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TWO · Equity · completed-week research

5863 Technicals

Taipei Star Bank

Financial Services Banks - Regional

Week ending14 August 2026
+1.3%
Open
11.40
High
11.45
Low
11.15
Close
11.35 TWD
Price-technical state Rotational Price structure only · 260 completed observations · through 2026-08-14
Price structureRotationalcompleted-week alignment
Momentum53.1Positive
Risk pressure5.9%Elevated
Trend quality10.1Range-led

Market Dynamics

What is happening beneath the price?

Price shows the result. Market Dynamics shows whether the underlying support is strengthening or weakening.

Market Dynamics Report
Underlying strength ahead of price

Market Dynamics is improving before price has fully responded

Market Dynamics strengthened this week and remains positive. Underlying support has strengthened across the recent completed path. Price has not yet responded to the same extent.

What it means

Treat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.

Current tape relationshipUnderlying strength ahead of price

Market Dynamics strengthened this week and remains positive.

Price locationBetween zones

Price is travelling between the two major positioning zones.

Latest positioning markerNone in view

Entering the lower zone alone does not create a positioning confirmation.

Market Dynamics confirmationLeading price

Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required.

Chart readingPrice is between the outer positioning zones. The Market Dynamics bars show whether underlying support is strengthening or weakening.

Weekly close Supportive Market Dynamics Cautious Market Dynamics Accumulation zone Distribution zone Positioning recovery Distribution rollover Price / pressure gap

What it means for 5863

The current reading in four steps

A positive price response is needed before the early upside case is confirmed.

1
NowStronger this week

Market Dynamics strengthened this week and remains positive.

2
Recent directionStrengthened over four weeks

Underlying support has strengthened across the recent completed path.

3
Price responsePrice is lagging the underlying strength

Market Dynamics has advanced further through its recent range than price. This is positive divergence and an early-upside watch, but price confirmation is still required.

4
Previous cases66.7% moved higher

After 12 weeks across 27 cases. Average move: 3.6%.

What strengthens this viewTreat the gap as an early-upside opportunity watch. A continued positive price response would confirm that price is catching up with the stronger foundation.What would change itReassess the reading when either price structure or the Market Dynamics state changes materially.

What happened before

How this ticker behaved in similar conditions

Zone visits are counted once and followed through completed weekly closes. Open cases remain separate.

Price relationship Meaningful relationship
Same-week correlation
0.37
Direction agreed
46.1%
Completed comparisons
243
After accumulation1 distinct visit
4 weeks100.0% higher1 outcome 12 weeks100.0% higher1 outcome 26 weeks100.0% higher1 outcome

Average time before leaving the zone: 5.0 weeks.

After distribution4 distinct visits
4 weeks75.0% lower4 outcomes 12 weeks75.0% lower4 outcomes 26 weeks100.0% lower4 outcomes

Average time before leaving the zone: 2.2 weeks.

When the two readings agreed or differed

What usually happened next

These cases compare price direction with Market Dynamics and show how large disagreements were resolved.

Price higher · Market Dynamics positive 50.0% were higher

Average 12-week move: 1.7% from 30 completed cases.

Price lower · Market Dynamics negative 63.0% were lower

Average 12-week move: -1.7% from 27 completed cases.

Price higher · Market Dynamics cautious Average pullback 5.0%

82.6% were lower after 12 weeks. The deepest pullback arrived after 7.4 weeks on average.

Price cautious · Market Dynamics positive Average recovery 5.8%

66.7% were higher after 12 weeks. The strongest recovery arrived after 7.0 weeks on average.

How to use the reading

Strategy observations from this ticker's own record

The current reading identifies the setup. The observations below show how this ticker's completed history can guide positioning, confirmation and risk control without treating any one reading as a forecast.

Early repair watch
Prepare the case before price confirms the recovery

In this ticker's completed record, 66.7% of comparable cases moved higher after 12 weeks, with an average move of 3.6% across 27 cases.

ApproachUse the improvement to move the ticker onto a watchlist or define an entry trigger. Commitment should rise only after price responds; fading Market Dynamics cancels the early case.

Review the case whenReassess the reading when either price structure or the Market Dynamics state changes materially.

Zone positioning
Use distribution to protect capital before considering the short case

After distribution, 75.0% of completed 12-week outcomes were lower across 4 cases. Distinct visits lasted 2.2 weeks on average before leaving the zone.

