diff --git a/backend/app/services/market_analyzer.py b/backend/app/services/market_analyzer.py
new file mode 100644
index 0000000..c1396b0
--- /dev/null
+++ b/backend/app/services/market_analyzer.py
@@ -0,0 +1,472 @@
+import asyncio
+import logging
+import time
+import pytz
+from datetime import datetime
+from typing import List, Optional
+from pydantic import BaseModel
+
+from app.core.config import settings
+from app.core.market_schedule import is_market_open
+from app.services.korea_investment_api import korea_investment_api
+from app.services.mean_reversion_strategy import (
+    MarketRegime, detect_market_regime, calculate_atr
+)
+from app.services.technical_indicators import (
+    TREND_FILTER_ENABLED, TREND_MA_SHORT, TREND_MA_LONG, TREND_TOLERANCE_PCT,
+    OVERHEAT_FILTER_ENABLED, _passes_uptrend, analyze_overheat,
+    analyze_custom_signals, analyze_macd, analyze_rsi, analyze_bollinger,
+    analyze_moving_average, analyze_stochastic, analyze_volatility_breakout,
+    analyze_adx, analyze_obv
+)
+
+logger = logging.getLogger(__name__)
+
+KST = pytz.timezone('Asia/Seoul')
+
+def _get_kst_now():
+    return datetime.now(KST).replace(tzinfo=None)
+
+class RecommendationCriteria(BaseModel):
+    use_macd: bool = False
+    use_rsi: bool = False
+    use_bollinger: bool = False
+    use_moving_average: bool = False
+    use_stochastic: bool = False
+    use_adx: bool = False
+    use_obv: bool = False
+    use_volatility_breakout: bool = False
+    use_overheat_filter: bool = True
+    min_volume_ratio: float = 1.0
+    max_disparity: float = 200.0
+    for_batch: bool = False
+
+class StockRecommendation(BaseModel):
+    stock_code: str
+    stock_name: str
+    current_price: float
+    change_rate: float
+    signals: List[str]
+    score: int
+    price_date: str = ""
+    volume: Optional[int] = None
+    rsi: Optional[float] = None
+    ma5: Optional[float] = None
+    ma20: Optional[float] = None
+    ma60: Optional[float] = None
+    stochastic_k: Optional[float] = None
+    stochastic_d: Optional[float] = None
+    bollinger_upper: Optional[float] = None
+    bollinger_lower: Optional[float] = None
+    bollinger_middle: Optional[float] = None
+    ml_score: Optional[int] = None
+    ml_confidence: Optional[float] = None
+    ml_signal: Optional[str] = None
+    atr_14: Optional[float] = None
+    adx_14: Optional[float] = None
+
+_market_regime_cache: dict = {"result": None, "ts": 0.0}
+_MARKET_REGIME_CACHE_TTL = 120
+
+async def check_market_regime() -> dict:
+    try:
+        if not is_market_open():
+            return {"regime": "neutral", "regime_200d": "bear", "message": "장외 시간 - 시장 레짐 판별 스킵", "position_multiplier": 0.5}
+
+        now_ts = time.monotonic()
+        if _market_regime_cache["result"] is not None and (now_ts - _market_regime_cache["ts"]) < _MARKET_REGIME_CACHE_TTL:
+            return _market_regime_cache["result"]
+
+        kospi_chart = await korea_investment_api.get_daily_chart("069500", "D", limit=240)
+
+        if "output2" not in kospi_chart or not kospi_chart["output2"]:
+            return {"regime": "neutral", "message": "시장 지수 확인 불가", "position_multiplier": 0.5}
+
+        chart_data = kospi_chart["output2"]
+        closes = [float(item.get("stck_clpr", 0)) for item in chart_data]
+
+        if len(closes) < 60:
+            return {"regime": "neutral", "message": "데이터 부족", "position_multiplier": 0.5}
+
+        current_price = closes[0]
+        ma20 = sum(closes[:20]) / 20
+        ma60 = sum(closes[:60]) / 60
+
+        if len(closes) >= 205:
+            regime_enum = detect_market_regime(list(reversed(closes)))
+            is_bull_200 = regime_enum == MarketRegime.BULL
+            ma200 = sum(closes[:200]) / 200
+        else:
+            is_bull_200 = current_price > ma20
+            ma200 = ma60
+
+        consecutive_down = 0
