Week Ending: 28 August 2026

Finland FI Sector

Healthcare

For the week ending 28 August 2026, Healthcare advanced 0.93% with 11 advancing, 4 declining, and 1 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.

41 technical evidence
Index643.04 1 week0.93% Breadth69% Members16
Country 🇫🇮 Finland · FI
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 -2.7% Index versus Trend Line
Persistence 100% Negative across every horizon
Participation 69% 11 advancing, 4 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 Reduce exposure into strength

Counter-trend rallies may occur, but primary structure and persistence do not yet support adding risk.

41 technical evidence
out of 100
Evidence balance

Five-pillar map

Reduce
Trend
31
Breadth
72
Persistence
21
Relative
19
Risk quality
68
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 69 percentage points.
  • Positive contribution is concentrated in a small leadership cohort.
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 765.95, 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 Unresolved

The Activity Lines, Trend Line and price acceptance remain genuinely mixed.

State age3 weeks
Trend gateDown
Fan width0.92%
Fast versus slow change2.05 pts
Above 17% Below 33%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Negative across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point downward, confirming persistent contraction.

13-week
-2.5%
26-week
-12.4%
39-week
-27.2%
52-week
-28.8%
Regime age31 weeks 52-week flips1 52-week boundary902.98
Constituent trend persistence

Is the index move broadly durable?

100% coverage
Coherent positive12%
Coherent negative44%
Average horizon agreement89%
Positive horizon share27%
Weakening positives1
Repairing negatives5

16 constituents measured as of 28 Aug 2026. Median trend age is 40 weeks.

Custom stage map

Where constituents sit in the cycle

100% coverage
Stage 1 · Basing6%1 securities
Stage 2 · Advancing13%2 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining81%13 securities
Re-acceleration watch0 Transition watch3 Relative strength leaders19% Fair Value repairs1

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
19% 3
Rotation up
0% 0
Deceleration
6% 1
Balance
6% 1
Rotation down
0% 0
Downward expansion
69% 11
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 FI 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 FI Market Structure. A falling line means capital has done better in the parent benchmark.

Relative index87.5
13-week trend89.4
4-week trend change-0.58%
Weekly peer rank6 of 9
1 week
-0.1 pts relative
4 weeks
-0.7 pts relative
13 weeks
-4.9 pts relative
26 weeks
-14.4 pts relative
52 weeks
-31.5 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Broad
Advancing
11
Declining
4
Unchanged
1
4-week average 59%
13-week average 47%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility18.9%
Drawdown from 52-week high-33.1%
Positive weeks, last 1354%
Current directional run1 week
Turnover versus 13-week norm114%
Breadth impulse23.4 pts
Cross-section

Return distribution

16 measured
Q1 -0.3% Median 0.5% Q3 3.0%
Average winner2.6%
Average loser-3.5%
Dispersion3.4 pts
Top-five upside share86%
Top-five capital share97%
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.

2/3 positive
Above Trend Line1/333% of industries
Constructive breadth3/3At least half advancing
Median industry0.62%1.46 pts dispersion
#1 Transition

Biotechnology

2.55%
Participation67% vs Trend1.6% vs Fair Value-19.8% Members3
#2 Repairing

Medical Devices

0.62%
Participation60% vs Trend-2.3% vs Fair Value-26.6% Members5
#3 Weakening

Health Information Services

-1.03%
Participation67% vs Trend-19.2% vs Fair Value-52.0% Members3

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 16 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 HRTISHerantis Pharma Oyj
7.70% 2 NANOFHNanoform Finland Oyj
5.55% 3 BRETECBioretec Oy
4.67% 4 PIHLISPihlajalinna Oyj
4.39% 5 ORIOLAOriola Oyj
2.56%

Weakest edge

16 FARONFaron Pharmaceuticals Oy
-5.60% 15 MODUModulight Oyj
-3.74% 14 AIFORIAAiforia Technologies Oyj
-3.53% 13 TTALOTerveystalo Oyj
-1.02% 12 BIOBVBiohit Oyj
0.00%

Constituent ledger

Sector constituents

All 16 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 HRTIS Herantis Pharma Oyj HEL 43.73M 1.65 0.48 pts
7.70%
2 NANOFH Nanoform Finland Oyj HEL 86.44M 1.01 0.35 pts
5.55%
3 BRETEC Bioretec Oy HEL 30.06M 0.0224 0.29 pts
4.67%
4 PIHLIS Pihlajalinna Oyj HEL 246.03M 10.94 0.27 pts
4.39%
5 ORIOLA Oriola Oyj HEL 169.51M 0.92 0.16 pts
2.56%
6 REG1V Revenio Group Oyj HEL 435.78M 14.98 0.11 pts
1.77%
7 ORNBV Orion Oyj HEL 11.25B 79.85 0.05 pts
0.76%
8 ORNAV Orion Oyj HEL 11.18B 79.40 0.03 pts
0.51%
9 NXTMH Nexstim Plc HEL 69.38M 9.59 0.03 pts
0.42%
10 OPTOMED Optomed Oyj HEL 36.51M 1.70 0.01 pts
0.24%
11 HEALTH Nightingale Health Oyj HEL 56.62M 0.938 0.01 pts
0.21%
12 BIOBV Biohit Oyj HEL 39.69M 2.61 0.00 pts
0.00%
13 TTALO Terveystalo Oyj HEL 980.24M 7.73 -0.06 pts
-1.02%
14 AIFORIA Aiforia Technologies Oyj HEL 38.81M 1.04 -0.22 pts
-3.53%
15 MODU Modulight Oyj HEL 43.76M 1.03 -0.23 pts
-3.74%
16 FARON Faron Pharmaceuticals Oy HEL 92.31M 0.455 -0.35 pts
-5.60%

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

Evidence context