TAI · EQUITY · ENHANCED MARKET DYNAMICS

2104

International CSRC Investment Holdings Co., Ltd.

TW · Basic Materials · Specialty Chemicals

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EMD SCORE50/100

CURRENT COMPLETED-WEEK READ

Balanced

Constructive and cautious evidence are close enough to require confirmation. Conditions remain cautious, although the latest readings are improving.

Early repair60% directional agreement87/100 evidence quality6/6 sources available

Completed week: 25 Sep 2026
Latest close: TWD 11.15
Evidence: 156 weeks

This report uses 25 Sep 2026. The latest completed calendar week is 2 Oct 2026; newer evidence has not yet reached this listing.

Four-week EMD change+29.6 pts

signed chart scale −100 to +100

Four-week price+8.8%

completed closing prices

Current directional run24 weeks

on the same side of EMD zero

Recent consistency0/13

recent readings above zero

COMPLETED-WEEK OVERVIEW

Price and market conditions over time

4 supportive · 1 cautious

Enhanced Market Dynamics and the price cycle156 completed weeks · bars use the left EMD axis; price uses the right axis.

22 Sep 2023–25 Sep 2026

Constructive EMDCautious EMDCompleted-week priceUp-cycle confirmationDown-cycle confirmation

Confirmation markers describe price-zone departures within this saved history. Earlier markers can change as the history changes; they are not a record of signals available in real time.

Cycle position 19%Current EMD -0.94-week EMD change +29.6Full saved history price range TWD 9.39–20.15

