Week Ending: 28 August 2026

Germany DE Sector

Technology

For the week ending 28 August 2026, Technology advanced 1.14% with 69 advancing, 46 declining, and 4 unchanged constituents. The index is equal weighted and built from country-listed equities.

Current architecture Rotation Up

Fast Activity Lines are gaining on the slow pair while price acceptance improves.

66 technical evidence
Index2051.44 1 week1.14% Breadth58% Members120
Country 🇩🇪 Germany · DE
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 Rotation Up 1 completed week in this state
Trend acceptance 5.9% Index versus Trend Line
Persistence 75% Positive regime, shorter trend weakening
Participation 58% 69 advancing, 46 declining

Investor positioning lens

Is the evidence ready for capital?

A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.

Current posture Build exposure selectively

The evidence is constructive, but security selection and entry discipline still matter.

66 technical evidence
out of 100
Evidence balance

Five-pillar map

Selective
Trend
70
Breadth
59
Persistence
52
Relative
74
Risk quality
88
What supports the view
  • The index remains above a constructive Trend gate.
  • Participation is broad enough to support the index move.
  • Medium-term relative returns and peer standing remain constructive.
What restrains conviction
  • Constituent persistence remains divided or predominantly negative.
  • The current 13-week parent-relative trend is weakening.
  • The index is extended well above current Fair Value, increasing chase risk.
Independent sentiment overlay Sentiment held separate

Qualified news coverage is too thin to alter the technical positioning view.

Evidence that would change the view
  1. A completed weekly close below the Trend Line at 1,936.40 would weaken the constructive case.
  2. Breadth falling below 45% while the index holds up would signal narrowing leadership.
  3. A turn to negative 13 and 26-week parent-relative performance would remove the rotation edge.

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.

Index architecture Rotation Up

Fast Activity Lines are gaining on the slow pair while price acceptance improves.

State age1 weeks
Trend gateUp
Fan width2.13%
Fast versus slow change0.79 pts
Above 67% Below 33%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Positive regime, shorter trend weakening

75% agreement

The long trend remains positive, but the 13-week horizon has turned against it.

13-week
-5.1%
26-week
15.4%
39-week
16.0%
52-week
22.2%
Regime age66 weeks 52-week flips0 52-week boundary1678.59
Constituent trend persistence

Is the index move broadly durable?

92% coverage
Coherent positive17%
Coherent negative21%
Average horizon agreement78%
Positive horizon share53%
Weakening positives33
Repairing negatives17

110 constituents measured as of 28 Aug 2026. Median trend age is 35 weeks.

Custom stage map

Where constituents sit in the cycle

91% coverage
Stage 1 · Basing17%18 securities
Stage 2 · Advancing32%35 securities
Stage 3 · Distribution16%17 securities
Stage 4 · Declining35%38 securities
Re-acceleration watch1 Transition watch13 Relative strength leaders19% Fair Value repairs9

Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

74/100 mean confidence
Upward expansion
24% 26
Rotation up
7% 8
Deceleration
23% 25
Balance
12% 13
Rotation down
12% 13
Downward expansion
21% 23
Unresolved
0% 0

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 DE Market Structure

Weakening
Relative index 13-week relative trend Starting level
Rotation dashboard Weakening

A rising relative line means this group is compounding faster than DE Market Structure. A falling line means capital has done better in the parent benchmark.

Relative index107.3
13-week trend107.8
4-week trend change-0.85%
Weekly peer rank4 of 11
1 week
0.2 pts relative
4 weeks
2.5 pts relative
13 weeks
-4.8 pts relative
26 weeks
12.4 pts relative
52 weeks
12.8 pts relative

Market internals

Participation, dispersion and path risk

Equal-weight index evidence with constituent-level breadth and dispersion.

Breadth

Participation quality

Broad
Advancing
69
Declining
46
Unchanged
4
4-week average 56%
13-week average 45%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility16.1%
Drawdown from 52-week high-5.1%
Positive weeks, last 1346%
Current directional run1 week
Turnover versus 13-week norm135%
Breadth impulse13.6 pts
Cross-section

Return distribution

119 measured
Q1 -1.1% Median 0.6% Q3 3.5%
Average winner4.9%
Average loser-3.3%
Dispersion8.5 pts
Top-five upside share40%
Top-five capital share70%
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.

