Weekly structural research · TWO · Healthcare

4129 Stage Analysis

United Orthopedic Corporation

Week ending 9 Oct 2026Close TWD 83.70Tenure ExtendedBenchmark ^TWII

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Downward Expansion · Established contraction

The weekly architecture is expanding downward.

Trend and Activity show sustained negative alignment with weak price acceptance. Repair requires persistent improvement across the structure, not merely one strong observation.

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

Direction -55−100 bearish to +100 bullish

Energy 39/100directional strength

Maturity 89/100lifecycle context

Confidence 84/100evidence agreement

Trend gate Downstructural direction

Activity structure Moderatecontracting separation

Price acceptance -50.0%position within the Activity structure

Fair Value context -7.6%TWD 90.55 · weakening

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
2026-10-09	83.70	88.41	-39.18	481272	Downward Expansion	-55	39
2026-10-02	82.30	89.36	-40.22	355121	Downward Expansion	-60	50
2026-09-25	82.30	89.94	-40.77	259135	Downward Expansion	-59	57
2026-09-18	83.00	90.64	-40.23	548247	Downward Expansion	-61	62
2026-09-11	81.80	91.33	-40.72	999433	Downward Expansion	-67	54
2026-09-04	81.50	92.07	-42.44	162270	Downward Expansion	-72	51
2026-08-28	82.40	92.75	-42.54	439009	Downward Expansion	-69	43
2026-08-21	88.10	93.58	-38.09	97006	Downward Expansion	-54	38
2026-08-14	85.20	94.16	-41.69	409200	Downward Expansion	-60	44
2026-08-07	86.50	94.91	-39.50	111000	Downward Expansion	-54	40
2026-07-31	83.50	95.49	-40.86	183005	Downward Expansion	-72	47
2026-07-24	88.30	96.21	-39.05	194001	Downward Expansion	-43	31
2026-07-17	86.63	96.88	-39.57	249002	Downward Expansion	-49	41
2026-07-10	87.68	97.86	-43.16	468001	Downward Expansion	-49	42
2026-07-03	89.77	98.74	-44.28	1063779	Downward Expansion	-62	51
2026-06-26	84.16	99.60	-45.86	934512	Downward Expansion	-73	80
2026-06-19	86.44	100.41	-47.32	695123	Downward Expansion	-66	81
2026-06-12	85.68	101.40	-45.80	1073387	Downward Expansion	-69	83
2026-06-05	85.87	102.61	-47.51	1526086	Downward Expansion	-71	80
2026-05-29	85.58	103.70	-48.01	2013337	Downward Expansion	-76	79
2026-05-22	86.72	104.65	-44.90	2767785	Downward Expansion	-77	76
2026-05-15	88.63	105.69	-42.85	2534311	Downward Expansion	-77	63
2026-05-08	94.81	106.51	-40.13	950678	Downward Expansion	-63	43
2026-05-01	93.57	107.15	-37.37	1024937	Downward Expansion	-69	45
2026-04-24	97.95	107.84	-35.00	1241190	Downward Expansion	-59	48
2026-04-17	100.32	108.25	-30.16	1443081	Downward Expansion	-57	60
2026-04-10	97.47	108.36	-29.91	1248687	Downward Expansion	-62	65
2026-04-03	95.09	108.85	-26.07	969488	Downward Expansion	-71	45
2026-03-27	96.04	109.34	-26.87	1406253	Downward Expansion	-72	41
2026-03-20	101.27	109.67	-24.19	1555725	Downward Expansion	-51	27
2026-03-13	112.21	109.67	-15.96	1989591	Downward Expansion	-28	18
2026-03-06	99.85	109.23	-25.80	727295	Downward Expansion	-69	59
2026-02-27	103.18	109.12	-27.52	646541	Downward Expansion	-60	51
2026-02-13	103.65	108.98	-23.57	702008	Deceleration	-30	30
2026-02-06	104.13	108.75	-19.11	1137175	Rotation Down	-30	29
2026-01-30	101.75	108.45	-21.81	1072419	Rotation Down	-39	34
2026-01-23	107.45	108.20	-17.34	794502	Rotation Down	-19	34
2026-01-16	105.55	107.76	-17.47	1667373	Rotation Down	-20	41
