Weekly structural research ยท KSC ยท Basic Materials

002710 Stage Analysis

TCC Steel Corp.

Week ending 9 Oct 2026Close KRW 14,010.00Tenure NewBenchmark ^KS11
Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction
Balance ยท Balance after decline

Directional pressure has compressed into balance.

Trend and Activity are compressed into balance, so neither side has durable control. Prior structure and the next directional change provide context; balance alone is not assumed to be a base.

  • The Trend gate is down within the current regime.
  • Fast Activity versus Slow Activity: improving.
  • Activity structure: moderate and contracting.
Direction 18โˆ’100 bearish to +100 bullish
Energy 30/100directional strength
Maturity 16/100lifecycle context
Confidence 47/100evidence agreement
Trend gate Downstructural direction
Activity structure Moderatecontracting separation
Price acceptance +33.3%position within the Activity structure
Fair Value context -52.5%KRW 29,488.41 ยท improving
Trend Architecture map ยท 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.
  • Rotation DownStructure is turning lower.
  • Downward ExpansionDowntrend is established.
View chart values ยท 156 observations
WeekCloseTrendRelative StrengthVolumeRegimeDirectionEnergy
2026-10-0914,010.0012,979.33-18.183348415Balance1830
2026-10-0213,460.0012,971.67-26.786368682Balance1322
2026-09-2511,190.0012,998.67-40.90465158Downward Expansion-1821
2026-09-1811,100.0013,143.33-41.14948489Downward Expansion-2827
2026-09-1111,800.0013,308.33-39.002022030Downward Expansion-3229
2026-09-0411,180.0013,442.00-41.66245078Downward Expansion-3932
2026-08-2811,400.0013,599.00-42.7650351Downward Expansion-4435
2026-08-219,880.0013,789.33-52.4234459Downward Expansion-5252
2026-08-1410,450.0013,971.33-51.4327354Downward Expansion-6462
2026-08-079,900.0014,064.67-50.1891501Downward Expansion-6779
2026-07-318,260.0014,169.67-61.5160856Downward Expansion-7789
2026-07-248,870.0014,353.33-60.2245128Downward Expansion-7387
2026-07-179,000.0014,544.33-61.35234706Downward Expansion-7687
2026-07-109,580.0014,749.58-63.3179685Downward Expansion-7787
2026-07-0310,140.0014,993.21-64.9249806Downward Expansion-7683
2026-06-269,600.0015,185.67-68.81109031Balance-8482
2026-06-1912,300.0015,410.72-63.66102693Balance-3448
2026-06-1213,000.0015,500.99-58.0794863Balance-2933
2026-06-0512,850.0015,635.60-59.56127255Balance-1924
2026-05-2915,240.0015,760.61-54.86555349Rotation Up2815
2026-05-2217,130.0015,861.36-46.39766717Rotation Up5744
2026-05-1516,800.0015,975.41-45.971044916Rotation Up3558
2026-05-0818,970.0016,033.78-40.351461928Rotation Up4267
2026-05-0119,730.0015,908.68-31.125336643Rotation Up5063
2026-04-2418,190.0015,781.80-36.652612051Balance3133
2026-04-1716,960.0015,713.56-39.641691793Balance1816
2026-04-1016,660.0015,717.49-38.752159539Downward Expansion-1911
2026-04-0314,530.0015,744.37-43.121084611Downward Expansion-5451
2026-03-2713,560.0015,816.70-48.74514801Downward Expansion-5960
2026-03-2013,640.0015,929.33-52.69461482Balance-5952
2026-03-1313,780.0016,062.18-51.12467006Balance-5735
2026-03-0614,270.0016,276.28-51.73899231Balance-5022
2026-02-2715,530.0016,407.04-54.43974769Balance-2215
2026-02-2016,050.0016,446.04-50.93304698Balance-2022
2026-02-1315,810.0016,505.19-50.37714240Downward Expansion-2523
2026-02-0615,890.0016,550.78-47.16922026Downward Expansion-3220
2026-01-3017,110.0016,604.98-45.741959180Downward Expansion-2820
2026-01-2315,340.0016,616.85-50.281640354Downward Expansion-6160
2026-01-1613,250.0016,640.95-56.79600327Downward Expansion-6874
2026-01-0913,050.0016,742.68-56.32643541Downward Expansion-7370
