Week Ending: 4 September 2026

Mexico MX Industrials Industry

Airlines

For the week ending 04 September 2026, Airlines declined 3.14% with 1 advancing, 6 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.

37 technical evidence
Index953.34 1 week-3.14% Breadth13% Members8
Country 🇲🇽 Mexico · MX
Sector Industrials
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 -6.3% Index versus Trend Line
Persistence 75% Negative regime, horizons divided
Participation 13% 1 advancing, 6 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.

37 technical evidence
out of 100
Evidence balance

Five-pillar map

Reduce
Trend
42
Breadth
24
Persistence
38
Relative
24
Risk quality
69
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 43 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 1,017.24, 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 age1 weeks
Trend gateMixed
Fan width6.22%
Fast versus slow change-7.53 pts
Above 17% Below 50%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Negative regime, horizons divided

75% agreement

The 52-week trend is negative, while shorter horizons remain mixed.

13-week
-4.3%
26-week
3.4%
39-week
-4.0%
52-week
-1.1%
Regime age1 weeks 52-week flips5 52-week boundary964.42
Constituent trend persistence

Is the index move broadly durable?

88% coverage
Coherent positive0%
Coherent negative14%
Average horizon agreement64%
Positive horizon share36%
Weakening positives2
Repairing negatives1

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

Custom stage map

Where constituents sit in the cycle

88% coverage
Stage 1 · Basing14%1 securities
Stage 2 · Advancing14%1 securities
Stage 3 · Distribution14%1 securities
Stage 4 · Declining57%4 securities
Re-acceleration watch0 Transition watch0 Relative strength leaders0% 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

75/100 mean confidence
Upward expansion
0% 0
Rotation up
0% 0
Deceleration
43% 3
Balance
0% 0
Rotation down
29% 2
Downward expansion
29% 2
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 Industrials

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

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

Relative index106.6
13-week trend115.7
4-week trend change1.05%
Weekly peer rank9 of 10
1 week
-1.8 pts relative
4 weeks
-9.7 pts relative
13 weeks
-0.6 pts relative
26 weeks
1.7 pts relative
52 weeks
-10.8 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Narrow
Advancing
1
Declining
6
Unchanged
1
4-week average 13%
13-week average 35%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility31.3%
Drawdown from 52-week high-19.9%
Positive weeks, last 1354%
Current directional run1 week
Turnover versus 13-week norm279%
Breadth impulse-24.0 pts
Cross-section

Return distribution

8 measured
Q1 -4.6% Median -3.2% Q3 -1.1%
Average winner0.4%
Average loser-4.3%
Dispersion2.7 pts
Top-five upside share100%
Top-five capital share97%
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 8 measured constituents.

Leadership tape

Leaders, laggards and contribution shape

Latest completed week, ranked on uncapped constituent returns.

Leading edge

1 VOLARAControladora Vuela Compañía de Aviación, S.A.B. de C.V.
0.43% 2 AEROGRUPO AEROM XICO SAB DE CV
0.00% 3 JBLUJetBlue Airways Corporation
-1.43% 4 UALUnited Airlines Holdings, Inc.
-2.07% 5 DALDelta Air Lines, Inc.
-4.42%

Weakest edge

8 RYAAYNRyanair Holdings plc
-8.17% 7 AALAmerican Airlines Group Inc.
-4.93% 6 LUVSouthwest Airlines Co.
-4.52% 5 DALDelta Air Lines, Inc.
-4.42% 4 UALUnited Airlines Holdings, Inc.
-2.07%

Constituent ledger

Industry constituents

All 8 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 VOLARA Controladora Vuela Compañía de Aviación, S.A.B. de C.V. MEX 12.89B 11.60 0.05 pts
0.43%
2 AERO GRUPO AEROM XICO SAB DE CV MEX 36.68B 167.00 0.00 pts
0.00%
3 JBLU JetBlue Airways Corporation MEX 31.02B 82.21 -0.18 pts
-1.43%
4 UAL United Airlines Holdings, Inc. MEX 616.03B 1,858.66 -0.26 pts
-2.07%
5 DAL Delta Air Lines, Inc. MEX 871.58B 1,330.50 -0.55 pts
-4.42%
6 LUV Southwest Airlines Co. MEX 314.07B 642.00 -0.57 pts
-4.52%
7 AAL American Airlines Group Inc. MEX 148.20B 222.00 -0.62 pts
-4.93%
8 RYAAYN Ryanair Holdings plc MEX 524.01B 928.34 -1.02 pts
-8.17%

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

Evidence context