Headline strength is not yet confirmed by the current Activity Line energy and constituent trend mix.
64
technical evidence
out of 100
out of 100
Week Ending: 18 September 2026
United Kingdom GB Consumer Cyclical Industry
Restaurants
For the week ending 18 September 2026, Restaurants advanced 0.18% with 5 advancing, 5 declining, and 7 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.
64
technical evidence
Index521.03
1 week0.18%
Breadth29%
Members17
Country
🇬🇧 United Kingdom · GB
Sector
Consumer Cyclical
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
2 completed weeks in this state
Trend acceptance
3.1%
Index versus Trend Line
Persistence
100%
Positive across every horizon
Participation
29%
5 advancing, 5 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
Wait
Five-pillar map
Trend
66
Breadth
35
Persistence
77
Relative
69
Risk quality
94
What supports the view
- The index remains above a constructive Trend gate.
- Constituent trends show positive multi-horizon persistence.
- Medium-term relative returns and peer standing remain constructive.
What restrains conviction
- Breadth remains too narrow or inconsistent for a high-conviction position.
- The current 13-week parent-relative trend is weakening.
- Activity Line energy is decelerating despite the positive Trend gate.
- Positive contribution is concentrated in a small leadership cohort.
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 positive Trend gate remains, but fan energy or fast-line momentum is cooling.
State age2 weeks
Trend gateUp
Fan width2.97%
Fast versus slow change-2.47 pts
Above 17%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
100% agreement
Positive across every horizon
The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.
13-week
4.8%
26-week
12.1%
39-week
9.7%
52-week
13.6%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
76%positive
Coherent positive41%
Coherent negative6%
Average horizon agreement78%
Positive horizon share69%
Weakening positives5
Repairing negatives1
17 constituents measured as of 18 Sep 2026. Median trend age is 26 weeks.
Custom stage map
100% coverage
Where constituents sit in the cycle
47%Stage 2
Stage 1 · Basing24%4 securities
Stage 2 · Advancing47%8 securities
Stage 3 · Distribution12%2 securities
Stage 4 · Declining18%3 securities
Re-acceleration watch0
Transition watch2
Relative strength leaders24%
Fair Value repairs4
Measured as of 18 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
76/100 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 Consumer Cyclical
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Consumer Cyclical. A falling line means capital has done better in the parent benchmark.
Relative index88.9
13-week trend89.4
4-week trend change-0.03%
Weekly peer rank5 of 15
1 week
0.8 pts
relative
4 weeks
-0.4 pts
relative
13 weeks
0.1 pts
relative
26 weeks
-0.3 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
Narrow
Participation quality
29%
advanced
- Advancing
- 5
- Declining
- 5
- Unchanged
- 7
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility13.2%
Drawdown from 52-week high-4.1%
Positive weeks, last 1369%
Current directional run1 week
Turnover versus 13-week norm365%
Breadth impulse-12.3 pts
Cross-section
17 measured
Return distribution
Q1 -0.8%
Median 0.0%
Q3 1.9%
Average winner3.2%
Average loser-2.5%
Dispersion2.4 pts
Top-five upside share100%
Top-five capital share74%
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 17 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 17 measured constituents, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.