Week Ending: 4 September 2026

Mexico MX Communication Services Industry

Telecom Services

For the week ending 04 September 2026, Telecom Services declined 0.96% with 4 advancing, 5 declining, and 1 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.

42 technical evidence
Index744.10 1 week-0.96% Breadth40% Members10
Country 🇲🇽 Mexico · MX
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 3 completed weeks in this state
Trend acceptance -6.3% Index versus Trend Line
Persistence 100% Negative across every horizon
Participation 40% 4 advancing, 5 declining

Investor positioning lens

Is the evidence ready for capital?

A rules-based technical classification using trend, breadth, persistence, relative strength and path quality.

Current posture Reduce exposure into strength

Counter-trend rallies may occur, but primary structure and persistence do not yet support adding risk.

42 technical evidence
out of 100
Evidence balance

Five-pillar map

Reduce
Trend
35
Breadth
41
Persistence
33
Relative
41
Risk quality
83
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 56 percentage points.
  • Positive contribution is concentrated in a small leadership cohort.
Independent sentiment overlay Sentiment held separate

Qualified news coverage is too thin to alter the technical positioning view.

Evidence that would change the view
  1. A completed weekly reclaim of 794.24, the higher of Trend Line and Fair Value, would improve the structural case.
  2. Breadth holding above 55% for several completed weeks would show that repair is spreading.
  3. Positive 13 and 26-week relative performance would confirm that capital is rotating into the group.

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.

Index architecture Unresolved

The Activity Lines, Trend Line and price acceptance remain genuinely mixed.

State age3 weeks
Trend gateDown
Fan width3.48%
Fast versus slow change2.33 pts
Above 0% Below 33%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Negative across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point downward, confirming persistent contraction.

13-week
-2.0%
26-week
-13.4%
39-week
-9.3%
52-week
-16.4%
Regime age19 weeks 52-week flips3 52-week boundary890.25
Constituent trend persistence

Is the index move broadly durable?

100% coverage
Coherent positive0%
Coherent negative20%
Average horizon agreement70%
Positive horizon share28%
Weakening positives3
Repairing negatives3

10 constituents measured as of 4 Sep 2026. Median trend age is 41 weeks.

Custom stage map

Where constituents sit in the cycle

90% coverage
Stage 1 · Basing0%0 securities
Stage 2 · Advancing22%2 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining78%7 securities
Re-acceleration watch0 Transition watch1 Relative strength leaders11% Fair Value repairs0

Measured as of 4 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.

Architecture breadth

How market energy is distributed

77/100 mean confidence
Upward expansion
11% 1
Rotation up
22% 2
Deceleration
0% 0
Balance
0% 0
Rotation down
22% 2
Downward expansion
44% 4
Unresolved
0% 0

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

Weakening
Relative index 13-week relative trend Starting level
Rotation dashboard Weakening

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 index80.4
13-week trend79.5
4-week trend change-0.54%
Weekly peer rank3 of 4
1 week
-0.4 pts relative
4 weeks
1.6 pts relative
13 weeks
1.2 pts relative
26 weeks
-5.8 pts relative
52 weeks
4.2 pts relative

Market internals

Participation, dispersion and path risk

Equal-weight index evidence with constituent-level breadth and dispersion.

Breadth

Participation quality

Narrow
Advancing
4
Declining
5
Unchanged
1
4-week average 43%
13-week average 42%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility15.6%
Drawdown from 52-week high-16.7%
Positive weeks, last 1362%
Current directional run1 week
Turnover versus 13-week norm358%
Breadth impulse-1.7 pts
Cross-section

Return distribution

10 measured
Q1 -2.4% Median -0.1% Q3 0.2%
Average winner1.3%
Average loser-3.0%
Dispersion2.8 pts
Top-five upside share100%
Top-five capital share94%
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?

Open Sentiment Intelligence
Sentiment evidence is still developing

Qualified company-level news coverage is not yet broad enough to influence the group view.

0 qualified records across 10 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 LUMNLumen Technologies, Inc.
4.67% 2 CHTRCharter Communications, Inc.
0.40% 3 VZVerizon Communications Inc.
0.18% 4 TMUST-Mobile US, Inc.
0.13% 5 ETLNEutelsat Communications S.A.
0.00%

Weakest edge

10 SKMNSK TELECOM
-5.78% 9 TLEVISACPOGrupo Televisa, S.A.B.
-4.71% 8 CMCSAComcast Corporation
-2.63% 7 AMXBAmérica Móvil, S.A.B. de C.V.
-1.72% 6 TAT&T Inc.
-0.10%

Constituent ledger

Industry constituents

All 10 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 LUMN Lumen Technologies, Inc. MEX 113.46B 112.00 0.47 pts
4.67%
2 CHTR Charter Communications, Inc. MEX 317.64B 2,540.00 0.04 pts
0.40%
3 VZ Verizon Communications Inc. MEX 3.57T 853.50 0.02 pts
0.18%
4 TMUS T-Mobile US, Inc. MEX 3.27T 3,052.00 0.01 pts
0.13%
5 ETLN Eutelsat Communications S.A. MEX 77.87B 66.11 0.00 pts
0.00%
6 T AT&T Inc. MEX 3.06T 442.05 -0.01 pts
-0.10%
7 AMXB América Móvil, S.A.B. de C.V. MEX 1.16T 19.46 -0.17 pts
-1.72%
8 CMCSA Comcast Corporation MEX 1.63T 448.00 -0.26 pts
-2.63%
9 TLEVISACPO Grupo Televisa, S.A.B. MEX 23.85B 8.90 -0.47 pts
-4.71%
10 SKMN SK TELECOM MEX 252.60B 620.00 -0.58 pts
-5.78%

The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.

Evidence context