Hold and wait for confirmation
The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
Defensive53/100Position
Information Technology Services
For the week ending 18 September 2026, Information Technology Services advanced 0.48% with 378 advancing, 323 declining, and 48 unchanged constituents.
Industry positioning postureHold and wait for confirmation
The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
Industry evidence score53/100Wait
Index value1298.75
Weekly return0.48%
Measured equities749
Sibling rank1 of 12
156 completed weeks
Information Technology Services trend architecture
Price, Activity Lines, Trend Line and current Fair Value, with the recognized architecture behind each completed week.
ArchitectureUpward Expansion
Index vs Trend1.1%
13-week persistence3.1%
Advancing participation50%
Index Value
Trend Line
Fair Value
Activity Lines
Constructive Transition Defensive
Positioning and relative evidence
Is Information Technology Services earning a place in the portfolio?
Technical evidence determines the posture. Sentiment remains a separate confirmation layer.
Five-pillar evidence
53Quality of the positioning case
Trend
61
Breadth
38
Persistence
35
Relative
63
Risk quality
86
Parent-relative performance
Composite rank 1 of 12Returns versus Technology
1 week0.5%-1.0 pts
4 weeks-0.8%-1.4 pts
13 weeks3.1%6.6 pts
26 weeks2.8%-7.3 pts
52 weeks-10.3%-17.3 pts
Relative leadership path
ImprovingInformation Technology Services versus Technology
Evidence ledger
Confirmation and conflict
+The index remains above a constructive Trend gate.
+Relative performance is improving within its parent hierarchy.
!Breadth remains too narrow or inconsistent for a high-conviction position.
!Constituent persistence remains divided or predominantly negative.
!Stage 4 declining constituents exceed Stage 2 advancing constituents by 37 percentage points.
Decision boundaries
What would change the posture?
1A completed weekly reclaim of 1,284.66, the higher of Trend Line and Fair Value, would improve the structural case.
2Breadth holding above 55% for several completed weeks would show that repair is spreading.
3Positive 13 and 26-week relative performance would confirm that capital is rotating into the group.
Trend state and durability
Architecture, persistence and constituent regimes
The industry index path is tested against the securities beneath it.
Index architecture
1 weeksUpward Expansion
The activity fan is positively ordered above a rising Trend Line with price accepted above it.
Trend gateUpFan width1.50%Accepted above fan67%Accepted below fan0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
50% agreementNegative regime, shorter trend repairing
The long trend remains negative, but shorter-horizon repair is now visible.
13-week
3.1%
26-week
2.8%
39-week
-6.7%
52-week
-10.3%
Regime age19 weeks52-week flips552-week boundary1447.52
Constituent trend persistence
92% coverageHow broadly durable is the move?
29%positive
Coherent positive15%
Coherent negative28%
Horizon agreement78%
Weakening positives52
Repairing negatives210
688 constituents measured as of 18 Sep 2026.
Custom stage map
93% coverageWhere covered constituents sit in the cycle
54%Stage 4
Stage 1 Basing20%136
Stage 2 Advancing17%121
Stage 3 Distribution9%61
Stage 4 Declining54%378
Re-acceleration4Transition watch108Fair Value repairs85
Stage coverage is shown explicitly and is not substituted for full-universe persistence coverage.
Geographic diffusion
Where Information Technology Services strength is developing
Country returns, participation and Trend position show whether the global result is widely shared or locally concentrated.
