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TAI · Equity · completed-week research

2820 Technicals

China Bills Finance Corporation

Financial Services Capital Markets

Week ending14 August 2026
+0.0%
Open
16.45
High
16.45
Low
16.15
Close
16.35 TWD
Price-technical state Rotational Price structure only · 260 completed observations · through 2026-08-14
Price structureRotationalcompleted-week alignment
Momentum51.2Positive
Risk pressure2.6%Elevated
Trend quality21.7Range-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
Rollover warning

Price has moved below distribution as Market Dynamics weakened

Market Dynamics eased this week but remains positive. Underlying support has contracted across the recent completed path. Price has moved below the distribution zone after Market Dynamics weakened.

What it means

The prior extension has started to roll over. Further price weakness would confirm the downside transition; a recovery in both readings would remove the warning.

Current tape relationshipDistribution rollover

Market Dynamics eased this week but 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 confirmationLagging price

Price is extended relative to Market Dynamics. The gap is a downside-risk warning until support catches up or price resets.

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 2820

The current reading in four steps

The upward trend may still be visible, but this transition increases downside risk. Further price weakness would confirm the rollover.

1
NowEasier this week

Market Dynamics eased this week but remains positive.

2
Recent directionWeakened over four weeks

Underlying support has contracted across the recent completed path.

3
Price responsePrice has moved below distribution

Price left the upper zone as Market Dynamics weakened.

4
Previous cases33.3% moved lower

After 12 weeks across 24 cases. Average move: 0.0%.

What strengthens this viewFurther price weakness with weak Market Dynamics would confirm the rollover.What would change itA recovery in both price and Market Dynamics would remove the rollover warning.

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
0.32
Direction agreed
35.4%
Completed comparisons
246
After accumulation4 distinct visits
4 weeks50.0% higher4 outcomes 12 weeks75.0% higher4 outcomes 26 weeks75.0% higher4 outcomes

Average time before leaving the zone: 7.0 weeks.

After distribution1 distinct visit
4 weeks0.0% lower1 outcome 12 weeksRecord building0 outcomes 26 weeksRecord building0 outcomes

Average time before leaving the zone: 8.0 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 57.7% were higher

Average 12-week move: 1.4% from 26 completed cases.

Price lower · Market Dynamics negative 36.4% were lower

Average 12-week move: 0.6% from 22 completed cases.

Price higher · Market Dynamics cautious Average pullback 3.0%

33.3% were lower after 12 weeks. The deepest pullback arrived after 5.8 weeks on average.

Price cautious · Market Dynamics positive Average recovery 4.3%

75.0% were higher after 12 weeks. The strongest recovery arrived after 6.5 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.

Divergence control
Do not chase price while the underlying evidence lags

In this ticker's completed record, 33.3% of comparable cases moved lower after 12 weeks, with an average move of 0.0% across 24 cases.

ApproachUse the gap to review position size, protect gains and wait for either Market Dynamics to catch up or price to correct. The disagreement is a warning condition, not an automatic exit.

Review the case whenA recovery in both price and Market Dynamics would remove the rollover warning.

Zone positioning
Use accumulation to prepare the long case, then wait for confirmation

After accumulation, 75.0% of completed 12-week outcomes were higher across 4 cases. Distinct visits lasted 7.0 weeks on average before leaving the zone.

ApproachBuild the thesis and entry conditions while price is in accumulation. Increase exposure only when price responds; location alone is not the entry.

Review the case whenA failed price response or renewed weakness removes the reason to increase long exposure.

Disagreement playbook
Use unsupported price strength to tighten discipline

Comparable disagreements produced an average pullback of 3.0% across 24 completed cases, with the largest move arriving after 5.8 weeks on average.

ApproachAvoid adding simply because price is rising. Let improving Market Dynamics confirm the move, or let price reset before reassessing it.

Review the case whenThe warning ends when Market Dynamics catches up or price gives way.

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
Momentum51.2Positive
Risk pressure2.6%Elevated
Trend quality21.7Range-led
Range position51%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.

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.

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.

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.

Trend quality

Directional strength and control

Directional pressure shows which side controls the tape while strength remains direction-neutral.

Why this view is active

Selected because directional control or trend strength is materially changing.

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+9.9

Market Dynamics has stronger support

SM Control Gauge+7.7

Control support is limited

SM Force Gauge+1.8

Commitment is limited

SM Direction Gauge+18.1

Upward follow-through

SM Confirmation Gauge26/100

Limited 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 +9.9
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 controlControl support is limitedRecent pathControl support is easingLatest 12 months
Buyer controlSeller controlBalanced

Commitment

SM Force Gauge

Shows the strength of market commitment behind the current assessment.

Current forceCommitment is limitedRecent pathCommitment is easingLatest 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-throughUnsettledLatest 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.

ConfirmationLimited supportAssessment riskContainedLatest 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