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
Week Ending: 4 September 2026
China CN Industrials Industry
Engineering & Construction
For the week ending 04 September 2026, Engineering & Construction advanced 0.47% with 65 advancing, 76 declining, and 3 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.
41
technical evidence
Index1271.71
1 week0.47%
Breadth45%
Members144
Country
🇨🇳 China · CN
Sector
Industrials
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
3 completed weeks in this state
Trend acceptance
-5.4%
Index versus Trend Line
Persistence
100%
Negative across every horizon
Participation
45%
65 advancing, 76 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
Reduce
Five-pillar map
Trend
32
Breadth
45
Persistence
20
Relative
56
Risk quality
78
What supports the view
- Relative performance is improving within its parent hierarchy.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Breadth remains too narrow or inconsistent for a high-conviction position.
- Constituent persistence remains divided or predominantly negative.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 65 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 age3 weeks
Trend gateDown
Fan width5.08%
Fast versus slow change6.53 pts
Above 0%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
100% agreement
Negative across every horizon
The 13, 26, 39 and 52-week trends all point downward, confirming persistent contraction.
13-week
-4.7%
26-week
-14.0%
39-week
-9.0%
52-week
-0.7%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
33%positive
Coherent positive6%
Coherent negative53%
Average horizon agreement82%
Positive horizon share24%
Weakening positives24
Repairing negatives16
144 constituents measured as of 4 Sep 2026. Median trend age is 15 weeks.
Custom stage map
99% coverage
Where constituents sit in the cycle
78%Stage 4
Stage 1 · Basing4%5 securities
Stage 2 · Advancing12%17 securities
Stage 3 · Distribution7%10 securities
Stage 4 · Declining78%110 securities
Re-acceleration watch4
Transition watch16
Relative strength leaders15%
Fair Value repairs1
Measured as of 4 Sep 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 Industrials
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Industrials. A falling line means capital has done better in the parent benchmark.
Relative index82.1
13-week trend80.1
4-week trend change0.07%
Weekly peer rank9 of 24
1 week
0.6 pts
relative
4 weeks
2.0 pts
relative
13 weeks
2.2 pts
relative
26 weeks
-1.4 pts
relative
52 weeks
-3.0 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Balanced
Participation quality
45%
advanced
- Advancing
- 65
- Declining
- 76
- Unchanged
- 3
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility21.9%
Drawdown from 52-week high-15.9%
Positive weeks, last 1346%
Current directional run2 weeks
Turnover versus 13-week norm186%
Breadth impulse0.4 pts
Cross-section
144 measured
Return distribution
Q1 -2.5%
Median -0.3%
Q3 1.8%
Average winner4.3%
Average loser-2.8%
Dispersion4.9 pts
Top-five upside share30%
Top-five capital share34%
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 144 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Leading edge
1 002789Shenzhen Jianyi Decoration Group Co., Ltd.
22.14%
2
002856Shenzhen Magic Design & Decoration Engineering Co., Ltd.
20.92%
3
300649Hangzhou Landscape Architecture Design Institute Co., Ltd.
14.82%
4
002811Shenzhen Cheng Chung Design Co., Ltd.
12.60%
5
600629Arcplus Group PLC
12.22%
Weakest edge
144 001267Hui Lyu Ecological Technology Groups Co.,Ltd.
-9.77%
143
603929L&K Engineering (Suzhou) Co.,Ltd.
-8.76%
142
002081Suzhou Gold Mantis Construction Decoration Co., Ltd.
-7.50%
141
002135Zhejiang Southeast Space Frame Co., Ltd.
-6.88%
140
002586Zhejiang Reclaim Construction Group Co., Ltd.
-6.71%
Constituent ledger
Industry constituents
All 144 measured constituents, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
9
603458
Guizhou Transportation Planning Survey&Design Academe Co.,Ltd.
SHH
3.20B
9.97
0.07 pts
10.04%
12
601512
China-Singapore Suzhou Industrial Park Development Group Co., Ltd.
SHH
12.95B
8.59
0.05 pts
7.78%
31
600939
Chongqing Construction Engineering Group Corporation Limited
SHH
5.14B
2.70
0.02 pts
2.27%
42
300778
Shenzhen New Land Tool Planning & Architectural Design Co., Ltd.
SHZ
2.22B
10.89
0.01 pts
1.30%
45
301115
United Testing Inspection And Certification Technology Co., Ltd.
SHZ
5.36B
29.20
0.01 pts
1.18%
47
300826
NanJing Research Institute of Surveying, Mapping & Geotechnical Investigation,Co.Ltd.
SHZ
3.38B
14.81
0.01 pts
1.16%
68
603153
Shanghai Research Institute of Building Sciences Group Co., Ltd.
SHH
5.46B
13.27
0.00 pts
0.00%
70
301632
Guangdong Provincial Academy of Building Research Group Co., Ltd.
SHZ
5.70B
13.51
0.00 pts
-0.15%
81
300746
Hanjia Digital Intelligence Science and Technology Group Co., Ltd.
SHZ
3.19B
14.15
-0.01 pts
-0.77%
93
601668
China State Construction Engineering Corporation Limited
SHH
180.57B
4.40
-0.01 pts
-1.35%
97
600248
Shaanxi Construction Engineering Group Corporation Limited
SHH
10.77B
2.90
-0.01 pts
-1.69%
100
301167
Anhui Provincial Architectural Design and Research Institute Co.,Ltd.
SHZ
1.55B
13.76
-0.01 pts
-1.92%
106
002887
Tianjin LVYIN Landscape and Ecology Construction Co., Ltd
SHZ
2.84B
9.28
-0.02 pts
-2.42%
121
601068
China Aluminum International Engineering Corporation Limited
SHH
13.59B
4.55
-0.02 pts
-3.19%
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.