Counter-trend rallies may occur, but primary structure and persistence do not yet support adding risk.
45
technical evidence
out of 100
out of 100
Week Ending: 11 September 2026
Mexico MX Technology Industry
Software - Application
For the week ending 11 September 2026, Software - Application declined 2.85% with 5 advancing, 20 declining, and 7 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.
45
technical evidence
Index2089.59
1 week-2.85%
Breadth16%
Members32
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
6 completed weeks in this state
Trend acceptance
11.0%
Index versus Trend Line
Persistence
50%
Negative regime, shorter trend repairing
Participation
16%
5 advancing, 20 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
73
Breadth
31
Persistence
43
Relative
2
Risk quality
72
What supports the view
- The index remains above a constructive Trend gate.
What restrains conviction
- 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.
- 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 fan is positively ordered above a rising Trend Line with price accepted above it.
State age6 weeks
Trend gateUp
Fan width9.58%
Fast versus slow change1.84 pts
Above 67%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
50% agreement
Negative regime, shorter trend repairing
The long trend remains negative, but shorter-horizon repair is now visible.
13-week
16.3%
26-week
15.0%
39-week
-13.7%
52-week
-16.3%
Constituent trend persistence
94% coverage
Is the index move broadly durable?
23%positive
Coherent positive17%
Coherent negative10%
Average horizon agreement71%
Positive horizon share48%
Weakening positives1
Repairing negatives19
30 constituents measured as of 11 Sep 2026. Median trend age is 38 weeks.
Custom stage map
84% coverage
Where constituents sit in the cycle
44%Stage 1
Stage 1 · Basing44%12 securities
Stage 2 · Advancing19%5 securities
Stage 3 · Distribution11%3 securities
Stage 4 · Declining26%7 securities
Re-acceleration watch0
Transition watch6
Relative strength leaders44%
Fair Value repairs11
Measured as of 11 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
68/100 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 Technology
Relative index
13-week relative trend
Starting level
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 index72.2
13-week trend69.0
4-week trend change4.36%
Weekly peer rank10 of 10
1 week
-2.8 pts
relative
4 weeks
1.5 pts
relative
13 weeks
15.7 pts
relative
26 weeks
-10.7 pts
relative
52 weeks
-39.0 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
16%
advanced
- Advancing
- 5
- Declining
- 20
- Unchanged
- 7
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility26.5%
Drawdown from 52-week high-19.1%
Positive weeks, last 1362%
Current directional run2 weeks
Turnover versus 13-week norm109%
Breadth impulse-32.6 pts
Cross-section
32 measured
Return distribution
Q1 -5.6%
Median -3.1%
Q3 0.0%
Average winner5.6%
Average loser-6.0%
Dispersion5.3 pts
Top-five upside share100%
Top-five capital share52%
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?
Sentiment evidence is still developing
Qualified company-level news coverage is not yet broad enough to influence the group view.
2 qualified records across 32 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 32 measured constituents, ranked by latest weekly return.
Rank
Ticker
Company
Exchange
Market cap
Close
Index contribution
Return
The index uses capped equal-weight weekly constituent returns. The ledger shows uncapped security returns so outliers remain visible for research.