Counter-trend rallies may occur, but primary structure and persistence do not yet support adding risk.
45
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
United Kingdom GB Sector
Real Estate
For the week ending 28 August 2026, Real Estate declined 0.49% with 18 advancing, 29 declining, and 6 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.
45
technical evidence
Index712.24
1 week-0.49%
Breadth34%
Members53
Country
🇬🇧 United Kingdom · GB
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
12 completed weeks in this state
Trend acceptance
2.3%
Index versus Trend Line
Persistence
75%
Negative regime, shorter trend repairing
Participation
34%
18 advancing, 29 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
Reduce
Five-pillar map
Trend
55
Breadth
30
Persistence
47
Relative
19
Risk quality
93
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.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 16 percentage points.
- 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 Activity Lines, Trend Line and price acceptance remain genuinely mixed.
State age12 weeks
Trend gateMixed
Fan width2.81%
Fast versus slow change0.75 pts
Above 83%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
75% agreement
Negative regime, shorter trend repairing
The long trend remains negative, but shorter-horizon repair is now visible.
13-week
4.5%
26-week
-3.5%
39-week
-2.1%
52-week
-3.8%
Constituent trend persistence
96% coverage
Is the index move broadly durable?
45%positive
Coherent positive18%
Coherent negative20%
Average horizon agreement80%
Positive horizon share47%
Weakening positives1
Repairing negatives12
51 constituents measured as of 28 Aug 2026. Median trend age is 17 weeks.
Custom stage map
94% coverage
Where constituents sit in the cycle
40%Stage 4
Stage 1 · Basing22%11 securities
Stage 2 · Advancing24%12 securities
Stage 3 · Distribution14%7 securities
Stage 4 · Declining40%20 securities
Re-acceleration watch1
Transition watch7
Relative strength leaders18%
Fair Value repairs8
Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
72/100 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 GB Market Structure
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than GB Market Structure. A falling line means capital has done better in the parent benchmark.
Relative index99.1
13-week trend100.1
4-week trend change1.39%
Weekly peer rank11 of 11
1 week
-1.2 pts
relative
4 weeks
-3.2 pts
relative
13 weeks
3.3 pts
relative
26 weeks
-2.7 pts
relative
52 weeks
-9.4 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
34%
advanced
- Advancing
- 18
- Declining
- 29
- Unchanged
- 6
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility10.9%
Drawdown from 52-week high-5.1%
Positive weeks, last 1354%
Current directional run2 weeks
Turnover versus 13-week norm164%
Breadth impulse-8.8 pts
Cross-section
53 measured
Return distribution
Q1 -1.2%
Median -0.2%
Q3 0.8%
Average winner2.9%
Average loser-2.7%
Dispersion4.4 pts
Top-five upside share65%
Top-five capital share53%
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.
3/7
positive
Above Trend Line6/786% of industries
Constructive breadth1/7At least half advancing
Median industry-0.21%2.78 pts dispersion
#1
Advancing
Real Estate Services
0.86%
Participation50%
vs Trend8.2%
vs Fair Value5.0%
Members18
#2
Narrowing
Reit - Diversified
0.32%
Participation40%
vs Trend1.4%
vs Fair Value1.8%
Members10
#3
Narrowing
Reit - Office
0.25%
Participation40%
vs Trend3.7%
vs Fair Value-8.7%
Members5
#4
Narrowing
Reit - Retail
-0.21%
Participation25%
vs Trend3.1%
vs Fair Value13.3%
Members4
#5
Narrowing
Real Estate - Development
-0.23%
Participation14%
vs Trend1.5%
vs Fair Value1.8%
Members7
#6
Narrowing
Reit - Industrial
-1.28%
Participation25%
vs Trend0.6%
vs Fair Value-5.6%
Members4
#7
Contracting
Real Estate - Diversified
-7.79%
Participation0%
vs Trend-21.4%
vs Fair Value-47.0%
Members3
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 53 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
All 53 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.