The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
49
technical evidence
out of 100
out of 100
Week Ending: 4 September 2026
China CN Sector
Consumer Defensive
For the week ending 04 September 2026, Consumer Defensive advanced 1.53% with 156 advancing, 98 declining, and 4 unchanged constituents. The index is equal weighted and built from country-listed equities.
Current architecture
Unresolved
The Activity Lines, Trend Line and price acceptance remain genuinely mixed.
49
technical evidence
Index1260.47
1 week1.53%
Breadth60%
Members258
Country
🇨🇳 China · CN
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
Unresolved
5 completed weeks in this state
Trend acceptance
0.6%
Index versus Trend Line
Persistence
75%
Negative regime, shorter trend repairing
Participation
60%
156 advancing, 98 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
35
Breadth
60
Persistence
30
Relative
65
Risk quality
83
What supports the view
- Participation is broad enough to support the index move.
- Relative performance is improving within its parent hierarchy.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Constituent persistence remains divided or predominantly negative.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 62 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 Lines, Trend Line and price acceptance remain genuinely mixed.
State age5 weeks
Trend gateDown
Fan width3.61%
Fast versus slow change6.34 pts
Above 33%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
75% agreement
Negative regime, shorter trend repairing
The long trend remains negative, but shorter-horizon repair is now visible.
13-week
5.4%
26-week
-8.9%
39-week
-9.9%
52-week
-9.7%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
28%positive
Coherent positive8%
Coherent negative28%
Average horizon agreement80%
Positive horizon share31%
Weakening positives17
Repairing negatives102
258 constituents measured as of 4 Sep 2026. Median trend age is 17 weeks.
Custom stage map
100% coverage
Where constituents sit in the cycle
71%Stage 4
Stage 1 · Basing16%40 securities
Stage 2 · Advancing9%24 securities
Stage 3 · Distribution4%11 securities
Stage 4 · Declining71%182 securities
Re-acceleration watch3
Transition watch95
Relative strength leaders30%
Fair Value repairs14
Measured as of 4 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
70/100 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 CN Market Structure
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than CN Market Structure. A falling line means capital has done better in the parent benchmark.
Relative index72.5
13-week trend68.1
4-week trend change1.75%
Weekly peer rank3 of 11
1 week
1.9 pts
relative
4 weeks
5.6 pts
relative
13 weeks
9.5 pts
relative
26 weeks
0.9 pts
relative
52 weeks
-10.8 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
60%
advanced
- Advancing
- 156
- Declining
- 98
- Unchanged
- 4
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility18.9%
Drawdown from 52-week high-12.2%
Positive weeks, last 1354%
Current directional run2 weeks
Turnover versus 13-week norm270%
Breadth impulse13.0 pts
Cross-section
258 measured
Return distribution
Q1 -1.1%
Median 0.9%
Q3 3.5%
Average winner4.1%
Average loser-2.5%
Dispersion4.8 pts
Top-five upside share15%
Top-five capital share47%
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.
7/10
positive
Above Trend Line4/1040% of industries
Constructive breadth7/10At least half advancing
Median industry1.05%1.98 pts dispersion
#1
Repairing
Beverages - Wineries & Distilleries
3.52%
Participation93%
vs Trend-2.5%
vs Fair Value-21.0%
Members29
#2
Advancing
Farm Products
3.23%
Participation69%
vs Trend5.7%
vs Fair Value12.5%
Members59
#3
Repairing
Household & Personal Products
1.71%
Participation54%
vs Trend-1.9%
vs Fair Value5.0%
Members26
#4
Advancing
Education & Training Services
1.42%
Participation60%
vs Trend1.7%
vs Fair Value9.0%
Members10
#5
Repairing
Beverages - Brewers
1.10%
Participation64%
vs Trend-7.6%
vs Fair Value-7.7%
Members11
#6
Repairing
Grocery Stores
1.00%
Participation75%
vs Trend-2.3%
vs Fair Value-1.1%
Members4
#7
Advancing
Packaged Foods
0.55%
Participation52%
vs Trend0.1%
vs Fair Value2.3%
Members102
#8
Narrowing
Beverages - Non-Alcoholic
-1.42%
Participation29%
vs Trend3.4%
vs Fair Value17.9%
Members7
#9
Weakening
Confectioners
-1.82%
Participation25%
vs Trend-3.3%
vs Fair Value19.2%
Members4
#10
Weakening
Food Distribution
-2.80%
Participation20%
vs Trend-5.9%
vs Fair Value8.6%
Members5
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 258 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
Top 100 of 258 shown, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
15
603363
Fujian Aonong Biological Technology Group Incorporation Limited
SHH
8.77B
3.28
0.04 pts
9.33%
53
300864
Academy of Environmental Planning and Design, Co.,Ltd. Nanjing University
SHZ
4.61B
28.95
0.02 pts
4.36%
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.