Week Ending: 11 September 2026

Israel IL Real Estate Industry

Real Estate - Development

For the week ending 11 September 2026, Real Estate - Development declined 3.29% with 6 advancing, 26 declining, and 2 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.

Current architecture Unresolved

The Activity Lines, Trend Line and price acceptance remain genuinely mixed.

37 technical evidence
Index1903.53 1 week-3.29% Breadth18% Members34
Country 🇮🇱 Israel · IL
Sector Real Estate
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 1 completed week in this state
Trend acceptance -7.0% Index versus Trend Line
Persistence 100% Negative across every horizon
Participation 18% 6 advancing, 26 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 Reduce exposure into strength

Counter-trend rallies may occur, but primary structure and persistence do not yet support adding risk.

37 technical evidence
out of 100
Evidence balance

Five-pillar map

Reduce
Trend
31
Breadth
28
Persistence
17
Relative
67
Risk quality
76
What supports the view
  • Medium-term relative returns and peer standing remain constructive.
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 current 13-week parent-relative trend is weakening.
  • Stage 4 declining constituents exceed Stage 2 advancing constituents by 69 percentage points.
  • Positive contribution is concentrated in a small leadership cohort.
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 2,047.08, 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 age1 weeks
Trend gateDown
Fan width5.22%
Fast versus slow change3.10 pts
Above 0% Below 50%
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
-6.7%
26-week
-11.4%
39-week
-10.3%
52-week
-6.8%
Regime age12 weeks 52-week flips1 52-week boundary2043.39
Constituent trend persistence

Is the index move broadly durable?

82% coverage
Coherent positive4%
Coherent negative50%
Average horizon agreement79%
Positive horizon share21%
Weakening positives3
Repairing negatives3

28 constituents measured as of 11 Sep 2026. Median trend age is 14 weeks.

Custom stage map

Where constituents sit in the cycle

76% coverage
Stage 1 · Basing12%3 securities
Stage 2 · Advancing8%2 securities
Stage 3 · Distribution4%1 securities
Stage 4 · Declining77%20 securities
Re-acceleration watch0 Transition watch2 Relative strength leaders4% Fair Value repairs3

Measured as of 11 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

80/100 mean confidence
Upward expansion
0% 0
Rotation up
0% 0
Deceleration
8% 2
Balance
15% 4
Rotation down
4% 1
Downward expansion
73% 19
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 Real Estate

Weakening
Relative index 13-week relative trend Starting level
Rotation dashboard Weakening

A rising relative line means this group is compounding faster than Real Estate. A falling line means capital has done better in the parent benchmark.

Relative index90.4
13-week trend90.0
4-week trend change-0.70%
Weekly peer rank1 of 4
1 week
0.9 pts relative
4 weeks
1.8 pts relative
13 weeks
-0.3 pts relative
26 weeks
-4.9 pts relative
52 weeks
-6.2 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Narrow
Advancing
6
Declining
26
Unchanged
2
4-week average 48%
13-week average 39%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility24.5%
Drawdown from 52-week high-17.1%
Positive weeks, last 1323%
Current directional run1 week
Turnover versus 13-week norm85%
Breadth impulse-22.7 pts
Cross-section

Return distribution

34 measured
Q1 -6.2% Median -2.9% Q3 -0.5%
Average winner2.5%
Average loser-4.9%
Dispersion4.0 pts
Top-five upside share97%
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?

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 34 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 NTNBNetanel Menivim Ltd.
5.29% 2 ELRLElbit Real Estate Ltd.
4.14% 3 YBOXYbox Real Estate Ltd.
2.37% 4 RLRERami Levy Hashikma Real Estate Ltd
1.90% 5 AVSRAvisror and Sons Building and Development Works Ltd
0.89%

Weakest edge

34 YAAZYaaz Entrepreneurship and Urban Renewal Ltd
-10.53% 33 ISCNIsrael Canada (T.R) Ltd
-9.55% 32 ACROKvutzat Acro Ltd
-9.05% 31 AURAAura Investments Ltd.
-8.93% 30 AFREAfrica Israel Residences Ltd
-8.64%

