-09", "models": { "CAS": { "native_state": "LONG_TREND_WEAKENING", "record_state": { "CAS_mom120": 0.4050847457627118, "CAS_permission": true }, "symbol": "159516", "trade_date": "2026-10-09", "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "SLEEVE04": { "symbol": "159516", "trade_date": "2026-10-09", "native_state": { "sleeve_trigger": false, "sleeve_held": true, "repair": false, "bottom_trial": false, "false_stability": true }, "record_state": { "confirmed_repair": false, "trial_confirmation_days": 0 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "z5": { "symbol": "159516", "trade_date": "2026-10-09", "native_state": { "z5": -1.8927446574002327, "dz1": 0.23531368098320793, "new_price_contribution": -0.11976288140059571 }, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } }, "MCR": { "symbol": "159516", "trade_date": "2026-10-09", "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE", "risk_cap": 0, "feature_price_basis": { "type": "adjusted_internal_model_scale", "tradable_price": false, "description": "模型内部后复权/转换价格，仅用于特征；不得作为实际交易价格、支撑位或压力位" }, "display_price_basis": { "type": "unadjusted_market_price", "tradable_price": true, "description": "原始未复权市场价格，人民币元；用于VWAP、区域与执行观察，非保证成交价" } } }, "models_history_last5": [ { "date": "2026-09-28", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": false, "confirmed_repair": false }, "z5": { "z5": -1.3822860276322808, "dz1": -1.3316952818020558 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } }, { "date": "2026-09-29", "CAS": "LONG_TREND_WEAKENING", "SLEEVE04": { "sleeve_original_trigger": true, "confirmed_repair": false }, "z5": { "z5": -1.2509702982983895, "dz1": 0.13131572933389135 }, "MCR": { "original_MRC_risk": "DEFENSIVE", "effective_MRC": "DEFENSIVE" } 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