Week Ending: 4 September 2026

Mexico MX Financial Services Industry

Banks - Diversified

For the week ending 04 September 2026, Banks - Diversified advanced 0.90% with 4 advancing, 2 declining, and 1 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.

Current architecture Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

83 technical evidence
Index2605.69 1 week0.90% Breadth57% Members7
Country 🇲🇽 Mexico · MX
Sector Financial 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 Upward Expansion 10 completed weeks in this state
Trend acceptance 10.5% Index versus Trend Line
Persistence 100% Positive across every horizon
Participation 57% 4 advancing, 2 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 Positioning window open

Trend, participation and relative evidence are sufficiently aligned for selective exposure.

83 technical evidence
out of 100
Evidence balance

Five-pillar map

Position
Trend
82
Breadth
62
Persistence
100
Relative
92
Risk quality
95
What supports the view
  • The index remains above a constructive Trend gate.
  • Participation is broad enough to support the index move.
  • Constituent trends show positive multi-horizon persistence.
  • Medium-term relative returns and peer standing remain constructive.
What restrains conviction
  • 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.
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 close below the Trend Line at 2,358.62 would weaken the constructive case.
  2. Breadth falling below 45% while the index holds up would signal narrowing leadership.
  3. A turn to negative 13 and 26-week parent-relative performance would remove the rotation edge.

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 Upward Expansion

The activity fan is positively ordered above a rising Trend Line with price accepted above it.

State age10 weeks
Trend gateUp
Fan width5.66%
Fast versus slow change-1.76 pts
Above 67% Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Positive across every horizon

100% agreement

The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.

13-week
11.1%
26-week
20.1%
39-week
14.4%
52-week
25.3%
Regime age104 weeks 52-week flips0 52-week boundary2080.25
Constituent trend persistence

Is the index move broadly durable?

100% coverage
Coherent positive86%
Coherent negative0%
Average horizon agreement96%
Positive horizon share96%
Weakening positives0
Repairing negatives0

7 constituents measured as of 4 Sep 2026. Median trend age is 124 weeks.

Custom stage map

Where constituents sit in the cycle

100% coverage
Stage 1 · Basing0%0 securities
Stage 2 · Advancing86%6 securities
Stage 3 · Distribution14%1 securities
Stage 4 · Declining0%0 securities
Re-acceleration watch0 Transition watch0 Relative strength leaders86% 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

88/100 mean confidence
Upward expansion
71% 5
Rotation up
0% 0
Deceleration
29% 2
Balance
0% 0
Rotation down
0% 0
Downward expansion
0% 0
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 Financial Services

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

A rising relative line means this group is compounding faster than Financial Services. A falling line means capital has done better in the parent benchmark.

Relative index164.4
13-week trend164.9
4-week trend change2.99%
Weekly peer rank2 of 7
1 week
0.3 pts relative
4 weeks
-3.4 pts relative
13 weeks
4.0 pts relative
26 weeks
11.5 pts relative
52 weeks
25.9 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Broad
Advancing
4
Declining
2
Unchanged
1
4-week average 57%
13-week average 66%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility16.0%
Drawdown from 52-week high-1.1%
Positive weeks, last 1385%
Current directional run2 weeks
Turnover versus 13-week norm479%
Breadth impulse-9.5 pts
Cross-section

Return distribution

7 measured
Q1 -0.1% Median 0.8% Q3 1.1%
Average winner1.7%
Average loser-0.2%
Dispersion1.3 pts
Top-five upside share100%
Top-five capital share90%
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.

1 qualified records across 7 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 WFCWells Fargo & Company
3.86% 2 CCitigroup Inc.
1.15% 3 JPMJPMorgan Chase & Co.
0.99% 4 BBVABanco Bilbao Vizcaya Argentaria, S.A.
0.75% 5 HBCNHSBC Holdings plc
0.00%

Weakest edge

7 BCSNBarclays PLC
-0.34% 6 BACBank of America Corporation
-0.15% 5 HBCNHSBC Holdings plc
0.00% 4 BBVABanco Bilbao Vizcaya Argentaria, S.A.
0.75% 3 JPMJPMorgan Chase & Co.
0.99%

Constituent ledger

Industry constituents

All 7 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 WFC Wells Fargo & Company MEX 4.59T 1,532.00 0.55 pts
3.86%
2 C Citigroup Inc. MEX 3.82T 2,316.30 0.16 pts
1.15%
3 JPM JPMorgan Chase & Co. MEX 16.03T 6,120.00 0.14 pts
0.99%
4 BBVA Banco Bilbao Vizcaya Argentaria, S.A. MEX 2.72T 496.01 0.11 pts
0.75%
5 HBCN HSBC Holdings plc MEX 6.01T 1,755.00 0.00 pts
0.00%
6 BAC Bank of America Corporation MEX 7.43T 1,057.01 -0.02 pts
-0.15%
7 BCSN Barclays PLC MEX 1.49T 454.40 -0.05 pts
-0.34%

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

Evidence context