The evidence is constructive, but security selection and entry discipline still matter.
69
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
Brazil BR Basic Materials Industry
Steel
For the week ending 28 August 2026, Steel advanced 4.25% with 15 advancing, 2 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.
Current architecture
Balance
Directional pressure is compressed and neither side has durable control.
69
technical evidence
Index2660.07
1 week4.25%
Breadth88%
Members17
Country
🇧🇷 Brazil · BR
Sector
Basic Materials
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
Balance
1 completed week in this state
Trend acceptance
1.4%
Index versus Trend Line
Persistence
75%
Positive regime, shorter trend weakening
Participation
88%
15 advancing, 2 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
Selective
Five-pillar map
Trend
52
Breadth
69
Persistence
66
Relative
97
Risk quality
89
What supports the view
- Participation is broad enough to support the index move.
- Constituent trends show positive multi-horizon persistence.
- Medium-term relative returns and peer standing remain constructive.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- The current 13-week parent-relative trend is weakening.
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.
Directional pressure is compressed and neither side has durable control.
State age1 weeks
Trend gateMixed
Fan width1.27%
Fast versus slow change-0.33 pts
Above 33%
Below 33%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
75% agreement
Positive regime, shorter trend weakening
The long trend remains positive, but the 13-week horizon has turned against it.
13-week
-5.1%
26-week
0.6%
39-week
15.3%
52-week
27.5%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
71%positive
Coherent positive47%
Coherent negative29%
Average horizon agreement90%
Positive horizon share60%
Weakening positives3
Repairing negatives0
17 constituents measured as of 28 Aug 2026. Median trend age is 37 weeks.
Custom stage map
100% coverage
Where constituents sit in the cycle
53%Stage 4
Stage 1 · Basing0%0 securities
Stage 2 · Advancing47%8 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining53%9 securities
Re-acceleration watch0
Transition watch0
Relative strength leaders18%
Fair Value repairs0
Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
76/100 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 Basic Materials
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Basic Materials. A falling line means capital has done better in the parent benchmark.
Relative index116.7
13-week trend117.6
4-week trend change0.45%
Weekly peer rank1 of 7
1 week
3.6 pts
relative
4 weeks
-3.0 pts
relative
13 weeks
-0.1 pts
relative
26 weeks
10.6 pts
relative
52 weeks
22.2 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
88%
advanced
- Advancing
- 15
- Declining
- 2
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility18.2%
Drawdown from 52-week high-5.7%
Positive weeks, last 1346%
Current directional run1 week
Turnover versus 13-week norm207%
Breadth impulse40.7 pts
Cross-section
17 measured
Return distribution
Q1 1.7%
Median 4.5%
Q3 5.8%
Average winner5.1%
Average loser-2.5%
Dispersion4.0 pts
Top-five upside share59%
Top-five capital share90%
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?
Sentiment evidence is still developing
Qualified company-level news coverage is not yet broad enough to influence the group view.
0 qualified records across 17 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 17 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.