{
  "ticker": "010950.KS",
  "analysis_asof": "2026-04-17T09:11:18.925827+09:00",
  "market_data_asof": "2026-04-16",
  "level_basis": "daily_close",
  "thesis_state": "constructive",
  "primary_setup": "watch_only",
  "portfolio_stance": "BULLISH",
  "entry_action_base": "WAIT",
  "setup_quality": "DEVELOPING",
  "confidence": 0.64,
  "action_if_triggered": "NONE",
  "starter_fraction_of_target": null,
  "breakout_level": null,
  "breakout_confirmation": "close_above",
  "pullback_buy_zone": null,
  "invalid_if_close_below": null,
  "invalid_if_intraday_below": null,
  "min_relative_volume": 1.0,
  "session_vwap_preference": "indifferent",
  "event_guard": {
    "earnings_date": null,
    "block_new_position_within_days": 0,
    "allow_add_only_after_event": false,
    "requires_post_event_rerun": false
  },
  "reason_codes": [
    "trigger:010950.ks가_116,500~117,000원_부근에서_지지를_방어하고_거래량이_안정되는지_확인",
    "trigger:010950.ks가_120,700~122,000원_위로_거래량을_동반해_종가_안착하는지_확인",
    "trigger:macd_히스토그램이_609.15_부근_둔화_이후_다시_확장되는지_확인",
    "trigger:010950.ks가_114,500원_또는_112,500원_아래로_무거운_거래량과_함께_이탈하는지_확인",
    "trigger:1q_실적의_영업이익,_재고평가_이익,_운전자본_제외_현금흐름,_capex,_순부채_변화를_확인",
    "trigger:정제마진,_디젤_스프레드,_원유_조달비,_krw/usd_흐름을_갱신",
    "trigger:긍정_뉴스가_한화투자증권_보고서_반복_인용을_넘어_다른_독립_증권사_추정치_상향으로_넓어지는지_확인"
  ],
  "notes": [
    "catalyst:010950.ks_1q_실적이_정제마진,_디젤_강세,_재고평가_이익으로_시장_기대를_상회하는_경우",
    "catalyst:010950.ks가_120,700~122,000원_위에서_거래량을_동반해_종가_안착하고_macd_히스토그램이",
    "catalyst:124,500원_재시험에_성공해_150,000원_목표가_상향_논리의_신뢰도가_높아지는_경우",
    "catalyst:디젤_수요,_재건_수요,_공급_정상화_지연으로_높은_정제마진이_유지된다는_추가_증거",
    "catalyst:한화투자증권_중심의_긍정_서사가_다른_증권사_추정치_상향으로_확산되는_경우",
    "catalyst:순부채_감소가_이어지고_영업현금흐름_개선이_단순_운전자본_타이밍이_아님이_확인되는_경우"
  ]
}