Weekly structural research · TWO · Healthcare

4120 Stage Analysis

Orient EuroPharma Co., Ltd.

Week ending 9 Oct 2026Close TWD 46.00Tenure 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 33−100 bearish to +100 bullish

Energy 23/100directional strength

Maturity 63/100lifecycle context

Confidence 77/100evidence agreement

Trend gate Upstructural direction

Activity structure Moderatecontracting separation

Price acceptance +0.0%position within the Activity structure

Fair Value context +9.2%TWD 42.12 · 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
2026-10-09	46.00	44.32	-22.24	70000	Deceleration	33	23
2026-10-02	46.10	44.20	-21.71	71083	Deceleration	35	23
2026-09-25	46.00	44.00	-22.17	69634	Deceleration	36	27
2026-09-18	45.80	43.81	-22.14	92050	Deceleration	41	28
2026-09-11	47.10	43.64	-19.23	32282	Upward Expansion	48	43
2026-09-04	45.70	43.43	-23.42	8000	Upward Expansion	63	58
2026-08-28	47.35	43.29	-21.31	26000	Upward Expansion	66	85
2026-08-21	47.90	43.05	-19.62	7001	Upward Expansion	68	88
2026-08-14	49.20	42.82	-19.57	15022	Upward Expansion	86	95
2026-08-07	49.10	42.53	-18.00	65000	Upward Expansion	91	96
2026-07-31	47.35	42.26	-19.90	70165	Upward Expansion	86	87
2026-07-24	46.10	42.03	-24.04	51000	Balance	78	71
2026-07-17	44.00	41.82	-26.88	231013	Balance	51	33
2026-07-10	43.45	41.70	-33.11	263297	Balance	43	16
2026-07-03	41.75	41.62	-38.74	170000	Balance	9	12
2026-06-26	41.20	41.65	-37.71	129000	Balance	-16	17
2026-06-19	41.43	41.64	-40.83	42061	Balance	6	12
2026-06-12	42.49	41.66	-37.09	69127	Balance	17	15
2026-06-05	41.94	41.67	-39.95	258225	Balance	23	19
2026-05-29	40.88	41.69	-41.83	282130	Rotation Up	10	15
2026-05-22	42.17	41.84	-37.37	125041	Rotation Up	37	19
2026-05-15	42.35	41.95	-36.18	291569	Rotation Up	41	25
2026-05-08	42.67	42.05	-37.15	339826	Rotation Up	28	26
2026-05-01	44.00	42.15	-31.54	139200	Rotation Up	40	44
2026-04-24	42.85	42.20	-34.02	103048	Rotation Up	30	39
2026-04-17	43.40	42.31	-30.08	119116	Rotation Up	28	45
2026-04-10	43.17	42.39	-28.41	136199	Rotation Up	24	40
2026-04-03	42.99	42.60	-23.24	54189	Balance	4	21
2026-03-27	42.30	42.67	-26.33	253303	Balance	-7	15
2026-03-20	42.72	42.85	-27.20	128190	Balance	-3	8
2026-03-13	42.40	43.02	-28.05	425820	Downward Expansion	-25	16
2026-03-06	40.29	43.25	-32.62	106028	Downward Expansion	-57	36
2026-02-27	40.33	43.46	-36.61	110310	Downward Expansion	-55	33
2026-02-13	40.47	43.75	-33.64	73000	Downward Expansion	-46	31
2026-02-06	41.07	44.03	-29.42	145000	Downward Expansion	-40	29
2026-01-30	41.34	44.31	-30.08	146465	Downward Expansion	-44	34
2026-01-23	40.10	44.63	-32.36	309010	Downward Expansion	-62	43
2026-01-16	41.07	45.02	-29.92	187628	Downward Expansion	-58	45
2026-01-09	40.61	45.21	-28.54	153813	Downward Expansion	-62	54
2026-01-02	40.88	45.36	-26.17	59000	Downward Expansion	-64	74
2025-12-26	40.33	45.45	-25.50	70235	Downward Expansion	-69	84
2025-12-19	39.88	45.57	-24.45	105120	Downward Expansion	-78	87
2025-12-12	40.47	45.72	-25.03	105050	Downward Expansion	-76	85
2025-12-05	41.11	45.81	-23.59	67455	Downward Expansion	-71	76
2025-11-28	42.44	45.88	-20.50	90050	Downward Expansion	-62	70