2026-01-09	107.45	107.32	-13.03	1358263	Deceleration	-16	31
2026-01-02	104.13	106.92	-13.09	806073	Deceleration	-5	19
2025-12-26	105.08	106.76	-9.91	1422245	Deceleration	-2	11
2025-12-19	108.41	106.46	-4.21	1071062	Deceleration	23	11
2025-12-12	116.01	105.89	0.77	1181422	Deceleration	37	18
2025-12-05	114.11	105.12	0.03	885507	Deceleration	36	18
2025-11-28	115.54	104.28	2.60	875717	Upward Expansion	41	27
2025-11-21	108.41	103.15	0.75	1615082	Upward Expansion	43	32
2025-11-14	116.01	102.23	4.09	1020166	Upward Expansion	60	47
2025-11-07	122.19	101.08	8.80	1471552	Upward Expansion	74	55
2025-10-31	118.39	99.58	3.46	914622	Upward Expansion	69	51
2025-10-24	114.11	98.43	2.43	628008	Upward Expansion	62	49
2025-10-17	117.91	97.37	6.95	2405883	Upward Expansion	73	56
2025-10-10	113.16	96.21	2.89	1079659	Upward Expansion	65	53
2025-10-03	114.11	95.22	5.98	717113	Upward Expansion	71	55
2025-09-26	114.11	94.25	11.12	2371181	Upward Expansion	76	59
2025-09-19	110.31	93.30	7.68	1678143	Upward Expansion	71	72
2025-09-12	103.65	92.58	1.77	2555420	Upward Expansion	65	76
2025-09-05	112.21	92.09	14.49	1663134	Upward Expansion	82	88
2025-08-29	109.83	91.27	13.54	1732290	Upward Expansion	82	81
2025-08-22	106.03	90.44	12.00	1891482	Upward Expansion	77	64
2025-08-15	101.27	89.70	4.63	6850627	Upward Expansion	69	54
2025-08-08	98.90	89.18	3.46	702778	Upward Expansion	64	52
2025-08-01	96.52	88.70	3.60	1422731	Upward Expansion	56	44
2025-07-25	98.90	88.35	6.58	1947039	Upward Expansion	66	47
2025-07-18	96.94	87.88	4.59	1833980	Deceleration	61	39
2025-07-11	95.11	87.51	5.70	1216310	Deceleration	46	31
2025-07-04	94.20	87.28	5.71	1122450	Upward Expansion	53	34
2025-06-27	94.20	87.14	5.49	972288	Upward Expansion	58	43
2025-06-20	92.37	86.97	6.18	1552572	Upward Expansion	61	61
2025-06-13	95.57	86.90	9.89	3218999	Upward Expansion	64	74
2025-06-06	99.23	86.78	16.51	4775727	Rotation Up	80	82
2025-05-30	96.03	86.49	14.72	2439063	Rotation Up	51	61
2025-05-23	91.45	86.28	8.05	1206887	Rotation Up	30	35
2025-05-16	92.82	86.14	8.81	3136693	Downward Expansion	33	28
2025-05-09	88.80	85.95	8.72	2142833	Downward Expansion	-12	9
2025-05-02	81.67	85.89	0.56	242359	Downward Expansion	-55	41
2025-04-25	80.94	86.06	4.08	659240	Downward Expansion	-57	43
2025-04-18	81.58	86.29	7.43	1291214	Downward Expansion	-59	49
2025-04-11	77.00	86.44	0.76	3617288	Downward Expansion	-84	75
2025-04-04	83.86	86.89	0.47	785158	Downward Expansion	-61	66
2025-03-28	82.58	87.13	-2.59	750543	Downward Expansion	-69	73
2025-03-21	83.04	87.41	-4.93	702898	Downward Expansion	-68	66
2025-03-14	83.31	87.74	-4.03	1172303	Downward Expansion	-64	43
2025-03-07	84.96	88.01	-5.08	942848	Downward Expansion	-40	21
2025-02-28	85.87	88.01	-6.42	623631	Downward Expansion	-29	23
2025-02-21	88.62	88.01	-6.57	663260	Downward Expansion	-12	18
2025-02-14	88.89	87.99	-4.35	964220	Downward Expansion	-20	12
2025-02-07	87.52	87.97	-7.50	746563	Downward Expansion	-40	26
2025-01-24	84.96	88.21	-10.74	295000	Downward Expansion	-58	50
2025-01-17	83.86	88.69	-11.01	615000	Downward Expansion	-68	60
2025-01-10	85.69	88.78	-8.85	638000	Downward Expansion	-60	63
2025-01-03	84.59	88.83	-9.91	529000	Downward Expansion	-66	68
2024-12-27	85.87	88.85	-10.21	694000	Downward Expansion	-58	58
2024-12-20	84.78	88.83	-8.55	690000	Balance	-66	52
2024-12-13	86.06	88.78	-9.51	973000	Balance	-20	17
2024-12-06	88.16	88.78	-8.19	959000	Balance	14	6
2024-11-29	89.81	88.77	-2.89	1088000	Balance	46	29
