Weekly structural research · TAI · Industrials

2615 Stage Analysis

Wan Hai Lines Ltd.

Week ending 25 Sep 2026Close TWD 115.50Tenure DevelopingBenchmark ^TWII

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Upward Expansion · Re-accelerating

The weekly architecture is expanding upward.

Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing.

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

Direction 66−100 bearish to +100 bullish

Energy 65/100directional strength

Maturity 46/100lifecycle context

Confidence 74/100evidence agreement

Trend gate Upstructural direction

Activity structure Widecontracting separation

Price acceptance +66.7%position within the Activity structure

Fair Value context +58.4%TWD 72.93 · 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
2026-09-25	115.50	85.78	5.40	38819928	Upward Expansion	66	65
2026-09-18	120.50	84.38	11.31	95381389	Upward Expansion	78	72
2026-09-11	112.00	82.77	5.27	108534653	Upward Expansion	68	88
2026-09-04	115.00	81.41	6.52	118918443	Upward Expansion	81	93
2026-08-28	111.50	79.94	3.06	326376289	Upward Expansion	85	94
2026-08-21	124.50	78.66	16.93	86359217	Upward Expansion	99	98
2026-08-14	90.60	76.99	-16.51	27553189	Upward Expansion	83	82
2026-08-07	84.90	76.51	-20.00	3820606	Upward Expansion	67	69
2026-07-31	84.70	76.24	-19.29	9363420	Upward Expansion	66	66
2026-07-24	87.00	75.98	-19.28	22422158	Deceleration	77	63
2026-07-17	79.50	75.59	-25.58	8186896	Deceleration	42	22
2026-07-10	80.40	75.45	-30.21	0	Upward Expansion	47	22
2026-07-03	79.80	75.33	-33.88	45596035	Upward Expansion	47	25
2026-06-26	73.92	75.26	-36.76	35478555	Upward Expansion	43	33
2026-06-19	77.49	75.35	-37.58	44861328	Upward Expansion	58	65
2026-06-12	81.92	75.42	-31.84	58297667	Balance	68	75
2026-06-05	82.98	75.34	-33.52	75402266	Balance	45	59
2026-05-29	79.03	75.22	-37.45	54519945	Balance	18	22
2026-05-22	81.25	75.06	-33.60	94870096	Balance	22	14
2026-05-15	71.51	74.92	-41.09	41642729	Downward Expansion	-54	37
2026-05-08	73.73	74.92	-40.71	35681197	Downward Expansion	-47	37
2026-05-01	71.90	74.83	-38.97	20985261	Downward Expansion	-53	41
2026-04-24	71.51	74.81	-40.07	37045706	Downward Expansion	-53	32
2026-04-17	72.57	75.05	-36.52	43770804	Downward Expansion	-38	20
2026-04-10	74.31	75.20	-33.10	33781338	Downward Expansion	-16	7
2026-04-03	75.17	75.36	-27.10	48565083	Downward Expansion	-21	11
2026-03-27	72.38	75.52	-31.46	36418503	Downward Expansion	-33	18
2026-03-20	76.14	75.81	-29.43	85741788	Downward Expansion	-17	16
2026-03-13	75.85	76.11	-29.91	143471727	Downward Expansion	-25	14
2026-03-06	75.75	76.44	-30.97	317748048	Downward Expansion	-35	21
2026-02-27	73.63	76.82	-36.76	30580676	Downward Expansion	-59	62
2026-02-13	72.28	77.30	-35.04	9876052	Downward Expansion	-62	67
2026-02-06	71.22	77.85	-32.77	22032360	Downward Expansion	-67	67
2026-01-30	70.84	78.33	-34.00	35736573	Downward Expansion	-70	60
2026-01-23	72.96	78.87	-32.11	35765387	Downward Expansion	-60	35
2026-01-16	74.40	79.39	-29.87	32518605	Downward Expansion	-53	26
2026-01-09	76.33	80.00	-25.77	37743744	Downward Expansion	-36	19
2026-01-02	76.72	80.58	-23.40	20870733	Downward Expansion	-36	22
2025-12-26	76.91	81.17	-21.35	28315416	Downward Expansion	-39	24
2025-12-19	75.17	81.95	-21.05	56209233	Downward Expansion	-43	26
2025-12-12	75.37	83.36	-22.52	32818772	Downward Expansion	-43	25
2025-12-05	76.81	84.28	-20.73	47812092	Downward Expansion	-27	15
