Week Ending: 28 August 2026

France FR Sector

Industrials

For the week ending 28 August 2026, Industrials declined 1.04% with 34 advancing, 55 declining, and 8 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.

49 technical evidence
Index689.38 1 week-1.04% Breadth35% Members98
Country 🇫🇷 France · FR
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 4 completed weeks in this state
Trend acceptance -1.2% Index versus Trend Line
Persistence 100% Negative across every horizon
Participation 35% 34 advancing, 55 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.

49 technical evidence
out of 100
Evidence balance

Five-pillar map

Wait
Trend
44
Breadth
39
Persistence
48
Relative
49
Risk quality
92
What supports the view
  • No major confirming factor has secured control.
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.
  • The group is not yet delivering dependable relative outperformance.
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 703.09, 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 age4 weeks
Trend gateDown
Fan width0.46%
Fast versus slow change1.06 pts
Above 33% 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
-3.3%
26-week
-4.9%
39-week
-1.0%
52-week
-6.3%
Regime age17 weeks 52-week flips3 52-week boundary735.72
Constituent trend persistence

Is the index move broadly durable?

100% coverage
Coherent positive16%
Coherent negative21%
Average horizon agreement76%
Positive horizon share49%
Weakening positives18
Repairing negatives13

97 constituents measured as of 28 Aug 2026. Median trend age is 20 weeks.

Custom stage map

Where constituents sit in the cycle

99% coverage
Stage 1 · Basing18%17 securities
Stage 2 · Advancing38%36 securities
Stage 3 · Distribution12%11 securities
Stage 4 · Declining33%32 securities
Re-acceleration watch2 Transition watch10 Relative strength leaders24% Fair Value repairs12

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

75/100 mean confidence
Upward expansion
28% 27
Rotation up
10% 10
Deceleration
15% 14
Balance
16% 15
Rotation down
7% 7
Downward expansion
24% 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 FR 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 FR Market Structure. A falling line means capital has done better in the parent benchmark.

Relative index113.3
13-week trend113.6
4-week trend change0.43%
Weekly peer rank6 of 11
1 week
-0.2 pts relative
4 weeks
-1.0 pts relative
13 weeks
0.8 pts relative
26 weeks
-1.6 pts relative
52 weeks
-0.1 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Narrow
Advancing
34
Declining
55
Unchanged
8
4-week average 39%
13-week average 42%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility9.6%
Drawdown from 52-week high-5.6%
Positive weeks, last 1338%
Current directional run3 weeks
Turnover versus 13-week norm131%
Breadth impulse-7.2 pts
Cross-section

Return distribution

97 measured
Q1 -3.3% Median -0.5% Q3 0.9%
Average winner3.3%
Average loser-3.8%
Dispersion5.8 pts
Top-five upside share55%
Top-five capital share69%
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.

6/15 positive
Above Trend Line7/1547% of industries
Constructive breadth6/15At least half advancing
Median industry-1.01%2.97 pts dispersion
#1 Advancing

Conglomerates

4.10%
Participation67% vs Trend23.2% vs Fair Value99.7% Members3
#2 Advancing

Business Equipment & Supplies

1.97%
Participation75% vs Trend5.2% vs Fair Value10.9% Members4
#3 Repairing

Waste Management

1.30%
Participation50% vs Trend-11.1% vs Fair Value-60.9% Members8
#4 Transition

Staffing & Employment Services

1.13%
Participation60% vs Trend5.2% vs Fair Value-12.3% Members5
#5 Narrowing

Specialty Business Services

0.63%
Participation40% vs Trend8.2% vs Fair Value11.9% Members10
#6 Repairing

Railroads

0.06%
Participation50% vs Trend-0.7% vs Fair Value19.1% Members4
#7 Weakening

Electrical Equipment & Parts

-0.53%
Participation50% vs Trend0.5% vs Fair Value10.2% Members8
#8 Contracting

Farm & Heavy Construction Machinery

-1.01%
Participation25% vs Trend-6.6% vs Fair Value-13.2% Members4
#9 Narrowing

Aerospace & Defense

-1.37%
Participation15% vs Trend0.8% vs Fair Value24.0% Members13
#10 Contracting

