Weekly structural research · TWO · Communication Services

8446 Stage Analysis

HIM International Music Inc.

Week ending 9 Oct 2026Close TWD 86.40Tenure NewBenchmark ^TWII

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Downward Expansion · Early 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: compressed and contracting.

Direction -38−100 bearish to +100 bullish

Energy 24/100directional strength

Maturity 7/100lifecycle context

Confidence 91/100evidence agreement

Trend gate Downstructural direction

Activity structure Compressedcontracting separation

Price acceptance -33.3%position within the Activity structure

Fair Value context -4.8%TWD 90.71 · 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
2026-10-09	86.40	86.52	-28.06	152016	Downward Expansion	-38	24
2026-10-02	84.50	86.61	-29.33	98210	Downward Expansion	-59	48
2026-09-25	84.70	86.74	-29.48	55577	Balance	-56	34
2026-09-18	84.70	86.82	-29.20	182052	Balance	-56	29
2026-09-11	86.00	86.88	-27.55	225436	Balance	-36	20
2026-09-04	85.70	86.89	-29.39	24000	Balance	-47	24
2026-08-28	85.40	86.91	-30.33	28000	Balance	-49	32
2026-08-21	85.20	86.97	-29.84	42000	Balance	-52	42
2026-08-14	85.60	87.05	-31.39	27000	Balance	-49	39
2026-08-07	85.10	87.13	-30.35	42005	Balance	-52	44
2026-07-31	84.60	87.30	-29.92	90000	Balance	-56	35
2026-07-24	86.90	87.42	-29.79	22030	Balance	-30	15
2026-07-17	85.60	87.47	-30.08	85010	Balance	-44	19
2026-07-10	85.50	87.53	-35.09	418051	Balance	-33	15
2026-07-03	88.50	87.60	-35.71	348386	Balance	6	14
2026-06-26	86.90	87.60	-34.56	291150	Balance	-22	18
2026-06-19	87.90	87.60	-37.33	273254	Balance	-20	17
2026-06-12	88.60	87.63	-34.46	1488260	Downward Expansion	-23	13
2026-06-05	86.40	87.59	-38.21	585505	Downward Expansion	-53	33
2026-05-29	85.80	87.58	-39.08	632776	Downward Expansion	-59	57
2026-05-22	84.80	87.62	-37.18	377918	Downward Expansion	-63	73
2026-05-15	84.00	87.68	-36.97	568778	Rotation Down	-68	66
2026-05-08	83.70	87.84	-38.77	1053926	Rotation Down	-47	46
2026-05-01	84.40	88.06	-34.87	595617	Rotation Down	-25	29
2026-04-24	84.70	88.25	-35.51	1524233	Rotation Down	3	8
2026-04-17	90.50	88.47	-28.16	1890520	Upward Expansion	59	62
2026-04-10	90.36	88.51	-26.38	805500	Rotation Up	61	70
2026-04-03	90.18	88.59	-20.99	498061	Rotation Up	34	59
2026-03-27	91.93	88.68	-21.50	788170	Rotation Up	51	56
2026-03-20	91.01	88.71	-23.99	736663	Balance	35	32
2026-03-13	89.26	88.82	-25.86	812570	Balance	-9	10
2026-03-06	88.34	88.97	-27.78	414339	Downward Expansion	-41	25
2026-02-27	86.96	89.03	-33.18	300003	Downward Expansion	-57	58
2026-02-13	86.69	89.11	-30.45	112453	Downward Expansion	-58	61
2026-02-06	86.14	89.13	-27.57	256162	Downward Expansion	-64	61
2026-01-30	86.23	89.18	-28.70	430522	Balance	-62	48
2026-01-23	87.42	89.22	-28.04	438585	Balance	-40	19
2026-01-16	87.33	89.17	-27.42	483119	Balance	-31	15
2026-01-09	88.25	89.18	-24.53	547148	Balance	-20	14
2026-01-02	90.00	89.24	-21.13	239040	Downward Expansion	-18	12
2025-12-26	88.25	89.27	-21.00	191020	Downward Expansion	-38	21
2025-12-19	88.34	89.38	-19.05	180685	Downward Expansion	-39	22
2025-12-12	87.51	89.52	-21.74	332059	Downward Expansion	-43	28
2025-12-05	87.51	89.71	-21.70	235293	Downward Expansion	-43	24
