Counter-trend rallies may occur, but primary structure and persistence do not yet support adding risk.
44
technical evidence
out of 100
out of 100
Week Ending: 4 September 2026
Israel IL Financial Services Industry
Asset Management
For the week ending 04 September 2026, Asset Management advanced 2.91% with 19 advancing, 7 declining, and 0 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.
44
technical evidence
Index1441.21
1 week2.91%
Breadth73%
Members26
Country
🇮🇱 Israel · IL
Sector
Financial Services
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
9 completed weeks in this state
Trend acceptance
-2.3%
Index versus Trend Line
Persistence
25%
Positive regime, shorter trend weakening
Participation
73%
19 advancing, 7 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
31
Breadth
60
Persistence
35
Relative
28
Risk quality
85
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 48 percentage points.
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 age9 weeks
Trend gateDown
Fan width3.02%
Fast versus slow change-0.02 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
-4.1%
26-week
-7.1%
39-week
-8.3%
52-week
2.7%
Constituent trend persistence
96% coverage
Is the index move broadly durable?
40%positive
Coherent positive8%
Coherent negative28%
Average horizon agreement78%
Positive horizon share34%
Weakening positives6
Repairing negatives5
25 constituents measured as of 4 Sep 2026. Median trend age is 38 weeks.
Custom stage map
96% coverage
Where constituents sit in the cycle
60%Stage 4
Stage 1 · Basing8%2 securities
Stage 2 · Advancing12%3 securities
Stage 3 · Distribution20%5 securities
Stage 4 · Declining60%15 securities
Re-acceleration watch1
Transition watch5
Relative strength leaders4%
Fair Value repairs2
Measured as of 4 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
73/100 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 Financial Services
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Financial Services. A falling line means capital has done better in the parent benchmark.
Relative index66.9
13-week trend69.0
4-week trend change-0.45%
Weekly peer rank5 of 7
1 week
-0.1 pts
relative
4 weeks
-1.9 pts
relative
13 weeks
-4.5 pts
relative
26 weeks
-2.7 pts
relative
52 weeks
-13.3 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
73%
advanced
- Advancing
- 19
- Declining
- 7
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility16.7%
Drawdown from 52-week high-9.9%
Positive weeks, last 1331%
Current directional run2 weeks
Turnover versus 13-week norm81%
Breadth impulse29.0 pts
Cross-section
26 measured
Return distribution
Q1 -0.1%
Median 3.5%
Q3 6.5%
Average winner5.5%
Average loser-4.2%
Dispersion5.8 pts
Top-five upside share49%
Top-five capital share82%
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 26 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 26 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.