2026-01-0213,770.0016,851.74-52.21422924Downward Expansion-6855
2025-12-2614,600.0016,974.61-48.42425588Balance-6345
2025-12-1915,157.3317,063.19-46.16760040Balance-5941
2025-12-1216,889.0317,097.36-43.341416401Balance-5141
2025-12-0515,913.7017,148.12-46.92450166Balance-5547
2025-11-2816,351.6017,278.16-44.41471542Balance-4934
2025-11-2115,008.0417,403.23-49.29636004Balance-6232
2025-11-1417,038.3117,601.28-46.00949332Balance912
2025-11-0716,600.4117,708.43-47.80965636Balance716
2025-10-3118,262.4417,841.79-46.171334189Balance1720
2025-10-2420,551.4617,938.00-38.601752864Balance2416
2025-10-1718,551.0618,014.30-43.301623487Downward Expansion-3422
2025-10-1015,217.0418,294.95-52.83153958Downward Expansion-6756
2025-10-0315,923.6518,695.03-51.30306010Balance-6145
2025-09-2616,142.6019,111.37-49.32574559Balance-6036
2025-09-1917,078.1219,541.97-48.38424406Balance-4027
2025-09-1217,466.2619,926.46-47.28525430Balance-3725
2025-09-0516,699.9320,152.05-47.43902446Balance-4421
2025-08-2916,938.7920,411.47-47.07684830Balance-3017
2025-08-2217,625.4920,764.11-45.36820692Balance-2114
2025-08-1520,203.1321,103.82-39.201908496Downward Expansion-511
2025-08-0818,192.7721,445.51-45.59903074Downward Expansion-3927
2025-08-0116,699.9321,826.02-49.203680473Downward Expansion-4936
2025-07-2517,824.5422,238.05-47.791215916Downward Expansion-4537
2025-07-1817,177.6422,544.58-50.25778696Downward Expansion-5148
2025-07-1117,516.0222,907.42-49.96539310Downward Expansion-6258
2025-07-0417,466.2623,344.94-49.12810086Downward Expansion-6563
2025-06-2716,062.9923,832.03-54.17836336Downward Expansion-7276
2025-06-2016,301.8424,445.24-54.08714235Downward Expansion-7177
2025-06-1316,321.7525,027.34-53.08741801Downward Expansion-7487
2025-06-0617,456.3025,567.46-49.49268000Downward Expansion-6783
2025-05-3017,257.2626,307.76-49.041237595Downward Expansion-7182
2025-05-2316,182.4127,134.02-51.15832264Downward Expansion-8476
2025-05-1618,411.7228,093.62-46.12591924Downward Expansion-7461
2025-05-0919,815.0028,845.04-41.87314129Downward Expansion-6961
2025-05-0220,103.6129,799.24-41.56320327Downward Expansion-6972
2025-04-2520,949.5630,375.27-39.76498464Downward Expansion-6682
2025-04-1820,252.9030,995.81-41.23347684Downward Expansion-7686
2025-04-1120,601.2331,449.52-40.02723809Downward Expansion-7983
2025-04-0421,148.6031,889.97-40.17931682Downward Expansion-8176
2025-03-2822,840.4932,213.00-38.66591659Downward Expansion-7649
2025-03-2126,970.6932,550.71-31.041074812Downward Expansion-4427
2025-03-1427,219.5032,724.30-29.481181609Downward Expansion-4324
2025-03-0728,413.7732,917.69-27.481563102Downward Expansion-4532
2025-02-2829,060.6733,008.47-26.093469507Downward Expansion-6051
2025-02-2128,612.8133,185.11-31.752725121Downward Expansion-6370
2025-02-1424,233.8133,436.18-42.10877013Downward Expansion-7785
2025-02-0724,482.6234,064.59-40.97740994Downward Expansion-7565
2025-01-3127,518.0634,849.99-34.3899106Downward Expansion-6345
2025-01-2427,816.6335,618.49-34.89975509Downward Expansion-6342
2025-01-1730,453.9936,532.39-28.98771089Downward Expansion-5846
2025-01-1029,608.0437,315.41-31.42647652Downward Expansion-6158
2025-01-0329,060.6738,156.38-31.35440423Downward Expansion-6260
2024-12-2727,020.4538,985.84-35.84597845Downward Expansion-7268
2024-12-2028,063.1039,689.95-34.13753778Downward Expansion-7165
2024-12-1330,641.3440,377.48-31.421067471Downward Expansion-6562
2024-12-0632,079.2041,015.43-26.96904697Downward Expansion-6250
2024-11-2934,459.1141,648.42-23.05877677Balance-4335
2024-11-2233,764.9742,218.60-26.55842538Balance-4631
2024-11-1532,525.4342,831.76-27.432212739Balance-4522
