The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
53
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
Canada CA Sector
Technology
For the week ending 28 August 2026, Technology advanced 0.81% with 20 advancing, 17 declining, and 2 unchanged constituents. The index is equal weighted and built from country-listed equities.
Current architecture
Deceleration
The positive Trend gate remains, but fan energy or fast-line momentum is cooling.
53
technical evidence
Index1403.05
1 week0.81%
Breadth51%
Members39
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
Deceleration
3 completed weeks in this state
Trend acceptance
-0.1%
Index versus Trend Line
Persistence
75%
Negative regime, horizons divided
Participation
51%
20 advancing, 17 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
52
Breadth
56
Persistence
40
Relative
50
Risk quality
80
What supports the view
- Participation is broad enough to support the index move.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Constituent persistence remains divided or predominantly negative.
- The group is not yet delivering dependable relative outperformance.
- Activity Line energy is decelerating despite the positive Trend gate.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 13 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 positive Trend gate remains, but fan energy or fast-line momentum is cooling.
State age3 weeks
Trend gateUp
Fan width1.26%
Fast versus slow change0.61 pts
Above 17%
Below 50%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
75% agreement
Negative regime, horizons divided
The 52-week trend is negative, while shorter horizons remain mixed.
13-week
-7.8%
26-week
4.9%
39-week
-7.8%
52-week
-8.7%
Constituent trend persistence
95% coverage
Is the index move broadly durable?
35%positive
Coherent positive11%
Coherent negative19%
Average horizon agreement71%
Positive horizon share44%
Weakening positives7
Repairing negatives13
37 constituents measured as of 28 Aug 2026. Median trend age is 47 weeks.
Custom stage map
95% coverage
Where constituents sit in the cycle
32%Stage 4
Stage 1 · Basing30%11 securities
Stage 2 · Advancing19%7 securities
Stage 3 · Distribution19%7 securities
Stage 4 · Declining32%12 securities
Re-acceleration watch0
Transition watch7
Relative strength leaders14%
Fair Value repairs9
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 index67.0
13-week trend70.4
4-week trend change-1.97%
Weekly peer rank1 of 11
1 week
1.4 pts
relative
4 weeks
-6.0 pts
relative
13 weeks
-9.3 pts
relative
26 weeks
2.2 pts
relative
52 weeks
-39.6 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Balanced
Participation quality
51%
advanced
- Advancing
- 20
- Declining
- 17
- Unchanged
- 2
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility19.4%
Drawdown from 52-week high-13.9%
Positive weeks, last 1331%
Current directional run1 week
Turnover versus 13-week norm148%
Breadth impulse9.0 pts
Cross-section
39 measured
Return distribution
Q1 -2.1%
Median 0.1%
Q3 3.1%
Average winner4.8%
Average loser-3.7%
Dispersion6.1 pts
Top-five upside share63%
Top-five capital share99%
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.
3/4
positive
Above Trend Line1/425% of industries
Constructive breadth3/4At least half advancing
Median industry0.36%3.67 pts dispersion
#1
Repairing
Software - Infrastructure
5.21%
Participation63%
vs Trend-4.5%
vs Fair Value-9.6%
Members8
#2
Repairing
Software - Application
0.70%
Participation56%
vs Trend-3.1%
vs Fair Value-25.6%
Members18
#3
Repairing
Information Technology Services
0.03%
Participation67%
vs Trend-2.1%
vs Fair Value-12.3%
Members3
#4
Narrowing
Communication Equipment
-5.13%
Participation0%
vs Trend0.6%
vs Fair Value31.7%
Members5
News and narrative
Does company news confirm the market tape?
55out of 100
More positive than negative
Positive company scores outnumber negative ones, but the overall score remains close to 50.
Evidence quality
50/100 confidence
Coverage before conviction
Qualified companies615% of measured constituents
Articles1219100% direct company evidence
Publishers98Independent sources represented
Latest evidence1 SepFreshness is weighted in the score
Constructive 50%Balanced 33%Cautious 17%
Price confirms news4
Price disagrees0
Negative news absorbed0
Positive but stretched2
Constructive edge
Strongest qualified tone
NVDA80/100 confidence · 503 direct
62
This $5 Trillion Company Could Be Worth $8 Trillion by 2030
MSFT51/100 confidence · 173 direct 59Prediction: Microsoft Stock Will Double on This Date
SHOP36/100 confidence · 72 direct 59Supremo Announces Availability of Shopify Inventory Management App Following June 2026 Laun…
AMD39/100 confidence · 189 direct 53Advanced Micro Devices Inc Stock (AMD) Opened Down by 3.14% on Sep 1: A Full Analysis
AAPL47/100 confidence · 227 direct 49Apple Stock Did Great During Cook’s Time as CEO—But So Did the Mag 7
Narrative risk
Weakest qualified tone
KEEL37/100 confidence · 55 direct
42
Keel Infrastructure Corp. (TSX: KEEL) Share Price, KEEL Stock News, KEEL Share Price & Upda…
AAPL47/100 confidence · 227 direct 49Apple Stock Did Great During Cook’s Time as CEO—But So Did the Mag 7
AMD39/100 confidence · 189 direct 53Advanced Micro Devices Inc Stock (AMD) Opened Down by 3.14% on Sep 1: A Full Analysis
SHOP36/100 confidence · 72 direct 59Supremo Announces Availability of Shopify Inventory Management App Following June 2026 Laun…
MSFT51/100 confidence · 173 direct 59Prediction: Microsoft Stock Will Double on This Date
Only fresh, quality-controlled company evidence is included. Industry and sector context is down-weighted and cannot create a directional group conclusion on its own.
Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
All 39 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.