Trend, participation and relative evidence are sufficiently aligned for selective exposure.
73
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
Japan JP Basic Materials Industry
Specialty Chemicals
For the week ending 28 August 2026, Specialty Chemicals advanced 1.08% with 69 advancing, 43 declining, and 1 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.
Current architecture
Upward Expansion
The activity fan is positively ordered above a rising Trend Line with price accepted above it.
73
technical evidence
Index2425.34
1 week1.08%
Breadth61%
Members113
Country
🇯🇵 Japan · JP
Sector
Basic Materials
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
2 completed weeks in this state
Trend acceptance
6.1%
Index versus Trend Line
Persistence
100%
Positive across every horizon
Participation
61%
69 advancing, 43 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
Position
Five-pillar map
Trend
82
Breadth
56
Persistence
85
Relative
52
Risk quality
93
What supports the view
- The index remains above a constructive Trend gate.
- Participation is broad enough to support the index move.
- Constituent trends show positive multi-horizon persistence.
What restrains conviction
- The group is not yet delivering dependable relative outperformance.
- The index is extended well above current Fair Value, increasing chase risk.
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 positively ordered above a rising Trend Line with price accepted above it.
State age2 weeks
Trend gateUp
Fan width3.82%
Fast versus slow change1.34 pts
Above 67%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
100% agreement
Positive across every horizon
The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.
13-week
3.9%
26-week
0.7%
39-week
25.4%
52-week
36.1%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
90%positive
Coherent positive42%
Coherent negative2%
Average horizon agreement77%
Positive horizon share74%
Weakening positives32
Repairing negatives4
113 constituents measured as of 28 Aug 2026. Median trend age is 49 weeks.
Custom stage map
100% coverage
Where constituents sit in the cycle
49%Stage 2
Stage 1 · Basing10%11 securities
Stage 2 · Advancing49%55 securities
Stage 3 · Distribution25%28 securities
Stage 4 · Declining17%19 securities
Re-acceleration watch3
Transition watch13
Relative strength leaders21%
Fair Value repairs1
Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
71/100 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 Basic Materials
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Basic Materials. A falling line means capital has done better in the parent benchmark.
Relative index107.5
13-week trend109.4
4-week trend change0.16%
Weekly peer rank5 of 9
1 week
-0.1 pts
relative
4 weeks
-0.4 pts
relative
13 weeks
-1.3 pts
relative
26 weeks
0.5 pts
relative
52 weeks
3.7 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
61%
advanced
- Advancing
- 69
- Declining
- 43
- Unchanged
- 1
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility16.3%
Drawdown from 52-week high-0.9%
Positive weeks, last 1346%
Current directional run1 week
Turnover versus 13-week norm181%
Breadth impulse11.0 pts
Cross-section
113 measured
Return distribution
Q1 -1.0%
Median 0.3%
Q3 2.3%
Average winner3.3%
Average loser-1.9%
Dispersion5.4 pts
Top-five upside share43%
Top-five capital share38%
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?
Sentiment evidence is still developing
Qualified company-level news coverage is not yet broad enough to influence the group view.
0 qualified records across 113 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 113 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.