2025-11-28	88.53	89.98	-20.38	231552	Downward Expansion	-42	25
2025-11-21	86.87	89.98	-18.91	313741	Downward Expansion	-64	43
2025-11-14	88.99	90.05	-20.45	406927	Downward Expansion	-59	54
2025-11-07	87.33	90.16	-23.11	491771	Downward Expansion	-64	72
2025-10-31	85.95	90.29	-26.34	411367	Downward Expansion	-76	77
2025-10-24	87.24	90.66	-23.78	169135	Downward Expansion	-67	67
2025-10-17	86.50	90.96	-24.15	1103529	Balance	-74	60
2025-10-10	88.71	91.40	-22.61	244220	Balance	-51	35
2025-10-03	90.36	91.76	-20.06	143266	Balance	-37	25
2025-09-26	90.18	92.17	-16.98	341761	Balance	-32	19
2025-09-19	91.28	92.56	-16.30	158151	Balance	-17	12
2025-09-12	91.65	92.85	-15.98	321002	Balance	-4	13
2025-09-05	92.85	93.10	-11.83	336562	Balance	-0	20
2025-08-29	92.85	93.36	-11.16	389553	Balance	1	25
2025-08-22	92.85	93.56	-9.63	378583	Balance	-1	24
2025-08-15	94.23	93.79	-10.62	1376402	Downward Expansion	8	23
2025-08-08	93.77	93.95	-10.14	1304366	Downward Expansion	-13	16
2025-08-01	90.27	94.14	-11.58	702987	Downward Expansion	-41	28
2025-07-25	89.17	94.48	-12.57	342100	Downward Expansion	-57	42
2025-07-18	87.42	94.94	-14.46	175303	Downward Expansion	-61	61
2025-07-11	87.51	95.49	-12.04	364353	Downward Expansion	-63	68
2025-07-04	87.51	96.12	-11.27	363384	Downward Expansion	-64	63
2025-06-27	85.86	96.68	-13.08	567984	Downward Expansion	-75	66
2025-06-20	87.79	97.38	-9.02	694692	Downward Expansion	-69	51
2025-06-13	89.90	98.15	-6.95	497625	Downward Expansion	-63	41
2025-06-06	90.82	98.70	-4.25	322275	Downward Expansion	-51	33
2025-05-30	91.65	99.08	-1.97	422361	Downward Expansion	-47	28
2025-05-23	92.39	99.36	-2.53	793382	Downward Expansion	-57	37
2025-05-16	93.31	99.58	-2.38	916379	Downward Expansion	-59	45
2025-05-09	95.60	99.75	4.40	1581489	Downward Expansion	-63	54
2025-05-02	88.43	99.95	-2.67	502108	Downward Expansion	-79	87
2025-04-25	88.99	100.45	2.45	973722	Downward Expansion	-83	86
2025-04-18	92.39	100.77	9.05	1458766	Downward Expansion	-76	80
2025-04-11	91.14	100.97	7.12	2000551	Downward Expansion	-83	78
2025-04-04	97.11	101.14	4.84	488401	Downward Expansion	-63	62
2025-03-28	96.25	101.22	2.59	691870	Balance	-68	46
2025-03-21	99.66	101.27	3.39	412701	Balance	-11	9
2025-03-14	99.66	101.19	4.58	893648	Balance	-9	10
2025-03-07	102.64	101.08	4.82	703207	Balance	6	9
2025-02-28	101.79	100.95	1.73	516434	Balance	-7	7
2025-02-21	100.09	100.73	-2.95	305432	Rotation Down	-17	17
2025-02-14	99.24	100.51	-1.54	555260	Rotation Down	-21	23
2025-02-07	100.51	100.30	-1.91	472919	Rotation Down	-19	30
2025-01-24	98.81	100.00	-3.97	120000	Deceleration	-25	34
2025-01-17	99.66	99.72	-1.83	428000	Deceleration	-1	21
2025-01-10	99.24	99.42	-1.95	493000	Deceleration	-3	20
2025-01-03	99.24	99.12	-1.86	388000	Deceleration	8	17
2024-12-27	100.51	98.85	-2.55	895000	Deceleration	26	17
2024-12-20	103.07	98.48	3.12	586000	Upward Expansion	40	24
2024-12-13	103.92	98.04	1.55	547000	Upward Expansion	55	38
2024-12-06	106.48	97.55	3.13	589000	Upward Expansion	62	60
2024-11-29	104.35	97.03	5.07	840000	Upward Expansion	64	71
2024-11-22	106.90	96.40	4.53	766083	Upward Expansion	66	77
2024-11-15	110.73	95.67	8.97	1693000	Upward Expansion	85	81
2024-11-08	106.48	94.81	1.21	1646000	Upward Expansion	77	56
2024-11-01	102.22	94.14	0.30	519000	Upward Expansion	62	35