View chart values · 156 observations

Week	Close · TWD	EMD −100 to +100	Score /100	Agreement %	Coverage %
2023-09-22	20.10	-42.65	29	100	67
2023-09-29	20.15	-40.41	30	100	67
2023-10-06	19.75	-49.05	25	100	67
2023-10-13	19.90	-35.94	32	100	83
2023-10-20	19.25	-45.39	27	100	83
2023-10-27	19.45	-37.01	31	100	83
2023-11-03	19.40	-30.3	35	50	83
2023-11-10	19.30	-46.31	27	100	83
2023-11-17	19.75	-22.86	39	20	83
2023-11-24	19.90	-26.56	37	50	83
2023-12-01	19.85	-24.79	38	50	83
2023-12-08	19.75	-26.25	37	60	83
2023-12-15	19.65	-22.62	39	50	83
2023-12-22	19.30	-43.29	28	100	83
2023-12-29	19.50	-26.12	37	50	83
2024-01-05	19.40	-33.81	33	100	83
2024-01-12	18.95	-50.58	25	100	83
2024-01-19	18.25	-59.13	20	100	83
2024-01-26	18.35	-50.38	25	100	83
2024-02-02	18.45	-51.58	24	100	83
2024-02-09	18.30	-52.07	24	100	83
2024-02-16	18.40	-47.4	26	100	83
2024-02-23	18.25	-61.34	19	100	83
2024-03-01	18.15	-55.01	22	100	83
2024-03-08	17.60	-66.14	17	100	83
2024-03-15	17.35	-74.22	13	100	83
2024-03-22	17.00	-64.01	18	100	83
2024-03-29	17.15	-63.33	18	100	83
2024-04-05	17.15	-60.78	20	100	83
2024-04-12	17.55	-40.7	30	50	83
2024-04-19	17.15	-59.02	20	100	83
2024-04-26	17.55	-47.46	26	100	83
2024-05-03	17.75	-46.81	27	100	83
2024-05-10	17.85	-35.98	32	100	83
2024-05-17	18.05	-20.84	40	33	83
2024-05-24	17.40	-41.62	29	100	83
2024-05-31	18.00	-15.49	42	33	83
2024-06-07	17.55	-33.65	33	100	83
2024-06-14	17.25	-39.66	30	100	83
2024-06-21	17.35	-33.59	33	100	83
2024-06-28	17.15	-40.82	30	100	83
2024-07-05	17.70	-16.49	42	33	83
2024-07-12	17.65	-15.42	42	0	83
2024-07-19	17.35	-30.28	35	50	83
2024-07-26	17.10	-27.92	36	50	83
2024-08-02	17.00	-41.17	29	100	83
2024-08-09	16.20	-39.17	30	60	83
2024-08-16	16.40	-48.49	26	100	83
2024-08-23	16.40	-49.21	25	100	83
2024-08-30	16.40	-53.23	23	100	83
2024-09-06	15.30	-65.2	17	100	83
2024-09-13	15.35	-49.72	25	60	83
2024-09-20	15.65	-56.45	22	100	83
2024-09-27	16.30	-37.58	31	50	83
2024-10-04	16.65	-27.63	36	20	83
2024-10-11	16.00	-49.45	25	100	83
2024-10-18	15.75	-45.79	27	100	83
2024-10-25	15.25	-59.89	20	100	83
2024-11-01	15.35	-44.86	28	60	83
2024-11-08	15.35	-51.22	24	100	83
2024-11-15	15.30	-36.51	32	50	83
2024-11-22	15.50	-41.3	29	100	83
2024-11-29	15.20	-48.48	26	100	83
2024-12-06	15.30	-30.82	35	50	83
2024-12-13	13.85	-63.58	18	100	83
2024-12-20	12.85	-77.86	11	100	83
2024-12-27	13.10	-69.27	15	100	83
2025-01-03	12.35	-75.47	12	100	83
2025-01-10	11.95	-74.83	13	100	83
2025-01-17	12.80	-43.37	28	60	83
2025-01-24	12.70	-61.07	19	100	83
2025-02-07	12.25	-64.14	18	100	83
2025-02-14	13.20	-31.59	34	50	83
2025-02-21	13.20	-54.12	23	100	83
2025-02-28	12.50	-72.08	14	100	83
2025-03-07	12.65	-46.28	27	100	83
2025-03-14	12.45	-50.99	25	100	83
2025-03-21	12.35	-56.92	22	100	83
2025-03-28	11.90	-55.74	22	100	83
2025-04-04	11.90	-41.54	29	60	83
2025-04-11	10.40	-44.33	28	60	83
2025-04-18	10.65	-55.23	22	100	83
2025-04-25	10.55	-58.59	21	100	83
2025-05-02	10.75	-60.04	20	100	83
2025-05-09	11.10	-40.63	30	50	83
2025-05-16	11.85	-28.73	36	20	83
2025-05-23	11.40	-47.16	26	100	83
2025-05-30	11.20	-45.86	27	100	83
2025-06-06	10.70	-52.01	24	100	83
2025-06-13	10.90	-42.49	29	60	83
2025-06-20	10.60	-60.59	20	100	83
2025-06-27	10.95	-33.69	33	50	83
2025-07-04	10.85	-40.34	30	100	83
2025-07-11	10.40	-44.99	28	100	83
2025-07-18	10.75	-18.46	41	0	83
2025-07-25	11.25	-12.16	44	0	83
2025-08-01	11.80	-12.77	44	20	83
2025-08-08	11.55	-5.62	47	0	83
2025-08-15	12.05	-1.03	49	0	83
2025-08-22	11.95	-4.62	48	0	83
2025-08-29	11.10	-27.83	36	50	83
2025-09-05	11.00	-16.74	42	33	83
2025-09-12	10.65	-34.18	33	60	83
2025-09-19	10.70	-28.92	36	50	83
2025-09-26	10.90	-30.5	35	100	83
2025-10-03	10.75	-38.28	31	100	83
2025-10-10	11.10	-14.71	43	0	83
2025-10-17	10.75	-34.65	33	100	83
2025-10-24	10.70	-38.79	31	100	83
2025-10-31	10.25	-55.91	22	100	83
2025-11-07	10.25	-48.97	26	100	83
2025-11-14	10.05	-55.29	22	100	83
2025-11-21	9.39	-77.18	11	100	83
2025-11-28	10.10	-36.99	32	60	83
2025-12-05	10.30	-56.71	22	100	83
2025-12-12	11.35	-6.04	47	0	83
2025-12-19	11.30	-0.58	50	50	83
2025-12-26	11.30	-7.06	46	0	83
2026-01-02	11.15	-5.86	47	20	83
2026-01-09	10.95	-17.11	41	50	83
2026-01-16	12.00	12.52	56	60	83
2026-01-23	12.10	2.53	51	20	83
2026-01-30	11.95	10.35	55	20	83
2026-02-06	10.85	-12.88	44	20	83
2026-02-13	11.25	-4.03	48	0	83
2026-02-27	13.20	27.84	64	50	83
2026-03-06	12.85	33.21	67	60	83
2026-03-13	12.40	21.04	61	20	83
2026-03-20	12.65	27.25	64	50	83
2026-03-27	12.25	17.05	59	50	83
2026-04-03	12.25	11.58	56	20	83
2026-04-10	11.65	2.06	51	0	83
2026-04-17	11.45	-6.97	47	0	83
2026-04-24	10.70	-33.38	33	100	83
2026-05-01	10.70	-47.51	26	100	83
2026-05-08	10.30	-58.67	21	100	83
2026-05-15	9.72	-69.68	15	100	83
2026-05-22	9.95	-56.3	22	100	83
2026-05-29	10.20	-44.64	28	60	83
2026-06-05	10.90	-40.82	30	100	83
2026-06-12	10.40	-48.45	26	100	83
2026-06-19	10.35	-52.84	24	100	83
2026-06-26	9.99	-64.17	18	100	83
2026-07-03	11.20	-24.14	38	50	83
2026-07-10	10.45	-62.21	19	100	67
2026-07-17	10.60	-46.82	27	100	83
2026-07-24	10.35	-27.31	36	50	100
2026-07-31	9.65	-41.35	29	60	100
2026-08-07	9.98	-35.65	32	60	100
2026-08-14	10.30	-28.79	36	50	100
2026-08-21	10.65	-18.85	41	20	100
2026-08-28	10.25	-30.45	35	33	100
2026-09-04	10.30	-29.05	35	60	100
2026-09-11	10.50	-15.46	42	0	100
2026-09-18	10.55	-18.36	41	33	100
2026-09-25	11.15	-0.88	50	60	100

