Weekly structural research · TWO · Consumer Cyclical

6804 Stage Analysis

Axman Enterprise Co., Ltd.

Week ending 2 Oct 2026Close TWD 18.35Tenure NewBenchmark ^TWII

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Deceleration · Recompressing

The upward structure remains, but its energy is decelerating.

Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down.

The Trend gate is up within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: moderate and contracting.

Direction 45−100 bearish to +100 bullish

Energy 35/100directional strength

Maturity 57/100lifecycle context

Confidence 76/100evidence agreement

Trend gate Upstructural direction

Activity structure Moderatecontracting separation

Price acceptance +16.7%position within the Activity structure

Fair Value context -36.1%TWD 28.71 · improving

Trend Architecture map · Historical context

Weekly close, Activity, Trend and Fair Value

Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.

CloseTrendCurrent Fair Value

Background stage key

BalanceDirection is contained.
Rotation UpStructure is turning higher.
Upward ExpansionUptrend is established.
DecelerationUptrend is losing energy.
Rotation DownStructure is turning lower.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-10-02	18.35	16.69	-22.28	151000	Deceleration	45	35
2026-09-25	18.25	16.62	-23.15	222000	Deceleration	43	34
2026-09-18	18.15	16.55	-23.39	260300	Deceleration	46	39
2026-09-11	17.80	16.48	-24.39	385006	Upward Expansion	59	49
2026-09-04	18.20	16.44	-24.55	307061	Upward Expansion	64	72
2026-08-28	18.60	16.39	-23.77	40000	Upward Expansion	66	86
2026-08-21	18.40	16.34	-24.04	76000	Upward Expansion	67	86
2026-08-14	19.00	16.29	-23.74	118000	Upward Expansion	85	92
2026-08-07	18.80	16.21	-23.21	117000	Rotation Up	90	88
2026-07-31	18.00	16.13	-25.99	117000	Rotation Up	56	67
2026-07-24	17.20	16.08	-31.48	154000	Balance	38	43
2026-07-17	16.40	16.09	-34.38	258401	Balance	3	12
2026-07-10	15.90	16.17	-41.32	175000	Balance	-12	11
2026-07-03	16.04	16.26	-43.80	115241	Balance	-18	14
2026-06-26	15.80	16.33	-43.11	209085	Downward Expansion	-27	19
2026-06-19	15.70	16.40	-46.92	147089	Downward Expansion	-31	22
2026-06-12	15.80	16.49	-45.01	177358	Downward Expansion	-36	21
2026-06-05	15.85	16.58	-47.01	220388	Downward Expansion	-46	35
2026-05-29	15.61	16.69	-48.47	296373	Downward Expansion	-62	53
2026-05-22	15.22	16.81	-47.88	229300	Downward Expansion	-67	81
2026-05-15	14.59	16.96	-49.71	393210	Downward Expansion	-86	93
2026-05-08	15.07	17.13	-49.59	407117	Downward Expansion	-79	86
2026-05-01	14.93	17.27	-47.68	220056	Downward Expansion	-88	86
2026-04-24	15.56	17.43	-46.56	190000	Downward Expansion	-79	61
2026-04-17	16.09	17.57	-42.54	103885	Downward Expansion	-63	44