2024-10-25	100.09	93.62	-4.31	797000	Upward Expansion	54	32
2024-10-18	98.81	93.17	-6.28	572000	Upward Expansion	56	39
2024-10-11	98.38	92.78	-4.50	972000	Upward Expansion	57	41
2024-10-04	101.79	92.37	1.21	521000	Upward Expansion	66	48
2024-09-27	103.49	91.94	0.33	2278000	Upward Expansion	76	49
2024-09-20	98.38	91.47	-1.96	600000	Upward Expansion	60	42
2024-09-13	98.38	91.14	-0.39	663000	Upward Expansion	62	44
2024-09-06	96.25	90.71	-1.22	723000	Upward Expansion	61	46
2024-08-30	99.66	90.44	-1.71	825000	Upward Expansion	73	55
2024-08-23	97.53	89.99	-3.51	771000	Upward Expansion	67	62
2024-08-16	97.53	89.64	-4.55	1246000	Upward Expansion	70	72
2024-08-09	96.25	89.29	-2.20	2159000	Upward Expansion	67	72
2024-08-02	98.81	89.09	-0.70	2263000	Upward Expansion	83	79
2024-07-26	94.98	88.85	-6.76	759000	Upward Expansion	74	68
2024-07-19	93.70	88.54	-11.21	2167000	Upward Expansion	70	55
2024-07-12	92.85	88.26	-16.17	1595000	Upward Expansion	70	51
2024-07-05	91.57	88.02	-16.48	562000	Upward Expansion	64	42
2024-06-28	90.29	87.91	-16.29	450000	Upward Expansion	58	46
2024-06-21	90.72	87.75	-17.18	481000	Upward Expansion	62	54
2024-06-14	90.29	87.50	-15.38	573000	Upward Expansion	61	60
2024-06-07	91.14	87.24	-12.68	910000	Upward Expansion	65	63
2024-05-31	89.44	86.93	-12.38	640000	Upward Expansion	54	50
2024-05-24	89.87	86.59	-13.91	602000	Balance	56	44
2024-05-17	89.01	86.15	-13.89	648000	Balance	39	24
2024-05-10	91.14	85.76	-9.99	2108000	Balance	47	19
2024-05-03	85.18	85.45	-14.64	753000	Balance	-17	27
2024-04-26	85.18	85.41	-13.94	2199000	Balance	2	19
2024-04-19	84.87	85.29	-11.79	1475000	Balance	-1	11
2024-04-12	86.48	85.19	-15.43	772000	Balance	15	11
2024-04-05	86.48	85.05	-13.84	386000	Balance	19	13
2024-03-29	86.48	84.86	-13.73	610000	Balance	24	11
2024-03-22	87.29	84.70	-12.64	578000	Upward Expansion	46	24
2024-03-15	86.08	84.52	-11.43	1844000	Upward Expansion	50	29
2024-03-08	88.90	84.37	-8.98	1472000	Upward Expansion	55	33
2024-03-01	89.30	84.30	-4.40	745000	Deceleration	58	32
2024-02-23	88.49	84.09	-4.85	819000	Deceleration	42	21
2024-02-16	85.68	83.89	-6.33	775000	Deceleration	35	18
2024-02-09	88.09	83.83	-0.84	274000	Deceleration	43	24
2024-02-02	86.08	83.85	-2.63	685000	Upward Expansion	42	27
2024-01-26	86.88	83.97	-1.09	590000	Upward Expansion	56	49
2024-01-19	87.29	84.09	1.39	1186190	Rotation Up	57	54
2024-01-12	90.10	84.33	5.97	4932000	Rotation Up	40	49
2024-01-05	91.71	84.65	8.12	3510000	Rotation Up	52	51
2023-12-29	85.68	85.28	-0.97	605000	Rotation Up	20	38
2023-12-22	85.28	85.35	0.57	700000	Rotation Up	21	40
2023-12-15	85.68	85.43	0.78	1449000	Rotation Up	20	38
2023-12-08	88.09	85.59	5.58	1636000	Downward Expansion	18	31
2023-12-01	85.68	85.43	2.69	2270000	Downward Expansion	5	19
2023-11-24	83.26	85.05	1.04	749000	Downward Expansion	-30	20
2023-11-17	82.46	84.70	0.91	537000	Downward Expansion	-51	33
2023-11-10	81.65	84.31	3.40	1132000	Downward Expansion	-56	57
2023-11-03	79.24	83.92	1.69	360000	Downward Expansion	-59	62
2023-10-27	76.91	83.63	1.19	433000	Downward Expansion	-43	51
2023-10-20	77.31	83.32	0.01	1314000	Deceleration	-43	34
2023-10-13	81.65	82.99	3.67	605000	Deceleration	-16	12
2023-10-06	84.07	82.48	8.77	976000	Deceleration	-13	11