2025-11-28	77.68	84.41	-19.13	116496651	Downward Expansion	-31	18
2025-11-21	76.81	84.39	-16.88	202889043	Downward Expansion	-31	23
2025-11-14	79.51	84.38	-17.34	107838373	Downward Expansion	-32	23
2025-11-07	79.61	84.30	-18.35	67406559	Downward Expansion	-37	25
2025-10-31	79.13	83.94	-20.94	139523609	Downward Expansion	-46	36
2025-10-24	74.21	83.89	-24.23	53552146	Downward Expansion	-63	57
2025-10-17	77.29	83.96	-20.71	140991164	Downward Expansion	-67	78
2025-10-10	71.51	84.05	-26.85	12006084	Downward Expansion	-76	90
2025-10-03	70.84	84.23	-26.51	16154178	Rotation Down	-85	93
2025-09-26	71.51	84.59	-23.09	34457555	Rotation Down	-62	80
2025-09-19	78.55	84.80	-15.79	21831471	Rotation Down	-40	68
2025-09-12	77.10	84.79	-17.14	24849272	Rotation Down	-51	71
2025-09-05	79.22	84.77	-11.62	27974871	Rotation Down	-37	60
2025-08-29	79.80	84.45	-10.12	40869184	Deceleration	-34	52
2025-08-22	81.05	84.15	-6.93	58831437	Deceleration	-10	29
2025-08-15	85.29	83.82	-4.33	42283130	Deceleration	4	9
2025-08-08	85.78	83.48	-2.45	27294544	Deceleration	8	8
2025-08-01	86.93	83.25	1.42	30171286	Deceleration	13	11
2025-07-25	88.28	82.86	3.63	46797166	Deceleration	24	17
2025-07-18	88.57	82.46	4.38	55587405	Deceleration	25	21
2025-07-11	85.78	82.06	4.34	38628138	Deceleration	27	22
2025-07-04	86.84	81.80	6.85	57377448	Deceleration	32	21
2025-06-27	88.67	81.47	9.11	56457329	Deceleration	37	21
2025-06-20	92.63	81.42	16.90	69745122	Upward Expansion	54	36
2025-06-13	93.84	81.13	18.52	127782553	Upward Expansion	61	65
2025-06-06	94.30	80.91	21.52	248329857	Upward Expansion	65	79
2025-05-30	100.34	80.68	31.85	426244809	Upward Expansion	65	81
2025-05-23	117.53	80.03	53.53	540346204	Rotation Up	94	91
2025-05-16	103.13	78.75	35.33	376090088	Rotation Up	59	64
2025-05-09	80.46	77.88	11.44	60501009	Balance	-2	6
2025-05-02	77.21	77.97	8.58	31520781	Balance	-29	16
2025-04-25	76.37	78.72	13.32	93183175	Balance	-32	19
2025-04-18	77.30	78.69	18.75	206324888	Balance	-31	20
2025-04-11	68.66	78.56	5.97	50111399	Balance	-52	28
2025-04-04	77.67	78.70	10.92	24312964	Balance	-13	7
2025-03-28	76.37	78.68	8.58	28575294	Balance	-11	13
2025-03-21	80.00	78.59	11.61	98887575	Balance	18	21
2025-03-14	76.74	78.43	9.19	83296889	Balance	-0	15
2025-03-07	81.67	78.26	13.92	50649187	Balance	13	22
2025-02-28	78.04	78.01	7.40	48407887	Rotation Down	-31	17
2025-02-21	78.04	77.69	4.97	51065204	Rotation Down	-40	26
2025-02-14	76.46	77.29	6.04	65831716	Rotation Down	-31	44
2025-02-07	69.78	77.11	-4.05	45808103	Rotation Down	-42	56
2025-01-24	70.70	77.38	-2.64	23320867	Rotation Down	-41	44
2025-01-17	71.17	77.77	-0.10	48628634	Balance	-33	40
2025-01-10	75.16	78.25	6.42	63726936	Balance	-22	32
2025-01-03	78.69	78.62	12.30	50926009	Balance	-17	30
2024-12-27	75.26	78.92	5.98	40239184	Balance	-20	32
2024-12-20	76.46	78.84	11.64	68780802	Balance	-15	19
2024-12-13	76.37	78.57	9.23	128877579	Upward Expansion	15	14
2024-12-06	78.04	78.15	11.29	70128375	Upward Expansion	25	12
2024-11-29	77.12	77.49	15.06	148713031	Upward Expansion	30	20
2024-11-22	86.96	76.42	26.86	257576667	Upward Expansion	58	44
2024-11-15	84.08	74.99	24.65	194159057	Upward Expansion	53	36
2024-11-08	87.06	73.50	25.58	334317595	Deceleration	61	37
2024-11-01	87.52	71.97	31.61	136006048	Deceleration	63	32
2024-10-25	80.74	70.38	19.40	110224831	Upward Expansion	48	26
2024-10-18	79.25	69.04	17.20	121230792	Upward Expansion	55	48