2026-04-10	16.14	17.70	-41.01	77673	Downward Expansion	-53	39
2026-04-03	16.28	17.83	-36.43	204763	Downward Expansion	-50	40
2026-03-27	16.48	17.96	-37.78	248000	Downward Expansion	-60	48
2026-03-20	16.38	18.10	-39.93	369112	Downward Expansion	-62	51
2026-03-13	16.14	18.23	-41.55	241290	Downward Expansion	-65	54
2026-03-06	16.09	18.43	-43.02	218305	Downward Expansion	-67	55
2026-02-27	16.19	18.65	-46.50	285000	Downward Expansion	-67	53
2026-02-13	16.28	18.88	-44.13	527031	Downward Expansion	-66	50
2026-02-06	16.38	19.08	-41.41	103203	Downward Expansion	-67	50
2026-01-30	16.67	19.29	-41.65	262000	Downward Expansion	-64	50
2026-01-23	17.16	19.49	-40.52	269050	Downward Expansion	-63	55
2026-01-16	16.87	19.68	-41.23	152000	Downward Expansion	-65	76
2026-01-09	16.62	19.90	-40.65	92000	Downward Expansion	-70	80
2026-01-02	16.48	20.13	-40.11	179000	Downward Expansion	-79	65
2025-12-26	16.62	20.33	-38.63	177038	Downward Expansion	-83	62
2025-12-19	17.21	20.52	-35.35	414355	Downward Expansion	-81	57
2025-12-12	19.07	20.72	-30.47	428186	Downward Expansion	-61	51
2025-12-05	18.56	20.86	-32.56	108173	Downward Expansion	-67	71
2025-11-28	18.08	21.00	-34.32	30000	Downward Expansion	-74	88
2025-11-21	17.88	21.16	-32.95	68017	Downward Expansion	-86	92
2025-11-14	18.32	21.33	-34.52	177015	Downward Expansion	-84	90
2025-11-07	18.61	21.42	-34.91	73026	Downward Expansion	-81	66
2025-10-31	19.24	21.48	-34.83	96000	Downward Expansion	-69	58
2025-10-24	19.19	21.68	-34.06	34025	Downward Expansion	-74	62
2025-10-17	19.58	21.90	-32.88	106105	Downward Expansion	-66	58
2025-10-10	19.58	22.12	-33.59	29000	Downward Expansion	-69	62
2025-10-03	19.53	22.34	-33.21	76000	Downward Expansion	-73	70
2025-09-26	19.53	22.60	-30.89	36087	Downward Expansion	-76	81
2025-09-19	19.92	22.87	-30.23	54051	Downward Expansion	-71	84
2025-09-12	19.87	23.10	-30.89	71000	Downward Expansion	-75	88
2025-09-05	20.16	23.31	-27.83	27001	Downward Expansion	-73	87
2025-08-29	20.16	23.50	-27.82	104346	Downward Expansion	-77	84
2025-08-22	20.60	23.70	-25.65	94050	Downward Expansion	-76	77
2025-08-15	20.36	23.88	-28.97	217333	Downward Expansion	-82	66
2025-08-08	22.05	24.05	-22.86	71011	Downward Expansion	-62	38
2025-08-01	22.78	24.24	-19.69	58712	Downward Expansion	-51	33
2025-07-25	23.02	24.37	-19.66	76000	Downward Expansion	-52	37
2025-07-18	22.29	24.52	-23.13	67016	Downward Expansion	-60	42
2025-07-11	22.59	24.72	-20.95	13000	Downward Expansion	-57	32
2025-07-04	22.88	24.94	-20.17	19000	Downward Expansion	-40	21
2025-06-27	22.88	25.15	-21.30	46010	Downward Expansion	-41	23
2025-06-20	23.46	25.39	-18.36	15250	Downward Expansion	-40	26
2025-06-13	23.31	25.61	-19.92	60021	Deceleration	-43	31