2025-11-21	41.16	45.88	-19.72	140030	Rotation Down	-73	76
2025-11-14	41.89	45.85	-21.46	158056	Rotation Down	-44	60
2025-11-07	42.85	45.78	-20.70	76445	Rotation Down	-40	49
2025-10-31	42.44	45.66	-23.40	342035	Rotation Down	-44	44
2025-10-24	45.47	45.73	-16.14	140809	Rotation Down	-16	21
2025-10-17	45.38	45.72	-15.78	241000	Rotation Down	-18	26
2025-10-10	45.28	45.73	-16.16	144017	Deceleration	-17	27
2025-10-03	45.83	45.72	-13.74	202324	Deceleration	4	12
2025-09-26	45.60	45.75	-10.42	369886	Deceleration	6	8
2025-09-19	45.92	45.83	-9.99	706029	Deceleration	8	10
2025-09-12	45.79	45.94	-10.08	1806379	Deceleration	12	9
2025-09-05	49.50	45.99	0.83	1625366	Deceleration	41	18
2025-08-29	45.10	45.89	-7.14	506347	Deceleration	20	13
2025-08-22	47.67	45.85	-0.03	423020	Deceleration	35	18
2025-08-15	47.94	45.66	-1.73	397184	Deceleration	38	22
2025-08-08	49.13	45.48	2.11	333942	Deceleration	45	28
2025-08-01	46.75	45.29	-0.34	361300	Upward Expansion	44	31
2025-07-25	49.04	45.17	4.92	807828	Upward Expansion	60	59
2025-07-18	48.95	44.98	4.82	218691	Upward Expansion	64	77
2025-07-11	49.50	44.81	9.30	1029135	Upward Expansion	65	79
2025-07-04	50.78	44.61	13.43	1113441	Upward Expansion	78	80
2025-06-27	51.77	44.37	16.01	2306416	Balance	87	75
2025-06-20	46.82	44.09	8.14	3002730	Balance	30	27
2025-06-13	45.02	44.01	4.30	202165	Balance	9	16
2025-06-06	43.67	44.01	3.43	122031	Balance	-23	20
2025-05-30	44.08	44.06	6.20	74020	Balance	-23	21
2025-05-23	44.17	44.03	5.29	120537	Downward Expansion	-29	19
2025-05-16	43.31	44.02	2.65	154046	Downward Expansion	-41	24
2025-05-09	43.22	44.04	7.16	149195	Downward Expansion	-57	48
2025-05-02	42.27	44.11	5.69	193140	Downward Expansion	-61	66
2025-04-25	40.20	44.19	5.33	125009	Downward Expansion	-66	69
2025-04-18	39.80	44.35	7.03	146000	Upward Expansion	-44	53
2025-04-11	39.53	44.48	5.78	782342	Upward Expansion	-36	30
2025-04-04	44.35	44.64	8.95	145530	Upward Expansion	20	18
2025-03-28	45.11	44.66	9.48	207452	Upward Expansion	33	19
2025-03-21	45.65	44.62	8.05	286217	Upward Expansion	40	23
2025-03-14	45.11	44.53	8.15	267180	Upward Expansion	54	40
2025-03-07	46.73	44.37	9.24	672279	Upward Expansion	60	63
2025-02-28	47.99	44.23	10.02	2658903	Upward Expansion	62	67
2025-02-21	49.34	44.06	10.05	1956363	Upward Expansion	75	69
2025-02-14	47.18	43.88	8.05	1306105	Deceleration	62	46
2025-02-07	46.55	43.71	5.32	673773	Deceleration	37	17
2025-01-24	43.90	43.66	-0.78	340000	Deceleration	-45	26
2025-01-17	41.91	43.56	-3.71	250000	Deceleration	-32	31
2025-01-10	42.59	43.44	-1.68	172000	Deceleration	-17	17
2025-01-03	43.31	43.28	0.41	96000	Deceleration	9	8
2024-12-27	43.35	43.09	-1.11	205000	Deceleration	11	8
2024-12-20	43.31	42.88	2.09	815000	Deceleration	12	9
2024-12-13	43.67	42.66	0.62	3708000	Deceleration	17	11
2024-12-06	43.67	42.44	-0.17	342000	Deceleration	19	13
2024-11-29	43.54	42.24	3.55	186000	Deceleration	33	16
2024-11-22	43.44	42.04	0.37	211431	Deceleration	37	23
2024-11-15	44.26	41.83	2.86	365000	Deceleration	48	28
2024-11-08	45.20	41.56	1.37	353000	Deceleration	57	31
2024-11-01	45.02	41.34	4.22	287000	Deceleration	46	24
2024-10-25	43.26	41.12	-2.41	110000	Upward Expansion	39	23
