Week Ending: 28 August 2026

Italy IT Sector

Financial Services

For the week ending 28 August 2026, Financial Services declined 0.10% with 15 advancing, 13 declining, and 4 unchanged constituents. The index is equal weighted and built from country-listed equities.

Current architecture Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

64 technical evidence
Index1923.62 1 week-0.10% Breadth47% Members32
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 Upward Expansion 15 completed weeks in this state
Trend acceptance 10.1% Index versus Trend Line
Persistence 100% Positive across every horizon
Participation 47% 15 advancing, 13 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 Build exposure selectively

The evidence is constructive, but security selection and entry discipline still matter.

64 technical evidence
out of 100
Evidence balance

Five-pillar map

Selective
Trend
84
Breadth
42
Persistence
50
Relative
55
Risk quality
96
What supports the view
  • The index remains above a constructive Trend gate.
  • Relative performance is improving within its parent hierarchy.
What restrains conviction
  • Breadth remains too narrow or inconsistent for a high-conviction position.
  • Constituent persistence remains divided or predominantly negative.
  • The index is extended well above current Fair Value, increasing chase risk.
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 close below the Trend Line at 1,746.74 would weaken the constructive case.
  2. Breadth falling below 45% while the index holds up would signal narrowing leadership.
  3. A turn to negative 13 and 26-week parent-relative performance would remove the rotation edge.

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 Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

State age15 weeks
Trend gateUp
Fan width5.83%
Fast versus slow change-0.53 pts
Above 67% Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Positive across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.

13-week
8.7%
26-week
16.6%
39-week
17.8%
52-week
20.9%
Regime age104 weeks 52-week flips0 52-week boundary1590.66
Constituent trend persistence

Is the index move broadly durable?

Constituent persistence coverage is still building.
Custom stage map

Where constituents sit in the cycle

97% coverage
Stage 1 · Basing13%4 securities
Stage 2 · Advancing55%17 securities
Stage 3 · Distribution7%2 securities
Stage 4 · Declining26%8 securities
Re-acceleration watch0 Transition watch2 Relative strength leaders45% Fair Value repairs2

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

76/100 mean confidence
Upward expansion
48% 15
Rotation up
3% 1
Deceleration
23% 7
Balance
10% 3
Rotation down
0% 0
Downward expansion
16% 5
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 IT Market Structure

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

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 index173.9
13-week trend173.4
4-week trend change2.58%
Weekly peer rank10 of 11
1 week
-1.3 pts relative
4 weeks
-0.5 pts relative
13 weeks
6.7 pts relative
26 weeks
15.7 pts relative
52 weeks
20.4 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Balanced
Advancing
15
Declining
13
Unchanged
4
4-week average 54%
13-week average 53%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility14.2%
Drawdown from 52-week high-1.1%
Positive weeks, last 1354%
Current directional run2 weeks
Turnover versus 13-week norm125%
Breadth impulse-7.0 pts
Cross-section

Return distribution

32 measured
Q1 -1.0% Median 0.0% Q3 1.6%
Average winner1.9%
Average loser-2.4%
Dispersion2.9 pts
Top-five upside share62%
Top-five capital share77%
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 Line4/4100% of industries
Constructive breadth1/4At least half advancing
Median industry-0.11%0.57 pts dispersion
#1 Narrowing

Credit Services

0.79%
Participation40% vs Trend7.4% vs Fair Value4.5% Members5
#2 Narrowing

Capital Markets

0.15%
Participation40% vs Trend1.1% vs Fair Value15.4% Members5
#3 Weakening

Banks - Regional

-0.37%
Participation58% vs Trend18.1% vs Fair Value74.1% Members12
#4 Narrowing

Asset Management

-0.72%
Participation38% vs Trend4.6% vs Fair Value12.7% Members8

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 32 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 COPCopernico Sim S.p.A.
5.19% 2 MOLMoltiply Group S.p.A.
3.97% 3 FARMH-FARM S.p.A.
2.94% 4 GAssicurazioni Generali S.p.A.
2.61% 5 AZMAzimut Holding S.p.A.
2.54%