2025-06-06	22.44	25.88	-22.48	42000	Deceleration	-47	34
2025-05-30	22.44	26.11	-22.45	17015	Deceleration	-48	35
2025-05-23	23.09	26.35	-22.35	63013	Downward Expansion	-44	34
2025-05-16	23.37	26.58	-23.11	109479	Downward Expansion	-56	42
2025-05-09	22.91	26.81	-22.37	48026	Downward Expansion	-62	57
2025-05-02	22.81	27.07	-23.25	18823	Downward Expansion	-66	85
2025-04-25	23.00	27.35	-20.15	50120	Downward Expansion	-67	87
2025-04-18	21.00	27.58	-26.31	20072	Downward Expansion	-90	95
2025-04-11	20.25	27.91	-30.36	294000	Downward Expansion	-94	88
2025-04-04	25.23	28.24	-21.61	104104	Downward Expansion	-69	49
2025-03-28	25.79	28.48	-22.01	91315	Downward Expansion	-62	39
2025-03-21	26.26	28.74	-23.77	48240	Downward Expansion	-45	26
2025-03-14	26.35	28.96	-23.72	63112	Downward Expansion	-43	24
2025-03-07	27.10	29.14	-24.68	102010	Downward Expansion	-40	25
2025-02-28	27.66	29.67	-25.74	138217	Downward Expansion	-46	35
2025-02-21	26.91	30.08	-30.75	127009	Downward Expansion	-61	50
2025-02-14	26.17	30.48	-32.00	118141	Downward Expansion	-64	57
2025-02-07	25.98	31.01	-34.49	57060	Downward Expansion	-66	57
2025-01-24	26.17	31.54	-35.23	25000	Downward Expansion	-66	59
2025-01-17	25.89	32.10	-35.95	66000	Downward Expansion	-73	64
2025-01-10	25.56	32.67	-37.47	151000	Downward Expansion	-81	70
2025-01-03	27.75	33.22	-32.99	70000	Downward Expansion	-65	68
2024-12-27	26.58	33.74	-37.82	326000	Downward Expansion	-82	86
2024-12-20	27.47	34.28	-34.63	123000	Downward Expansion	-80	79
2024-12-13	28.35	34.79	-35.09	126000	Downward Expansion	-74	66
2024-12-06	29.05	35.27	-35.02	86000	Downward Expansion	-70	55
2024-11-29	29.29	35.73	-32.88	59000	Downward Expansion	-67	47
2024-11-22	30.12	36.17	-33.92	41000	Downward Expansion	-61	47
2024-11-15	29.94	36.58	-34.82	311000	Downward Expansion	-64	51
2024-11-08	31.33	37.00	-35.10	1155000	Downward Expansion	-62	61
2024-11-01	29.33	37.43	-38.09	85000	Downward Expansion	-67	63
2024-10-25	29.80	37.94	-39.56	99000	Downward Expansion	-64	51
2024-10-18	30.03	38.43	-40.39	189000	Downward Expansion	-63	51
2024-10-11	30.12	38.94	-39.60	67000	Downward Expansion	-65	54
2024-10-04	30.91	39.44	-37.30	155000	Downward Expansion	-62	53
2024-09-27	30.96	39.92	-39.65	126000	Downward Expansion	-65	59
2024-09-20	29.94	40.37	-40.89	198000	Downward Expansion	-73	68
2024-09-13	31.15	40.85	-38.41	171000	Downward Expansion	-70	72
2024-09-06	29.94	41.30	-40.79	848000	Downward Expansion	-78	87
2024-08-30	32.45	41.84	-39.20	378000	Downward Expansion	-73	87
2024-08-23	33.52	42.30	-37.76	293000	Downward Expansion	-74	81
2024-08-16	33.06	42.75	-40.03	501000	Downward Expansion	-84	83
2024-08-09	31.80	43.24	-40.81	2516000	Downward Expansion	-90	79
2024-08-02	42.83	43.77	-21.96	2604000	Downward Expansion	-53	38