2024-10-18	43.72	40.96	-2.30	206000	Upward Expansion	43	30
2024-10-11	44.03	40.74	0.68	280000	Upward Expansion	56	38
2024-10-04	45.29	40.49	6.14	579000	Upward Expansion	62	42
2024-09-27	44.80	40.20	2.33	397000	Upward Expansion	59	38
2024-09-20	44.75	39.93	4.93	333000	Upward Expansion	61	44
2024-09-13	43.81	39.66	4.33	196000	Upward Expansion	57	45
2024-09-06	44.35	39.38	6.86	265000	Upward Expansion	61	45
2024-08-30	45.11	39.02	4.62	776000	Deceleration	67	42
2024-08-23	43.76	38.65	2.07	403000	Deceleration	62	37
2024-08-16	42.90	38.30	-0.74	486000	Upward Expansion	50	33
2024-08-09	40.43	38.00	-2.67	704000	Upward Expansion	56	40
2024-08-02	42.59	37.74	1.64	476000	Upward Expansion	62	53
2024-07-26	42.81	37.46	-0.19	376000	Upward Expansion	66	78
2024-07-19	43.90	37.17	-1.19	1000000	Upward Expansion	78	86
2024-07-12	41.96	36.86	-9.90	2164000	Upward Expansion	67	78
2024-07-05	45.27	36.60	-1.72	10572000	Upward Expansion	92	87
2024-06-28	40.81	36.26	-9.83	754000	Upward Expansion	80	68
2024-06-21	38.21	36.07	-16.86	316000	Upward Expansion	55	32
2024-06-14	37.94	35.95	-14.95	347000	Deceleration	53	27
2024-06-07	37.50	35.84	-13.68	183000	Deceleration	39	19
2024-05-31	37.06	35.75	-12.19	270000	Deceleration	35	18
2024-05-24	36.80	35.67	-14.62	207000	Deceleration	37	21
2024-05-17	37.02	35.62	-13.13	402000	Deceleration	40	23
2024-05-10	37.72	35.53	-9.44	173000	Deceleration	44	23
2024-05-03	37.46	35.46	-8.64	203000	Upward Expansion	44	28
2024-04-26	37.24	35.47	-8.45	392000	Upward Expansion	57	38
2024-04-19	36.00	35.48	-9.00	475000	Upward Expansion	62	47
2024-04-12	38.65	35.52	-8.21	738000	Upward Expansion	74	75
2024-04-05	38.56	35.56	-6.84	634000	Rotation Up	77	72
2024-03-29	38.34	35.43	-7.31	393000	Rotation Up	54	65
2024-03-22	37.02	35.23	-10.35	201000	Rotation Up	43	64
2024-03-15	36.62	35.05	-9.00	313000	Rotation Up	28	59
2024-03-08	36.71	34.91	-9.40	613000	Rotation Up	42	53
2024-03-01	36.62	34.77	-5.73	403000	Rotation Up	42	41
2024-02-23	36.53	34.74	-5.87	673000	Downward Expansion	32	29
2024-02-16	35.38	34.73	-7.56	256000	Downward Expansion	-16	11
2024-02-09	33.62	34.78	-9.83	29000	Downward Expansion	-58	40
2024-02-02	33.97	34.91	-8.86	69000	Downward Expansion	-59	56
2024-01-26	33.44	35.13	-10.08	244000	Downward Expansion	-63	62
2024-01-19	33.80	35.35	-7.74	337340	Downward Expansion	-60	62
2024-01-12	32.78	35.34	-9.84	262000	Downward Expansion	-79	69
2024-01-05	33.93	35.37	-6.99	161000	Downward Expansion	-62	53
2023-12-29	34.33	35.38	-8.34	89000	Downward Expansion	-57	45
2023-12-22	34.41	35.36	-6.69	120000	Balance	-54	34
2023-12-15	34.37	35.32	-7.45	159000	Balance	-54	28
2023-12-08	34.81	35.31	-4.89	178000	Balance	-21	13
2023-12-01	35.25	35.23	-4.12	204000	Balance	-21	14
2023-11-24	34.68	35.15	-4.97	256000	Balance	-24	20
2023-11-17	34.59	35.07	-4.95	146000	Balance	-14	16
2023-11-10	34.77	35.00	-1.63	218000	Balance	-3	13
2023-11-03	34.72	34.96	-1.00	372000	Balance	16	17
2023-10-27	35.30	34.89	2.69	193000	Upward Expansion	26	14
2023-10-20	34.37	34.79	-2.06	397000	Upward Expansion	25	14
2023-10-13	35.56	34.71	-0.95	431000	Upward Expansion	53	48
2023-10-06	37.59	34.57	6.13	437000	Upward Expansion	56	51

