Week Ending: 18 September 2026

Spain ES Real Estate Industry

Reit - Retail

For the week ending 18 September 2026, Reit - Retail was unchanged 0.00% with 0 advancing, 0 declining, and 3 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.

Current architecture Deceleration

The positive Trend gate remains, but fan energy or fast-line momentum is cooling.

54 technical evidence
Index1795.81 1 week0.00% Breadth0% Members3
Country 🇪🇸 Spain · ES
Sector Real Estate
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 Deceleration 8 completed weeks in this state
Trend acceptance 3.2% Index versus Trend Line
Persistence 75% Positive regime, shorter trend weakening
Participation 0% 0 advancing, 0 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 Hold and wait for confirmation

The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.

54 technical evidence
out of 100
Evidence balance

Five-pillar map

Wait
Trend
72
Breadth
3
Persistence
69
Relative
50
Risk quality
99
What supports the view
  • The index remains above a constructive Trend gate.
  • Constituent trends show positive multi-horizon persistence.
What restrains conviction
  • Breadth remains too narrow or inconsistent for a high-conviction position.
  • The group is not yet delivering dependable relative outperformance.
  • Activity Line energy is decelerating despite the positive Trend gate.
  • 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 reclaim of 1,740.33, the higher of Trend Line and Fair Value, would improve the structural case.
  2. Breadth holding above 55% for several completed weeks would show that repair is spreading.
  3. Positive 13 and 26-week relative performance would confirm that capital is rotating into the group.

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 Deceleration

The positive Trend gate remains, but fan energy or fast-line momentum is cooling.

State age8 weeks
Trend gateUp
Fan width0.95%
Fast versus slow change-0.90 pts
Above 33% Below 0%
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
-0.9%
26-week
10.1%
39-week
32.3%
52-week
36.1%
Regime age104 weeks 52-week flips0 52-week boundary1319.78
Constituent trend persistence

Is the index move broadly durable?

100% coverage
Coherent positive0%
Coherent negative0%
Average horizon agreement58%
Positive horizon share58%
Weakening positives1
Repairing negatives0

3 constituents measured as of 18 Sep 2026. Median trend age is 90 weeks.

Custom stage map

Where constituents sit in the cycle

Stage Analysis coverage is still building.

Capital rotation

Performance relative to Real Estate

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

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

Relative index120.6
13-week trend120.6
4-week trend change0.59%
Weekly peer rank6 of 6
1 week
-0.6 pts relative
4 weeks
-0.2 pts relative
13 weeks
0.8 pts relative
26 weeks
9.1 pts relative
52 weeks
28.4 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Narrow
Advancing
0
Declining
0
Unchanged
3
4-week average 8%
13-week average 5%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility8.2%
Drawdown from 52-week high-0.9%
Positive weeks, last 1315%
Current directional run0 weeks
Turnover versus 13-week normn/a
Breadth impulse-5.6 pts
Cross-section

Return distribution

3 measured
Q1 0.0% Median 0.0% Q3 0.0%
Average winner%
Average loser%
Dispersion0.0 pts
Top-five upside sharen/a
Top-five capital share100%
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?

Open Sentiment Intelligence
Sentiment evidence is still developing

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

0 qualified records across 3 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 GGCGeneral de Galerías Comerciales SOCIMI, S.A.
0.00% 2 YCPSCastellana Properties Socimi, S.A.
0.00% 3 YEPSAEmperador Properties SOCIMI, S.A.
0.00%

Weakest edge

3 YEPSAEmperador Properties SOCIMI, S.A.
0.00% 2 YCPSCastellana Properties Socimi, S.A.
0.00% 1 GGCGeneral de Galerías Comerciales SOCIMI, S.A.
0.00%

Constituent ledger

Industry constituents

All 3 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 GGC General de Galerías Comerciales SOCIMI, S.A. MCE 4.19B 161.00 0.00 pts
0.00%
2 YCPS Castellana Properties Socimi, S.A. MCE 1.40B 9.55 0.00 pts
0.00%
3 YEPSA Emperador Properties SOCIMI, S.A. MCE 1.26B 10.40 0.00 pts
0.00%

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

Evidence context