Week Ending: 28 August 2026

Argentina AR Financial Services Industry

Banks - Diversified

For the week ending 28 August 2026, Banks - Diversified advanced 4.22% with 9 advancing, 0 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.

Current architecture Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

91 technical evidence
Index64708.14 1 week4.22% Breadth100% Members9
Country 🇦🇷 Argentina · AR
Sector Financial Services
Universe country-listed
Price basis Adjusted weekly close

Trend architecture

Index, activity fan and structural anchors

Rolling 156-week evidence. Trend Signal points mark weeks when price, trend and the activity fan confirmed together.

Index Value Trend Line Fair Value Activity Lines Constructive architecture Transitional architecture Defensive architecture
Current architecture Upward Expansion 18 completed weeks in this state
Trend acceptance 16.2% Index versus Trend Line
Persistence 100% Positive across every horizon
Participation 100% 9 advancing, 0 declining

Investor positioning lens

Is the evidence ready for capital?

A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.

Current posture Positioning window open

Trend, participation and relative evidence are sufficiently aligned for selective exposure.

91 technical evidence
out of 100
Evidence balance

Five-pillar map

Position
Trend
90
Breadth
82
Persistence
100
Relative
100
Risk quality
87
What supports the view
  • The index remains above a constructive Trend gate.
  • Participation is broad enough to support the index move.
  • Constituent trends show positive multi-horizon persistence.
  • Relative performance is improving within its parent hierarchy.
What restrains conviction
  • The index is extended well above current Fair Value, increasing chase risk.
  • Positive contribution is concentrated in a small leadership cohort.
Independent sentiment overlay Sentiment held separate

Qualified news coverage is too thin to alter the technical positioning view.

Evidence that would change the view
  1. A completed weekly close below the Trend Line at 55,675.03 would weaken the constructive case.
  2. Breadth falling below 45% while the index holds up would signal narrowing leadership.
  3. A turn to negative 13 and 26-week parent-relative performance would remove the rotation edge.

This is a weekly research classification, not personal investment advice. Sentiment is reported as an independent confirmation layer and does not alter the technical score.

Trend state and durability

Architecture, persistence and constituent regimes

The index path is tested against the underlying security-level trend evidence.

Index architecture Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

State age18 weeks
Trend gateUp
Fan width7.69%
Fast versus slow change-1.05 pts
Above 83% Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Positive across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.

13-week
18.3%
26-week
29.4%
39-week
33.7%
52-week
67.7%
Regime age104 weeks 52-week flips0 52-week boundary38575.11
Constituent trend persistence

Is the index move broadly durable?

100% coverage
Coherent positive89%
Coherent negative0%
Average horizon agreement97%
Positive horizon share97%
Weakening positives1
Repairing negatives0

9 constituents measured as of 28 Aug 2026. Median trend age is 199 weeks.

Custom stage map

Where constituents sit in the cycle

100% coverage
Stage 1 · Basing0%0 securities
Stage 2 · Advancing89%8 securities
Stage 3 · Distribution11%1 securities
Stage 4 · Declining0%0 securities
Re-acceleration watch0 Transition watch0 Relative strength leaders78% Fair Value repairs0

Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

77/100 mean confidence
Upward expansion
89% 8
Rotation up
0% 0
Deceleration
0% 0
Balance
0% 0
Rotation down
11% 1
Downward expansion
0% 0
Unresolved
0% 0

Architecture breadth shows the distribution of expanding, rotating, balancing and contracting securities. It is diagnostic context and is not added as a second vote in the positioning score.

Capital rotation

Performance relative to Financial Services

Improving
Relative index 13-week relative trend Starting level
Rotation dashboard Improving

A rising relative line means this group is compounding faster than Financial Services. A falling line means capital has done better in the parent benchmark.

Relative index144.5
13-week trend139.7
4-week trend change1.62%
Weekly peer rank1 of 5
1 week
0.7 pts relative
4 weeks
4.7 pts relative
13 weeks
7.5 pts relative
26 weeks
17.5 pts relative
52 weeks
34.4 pts relative

Market internals

Participation, dispersion and path risk

Equal-weight index evidence with constituent-level breadth and dispersion.

Breadth

Participation quality

Broad
Advancing
9
Declining
0
Unchanged
0
4-week average 61%
13-week average 63%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility22.4%
Drawdown from 52-week high0.0%
Positive weeks, last 1377%
Current directional run1 week
Turnover versus 13-week norm119%
Breadth impulse39.8 pts
Cross-section

Return distribution

9 measured
Q1 0.6% Median 1.6% Q3 2.2%
Average winner4.5%
Average loser%
Dispersion8.2 pts
Top-five upside share93%
Top-five capital share99%
Capital data coverage100%

Dispersion describes how far constituent outcomes are spreading apart. Capital concentration is contextual only; the index itself is equal weighted.

Momentum cycle

30-week persistence

Positive readings show expansion. Negative readings show contraction.

Breadth cycle

Net participation

Advancers less decliners as a percentage of measured constituents.

News and narrative

Does company news confirm the market tape?

Open Sentiment Intelligence
Sentiment evidence is still developing

Qualified company-level news coverage is not yet broad enough to influence the group view.

1 qualified records across 9 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 BNYThe Bank of New York Mellon Corporation
27.54% 2 WFCWells Fargo & Company
4.13% 3 JPMJPMorgan Chase & Co.
2.25% 4 INGING Groep N.V.
2.11% 5 CCitigroup Inc.
1.65%

Weakest edge

9 HSBCHSBC Holdings plc
0.30% 8 BCSBarclays PLC
0.61% 7 VALOBanco de Valores S.A.
0.62% 6 SANBanco Santander, S.A.
1.29% 5 CCitigroup Inc.
1.65%

Constituent ledger

Industry constituents

All 9 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 BNY The Bank of New York Mellon Corporation BUE 36.60T 130,150.00 2.78 pts
27.54%
2 WFC Wells Fargo & Company BUE 14.12T 27,760.00 0.46 pts
4.13%
3 JPM JPMorgan Chase & Co. BUE 7.93T 38,240.00 0.25 pts
2.25%
4 ING ING Groep N.V. BUE 14.43T 18,830.00 0.23 pts
2.11%
5 C Citigroup Inc. BUE 327.47T 70,950.00 0.18 pts
1.65%
6 SAN Banco Santander, S.A. BUE 1063.11T 94,225.00 0.14 pts
1.29%
7 VALO Banco de Valores S.A. BUE 775.06B 572.50 0.07 pts
0.62%
8 BCS Barclays PLC BUE 741.68T 43,060.00 0.07 pts
0.61%
9 HSBC HSBC Holdings plc BUE 476.03T 83,075.00 0.03 pts
0.30%

The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.

Evidence context