+        for i in range(len(closes) - 1):
+            if closes[i] < closes[i + 1]:
+                consecutive_down += 1
+            else:
+                break
+
+        drop_from_ma20 = ((current_price - ma20) / ma20) * 100
+
+        def _cache_and_return(result: dict) -> dict:
+            _market_regime_cache["result"] = result
+            _market_regime_cache["ts"] = time.monotonic()
+            return result
+
+        if current_price < ma60 or consecutive_down >= 5:
+            return _cache_and_return({
+                "regime": "strong_bearish",
+                "regime_200d": "bear",
+                "message": f"강한 하락장 (코스피: {current_price:.0f}, MA200: {ma200:.0f}, {consecutive_down}일 연속하락)",
+                "position_multiplier": 0.1,
+                "min_score": settings.BEAR_MARKET_MIN_SCORE + 3,
+                "max_trades": 1,
+                "consecutive_down": consecutive_down,
+                "drop_from_ma20": round(drop_from_ma20, 1),
+            })
+
+        if current_price < ma20:
+            return _cache_and_return({
+                "regime": "bearish",
+                "regime_200d": "bear",
+                "message": f"하락장 (코스피: {current_price:.0f} < MA20: {ma20:.0f}, MA200: {ma200:.0f})",
+                "position_multiplier": settings.BEAR_MARKET_POSITION_RATIO,
+                "min_score": settings.BEAR_MARKET_MIN_SCORE,
+                "max_trades": settings.BEAR_MARKET_MAX_TRADES,
+                "consecutive_down": consecutive_down,
+                "drop_from_ma20": round(drop_from_ma20, 1),
+            })
+
+        return _cache_and_return({
+            "regime": "bullish",
+            "regime_200d": "bull" if is_bull_200 else "bear",
+            "message": f"상승장 (코스피: {current_price:.0f}, MA200: {ma200:.0f}, Bull={is_bull_200})",
+            "position_multiplier": 1.0,
+            "min_score": 1,
+            "max_trades": settings.MAX_DAILY_TRADES,
+            "consecutive_down": consecutive_down,
+            "drop_from_ma20": round(drop_from_ma20, 1),
+        })
+    except Exception as e:
+        logger.error(f"시장 지수 확인 실패: {e}")
+        return {"regime": "neutral", "message": "시장 지수 확인 실패", "position_multiplier": 0.5}
+
+
+async def analyze_stock(stock_code: str, stock_name: str, criteria: RecommendationCriteria) -> Optional[StockRecommendation]:
+    try:
+        chart_response = await korea_investment_api.get_daily_chart(stock_code, "D")
+        if "output2" not in chart_response or not chart_response["output2"]:
+            return None
+
+        chart_data = list(reversed(chart_response["output2"]))
+        latest = chart_data[-1] if chart_data else None
+        if not latest:
+            return None
+        
+        if not stock_name:
+            stock_name = latest.get("hts_kor_isnm", stock_code)
+            
+        current_price = float(latest.get("stck_clpr", 0))
+        price_date = latest.get("stck_bsop_date", "")
+        volume = int(latest.get("acml_vol", 0) or 0)
+        if current_price == 0:
+            return None
+
+        if len(chart_data) >= 2:
+            prev_price = float(chart_data[-2].get("stck_clpr", current_price))
+            change_rate = ((current_price - prev_price) / prev_price) * 100 if prev_price > 0 else 0
+        else:
+            change_rate = 0
+
+        closes = [float(item.get("stck_clpr", 0)) for item in chart_data]
+        volumes = [int(item.get("acml_vol", 0)) for item in chart_data]
+        
+        ma5 = sum(closes[-5:]) / 5 if len(closes) >= 5 else None
+        ma20 = sum(closes[-20:]) / 20 if len(closes) >= 20 else None
+        ma60 = sum(closes[-60:]) / 60 if len(closes) >= 60 else None
+
+        avg_vol_20 = sum(volumes[-20:]) / 20 if len(volumes) >= 20 else 0
+        volume_ratio = (volume / avg_vol_20) if avg_vol_20 > 0 else 0
+        