Building Products & Equipment

-2.18%
Participation0% vs Trend-1.4% vs Fair Value-0.5% Members3
#11 Contracting

Specialty Industrial Machinery

-2.51%
Participation30% vs Trend-2.0% vs Fair Value-7.9% Members10
#12 Weakening

Engineering & Construction

-3.34%
Participation17% vs Trend-6.0% vs Fair Value31.5% Members6
#13 Contracting

Consulting Services

-3.48%
Participation33% vs Trend-9.6% vs Fair Value-33.9% Members3
#14 Narrowing

Pollution & Treatment Controls

-5.84%
Participation33% vs Trend7.2% vs Fair Value-37.9% Members3
#15 Contracting

Rental & Leasing Services

-7.75%
Participation33% vs Trend-54.8% vs Fair Value-73.9% 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 97 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 ALEUPEuroplasma S.A.
33.33% 2 MLAIGANDINO INVERSIONES GLOBAL, S.A.
9.92% 3 ALUVIUV Germi SA
8.59% 4 SACIFiducial Office Solutions
5.82% 5 ALFREFreelance.com SA
4.65%

Weakest edge

97 ALWTRWatera
-26.26% 96 ALTOOToosla Société Anonyme
-20.00% 95 AAAAlan Allman Associates
-10.69% 94 MLFXOFinaxo Environnement Societe Anonyme
-9.68% 93 ALBOABOA Concept SAS
-7.14%

