Counter-trend rallies may occur, but primary structure and persistence do not yet support adding risk.
41
technical evidence
out of 100
out of 100
Business Equipment & Supplies
For the week ending 09 October 2026, Business Equipment & Supplies advanced 0.51% with 13 advancing, 7 declining, and 1 unchanged constituents.
- Index level
- 1,249.06 Index points · base 1,000
- Weekly return
- 0.51%
- Measured companies
- 21 21 in the index universe
- Weekly breadth
- 13 up / 7 down 1 unchanged
- Weekly peer rank
- 9 of 24
Universe country-listed · Equity onlyPrice basis Adjusted weekly closeConstruction Capped equal-weight returns · Weekly rebuild
Explore Industrials →
156 completed weeks
Business Equipment & Supplies price and trend
Current architecture
Unresolved
9 completed weeks in this state
Trend acceptance
-4.0%
Index versus Trend Line
Persistence
75%
Negative regime, shorter trend repairing
Participation
62%
13 advancing, 7 declining
Index Value
Trend Line
Fair Value
Activity Lines
Constructive Transition Defensive
Weekly index closes and the Trend Line. Dashed grey shows the latest Fair Value reference; it is not a historical forecast. Enable the other overlays for more detail.
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
Reduce
Five-pillar map
Trend
30
Breadth
56
Persistence
14
Relative
50
Risk quality
73
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.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 76 percentage points.
- Positive contribution is concentrated in a small leadership cohort.
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 age9 weeks
Trend gateDown
Fan width1.93%
Fast versus slow change1.36 pts
Above 17%
Below 17%
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
5.2%
26-week
-14.2%
39-week
-20.7%
52-week
-17.4%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
14%positive
Coherent positive5%
Coherent negative48%
Average horizon agreement86%
Positive horizon share21%
Weakening positives1
Repairing negatives8
21 constituents measured as of 2 Oct 2026. Median trend age is 18 weeks.
Custom stage map
100% coverage
Where constituents sit in the cycle
86%Stage 4
Stage 1 · Basing5%1 securities
Stage 2 · Advancing10%2 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining86%18 securities
Re-acceleration watch0
Transition watch3
Relative strength leaders19%
Fair Value repairs1
Measured as of 2 Oct 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
71/100 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 Industrials
Relative index
13-week relative trend
Starting level
The relative index starts at 100. Above 100 means this group has outperformed Industrials since the first plotted date; below 100 means it has lagged. A rising line can show relative improvement even when both markets are falling.
Relative index80.4
13-week trend78.9
4-week trend change2.40%
Weekly peer rank9 of 24
1 week
1.4 pts
relative
4 weeks
2.3 pts
relative
13 weeks
7.6 pts
relative
26 weeks
-4.0 pts
relative
52 weeks
-14.7 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
62%
advanced
- Advancing
- 13
- Declining
- 7
- Unchanged
- 1
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility23.2%
Drawdown from 52-week high-23.9%
Positive weeks, last 1354%
Current directional run1 week
Turnover versus 13-week norm70%
Breadth impulse12.7 pts
Cross-section
21 measured
Return distribution
0Below −5%0%
4−5% to −1%19%
8−1% to +1%38%
9+1% to +5%43%
0Above +5%0%
Weekly returns across measured companies. Bars are scaled to the largest group; percentages show each group’s share.
Q1 -0.4%
Median 0.8%
Q3 1.9%
Average winner1.9%
Average loser-2.0%
Dispersion2.3 pts
Top-five upside share68%
Top-five capital share52%
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 price change
Index price change over 30 weeks, or the available history if shorter. Green above zero; red below.
Breadth cycle
Net participation
Advancers less decliners as a percentage of measured constituents.
Within the same sector
Where are returns broadly supported?
Compare the weekly result with the share of companies advancing.
↑ Companies advancing · 50% marks half of measured companies
−2.9%Weekly index return · zero at centre+2.9%
Compare return with participationHover or focus a marker for the full reading. Select it to open the report.
Markers show weekly return rank. Hover or focus for the name. Fine lines connect separated markers to their actual positions. Up, down and unchanged companies all count in participation.
