The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
49
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
Brazil BR Sector
Basic Materials
For the week ending 28 August 2026, Basic Materials advanced 0.60% with 36 advancing, 25 declining, and 4 unchanged constituents. The index is equal weighted and built from country-listed equities.
Current architecture
Unresolved
The Activity Lines, Trend Line and price acceptance remain genuinely mixed.
49
technical evidence
Index1954.62
1 week0.60%
Breadth55%
Members65
Country
🇧🇷 Brazil · BR
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
Unresolved
2 completed weeks in this state
Trend acceptance
-3.4%
Index versus Trend Line
Persistence
50%
Positive regime, shorter trend weakening
Participation
55%
36 advancing, 25 declining
Investor positioning lens
Is the evidence ready for capital?
A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.
Evidence balance
Wait
Five-pillar map
Trend
40
Breadth
53
Persistence
51
Relative
32
Risk quality
88
What supports the view
- No major confirming factor has secured control.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Breadth remains too narrow or inconsistent for a high-conviction position.
- Constituent persistence remains divided or predominantly negative.
- The group is not yet delivering dependable relative outperformance.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 24 percentage points.
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.
The Activity Lines, Trend Line and price acceptance remain genuinely mixed.
State age2 weeks
Trend gateDown
Fan width3.18%
Fast versus slow change2.25 pts
Above 0%
Below 50%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
50% agreement
Positive regime, shorter trend weakening
The long trend remains positive, but the 13-week horizon has turned against it.
13-week
-4.9%
26-week
-9.9%
39-week
4.3%
52-week
5.3%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
57%positive
Coherent positive20%
Coherent negative25%
Average horizon agreement81%
Positive horizon share50%
Weakening positives11
Repairing negatives9
65 constituents measured as of 28 Aug 2026. Median trend age is 22 weeks.
Custom stage map
100% coverage
Where constituents sit in the cycle
52%Stage 4
Stage 1 · Basing17%11 securities
Stage 2 · Advancing28%18 securities
Stage 3 · Distribution3%2 securities
Stage 4 · Declining52%34 securities
Re-acceleration watch0
Transition watch11
Relative strength leaders23%
Fair Value repairs3
Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
77/100 mean confidence
How market energy is distributed
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 BR Market Structure
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than BR Market Structure. A falling line means capital has done better in the parent benchmark.
Relative index77.5
13-week trend78.4
4-week trend change-2.80%
Weekly peer rank8 of 11
1 week
-0.5 pts
relative
4 weeks
0.9 pts
relative
13 weeks
-7.0 pts
relative
26 weeks
-6.8 pts
relative
52 weeks
2.4 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
55%
advanced
- Advancing
- 36
- Declining
- 25
- Unchanged
- 4
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility12.9%
Drawdown from 52-week high-9.9%
Positive weeks, last 1346%
Current directional run2 weeks
Turnover versus 13-week norm222%
Breadth impulse10.4 pts
Cross-section
65 measured
Return distribution
Q1 -2.8%
Median 0.7%
Q3 3.2%
Average winner4.0%
Average loser-4.2%
Dispersion5.5 pts
Top-five upside share44%
Top-five capital share42%
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.
Industry map
Where sector leadership is forming
Performance, breadth and trend acceptance across every qualified industry.
3/7
positive
Above Trend Line5/771% of industries
Constructive breadth4/7At least half advancing
Median industry-0.12%2.67 pts dispersion
#1
Advancing
Steel
4.25%
Participation88%
vs Trend1.4%
vs Fair Value15.1%
Members17
#2
Advancing
Other Industrial Metals & Mining
2.69%
Participation67%
vs Trend0.1%
vs Fair Value25.4%
Members3
#3
Advancing
Paper & Paper Products
1.62%
Participation100%
vs Trend3.1%
vs Fair Value2.0%
Members4
#4
Weakening
Agricultural Inputs
-0.12%
Participation56%
vs Trend-9.7%
vs Fair Value-35.9%
Members9
#5
Narrowing
Specialty Chemicals
-1.13%
Participation22%
vs Trend5.0%
vs Fair Value10.4%
Members9
#6
Narrowing
Gold
-1.98%
Participation25%
vs Trend13.3%
vs Fair Value108.8%
Members4
#7
Contracting
Chemicals
-4.12%
Participation18%
vs Trend-18.0%
vs Fair Value-26.4%
Members11
News and narrative
Does company news confirm the market tape?
Sentiment evidence is still developing
Qualified company-level news coverage is not yet broad enough to influence the group view.
0 qualified records across 65 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
All 65 measured constituents, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.