Weakest edge

32 DOVdoValue S.p.A.
-12.04% 31 BAMIBanco BPM S.p.A.
-4.38% 30 BSTBanca Sistema S.p.A.
-3.26% 29 ANIMAnima Holding SpA
-2.34% 28 AMBAmbromobiliare S.p.A.
-2.23%

Constituent ledger

Sector constituents

All 32 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 COP Copernico Sim S.p.A. MIL 15.96M 8.10 0.16 pts
5.19%
2 MOL Moltiply Group S.p.A. MIL 1.41B 37.95 0.12 pts
3.97%
3 FARM H-FARM S.p.A. MIL 47.58M 0.21 0.09 pts
2.94%
4 G Assicurazioni Generali S.p.A. MIL 67.25B 44.11 0.08 pts
2.61%
5 AZM Azimut Holding S.p.A. MIL 5.49B 39.12 0.08 pts
2.54%
6 EQUI Equita Group S.p.A. MIL 303.41M 5.90 0.06 pts
2.08%
7 BPE BPER Banca SpA MIL 29.73B 14.27 0.06 pts
1.96%
8 BFF BFF Bank S.p.A. MIL 593.90M 3.16 0.06 pts
1.94%
9 BDB Banco di Desio e della Brianza S.p.A. MIL 2.30B 16.78 0.05 pts
1.45%
10 BMED Banca Mediolanum S.p.A. MIL 17.82B 24.19 0.04 pts
1.21%
11 CFV Confinvest Oro S.p.A. MIL 19.84M 2.22 0.03 pts
0.91%
12 FBK FinecoBank Banca Fineco S.p.A. MIL 14.51B 23.70 0.01 pts
0.30%
13 CE Credito Emiliano S.p.A. MIL 6.90B 20.56 0.01 pts
0.29%
14 MB Mediobanca Banca di Credito Finanziario S.p.A. MIL 22.63B 27.73 0.01 pts
0.29%
15 ISP Intesa Sanpaolo S.p.A. MIL 118.52B 6.79 0.01 pts
0.28%
16 CFM CrowdFundMe S.p.A. MIL 6.29M 1.10 0.00 pts
0.00%
17 D Directa Sim S.p.A. MIL 150.00M 8.00 0.00 pts
0.00%
18 FIC First Capital S.p.A. MIL 61.11M 17.55 0.00 pts
0.00%
19 KK Kruso Kapital S.p.A. MIL 43.41M 0.0182 0.00 pts
0.00%
20 EHI EHI! S.p.A. MIL 37.62M 9.98 -0.01 pts
-0.20%
21 BGN Banca Generali S.p.A. MIL 7.55B 66.50 -0.01 pts
-0.45%
22 IF Banca IFIS S.p.A. MIL 911.31M 15.05 -0.02 pts
-0.66%
23 MET Met.Extra Group S.p.A. MIL 12.28M 2.56 -0.02 pts
-0.78%
24 GF Generalfinance S.p.A. MIL 266.60M 21.20 -0.03 pts
-0.93%
25 ISC Integrated System Credit Consulting Fintech S.p.A. MIL 12.64M 0.97 -0.03 pts
-1.02%
26 MTS MiT Sim S.p.A. MIL 3.00M 1.52 -0.04 pts
-1.30%
27 BMPS Banca Monte dei Paschi di Siena S.p.A. MIL 35.16B 11.41 -0.04 pts
-1.43%
28 AMB Ambromobiliare S.p.A. MIL 1.24M 0.438 -0.07 pts
-2.23%
29 ANIM Anima Holding SpA MIL 2.28B 7.10 -0.07 pts
-2.34%
30 BST Banca Sistema S.p.A. MIL 128.67M 1.60 -0.10 pts
-3.26%
31 BAMI Banco BPM S.p.A. MIL 24.21B 15.96 -0.14 pts
-4.38%
32 DOV doValue S.p.A. MIL 308.31M 1.72 -0.38 pts
-12.04%

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

Evidence context