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 Sector
Financial Services
For the week ending 04 September 2026, Financial Services advanced 1.95% with 82 advancing, 32 declining, and 3 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.
58
technical evidence
Index1196.74
1 week1.95%
Breadth70%
Members117
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
8 completed weeks in this state
Trend acceptance
2.7%
Index versus Trend Line
Persistence
75%
Negative regime, shorter trend repairing
Participation
70%
82 advancing, 32 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
43
Breadth
63
Persistence
43
Relative
76
Risk quality
93
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 40 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 age8 weeks
Trend gateMixed
Fan width2.03%
Fast versus slow change2.00 pts
Above 50%
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
8.0%
26-week
-2.6%
39-week
-3.5%
52-week
-8.7%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
27%positive
Coherent positive15%
Coherent negative7%
Average horizon agreement77%
Positive horizon share44%
Weakening positives4
Repairing negatives75
117 constituents measured as of 4 Sep 2026. Median trend age is 15 weeks.
Custom stage map
100% coverage
Where constituents sit in the cycle
64%Stage 4
Stage 1 · Basing6%7 securities
Stage 2 · Advancing24%28 securities
Stage 3 · Distribution6%7 securities
Stage 4 · Declining64%75 securities
Re-acceleration watch3
Transition watch63
Relative strength leaders41%
Fair Value repairs1
Measured as of 4 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
72/100 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 index90.8
13-week trend88.0
4-week trend change3.00%
Weekly peer rank2 of 11
1 week
2.4 pts
relative
4 weeks
3.3 pts
relative
13 weeks
12.1 pts
relative
26 weeks
7.3 pts
relative
52 weeks
-9.7 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
70%
advanced
- Advancing
- 82
- Declining
- 32
- Unchanged
- 3
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility11.5%
Drawdown from 52-week high-6.8%
Positive weeks, last 1362%
Current directional run2 weeks
Turnover versus 13-week norm236%
Breadth impulse18.2 pts
Cross-section
117 measured
Return distribution
Q1 -0.2%
Median 1.6%
Q3 3.8%
Average winner3.3%
Average loser-1.4%
Dispersion3.3 pts
Top-five upside share20%
Top-five capital share49%
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.
5/6
positive
Above Trend Line4/667% of industries
Constructive breadth4/6At least half advancing
Median industry2.09%1.76 pts dispersion
#1
Advancing
Banks - Diversified
3.86%
Participation100%
vs Trend10.5%
vs Fair Value31.2%
Members5
#2
Advancing
Banks - Regional
3.65%
Participation97%
vs Trend4.8%
vs Fair Value15.8%
Members37
#3
Advancing
Insurance - Life
3.56%
Participation80%
vs Trend1.5%
vs Fair Value12.0%
Members5
#4
Advancing
Capital Markets
0.63%
Participation54%
vs Trend1.9%
vs Fair Value4.1%
Members46
#5
Transition
Financial Conglomerates
0.22%
Participation44%
vs Trend-1.8%
vs Fair Value8.8%
Members9
#6
Contracting
Asset Management
-0.24%
Participation40%
vs Trend-3.8%
vs Fair Value-4.1%
Members10
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 117 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
Top 100 of 117 shown, 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.