Counter-trend rallies may occur, but primary structure and persistence do not yet support adding risk.
47
technical evidence
out of 100
out of 100
Week Ending: 4 September 2026
Mexico MX Sector
Industrials
For the week ending 04 September 2026, Industrials declined 1.30% with 21 advancing, 37 declining, and 19 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.
47
technical evidence
Index1683.50
1 week-1.30%
Breadth27%
Members77
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
1 completed week in this state
Trend acceptance
-2.1%
Index versus Trend Line
Persistence
75%
Positive regime, shorter trend weakening
Participation
27%
21 advancing, 37 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
Reduce
Five-pillar map
Trend
49
Breadth
27
Persistence
56
Relative
32
Risk quality
91
What supports the view
- Constituent trends show positive multi-horizon persistence.
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 group is not yet delivering dependable relative outperformance.
- 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 age1 weeks
Trend gateMixed
Fan width1.92%
Fast versus slow change-1.72 pts
Above 33%
Below 50%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
75% agreement
Positive regime, shorter trend weakening
The long trend remains positive, but the 13-week horizon has turned against it.
13-week
-3.7%
26-week
1.8%
39-week
5.8%
52-week
9.7%
Constituent trend persistence
92% coverage
Is the index move broadly durable?
61%positive
Coherent positive20%
Coherent negative15%
Average horizon agreement76%
Positive horizon share51%
Weakening positives22
Repairing negatives10
71 constituents measured as of 4 Sep 2026. Median trend age is 23 weeks.
Custom stage map
87% coverage
Where constituents sit in the cycle
34%Stage 2
Stage 1 · Basing10%7 securities
Stage 2 · Advancing34%23 securities
Stage 3 · Distribution22%15 securities
Stage 4 · Declining33%22 securities
Re-acceleration watch1
Transition watch4
Relative strength leaders28%
Fair Value repairs3
Measured as of 4 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
73/100 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 index98.8
13-week trend103.0
4-week trend change-1.18%
Weekly peer rank9 of 11
1 week
-0.6 pts
relative
4 weeks
-4.9 pts
relative
13 weeks
-4.5 pts
relative
26 weeks
-3.6 pts
relative
52 weeks
3.6 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
27%
advanced
- Advancing
- 21
- Declining
- 37
- Unchanged
- 19
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility10.4%
Drawdown from 52-week high-7.3%
Positive weeks, last 1338%
Current directional run4 weeks
Turnover versus 13-week norm318%
Breadth impulse-7.6 pts
Cross-section
77 measured
Return distribution
Q1 -3.3%
Median 0.0%
Q3 0.1%
Average winner3.5%
Average loser-4.7%
Dispersion5.2 pts
Top-five upside share75%
Top-five capital share33%
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.
4/10
positive
Above Trend Line5/1050% of industries
Constructive breadth2/10At least half advancing
Median industry-0.49%1.46 pts dispersion
#1
Narrowing
Specialty Business Services
0.39%
Participation25%
vs Trend3.9%
vs Fair Value-17.9%
Members4
#2
Narrowing
Waste Management
0.35%
Participation33%
vs Trend0.8%
vs Fair Value11.3%
Members3
#3
Narrowing
Engineering & Construction
0.22%
Participation25%
vs Trend7.0%
vs Fair Value26.1%
Members4
#4
Advancing
Building Products & Equipment
0.07%
Participation50%
vs Trend6.0%
vs Fair Value13.4%
Members4
#5
Weakening
Electrical Equipment & Parts
-0.18%
Participation33%
vs Trend-13.2%
vs Fair Value7.7%
Members6
#6
Weakening
Airports & Air Services
-0.81%
Participation0%
vs Trend-11.3%
vs Fair Value4.7%
Members4
#7
Weakening
Railroads
-1.46%
Participation67%
vs Trend5.0%
vs Fair Value4.1%
Members3
#8
Weakening
Specialty Industrial Machinery
-1.70%
Participation17%
vs Trend-3.7%
vs Fair Value28.0%
Members12
#9
Weakening
Airlines
-3.14%
Participation13%
vs Trend-6.3%
vs Fair Value12.3%
Members8
#10
Weakening
Aerospace & Defense
-3.98%
Participation17%
vs Trend-2.5%
vs Fair Value5.8%
Members12
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.
1 qualified records across 77 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Sector constituents
All 77 measured constituents, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
13
PINFRA
Promotora y Operadora de Infraestructura, S. A. B. de C. V.
MEX
98.35B
263.02
0.01 pts
1.14%
50
PINFRAL
Promotora y Operadora de Infraestructura, S. A. B. de C. V.
MEX
73.46B
194.06
-0.02 pts
-1.89%
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.