Price vs TrendBelow-0.1%

Trend directionFalling-0.9%

Price vs current Fair ValueBelow anchor-4.8%

Fair Value directionClosing upward+0.8%

Relative Strength vs benchmarkLagging-28.1%

Relative strength directionImproving+7.0%

Price momentumNegative-4.4%

Volume balanceDemand-led1.47×

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

-38 / ±100

-1.1 points since 2026-09-11

Energy

24 /100

+3.5 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.

8446 Directional State ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance43

Rotation Up23

Upward Expansion4

Deceleration48

Rotation Down43

Downward Expansion73

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 28%Rotation Up 6%Upward Expansion 23%Deceleration 8%Rotation Down 5%Downward Expansion 31%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Downward Expansion	2026-10-02	2026-10-09	New	+2.2%
Balance	2026-06-19	2026-09-25	Established	-3.6%
Downward Expansion	2026-05-22	2026-06-12	New	+4.5%
Rotation Down	2026-04-24	2026-05-15	New	-0.8%
Upward Expansion	2026-04-17	2026-04-17	New	+0.0%
Rotation Up	2026-03-27	2026-04-10	New	-1.7%
Balance	2026-03-13	2026-03-20	New	+2.0%
Downward Expansion	2026-02-06	2026-03-06	New	+2.6%
Balance	2026-01-09	2026-01-30	New	-2.3%
Downward Expansion	2025-10-24	2026-01-02	Developing	+3.2%
Balance	2025-08-22	2025-10-17	Developing	-6.8%
Downward Expansion	2025-04-04	2025-08-15	Established	-3.0%
Balance	2025-02-28	2025-03-28	Developing	-5.4%
Rotation Down	2025-02-07	2025-02-21	New	-0.4%

Classic Stage Analysis comparison

Stage 1 · Basing80

Stage 2 · Advancing29

Stage 3 · Distribution45

Stage 4 · Declining71

Legacy result: Stage 4 · Stage 4C · Repair 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: 77/100
Current Relative Strength: -28.06
Relative Strength direction: Improving
Price momentum: -4.4%
Excess performance vs benchmark: -43.6%
Communication Services regime cohort: 32th percentile25 in cohort

Test 8446 trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume0.59×

Latest completed volume relative to typical participation.

Up/down volume1.47×

Participation balance between advancing and declining observations.

Accumulation / distribution0 / 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+25.0%

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 8446 Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity TWD 85.30falling

Slow Activity TWD 85.83falling

Trend Reference TWD 86.52-0.1% close margin

Current Fair Value TWD 90.71-4.8% close margin

Structural low TWD 82.00shock / 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 +1.6%

Annualized volatility +13.3%

From structural high -9.1%

From structural low +5.4%

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	22	-0.0%-9.1% to +8.3%	+50.0%	+50.0%	+0.8%	+68.2%	Usable descriptive sample
Intermediate	10	-0.7%-12.2% to +13.0%	+50.0%	+50.0%	-9.0%	+30.0%	Usable descriptive sample
Extended	5	-3.3%-11.5% to +10.8%	+20.0%	+80.0%	-13.9%	+0.0%	Usable descriptive sample
Full cycle	4	+11.6%-15.9% to +48.7%	+50.0%	+50.0%	-7.0%	+25.0%	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.

8446 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