Constituent ledger

Industry constituents

All 34 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 NTNB Netanel Menivim Ltd. TLV 9.05B 22,080.00 0.16 pts
5.29%
2 ELRL Elbit Real Estate Ltd. TLV 5.86B 45,980.00 0.12 pts
4.14%
3 YBOX Ybox Real Estate Ltd. TLV 30.18B 8,220.00 0.07 pts
2.37%
4 RLRE Rami Levy Hashikma Real Estate Ltd TLV 296.40B 371,000.00 0.06 pts
1.90%
5 AVSR Avisror and Sons Building and Development Works Ltd TLV 318.63B 102,500.00 0.03 pts
0.89%
6 DLAS DELEK PROP DEV LTD TLV 126.19B 680,000.00 0.01 pts
0.43%
7 ALRE ALMADEV R/EST INC TLV 110.68B 78,690.00 0.00 pts
0.00%
8 PLAZ-L Plaza Centers N.V. TLV 1.18B 172.80 0.00 pts
0.00%
9 YESD Yesodot Eitanim Construction Ltd TLV 3.30B 13,370.00 -0.01 pts
-0.45%
10 HRON Hiron-Trade Investments & Industrial Buildings Ltd TLV 101.60B 22,249,000.00 -0.02 pts
-0.54%
11 VTNA Vitania Ltd. TLV 78.99B 166,600.00 -0.03 pts
-1.13%
12 GABY Gabay Group TLV 55.76B 423,700.00 -0.04 pts
-1.40%
13 TDHR Tidhar Group Ltd. TLV 791.44B 1,526,000.00 -0.05 pts
-1.61%
14 LURO LUZON RONSON N.V TLV 192.66B 309,100.00 -0.05 pts
-1.81%
15 CILO Cielo-Blu Group Ltd TLV 32.88B 32,090.00 -0.06 pts
-2.06%
16 GEFR Geffen Residence & Renewal Ltd TLV 32.70B 7,740.00 -0.08 pts
-2.64%
17 EFCP Effi Capital Nadlan Ltd TLV 58.21B 117,100.00 -0.08 pts
-2.66%
18 SHVL Shoval Engineering and Construction Ltd TLV 35.99B 69,000.00 -0.09 pts
-3.16%
19 CRSR Carasso Real Estate Ltd TLV 205.88B 340,300.00 -0.13 pts
-4.28%
20 GVYM Gav-Yam Lands Corp. Ltd TLV 870.92B 377,000.00 -0.13 pts
-4.51%
21 HGGE Hagag Europe Development Z.F. Ltd TLV 105.20B 152,100.00 -0.14 pts
-4.64%
22 MGDO Megiddo Y.K. Ltd TLV 91.39B 66,800.00 -0.14 pts
-4.86%
23 MSLA Maslavi Construction Company Ltd TLV 28.14B 119,700.00 -0.15 pts
-5.23%
24 SFRN Sufrin Holdings Ltd. TLV 9.77B 59,020.00 -0.16 pts
-5.49%
25 TMIS Themis G.R.E.N. Ltd TLV 9.11B 137,100.00 -0.18 pts
-6.10%
26 ASHG Ashtrom Group Ltd. TLV 688.36B 578,800.00 -0.18 pts
-6.22%
27 SRFT Zvi Sarfati & Sons Investments & Constructions Ltd. TLV 63.83B 316,800.00 -0.19 pts
-6.38%
28 AVGD Av-Gad Holdings Ltd TLV 28.08B 127,300.00 -0.19 pts
-6.40%
29 PRSK Prashkovsky Investments and Construction Ltd. TLV 301.64B 1,309,000.00 -0.25 pts
-8.59%
30 AFRE Africa Israel Residences Ltd TLV 318.12B 2,294,000.00 -0.25 pts
-8.64%
31 AURA Aura Investments Ltd. TLV 559.70B 179,400.00 -0.26 pts
-8.93%
32 ACRO Kvutzat Acro Ltd TLV 268.98B 387,900.00 -0.27 pts
-9.05%
33 ISCN Israel Canada (T.R) Ltd TLV 535.86B 142,100.00 -0.28 pts
-9.55%
34 YAAZ Yaaz Entrepreneurship and Urban Renewal Ltd TLV 16.06B 68,000.00 -0.31 pts
-10.53%

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

Evidence context