2024-11-22	89.17	88.71	-6.46	929342	Balance	48	35
2024-11-15	90.36	88.58	-4.83	1115000	Balance	49	35
2024-11-08	91.91	88.30	-6.63	1547000	Balance	48	29
2024-11-01	90.54	88.07	-5.02	1220000	Balance	36	17
2024-10-25	89.81	87.93	-7.95	936000	Balance	27	12
2024-10-18	87.15	87.79	-11.09	669000	Balance	-12	21
2024-10-11	87.25	87.76	-8.60	837000	Balance	-12	23
2024-10-04	86.88	87.94	-6.34	547000	Balance	-13	16
2024-09-27	86.79	87.99	-8.37	957000	Balance	-10	12
2024-09-20	87.79	88.01	-4.43	786000	Balance	15	9
2024-09-13	86.06	87.95	-4.46	1755000	Balance	23	10
2024-09-06	90.63	87.95	2.35	1857000	Balance	48	35
2024-08-30	91.09	87.75	-0.69	1072000	Balance	49	34
2024-08-23	91.00	87.46	-0.07	1310000	Balance	47	24
2024-08-16	92.82	87.37	1.37	2730000	Balance	42	17
2024-08-09	91.45	86.86	4.22	4558000	Balance	35	20
2024-08-02	84.78	86.39	-3.83	2317000	Balance	13	18
2024-07-26	86.06	86.02	-4.36	1303000	Upward Expansion	29	15
2024-07-19	87.89	85.64	-5.49	3371000	Upward Expansion	57	57
2024-07-12	88.30	85.32	-9.17	4985000	Upward Expansion	59	65
2024-07-05	94.89	84.86	-0.82	6487000	Upward Expansion	73	76
2024-06-28	99.29	84.32	6.25	11112000	Upward Expansion	84	74
2024-06-21	86.46	83.59	-8.09	2292000	Balance	35	18
2024-06-14	87.42	83.32	-3.97	1935000	Deceleration	29	13
2024-06-07	85.05	82.83	-3.84	2112000	Deceleration	18	10
2024-05-31	85.40	82.32	-0.26	3418000	Deceleration	21	12
2024-05-24	83.21	81.49	-4.42	5972000	Deceleration	25	17
2024-05-17	86.11	80.65	0.69	3326000	Deceleration	45	28
2024-05-10	87.86	79.65	5.88	3619000	Deceleration	51	26
2024-05-03	87.86	78.59	8.31	4535000	Deceleration	40	19
2024-04-26	85.40	77.56	6.87	2486000	Deceleration	29	17
2024-04-19	81.80	76.65	5.89	4964000	Deceleration	30	18
2024-04-12	85.05	75.91	4.16	5547000	Upward Expansion	39	23
2024-04-05	86.37	75.06	8.14	2256000	Upward Expansion	46	34
2024-03-29	85.49	74.17	7.93	2620000	Upward Expansion	59	44
2024-03-22	86.37	73.31	10.10	9727000	Upward Expansion	62	49
2024-03-15	92.70	72.34	22.26	8057000	Upward Expansion	78	59
2024-03-08	88.30	71.23	16.97	8103000	Upward Expansion	70	56
2024-03-01	87.25	70.27	21.82	12852000	Upward Expansion	70	61
2024-02-23	86.19	69.39	21.81	6935000	Upward Expansion	70	71
2024-02-16	86.11	68.70	24.73	3828000	Upward Expansion	73	79
2024-02-09	84.44	67.98	27.05	1122000	Upward Expansion	70	71
2024-02-02	82.50	67.19	25.74	7070000	Upward Expansion	65	55
2024-01-26	88.30	66.54	36.51	22801000	Upward Expansion	86	61
2024-01-19	77.41	65.69	23.28	2901671	Upward Expansion	54	43
2024-01-12	77.32	65.24	25.54	5757000	Upward Expansion	56	47
2024-01-05	73.81	64.93	20.92	2479000	Upward Expansion	51	46
2023-12-29	74.77	64.59	20.58	4915000	Upward Expansion	64	59
2023-12-22	78.20	64.14	29.32	4918000	Upward Expansion	72	77
2023-12-15	74.51	63.25	23.75	7007000	Upward Expansion	68	88
2023-12-08	78.55	62.51	34.10	6812000	Upward Expansion	79	92
2023-12-01	77.50	61.63	33.69	9266000	Upward Expansion	83	94
2023-11-24	78.46	60.80	38.42	21139000	Upward Expansion	91	95
2023-11-17	72.66	59.97	30.60	19625000	Upward Expansion	85	83
2023-11-10	69.59	59.23	30.69	24855000	Upward Expansion	66	45
2023-11-03	60.54	58.79	16.35	3145000	Rotation Down	-3	9
2023-10-27	58.17	58.36	15.54	2096000	Rotation Down	-28	38
2023-10-20	56.15	57.96	10.51	1963000	Deceleration	-31	40
2023-10-13	55.97	57.64	8.87	2423000	Deceleration	-22	28
2023-10-06	56.85	57.22	13.35	2735000	Deceleration	0	9

