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: 28 August 2026
Canada CA Sector
Healthcare
For the week ending 28 August 2026, Healthcare declined 0.22% with 16 advancing, 23 declining, and 6 unchanged constituents. The index is equal weighted and built from country-listed equities.
Current architecture
Upward Expansion
The activity fan is positively ordered above a rising Trend Line with price accepted above it.
55
technical evidence
Index632.33
1 week-0.22%
Breadth36%
Members46
Country
🇨🇦 Canada · CA
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
3 completed weeks in this state
Trend acceptance
5.4%
Index versus Trend Line
Persistence
100%
Positive across every horizon
Participation
36%
16 advancing, 23 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
69
Breadth
35
Persistence
50
Relative
43
Risk quality
91
What supports the view
- The index remains above a constructive Trend gate.
What restrains conviction
- 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 14 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 fan is positively ordered above a rising Trend Line with price accepted above it.
State age3 weeks
Trend gateUp
Fan width3.46%
Fast versus slow change2.56 pts
Above 67%
Below 17%
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
5.0%
26-week
4.1%
39-week
5.2%
52-week
0.8%
Constituent trend persistence
93% coverage
Is the index move broadly durable?
48%positive
Coherent positive21%
Coherent negative17%
Average horizon agreement73%
Positive horizon share48%
Weakening positives7
Repairing negatives7
42 constituents measured as of 28 Aug 2026. Median trend age is 27 weeks.
Custom stage map
93% coverage
Where constituents sit in the cycle
45%Stage 4
Stage 1 · Basing19%8 securities
Stage 2 · Advancing31%13 securities
Stage 3 · Distribution5%2 securities
Stage 4 · Declining45%19 securities
Re-acceleration watch1
Transition watch3
Relative strength leaders21%
Fair Value repairs4
Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
73/100 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 CA Market Structure
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than CA Market Structure. A falling line means capital has done better in the parent benchmark.
Relative index61.2
13-week trend60.4
4-week trend change0.44%
Weekly peer rank4 of 11
1 week
0.4 pts
relative
4 weeks
-0.4 pts
relative
13 weeks
3.5 pts
relative
26 weeks
1.4 pts
relative
52 weeks
-30.1 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
36%
advanced
- Advancing
- 16
- Declining
- 23
- Unchanged
- 6
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility16.1%
Drawdown from 52-week high-4.0%
Positive weeks, last 1346%
Current directional run1 week
Turnover versus 13-week norm152%
Breadth impulse-10.6 pts
Cross-section
45 measured
Return distribution
Q1 -2.3%
Median -0.2%
Q3 1.9%
Average winner4.8%
Average loser-3.8%
Dispersion5.1 pts
Top-five upside share60%
Top-five capital share63%
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.
2/4
positive
Above Trend Line3/475% of industries
Constructive breadth1/4At least half advancing
Median industry0.04%2.31 pts dispersion
#1
Advancing
Health Information Services
4.48%
Participation100%
vs Trend6.8%
vs Fair Value9.2%
Members3
#2
Narrowing
Biotechnology
1.04%
Participation27%
vs Trend5.3%
vs Fair Value-6.9%
Members11
#3
Narrowing
Drug Manufacturers - Specialty & Generic
-0.96%
Participation33%
vs Trend8.1%
vs Fair Value11.1%
Members21
#4
Weakening
Medical Care Facilities
-1.34%
Participation33%
vs Trend-2.8%
vs Fair Value26.1%
Members6
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 45 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
All 45 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.