Week Ending: 11 September 2026

Mexico MX Technology Industry

Computer Hardware

For the week ending 11 September 2026, Computer Hardware advanced 0.62% with 7 advancing, 5 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.

72 technical evidence
Index4055.79 1 week0.62% Breadth54% Members13
Country 🇲🇽 Mexico · MX
Sector Technology
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 1 completed week in this state
Trend acceptance 14.4% Index versus Trend Line
Persistence 75% Positive regime, shorter trend weakening
Participation 54% 7 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 Positioning window open

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

72 technical evidence
out of 100
Evidence balance

Five-pillar map

Position
Trend
90
Breadth
51
Persistence
75
Relative
67
Risk quality
69
What supports the view
  • The index remains above a constructive Trend gate.
  • Constituent trends show positive multi-horizon persistence.
  • Medium-term relative returns and peer standing remain constructive.
What restrains conviction
  • Breadth remains too narrow or inconsistent for a high-conviction position.
  • 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 News tone is balanced

Sentiment is not supplying a meaningful directional edge.

Evidence that would change the view
  1. A completed weekly close below the Trend Line at 3,544.32 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 age1 weeks
Trend gateUp
Fan width5.11%
Fast versus slow change-1.70 pts
Above 50% Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence

Positive regime, shorter trend weakening

75% agreement

The long trend remains positive, but the 13-week horizon has turned against it.

13-week
-1.7%
26-week
48.7%
39-week
51.8%
52-week
59.7%
Regime age61 weeks 52-week flips0 52-week boundary2539.28
Constituent trend persistence

Is the index move broadly durable?

85% coverage
Coherent positive36%
Coherent negative9%
Average horizon agreement84%
Positive horizon share75%
Weakening positives3
Repairing negatives1

11 constituents measured as of 11 Sep 2026. Median trend age is 21 weeks.

Custom stage map

Where constituents sit in the cycle

85% coverage
Stage 1 · Basing9%1 securities
Stage 2 · Advancing73%8 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining18%2 securities
Re-acceleration watch0 Transition watch1 Relative strength leaders45% Fair Value repairs1

Measured as of 11 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
55% 6
Rotation up
0% 0
Deceleration
18% 2
Balance
18% 2
Rotation down
0% 0
Downward expansion
9% 1
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 Technology

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

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

Relative index170.9
13-week trend168.4
4-week trend change-1.44%
Weekly peer rank7 of 10
1 week
0.7 pts relative
4 weeks
-3.8 pts relative
13 weeks
-2.3 pts relative
26 weeks
23.0 pts relative
52 weeks
37.0 pts relative

Market internals

Participation, dispersion and path risk

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

Breadth

Participation quality

Balanced
Advancing
7
Declining
5
Unchanged
1
4-week average 40%
13-week average 48%
Risk and persistence

Path quality

52-week lens
Annualised weekly volatility40.5%
Drawdown from 52-week high-8.9%
Positive weeks, last 1362%
Current directional run2 weeks
Turnover versus 13-week norm100%
Breadth impulse6.0 pts
Cross-section

Return distribution

13 measured
Q1 -3.7% Median 0.6% Q3 2.6%
Average winner4.2%
Average loser-4.3%
Dispersion5.1 pts
Top-five upside share94%
Top-five capital share93%
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
Qualified weighted tone
58out of 100

More positive than negative

Positive company scores outnumber negative ones, but the overall score remains close to 50.

Evidence quality

Coverage before conviction

44/100 confidence
Qualified companies323% of measured constituents
Articles359100% direct company evidence
Publishers26Independent sources represented
Latest evidence16 SepFreshness is weighted in the score
Constructive 33%Balanced 67%Cautious 0%
Price confirms news1
Price disagrees1
Negative news absorbed0
Positive but stretched1

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.

Leading edge

1 HPQHP Inc.
12.20% 2 DELLCDell Technologies Inc.
7.86% 3 ANETArista Networks, Inc.
3.04% 4 RGTIRIGETTI COMPUTING INC
2.55% 5 SMCISuper Micro Computer, Inc.
2.02%

Weakest edge

13 IONQIonQ, Inc.
-6.30% 12 DDD3D Systems Corporation
-5.26% 11 SNDK1SANDISK CORP
-4.69% 10 WDCWestern Digital Corporation
-3.67% 9 STXNSeagate Technology Holdings plc
-1.49%

Constituent ledger

Industry constituents

All 13 measured constituents, ranked by latest weekly return.

Rank Ticker Company Exchange Market cap Close Index contribution Return
1 HPQ HP Inc. MEX 491.48B 600.00 0.94 pts
12.20%
2 DELLC Dell Technologies Inc. MEX 5.44T 9,605.28 0.60 pts
7.86%
3 ANET Arista Networks, Inc. MEX 3.98T 3,385.00 0.23 pts
3.04%
4 RGTI RIGETTI COMPUTING INC MEX 84.78B 261.00 0.20 pts
2.55%
5 SMCI Super Micro Computer, Inc. MEX 405.36B 678.95 0.16 pts
2.02%
6 QBTS D-Wave Quantum Inc. MEX 105.03B 284.29 0.09 pts
1.22%
7 QUBT QUANTUM COMPUTING INC MEX 30.23B 136.10 0.05 pts
0.60%
8 CRSR Corsair Gaming, Inc. MEX 21.74B 206.00 0.00 pts
0.00%
9 STXN Seagate Technology Holdings plc MEX 3.11T 14,085.00 -0.11 pts
-1.49%
10 WDC Western Digital Corporation MEX 2.74T 7,590.01 -0.28 pts
-3.67%
11 SNDK1 SANDISK CORP MEX 3.83T 27,734.36 -0.36 pts
-4.69%
12 DDD 3D Systems Corporation MEX 9.47B 54.00 -0.40 pts
-5.26%
13 IONQ IonQ, Inc. MEX 270.23B 625.00 -0.48 pts
-6.30%

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

Evidence context