Price vs TrendAbove+3.8%

Trend directionRising+4.9%

Price vs current Fair ValuePremium+9.2%

Fair Value directionClosing upward+3.8%

Relative Strength vs benchmarkLagging-22.2%

Relative strength directionImproving+10.9%

Price momentumPositive+6.5%

Volume balanceDemand-led2.98×

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

33 / ±100

-15.6 points since 2026-09-11

Energy

23 /100

-20.1 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.

4120 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance42

Rotation Up20

Upward Expansion54

Deceleration94

Rotation Down31

Downward Expansion20

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 15%Rotation Up 9%Upward Expansion 30%Deceleration 24%Rotation Down 4%Downward Expansion 19%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Deceleration	2026-09-18	2026-10-09	New	+0.4%
Upward Expansion	2026-07-31	2026-09-11	Developing	-0.5%
Balance	2026-06-05	2026-07-24	Developing	+9.9%
Rotation Up	2026-04-10	2026-05-29	Developing	-5.3%
Balance	2026-03-20	2026-04-03	New	+0.6%
Downward Expansion	2025-11-28	2026-03-13	Established	-0.1%
Rotation Down	2025-10-17	2025-11-21	Developing	-9.3%
Deceleration	2025-08-08	2025-10-10	Developing	-7.8%
Upward Expansion	2025-07-04	2025-08-01	Developing	-7.9%
Balance	2025-05-30	2025-06-27	Developing	+17.5%
Downward Expansion	2025-04-25	2025-05-23	Developing	+9.9%
Upward Expansion	2025-02-21	2025-04-18	Developing	-19.3%
Deceleration	2024-11-01	2025-02-14	Established	+4.8%
Upward Expansion	2024-09-06	2024-10-25	Developing	-2.4%

Classic Stage Analysis comparison

Stage 1 · Basing42

Stage 2 · Advancing44

Stage 3 · Distribution44

Stage 4 · Declining29

Legacy result: Stage 3 · Stage 3A · Churning. 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: 29/100
Current Relative Strength: -22.24
Relative Strength direction: Improving
Price momentum: +6.5%
Excess performance vs benchmark: -32.7%
Healthcare regime cohort: 56th percentile18 in cohort

Test 4120 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.69×

Latest completed volume relative to typical participation.

Up/down volume2.98×

Participation balance between advancing and declining observations.

Accumulation / distribution1 / 0

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 4120 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity TWD 46.07falling

Slow Activity TWD 45.25rising

Trend Reference TWD 44.32+3.8% close margin

Current Fair Value TWD 42.12+9.2% close margin

Structural low TWD 39.97shock / 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 +3.0%

Annualized volatility +16.8%

From structural high -6.7%

From structural low +17.8%

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	11	+0.7%-7.4% to +20.7%	+54.5%	+54.5%	-1.0%	+54.5%	Usable descriptive sample
Intermediate	5	+6.3%-12.8% to +10.5%	+60.0%	+60.0%	+3.5%	+20.0%	Usable descriptive sample
Extended	4	-0.7%-16.4% to +19.8%	+50.0%	+50.0%	-1.5%	+25.0%	Too little matched history
Full cycle	3	+3.1%+1.3% to +23.7%	+100.0%	+100.0%	-6.3%	+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.

4120 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