The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
58
technical evidence
out of 100
out of 100
Week Ending: 4 September 2026
China CN Consumer Defensive Industry
Farm Products
For the week ending 04 September 2026, Farm Products advanced 3.23% with 41 advancing, 18 declining, and 0 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.
Current architecture
Unresolved
The Activity Lines, Trend Line and price acceptance remain genuinely mixed.
58
technical evidence
Index1180.87
1 week3.23%
Breadth69%
Members59
Country
🇨🇳 China · CN
Sector
Consumer Defensive
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
6 completed weeks in this state
Trend acceptance
5.7%
Index versus Trend Line
Persistence
50%
Positive regime, horizons divided
Participation
69%
41 advancing, 18 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
42
Breadth
62
Persistence
47
Relative
82
Risk quality
84
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 43 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 age6 weeks
Trend gateMixed
Fan width5.70%
Fast versus slow change8.88 pts
Above 33%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
50% agreement
Positive regime, horizons divided
The 52-week trend is positive, although not every measured horizon confirms it.
13-week
12.9%
26-week
-6.9%
39-week
-2.2%
52-week
0.3%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
41%positive
Coherent positive15%
Coherent negative10%
Average horizon agreement78%
Positive horizon share44%
Weakening positives2
Repairing negatives26
59 constituents measured as of 4 Sep 2026. Median trend age is 16 weeks.
Custom stage map
100% coverage
Where constituents sit in the cycle
53%Stage 4
Stage 1 · Basing29%17 securities
Stage 2 · Advancing10%6 securities
Stage 3 · Distribution9%5 securities
Stage 4 · Declining53%31 securities
Re-acceleration watch1
Transition watch33
Relative strength leaders53%
Fair Value repairs5
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 Consumer Defensive
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Consumer Defensive. A falling line means capital has done better in the parent benchmark.
Relative index105.3
13-week trend99.6
4-week trend change0.70%
Weekly peer rank2 of 10
1 week
1.7 pts
relative
4 weeks
8.3 pts
relative
13 weeks
7.5 pts
relative
26 weeks
2.0 pts
relative
52 weeks
10.0 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
69%
advanced
- Advancing
- 41
- Declining
- 18
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility21.6%
Drawdown from 52-week high-7.1%
Positive weeks, last 1354%
Current directional run6 weeks
Turnover versus 13-week norm354%
Breadth impulse16.8 pts
Cross-section
59 measured
Return distribution
Q1 -0.8%
Median 2.0%
Q3 6.6%
Average winner5.8%
Average loser-2.7%
Dispersion6.0 pts
Top-five upside share34%
Top-five capital share57%
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 59 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Leading edge
1 600540Xinjiang Sayram Modern Agriculture Co., Ltd
20.99%
2
600371Wanxiang Doneed Co., ltd
18.72%
3
600108Gansu Yasheng Industrial (Group) Co., Ltd.
14.44%
4
600506Tongyi Carbon Neutral Technology (Xinjiang) Co., Ltd
14.30%
5
603668Fujian Tianma Science and Technology Group Co., Ltd
13.51%
Weakest edge
59 300970Jiangsu Chinagreen Biological Technology Group Co.,Ltd.
-7.40%
58
300313Xinjiang Tianshan Animal Husbandry Bio-engineering Co., Ltd.
-6.25%
57
300972Fujian Wanchen Food Group Co., Ltd.
-5.16%
56
300511Shanghai Xuerong Biotechnology Co.,Ltd.
-4.37%
55
603336Great-Sun Foods Co., Ltd.
-4.29%
Constituent ledger
Industry constituents
All 59 measured constituents, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
9
603363
Fujian Aonong Biological Technology Group Incorporation Limited
SHH
8.77B
3.28
0.16 pts
9.33%
45
601952
Jiangsu Provincial Agricultural Reclamation and Development Co.,Ltd.
SHH
13.26B
9.32
-0.01 pts
-0.85%
58
300313
Xinjiang Tianshan Animal Husbandry Bio-engineering Co., Ltd.
SHZ
3.45B
14.39
-0.11 pts
-6.25%
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.