The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
59
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
Japan JP Sector
Consumer Defensive
For the week ending 28 August 2026, Consumer Defensive advanced 0.36% with 158 advancing, 112 declining, and 7 unchanged constituents. The index is equal weighted and built from country-listed equities.
Current architecture
Unresolved
The Activity Lines, Trend Line and price acceptance remain genuinely mixed.
59
technical evidence
Index1548.61
1 week0.36%
Breadth57%
Members278
Country
🇯🇵 Japan · JP
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
5 completed weeks in this state
Trend acceptance
3.4%
Index versus Trend Line
Persistence
75%
Positive regime, horizons divided
Participation
57%
158 advancing, 112 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
60
Breadth
58
Persistence
66
Relative
24
Risk quality
97
What supports the view
- Participation is broad enough to support the index move.
- Constituent trends show positive multi-horizon persistence.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- The group is not yet delivering dependable relative outperformance.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 17 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 age5 weeks
Trend gateMixed
Fan width2.71%
Fast versus slow change1.37 pts
Above 100%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
75% agreement
Positive regime, horizons divided
The 52-week trend is positive, although not every measured horizon confirms it.
13-week
6.1%
26-week
-1.3%
39-week
5.2%
52-week
5.8%
Constituent trend persistence
98% coverage
Is the index move broadly durable?
66%positive
Coherent positive31%
Coherent negative10%
Average horizon agreement79%
Positive horizon share62%
Weakening positives21
Repairing negatives50
272 constituents measured as of 28 Aug 2026. Median trend age is 26 weeks.
Custom stage map
98% coverage
Where constituents sit in the cycle
38%Stage 4
Stage 1 · Basing18%50 securities
Stage 2 · Advancing21%57 securities
Stage 3 · Distribution22%61 securities
Stage 4 · Declining38%104 securities
Re-acceleration watch6
Transition watch83
Relative strength leaders10%
Fair Value repairs25
Measured as of 28 Aug 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
67/100 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 JP Market Structure
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than JP Market Structure. A falling line means capital has done better in the parent benchmark.
Relative index87.1
13-week trend88.1
4-week trend change0.28%
Weekly peer rank10 of 11
1 week
-1.1 pts
relative
4 weeks
-2.0 pts
relative
13 weeks
0.0 pts
relative
26 weeks
-1.4 pts
relative
52 weeks
-7.4 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
57%
advanced
- Advancing
- 158
- Declining
- 112
- Unchanged
- 7
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility8.4%
Drawdown from 52-week high-1.3%
Positive weeks, last 1377%
Current directional run5 weeks
Turnover versus 13-week norm160%
Breadth impulse0.8 pts
Cross-section
277 measured
Return distribution
Q1 -0.8%
Median 0.3%
Q3 1.3%
Average winner1.7%
Average loser-1.6%
Dispersion2.4 pts
Top-five upside share15%
Top-five capital share43%
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.
7/10
positive
Above Trend Line9/1090% of industries
Constructive breadth6/10At least half advancing
Median industry0.36%0.71 pts dispersion
#1
Advancing
Household & Personal Products
1.08%
Participation59%
vs Trend4.9%
vs Fair Value5.0%
Members39
#2
Advancing
Education & Training Services
0.89%
Participation76%
vs Trend1.7%
vs Fair Value2.2%
Members33
#3
Advancing
Grocery Stores
0.64%
Participation64%
vs Trend2.3%
vs Fair Value10.4%
Members28
#4
Repairing
Farm Products
0.56%
Participation67%
vs Trend-1.7%
vs Fair Value14.4%
Members15
#5
Transition
Food Distribution
0.37%
Participation48%
vs Trend2.3%
vs Fair Value18.4%
Members25
#6
Narrowing
Discount Stores
0.36%
Participation38%
vs Trend4.3%
vs Fair Value23.7%
Members8
#7
Advancing
Packaged Foods
0.15%
Participation54%
vs Trend3.8%
vs Fair Value16.8%
Members95
#8
Narrowing
Beverages - Brewers
-0.04%
Participation43%
vs Trend6.2%
vs Fair Value15.7%
Members7
#9
Weakening
Confectioners
-0.45%
Participation56%
vs Trend4.8%
vs Fair Value25.5%
Members16
#10
Narrowing
Beverages - Non-Alcoholic
-1.50%
Participation44%
vs Trend5.0%
vs Fair Value18.0%
Members9
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 277 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
Top 100 of 277 shown, 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.