+        if not criteria.for_batch and avg_vol_20 < 50000 and current_price < 50000:
+            return None
+        
+        disparity = (current_price / ma20) * 100 if ma20 else 100
+        
+        trend_ok = None
+        if TREND_FILTER_ENABLED:
+            trend_ok = _passes_uptrend(closes, TREND_MA_SHORT, TREND_MA_LONG)
+
+        rsi = None
+        if len(closes) >= 15:
+            prices_for_rsi = closes[-15:]
+            gains = []
+            losses = []
+            for i in range(1, len(prices_for_rsi)):
+                diff = prices_for_rsi[i] - prices_for_rsi[i-1]
+                gains.append(max(diff, 0))
+                losses.append(max(-diff, 0))
+            avg_gain = sum(gains[-14:]) / 14
+            avg_loss = sum(losses[-14:]) / 14
+            if avg_loss == 0:
+                rsi = 100.0
+            else:
+                rs = avg_gain / avg_loss
+                rsi = 100 - (100 / (1 + rs))
+
+        stochastic_k = None
+        stochastic_d = None
+        if len(chart_data) >= 14:
+            recent = chart_data[-14:]
+            highs = [float(item.get("stck_hgpr", 0)) for item in recent]
+            lows = [float(item.get("stck_lwpr", 0)) for item in recent]
+            closes_for_stoch = [float(item.get("stck_clpr", 0)) for item in recent]
+            highest_high = max(highs)
+            lowest_low = min(lows)
+            if highest_high != lowest_low:
+                stochastic_k = ((closes_for_stoch[-1] - lowest_low) / (highest_high - lowest_low)) * 100
+                stochastic_d_vals = []
+                for j in range(len(recent)-3, len(recent)):
+                    slice_high = max([float(item.get("stck_hgpr", 0)) for item in recent[j-3 if j-3>=0 else 0:j+1]])
+                    slice_low = min([float(item.get("stck_lwpr", 0)) for item in recent[j-3 if j-3>=0 else 0:j+1]])
+                    if slice_high != slice_low:
+                        stochastic_d_vals.append(((float(recent[j].get("stck_clpr", 0)) - slice_low) / (slice_high - slice_low)) * 100)
+                if stochastic_d_vals:
+                    stochastic_d = sum(stochastic_d_vals) / len(stochastic_d_vals)
+
+        bollinger_upper = bollinger_lower = bollinger_middle = None
+        if len(closes) >= 20:
+            window = closes[-20:]
+            middle = sum(window) / len(window)
+            variance = sum((p - middle) ** 2 for p in window) / len(window)
+            stddev = variance ** 0.5
+            bollinger_middle = middle
+            bollinger_upper = middle + 2 * stddev
+            bollinger_lower = middle - 2 * stddev
+
+        signals = []
+        score = 0
+        
+        if disparity > criteria.max_disparity:
+            score -= 5
+            signals.append(f"이격도 과열({disparity:.1f}% > {criteria.max_disparity}%) - 매수금지")
+
+        if criteria.use_overheat_filter and OVERHEAT_FILTER_ENABLED:
+            overheat = analyze_overheat(closes, ma20)
+            if overheat["blocked"]:
+                score -= 10
+                signals.append(overheat["reason"])
+
+        if criteria.use_volatility_breakout:
+            vb_result = analyze_volatility_breakout(chart_data)
+            if vb_result and vb_result["signal"] == "buy":
+                signals.append(vb_result["description"])
+                score += 4
+        
+        custom_result = analyze_custom_signals(chart_data)
+        if custom_result:
+            if custom_result["signal"] == "buy":
+                signals.append(custom_result["description"])
+                score += 3
+            elif custom_result["signal"] == "sell":
+                signals.append(custom_result["description"])
+                score -= 2
+            elif custom_result["signal"] == "exit":
+                signals.append(custom_result["description"])
+                score -= 5