SIX SOURCES · LAST 26 OBSERVATIONS

Is support broadening or thinning?

Green is supportive, rose is cautious.
Grey means the reading is unavailable.

Reading	3 Apr	10 Apr	17 Apr	24 Apr	1 May	8 May	15 May	22 May	29 May	5 Jun	12 Jun	19 Jun	26 Jun	3 Jul	10 Jul	17 Jul	24 Jul	31 Jul	7 Aug	14 Aug	21 Aug	28 Aug	4 Sep	11 Sep	18 Sep	25 Sep
Trend	94	81	74	49	14	7	2	4	7	23	10	9	4	31	9	13	8	2	5	9	19	10	13	18	20	44
Momentum	60	56	52	39	38	37	37	41	37	56	55	49	37	50	45	50	55	29	42	52	63	62	54	57	53	74
Underlying pressure	86	76	58	41	27	20	15	13	13	15	16	17	15	20	22	27	32	25	27	28	32	39	44	48	50	59
Price & volume	37	42	41	37	51	39	21	52	68	55	48	44	33	79	—	43	50	45	48	53	55	17	34	54	50	58
Relative strength	10	2	1	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	0	0	1	0	0	1	1	1
Modeled Trend	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	59	59	58	57	58	58	57	57	58	60

Each cell is a finished component score from 0–100. Components can disagree even when the combined reading stays positive.

STRONGEST CURRENT SOURCE

Momentum

74/100

LEAST SUPPORTIVE SOURCE

Relative strength

1/100

WHAT WOULD CHANGE THE READ?

Three paths to keep in view

Conditional research scenarios.
No assumed price target or timing.

Continuation

Price and evidence stay together

Further price weakness alongside cautious trend, pressure and relative strength would support the current defensive read.

Change of direction

Repair needs follow-through

Improving EMD while price still falls is an early observation. A turn in price and broader agreement would strengthen a repair case.

Cycle context

A range extreme is a location

An upper zone can persist during a strong advance; a lower zone can persist during a decline. Use departures, EMD direction and the related price charts together.

EARLIER COMPARABLE READINGS

What followed similar conditions?

Same ticker · similar score and direction of change.
Returns exclude costs and dividends.

4 WEEKS LATER

Too few comparisons

1 non-overlapping example. At least three are needed to display a summary.

13 WEEKS LATER

Too few comparisons

0 non-overlapping examples. At least three are needed to display a summary.

How these comparisons are selected

Earlier observations must have the same constructive/fading/repair/deterioration condition, a score within ten points of today’s score and at least the same component coverage. The first 30 observations are omitted for warm-up; examples are spaced by the forward horizon to avoid overlap. Gapped return windows are excluded. The all-period comparison uses the same available history and spacing, without matching the current state. These are reconstructed observations, not a point-in-time strategy backtest or a forecast.

RECENT CYCLE HISTORY

How the current reading developed

25 Sep 2026Up-cycle confirmedTWD 11.15

3 Jul 2026Up-cycle confirmedTWD 11.20

12 Dec 2025Up-cycle confirmedTWD 11.35

15 Aug 2025Up-cycle confirmedTWD 12.05

5 Jul 2024Up-cycle confirmedTWD 17.70

3 May 2024Up-cycle confirmedTWD 17.75

15 Mar 2024Lower cycle zone confirmedTWD 17.35

THE FULL PRICE CYCLE

Follow the journey from one zone to the other

Cycle states use trailing completed-week observations.

Lower zone

Price establishes residence near the bottom of its long-cycle range. Improving EMD separates early repair from continued deterioration.

Upward journey

Price leaves the lower zone while EMD confirms improving participation. The objective is the broader move toward the upper zone, not a short weekly trade.

Upper zone

Price establishes residence near the top of its long-cycle range. A high range position can persist. Watch EMD for exhaustion and loss of support before interpreting it as a turn.

Downward journey

Price leaves the upper zone while EMD weakens. The reverse cycle remains active until lower-zone residence is confirmed again.

CURRENT READINGS