Headline strength is not yet confirmed by the current Activity Line energy and constituent trend mix.
65
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
Japan JP Communication Services Industry
Electronic Gaming & Multimedia
For the week ending 28 August 2026, Electronic Gaming & Multimedia advanced 2.29% with 35 advancing, 6 declining, and 0 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.
65
technical evidence
Index993.45
1 week2.29%
Breadth85%
Members41
Country
🇯🇵 Japan · JP
Sector
Communication Services
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
8 completed weeks in this state
Trend acceptance
9.9%
Index versus Trend Line
Persistence
50%
Negative regime, shorter trend repairing
Participation
85%
35 advancing, 6 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
61
Breadth
71
Persistence
46
Relative
73
Risk quality
87
What supports the view
- The index remains above a constructive Trend gate.
- Participation is broad enough to support the index move.
- Relative performance is improving within its parent hierarchy.
What restrains conviction
- Constituent persistence remains divided or predominantly negative.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 12 percentage points.
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 Lines, Trend Line and price acceptance remain genuinely mixed.
State age8 weeks
Trend gateMixed
Fan width6.34%
Fast versus slow change4.28 pts
Above 83%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
50% agreement
Negative regime, shorter trend repairing
The long trend remains negative, but shorter-horizon repair is now visible.
13-week
13.3%
26-week
4.9%
39-week
-1.3%
52-week
-8.1%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
37%positive
Coherent positive22%
Coherent negative20%
Average horizon agreement79%
Positive horizon share49%
Weakening positives1
Repairing negatives16
41 constituents measured as of 28 Aug 2026. Median trend age is 17 weeks.
Custom stage map
100% coverage
Where constituents sit in the cycle
34%Stage 1
Stage 1 · Basing34%14 securities
Stage 2 · Advancing22%9 securities
Stage 3 · Distribution10%4 securities
Stage 4 · Declining34%14 securities
Re-acceleration watch0
Transition watch14
Relative strength leaders24%
Fair Value repairs9
Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
70/100 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 Communication Services
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than Communication Services. A falling line means capital has done better in the parent benchmark.
Relative index90.6
13-week trend87.0
4-week trend change1.65%
Weekly peer rank2 of 7
1 week
0.6 pts
relative
4 weeks
3.3 pts
relative
13 weeks
6.2 pts
relative
26 weeks
4.9 pts
relative
52 weeks
-2.2 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
85%
advanced
- Advancing
- 35
- Declining
- 6
- Unchanged
- 0
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility14.0%
Drawdown from 52-week high-7.2%
Positive weeks, last 1369%
Current directional run6 weeks
Turnover versus 13-week norm140%
Breadth impulse31.5 pts
Cross-section
41 measured
Return distribution
Q1 0.7%
Median 1.8%
Q3 3.8%
Average winner4.3%
Average loser-5.2%
Dispersion9.0 pts
Top-five upside share58%
Top-five capital share90%
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 41 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 41 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.