Constituent ledger

Sector constituents

All 97 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 ALEUP Europlasma S.A. PAR 1.02M 0.0008 0.26 pts
33.33%
2 MLAIG ANDINO INVERSIONES GLOBAL, S.A. PAR 59.28M 2.88 0.10 pts
9.92%
3 ALUVI UV Germi SA PAR 6.69M 2.78 0.09 pts
8.59%
4 SACI Fiducial Office Solutions PAR 86.77M 40.00 0.06 pts
5.82%
5 ALFRE Freelance.com SA PAR 152.54M 2.70 0.05 pts
4.65%
6 LR Legrand SA PAR 36.13B 140.40 0.04 pts
4.27%
7 PLX Pluxee N.V. PAR 2.21B 16.14 0.04 pts
4.13%
8 SW Sodexo S.A. PAR 8.50B 58.35 0.04 pts
3.73%
9 AF Air France-KLM SA PAR 3.12B 11.92 0.04 pts
3.65%
10 CEN Groupe CRIT SA PAR 568.71M 54.00 0.04 pts
3.45%
11 DBG Derichebourg SA PAR 1.45B 9.13 0.03 pts
3.11%
12 FINM Financière Marjos SA PAR 34.94M 1.75 0.03 pts
2.94%
13 ALO Alstom SA PAR 7.58B 16.40 0.03 pts
2.56%
14 MRN Mersen S.A. PAR 925.52M 38.16 0.02 pts
2.36%
15 SU Schneider Electric S.E. PAR 168.68B 303.00 0.02 pts
2.09%
16 ALORA Altheora SA PAR 5.56M 0.414 0.02 pts
1.97%
17 ALODY ODYSSEE TECHNOLOGIES PAR 31.56M 19.54 0.02 pts
1.77%
18 ALMCE Mon Courtier Energie Groupe S.A. PAR 20.47M 5.80 0.02 pts
1.75%
19 ALENO Enogia SAS PAR 42.11M 6.62 0.02 pts
1.53%
20 SCHP Séché Environnement SA PAR 623.55M 81.30 0.02 pts
1.50%
21 ALEXA Exacompta Clairefontaine S.A. PAR 183.30M 162.00 0.01 pts
1.25%
22 NEX Nexans S.A. PAR 6.13B 143.50 0.01 pts
1.20%
23 ALAQU Aquila SA PAR 6.17M 3.78 0.01 pts
1.07%
24 ALTD Tonner Drones S.A. PAR 18.02M 0.0288 0.01 pts
1.05%
25 ALGIR Signaux Girod S.A. PAR 16.12M 16.35 0.01 pts
0.93%
26 ALTRI Trilogiq S.A. PAR 17.29M 4.98 0.01 pts
0.81%
27 ALTOU TOUAX PAR 27.49M 3.95 0.01 pts
0.77%
28 ALHG Louis Hachette Group S.A. PAR 1.79B 1.81 0.01 pts
0.72%
29 IPS Ipsos SA PAR 1.63B 39.26 0.01 pts
0.72%
30 ALMAR Mare Nostrum SA PAR 4.29M 0.614 0.01 pts
0.66%
31 EXE EXEL Industries SA PAR 135.29M 20.00 0.00 pts
0.25%
32 ASY Assystem S.A. PAR 658.73M 44.70 0.00 pts
0.22%
33 WAGA Waga Energy SA PAR 613.71M 23.35 0.00 pts
0.21%
34 GPE Groupe Pizzorno Environnement PAR 240.03M 62.10 0.00 pts
0.16%
35 ALDLS DLSI PAR 27.02M 10.70 0.00 pts
0.00%
36 ALEAC EdiliziAcrobatica S.p.A. PAR 24.35M 2.90 0.00 pts
0.00%
37 ALIBR CALIBRE PAR 13.36M 0.0004 0.00 pts
0.00%
38 EXA Exail Technologies PAR 2.11B 124.40 0.00 pts
0.00%
39 GEA Grenobloise d'Electronique et d'Automatismes Société Anonyme PAR 81.84M 74.50 0.00 pts
0.00%
40 MLCFD Compagnie de Chemins de Fer Départementaux Société Anonyme PAR 28.88M 1,050.00 0.00 pts
0.00%
41 MLGAI Grande Armee Investissement SA PAR 37.89M 137.00 0.00 pts
0.00%
42 MLPLC Placoplatre SA PAR 835.63M 640.00 0.00 pts
0.00%
43 SAF Safran SA PAR 141.47B 343.30 0.00 pts
-0.09%
44 ADP Aeroports de Paris SA PAR 10.80B 109.30 0.00 pts
-0.18%
45 ALTPC Société Marseillaise du Tunnel Prado Carénage PAR 155.86M 26.80 0.00 pts
-0.37%
46 AIR Airbus SE PAR 160.71B 202.90 0.00 pts
-0.39%
47 SAMS Samse SA PAR 404.89M 119.00 0.00 pts
-0.42%
48 BVI Bureau Veritas SA PAR 12.16B 27.42 0.00 pts
-0.47%
