The weight of trend, participation and relative evidence favours capital protection over new exposure.
34
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
Hong Kong HK Industrials Industry
Specialty Industrial Machinery
For the week ending 28 August 2026, Specialty Industrial Machinery declined 1.00% with 14 advancing, 23 declining, and 2 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.
Current architecture
Downward Expansion
The activity fan is bearishly ordered below the Trend Line with price accepted beneath it.
34
technical evidence
Index1687.02
1 week-1.00%
Breadth36%
Members39
Country
🇭🇰 Hong Kong · HK
Sector
Industrials
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
Downward Expansion
5 completed weeks in this state
Trend acceptance
-14.6%
Index versus Trend Line
Persistence
25%
Positive regime, shorter trend weakening
Participation
36%
14 advancing, 23 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
Defensive
Five-pillar map
Trend
24
Breadth
36
Persistence
42
Relative
19
Risk quality
66
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 40 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 fan is bearishly ordered below the Trend Line with price accepted beneath it.
State age5 weeks
Trend gateDown
Fan width12.38%
Fast versus slow change2.61 pts
Above 0%
Below 67%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
25% agreement
Positive regime, shorter trend weakening
The long trend remains positive, but the 13-week horizon has turned against it.
13-week
-24.0%
26-week
-19.8%
39-week
-5.8%
52-week
0.3%
Constituent trend persistence
79% coverage
Is the index move broadly durable?
58%positive
Coherent positive13%
Coherent negative35%
Average horizon agreement78%
Positive horizon share40%
Weakening positives11
Repairing negatives1
31 constituents measured as of 28 Aug 2026. Median trend age is 36 weeks.
Custom stage map
77% coverage
Where constituents sit in the cycle
63%Stage 4
Stage 1 · Basing0%0 securities
Stage 2 · Advancing23%7 securities
Stage 3 · Distribution13%4 securities
Stage 4 · Declining63%19 securities
Re-acceleration watch0
Transition watch0
Relative strength leaders10%
Fair Value repairs0
Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
77/100 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 Industrials
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Industrials. A falling line means capital has done better in the parent benchmark.
Relative index119.3
13-week trend129.2
4-week trend change-6.15%
Weekly peer rank16 of 23
1 week
-1.0 pts
relative
4 weeks
0.9 pts
relative
13 weeks
-18.8 pts
relative
26 weeks
-10.6 pts
relative
52 weeks
-2.9 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
36%
advanced
- Advancing
- 14
- Declining
- 23
- Unchanged
- 2
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility24.4%
Drawdown from 52-week high-27.3%
Positive weeks, last 1323%
Current directional run3 weeks
Turnover versus 13-week norm136%
Breadth impulse0.6 pts
Cross-section
39 measured
Return distribution
Q1 -6.3%
Median -1.3%
Q3 1.3%
Average winner6.5%
Average loser-5.5%
Dispersion7.7 pts
Top-five upside share79%
Top-five capital share54%
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 39 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 39 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.