2024-10-11	77.12	67.77	17.65	124588969	Upward Expansion	56	56
2024-10-04	82.97	66.61	30.82	200236204	Upward Expansion	59	64
2024-09-27	99.88	65.33	55.08	490437341	Upward Expansion	88	76
2024-09-20	75.35	63.52	21.89	48459985	Upward Expansion	44	29
2024-09-13	73.58	62.51	21.76	70872073	Upward Expansion	40	28
2024-09-06	72.66	61.50	22.60	72505700	Upward Expansion	41	30
2024-08-30	77.02	60.53	25.84	104165048	Deceleration	47	32
2024-08-23	73.86	59.43	22.13	70851200	Deceleration	49	30
2024-08-16	75.07	58.48	23.76	202056562	Deceleration	41	24
2024-08-09	71.73	57.53	23.57	281056869	Deceleration	33	22
2024-08-02	74.05	56.74	27.08	122895473	Deceleration	33	26
2024-07-26	68.66	56.03	15.79	70107970	Deceleration	36	28
2024-07-19	66.06	55.41	8.04	124988449	Upward Expansion	43	31
2024-07-12	70.98	55.04	11.13	174324084	Upward Expansion	52	49
2024-07-05	77.77	54.21	23.89	189241414	Upward Expansion	66	65
2024-06-28	82.32	53.18	34.32	226069774	Upward Expansion	68	68
2024-06-21	85.76	51.91	39.26	405825473	Upward Expansion	76	82
2024-06-14	86.22	50.44	45.48	324922406	Upward Expansion	87	95
2024-06-07	87.76	49.00	53.37	479520721	Upward Expansion	97	99
2024-05-31	72.71	47.44	32.10	122532433	Upward Expansion	93	97
2024-05-24	68.33	46.47	22.38	52076961	Upward Expansion	94	98
2024-05-17	63.86	45.57	16.18	577921579	Rotation Up	93	85
2024-05-10	58.21	44.81	8.62	221407367	Rotation Up	57	49
2024-05-03	45.07	44.22	-14.57	91579092	Downward Expansion	-25	16
2024-04-26	44.11	44.14	-16.12	64022419	Downward Expansion	-54	40
2024-04-19	39.46	44.14	-23.41	39512453	Downward Expansion	-73	80
2024-04-12	41.05	44.33	-25.75	27444534	Downward Expansion	-65	76
2024-04-05	39.82	44.50	-27.45	12768461	Rotation Down	-74	76
2024-03-29	40.37	44.58	-27.17	19696409	Rotation Down	-44	57
2024-03-22	41.33	44.60	-26.04	37686791	Balance	-30	35
2024-03-15	42.38	44.62	-22.95	58049478	Balance	-23	16
2024-03-08	44.38	44.74	-20.58	34492252	Balance	-13	12
2024-03-01	45.52	44.80	-16.04	48565686	Balance	-13	15
2024-02-23	45.30	44.85	-17.33	31192279	Balance	-15	21
2024-02-16	43.15	44.92	-21.03	11583712	Balance	-12	24
2024-02-09	43.56	45.03	-18.90	3513005	Balance	-7	21
2024-02-02	43.97	45.11	-18.83	24377335	Rotation Up	17	20
2024-01-26	45.39	45.37	-16.89	30842937	Rotation Up	37	21
2024-01-19	46.71	45.50	-13.82	50873828	Rotation Up	57	39
2024-01-12	47.90	45.62	-11.64	98060968	Rotation Up	37	61
2024-01-05	52.82	45.76	-3.66	141592863	Rotation Up	51	74
2023-12-29	50.18	45.72	-11.52	122646733	Rotation Up	40	66
2023-12-22	54.83	45.67	-2.80	331178946	Rotation Up	53	67
2023-12-15	46.16	45.48	-19.21	96332275	Balance	4	19
2023-12-08	46.62	45.62	-17.72	80340270	Downward Expansion	5	13
2023-12-01	44.38	45.71	-22.58	35555500	Downward Expansion	-32	20
2023-11-24	41.51	45.89	-27.68	21365717	Downward Expansion	-48	30
2023-11-17	43.11	46.31	-25.30	40291070	Downward Expansion	-52	32
2023-11-10	41.05	46.68	-27.40	20609470	Downward Expansion	-63	44
2023-11-03	43.52	47.26	-23.01	26492789	Downward Expansion	-59	52
2023-10-27	41.51	47.74	-25.63	12256319	Downward Expansion	-62	68
2023-10-20	40.96	48.27	-28.68	23445724	Downward Expansion	-69	66
2023-10-13	40.37	48.86	-31.85	20116512	Downward Expansion	-77	51
2023-10-06	42.83	49.44	-27.36	24635922	Downward Expansion	-52	31
2023-09-29	44.06	50.21	-25.14	15566590	Downward Expansion	-46	30
2023-09-22	45.16	51.00	-23.94	39265691	Downward Expansion	-58	42