ApproachReview long exposure and define the evidence that would confirm a rollover. Short exposure should begin only after price weakens and the loss limit is known.

Review the case whenA sustained repair in price and Market Dynamics invalidates the downside setup.

Disagreement playbook
Use improving Market Dynamics to prepare, not anticipate

Comparable disagreements produced an average recovery of 5.8% across 27 completed cases, with the largest move arriving after 7.0 weeks on average.

ApproachDefine the price level that would confirm the repair. Until that response occurs, keep the idea at watchlist or starter-position size.

Review the case whenThe early repair fails if Market Dynamics fades before price responds.

Historical outcomes describe this ticker's completed record. They do not make the next move certain and are not trading instructions.

Adaptive evidence set

The charts that matter to this tape now

This is not a fixed indicator wall. The price anchor is retained for context; the remaining panels are selected dynamically according to the conditions visible in this ticker.

104 observations displayed
6 views selected
Price structureRotationalcompleted-week alignment
Momentum53.1Positive
Risk pressure5.9%Elevated
Trend quality10.1Range-led
Range position56%location inside observed range
Adaptive set6 viewsselected for the current tape

Price architecture

Trend, acceptance and volatility envelope

Price is shown against fast and slow trend references with its current volatility envelope.

Why this view is active

Selected as the anchor because price is rotating through its trend references.

Relative leadership

Strength versus the research benchmark

Relative performance is separated from absolute price direction to reveal leadership and lagging pressure.

Why this view is active

Selected because benchmark-relative leadership is strengthening, fading or diverging from price.

Price impulse

Acceleration, deceleration and rollover

The impulse path separates directional acceleration from a loss of momentum.

Why this view is active

Selected because the latest impulse is unusually active or is approaching a change of direction.

Path risk

Drawdown and recovery pressure

Capital impairment and recovery are shown together so return is not separated from path difficulty.

Why this view is active

Selected because the current recovery or drawdown path is central to the tape.

Risk geometry

Range pressure and compression

Movement pressure and envelope width show whether risk is expanding, settling or compressed.

Why this view is active

Selected because current variability is unusually compressed or expanded versus this ticker's own tape.

Participation

Activity pressure and cumulative balance

Observed activity is compared with its normal backdrop while cumulative balance tracks directional participation.

Why this view is active

Selected because participation is confirming or diverging from the latest price path.

Sharemaestro tape intelligence

What the gauges support now

One assessment resolves price structure and Market Dynamics. The supporting views show the control, force, direction and confidence behind it.

100/100 evidence depth
observed participation included
Market Dynamics has stronger support The gauges support the upward view

The completed evidence gives the upward view the clearer support.

SM Consensus Gauge+21.7

Market Dynamics has stronger support

SM Control Gauge+18.6

Buyer control supports the view

SM Force Gauge+22.4

Upward commitment

SM Direction Gauge+24.6

Upward follow-through

SM Confirmation Gauge75/100

Strong support

SM consensus path · Market Dynamics display window

SM Consensus Gauge against price

The bars show the direction and strength of the resolved assessment. Completed price is retained as context.

Latest +21.7
Market Dynamics has stronger support
Supportive consensus Cautious consensus Weekly close Neutral

Control

SM Control Gauge

Shows whether buyer or seller control supports the current assessment and whether that support is strengthening or easing.

Current controlBuyer control supports the viewRecent pathControl support is strengtheningLatest 12 months
Buyer controlSeller controlBalanced

Commitment

SM Force Gauge

Shows the strength of market commitment behind the current assessment.

Current forceUpward commitmentRecent pathCommitment is strengtheningLatest 12 months
Positive forceNegative forceActivity intensity

Direction and follow-through

SM Direction Gauge

Shows the directional follow-through behind the current assessment and whether it is established or still developing.

Current directionUpward follow-throughFollow-throughDevelopingLatest 12 months
Advancing directionDeclining directionFollow-through

Assessment strength

SM Confirmation Gauge

Shows how firmly the current assessment is supported. Greater assessment risk reduces the weight of the conclusion.

ConfirmationStrong supportAssessment riskPresentLatest 12 months
SM Confirmation GaugeAssessment risk
Interpretation boundary

These charts describe completed market observations and can lag or reverse. The SM gauges provide one confirmation layer; differences in the underlying evidence reduce confirmation rather than create another competing view. Market Dynamics is proprietary Sharemaestro output: this page presents only its published values and plain-language context. Its construction and inputs remain private.

Evidence context