Price vs TrendBelow-5.3%

Trend directionFalling-7.4%

Price vs current Fair ValueBelow anchor-7.6%

Fair Value directionMoving away-6.5%

Relative Strength vs benchmarkLagging-39.2%

Relative strength directionImproving+4.0%

Price momentumNegative-14.1%

Volume balanceDemand-led1.43×

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

-55 / ±100

+11.8 points since 2026-09-11

Energy

39 /100

-15.0 points since 2026-09-11

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

4129 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance21

Rotation Up26

Upward Expansion5

Deceleration57

Rotation Down44

Downward Expansion76

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

2023-10-06 to 2026-10-09 · 156 classified observations out of 156 shown.

Balance 14%Rotation Up 2%Upward Expansion 33%Deceleration 14%Rotation Down 4%Downward Expansion 34%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-02-27	2026-10-09	Extended	-18.9%
Deceleration	2026-02-13	2026-02-13	New	+0.0%
Rotation Down	2026-01-16	2026-02-06	New	-1.4%
Deceleration	2025-12-05	2026-01-09	Developing	-5.8%
Upward Expansion	2025-07-25	2025-11-28	Established	+16.8%
Deceleration	2025-07-11	2025-07-18	New	+1.9%
Upward Expansion	2025-06-13	2025-07-04	New	-1.4%
Rotation Up	2025-05-23	2025-06-06	New	+8.5%
Downward Expansion	2024-12-27	2025-05-16	Established	+8.1%
Balance	2024-08-02	2024-12-20	Established	+0.0%
Upward Expansion	2024-06-28	2024-07-26	Developing	-13.3%
Balance	2024-06-21	2024-06-21	New	+0.0%
Deceleration	2024-04-19	2024-06-14	Developing	+6.9%
Upward Expansion	2023-11-10	2024-04-12	Established	+22.2%

Classic Stage Analysis comparison

Stage 1 · Basing56

Stage 2 · Advancing0

Stage 3 · Distribution23

Stage 4 · Declining100

Legacy result: Stage 4 · Stage 4B · Declining. 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: 78/100
Current Relative Strength: -39.18
Relative Strength direction: Improving
Price momentum: -14.1%
Excess performance vs benchmark: -53.4%
Healthcare regime cohort: 41th percentile96 in cohort

Test 4129 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.78×

Latest completed volume relative to typical participation.

Up/down volume1.43×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 0

Recent participation evidence classified by demand and supply.

Activity alignment+0.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

Current relationship between Fast Activity and Slow Activity.

Structure stability+0.0%

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 4129 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity TWD 82.83falling

Slow Activity TWD 85.66falling

Trend Reference TWD 88.41-5.3% close margin

Current Fair Value TWD 90.55-7.6% close margin

Structural low TWD 81.10shock / repair context

What changes the read?

Fan contraction and a persistent upward fast/slow rotation are required before the declining structure is considered repaired.

Range context +3.5%

Annualized volatility +22.3%

From structural high -33.1%

From structural low +3.2%

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	24	-0.9%-11.5% to +13.0%	+37.5%	+62.5%	-1.3%	+87.5%	Usable descriptive sample
Intermediate	8	-3.0%-17.1% to +12.3%	+37.5%	+62.5%	+3.1%	+62.5%	Usable descriptive sample
Extended	4	+1.6%-20.1% to +9.7%	+50.0%	+50.0%	+3.7%	+25.0%	Too little matched history
Full cycle	3	+21.3%-7.3% to +160.7%	+66.7%	+33.3%	+9.2%	+33.3%	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.

4129 Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding downward.

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 weekly architecture is expanding downward.

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