49 ALCIS Catering International & Services Société Anonyme PAR 163.72M 20.70 0.00 pts
-0.48%
50 ALWF WINFARM Société anonyme PAR 7.75M 3.87 -0.01 pts
-0.51%
51 CRI Compagnie Chargeurs Invest PAR 212.63M 8.70 -0.01 pts
-0.57%
52 ALSTI STIF Société anonyme PAR 243.93M 47.70 -0.01 pts
-0.75%
53 ALSEC SODITECH PAR 14.56M 6.40 -0.01 pts
-0.93%
54 FII Lisi S.A. PAR 2.86B 62.40 -0.01 pts
-0.95%
55 TEP Teleperformance SE PAR 4.13B 71.04 -0.01 pts
-0.98%
56 ELIS Elis SA PAR 5.16B 24.14 -0.01 pts
-0.98%
57 ALGEV Gévelot SA PAR 143.81M 193.00 -0.01 pts
-1.03%
58 ALTUV BIO-UV Group S.A. PAR 18.02M 1.32 -0.01 pts
-1.12%
59 MTU Manitou BF SA PAR 805.51M 21.10 -0.01 pts
-1.17%
60 FGA Figeac Aero Société Anonyme PAR 465.91M 10.56 -0.01 pts
-1.31%
61 GLO GL Events SA PAR 859.44M 28.55 -0.02 pts
-1.55%
62 STF STEF SA PAR 1.59B 126.20 -0.02 pts
-1.56%
63 SGO Compagnie de Saint-Gobain S.A. PAR 39.00B 79.84 -0.02 pts
-1.67%
64 AURE Aurea SA PAR 54.37M 5.82 -0.02 pts
-1.69%
65 LAT Latécoère S.A. PAR 187.02M 0.0145 -0.02 pts
-2.03%
66 IDL ID Logistics Group SA PAR 2.20B 335.00 -0.02 pts
-2.05%
67 ALI2S i2S SA PAR 10.56M 6.35 -0.02 pts
-2.31%
68 PERR Gérard Perrier Industrie S.A. PAR 309.60M 81.60 -0.02 pts
-2.39%
69 PIG Haulotte Group SA PAR 66.24M 2.26 -0.03 pts
-2.59%
70 EXENS Exosens PAR 2.98B 59.15 -0.03 pts
-2.95%
71 SDG Synergie SE PAR 638.79M 28.00 -0.03 pts
-3.11%
72 MLHK H&K AG PAR 1.19B 33.60 -0.03 pts
-3.17%
73 GET Getlink SE PAR 10.22B 18.65 -0.03 pts
-3.27%
74 HO Thales S.A. PAR 50.26B 244.80 -0.03 pts
-3.28%
75 AM Dassault Aviation société anonyme PAR 22.24B 288.80 -0.04 pts
-3.48%
76 VIE Veolia Environnement SA PAR 24.05B 32.88 -0.04 pts
-3.55%
77 SPIE SPIE SA PAR 7.42B 43.70 -0.04 pts
-3.57%
78 THEP Thermador Groupe SA PAR 674.05M 74.70 -0.04 pts
-3.61%
79 ALPM Precia S.A. PAR 137.32M 25.70 -0.04 pts
-3.75%
80 SFPI GROUPE SFPI SA PAR 184.41M 2.01 -0.04 pts
-3.83%
81 AYV AYVENS PAR 8.61B 10.97 -0.04 pts
-4.02%
82 DG Vinci SA PAR 63.28B 114.20 -0.04 pts
-4.27%
83 EN Bouygues SA PAR 17.02B 44.15 -0.05 pts
-4.42%
84 OREGE Orege Société Anonyme PAR 14.07M 0.277 -0.05 pts
-4.48%
85 ALPJT Poujoulat SA PAR 45.84M 5.86 -0.05 pts
-4.87%
86 ALMGI MG International S.A. PAR 13.42M 2.60 -0.05 pts
-5.11%
87 ALSOG Sogeclair SA PAR 92.58M 30.30 -0.06 pts
-5.90%
88 ALCUR Arcure S.A. PAR 14.61M 2.47 -0.06 pts
-6.08%
89 ALGRO Grolleau Société Anonyme PAR 9.61M 3.38 -0.06 pts
-6.11%
90 ALDBT DBT SA PAR 2.17M 0.044 -0.07 pts
-6.38%
91 ALUCI Lucibel SA PAR 910,610 4.10 -0.07 pts
-6.39%
92 FGR Eiffage SA PAR 10.75B 109.65 -0.07 pts
-7.08%
93 ALBOA BOA Concept SAS PAR 12.58M 13.00 -0.07 pts
-7.14%
94 MLFXO Finaxo Environnement Societe Anonyme PAR 10.14M 5.60 -0.10 pts
-9.68%
95 AAA Alan Allman Associates PAR 64.51M 1.42 -0.11 pts
-10.69%
96 ALTOO Toosla Société Anonyme PAR 49,306 0.0008 -0.21 pts
-20.00%
97 ALWTR Watera PAR 23.21M 1.32 -0.26 pts
-26.26%

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

Evidence context