| Rank / Industry | Weekly return | Advancing share | Up / down | Companies | Week ending |
|---|---|---|---|---|---|
| 1Industrial DistributionIndustrials | 2.09% | 75% | 3 / 0 | 4 | 9 Oct 2026 |
| 2Infrastructure OperationsIndustrials | 1.88% | 100% | 23 / 0 | 23 | 9 Oct 2026 |
| 3Integrated Freight & LogisticsIndustrials | 1.50% | 82% | 28 / 6 | 34 | 9 Oct 2026 |
| 4Marine ShippingIndustrials | 1.07% | 78% | 28 / 5 | 36 | 9 Oct 2026 |
| 5Consulting ServicesIndustrials | 0.96% | 50% | 2 / 2 | 4 | 9 Oct 2026 |
| 6Specialty Business ServicesIndustrials | 0.95% | 67% | 18 / 9 | 27 | 9 Oct 2026 |
| 7RailroadsIndustrials | 0.68% | 67% | 26 / 13 | 39 | 9 Oct 2026 |
| 8Waste ManagementIndustrials | 0.67% | 58% | 31 / 20 | 53 | 9 Oct 2026 |
| 9Business Equipment & SuppliesIndustrials | 0.51% | 62% | 13 / 7 | 21 | 9 Oct 2026 |
| 10Rental & Leasing ServicesIndustrials | 0.38% | 67% | 2 / 1 | 3 | 9 Oct 2026 |
| 11TruckingIndustrials | 0.28% | 57% | 4 / 2 | 7 | 9 Oct 2026 |
| 12Pollution & Treatment ControlsIndustrials | 0.26% | 50% | 15 / 15 | 30 | 9 Oct 2026 |
| 13ConglomeratesIndustrials | 0.20% | 55% | 21 / 15 | 38 | 9 Oct 2026 |
| 14Farm & Heavy Construction MachineryIndustrials | 0.19% | 61% | 28 / 17 | 46 | 9 Oct 2026 |
| 15Building Products & EquipmentIndustrials | -0.17% | 50% | 22 / 19 | 44 | 9 Oct 2026 |
| 16Engineering & ConstructionIndustrials | -0.48% | 42% | 61 / 78 | 144 | 9 Oct 2026 |
| 17Airports & Air ServicesIndustrials | -0.53% | 20% | 1 / 4 | 5 | 9 Oct 2026 |
| 18Security & Protection ServicesIndustrials | -0.60% | 55% | 12 / 10 | 22 | 9 Oct 2026 |
| 19AirlinesIndustrials | -0.83% | 11% | 1 / 7 | 9 | 9 Oct 2026 |
| 20Electrical Equipment & PartsIndustrials | -1.02% | 37% | 103 / 170 | 279 | 9 Oct 2026 |
| 21Specialty Industrial MachineryIndustrials | -1.71% | 33% | 137 / 275 | 420 | 9 Oct 2026 |
| 22Aerospace & DefenseIndustrials | -2.24% | 10% | 6 / 56 | 62 | 9 Oct 2026 |
| 23Metal FabricationIndustrials | -2.70% | 15% | 12 / 70 | 82 | 9 Oct 2026 |
| 24Tools & AccessoriesIndustrials | -2.87% | 27% | 11 / 29 | 41 | 9 Oct 2026 |
China · Weekly return relationships
Which markets move together?
Compare sectors and industries within China over the same 52-week window. Strong positive relationships can mean that apparently different holdings share the same risk.
Closest: Industrials and Consumer Cyclical (0.93; 51 weeks).
11 indexes · 55 qualifying pairsClosest: Specialty Industrial Machinery and Metal Fabrication (0.98; 51 weeks).
113 indexes · 6328 qualifying pairs−1 · Opposite0 · No linear link+1 · Together
Read the market at the top against the market at the left. The diagonal compares each index with itself. Up to 10 indexes are shown, ordered by constituent coverage. Select a cell to inspect a pair, or use the selectors for other markets.
Closest to the reference
Pearson correlation of weekly percentage returns through 9 Oct 2026: +1 means moving together, 0 little linear relationship, −1 moving in opposite directions. Requires 39 matching observations for the 52-week comparison and 10 for the recent 13 weeks. Missing weeks are excluded, not filled with zero. Constant series have no defined correlation. These are local-currency, capped equal-weight indexes; sectors and their component industries overlap. A lower correlation does not establish a hedge.
Sector correlations compare broad business groups. Industry correlations reveal closer links within and across sectors. The selectors retain all qualified groups; the matrix shows the ten largest by company coverage.
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 21 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Leading edge
1 300546Shenzhen Emperor Technology Co., Ltd.
4.12%
2
603106Cashway Fintech Co.,Ltd.
3.77%
3
002177Guangzhou Kingteller Technology Co.,Ltd.
3.68%
4
300479Synthesis Electronic Technology Co.,Ltd.
2.74%
5
002104Hengbao Co.,Ltd.
2.37%
Weakest edge
21 300689Shenzhen Chengtian Weiye Technology Co., Ltd.
-4.32%
20
300205Wuhan Tianyu Information Industry Co., Ltd.
-4.18%
19
301187Suzhou Alton Electrical & Mechanical Industry Co., Ltd.
-2.24%
18
002301Shenzhen Comix Group Co., Ltd.
-1.99%
17
300729Loctek Ergonomic Technology Corp.
-0.63%
Constituent ledger
Industry constituents
All 21 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.