The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
55
technical evidence
out of 100
out of 100
Week Ending: 11 September 2026
Brazil BR Utilities Industry
Utilities - Diversified
For the week ending 11 September 2026, Utilities - Diversified advanced 1.03% with 1 advancing, 1 declining, and 2 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.
Current architecture
Rotation Down
Fast Activity Lines are losing the slow pair and price acceptance is deteriorating.
55
technical evidence
Index2084.85
1 week1.03%
Breadth25%
Members4
Country
🇧🇷 Brazil · BR
Sector
Utilities
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
Rotation Down
1 completed week in this state
Trend acceptance
-0.9%
Index versus Trend Line
Persistence
100%
Positive across every horizon
Participation
25%
1 advancing, 1 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
39
Breadth
36
Persistence
69
Relative
79
Risk quality
91
What supports the view
- 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.
- Breadth remains too narrow or inconsistent for a high-conviction position.
- The current 13-week parent-relative trend is weakening.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 25 percentage points.
- Positive contribution is concentrated in a small leadership cohort.
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.
Fast Activity Lines are losing the slow pair and price acceptance is deteriorating.
State age1 weeks
Trend gateDown
Fan width1.66%
Fast versus slow change-0.28 pts
Above 0%
Below 33%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
100% agreement
Positive across every horizon
The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.
13-week
0.5%
26-week
1.2%
39-week
8.4%
52-week
30.0%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
75%positive
Coherent positive50%
Coherent negative25%
Average horizon agreement81%
Positive horizon share56%
Weakening positives1
Repairing negatives0
4 constituents measured as of 11 Sep 2026. Median trend age is 22 weeks.
Custom stage map
100% coverage
Where constituents sit in the cycle
50%Stage 4
Stage 1 · Basing25%1 securities
Stage 2 · Advancing25%1 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining50%2 securities
Re-acceleration watch1
Transition watch0
Relative strength leaders0%
Fair Value repairs0
Measured as of 11 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
75/100 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 Utilities
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Utilities. A falling line means capital has done better in the parent benchmark.
Relative index92.1
13-week trend93.8
4-week trend change0.26%
Weekly peer rank2 of 5
1 week
-0.1 pts
relative
4 weeks
-3.2 pts
relative
13 weeks
0.5 pts
relative
26 weeks
4.6 pts
relative
52 weeks
19.6 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
25%
advanced
- Advancing
- 1
- Declining
- 1
- Unchanged
- 2
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility16.5%
Drawdown from 52-week high-6.0%
Positive weeks, last 1346%
Current directional run3 weeks
Turnover versus 13-week norm125%
Breadth impulse-22.9 pts
Cross-section
4 measured
Return distribution
Q1 -0.2%
Median 0.0%
Q3 1.2%
Average winner5.0%
Average loser-0.8%
Dispersion2.3 pts
Top-five upside share100%
Top-five capital share100%
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 4 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 4 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.