The weight of trend, participation and relative evidence favours capital protection over new exposure.
32
technical evidence
out of 100
out of 100
Week Ending: 4 September 2026
Mexico MX Sector
Communication Services
For the week ending 04 September 2026, Communication Services declined 0.60% with 15 advancing, 16 declining, and 7 unchanged constituents. The index is equal weighted and built from country-listed equities.
Current architecture
Downward Expansion
The activity fan is bearishly ordered below the Trend Line with price accepted beneath it.
32
technical evidence
Index1113.08
1 week-0.60%
Breadth39%
Members39
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
Downward Expansion
12 completed weeks in this state
Trend acceptance
-3.1%
Index versus Trend Line
Persistence
100%
Negative across every horizon
Participation
39%
15 advancing, 16 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
Defensive
Five-pillar map
Trend
27
Breadth
34
Persistence
20
Relative
25
Risk quality
77
What supports the view
- No major confirming factor has secured control.
What restrains conviction
- Index trend architecture has not delivered a durable upward expansion.
- Breadth remains too narrow or inconsistent for a high-conviction position.
- 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 62 percentage points.
- 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 fan is bearishly ordered below the Trend Line with price accepted beneath it.
State age12 weeks
Trend gateDown
Fan width2.15%
Fast versus slow change0.44 pts
Above 0%
Below 67%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
100% agreement
Negative across every horizon
The 13, 26, 39 and 52-week trends all point downward, confirming persistent contraction.
13-week
-3.2%
26-week
-7.6%
39-week
-17.6%
52-week
-20.6%
Constituent trend persistence
97% coverage
Is the index move broadly durable?
24%positive
Coherent positive3%
Coherent negative41%
Average horizon agreement79%
Positive horizon share23%
Weakening positives7
Repairing negatives11
37 constituents measured as of 4 Sep 2026. Median trend age is 34 weeks.
Custom stage map
89% coverage
Where constituents sit in the cycle
71%Stage 4
Stage 1 · Basing12%4 securities
Stage 2 · Advancing9%3 securities
Stage 3 · Distribution9%3 securities
Stage 4 · Declining71%24 securities
Re-acceleration watch0
Transition watch5
Relative strength leaders12%
Fair Value repairs2
Measured as of 4 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
76/100 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 index93.0
13-week trend94.4
4-week trend change-1.73%
Weekly peer rank6 of 11
1 week
0.1 pts
relative
4 weeks
0.2 pts
relative
13 weeks
-3.9 pts
relative
26 weeks
-13.0 pts
relative
52 weeks
-26.7 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
39%
advanced
- Advancing
- 15
- Declining
- 16
- Unchanged
- 7
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility15.2%
Drawdown from 52-week high-23.5%
Positive weeks, last 1346%
Current directional run1 week
Turnover versus 13-week norm356%
Breadth impulse1.0 pts
Cross-section
38 measured
Return distribution
Q1 -3.0%
Median 0.0%
Q3 0.6%
Average winner3.1%
Average loser-4.3%
Dispersion4.5 pts
Top-five upside share74%
Top-five capital share88%
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.
1/4
positive
Above Trend Line1/425% of industries
Constructive breadth1/4At least half advancing
Median industry-0.85%0.70 pts dispersion
#1
Repairing
Electronic Gaming & Multimedia
0.57%
Participation50%
vs Trend-4.8%
vs Fair Value1.8%
Members2
#2
Narrowing
Entertainment
-0.74%
Participation29%
vs Trend9.1%
vs Fair Value13.4%
Members7
#3
Contracting
Telecom Services
-0.96%
Participation40%
vs Trend-6.3%
vs Fair Value-6.2%
Members10
#4
Weakening
Internet Content & Information
-1.26%
Participation31%
vs Trend-4.3%
vs Fair Value4.2%
Members16
News and narrative
Does company news confirm the market tape?
55out of 100
More positive than negative
Positive company scores outnumber negative ones, but the overall score remains close to 50.
Evidence quality
40/100 confidence
Coverage before conviction
Qualified companies513% of measured constituents
Articles668100% direct company evidence
Publishers24Independent sources represented
Latest evidence9 SepFreshness is weighted in the score
Constructive 20%Balanced 80%Cautious 0%
Price confirms news0
Price disagrees4
Negative news absorbed0
Positive but stretched1
Constructive edge
Strongest qualified tone
GOOGL46/100 confidence · 127 direct
58
Jim Cramer on Alphabet (GOOGL): “I Don’t Care Where It Went, I Care Where It’s Going”
GOOG43/100 confidence · 115 direct 57Jim Cramer on Alphabet (GOOGL): “I Don’t Care Where It Went, I Care Where It’s Going”
NBISN36/100 confidence · 105 direct 56Should You Grab Nebius In Anticipation of Full Capacity Pricing?
NFLX35/100 confidence · 92 direct 54Why Wall Street’s Breakup Fantasy Doesn’t Work for Netflix
META36/100 confidence · 229 direct 49Meta stock wavers as Zuckerberg unveils ‘Muse’ autonomous AI assistant
Narrative risk
Weakest qualified tone
META36/100 confidence · 229 direct
49
Meta stock wavers as Zuckerberg unveils ‘Muse’ autonomous AI assistant
NFLX35/100 confidence · 92 direct 54Why Wall Street’s Breakup Fantasy Doesn’t Work for Netflix
NBISN36/100 confidence · 105 direct 56Should You Grab Nebius In Anticipation of Full Capacity Pricing?
GOOG43/100 confidence · 115 direct 57Jim Cramer on Alphabet (GOOGL): “I Don’t Care Where It Went, I Care Where It’s Going”
GOOGL46/100 confidence · 127 direct 58Jim Cramer on Alphabet (GOOGL): “I Don’t Care Where It Went, I Care Where It’s Going”
Only fresh, quality-controlled company evidence is included. Industry and sector context is down-weighted and cannot create a directional group conclusion on its own.
Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
All 38 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.