Headline strength is not yet confirmed by the current Activity Line energy and constituent trend mix.
67
technical evidence
out of 100
out of 100
Week Ending: 18 September 2026
Malaysia MY Technology Industry
Semiconductor Equipment & Materials
For the week ending 18 September 2026, Semiconductor Equipment & Materials declined 1.92% with 3 advancing, 9 declining, and 2 unchanged constituents. The index is equal weighted and the constituent tape shows uncapped security returns.
Current architecture
Deceleration
The positive Trend gate remains, but fan energy or fast-line momentum is cooling.
67
technical evidence
Index1541.47
1 week-1.92%
Breadth21%
Members14
Country
🇲🇾 Malaysia · MY
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
Deceleration
1 completed week in this state
Trend acceptance
15.7%
Index versus Trend Line
Persistence
100%
Positive across every horizon
Participation
21%
3 advancing, 9 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
Wait
Five-pillar map
Trend
90
Breadth
35
Persistence
74
Relative
60
Risk quality
79
What supports the view
- The index remains above a constructive Trend gate.
- Constituent trends show positive multi-horizon persistence.
- Relative performance is improving within its parent hierarchy.
What restrains conviction
- Breadth remains too narrow or inconsistent for a high-conviction position.
- Activity Line energy is decelerating despite the positive Trend gate.
- 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 positive Trend gate remains, but fan energy or fast-line momentum is cooling.
State age1 weeks
Trend gateUp
Fan width8.20%
Fast versus slow change-2.71 pts
Above 50%
Below 0%
Six completed weeks of price acceptance relative to the full Activity Line fan.
Index persistence
100% agreement
Positive across every horizon
The 13, 26, 39 and 52-week trends all point upward, giving the advance broad horizon agreement.
13-week
14.9%
26-week
46.5%
39-week
33.7%
52-week
14.1%
Constituent trend persistence
100% coverage
Is the index move broadly durable?
57%positive
Coherent positive50%
Coherent negative7%
Average horizon agreement80%
Positive horizon share71%
Weakening positives1
Repairing negatives3
14 constituents measured as of 18 Sep 2026. Median trend age is 28 weeks.
Custom stage map
93% coverage
Where constituents sit in the cycle
54%Stage 2
Stage 1 · Basing31%4 securities
Stage 2 · Advancing54%7 securities
Stage 3 · Distribution0%0 securities
Stage 4 · Declining15%2 securities
Re-acceleration watch0
Transition watch1
Relative strength leaders46%
Fair Value repairs4
Measured as of 18 Sep 2026. Stages summarize price, Activity Line architecture, Fair Value position and relative evidence.
Architecture breadth
77/100 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 index110.5
13-week trend107.1
4-week trend change3.19%
Weekly peer rank9 of 11
1 week
-1.1 pts
relative
4 weeks
0.9 pts
relative
13 weeks
11.7 pts
relative
26 weeks
33.6 pts
relative
52 weeks
17.1 pts
relative
Market internals
Participation, dispersion and path risk
Equal-weight index evidence with constituent-level breadth and dispersion.
Breadth
Narrow
Participation quality
21%
advanced
- Advancing
- 3
- Declining
- 9
- Unchanged
- 2
Risk and persistence
52-week lens
Path quality
Annualised weekly volatility28.0%
Drawdown from 52-week high-8.6%
Positive weeks, last 1362%
Current directional run1 week
Turnover versus 13-week norm184%
Breadth impulse-29.2 pts
Cross-section
14 measured
Return distribution
Q1 -3.9%
Median -1.7%
Q3 0.0%
Average winner2.8%
Average loser-3.9%
Dispersion4.0 pts
Top-five upside share100%
Top-five capital share95%
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.
0 qualified records across 14 measured constituents.Leadership tape
Leaders, laggards and contribution shape
Latest completed week, ranked on uncapped constituent returns.
Constituent ledger
Industry constituents
All 14 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.