9/11 positive
Above Trend Line9/1182% of industries
Constructive breadth8/11At least half advancing
Median industry1.32%1.67 pts dispersion
#1 Advancing

Software - Infrastructure

3.70%
Participation64% vs Trend4.5% vs Fair Value0.4% Members14
#2 Advancing

Consumer Electronics

3.25%
Participation100% vs Trend8.3% vs Fair Value45.5% Members3
#3 Transition

Software - Application

2.73%
Participation68% vs Trend9.4% vs Fair Value-3.6% Members25
#4 Repairing

Communication Equipment

1.45%
Participation82% vs Trend-0.2% vs Fair Value49.0% Members11
#5 Advancing

Electronic Components

1.40%
Participation80% vs Trend0.7% vs Fair Value63.9% Members5
#6 Advancing

Computer Hardware

1.32%
Participation67% vs Trend8.4% vs Fair Value7.3% Members6
#7 Narrowing

Scientific & Technical Instruments

0.06%
Participation33% vs Trend10.9% vs Fair Value26.9% Members3
#8 Transition

Information Technology Services

0.04%
Participation57% vs Trend4.6% vs Fair Value-4.0% Members23
#9 Advancing

Semiconductors

0.03%
Participation50% vs Trend4.4% vs Fair Value73.1% Members12
#10 Contracting

Solar

-1.01%
Participation40% vs Trend-0.8% vs Fair Value-17.4% Members5
#11 Narrowing

Semiconductor Equipment & Materials

-1.86%
Participation9% vs Trend1.8% vs Fair Value70.9% Members11

News and narrative

Does company news confirm the market tape?

Open Sentiment Intelligence
Sentiment evidence is still developing

Qualified company-level news coverage is not yet broad enough to influence the group view.

8 qualified records across 119 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 CA1Circus SE
72.75% 2 FOOSalesforce, Inc.
25.36% 3 SYPSynopsys, Inc.
13.22% 4 VRLNet-Digital AG
11.31% 5 GFTGFT Technologies SE
10.92%

Weakest edge

119 VRVVerve Group SE N
-22.14% 118 KSCKPS AG
-17.80% 117 AMImedondo holding AG
-14.67% 116 P4OPlanoptik AG
-8.10% 115 BSIBE Semiconductor Industries N.V.
-6.26%

