Week Ending: 28 August 2026

Brazil BR Financial Services Industry

Banks - Diversified

For the week ending 28 August 2026, Banks - Diversified advanced 2.61% with 13 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.

89 technical evidence
Index5538.32 1 week2.61% Breadth100% Members13
Country 🇧🇷 Brazil · BR
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 11 completed weeks in this state
Trend acceptance 16.1% Index versus Trend Line
Persistence 100% Positive across every horizon
Participation 100% 13 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.

89 technical evidence
out of 100
Evidence balance

Five-pillar map

Position
Trend
88
Breadth
83
Persistence
100
Relative
88
Risk quality
94
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.
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 4,769.62 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 age11 weeks
Trend gateUp
Fan width9.25%
Fast versus slow change-0.17 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
19.2%
26-week
24.1%
39-week
31.4%
52-week
39.8%
Regime age104 weeks 52-week flips0 52-week boundary3961.97
Constituent trend persistence

Is the index move broadly durable?

100% coverage
Coherent positive92%
Coherent negative0%
Average horizon agreement98%
Positive horizon share98%
Weakening positives0
Repairing negatives0

13 constituents measured as of 28 Aug 2026. Median trend age is 144 weeks.

Custom stage map

Where constituents sit in the cycle

100% coverage
Stage 1 · Basing8%1 securities
Stage 2 · Advancing92%12 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining0%0 securities
Re-acceleration watch0 Transition watch1 Relative strength leaders92% 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

82/100 mean confidence
Upward expansion
85% 11
Rotation up
8% 1
Deceleration
8% 1
Balance
0% 0
Rotation down
0% 0
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 index188.0
13-week trend182.1
4-week trend change4.44%
Weekly peer rank3 of 9
1 week
0.7 pts relative
4 weeks
3.0 pts relative
13 weeks
13.1 pts relative
26 weeks
23.0 pts relative
52 weeks
28.2 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Broad
Advancing
13
Declining
0
Unchanged
0
4-week average 71%
13-week average 65%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility17.4%
Drawdown from 52-week high-2.1%
Positive weeks, last 1377%
Current directional run1 week
Turnover versus 13-week norm145%
Breadth impulse37.8 pts
Cross-section

Return distribution

13 measured
Q1 1.2% Median 2.2% Q3 4.5%
Average winner2.6%
Average loser%
Dispersion1.5 pts
Top-five upside share63%
Top-five capital share64%
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.

0 qualified records across 13 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 UBSG34UBS Group AG
4.82% 2 S1MF34Sumitomo Mitsui Financial Group, Inc.
4.65% 3 WFCO34Wells Fargo & Company
4.56% 4 M1UF34Mitsubishi UFJ Financial Group, Inc.
4.48% 5 JPMC34JPMorgan Chase & Co.
2.86%

Weakest edge

13 H1SB34HSBC Holdings plc
0.78% 12 BILB34Banco Bilbao Vizcaya Argentaria, S.A.
1.10% 11 BCSA34Banco Santander, S.A.
1.16% 10 B1CS34Barclays PLC
1.21% 9 BONY34The Bank of New York Mellon Corporation
1.61%

Constituent ledger

Industry constituents

All 13 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 UBSG34 UBS Group AG SAO 787.46B 71.61 0.37 pts
4.82%
2 S1MF34 Sumitomo Mitsui Financial Group, Inc. SAO 710.36B 134.68 0.36 pts
4.65%
3 WFCO34 Wells Fargo & Company SAO 1.18T 112.37 0.35 pts
4.56%
4 M1UF34 Mitsubishi UFJ Financial Group, Inc. SAO 1.07T 118.95 0.34 pts
4.48%
5 JPMC34 JPMorgan Chase & Co. SAO 3.99T 186.16 0.22 pts
2.86%
6 BOAC34 Bank of America Corporation SAO 1.84T 79.41 0.18 pts
2.40%
7 CTGP34 Citigroup Inc. SAO 1.10T 114.68 0.17 pts
2.19%
8 INGG34 ING Groep N.V. SAO 451.44B 183.78 0.16 pts
2.10%
9 BONY34 The Bank of New York Mellon Corporation SAO 491.21B 843.36 0.12 pts
1.61%
10 B1CS34 Barclays PLC SAO 414.71B 140.00 0.09 pts
1.21%
11 BCSA34 Banco Santander, S.A. SAO 892.10B 76.16 0.09 pts
1.16%
12 BILB34 Banco Bilbao Vizcaya Argentaria, S.A. SAO 660.44B 151.50 0.08 pts
1.10%
13 H1SB34 HSBC Holdings plc SAO 1.60T 134.69 0.06 pts
0.78%

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

Evidence context