2024-11-0839,665.1643,539.12-17.061727772Balance-713
2024-11-0142,045.0743,995.27-12.111368890Balance-222
2024-10-2544,970.3744,395.23-8.062316735Balance524
2024-10-1840,954.2844,859.64-17.162406112Balance-923
2024-10-1148,441.0745,590.14-2.995732331Downward Expansion-118
2024-10-0437,384.4146,047.94-25.03623250Downward Expansion-4027
2024-09-2739,566.0046,907.36-23.831301796Downward Expansion-4638
2024-09-2033,864.1347,826.27-33.71279031Downward Expansion-6153
2024-09-1333,814.5549,321.97-33.861203892Downward Expansion-6458
2024-09-0630,839.6650,366.49-39.371661095Downward Expansion-7164
2024-08-3032,971.6651,153.18-38.831037827Downward Expansion-6772
2024-08-2332,178.3651,832.45-41.40583185Downward Expansion-7187
2024-08-1633,021.2552,316.69-40.24896453Downward Expansion-7289
2024-08-0931,137.1552,928.20-41.661403383Downward Expansion-8594
2024-08-0234,359.9553,648.78-38.171146451Downward Expansion-8491
2024-07-2636,144.8854,321.43-36.851537837Downward Expansion-8584
2024-07-1943,086.2855,060.20-27.181443007Downward Expansion-7360
2024-07-1248,044.4255,502.02-21.051022862Downward Expansion-5930
2024-07-0550,573.0855,725.76-17.281096839Downward Expansion-3820
2024-06-2855,233.7355,795.90-7.471545718Downward Expansion-2821
2024-06-2153,944.6155,746.98-8.671698654Downward Expansion-3619
2024-06-1454,837.0855,793.85-5.872343787Downward Expansion-4325
2024-06-0753,944.6155,619.54-5.801701497Downward Expansion-5949
2024-05-3148,143.5955,669.71-12.701442428Rotation Down-6866
2024-05-2448,688.9855,850.54-13.051059067Rotation Down-4153
2024-05-1749,779.7756,065.99-11.88487176Rotation Down-3745
2024-05-1051,068.8956,350.71-9.20421824Rotation Down-2434
2024-05-0351,564.7156,929.11-6.08472163Rotation Down-2334
2024-04-2652,159.6857,200.54-3.89678160Balance-2126
2024-04-1953,746.2957,100.621.901063074Balance-1622
2024-04-1253,349.6457,061.68-1.821242318Balance-816
2024-04-0554,043.7857,055.77-1.411257052Balance1415
2024-03-2958,902.7657,013.527.03992477Upward Expansion3517
2024-03-2262,869.2856,855.5115.491226738Upward Expansion5132
2024-03-1562,175.1456,462.9619.331785701Upward Expansion5965
2024-03-0863,166.7755,986.2922.553141080Upward Expansion6172
2024-03-0167,133.2855,580.5334.342793095Upward Expansion6072
2024-02-2378,735.3455,293.3959.276133922Upward Expansion8578
2024-02-1665,150.0254,794.4536.233076545Balance2823
2024-02-0954,440.4354,566.8317.56832013Balance-4740
2024-02-0253,349.6454,501.4517.431099505Balance-5146
2024-01-2646,705.7254,096.1710.421134447Balance-3943
2024-01-1951,366.3853,694.5223.72790906Balance-1211
2024-01-1252,754.6653,218.3726.84530869Balance2212
2024-01-0554,539.5952,809.8230.99631685Balance3117
2023-12-2958,307.7952,198.1938.79736946Balance4019
2023-12-2256,340.8751,465.9140.021207656Balance3213
2023-12-1554,756.5950,690.2841.101633375Balance177
2023-12-0852,677.2249,911.3441.301062964Balance1110
2023-12-0153,766.4149,234.7248.231109546Balance2414
2023-11-2455,350.7048,691.7856.691412579Balance2516
2023-11-1749,607.6948,140.5845.451984201Balance1815
2023-11-1055,449.7147,853.4370.442261522Upward Expansion3619
2023-11-0353,568.3847,417.7572.271551836Upward Expansion5237
2023-10-2755,152.6646,595.9187.563258093Upward Expansion5554
2023-10-2058,321.2145,538.0798.282951852Upward Expansion5447
Price vs TrendAbove+7.9%
Trend directionFalling-8.4%
Price vs current Fair ValueBelow anchor-52.5%
Fair Value directionClosing upward+18.7%
Relative Strength vs benchmarkLagging-18.2%
Relative strength directionImproving+45.1%
Price momentumNegative-15.9%
Volume balanceDemand-led7.89ร—
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