Constituent ledger

Sector constituents

Top 100 of 119 shown, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 CA1 Circus SE GER 76.10M 3.74 0.21 pts
72.75%
2 FOO Salesforce, Inc. GER 142.85B 225.40 0.21 pts
25.36%
3 SYP Synopsys, Inc. GER 67.40B 385.50 0.11 pts
13.22%
4 VRL Net-Digital AG GER 40.85M 18.70 0.10 pts
11.31%
5 GFT GFT Technologies SE GER 576.49M 25.40 0.09 pts
10.92%
6 CDS CADENCE DESIGN SYSTEMS INC. R GER 79.08B 295.80 0.08 pts
9.70%
7 FAA Fabasoft AG GER 176.92M 17.25 0.08 pts
9.18%
8 M7U Nynomic AG GER 151.08M 23.50 0.07 pts
8.29%
9 NEM Nemetschek SE GER 7.50B 70.75 0.06 pts
7.60%
10 VRS VeriSign, Inc. GER 22.85B 258.80 0.06 pts
7.30%
11 ABX Advanced Blockchain AG GER 4.75M 1.19 0.06 pts
7.23%
12 BC8 Bechtle AG GER 4.61B 38.00 0.06 pts
7.04%
13 MSF Microsoft Corporation GER 3.15T 443.85 0.06 pts
7.03%
14 FQT Frequentis AG GER 977.03M 77.10 0.06 pts
6.93%
15 ADB Adobe Inc. GER 93.31B 252.05 0.06 pts
6.76%
16 CHG CHAPTERS Group AG GER 1.12B 46.60 0.05 pts
6.15%
17 TMV TeamViewer SE GER 1.03B 7.18 0.05 pts
5.98%
18 PTX Palantir Technologies Inc. GER 360.17B 162.06 0.05 pts
5.91%
19 P7V Photon Energy N.V. GER 17.26M 0.285 0.05 pts
5.56%
20 ORC Oracle Corporation GER 365.19B 132.08 0.04 pts
4.99%
21 IVU IVU Traffic Technologies AG GER 424.47M 25.40 0.04 pts
4.96%
22 SQ3 Block, Inc. GER 42.63B 73.05 0.04 pts
4.81%
23 BSL Basler Aktiengesellschaft GER 721.26M 24.30 0.04 pts
4.74%
24 JEN Jenoptik AG GER 2.24B 40.14 0.04 pts
4.21%
25 XPH Amphenol Corp. R GER 171.34B 138.42 0.03 pts
4.14%
26 NVD NVIDIA Corporation GER 4.39T 192.76 0.03 pts
4.08%
27 APC Apple Inc. GER 3.92T 277.40 0.03 pts
4.07%
28 IOS IONOS Group SE GER 4.51B 35.30 0.03 pts
4.01%
29 LTEC Logitech International S.A. GER 12.21B 85.38 0.03 pts
3.97%
30 AOF ATOSS Software SE GER 1.54B 101.80 0.03 pts
3.88%
31 MS51 Super Micro Computer, Inc. GER 21.09B 32.80 0.03 pts
3.14%
32 NOA3 Nokia Oyj GER 49.37B 9.04 0.03 pts
3.13%
33 CFC aconnic AG GER 6.98M 0.442 0.02 pts
2.79%
34 KTN Kontron AG GER 1.36B 22.50 0.02 pts
2.65%
35 AUD AUTODESK INC. R GER 45.57B 224.15 0.02 pts
2.56%
36 ADP Automatic Data Processing, Inc. GER 95.56B 247.10 0.02 pts
2.47%
37 QCI QUALCOMM Incorporated GER 147.22B 141.16 0.02 pts
2.35%
38 COK Cancom SE GER 616.47M 21.95 0.02 pts
2.33%
39 AEIN Allgeier SE GER 178.77M 16.35 0.02 pts
2.19%
40 CEK CeoTronics AG GER 85.07M 10.88 0.02 pts
2.06%
41 IFX Infineon Technologies AG GER 71.72B 57.08 0.02 pts
1.98%
42 AMD Advanced Micro Devices, Inc. GER 676.01B 409.15 0.02 pts
1.83%
43 AI3A Amadeus IT Group, S.A. GER 24.16B 58.24 0.01 pts
1.75%
44 MTLA Motorola Solutions, Inc. GER 68.20B 418.20 0.01 pts
1.70%
45 SAP SAP SE GER 207.78B 191.32 0.01 pts
1.70%
46 INL Intel Corporation GER 390.78B 78.81 0.01 pts
1.62%
47 LAR0 Lam Research Corp. R GER 335.54B 269.45 0.01 pts
1.56%
48 OBS ORBIS AG GER 43.18M 4.70 0.01 pts
1.29%
49 GLW Corning Incorporated GER 110.07B 129.68 0.01 pts
1.25%
50 NFN NFON AG GER 57.78M 3.46 0.01 pts
1.17%
51 YSN secunet Security Networks Aktiengesellschaft GER 1.14B 183.00 0.01 pts
1.10%
52 SGM STMicroelectronics N.V. GER 37.77B 43.50 0.01 pts
1.08%