Countries measured3133 represented in the full universe
Positive countries11 / 31Latest weekly return above zero
Above Trend Line48%15 country indexes
Return dispersion4.35 ptsCross-country opportunity and divergence
Other markets6.76%
1 countries · 19 equities · 3% of measured coverage
Asia Pacific1.04%
10 countries · 458 equities · 61% of measured coverage
North America0.49%
3 countries · 81 equities · 11% of measured coverage
Europe-0.88%
11 countries · 142 equities · 19% of measured coverage
Latin America-1.73%
2 countries · 18 equities · 2% of measured coverage
Middle East and Africa-4.49%
4 countries · 28 equities · 4% of measured coverage
Country evidence map
Minimum 3 constituentsReturn, breadth and trend condition
🇹🇼TW19
6.76%
95% up · above Trend
🇦🇺AU20
4.53%
55% up · below Trend
🇿🇦ZA5
2.49%
60% up · above Trend
🇯🇵JP164
2.37%
77% up · above Trend
🇨🇦CA3
1.60%
33% up · above Trend
🇨🇳CN89
1.47%
63% up · below Trend
🇬🇧GB11
1.18%
45% up · above Trend
🇬🇷GR6
1.00%
50% up · above Trend
🇲🇽MX14
0.78%
36% up · below Trend
🇺🇸US64
0.37%
38% up · above Trend
🇪🇸ES10
0.08%
40% up · below Trend
🇮🇳IN72
-0.05%
39% up · above Trend
🇦🇹AT26
-0.32%
46% up · above Trend
🇩🇪DE23
-0.36%
43% up · above Trend
🇮🇱IL9
-0.37%
44% up · below Trend
🇹🇭TH21
-0.47%
43% up · above Trend
🇸🇦SA8
-0.49%
38% up · above Trend
🇸🇬SG3
-0.57%
33% up · below Trend
🇮🇹IT8
-0.72%
38% up · above Trend
🇳🇴NO6
-0.89%
50% up · below Trend
🇭🇰HK37
-0.96%
32% up · below Trend
🇲🇾MY31
-1.35%
29% up · below Trend
🇧🇷BR12
-1.42%
42% up · below Trend
🇫🇷FR15
-1.67%
27% up · below Trend
🇮🇩ID10
-1.83%
30% up · above Trend
🇩🇰DK6
-1.85%
33% up · below Trend
🇫🇮FI7
-2.24%
14% up · below Trend
🇰🇷KR11
-2.29%
9% up · below Trend
🇦🇷AR6
-2.36%
17% up · above Trend
🇸🇪SE24
-2.70%
38% up · below Trend
🇹🇷TR6
-21.83%
0% up · below Trend
2 thin country slices are excluded from comparative conclusions. Their securities remain in the global index.
Country leadership
Strongest confirmed tapes
🇹🇼Taiwan19 equities6.76%
🇦🇺Australia20 equities4.53%
🇿🇦South Africa5 equities2.49%
🇯🇵Japan164 equities2.37%
🇨🇦Canada3 equities1.60%
🇨🇳China89 equities1.47%
Country pressure
Weakest current tapes
🇹🇷Turkey6 equities-21.83%
🇸🇪Sweden24 equities-2.70%
🇦🇷Argentina6 equities-2.36%
🇰🇷South Korea11 equities-2.29%
🇫🇮Finland7 equities-2.24%
🇩🇰Denmark6 equities-1.85%
Sibling industry comparison
Where Information Technology Services sits inside Technology
Relative strength, acceleration and participation separate durable leadership from a one-week move.
Composite rank1 / 12
Leading1
Lagging2
Above Trend9 / 12
Return dispersion1.50 pts
Competitive-set rotation
Bubble size shows constituentsIs this industry gaining or surrendering leadership?
Improving
Leading
Lagging
Weakening
13-week relative strength4-week acceleration
Semiconductors53Semiconductor Equipment & Materials46Electronic Components60Computer Hardware64Communication Equipment47Scientific & Technical Instruments32Software - Infrastructure65Software - Application65Information Technology Services66Consumer Electronics47Electronics & Computer Distribution45Solar0
Sibling ranking
Momentum with confirmation
1
Information Technology ServicesWeakening · 50% participation
662Software - InfrastructureWeakening · 52% participation
653Software - ApplicationWeakening · 50% participation
654Computer HardwareLeading · 63% participation
645Electronic ComponentsImproving · 67% participation
606SemiconductorsImproving · 72% participation
537Communication EquipmentImproving · 52% participation
478Consumer ElectronicsWeakening · 53% participation
479Semiconductor Equipment & MaterialsImproving · 63% participation
4610Electronics & Computer DistributionWeakening · 44% participation
4511Scientific & Technical InstrumentsLagging · 56% participation
3212SolarLagging · 36% participation
0Market internals and risk
Participation, momentum and payoff shape
The headline index is tested against participation, volatility, drawdown and the distribution of security returns.
Advancing participation50.5%3.5 points versus recent baseline
13-week positive weeks54%Index-level hit rate
Annualised volatility12.0%52-week index return volatility
Current drawdown-10.1%From the 52-week index high
156-week max drawdown-15.5%Peak-to-trough index decline
Breadth impulse
Range -100 to +100Net advancing participation
Trend momentum
Positive or negative slopeTrend Line rate of change
Security return distribution
749 equitiesWhat the headline return conceals
Average loser-4.05%
Average winner+4.89%
Median equity0.11%The middle security, less sensitive to extreme movers
Interquartile range-2.16% to 2.88%The central half of the universe
Security dispersion9.36 ptsCross-sectional opportunity and stock-selection risk
News and price confirmation
Does company news confirm the Information Technology Services tape?
Qualified sentiment coverage for this industry is still building.
Security leadership
The equities driving the result
Weekly leaders and laggards reveal whether the index move is broad, concentrated or vulnerable to reversal.
Leadership
Strongest weekly contributors
Pressure
Weakest weekly contributors
Latest week
Full global industry tape
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