2024-07-26	39.85	43.95	-29.80	58000	Downward Expansion	-72	68
2024-07-19	39.16	44.23	-34.14	183000	Downward Expansion	-84	59
2024-07-12	42.00	44.57	-33.41	171000	Downward Expansion	-59	37
2024-07-05	41.95	44.82	-33.44	200000	Downward Expansion	-66	45
2024-06-28	43.02	45.12	-31.30	51000	Downward Expansion	-43	33
2024-06-21	42.88	45.37	-32.93	211000	Downward Expansion	-53	39
2024-06-14	42.10	45.58	-32.71	62000	Downward Expansion	-69	50
2024-06-07	43.16	45.83	-29.75	167000	Downward Expansion	-44	36
2024-05-31	42.98	46.00	-28.49	137000	Downward Expansion	-55	41
2024-05-24	42.71	46.19	-30.96	161000	Downward Expansion	-59	48
2024-05-17	42.76	46.39	-30.63	44000	Downward Expansion	-62	56
2024-05-10	42.80	46.60	-29.53	67000	Downward Expansion	-64	64
2024-05-03	42.49	46.87	-29.50	118000	Downward Expansion	-70	71
2024-04-26	42.45	47.27	-29.48	327000	Downward Expansion	-74	69
2024-04-19	42.63	47.67	-27.60	342000	Downward Expansion	-76	59
2024-04-12	44.13	48.07	-29.89	310000	Downward Expansion	-63	45
2024-04-05	44.57	48.42	-28.30	109000	Downward Expansion	-60	42
2024-03-29	44.57	48.80	-28.54	62000	Downward Expansion	-62	43
2024-03-22	45.27	49.11	-27.54	135000	Downward Expansion	-58	45
2024-03-15	45.27	49.44	-25.88	1206000	Downward Expansion	-60	47
2024-03-08	45.36	49.77	-26.44	369000	Downward Expansion	-65	62
2024-03-01	44.30	50.05	-25.29	80000	Downward Expansion	-75	84
2024-02-23	44.48	50.57	-25.07	171000	Downward Expansion	-77	82
2024-02-16	44.66	51.12	-23.88	232000	Downward Expansion	-80	74
2024-02-09	45.89	51.70	-19.81	46000	Downward Expansion	-74	62
2024-02-02	46.42	52.33	-18.90	133000	Downward Expansion	-72	63
2024-01-26	46.95	53.03	-17.81	104000	Downward Expansion	-71	64
2024-01-19	47.66	53.42	-15.27	122000	Downward Expansion	-68	59
2024-01-12	47.92	53.79	-14.13	63000	Downward Expansion	-67	52
2024-01-05	48.01	54.19	-14.18	63000	Downward Expansion	-67	48
2023-12-29	48.36	54.52	-15.74	75000	Downward Expansion	-65	42
2023-12-22	49.51	54.92	-12.33	115000	Downward Expansion	-44	32
2023-12-15	49.42	55.24	-13.01	107000	Downward Expansion	-48	39
2023-12-08	50.92	55.61	-9.09	200000	Downward Expansion	-47	40
2023-12-01	50.57	55.83	-10.16	362000	Downward Expansion	-60	49
2023-11-24	49.07	55.97	-12.21	174000	Downward Expansion	-64	66
2023-11-17	49.69	56.06	-10.87	196000	Downward Expansion	-67	83
2023-11-10	48.10	56.08	-11.23	131000	Downward Expansion	-74	89
2023-11-03	48.72	56.19	-9.46	83000	Downward Expansion	-74	85
2023-10-27	48.63	56.18	-7.85	111000	Rotation Down	-79	82
2023-10-20	49.07	56.16	-8.91	180000	Rotation Down	-54	65
2023-10-13	50.92	56.11	-7.65	291000	Deceleration	-47	47
2023-10-06	54.54	55.96	0.41	281000	Deceleration	-30	24
2023-09-29	54.45	55.73	1.35	262000	Deceleration	-20	19

