WatchRecovering

9688.HKZAI LAB

Healthcare · Biotechnology · large-cap ($22.5B)
-24.6%
from rolling 252-day high of 27.28 HKD set 2025-10-02 · 351d ago
Current
20.58 HKD
Decline depth
-24.6%
Decline σ
2.2σ
TFC
0/5 bearish

Where it stands

On the Watch.

Down 24.6% from its rolling 252-day high, 351 days after the high.

Snapshot . Price structure, not a judgment about the business.

A bullish structural signal is also active. The Recovering badge coexists with the decline tier; it does not establish a completed recovery.

What changed

Since the previous observation.

Watch → Watch; recovery signal active.

Comparing with . This compares classification, not price returns.

See the recorded timeline →

Why it is flagged

9688.HK qualifies for the Watch on decline depth.

Down 24.6% from its rolling 252-day high, 351 days after the high. The most severe triggered rule determines the tier.

Inspect the three classification measures
Decline depth
-24.6%
From rolling 252-day high of 27.28 HKD, 351d ago. Past the 20% Watch threshold.
Time-frame continuity
0/5 bearish
Latest bar on five time frames, daily to yearly. Bearish = 2-Down or red 3.
Decline sigma
2.2σ
Drop over the last 20 bars in units of daily volatility (3.11%/day).

Price history

The price path behind the snapshot.

Daily prices with the rolling-high reference. When a recorded classification event falls on a displayed trading date, it is marked on the chart.

Price chart unavailable for this symbol. The snapshot and recorded classification history remain available below.

The recorded history

A timeline of observations.

First observed 2026-09-10. These are scan observations, not exact transition times or the start of a decline. Missing scan dates are not filled in.

  1. Watch → Watch; recovery signal active
  2. Watch; recovery signal active → Watch
  3. Unmatched; coverage or recovery unconfirmed → Watch; recovery signal active
  4. Amber List → Unmatched; coverage or recovery unconfirmed
  5. First observed: Amber List

Absence from a captured list does not establish recovery. Historical tiers reflect the rules and data recorded at that time.

Technical interpretation and signal details

The structural read

What price action says about 9688.HK.

9688.HK qualifies for the Watch on decline depth — down -24.6% from its rolling 252-day high.

A confirmed bullish signal on one or more time frames earned the Recovering badge. The tier reflects the most severe price-structure rule; Recovering identifies a separate bullish signal. Not a buy signal.

Whether 9688.HK's turn is investable is ConvictionEdge's question, not ours.

Upstream TFC read: strong alignment, current phase daily. Last bar types — daily 2U (green), weekly 2D (green), monthly 1 (green).

Questions about 9688.HK

What people ask.

Why is 9688.HK on Broken Stocks?

9688.HK qualifies for the Watch on decline depth. It is down -24.6% from its rolling 252-day high of 27.28 HKD, set on 2025-10-02 — 351d ago. It additionally carries a Recovering badge — see below.

What does the Recovering badge mean for 9688.HK?

Recovering means our proprietary engine has flagged a confirmed bullish structural signal on one or more time frames (moderate or strong time-frame continuity). It coexists with the decline tier — 9688.HK is still Watch because a price-structure rule still triggers, but a bullish setup has formed inside that decline. The two readings answer different questions: the tier reflects the most severe triggered rule; the Recovering badge tells you whether momentum may be turning. It's not a buy recommendation.

Is 9688.HK a falling knife?

No. The falling-knife label usually implies a steep, severe drop — typically 30% or more from a fresh high. 9688.HK is down -24.6% from its 52-week high, which qualifies for the Watch tier but is shallower than the falling-knife pattern. It's an early-stage decline rather than a sharp breakdown.

Is 9688.HK a buy?

Broken Stocks does not issue buy or sell recommendations. The list is a rules-based technical warning system. It tracks structural decline depth and recency — not company quality, management, fundamentals, or news. Always do your own research and consult a licensed advisor.

Where is 9688.HK trading inside its 52-week range?

At 20.58 HKD, 9688.HK sits 55.2% of the way from its 52-week low (12.31 HKD) to its 52-week high (27.28 HKD). A reading below 25% indicates price is hugging the bottom of the range; above 75%, the top.

How fast has 9688.HK been declining?

The current 24.6% decline accrued over 351d, which annualizes to roughly -25.6% per year. Annualized pace is a sanity check — a 30% decline in three months is a different signal than a 30% decline over two years.

How does 9688.HK compare to its sector?

There are 344 other Healthcare tickers on Broken Stocks: 199 Red, 87 Amber, 58 Watch, with 167 showing recovering structural signals. Median sector decline is -36.5% — 9688.HK's decline is shallower than the sector median.