Price vs TrendAbove+34.7%

Trend directionRising+13.5%

Price vs current Fair ValuePremium+58.4%

Fair Value directionClosing upward+50.5%

Relative Strength vs benchmarkLeading+5.4%

Relative strength directionImproving+42.2%

Price momentumPositive+59.6%

Volume balanceSupply-led0.81×

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

66 / ±100

-19.5 points since 2026-08-28

Energy

65 /100

-28.6 points since 2026-08-28

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

2615 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance8

Rotation Up71

Upward Expansion85

Deceleration64

Rotation Down13

Downward Expansion12

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

2023-09-22 to 2026-09-25 · 156 classified observations out of 156 shown.

Balance 17%Rotation Up 7%Upward Expansion 25%Deceleration 13%Rotation Down 8%Downward Expansion 30%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Upward Expansion	2026-07-31	2026-09-25	Developing	+36.4%
Deceleration	2026-07-17	2026-07-24	New	+9.4%
Upward Expansion	2026-06-19	2026-07-10	New	+3.8%
Balance	2026-05-22	2026-06-12	New	+0.8%
Downward Expansion	2025-10-10	2026-05-15	Extended	+0.0%
Rotation Down	2025-09-05	2025-10-03	Developing	-10.6%
Deceleration	2025-06-27	2025-08-29	Developing	-10.0%
Upward Expansion	2025-05-30	2025-06-20	New	-7.7%
Rotation Up	2025-05-16	2025-05-23	New	+14.0%
Balance	2025-03-07	2025-05-09	Developing	-1.5%
Rotation Down	2025-01-24	2025-02-28	Developing	+10.4%
Balance	2024-12-20	2025-01-17	Developing	-6.9%
Upward Expansion	2024-11-15	2024-12-13	Developing	-9.2%
Deceleration	2024-11-01	2024-11-08	New	-0.5%

Classic Stage Analysis comparison

Stage 1 · Basing26

Stage 2 · Advancing100

Stage 3 · Distribution44

Stage 4 · Declining0

Legacy result: Stage 2 · Stage 2C · Late advance. 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

Leading benchmark

Architecture confirmation: 66/100
Current Relative Strength: 5.40
Relative Strength direction: Improving
Price momentum: +59.6%
Excess performance vs benchmark: +14.5%
Industrials regime cohort: 48th percentile80 in cohort

Test 2615 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.60×

Latest completed volume relative to typical participation.

Up/down volume0.81×

Participation balance between advancing and declining observations.

Accumulation / distribution3 / 2

Recent participation evidence classified by demand and supply.

Activity alignment+100.0%

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 2615 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity TWD 115.80rising

Slow Activity TWD 93.10rising

Trend Reference TWD 85.78+34.7% close margin

Current Fair Value TWD 72.93+58.4% close margin

Structural low TWD 70.84shock / repair context

What changes the read?

Sustained fan recompression, a fast-line rollover or repeated closes inside/below the fan move the read toward Deceleration or Rotation Down.

Range context +8.8%

Annualized volatility +56.8%

From structural high -14.1%

From structural low +64.2%

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	12	+3.1%-24.8% to +31.6%	+58.3%	+58.3%	+1.6%	+50.0%	Usable descriptive sample
Intermediate	6	+2.9%-37.8% to +55.5%	+50.0%	+50.0%	+1.4%	+33.3%	Usable descriptive sample
Extended	4	-3.6%-32.9% to +27.3%	+50.0%	+50.0%	-7.4%	+50.0%	Too little matched history
Full cycle	3	-17.3%-47.8% to +46.8%	+33.3%	+33.3%	-31.4%	+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.

2615 Stage Analysis

What the Activity Line geometry says now

The weekly architecture is expanding upward.

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

Leading 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 upward.

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 ?

Leading 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