The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
56
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
Italy IT Sector
Consumer Defensive
For the week ending 28 August 2026, Consumer Defensive advanced 1.83% with 11 advancing, 7 declining, and 1 unchanged constituents. The index is equal weighted and built from country-listed equities.
Current architecture
Balance
Directional pressure is compressed and neither side has durable control.
56
technical evidence
Index1194.98
1 week1.83%
Breadth58%
Members19
Country
🇮🇹 Italy · IT
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
Balance
3 completed weeks in this state
Trend acceptance
1.8%
Index versus Trend Line
Persistence
75%
Negative regime, shorter trend repairing
Participation
58%
11 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
Wait
Five-pillar map
Trend
53
Breadth
51
Persistence
50
Relative
56
Risk quality
89
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 33 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.
Directional pressure is compressed and neither side has durable control.
State age3 weeks
Trend gateMixed
Fan width1.21%
Fast versus slow change0.25 pts
Above 50%
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
2.0%
26-week
-4.7%
39-week
-3.5%
52-week
-6.7%
Constituent trend persistence
Is the index move broadly durable?
Constituent persistence coverage is still building.
Custom stage map
95% coverage
Where constituents sit in the cycle
50%Stage 4
Stage 1 · Basing22%4 securities
Stage 2 · Advancing17%3 securities
Stage 3 · Distribution11%2 securities
Stage 4 · Declining50%9 securities
Re-acceleration watch0
Transition watch4
Relative strength leaders11%
Fair Value repairs3
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 IT Market Structure
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than IT Market Structure. A falling line means capital has done better in the parent benchmark.
Relative index96.6
13-week trend96.9
4-week trend change-0.26%
Weekly peer rank3 of 11
1 week
0.6 pts
relative
4 weeks
-0.9 pts
relative
13 weeks
0.0 pts
relative
26 weeks
-5.5 pts
relative
52 weeks
-7.3 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
58%
advanced
- Advancing
- 11
- Declining
- 7
- Unchanged
- 1
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility13.6%
Drawdown from 52-week high-8.3%
Positive weeks, last 1369%
Current directional run1 week
Turnover versus 13-week norm131%
Breadth impulse12.7 pts
Cross-section
19 measured
Return distribution
Q1 -1.5%
Median 0.2%
Q3 3.6%
Average winner4.7%
Average loser-2.4%
Dispersion4.9 pts
Top-five upside share84%
Top-five capital share88%
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.
2/4
positive
Above Trend Line2/450% of industries
Constructive breadth2/4At least half advancing
Median industry0.35%4.02 pts dispersion
#1
Transition
Food Distribution
7.27%
Participation75%
vs Trend5.1%
vs Fair Value-9.2%
Members4
#2
Advancing
Packaged Foods
2.06%
Participation71%
vs Trend3.7%
vs Fair Value14.6%
Members7
#3
Contracting
Beverages - Wineries & Distilleries
-1.36%
Participation33%
vs Trend-2.4%
vs Fair Value-6.1%
Members3
#4
Contracting
Education & Training Services
-3.32%
Participation0%
vs Trend-9.9%
vs Fair Value-40.0%
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 19 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
All 19 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.