Price vs TrendAbove+9.9%

Trend directionRising+3.8%

Price vs current Fair ValueBelow anchor-36.1%

Fair Value directionClosing upward+13.9%

Relative Strength vs benchmarkLagging-22.3%

Relative strength directionImproving+21.5%

Price momentumPositive+12.7%

Volume balanceDemand-led1.52×

Beyond the current label

Is the structure strengthening or losing force?

Direction and energy measure different things

Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.

Direction

45 / ±100

-18.3 points since 2026-09-04

Energy

35 /100

-37.7 points since 2026-09-04

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

6804 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance37

Rotation Up32

Upward Expansion63

Deceleration91

Rotation Down27

Downward Expansion17

The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.

Time spent in each state

The context behind today’s regime

2023-09-29 to 2026-10-02 · 156 classified observations out of 156 shown.

Balance 3%Rotation Up 1%Upward Expansion 3%Deceleration 6%Rotation Down 1%Downward Expansion 86%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Deceleration	2026-09-18	2026-10-02	New	+1.1%
Upward Expansion	2026-08-14	2026-09-11	Developing	-6.3%
Rotation Up	2026-07-31	2026-08-07	New	+4.4%
Balance	2026-07-03	2026-07-24	New	+7.2%
Downward Expansion	2025-06-20	2026-06-26	Extended	-32.6%
Deceleration	2025-05-30	2025-06-13	New	+3.9%
Downward Expansion	2023-11-03	2025-05-23	Extended	-52.6%
Rotation Down	2023-10-20	2023-10-27	New	-0.9%
Deceleration	2023-08-18	2023-10-13	Developing	-7.7%
Upward Expansion	2023-03-17	2023-08-11	Established	+16.2%
Balance	2023-01-06	2023-03-10	Developing	+8.2%
Upward Expansion	2022-11-25	2022-12-30	Developing	-5.2%
Balance	2022-09-16	2022-11-18	Developing	-2.1%
Downward Expansion	2022-07-22	2022-09-09	Developing	-1.6%

Classic Stage Analysis comparison

Stage 1 · Basing60

Stage 2 · Advancing44

Stage 3 · Distribution20

Stage 4 · Declining24

Legacy result: Stage 1 · Stage 1C · Breakout watch. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^TWII

Is relative performance confirming the geometry?

Confirmation, not classification

Relative Strength

The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.

Confirmation evidence

Lagging benchmark

Architecture confirmation: 23/100
Current Relative Strength: -22.28
Relative Strength direction: Improving
Price momentum: +12.7%
Excess performance vs benchmark: -36.1%
Consumer Cyclical regime cohort: 100th percentile46 in cohort

Test 6804 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.80×

Latest completed volume relative to typical participation.

Up/down volume1.52×

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 2

Recent participation evidence classified by demand and supply.

Activity alignment+75.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+12.5%

Whether recent Activity evidence is stable or remains in balance.

Weekly volume with architecture context

Bars show completed weekly volume; the dashed line provides typical-volume context. Both measures use the same scale.

Explore 6804 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity TWD 18.20falling

Slow Activity TWD 17.23rising

Trend Reference TWD 16.69+9.9% close margin

Current Fair Value TWD 28.71-36.1% close margin

Structural low TWD 14.44shock / repair context

What changes the read?

Renewed positive order and expanding width produce re-acceleration; fast/slow failure with downside acceptance produces Rotation Down.

Range context +4.6%

Annualized volatility +18.1%

From structural high -10.0%

From structural low +27.1%

Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.

Outcome horizon	Samples	Median move	Positive periods	Directional follow-through	Median excess vs ^TWII	Regime survived	Read
Near term	4	-3.3%-6.8% to +1.9%	+25.0%	+25.0%	-4.6%	+50.0%	Too little matched history
Intermediate	2	-10.0%-10.2% to -9.9%	+0.0%	+0.0%	-19.3%	+0.0%	Too little matched history
Extended	2	-19.2%-19.4% to -19.0%	+0.0%	+0.0%	-40.7%	+0.0%	Too little matched history
Full cycle	2	-34.7%-40.1% to -29.4%	+0.0%	+0.0%	-108.5%	+0.0%	Too little matched history

Evidence framework

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.

Evidence roles

Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.

Fair Value and RS

Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.

Known limitations

Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.

6804 Stage Analysis

What the Activity Line geometry says now

The upward structure remains, but its energy is decelerating.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength

Lagging benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Send a message

Evidence context

What the Activity Line geometry says now

The upward structure remains, but its energy is decelerating.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength ?

Lagging benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

Test the structure from another angle

Trend Persistence ↗

Directional State ↗

Similar Charts ↗

RMI Reversal Map ↗

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Relative Strength

Trend Persistence

Directional State

Similar Charts

RMI Reversal Map