The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
48
technical evidence
out of 100
out of 100
Week Ending: 28 August 2026
Japan JP Sector
Real Estate
For the week ending 28 August 2026, Real Estate advanced 0.37% with 107 advancing, 77 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.
48
technical evidence
Index1786.02
1 week0.37%
Breadth56%
Members191
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
8 completed weeks in this state
Trend acceptance
-0.2%
Index versus Trend Line
Persistence
50%
Positive regime, horizons divided
Participation
56%
107 advancing, 77 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
44
Breadth
59
Persistence
40
Relative
20
Risk quality
93
What supports the view
- Participation is broad enough to support the index move.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Constituent persistence remains divided or predominantly negative.
- The group is not yet delivering dependable relative outperformance.
- Stage 4 declining constituents exceed Stage 2 advancing constituents by 58 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 gateDown
Fan width1.36%
Fast versus slow change1.25 pts
Above 50%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
50% agreement
Positive regime, horizons divided
The 52-week trend is positive, although not every measured horizon confirms it.
13-week
3.6%
26-week
-7.6%
39-week
-1.0%
52-week
1.2%
Constituent trend persistence
98% coverage
Is the index move broadly durable?
44%positive
Coherent positive13%
Coherent negative27%
Average horizon agreement79%
Positive horizon share41%
Weakening positives13
Repairing negatives41
188 constituents measured as of 28 Aug 2026. Median trend age is 16 weeks.
Custom stage map
98% coverage
Where constituents sit in the cycle
67%Stage 4
Stage 1 · Basing7%13 securities
Stage 2 · Advancing9%17 securities
Stage 3 · Distribution17%32 securities
Stage 4 · Declining67%125 securities
Re-acceleration watch2
Transition watch49
Relative strength leaders5%
Fair Value repairs5
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 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 index94.8
13-week trend97.2
4-week trend change-0.80%
Weekly peer rank9 of 11
1 week
-1.1 pts
relative
4 weeks
-3.8 pts
relative
13 weeks
-2.5 pts
relative
26 weeks
-7.7 pts
relative
52 weeks
-12.0 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Broad
Participation quality
56%
advanced
- Advancing
- 107
- Declining
- 77
- Unchanged
- 7
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility9.7%
Drawdown from 52-week high-7.6%
Positive weeks, last 1377%
Current directional run3 weeks
Turnover versus 13-week norm222%
Breadth impulse5.4 pts
Cross-section
191 measured
Return distribution
Q1 -0.8%
Median 0.3%
Q3 1.1%
Average winner1.7%
Average loser-1.4%
Dispersion2.1 pts
Top-five upside share21%
Top-five capital share40%
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 Line4/1040% of industries
Constructive breadth7/10At least half advancing
Median industry0.27%0.70 pts dispersion
#1
Advancing
Reit - Hotel & Motel
1.99%
Participation83%
vs Trend0.6%
vs Fair Value6.7%
Members6
#2
Advancing
Real Estate - Diversified
0.77%
Participation64%
vs Trend2.7%
vs Fair Value28.2%
Members25
#3
Advancing
Real Estate - Development
0.53%
Participation53%
vs Trend2.7%
vs Fair Value28.8%
Members19
#4
Repairing
Reit - Diversified
0.39%
Participation67%
vs Trend-5.1%
vs Fair Value2.1%
Members21
#5
Advancing
Real Estate Services
0.33%
Participation56%
vs Trend1.9%
vs Fair Value19.6%
Members86
#6
Repairing
Reit - Office
0.22%
Participation67%
vs Trend-3.4%
vs Fair Value7.9%
Members12
#7
Repairing
Reit - Residential
0.16%
Participation50%
vs Trend-7.3%
vs Fair Value-1.0%
Members6
#8
Contracting
Reit - Specialty
-0.13%
Participation33%
vs Trend-17.2%
vs Fair Value-16.9%
Members3
#9
Weakening
Reit - Retail
-0.35%
Participation40%
vs Trend-5.5%
vs Fair Value1.3%
Members5
#10
Weakening
Reit - Industrial
-0.74%
Participation0%
vs Trend-4.8%
vs Fair Value3.7%
Members7
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 191 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
Top 100 of 191 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.