53 DTD2 B+S Banksysteme Aktiengesellschaft GER 11.74M 1.92 0.01 pts
1.05%
54 RTC RealTech AG GER 5.71M 1.07 0.01 pts
0.94%
55 BKHT Brockhaus Technologies AG GER 223.58M 21.40 0.01 pts
0.94%
56 A6T artec technologies AG GER 6.07M 2.16 0.01 pts
0.93%
57 PSAN PSI Software SE GER 726.28M 45.00 0.01 pts
0.90%
58 S92 SMA Solar Technology AG GER 1.90B 57.25 0.01 pts
0.79%
59 WDC WESTERN DIGITAL CORP. R GER 144.16B 402.30 0.01 pts
0.75%
60 QBY0 q.beyond AG GER 85.71M 3.42 0.00 pts
0.59%
61 MA10 Binect AG GER 5.63M 1.75 0.00 pts
0.57%
62 IBM International Business Machines Corporation GER 186.07B 204.45 0.00 pts
0.49%
63 ADV Adtran Networks SE GER 1.20B 23.10 0.00 pts
0.43%
64 ADN1 adesso SE GER 365.85M 60.40 0.00 pts
0.33%
65 ISHA INTERSHOP Communications Aktiengesellschaft GER 30.05M 1.54 0.00 pts
0.32%
66 ZT1A Zebra Technologies Corporation GER 14.67B 310.00 0.00 pts
0.32%
67 QH9 ADTRAN Holdings, Inc. GER 550.16M 6.64 0.00 pts
0.11%
68 CIS Cisco Systems, Inc. GER 377.90B 95.75 0.00 pts
0.02%
69 DAM DATA MODUL Aktiengesellschaft Produktion und Vertrieb von elektronischen Systemen GER 99.73M 27.80 0.00 pts
0.00%
70 C3RY Cherry SE GER 2.13M 1.24 0.00 pts
0.00%
71 SIS First Sensor AG GER 558.28M 54.00 0.00 pts
0.00%
72 T3T1 Seven Principles AG GER 18.33M 4.86 0.00 pts
0.00%
73 V6C Viscom SE GER 50.47M 5.74 0.00 pts
0.00%
74 NA9 Nagarro SE GER 967.82M 78.20 0.00 pts
-0.13%
75 AVS ASM International NV GER 40.27B 825.80 0.00 pts
-0.34%
76 SJJ Serviceware SE GER 155.93M 14.65 0.00 pts
-0.34%
77 UT8 Uber Technologies, Inc. GER 139.71B 67.80 0.00 pts
-0.35%
78 ERCB Telefonaktiebolaget LM Ericsson (publ) GER 28.19B 8.69 0.00 pts
-0.53%
79 CSH CENIT Aktiengesellschaft GER 59.72M 7.06 0.00 pts
-0.56%
80 A1OS All for One Group SE GER 316.61M 67.80 0.00 pts
-0.59%
81 XS4 ON Semiconductor Corporation GER 24.48B 63.41 -0.01 pts
-0.69%
82 CGM Capgemini SE GER 17.55B 109.45 -0.01 pts
-0.73%
83 MUM Mensch und Maschine Software SE GER 604.81M 36.90 -0.01 pts
-0.81%
84 ASME ASML Holding N.V. GER 575.00B 1,492.60 -0.01 pts
-0.86%
85 FEV FORTEC Elektronik AG GER 36.73M 11.35 -0.01 pts
-0.87%
86 MUB Mühlbauer Holding AG GER 635.79M 44.80 -0.01 pts
-0.88%
87 PDA0 PRO DV AG GER 2.90M 2.00 -0.01 pts
-0.99%
88 ERCG Telefonaktiebolaget LM Ericsson (publ) GER 29.14B 8.79 -0.01 pts
-1.01%
89 EXL Exasol AG GER 51.31M 1.93 -0.01 pts
-1.03%
90 TII Texas Instruments Incorporated GER 205.75B 224.40 -0.01 pts
-1.10%
91 SHF SNP Schneider-Neureither & Partner SE GER 605.01M 82.40 -0.01 pts
-1.20%
92 PO1 POB AG GER 2.21M 1.32 -0.01 pts
-1.49%
93 SYT Softing AG GER 26.86M 2.46 -0.01 pts
-1.60%
94 HRPK 7C Solarparken AG GER 124.75M 1.72 -0.01 pts
-1.71%
95 TEY TERADYNE INC. R GER 48.86B 311.60 -0.02 pts
-1.84%
96 KLA KLA Corporation GER 204.66B 154.58 -0.02 pts
-2.00%
97 IXX init innovation in traffic systems SE GER 494.09M 45.20 -0.02 pts
-2.06%
98 MCP Microchip Technology Incorporated GER 34.40B 63.80 -0.02 pts
-2.15%
99 MTE Micron Technology, Inc. GER 913.45B 809.10 -0.02 pts
-2.38%
100 SMHN SUSS MicroTec SE GER 1.32B 71.65 -0.02 pts
-2.45%

The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.

Evidence context