Week Ending: 28 August 2026

Italy IT Consumer Defensive Industry

Packaged Foods

For the week ending 28 August 2026, Packaged Foods advanced 2.06% with 5 advancing, 1 declining, and 1 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.

59 technical evidence
Index1475.61 1 week2.06% Breadth71% Members7
Country 🇮🇹 Italy · IT
Sector Consumer Defensive
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 9 completed weeks in this state
Trend acceptance 3.7% Index versus Trend Line
Persistence 75% Negative regime, shorter trend repairing
Participation 71% 5 advancing, 1 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 Hold and wait for confirmation

The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.

59 technical evidence
out of 100
Evidence balance

Five-pillar map

Wait
Trend
53
Breadth
62
Persistence
50
Relative
60
Risk quality
83
What supports the view
  • Participation is broad enough to support the index move.
  • Relative performance is improving within its parent hierarchy.
What restrains conviction
  • Index trend architecture has not delivered a durable upward expansion.
  • Constituent persistence remains divided or predominantly negative.
  • Stage 4 declining constituents exceed Stage 2 advancing constituents by 57 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 1,422.85, 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 age9 weeks
Trend gateMixed
Fan width3.16%
Fast versus slow change-0.07 pts
Above 50% Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Negative regime, shorter trend repairing

75% agreement

The long trend remains negative, but shorter-horizon repair is now visible.

13-week
8.3%
26-week
-8.0%
39-week
-4.6%
52-week
-7.6%
Regime age4 weeks 52-week flips1 52-week boundary1597.27
Constituent trend persistence

Is the index move broadly durable?

Constituent persistence coverage is still building.
Custom stage map

Where constituents sit in the cycle

100% coverage
Stage 1 · Basing14%1 securities
Stage 2 · Advancing14%1 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining71%5 securities
Re-acceleration watch0 Transition watch1 Relative strength leaders0% Fair Value repairs1

Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

75/100 mean confidence
Upward expansion
14% 1
Rotation up
14% 1
Deceleration
0% 0
Balance
14% 1
Rotation down
14% 1
Downward expansion
43% 3
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 Consumer Defensive

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

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

Relative index144.5
13-week trend142.0
4-week trend change1.63%
Weekly peer rank2 of 4
1 week
0.2 pts relative
4 weeks
0.0 pts relative
13 weeks
6.3 pts relative
26 weeks
-3.3 pts relative
52 weeks
-0.9 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Broad
Advancing
5
Declining
1
Unchanged
1
4-week average 54%
13-week average 53%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility20.7%
Drawdown from 52-week high-12.4%
Positive weeks, last 1354%
Current directional run1 week
Turnover versus 13-week norm109%
Breadth impulse20.2 pts
Cross-section

Return distribution

7 measured
Q1 0.1% Median 0.6% Q3 3.2%
Average winner2.9%
Average loser-0.2%
Dispersion2.6 pts
Top-five upside share100%
Top-five capital share99%
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 7 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 MSMisitano & Stracuzzi S.p.A.
7.35% 2 FFFine Foods & Pharmaceuticals N.T.M. S.p.A.
4.22% 3 ERFOLaboratorio Farmaceutico Erfo S.p.A.
2.22% 4 ENVEnervit S.p.A.
0.60% 5 CLICentrale del Latte d'Italia S.p.A.
0.24%

Weakest edge

7 NWLNewPrinces S.p.A.
-0.19% 6 ITMItalmobiliare S.p.A.
0.00% 5 CLICentrale del Latte d'Italia S.p.A.
0.24% 4 ENVEnervit S.p.A.
0.60% 3 ERFOLaboratorio Farmaceutico Erfo S.p.A.
2.22%

Constituent ledger

Industry constituents

All 7 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 MS Misitano & Stracuzzi S.p.A. MIL 21.58M 0.73 1.05 pts
7.35%
2 FF Fine Foods & Pharmaceuticals N.T.M. S.p.A. MIL 199.12M 8.90 0.60 pts
4.22%
3 ERFO Laboratorio Farmaceutico Erfo S.p.A. MIL 9.66M 1.15 0.32 pts
2.22%
4 ENV Enervit S.p.A. MIL 88.11M 5.02 0.09 pts
0.60%
5 CLI Centrale del Latte d'Italia S.p.A. MIL 54.90M 4.16 0.03 pts
0.24%
6 ITM Italmobiliare S.p.A. MIL 1.09B 25.95 0.00 pts
0.00%
7 NWL NewPrinces S.p.A. MIL 650.48M 15.78 -0.03 pts
-0.19%

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

Evidence context