The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
52
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
Italy IT Sector
Utilities
For the week ending 28 August 2026, Utilities advanced 1.51% with 8 advancing, 4 declining, and 3 unchanged constituents. The index is equal weighted and built from country-listed equities.
Current architecture
Downward Expansion
The activity fan is bearishly ordered below the Trend Line with price accepted beneath it.
52
technical evidence
Index2072.32
1 week1.51%
Breadth53%
Members15
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
Downward Expansion
4 completed weeks in this state
Trend acceptance
-0.9%
Index versus Trend Line
Persistence
50%
Positive regime, shorter trend weakening
Participation
53%
8 advancing, 4 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
39
Breadth
50
Persistence
50
Relative
57
Risk quality
95
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 47 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.
The activity fan is bearishly ordered below the Trend Line with price accepted beneath it.
State age4 weeks
Trend gateDown
Fan width1.60%
Fast versus slow change-0.34 pts
Above 0%
Below 67%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
50% agreement
Positive regime, shorter trend weakening
The long trend remains positive, but the 13-week horizon has turned against it.
13-week
-2.9%
26-week
-4.0%
39-week
3.1%
52-week
5.7%
Constituent trend persistence
Is the index move broadly durable?
Constituent persistence coverage is still building.
Custom stage map
100% coverage
Where constituents sit in the cycle
60%Stage 4
Stage 1 · Basing7%1 securities
Stage 2 · Advancing13%2 securities
Stage 3 · Distribution20%3 securities
Stage 4 · Declining60%9 securities
Re-acceleration watch0
Transition watch2
Relative strength leaders13%
Fair Value repairs1
Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
79/100 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 index132.5
13-week trend135.7
4-week trend change-1.89%
Weekly peer rank4 of 11
1 week
0.3 pts
relative
4 weeks
-0.4 pts
relative
13 weeks
-4.9 pts
relative
26 weeks
-4.9 pts
relative
52 weeks
5.2 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Balanced
Participation quality
53%
advanced
- Advancing
- 8
- Declining
- 4
- Unchanged
- 3
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility10.6%
Drawdown from 52-week high-4.0%
Positive weeks, last 1331%
Current directional run1 week
Turnover versus 13-week norm153%
Breadth impulse7.8 pts
Cross-section
15 measured
Return distribution
Q1 0.0%
Median 0.5%
Q3 1.8%
Average winner3.1%
Average loser-0.5%
Dispersion3.0 pts
Top-five upside share91%
Top-five capital share93%
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.
2/2
positive
Above Trend Line1/250% of industries
Constructive breadth1/2At least half advancing
Median industry1.13%0.72 pts dispersion
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 15 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
All 15 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.