18 / ยฑ100

+50.0 points since 2026-09-11

Energy

30 /100

+1.3 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.

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated
Balance41
Rotation Up47
Upward Expansion36
Deceleration41
Rotation Down14
Downward Expansion44

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 todayโ€™s regime

2023-10-20 to 2026-10-09 ยท 156 classified observations out of 156 shown.

Balance 35%Rotation Up 3%Upward Expansion 6%Rotation Down 3%Downward Expansion 52%
Recent Trend Architecture ledger
RegimeRecognizedLast observationTenureMove inside regime
Balance2026-10-022026-10-09New+4.1%
Downward Expansion2026-07-032026-09-25Established+10.4%
Balance2026-06-052026-06-26New-25.3%
Rotation Up2026-05-012026-05-29Developing-22.8%
Balance2026-04-172026-04-24New+7.3%
Downward Expansion2026-03-272026-04-10New+22.9%
Balance2026-02-202026-03-20Developing-15.0%
Downward Expansion2026-01-022026-02-13Developing+14.8%
Balance2025-10-242025-12-26Developing-29.0%
Downward Expansion2025-10-102025-10-17New+21.9%
Balance2025-08-222025-10-03Developing-9.7%
Downward Expansion2024-12-062025-08-15Extended-37.0%
Balance2024-10-182024-11-29Developing-15.9%
Downward Expansion2024-06-072024-10-11Established-10.2%
Classic Stage Analysis comparison
Stage 1 ยท Basing70
Stage 2 ยท Advancing28
Stage 3 ยท Distribution4
Stage 4 ยท Declining44

Legacy result: Stage 1 ยท Stage 1B ยท Basing. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^KS11

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
31/100
Current Relative Strength
-18.18
Relative Strength direction
Improving
Price momentum
-15.9%
Excess performance vs benchmark
-29.0%
Basic Materials regime cohort
33th percentile43 in cohort
Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry
Relative volume4.45ร—

Latest completed volume relative to typical participation.

Up/down volume7.89ร—

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 1

Recent participation evidence classified by demand and supply.

Activity alignment+50.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationImproving

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.

Decision architecture

References that would change the structural read

Evidence levels, not orders
Fast Activity KRW 12,764.00rising
Slow Activity KRW 11,900.58falling
Trend Reference KRW 12,979.33+7.9% close margin
Current Fair Value KRW 29,488.41-52.5% close margin
Structural low KRW 7,760.00shock / repair context
What changes the read?

Persistent fast/slow separation and fan expansion would end Balance; direction determines whether it becomes Rotation Up or Rotation Down.

Range context +10.9%
Annualized volatility +71.0%
From structural high -39.0%
From structural low +80.5%
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 movePositive periodsDirectional follow-through Median excess vs ^KS11 Regime survived Read
Near term19-3.1%-27.0% to +24.3%+42.1%+42.1%-3.3%+47.4%Usable descriptive sample
Intermediate10-2.9%-25.6% to +305.9%+50.0%+50.0%-17.8%+30.0%Usable descriptive sample
Extended6-4.3%-50.5% to +123.8%+50.0%+50.0%-28.1%+16.7%Usable descriptive sample
Full cycle4+46.9%-47.6% to +390.8%+50.0%+50.0%+61.5%+50.0%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.

Evidence context