The evidence is balanced enough to avoid a defensive call, but not aligned enough for aggressive positioning.
53
technical evidence
out of 100
out of 100
Week Ending: 11 September 2026
Mexico MX Sector
Basic Materials
For the week ending 11 September 2026, Basic Materials declined 0.14% with 12 advancing, 21 declining, and 20 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.
53
technical evidence
Index1870.47
1 week-0.14%
Breadth23%
Members53
Country
🇲🇽 Mexico · MX
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
4 completed weeks in this state
Trend acceptance
0.8%
Index versus Trend Line
Persistence
75%
Positive regime, horizons divided
Participation
23%
12 advancing, 21 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
49
Breadth
18
Persistence
67
Relative
76
Risk quality
93
What supports the view
- Constituent trends show positive multi-horizon persistence.
- 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.
- The current 13-week parent-relative trend is weakening.
- The index is extended well above current Fair Value, increasing chase risk.
- 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 Lines, Trend Line and price acceptance remain genuinely mixed.
State age4 weeks
Trend gateMixed
Fan width1.81%
Fast versus slow change3.60 pts
Above 67%
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
0.2%
26-week
-0.4%
39-week
13.4%
52-week
25.5%
Constituent trend persistence
96% coverage
Is the index move broadly durable?
78%positive
Coherent positive25%
Coherent negative10%
Average horizon agreement76%
Positive horizon share59%
Weakening positives10
Repairing negatives3
51 constituents measured as of 11 Sep 2026. Median trend age is 42 weeks.
Custom stage map
94% coverage
Where constituents sit in the cycle
36%Stage 4
Stage 1 · Basing20%10 securities
Stage 2 · Advancing30%15 securities
Stage 3 · Distribution14%7 securities
Stage 4 · Declining36%18 securities
Re-acceleration watch2
Transition watch8
Relative strength leaders52%
Fair Value repairs2
Measured as of 11 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
75/100 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 MX Market Structure
Relative index
13-week relative trend
Starting level
A rising relative line means this group is compounding faster than MX Market Structure. A falling line means capital has done better in the parent benchmark.
Relative index101.5
13-week trend97.5
4-week trend change-0.97%
Weekly peer rank3 of 11
1 week
1.0 pts
relative
4 weeks
5.6 pts
relative
13 weeks
0.2 pts
relative
26 weeks
-5.5 pts
relative
52 weeks
21.3 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
23%
advanced
- Advancing
- 12
- Declining
- 21
- Unchanged
- 20
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility14.2%
Drawdown from 52-week high-4.5%
Positive weeks, last 1354%
Current directional run1 week
Turnover versus 13-week norm174%
Breadth impulse-9.7 pts
Cross-section
53 measured
Return distribution
Q1 -1.7%
Median 0.0%
Q3 0.0%
Average winner4.2%
Average loser-2.8%
Dispersion3.5 pts
Top-five upside share73%
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.
2/6
positive
Above Trend Line3/650% of industries
Constructive breadth0/6At least half advancing
Median industry-0.65%1.05 pts dispersion
#1
Transition
Chemicals
1.68%
Participation20%
vs Trend-11.7%
vs Fair Value-14.7%
Members5
#2
Narrowing
Steel
0.22%
Participation29%
vs Trend11.0%
vs Fair Value30.0%
Members7
#3
Narrowing
Gold
-0.61%
Participation20%
vs Trend5.9%
vs Fair Value62.5%
Members10
#4
Weakening
Specialty Chemicals
-0.69%
Participation25%
vs Trend-3.1%
vs Fair Value2.3%
Members8
#5
Weakening
Building Materials
-1.11%
Participation20%
vs Trend-8.8%
vs Fair Value0.0%
Members5
#6
Narrowing
Other Industrial Metals & Mining
-1.56%
Participation11%
vs Trend3.6%
vs Fair Value37.6%
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 53 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
All 53 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.