+            elif custom_result["signal"] == "take_profit":
+                signals.append(custom_result["description"])
+                score += 2
+        
+        if criteria.use_macd:
+            result = analyze_macd(chart_data)
+            if result["signal"] == "buy":
+                signals.append(result["description"])
+                score += 2
+        
+        if criteria.use_rsi:
+            result = analyze_rsi(chart_data)
+            if result["signal"] == "buy":
+                if volume_ratio >= 1.2:
+                    signals.append(result["description"] + " + 거래량증가")
+                    score += 3
+                else:
+                    signals.append(result["description"] + " (거래량부족)")
+                    score += 1
+        
+        if criteria.use_bollinger:
+            result = analyze_bollinger(chart_data)
+            if result["signal"] == "buy":
+                signals.append(result["description"])
+                score += 1
+        
+        if criteria.use_moving_average:
+            result = analyze_moving_average(chart_data)
+            if result["signal"] == "buy":
+                signals.append(result["description"])
+                score += 2
+        
+        if criteria.use_stochastic:
+            result = analyze_stochastic(chart_data)
+            if result["signal"] == "buy":
+                signals.append(result["description"])
+                score += 1
+        
+        if criteria.use_adx:
+            result = analyze_adx(chart_data)
+            if result["signal"] == "buy":
+                signals.append(result["description"])
+                score += 1
+        
+        if criteria.use_obv:
+            result = analyze_obv(chart_data)
+            if result["signal"] == "buy":
+                signals.append(result["description"])
+                score += 1
+        
+        if volume_ratio >= 1.5 and change_rate > 0:
+            signals.append(f"거래량 실린 상승 ({volume_ratio:.1f}배)")
+            score += 3
+        elif volume_ratio < 0.8:
+            score -= 1
+
+        if TREND_FILTER_ENABLED and trend_ok is not None:
+            if trend_ok:
+                signals.append(f"추세상승(>{TREND_MA_SHORT}MA & {TREND_MA_SHORT}MA>{TREND_MA_LONG}MA, tol={int(TREND_TOLERANCE_PCT*10000)/100:.2f}%)")
+                score += 1
+            else:
+                signals.append(f"추세약함({TREND_MA_SHORT}MA≤{TREND_MA_LONG}MA 또는 종가≤{TREND_MA_SHORT}MA)")
+        
+        if criteria.min_volume_ratio > 0 and volume_ratio < criteria.min_volume_ratio:
+            return None
+
+        ml_score_val = None
+        ml_confidence_val = None
+        ml_signal_val = None
+
+        if settings.ML_ENSEMBLE_ENABLED:
+            try:
+                from app.services.ml_ensemble import get_ensemble
+                ensemble = get_ensemble()
+                if ensemble.is_trained:
+                    ml_result = ensemble.predict(chart_data)
+                    if "error" not in ml_result:
+                        ml_score_val = ml_result["ensemble_score"]
+                        ml_confidence_val = ml_result["confidence"]
+                        ml_signal_val = ml_result["signal"]
+
+                        rule_score_normalized = (score / 15.0) * 100.0
+                        combined_score = int(
+                            rule_score_normalized * settings.ML_ENSEMBLE_RULE_WEIGHT +
+                            ml_score_val * settings.ML_ENSEMBLE_ML_WEIGHT
+                        )
+                        score = max(0, int(combined_score / 100.0 * 15.0))
+
+                        signals.append(f"ML앙상블: {ml_signal_val}({ml_score_val}점, 신뢰도{ml_confidence_val:.0%})")
+            except Exception:
+                pass
+
+        atr_14_val = None
+        adx_14_val = None
+        try:
+            if len(chart_data) >= 15:
+                _h = [float(d.get("stck_hgpr", 0)) for d in chart_data]
+                _l = [float(d.get("stck_lwpr", 0)) for d in chart_data]
+                _c = [float(d.get("stck_clpr", 0)) for d in chart_data]
+                atr_14_val = calculate_atr(_h, _l, _c)
+                if len(chart_data) >= 29:
+                    adx_14_val = calculate_adx(_h, _l, _c)
+        except Exception:
+            pass
+
+        if criteria.for_batch or len(signals) > 0 or score > 0:
+            final_score = max(1, score) if len(signals) > 0 else score
+
+            return StockRecommendation(
+                stock_code=stock_code,
+                stock_name=stock_name,
+                current_price=current_price,
+                change_rate=change_rate,
+                signals=signals if signals else ["조건 분석 중"],
+                score=final_score,
+                price_date=price_date,
+                volume=volume,
+                rsi=rsi,
+                ma5=ma5,
+                ma20=ma20,
+                ma60=ma60,
+                stochastic_k=stochastic_k,
+                stochastic_d=stochastic_d,
+                bollinger_upper=bollinger_upper,
+                bollinger_lower=bollinger_lower,
+                bollinger_middle=bollinger_middle,
+                ml_score=ml_score_val,
+                ml_confidence=ml_confidence_val,
+                ml_signal=ml_signal_val,
+                atr_14=atr_14_val,
+                adx_14=adx_14_val,
+            )
+        
+        return None
+    except Exception as e:
+        logger.error(f"Error analyzing {stock_code}: {str(e)}")
+        return None
+
+async def analyze_stock_for_batch(stock_code: str, stock_name: str) -> Optional[StockRecommendation]:
+    criteria = RecommendationCriteria(
+        use_macd=True,
+        use_rsi=True,
+        use_bollinger=True,
+        use_moving_average=True,
+        use_stochastic=True,
+        use_adx=True,
+        use_obv=True,
+        use_volatility_breakout=True,
+        min_volume_ratio=0,
+        max_disparity=200.0,
+        for_batch=True,
+    )
+    return await analyze_stock(stock_code, stock_name, criteria)
+
+async def analyze_stock_with_indicators(stock_code: str, stock_name: str) -> Optional[StockRecommendation]:
+    criteria = RecommendationCriteria(
+        use_macd=True,
+        use_rsi=True,
+        use_bollinger=True,
+        use_moving_average=True,
+        use_stochastic=True,
+        use_adx=True,
+        use_obv=True,
+        use_volatility_breakout=True,
+        min_volume_ratio=1.2,
+        max_disparity=110.0
+    )
+    return await analyze_stock(stock_code, stock_name, criteria)
+
+async def get_all_tradable_stocks() -> List[tuple]:
+    try:
+        await asyncio.sleep(3.0)
+        kospi_result = await korea_investment_api.get_stock_list("J")
+        await asyncio.sleep(3.0)
+        kosdaq_result = await korea_investment_api.get_stock_list("Q")
+        
+        stocks = []
+        if "output" in kospi_result:
+            for item in kospi_result["output"]:
+                stock_code = item.get("mksc_shrn_iscd", "")
+                stock_name = item.get("hts_kor_isnm", "")
+                if stock_code and stock_name:
+                    stocks.append((stock_code, stock_name))
+        
+        if "output" in kosdaq_result:
+            for item in kosdaq_result["output"]:
+                stock_code = item.get("mksc_shrn_iscd", "")
+                stock_name = item.get("hts_kor_isnm", "")
+                if stock_code and stock_name:
+                    stocks.append((stock_code, stock_name))
+        
+        return stocks
+    except Exception as e:
+        logger.error(f"Error fetching stock list from KIS API: {e}", exc_info=True)
+        return []
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